Global Food Logistics Market Size By Mode of Transport, By Service Type, By Product Type, By Geographic Scope And Forecast
Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Food Logistics Market Size By Mode of Transport, By Service Type, By Product Type, By Geographic Scope And Forecast
Food Logistics Market Size And Forecast
Food Logistics Market size was valued at USD 113.16 Billion in 2023 and is projected to reach USD 243.83 Billion by 2030, growing at a CAGR of 10.4% during the forecast period 2024-2030.
Global Food Logistics Market Drivers
The market drivers for the Food Logistics Market can be influenced by various factors. These may include
- Globalisation of the Food Supply Chain As the food supply chain grows more interconnected, there is a growing demand for dependable and effective logistics systems to move food goods between various nations and regions.
- Growing Customer Demand for Perishable and Fresh Products In order to guarantee prompt and secure delivery, consumers are requesting more and more perishable and fresh products, which calls for specific logistical solutions. The creation of complex cold chain logistics systems is a result of this tendency.
- Strict Standards and rules Regarding the Transportation and Storage of Food Products In order to guarantee food safety and quality, governments and regulatory agencies are putting in place stringent standards and rules. In order to comply with these standards, innovative logistics technologies have been adopted.
- Technological Developments in Logistics By combining cutting-edge technologies like blockchain, real-time tracking, and IoT (Internet of Things), the food supply chain is now more transparent and traceable, which makes logistics operations run more smoothly.
- Online grocery shopping and e-commerce As these two industries expand, there is a greater need for last-mile delivery and fulfilment services. Food logistics providers are changing to satisfy internet shoppers’ demands for prompt and dependable delivery.
- Sustainability and Environmental Concerns The food sector is placing an increasing amount of focus on sustainability, which is resulting in the adoption of energy- and environmentally-efficient logistics techniques. This covers the use of sustainable packaging, alternative fuels, and electric cars.
- Changing Customer Lifestyles and Habits Changes in customer preferences, such as the need for quick meals and convenience goods, have an effect on the logistics needed for distribution, storage, and transportation.
- Risk mitigation and supply chain resilience The significance of supply chain resilience was brought to light by incidents such as the COVID-19 pandemic. In order to reduce risks and disruptions, food logistics businesses are concentrating on developing stronger and more flexible supply chain networks.
- Collaboration and Integration in the Food Supply Chain More coordinated and efficient logistical operations result from enhanced cooperation amongst food supply chain participants, such as producers, distributors, and retailers.
- Urbanisation and Population Growth As the number of people living in cities rises and their disposable income rises, there is an increasing need for a wide variety of food goods, which calls for effective logistics to satisfy demand.
Global Food Logistics Market Restraints
Several factors can act as restraints or challenges for the Food Logistics Market. These may include
- Strict Regulatory Compliance To guarantee food safety and quality, the food business is bound by stringent rules. Adherence to rules concerning the handling, storage, and transportation of food items might provide difficulties and could raise expenses for logistics companies.
- Infrastructure Restrictions In certain areas, the effective transportation of food goods may be impeded by a lack of suitable highways, ports, and cold storage facilities. Inadequate infrastructure might result in more expenses, spoiling, and delays.
- Temperature-Controlled Challenges Because many food products are perishable, temperature-controlled logistics are necessary, which raises the supply chain’s complexity and cost. It is imperative to keep the cold chain intact during the transit process since any breaks can result in waste and spoiling.
- Variable Fuel Prices Fuel is a major source of transportation costs for the food logistics sector. For logistics organisations, fluctuating gasoline prices can have a major influence on operating costs, making it difficult to stay profitable.
- Costs Associated with Technology Adoption Using cutting-edge technology, such data analytics, IoT (Internet of Things) sensors, and real-time tracking, can increase food logistics productivity. Some businesses, however, might find it prohibitive to implement these technologies due to the upfront and continuing expenses.
- Labour Shortages The efficiency of the logistics sector as a whole may be impacted by a lack of competent workers for jobs like driving, warehouse management, and other related duties. A number of variables, including ageing labour pools and shifting labour market dynamics, may make this problem worse.
- Global Trade Tensions Trade tensions and tariff disputes between nations can affect food goods’ worldwide transit, creating uncertainty and making logistical planning and execution more difficult.
Global Food Logistics Market Segmentation Analysis
The Global Food Logistics Market is Segmented on the basis of Mode of Transport, Service Type, Product Type, and Geography.
Food Logistics Market, By Mode of Transport
- Road Transport Involves the movement of food products via trucks and other road vehicles. It is suitable for short to medium-distance transportation.
- Rail Transport Utilizes trains for transporting large quantities of food products over longer distances.
- Sea Transport Involves the shipment of food products through maritime routes, suitable for international and long-distance transportation.
- Air Transport Fast and efficient mode suitable for perishable and high-value food items. Often used for international shipping.
Food Logistics Market, By Service Type
- Transportation Services Involves the physical movement of food products from the point of origin to the destination.
- Cold Chain Logistics Focuses on maintaining a temperature-controlled supply chain, crucial for perishable goods.
- Warehousing and Distribution Includes storage facilities and the distribution network for efficient inventory management.
Food Logistics Market, By Product Type
- Perishable Foods Includes fresh fruits, vegetables, dairy products, and other items with a limited shelf life.
- Non-perishable Foods Involves products with longer shelf life, such as canned goods, grains, and packaged foods.
Food Logistics Market, By Geography
- North AmericaMarket conditions and demand in the United States, Canada, and Mexico.
- EuropeAnalysis of the Food Logistics Market in European countries.
- Asia-PacificFocusing on countries like China, India, Japan, South Korea, and others.
- Middle East and AfricaExamining market dynamics in the Middle East and African regions.
- Latin AmericaCovering market trends and developments in countries across Latin America.
Key Players
The major players in the Food Logistics Market are
- AmeriCold Logistics
- Deutsche Bahn (DB) Schenker AG
- C.H. Robinson Worldwide, Inc.
- Schneider National
- CaseStack
- A.N. Deringer, Inc.
- Matson Logistics
- Hellmann Worldwide Logistics SE & Co. KG
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2020-2030 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2030 |
HISTORICAL PERIOD | 2020-2022 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | AmeriCold Logistics, Deutsche Bahn (DB) Schenker AG, C.H. Robinson Worldwide, Inc., Schneider National, CaseStack, Matson Logistics. |
SEGMENTS COVERED | By Mode of Transport, By Service Type, By Product Type, and By Geography. |
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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