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Food Delivery Logistics Market Key Players Analysis - Allen Lund Company, LLC, Alliance Shippers, Inc., C.H Robinson Worldwide, Inc., Deutsche Bahn AG.
Food Delivery Logistics Market
The Food Delivery Logistics Market is anticipated to exhibit a CAGR of 10.36% during the forecast period.
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The logistics industry for food delivery deals with shipping food items to specific locations. In the approaching years, it is anticipated that as technology continues to progress and more people use food delivery services, the market for food delivery logistics will grow. Another factor that is anticipated to promote market growth in the food delivery logistics sector is the use of technology to detect fraudulent deliveries.
In addition, rising urbanization, a shift in customer preference toward restaurant cuisine, and high disposable income are all predicted to open up new business prospects for companies in the food delivery logistics industry. Major manufacturers and suppliers in the food delivery logistics market now have lucrative revenue potential thanks to considerable investments made by key companies and new developments for the creation of several end products. The development of a global network for the speedy delivery of supplies and the improvement of inventory control and food safety are other aspects that contribute to the market's expansion. A rise in customer demand for products from other countries is also driving the growth of the food delivery logistics industry in the upcoming years.
List of Prominent Players in the Food Delivery Logistics Market:
• Allen Lund Company LLC
• Alliance Shippers, Inc.
• C.H Robinson Worldwide, Inc.
• Deutsche Bahn AG
• Schinder National, Inc.
• Bender Group
• CaseStack, Inc.
• Echo Global Logistics, Inc.
• H&M Bay, Inc.
• Hellmann Worldwide Logistics GmbH & Co.
• Henningsen Cold Storage Co.
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Market Dynamics:
Drivers-
Growing demand for international products is a crucial aspect expected to drive the development of the target market. Increasing demand for food delivery services is another factor expected to contribute significant revenue share in the food delivery logistics market. Additionally, an increase in awareness among the service providers for the safety of the drivers of the carriers, growth in disposable income of consumers, tracking of the product until the product reaches its preferred location, and others is a factor expected to augment the development of the food delivery logistics market.
Challenges:
The prime challenge is the need for more awareness, seasonality of product demand and sustainability of the product under challenging situations, reducing the growth of the food delivery logistics market. However, the high cost of delivery services also hampers the overall development of the food delivery logistics market over the coming years. Due to the COVID-19 pandemic, the number of cases has been increasing, which led to a global or partial shutdown to maintain social distancing. According to a recent update, the industries are facing unprecedented economic losses due to disruptions in global supply chains for key players operating in the food delivery logistics market. Distributors, suppliers and retailers have inventory but can't sell, and manufacturers have to stop production from dealing with the shutdown.
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Regional Trends:
The North America food delivery logistics market is expected to register a significant market share and is projected to extend at a high CAGR in the near future. Rising population, rapid urbanization, and increasing industrialization, coupled with increasing R&D activities by major players, are factors expected to increase the growth of the food delivery logistics market in the region. Besides, Europe had a substantial share in the market due to a developed economy and growing adoption of food delivery services. This is due to the adoption of new strategies by the major players in the food delivery logistics market. Moreover, the existence of essential market players and increasing collaboration among major players for market penetration in the region provides the opportunity for growth of the food delivery logistics market.
Segmentation of Food Delivery Logistics Market-
By Product-
• Sea Food & Meat Products
• Fruits & Vegetables
• Cereals & Dairy Products
• Oils & Beverages
• Other
By Mode of Transportation-
• Seaways
• Airways
• Fright/Railways
• Roadways
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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