Global Food Logistics Market Report and Forecast 2024-2032

Global Food Logistics Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global food logistics market attained a value of USD 127.23 billion in 2023. Aided by the escalating demand for fresh food products across geographies and the widening reach of e-commerce in the food sector, the market is projected to further grow at a CAGR of 8% between 2024 and 2032.

Food logistics refers to the systematic coordination and management involved in moving food products from producers to consumers. This process is meticulously structured to ensure the preservation of food quality, safety, and longevity. With an array of products ranging from perishable goods like dairy, fruits, and vegetables to processed foods, the industry's logistics require a careful amalgamation of technology, timely delivery, and cold chain management.

The paradigm shift in consumer purchasing behaviour, with a greater tilt towards e-commerce platforms, has boosted the food logistics market demand. As more consumers opt for online grocery shopping, timely and efficient delivery has become paramount. This digital transition compels logistics providers to devise innovative solutions, ensuring food products' freshness and safety upon delivery.

Moreover, with global gastronomy trends shifting towards fresh, organic, and exotic foods, the challenge intensifies for the food logistics industry. Transporting fresh avocados to a European country from Central America or delivering sushi-grade tuna to an inland city requires impeccable logistics, powered by robust cold chain systems and swift transportation methods.

Furthermore, the food service industry, comprising restaurants, cafes, and quick-service chains, significantly influences the food logistics market outlook. These establishments necessitate frequent and timely deliveries to ensure their dishes' quality and freshness, further intensifying the demand for specialised food logistics services.

Regulatory norms and standards have a pronounced impact on the food logistics sector. Stringent regulations associated with food safety standards, especially for perishable items, mandate businesses to adhere to specific transportation and storage norms. These evolving standards, while ensuring food safety, simultaneously propel advancements in food logistics operations.

According to the food logistics market analysis, the technological advancements are significantly transforming food logistics. Integration of Artificial Intelligence (AI), Internet of Things (IoT), and advanced analytics are aiding in optimising routes, predicting demand, and managing inventory more efficiently. Such technologies not only enhance operational efficiency but also play a crucial role in reducing wastage in the food supply chain.

Market Segmentation

The market can be divided based on segment, product, transportation mode, service type, and region.

Market Breakup by Segment

• Transportation
• Packaging
• Instrumentation

Market Breakup by Product

• Dairy Products
• Bakery and Confectionary
• Processed Food and Vegetable Oil
• Fish, Meat, And Seafood
• Fruits and Vegetables
• Fruit Pulp and Concentrates
• Coffee and Tea
• Others

Market Breakup by Transportation Mode

• Airway
• Seaway
• Roadway
• Railway

Market Breakup by Service Type

• Cold Chain
• Non-Cold Chain

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global food logistics market. Some of the major players explored in the report by Expert Market Research are as follows:

• AmeriCold Logistics LLC
• Dachser Group SE & Co. KG
• AJC International, Inc
• CJ Logistics Corporation
• C.H. Robinson Worldwide, Inc.
• Matson, Inc.
• Hellmann Worldwide Logistics SE & Co. KG
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.