Global Food Logistics Market Size, By Business Type (Warehouse, Distribution, Value-added Services), By Mode of Operation (Storage, Roadways, Seaways, Others), By Product Type (Fish, Shellfish, and Meat; Vegetables, Fruits, and Nuts; Cereals, Bakery and D

Global Food Logistics Market Size, By Business Type (Warehouse, Distribution, Value-added Services), By Mode of Operation (Storage, Roadways, Seaways, Others), By Product Type (Fish, Shellfish, and Meat; Vegetables, Fruits, and Nuts; Cereals, Bakery and Dairy Products; Coffee, Tea, and Vegetable Oil; Others), By Service Type (Cold Chain, Non-Cold Chain), and Regional Forecasts 2022-2032

The Global Food Logistics Market was valued at approximately USD 125.95 billion in 2022 and is projected to grow at a CAGR of 8.3% during the forecast period from 2024 to 2032. Food logistics encompasses the process of planning, executing, and controlling the movement of food-related materials and services. This includes activities such as material handling, packaging, transportation, inventory management, security, and warehousing, all tailored to meet customer needs and market conditions. Logistics service providers play a crucial role in ensuring the delivery of materials or goods from manufacturers to consumers, with the food logistics industry focusing on delivering food and groceries to desired locations.

Advancements in technology have fueled the rapid growth of third-party ordering and delivery services, driving the market's expansion. Additionally, transport companies are integrating new warehousing services across various countries, propelling growth in the storage and warehousing segment. Despite the low penetration of fully automated warehousing distribution systems, there lies a significant growth opportunity for key players in the food logistics market. Service providers now offer a comprehensive range of duties beyond simple delivery or storage, including customs handling, labeling, assembly, shipping, and other value-added services.

Several factors are driving the growth of the food logistics industry, including the surge in demand for ready-to-eat foods, the increase in last-mile food delivery demand, and the rising need for cold chain logistics. However, challenges such as truck industry issues, including driver shortages and increased fuel prices, along with increased competition from larger players, are impeding market growth. Nevertheless, the adoption of IoT, automation, and AI technologies in food logistics, along with the rise in hybrid routing for short timeline deliveries, presents lucrative opportunities for market expansion.

The key regions considered for the Global Food Logistics Market study include Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. North America is the leading region due to the region's advanced infrastructure, including well-developed transportation networks and sophisticated cold chain systems, which are essential for maintaining the quality and safety of food products during transit. Additionally, North America's high consumer demand for diverse food products and the presence of major logistics companies contribute to its dominance in the market. On the other hand, the Asia-Pacific region is considered the fastest-growing region in the Global Food Logistics Market. This rapid growth can be attributed to several factors: the region's expanding population, increasing urbanization, and rising middle class, which collectively boost demand for diverse and high-quality food products. Moreover, significant investments in infrastructure development, such as improvements in transportation and warehousing, are enhancing the efficiency of food logistics in the region. As economies in Asia-Pacific continue to develop and consumer preferences evolve, the food logistics sector is expected to experience substantial growth, making it the fastest-growing market globally.

Major market players profiled in the market report include:

C.H. Robinson Worldwide, Inc.

DHL Supply Chain

Kuehne + Nagel International AG

XPO Logistics, Inc.

UPS Supply Chain Solutions

DB Schenker

J.B. Hunt Transport Services, Inc.

Triton International Limited

Sysco Corporation

Americold Realty Trust, Inc.

Nippon Express Holdings, Inc.

CEVA Logistics

GEODIS

Maersk Line

Coyote Logistics LLC

The detailed segments and sub-segment of the market are explained below:

By Business Type

Warehouse

Distribution

Value-added Services

By Mode of Operation

Storage

Roadways

Seaways

Others

By Product Type

Fish, Shellfish, and Meat

Vegetables, Fruits, and Nuts

Cereals, Bakery, and Dairy Products

Coffee, Tea, and Vegetable Oil

Others

By Service Type

Cold Chain

Non-Cold Chain

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

Australia

South Korea

Rest of Asia Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East and Africa

Years considered for the study are as follows:

Historical year – 2022

Base year – 2023

Forecast period – 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.

Annualized revenues and regional level analysis for each market segment.

Detailed analysis of geographical landscape with country-level analysis of major regions.

Competitive landscape with information on major players in the market.

Analysis of key business strategies and recommendations on future market approach.

Analysis of the competitive structure of the market.

Demand side and supply side analysis of the market.

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