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

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.

North America holds the second-largest position in the market due its diverse coastlines and cruising destinations providing access to diverse food choices. The growing purchasing power of consumers, the rise of the e-commerce and the strong demand for on time last-mile delivery has also contributed to the market growth. Companies like Walmart Grocery, Amazon Fresh etc have expanded their grocery delivery services to meet the consumer demands. The region is witnessing a rising demand for eco-friendly logistics due to rising sustainability concerns among consumers and business.

The food market in Europe also shows a diverse food culture. The region focuses on food quality and safety standards, which serves the demand for advanced logistic solution specially for dealing with perishable food items. There are several investments in cold chain infrastructure, innovative packaging solutions, and sustainable transportation technologies in response. The "Green Deal" initiative of Netherlands aims to create a circular food system, while companies like Tesco in the UK are implementing measures to reduce food waste in their supply chains through improved logistics and distribution practices.