A recent report published by Infinium Global Research on the food logistics market provides an in-depth analysis of segments and sub-segments in the global as well as regional food logistics market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional food logistics market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global food logistics market. According to the report, the global food logistics market is projected to grow at a CAGR of 9.2% over the forecast period of 2021-2027.
The current structure is facing several challenges as the increasing globalization demands more healthy and nutritious food. The coordination in the food supply chain from production to consumption is significant to ensure the safety and quality of various food. Nowadays, ensuring food security is one of the key priorities of the economic policy in many countries with different degrees of economic development.
The rapid rise in prevalence of e-retail in the food & retail sector is driving the demand for the food logistics market. In recent years, the popularity of online food delivery services has been growing trend tremendously. The changing landscape of the food & beverage industry, rising internet, and smartphone penetration among millennial consumers are some factors intensifying the food logistics market expansion. The rise in the consumption of food products is constantly growing over the world. Eating behaviors are today very diversified, leading to more consumption of international products. Modern consumers demand a variety of both local staple foods and exotic foods. They expect products from either category to always be of the highest quality, affordability, and safety. However, the seasonality of product demand and sustainability of the product under harsh conditions hampers the market growth. Moreover, the opening of new markets, the emergence of new players, the appearance of new regulations for the export of perishable products are expected to provide growth opportunities to the market players. Fragile and perishable products require seamless logistics planning and visibility at every step in the cold chain and are subject to strict food safety regulations. The COVID-19 pandemic has placed extra strains on food supply chains, with bottlenecks in farm labor, processing, transport, and logistics. However, food manufacturers, distribution centers, commissaries, and cold storage warehouses are operating to ensure the flow of fresh and frozen foods to convenience stores, supermarkets, and grocery stores. Food transport and logistics remain an essential service with multiple restrictions implemented by authorities amidst the global pandemic all over the world.
Geographically, Asia Pacific held the largest share in the food logistics market in 2019. The presence of many logistics service providers and intense competition owing to the rising demand for outsourced services are the key revenue generator in the Asia Pacific food logistics market. Further, rising demand for value-added services, adequate food logistics, and the adoption of automated technologies into logistics services escalate the demand in this region. In the North America region, consumer spending on food in the United States had been remarkably stable which drives the market growth in this region. Food production and manufacturing are widely dispersed throughout the U.S. Further, rapid growth in the e-commerce sector and internet penetration are expected to escalate the demand for food logistics over the forecast period.
The report on global food logistics market covers segments such as product type, and transportation mode. On the basis of product type, the sub-markets include fish, shellfish, and meat, vegetables, fruit, and nuts, cereals, bakery, and dairy products, and coffee, tea, and vegetable oil. On the basis of transportation mode, the sub-markets include airways, railways, roadways, and seaways.
The report provides profiles of the companies in the market such as Americold Logistics, DB Schenker, C.H. Robinson, Schneider National, CaseStack, A.N. Deringer, Echo Global Logistics, Evans Distribution, Hellmann Perishable Logistics, and Matson Logistics.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of food logistics market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.