The groceries transportation global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Groceries Transportation Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The groceries transportation market size has grown strongly in recent years. It will grow from $56.48 billion in 2023 to $60.5 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to the rise of online grocery shopping, the expansion of urban areas, regulatory changes, consumer demand for freshness, and the expansion of retail chains.
The groceries transportation market size is expected to see strong growth in the next few years. It will grow to $80.08 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to e-commerce expansion, sustainability initiatives, globalization of supply chains, changing consumer preferences, and environmentally friendly transportation practices. Major trends in the forecast period include AI-driven logistics, the adoption of advanced analytics, the integration of blockchain technology, advancements in cold chain technology, and advancements in autonomous vehicles.
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Scope Of Groceries Transportation Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Groceries Transportation Market Overview
Market Drivers –
The expansion of online grocery shopping is expected to propel the growth of the grocery transportation market going forward. Online grocery shopping refers to purchasing groceries and household essentials through digital platforms and delivering them to one’s doorstep. The expansion of online grocery shopping is driven by the convenience of 24/7 availability, doorstep delivery, and access to a wide selection of products. Groceries transportation services ensure timely delivery, maintain product freshness, and meet customer expectations for reliable service in online grocery shopping. For instance, in March 2023, according to Adobe, a US-based computer software company, with $73.7 billion spent online in 2020, the e-grocery market grew by 103% year on year (YoY), $79.2 billion in 2021, up 7.2% YoY. Additionally, consumers spend an average of $6.7 billion monthly on groceries, up from $3.1 billion before the outbreak. Therefore, the expansion of online grocery shopping will drive the growth of the grocery transportation market.
Market Trends –
Major companies operating in the grocery transportation market are focusing on integrating artificial intelligence (AI)-powered logistics solutions such as route optimization, to enhance customer convenience and improve overall efficiency in the supply chain. Route optimization technologies refer to advanced systems that use machine learning (ML) techniques to optimize transportation routes and schedules efficiently. For instance, in March 2024, Walmart Inc., a US-based retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores, launched Element, an AI-powered software solution aimed at optimizing truck delivery routes and schedules for goods to its stores. This AI-powered technology is expected to boost operational efficiency and enhance customer experiences for Walmart’s partners. The software’s pricing model is designed to be flexible based on usage volume and frequency, addressing the complexities of deploying AI models at scale. It also offers benefits such as freedom from vendor lock-in, cost savings, and improved reliability, making it easier for businesses to adopt AI and ML solutions.
The groceries transportation market covered in this report is segmented –
1) By Product Type: Vegetables And Fruits, Dairy Products, Meat And Seafood, Other Product Types
2) By Transportation Mode: Roadways, Railways, Seaways, Airways
3) By Application: Retail, Food And Beverage, Consumer Goods, Other Applications
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Regional Insights –
North America was the largest region in the groceries transportation market in 2023. The regions covered in the groceries transportation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the groceries transportation market are Cargill Incorporated, A.P. Møller – Maersk A/S, SYSCO Corporation, Performance Food Group Company, DB Schenker, Kuehne + Nagel International AG, C.H. Robinson Worldwide Inc., Gordon Food Service Inc., J.B. Hunt Transport Inc., Ryder System Inc., SpartanNash Company, XPO Logistics Inc., Lineage Logistics Holdings LLC, Total Quality Logistics LLC, McLane Company Inc., Hellmann Worldwide Logistics GmbH & Co. KG, NFI Industries, Werner Enterprises Inc., Americold Realty Trust, US Xpress Inc., Lynden Incorporated, Greatwide Logistics Services, Trinity Logistics Inc., H&M Bay Inc., PSS Distribution Services, Domenico Transportation Co.
Table of Contents
- Executive Summary
- Groceries Transportation Market Report Structure
- Groceries Transportation Market Trends And Strategies
- Groceries Transportation Market – Macro Economic Scenario
- Groceries Transportation Market Size And Growth
…..
- Groceries Transportation Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Groceries Transportation Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Groceries Transportation Market, Segmentation By Transportation Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Groceries Transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
………..
Table 74: Cargill Incorporated Financial Performance
Table 75: A.P. Møller – Maersk A/S Financial Performance
Table 76: SYSCO Corporation Financial Performance
Table 77: Performance Food Group Company Financial Performance
Table 78: DB Schenker Financial Performance
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