The Food Delivery Logistics Market Size is predicted to register an 7.36% CAGR during the forecast period for 2023-2031.
The food delivery logistics market trades in the delivery of food products at a desired location and on time. Hence, the adoption of food delivery services is expected to advance in the near future with increasing technological advancement. The technology used to catch fraudulent deliveries is the other factor expected to boost the food delivery logistics market growth. The rising adoption of online food delivery services is expected to increase market expansion in the next coming years.
However, the seasonality of product demand and the product's viability under challenging circumstances, together with the COVID-19 pandemic, are factors that might restrict the target market's growth over the course of the projected period. Additionally, it is anticipated that factors such as rising R&D efforts, government attempts to develop an online platform, and investments by well-known companies would generate lucrative revenue growth prospects for participants in the food delivery logistics market throughout the course of the projected year.
Competitive Landscape
Some of the food delivery logistics market players are:
- Allen Lund Company LLC
- Alliance Shippers, Inc.
- H Robinson Worldwide, Inc.
- Deutsche Bahn AG
- Schinder National, Inc.
- Bender Group
- CaseStack, Inc.
- Echo Global Logistics, Inc.
- H&M Bay, Inc.
- Hellmann Worldwide Logistics GmbH & Co.
- Henningsen Cold Storage Co.
Market Segmentation:
The food delivery logistics market is segmented on the basis of product and transportation. Product segment includes seafood & meat products, fruits & vegetables, oils & dairy products, oils & beverages and other products. By transportation, the market is segmented into seaways, airways, fright/railways and roadways.
Based On Product, The Cereals & Dietary Segment Is Accounted As A Major Contributor In The Food Delivery Logistics Market
The cereals & dietary category is expected to hold a significant share of the food delivery logistics market in 2021. This is mainly due to the rising usage of online platforms for food delivery services, which also contributes to the food delivery logistics market. According to the International Food Information Council, the millennial population prefers convenience or doorstep delivery over taste to save time and effort. Thus, there will be a drift in the adoption of food delivery services in the coming years.
Seaways Segment To Witness Growth At A Rapid Rate
The Seaways segment is projected to grow rapidly in the food delivery logistics market. Hence, with the growing popularity of online purchasing and saving time, there is an increase in demand for food delivery services, especially in countries such as the US, Germany, the UK, China, and India.
The North American Food Delivery Logistics Market Holds A Significant Revenue Share In The Region
The North American food delivery logistics market is expected to record the highest market share in revenue shortly. This can be attributed to the intense focus on online platforms, easy availability of products, hassle-free shopping with the increasing adoption of food delivery services and others. In addition, the food delivery logistics market in the region focuses on the safe delivery of products to develop sustainable and environmentally friendly ways, which also propels market growth. In addition, Asia Pacific is projected to increase in the food delivery logistics market due to growing concerns about online shopping, increasing disposable income, government initiatives, and technological advancement.
Food Delivery Logistics Market Report Scope:
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Report Attribute |
Specifications |
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Growth rate CAGR |
CAGR of 7.36% from 2023 to 2031 |
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Quantitative units |
Representation of revenue in US$ Billion, and CAGR from 2023 to 2031 |
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Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Technique, Application |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
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Competitive Landscape |
Allen Lund Company, LLC, Alliance Shippers, Inc., C.H Robinson Worldwide, Inc., Deutsche Bahn AG, Schinder National, Inc., Bender Group, CaseStack,Inc., Echo Global Logistics, Inc., H&M Bay, Inc., Hellmann Worldwide Logistics Gmbh & Co., Henningsen Cold Storage Co. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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