Food Logistics Market Overview 2020, Demand by Regions, Share and Forecast to 2025
According to the latest report by IMARC Group, titled, “Food Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025", the global food logistics market size was worth US$ 108 Billion in 2019. Looking forward, the market expects to exhibit moderate growth during the next five years.
Logistics refers to the detailed flow of the products from the point of origin to the point of consumption. It helps in planning, controlling as well as implementing the storage and flow of goods and services. Food logistics also aid in meeting the requirements of corporations and consumers by maintaining a continuous supply of products. Transportation and logistics providers use different equipment, expertise, and technologies, to control and improve the supply chain operations. As a result, logistics plays a crucial role in the food industry.
Significant growth of the e-retail in the food and beverages sector is primarily driving the market for food logistics. Furthermore, the rise in the working population, elevating disposable income levels, and the hectic schedule of the consumers, have provided a thrust to the online retail channels, thereby augmenting the demand for food logistics. Besides this, the incorporation of artificial intelligence (AI) technology with logistics services has increased delivery efficiency as the AI algorithms facilitate intelligent route mapping and reduce delivery time without damaging the perishable goods. Other factors, like improving distribution networks and infrastructure in developing regions and the adoption of new technologies by logistics providers to enhance their business processes, are further expected to drive the market growth.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Food Logistics Market 2020-2025 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of the key players being 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.
For more information about this report, visit: https://www.imarcgroup.com/food-logistics-market
The report has segmented the market on the basis of Transportation mode, Product Type, Service Type, Segment, Insights and Region.
Breakup by Transportation mode:
Breakup by Product Type:
Fish, Shellfish, and Meat
Vegetables, Fruits, and Nuts
Cereals, Bakery and Dairy Products
Coffee, Tea, and Vegetable Oil
Breakup by Service Type:
Breakup by Segment:
Middle East and Africa
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