Food Logistics Market: Global Industry Analysis and Forecast (2022-2029)

Food Logistics Market size was valued at US$ 109.38 Bn. in 2021 and the total revenue is expected to grow at 8.3 % through 2021 to 2029, Food Logistics Market is reaching nearly US$ 207.00 Bn. by 2029.
Food Logistics Market Overview:
The detailed flow of items from point of origin to point of consumption to fulfil the needs of corporations and consumers is known as logistics. It assists in the planning, control, and implementation of goods and service storage and flow. It also aids in the continual delivery of non-durable and durable goods from a variety of distributors and vendors. As a result, logistics is extremely important in the food business. To control and optimize supply chain operations, transportation and logistics companies employ a variety of equipment, expertise, and technologies.To know about the Research Methodology :- Request Free Sample Report
Food Logistics Market Dynamics:
One of the key causes for the rise of the food logistics business is the rapid growth of the food and beverage industry. The growing demand for convenience and packaged foods is assisting the industry's expansion. Food logistics ensures a constant supply of products from distributors and suppliers by providing the proper product and quantity at a cheap cost and delivering the product on schedule. In addition, strengthening distribution networks and infrastructure in developing countries is catalyzing market growth.

The increased international trade of perishable commodities, as well as rising consumer demand, are boosting cold management chains, which are characterized by temperature control and monitoring using technology such as the Internet of Things (IoT). The growing awareness of global hunger and food waste is fueling the expansion of the food logistics market, which attempts to reduce food waste through effective food management. Growing urbanization and rising disposable income have raised spending on food goods dramatically, and customers are increasingly reliant on home delivery, propelling the food logistics industry forward.

One of the market's major drivers is the growing use of the internet. Market growth is being accelerated by the advent of e-commerce industries such as online retail shopping. A primary driver of the market is the evolution of services as a result of intense competition. The food logistics sector aspires to minimize logistic costs and carbon emissions while promoting sustainability through the use of cutting-edge information technology such as block chain, big data, system integration, and simulation, hence boosting market growth. The Internet of Things (IoT) has reshaped the food logistics business, allowing supply chains and logistics firms to trace and track products in real time.

Artificial intelligence (AI) and other technology breakthroughs improve the efficiency of the food sector, resulting in market growth. The introduction of technical improvements in the food logistics business, such as robotics, is providing the needed food safety and transparency, hence helping market growth. Changing eating habits, rising demand for convenience and packaged goods, and a growing emphasis on hygienic foods are all contributing to the industry's rise. Rising client demand for globalized and imported goods is assisting the industry's expansion.

Trends in Food Logistic Market –

• Rise in Online Grocery and E-Retail - Food logistics markets are being propelled by online grocery and e-retail. Most major e-commerce companies have entered this industry, and the coronavirus epidemic has hastened its expansion. Some players from developing countries have entered this arena, as have food delivery companies like Zomato, however the majority of these players operate in the ambient market, with only a handful venturing into the cold chain.

• Digital and IOT for better yield - Companies are embracing technology such as the Internet of Things (IoT) to boost their yield. Because perishability is one of the industry's biggest concerns, these newer digital technologies can assist reduce operational costs and increase yield.

• Smart forecasting - Companies are making their supply chains more efficient and responsive using smarter sales forecasting methodologies, and smart forecasting combined with cloud technologies is helping to minimize IT related costs. Companies like SAP are developing modules expressly for the food logistics industry.

Food Logistics Market Segment Analysis: the Food Logistics Market is segmented into Product type, Transportation mode, and Service type.

Based on Service type, the market is sub-segmented into Cold chain and Non cold chain. The cold chain segment held the largest share of xx% in 2021. A power shift from manufacturers to retailers has come from rapidly changing food habits, increased demand for packaged food, and stringent laws on packing and storage. The major drivers of automation and technology adoption in the food and beverage logistics sector include processes that focus on zero contamination, precise storage, and high-speed storage and retrieval operations.

Food manufacturers can use a cold chain monitoring solution to efficiently manage the storage, shipment, and distribution of items that require a temperature-controlled environment. Incomplete cooling chains caused by mechanical breakdowns, traffic delays, and other causes generate temperature fluctuations that can influence the deterioration and safety of perishable foods. In addition, inefficient operational processes can be exacerbated by a lack of real-time sight of product locations.

Based on Transportation mode, the market is sub-segmented into Railways, Roadways, Waterways and Others. In 2021, the Roadways segment was leading in 2021 and by 2029, it is expected to have a market share of xx %. Because food is frequently carried to different regions, transportation has a big impact on the food and beverage industry. Road travel is the most cost-effective means of transportation, although it can be time-consuming over vast distances.
Food Logistics Market Regional Insights
Europe region is expected to holds the largest market share in 2021. In Europe's emerging and developed economies, such as the United Kingdom, 89 % of all goods are transported by road, and this figure rises to 98 percent when agri-food products are transported. Tesco in the United Kingdom has begun to change its supply chain operations to reduce food waste by employing new packaging alternatives and tracking food loss and waste in its value chains.

As a result, all engaged enterprises are emphasizing the need to reduce food waste across the FSCs in order to improve economic, environmental, and social performance. The transportation industry accounts for roughly a quarter of all greenhouse gas emissions in the European Union (EU). According to the European Environment Agency, CO2 emissions from transportation activities are expected to rise to 25-28 % above by 2030, owing to a steady increase in passenger and freight demand, which has increased the need for proper logistics operations, resulting in an increase in the region's food logistics market.

The objective of the report is to present a comprehensive analysis of the global Food Logistics Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Food Logistics Market dynamics, structure by analyzing the market segments and project the global Food Logistics Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Food Logistics Market make the report investor’s guide.
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Global Food Logistics Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 109.38 Bn.


Forecast Period 2022 to 2029 CAGR:
8.3 %
Market Size in 2029:
US $ 207.00 Bn.


 Segments Covered:
by Product type
• Fish, Shellfish, and Meat
• Vegetables, Fruits, and Nuts
• Cereals, Bakery and Dairy Products
• Coffee, Tea, and Vegetable Oil
• Others


by Transportation mode
• Railways
• Roadways
• Waterways
• Airways


by Service type
• Cold Chain
• Non-Cold Chain



Food Logistics Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Food Logistics Market Key Players
• AmeriCold Logistics LLC
• Deutsche Bahn (DB) Schenker AG
• C.H. Robinson Worldwide, Inc.
• Schneider National
• CaseStack
• A.N. Deringer, Inc.
• Echo Global Logistics, Inc.
• Evans Distribution Systems, Inc.
• Hellmann Worldwide Logistics SE & Co. KG
• Matson Logistics
• Odyssey Logistics & Technology Corporation
• Kerry Logistics Network Ltd.
• Nippon Express Co. Ltd.
• ColdEX Ltd.
• DACHSER SE

Frequently Asked Questions:

1) What was the market size of Global Food Logistics Market markets in 2021?
Ans - Global Global Food Logistics Market was worth US$ 109.38 Bn. in 2021.

2) What is the market segment of the Food Logistics Market?
Ans -The market segments are based on Product type, Transportation mode and service type.

3) What is the forecast period considered for Global Food Logistics Market?
Ans -The forecast period for Global Food Logistics Market is 2021 to 2029.

4) What is the market size of Global Food Logistics Market markets in 2029?
Ans – Global Food Logistics Market is estimated as worth US$ 207.00 Bn.

5) Which region is dominated in Global Food Logistics Market?
Ans -In 2021, the Europe region dominated the Global Food Logistics Market.