Global Food Logistics Market: size was valued at US$ 101 Bn. in 2020 and the total revenue is expected to grow at 8.3 % through 2021 to 2027, Food Logistics Market is reaching nearly US$ 176.49 Bn. by 2027.
Global Food Logistics Market Overview:
The market research study Global Food Logistics Market analyses and assesses the market’s position during the forecast period. It is a comprehensive examination that focuses on primary and secondary drivers, market share, leading segments, and geographical analysis. Key actors, big partnerships, mergers, and acquisitions, as well as current innovation and corporate strategies, are also examined in the research.
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Global Food Logistics Market Dynamic:
One of the key causes for the rise of the food logistics business is the rapid growth of the food and beverage industry. The growing demand for convenience and packaged foods is assisting the industry’s expansion. Food logistics ensures a constant supply of products from distributors and suppliers by providing the proper product and quantity at a cheap cost and delivering the product on schedule. In addition, strengthening distribution networks and infrastructure in developing countries is catalyzing market growth.
The increased international trade of perishable commodities, as well as rising consumer demand, are boosting cold management chains, which are characterized by temperature control and monitoring using technology such as the Internet of Things (IoT). The growing awareness of global hunger and food waste is fueling the expansion of the food logistics market, which attempts to reduce food waste through effective food management. Growing urbanization and rising disposable income have raised spending on food goods dramatically, and customers are increasingly reliant on home delivery, propelling the food logistics industry forward.
Market Scope:
Using both primary and secondary research approaches, we researched the Global Food Logistics Market from every viewpoint. This helped us gain a better understanding of current market dynamics such as supply-demand imbalances, pricing trends, product preferences, customer habits, and so on. The data is then compiled and analyzed using a range of market estimation and data validation techniques. Furthermore, we have an in-house data forecasting engine that forecasts market growth through 2027.
Following the successful completion of market engineering, which included calculations for market statistics, market size estimations, market projections, market breakdown, and data triangulation, extensive primary research was conducted to gather information and verify and validate key figures. Top-down and bottom-up procedures, as well as numerous data triangulation methods, were frequently used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all statistics gathered during the whole market engineering process.
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Global Food Logistics Market Segmentation:
Based on Service type, the market is sub-segmented into Cold chain and Non cold chain. The cold chain segment held the largest share of xx% in 2020. A power shift from manufacturers to retailers has come from rapidly changing food habits, increased demand for packaged food, and stringent laws on packing and storage. The major drivers of automation and technology adoption in the food and beverage logistics sector include processes that focus on zero contamination, precise storage, and high-speed storage and retrieval operations.
Food manufacturers can use a cold chain monitoring solution to efficiently manage the storage, shipment, and distribution of items that require a temperature-controlled environment. Incomplete cooling chains caused by mechanical breakdowns, traffic delays, and other causes generate temperature fluctuations that can influence the deterioration and safety of perishable foods. In addition, inefficient operational processes can be exacerbated by a lack of real-time sight of product locations.
Global Food Logistics Market Key Players:
• AmeriCold Logistics LLC
• Deutsche Bahn (DB) Schenker AG
• C.H. Robinson Worldwide, Inc.
• Schneider National
• CaseStack
• A.N. Deringer, Inc.
• Echo Global Logistics, Inc.
• Evans Distribution Systems, Inc.
• Hellmann Worldwide Logistics SE & Co. KG
• Matson Logistics
• Odyssey Logistics & Technology Corporation
• Kerry Logistics Network Ltd.
• Nippon Express Co. Ltd.
• ColdEX Ltd.
• DACHSER SE
Primary and secondary research is used to identify industry leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry professionals such as seasoned front-line personnel, CEOs, and marketing personnel. Secondary research included a review of the leading manufacturers’ annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing personnel. Secondary data is utilized to determine percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data. The players highlighted in this report are as follows:
Global Food Logistics Market Regional Analysis:
The report covers both qualitative and quantitative data and gives an in-depth look into the Global Food Logistics industry area by region. It gives a segment-by-segment overview and forecast of the worldwide Global Food Logistics market. It also estimates the market size and forecasts for five major regions from 2021 to 2027: North America, Europe, Asia-Pacific, the Middle East, Africa, and South America. Each area’s Global Food Logistics market is further subdivided into regions and segments. The report investigates and forecasts many countries, as well as existing trends and prospects in the field.
COVID-19 Impact Analysis on Global Food Logistics Market:
We researched and analyzed the Global Global Food Logistics Business Expansion Strategy post-COVID-19, by organizational strategic analysis, landscape, category, utilization, and leading countries, which encapsulates and analyses the global Global Food Logistics industry’s potential, providing statistical data on market trends, growth regulators, major challenges, PORTER analysis, and market entry strategy analysis, prospects, and forecasts. The fundamental purpose of the research is to offer industrial businesses a strategic analysis of COVID-19’s influence. Simultaneously, this study looked into the markets of major countries and highlighted their market potential in post-pandemic scenarios.
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Key Questions Answered in the Global Food Logistics Market Report are:
- What are the most promising high-growth opportunities in the global Global Food Logistics sector, as defined by product category, End User, and Region?
- Which Global Food Logistics market segments will expand the fastest, and why?
- Which regions will have the fastest growth, and why?
- What are the primary elements influencing Global Food Logistics market dynamics? What are the primary drivers and obstacles in the Global Food Logistics market?
- What are the Global Food Logistics market’s weaknesses and threats?
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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