Optimizing Supply Chains : The Evolution of the Food Logistics Market CAGR of 8.3% by 2032

According to a new report published by Allied Market Research, titled, "Food Logistics Market Share, Size, Competitive Landscape and Trend Analysis Report, by Mode of Operation, by Product Type, by Service Type, by Business Type : Global Opportunity Analysis and Industry Forecast, 2023-2032".

𝐅𝐨𝐨𝐝 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤, 𝟐𝟎𝟑𝟐 :

The global Food Logistics Market size was valued at $116.3 billion in 2022, and is projected to reach $260.6 billion by 2032, growing at a CAGR of 8.3% from 2023 to 2032.

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.

𝐆𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/15839

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.

Moreover, delivery software solution providers have launched the software for hybrid routing. For instance, in June 2022, DispatchTrack, a provider of delivery management software, introduced a hybrid routing solution that combines static planning and dynamic routing. This solution is designed to enhance speed and efficiency while ensuring that delivery windows are met. It allows businesses to maintain regular route schedules while optimizing daily delivery capacity. Quirch Foods, a food distribution company, has benefited from this solution by codifying dispatcher knowledge and creating daily skeleton routes, with the ability to dynamically add and adjust stops, as necessary. Hence, this opportunity allows food logistics businesses to offer competitive delivery options, meeting the evolving demands of consumers and businesses for timely and efficient service.

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.

Cereals, bakery and dairy products is expected to grow at a significant CAGR during the forecast period. This segment covers the transportation and logistics of staple grains, bakery goods, and dairy items like milk, cheese, and yogurt. It involves ensuring the freshness and quality of these products during transit and distribution. The increasing consumption of breakfast cereals and baked goods, coupled with the demand for convenience, is boosting the need for efficient logistics in this segment. The convenience of online bakery and dairy product deliveries is driving growth in these categories, with consumers seeking ready-to-eat options.

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.

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

The key players profiled in the food logistics market report include 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, 𝐚𝐧𝐝 𝐘𝐮𝐬𝐞𝐧 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :

𝐖𝐚𝐫𝐞𝐡𝐨𝐮𝐬𝐢𝐧𝐠 𝐚𝐧𝐝 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 :
https://www.prnewswire.com/news-releases/warehousing-and-distribution-logistics-market-to-reach-25-788-7-billion-globally-by-2031-at-7-7-cagr-allied-market-research-301643062.html

𝐆𝐫𝐞𝐞𝐧 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 :
https://www.prnewswire.com/news-releases/green-logistics-market-to-reach-2-9-trillion-globally-by-2032-at-8-3-cagr-allied-market-research-301868790.html

𝐅𝐨𝐮𝐫𝐭𝐡 𝐏𝐚𝐫𝐭𝐲 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 :
https://www.prnewswire.com/news-releases/fourth-party-logistics-4pl-market-to-reach-111-7-billion-globally-by-2031-at-6-7-cagr-allied-market-research-301605186.html

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :

David Correa
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𝐀𝐛𝐨𝐮𝐭 𝐮𝐬 :

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This release was published on openPR.