CAGR 8.3% Food Logistics Market to Reach USD 260.6 Billion, Globally, By 2032 | Allied Market Research

According to a new report published by Allied Market Research, titled, "Food Logistics Market," The food logistics market was valued at $116.30 billion in 2022, and is estimated to reach $260.6 billion by 2032, growing at a CAGR of 8.3% from 2023 to 2032.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/15839

The food logistics market in Asia-Pacific is expected to grow significantly, owing to high demand for online food and rapid growth of last mile food delivery solutions. Moreover, augmented global trade and strong economic environment predominantly drive the food logistics industry in the European region. The increase in demand for frozen food and the online retail market are expected to hold growth opportunities for the key players during the forecast period. The increase in imports of perishable commodities such as vegetables and fruits in the region is another factor that is contributing toward the demand for food logistics.

Development of the processed food sector in emerging countries in recent times has significantly contributed toward the economic development. For instance, India's food processing sector is one of the largest in the world and its output is expected to reach $535 billion by 2025-26. Food logistics is necessary to handle these products and prevent wastage of food due to unfavorable weather conditions. Therefore, development of the processed food industry is anticipated to propel the food logistics market growth.

Moreover, dairy and frozen desserts have witnessed particularly high demand due to economic growth and rapid urbanization internally and externally. Frozen meat, such as burger patties, is also in high demand due to the thriving business process outsourcing (BPO) industry within Asia-Pacific. The BPO industry consists of shift work hours as opposed to fixed timings, leading to an increased demand for convenient, easy-to-consume meals. As a result of these quickly shifting trends, the frozen products segment now accounts for a significant share in the food logistics market.

Food distributors are evolving their processes to ensure efficient delivery to various customer types. Rather than relying solely on static routes, they are adopting a hybrid routing approach. Hybrid routing combines different transportation modes and methods to ensure fast and efficient delivery of food products. This approach may involve a combination of ground transportation (such as trucks or vans), airfreight, and even last-mile delivery options like drones or autonomous vehicles. This allows food distributors to prioritize clients with high volumes and tight delivery windows, ensuring their satisfaction. Meanwhile, deliveries to smaller, more flexible customers be dynamically routed to optimize fleet capacity and balance the workload.

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

Transport companies operating in the market have incorporated new warehousing services in various countries, which propel the market growth for the storage & warehousing segment. Penetration of fully automated warehousing distribution systems is extremely less, which is expected to provide a remarkable growth opportunity for the key players operating in the food logistics market size.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Agility,
AmeriCold Logistics LLC,
CJ Logistics,
C.H. Robinson Worldwide, Inc,
DB Schenker,
DHL International GmbH,
Hellmann Worldwide Logistics SE & Co. KG,
Lineage Logistics,
XPO Logistics,
Yusen Logistics.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/15839

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘 :

By mode of operation, the seaways segment is anticipated to exhibit significant growth in food logistics market in the near future.

By product type, the fish, shellfish, and meat segment is anticipated to exhibit significant growth in food logistics market in the near future.

By service type, cold chain segment is anticipated to exhibit significant growth in food logistics market in the near future.

By business type, value added services segment is anticipated to exhibit significant growth in food logistics market in the near future.

By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

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

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.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. 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. 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.

This release was published on openPR.