IMARC Group's report titled “Food Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”. The global food logistics market size reached US$ 114.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 211.9 Billion by 2032, exhibiting a growth rate (CAGR) of 6.9% during 2024-2032.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/food-logistics-market/requestsample
Factors Affecting the Growth of the Food Logistics Industry:
Growing advancements in supply chain management technologies, including automation, Internet of Things (IoT), artificial intelligence (AI), and blockchain, represent one of the key factors driving market growth. Automation and robotics help enhance warehouse operations, leading to higher efficiency and lower operating costs. Additionally, IoT enables real-time tracking and monitoring of food products, ensuring freshness and reducing spoilage. AI optimizes logistics routes and anticipates market demand, thereby streamlining inventory management. Furthermore, blockchain technology provides unparalleled transparency and traceability in the food supply chain, thereby increasing consumer confidence. These technological innovations not only enhance operational efficiency but also play a vital role in complying with stringent food safety regulations.
Growing preferences for fresh and perishable foods, as consumers are becoming more health conscious, is driving the demand for fresh produce, dairy products, and other perishable goods. This shift requires more sophisticated and faster logistics solutions to maintain the quality and freshness of these products during transportation and storage. Additionally, the growing popularity of online grocery shopping platforms, which offer convenience to buyers, is supporting the market growth. Online grocery retailers require efficient logistics networks to manage the timely and safe delivery of food products to buyers' doorsteps. This trend is also leading to more investments in cold chain logistics, advanced refrigerated transportation, and warehouse management systems.
Increasing awareness about food safety, sustainability, and ethical sourcing is one of the major factors driving the market growth. Modern consumers demand transparency in the food supply chain. This demand for traceability is driving companies to invest in advanced tracking and tracing technologies. These systems include radio-frequency identification (RFID) and global positioning system (GPS) tracking, which allow businesses to provide consumers with detailed information about a product's journey from farm to table. This level of transparency not only builds consumer trust but also helps comply with regulatory standards and manage recalls more efficiently.
Leading Companies Operating in the Global Food Logistics Industry:
