Food Logistics Market Size, Share, Growth Analysis, By Transportation Mode (Roadways, Railways), By Service (Transportation services, Warehousing & distribution services), By Product (Fish, Shellfish & Meat), By Storage Facility, By Region - Industry Forecast 2024-2031

Global Food Logistics Market size was valued at USD 114.4 billion in 2022 and is poised to grow from USD 122.19 billion in 2023 to USD 206.81 billion by 2031, growing at a CAGR of 6.9% during the forecast period (2024-2031). 

The global Food Logistics market features a diverse set of competitors consisting of giant logistics players and emerging regional providers. Many major companies such as DHL, Kuehne + Nagel, and UPS are leading this market with the help of their extensive global networks and comprehensive service offerings. At the same time, companies are heavily investing in new cutting-edge technologies to maintain their competitive positions. They are integrating with advanced techs such as IoT, AI, and big data analytics to track their operations and improve their efficiency. Regional logistics providers are also gaining traction in their markets by catering to local businesses' specific needs. These regional players leverage their local expertise and understanding of regional demands and regulations to provide tailored logistics solutions. New technology-based startups are also challenging the traditional logistics business by offering on-demand services and last-mile delivery solutions. This forces the established players to adapt to the changing consumer demands and choices. 'DHL  ', 'FedEx  ', 'DB Schenker ', 'C.H. Robinson  ', 'Kuehne + Nagel  ', 'XPO Logistics  ', 'A.P. Moller–Maersk Group ', 'AmeriCold Logistics LLC ', 'Lineage Logistics  ', 'Sysco  ', 'Yusen Logistics  ', 'Expeditors International  ', 'Agility (DSV) ', 'CEVA Logistics  ', 'J.B. Hunt Transport Services  ', 'Geodis  ', 'Schneider National  ', 'Nippon Express ', 'Deutsche Bahn (DB) Schenker AG '

The rapid expansion of e-commerce has influenced the food logistic market as it has propelled the demand for door-to-door smooth and fast delivery of both perishable and non-perishable food items. During the pandemic, the surge in online grocery shopping in the US fuelled the growth of food delivery services. Many companies like DoorDash and Instacart saw an increase in their orders encouraging them to expand their logistics operations as well as investing in technologies that can ease their delivery processes.

The changing consumer food preferences such as increased demand for fresh and organic food produce provide an immense opportunity for food logistics companies. Solutions to keep food fresh and clean during transit will be of the utmost importance as the organic eating trend lifts off around the world.

Based on region, Asia – Pacific has held the highest market share in terms of revenue in 2022, which accounted for approximately two-fifths of the global food logistics market revenue. And it is also anticipated to maintain its dominance in this forecast period. This region has been estimated to project the highest CAGR of 9.1% between 2024 to 2031 driven by the rapid urbanisation, shift in food choices from traditional food diets to increasing urge for western food as well as rising disposable incomes. Southeast Asia is emerging as a hub for growth opportunities for the consumer goods market, as stated by SF Express, China's leading express delivery company, acquiring Kerry Logistics for USD 2.3 billion in 2021 to expand its network in the region. In India, the emergence of e-grocery platforms such as BigBasket and Grofers, offering a wide range of food products and fast delivery have also changed the market by reaching customers across different areas.