Global Food Logistics Market Set to Double by 2032: Asia-Pacific Leads the Surge
The global Food Logistics Market Size is on an accelerated growth trajectory, projected to expand from USD 138.93 billion in 2024 to nearly USD 262.93 billion by 2032, registering a robust CAGR of 8.3%. This surge is fueled by the rising demand for perishable goods, the proliferation of e-commerce, and significant technological advancements in cold chain logistics.
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Competitive Landscape: Dominance of Global Logistics Giants
The food logistics sector is characterized by the presence of major players such as FedEx Corp (FDX), United Parcel Service, Inc. (UPS), XPO Inc (XPO), Kirby Corp. (KEX), and Lineage Logistics. These companies are investing heavily in advanced technologies like IoT, AI, and blockchain to enhance supply chain efficiency and transparency. For instance, Lineage Logistics has expanded its global footprint, operating over 450 facilities across 18 countries, and is recognized as the world's largest temperature-controlled warehouse REIT.
Regional Demand: Asia-Pacific at the Forefront
Asia-Pacific holds the highest market share in the food logistics sector, accounting for approximately two-fifths of the global revenue. The region is anticipated to maintain its dominance, projecting the highest CAGR of 9.1% between 2024 and 2031. This growth is driven by rapid urbanization, a shift in dietary preferences towards western food, and rising disposable incomes.
Country-Specific Insights
Vietnam: Opportunities in Cold Chain Expansion
Vietnam is witnessing significant growth in its cold chain logistics, propelled by the increasing demand for perishable food items and the expansion of its seafood export industry. Investments in infrastructure and technology are enhancing the efficiency of food storage and transportation, creating opportunities for both local and international logistics providers.
Thailand: Growth Through Strategic Mergers
Thailand's logistics sector has seen consolidation with the merger of SCG Logistics Management Co., Ltd. and JWD InfoLogistics, forming SCGJWD Logistics Public Company Limited. This merger has created a major ASEAN logistics and supply chain firm, operating in nine countries, and is expected to bolster Thailand's position in the regional food logistics market.
Japan: Trends in Technological Integration
Japan is at the forefront of integrating advanced technologies into its food logistics operations. Companies are adopting IoT and AI to enhance real-time tracking and temperature control, ensuring the freshness and safety of food products. These technological trends are setting new standards in the industry.
South Korea: Consolidation in Logistics Services
South Korea's CJ Logistics Corporation signed a Logistics Project Collaboration Memorandum of Understanding with Saudi Arabian company Beez Logistics in May 2023. This strategic move aims to establish a presence in the Saudi Arabian logistics market, expanding South Korea's global logistics footprint.
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Singapore: Opportunities in Strategic Investments
In a significant development, the Saudi Agricultural & Livestock Investment Company (Salic) acquired a 44.6% additional stake in Singapore-based Olam Agri, bringing its total control to 80.01%. This acquisition, valued at $1.78 billion, is part of Saudi Arabia's strategy to secure critical agricultural supply chains and diversify its economy.
United States: Sustained Growth Amidst Innovation
The U.S. food logistics market remains robust, with a market size of USD 36.87 billion in 2024 and a projected CAGR of 6.6%. The nation's dynamic scientific landscape and focus on precision logistics propel consistent growth.
China: Trends in E-commerce and Cold Chain Development
China's food logistics sector is experiencing rapid growth, driven by the expansion of e-commerce and the development of cold chain infrastructure. Companies like JD Logistics have significantly expanded their warehousing capabilities, operating over 1,600 warehouses with an aggregate gross floor area of over 32 million square meters.
Europe: Consolidation and Technological Updation
Europe's food logistics market is undergoing consolidation, with significant mergers and acquisitions shaping the landscape. For instance, Prosus acquired Just Eat Takeaway.com for €4.1 billion, aiming to create a European food delivery champion. Additionally, Lineage Logistics launched "Lineage Fresh" in Europe, offering fresh storage solutions tailored to major importers, grocers, and producers of fresh fruits and produce.
Recent Developments
- CMA CGM, through its subsidiary CEVA Corporate Services, signed an agreement to acquire Turkish conglomerate Borusan's logistics division for $440 million, expanding its logistics operations in Turkey.
- Delivery Hero reported a 5% year-over-year growth in gross merchandise value for the first quarter of 2025, reaching €12.37 billion, despite a decline in its core Asian market.
- Evri was sold to Apollo Global Management for £2.7 billion, indicating increased activity and confidence in the logistics sector.
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Market Segmentation: In-Depth Analysis:
by Product type
Fish, Shellfish, and Meat
Vegetables, Fruits, and Nuts
Cereals, Bakery and Dairy Products
Coffee, Tea, and Vegetable Oil
Others
by Transportation mode
Railways
Roadways
Waterways
Airways
Railways, roads, waterways, and others are the sub-segments of the market based on the mode of transportation. The Roadways sector led in 2024 and is predicted to hold a xx% market share by that time. The food and beverage business is significantly impacted by transportation as food is regularly transported to various locations. Even while driving long distances might take a lot of time, it is the most economical mode of transportation.
by Service type
Cold Chain
Non-Cold Chain
The market is divided into cold chain and non-cold chain segments based on the kind of service. In 2024, the cold chain segment had the most share (x%). Rapid changes in eating patterns, rising demand for packaged foods, and strict packaging and storage regulations have resulted in a power transfer from manufacturers to merchants. Processes that prioritize zero contamination, accurate storage, and quick storage and retrieval activities are the main forces behind automation and technology adoption in the food and beverage logistics industry.
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Market Key Players : In-Depth Analysis:
1. AmeriCold Logistics LLC
2. Deutsche Bahn (DB) Schenker AG
3. C.H. Robinson Worldwide, Inc.
4. Schneider National
5. CaseStack
6. A.N. Deringer, Inc.
7. Echo Global Logistics, Inc.
8. Evans Distribution Systems, Inc.
9. Hellmann Worldwide Logistics SE & Co. KG
10.Matson Logistics
Note:
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