IMARC Group Lists Top 11 Global Food Logistics Companies
IMARC Group has released its analysis of the global food logistics market, which reached $114.4 billion in 2023. The report identifies 11 key players and outlines the sector's growth projections.
Market research firm IMARC Group has published a list of the world's top 11 food logistics companies. The global food logistics market was valued at $114.4 billion in 2023 and is projected to reach $211.9 billion by 2032, demonstrating a compound annual growth rate (CAGR) of 6.9% from 2024 to 2032.
The report indicates that companies in this sector are increasing investments in research and development to create efficient supply chain management systems. Key players are adopting advanced technologies such as GPS tracking and real-time shipment visibility to enhance the delivery experience. Furthermore, companies are expanding their geographical reach through strategic partnerships, mergers, acquisitions, and joint ventures.
Technological integration is a significant trend, with firms incorporating the Internet of Things (IoT), artificial intelligence (AI), warehouse management systems, and temperature monitoring to streamline operations and reduce costs. The growing demand for organic and plant-based food products is also prompting supply chain adjustments.
Prominent companies named in the food logistics sector include AmeriCold Logistics LLC, Deutsche Bahn (DB) Schenker AG, C.H. Robinson Worldwide, Inc., and Schneider National. The report also emphasizes the importance of efficient last-mile delivery management to boost customer satisfaction, supported by digitalization and the rise of online food ordering platforms.