The global food logistics market reached a value of US$ 100.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 154.5 Billion by 2027, exhibiting a CAGR of 8.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Logistics is the detailed flow of the products from the point of origin to the point of consumption to meet the requirements of corporations and consumers. It aids in planning, controlling as well as implementing the storage and flow of goods and services. It also helps to maintain a continuous supply of non-durable and durable products from various distributors and suppliers. Owing to this, logistics plays a crucial role in the food industry. Transportation and logistics providers use different equipment, expertise and technologies to control and improve the supply chain operations.
The growth of the global food logistics market is majorly driven by a rapid rise in the prevalence of e-retail in the food and retail sector. As logistics forms a significant part of the storing, transporting and delivery of the goods purchased online, this has provided a positive thrust to the market growth. Apart from this, the advent of artificial intelligence (AI) has enabled logistics companies to increase delivery efficiency. For instance, United Parcel Service (UPS), an American multinational package delivery and supply chain management company, utilizes AI algorithms for intelligent route planning. This helps in reducing delivery times without damaging perishable food products. Some of the other factors which are positively influencing the market include improving distribution networks and infrastructure in developing regions, and the adoption of new technologies by logistics providers for enhancing their business processes.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global food logistics market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type, service type, transportation mode and segment.
Breakup by Transportation Mode:
Roadways currently represent the leading segment, holding the largest market share.
Breakup by Product Type:
Fish, Shellfish, and Meat
Vegetables, Fruits, and Nuts
Cereals, Bakery and Dairy Products
Coffee, Tea, and Vegetable Oil
Fish, shellfish, and meat are the most popular product type, accounting for the majority of the total market share.
Breakup by Service Type:
At present, cold chain represents the most popular service type, dominating the market.
Breakup by Segment:
Based on the segment, transportation is the leading segment across the globe.
Middle East and Africa
On the geographical front, North America exhibits a clear dominance in the market.
The competitive landscape of the market has been characterized by the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:
AmeriCold Logistics LLC
Deutsche Bahn (DB) Schenker AG
C.H. Robinson Worldwide, Inc.
A.N. Deringer, Inc.
Echo Global Logistics, Inc.
Evans Distribution Systems, Inc.
Hellmann Worldwide Logistics SE & Co. KG
Odyssey Logistics & Technology Corporation
Key Questions Answered in This Report
1. What was the size of the global food logistics market in 2021?
2. What is the expected growth rate of the global food logistics market during 2022-2027?
3. What are the key factors driving the global food logistics market?
4. What has been the impact of COVID-19 on the global food logistics market?
5. What is the breakup of the global food logistics market based on the transportation mode?
6. What is the breakup of the global food logistics market based on the product type?
7. What is the breakup of the global food logistics market based on the service type?
8. What is the breakup of the global food logistics market based on the segment?
9. What are the key regions in the global food logistics market?
10. Who are the key companies/players in the global food logistics market?