Global Food Logistics Market: Industry Analysis and Forecast (2020-2026)
Global Food Logistics Market is expected to reach US$ XX Bn by 2026 from US$ XX Bn in 2019 at a CAGR of 8% during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Food Logistics Definition:
Food Logistics is a part of supply chain management, which plans, implements, and controls the forward and reverse flow and storage of goods, services, and related information to meet requirements requested by customers and by stakeholders such as the government (new rules and regulations such as the General Food Law) and the retail community.
It coordinates and optimizes activities such as transportation, inventory management, storage and warehousing, materials handling, packaging, information processing, demand forecasting, procurement, facility location, planning, customer service, packing, and loading, etc.
Global Food Logistics Market Dynamics:
The need to feed an ever-increasing world population makes it obligatory to reduce the millions of tons of avoidable perishable waste along the food supply chain. A considerable share of these losses is caused by non-optimal cold chain processes and management. From the point of food logistics, the increasing world population along with the growth of international food trade necessitates attention to avoidable product waste in Food Supply Chains. According to the estimation of the Food and Agriculture Organization of the United Nations, 32% of all food produced in the world was lost or wasted in 2009.
Food logistics is a vital element of the food supply chain. It is an important aspect of fulfilling consumer demands by providing the right product and quantity at lowcost and on-time delivery with minimum or no food waste since the majority of food products have a very short shelf-life.
It involves precise planning, execution, and efficient monitoring to effectively manage the movement of food products from farm to fork with minimum resources and wastage but at the same time satisfying consumer needs, which acts as the driving factor for the growth of the Global Food Logistics Market.
Shifting the focus of the business model towards the consumer's desire for personalized products, customized meals and the preference for local niche products threatens the underlying assumptions the food industry business model and corresponding supply chains are built on. The change in demand patterns can be categorized according to three key drivers of change that require food logistics adaption immediately to maintain market share and service levels at the right cost point:
• Change in preferences and the increased need for transparency change in dining and dietary preferences drive producers to steer away from mass production. Consumer consciousness is growing towards: ‘Product variety’: consumers are aware of an increasing product variety of local, fresh and organic food and the increasing availability of exotic products. ‘Sourcing’: the increasing need to know where products are sourced from impacts the consumers’ preference and induces willingness to spend more on products that are locally raised or grown.
• Today’s consumers no longer desire to be limited in consumption and purchasing options based on what retailers dictate. The growing preference for customization combined with convenience makes consumers extremely demanding as to the access to products they want, when, and where they want them. This preference can depend on the type of product the client segment, and the situation at hand.
• Consumers are no longer a one size fits all marketplace. Increasingly stratified demand patterns occur on the borders between urban and suburban areas, different generations, and changes in the demographic and economic landscape. The middle class with dual-income households is growing, hence the budget to spend on food increases.The growing urbanization causes a larger density of customers, which implicates that companies need to adapt their logistics strategy by focusing their transport and delivery model on smaller and more frequent deliveries.
Businesses are using information technology in their daily operations to manage both road and food safety compliances, road conditions including congestions, service level (on-time in-full delivery), and to improve environmental performance. Furthermore, the food logistics market has become more saturated over the last couple of decades and new customer demands are adding more pressure and making more complicated systems.
Other contributing factors such as shelf-life, globalization, demographic trends, fluctuating customer demand for customized food products (e.g., gluten-free, low sugar and salt, low calorie, etc.), and ethical sustainable standards are also adding to the pressure, which is expected to hamper the growth of the Global Food Logistics Market.
Logistics activities, especially transportation, are significant sources of air pollution affecting human health and greenhouse gas emissions that are responsible for global warming. Emissions result in other environmental threats as well, such as depletion of the ozone layer, broken biological cycles, and increased acidification of ground and water. These issues have increased the awareness of the need to reduce transportation energy use and emissions, which are naturally treated as the main Key Performance Indicators (KPIs) to assess sustainability performance in logistics management literature.About food logistics, food transport is growing due to increasing global food consumption and distances between production and consumption and is, therefore, an important source of CO2 emissions.Logistics systems in different sectors currently face the challenge of improving their sustainability performance induced by the increasing environmental and social concerns such as population growth, climate change, environmental pollution, resource scarcity, and food safety. The trend towards being more sustainable has caused the fact that companies have to meet the challenges that sustainability brings to their business.
Global Food Logistics Market Segment Analysis:
The report groups the Global Food Logistics Marketin different segments by product type, transportation mode,service type, and regionto forecast the revenues and analyze the market share of each segment over the forecast period.
To Know About The Research Methodology :- Request Free Sample Report
Based on Transportation mode,the Global Food Logistics Market is segmented into Roadways, Airways, Waterways, and railways.The Roadways segment was dominant in 2019 and is expected to command a market share of xx% by 2026.Transportation has a significant impact within the food and beverage sector because food is often shipped at various locations. Roadway transportation is the cheapest mode of transportation and but can be time-consuming for long distances.
Based on service type, the Global Food Logistics Market is segmented into Cold chain and Non-cold chain. Cold chain logistics is expected to contribute a major market share of xx% by 2026 due to the need for longer freshness durability of the food products and low wastage.
Based on product type, the Global Food Logistics Market is segmented into Fish, Shellfish, and Meat, Vegetables, Fruits, and Nuts, Cereals, Bakery and Dairy Products, Coffee, Tea, and, Vegetable Oil and Others.
Global Food Logistics Market Regional Insights:
GLOBAL FOOD LOGISTICS MARKET REGIONAL MAP
Europe is expected to command the largest market share of xx% by 2026
In developing and developed economies of Europe, like inthe UK, 89% of all goods are transported by road and this percentage increases to 98% when it comes to transportation of agri-food products. To curb food waste, Tesco in the UK has started to alter its supply chain logistics by using new packaging options and tracking food loss and waste in its valuechains. For instance, the year 2014 has been designated European year against food waste by the European Parliament.
Therefore, the need to reduce food waste throughout the FSCs to improve economic, environmental, and social performance is rising on the agenda of all involved companies.The transport sector is responsible for nearly 25% of European Union (EU) greenhouse gas emissions. According to the European Environment Agency, CO2 emissions from transport activities are projected to grow to 25-28% above the 1990 level by 2030 due to the steady increase in passenger and freight demand, which have increased the need for proper logistics operation thereby increasing the food logistics market in the region.
The objective of the report is to present a comprehensive analysis of the Global Food Logistics Marketto the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding theGlobal Food Logistics Market dynamics, structure by analyzing the market segments and projects the Global Food Logistics Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Food Logistics Market make the report investor’s guide.
For more information of visit:https://www.maximizemarketresearch.com/market-report/global-food-logistics-market/94551/
Global Food Logistics Market Scope: Inquire before buying
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
This Report Is Submitted By : Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
