Groceries Transportation Market Size to Reach US$ 9.1 Trillion by 2028

Industry Overview of Groceries Transportation Market
IMARC Group, a leading market research company, has recently releases report titled "Groceries Transportation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the global groceries transportation market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

What is Groceries Transportation?
Groceries transportation represents the process of transporting groceries, which include several food and beverage commodities, raw materials, and other household supplies, from one place to another. In terms of the mode of transportation, it can be categorized into roadways, seaways, railways, airways, etc. Groceries transportation solutions allow manufacturers and retailers to ensure that their products arrive at the destination point on time and prevent food from getting wasted or spoiled. They even facilitate a continuous supply of durable and non-durable goods from various suppliers and distributors in numerous locations. Consequently, groceries transportation systems find widespread applications across the globe.

How big is the Groceries Transportation market?
The global groceries transportation market size reached US$ 6.8 Trillion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.1 Trillion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.

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What Are the Growth Prospects and Trends in The Groceries Transportation Industry?
The growing volumes of cargo, on account of the elevating popularity of online grocery shopping, are primarily driving the groceries transportation market. Additionally, the shifting consumer preferences toward the same-day delivery facility and the escalating need for the supply of seasonal grocery products throughout the whole year are also positively influencing the global market. Apart from this, the launch of new cargo vehicles with ice boxes and proper temperature conditioning for improved perishable product transportation and the increasing number of innovations, such as computerized vehicle routing, online freight exchange, and information and communication technology or ICT, are acting as significant growth-inducing factors. In line with this, the emerging trend of integrating advanced active traffic management, global positioning systems or GPS monitoring, and satellite trailing for tracking and facilitating efficient transportation from the starting point to the end destination is further catalyzing the market growth. Moreover, the rising incorporation of artificial intelligence (AI) and machine learning (ML) processes for handling manual work to keep deliveries fast and profitable is expected to propel the groceries transportation market in the coming years.

What is included in market segmentation?
The report has segmented the market into the following categories:
Product Type Insights
• Vegetables and Fruits
• Dairy Products
• Meat and Seafood
• Others

Transportation Mode Insights
• Roadways
• Railways
• Seaways
• Airways

Regional Insights:
• North America
o United States
o Canada
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa

Who are the key players operating in the industry?
The report covers the major market players including:
• Cargill Incorporated
• Domenico Transportation Co.
• H&M Bay Inc.
• Hellmann Perishable Logistics
• J.B. Hunt Transport, Inc.
• Lynden Incorporated
• McLane Company Inc.
• Pilot Freight Services (A.P. Møller - Mærsk A/S)
• PSS Distribution Services
• Ryder System Inc.
• SpartanNash Company
• Total Quality Logistics LLC
• Trinity Logistics (Burris Logistics Company)

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