Food Logistics Market to Reach $260.56 Billion, Globally, by 2032 at 8.3% CAGR: Allied Market Research

The global food logistics market is driven by the increase in demand for frozen food and the increase in imports of perishable commodities such as vegetables and fruits in the region

PORTLAND, Ore., Oct. 16, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Food Logistics Market by Mode of Operation (Storage, Roadways, Seaways, Others), Product Type (Fish, Shellfish, and Meat; Vegetables, Fruits, and Nuts; Cereals, Bakery and Dairy Products; Coffee, Tea, and Vegetable Oil; Others), Service Type (Cold Chain, Non-Cold Chain) and Business Type (Warehouse, Distribution, Value added services): Global Opportunity Analysis and Industry Forecast, 2022-2032". According to the report, the global food logistics market was valued at $116.3 billion in 2022, and is projected to reach $260.56 billion by 2032, registering a CAGR of 8.3% from 2023 to 2032.

Download Sample of Research Report - https://www.alliedmarketresearch.com/request-sample/15839

Food logistics concentrate on transport, storage, and distribution of food products. Activities such as material handling, packaging, transportation, inventory, security, and warehousing comes under food logistics.

Prime determinants of growth

Factors, such as surge in demand for ready-to-eat foods, increase in demand for last mile food delivery, and increased demand of cold chain logistics drive the growth of the food logistics market. Moreover, increased challenges of truck industry including driver shortage and increased fuel price, and increased competition from bigger player hamper the growth of the food logistics market. However, the rise in adoption of IoT, automation and AI technologies in food logistics, and increase in hybrid routing for short timeline deliveries are expected to offer lucrative opportunities for the growth of the food logistics market.

Leading Market Players in Food Logistics Industry: -

• Agility
• Americold Logistics, Inc.
• C.H. Robinson worldwide, inc.
• Db Schenker
• Deutsche Post AG
• Lineage Logistics Holdings, LLC
• XPO, Inc.
• Yusen Logistics Co., Ltd.
• Hellmann Worldwide Logistics
• CJ Logistics Corporation

The report provides a detailed analysis of these key players of the global food logistics market. These players have adopted different strategies such as partnership, product launch, expansion and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

Procure Complete Research Report Now - https://www.alliedmarketresearch.com/food-logistics-market/purchase-options

Food Logistics Industry Report Coverage & Details:

The storage segment to maintain its leadership status throughout the forecast period

Based on mode of operation, the storage held the highest market share in 2022, accounting for more than one-third of the global food logistics market revenue and is estimated to maintain its leadership status throughout the forecast period owing to the growth of urban areas and the scarcity of space in cities are driving the need for efficient storage solutions, especially in densely populated regions. However, seaways segment is projected to manifest the highest CAGR of 9.1% from 2023 to 2032 as the globalization of the food supply chain is leading to an increased demand for international shipping services to meet the needs of diverse markets.

The non-cold chain segment to maintain its lead position during the forecast period

Based on service type, the non-cold chain segment accounted for the largest share in 2022, contributing to nearly three-fifths of the global food logistics market revenue, and is estimated to maintain its leadership status throughout the forecast period as these are quick and cost-effective distribution solutions. However, the cold chain segment is projected to manifest the highest CAGR of 9.0 % from 2023 to 2032. Perishable food items must be kept in cold places for storage and transportation to avoid food wastage. Hence, the growth of the frozen food market is driving the need for efficient cold chain logistics to preserve product quality and safety. Stringent food safety regulations and quality standards emphasize the importance of maintaining temperature control throughout the supply chain.

Interested to Procure the Research Report? Inquire Before Buying - https://www.alliedmarketresearch.com/purchase-enquiry/15839

Asia-Pacific to maintain its dominance by 2032

Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for nearly two-fifths of the global Food Logistics market revenue, and is estimated to maintain its leadership status throughout the forecast period. Also, same segment is projected to manifest the highest CAGR of 9.1% from 2023 to 2032. The growth of the regional market is attributed to the booming last mile food and grocery delivery in emerging economies. In addition, increased adoption of outsourced logistics services in the region is driving the growth of the food logistics market in Asia-Pacific.

Similar Reports We Have on Logistics Industry:

Agriculture Supply Chain Management Market Research Report 2023-2032

Secure Logistics Market Research Report 2023-2035

Green Logistics Market Research Report 2023-2035

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
USA/Canada (Toll Free):
+1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/food-logistics-market-to-reach-260-56-billion-globally-by-2032-at-8-3-cagr-allied-market-research-301957163.html