Press release
Food Delivery Logistic - Global Market Insights and Sales Trends 2024
Food Delivery Logistic - Market SizeThe global Food Delivery Logistic market size is expected to reach US$ 104520 million by 2029, growing at a CAGR of 15.1% from 2023 to 2029.
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Food delivery logistics market deals with the business of delivering food products at a desired location. Advancements in technology has led to the rapid growth of third-party ordering & delivering services. Global presence of food delivery services enables the supply of food products, which are scarce or unavailable within the specified time.
The market is mainly driven by the significant applications of Food Delivery Logistic in various end use industries. The expanding demands from the Fresh Foods and Packaged Food, are propelling Food Delivery Logistic market. Seaways, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Airways segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Food Delivery Logistic market, driven by demand from China, the second largest economy with some signs of stabilising, the Food Delivery Logistic market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
By Type
• Seaways
• Airways
• Freight
By Application
• Fresh Foods
• Packaged Food
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