The global groceries transportation market size reached US$ 7.1 Trillion in 2023. Looking forward, the market is projected to reach US$ 10.7 Trillion by 2032, exhibiting a growth rate (CAGR) of 4.66% during 2023-2032. The increasing popularity of online grocery shopping portals, the rising working population leading increasingly hectic lifestyles, and the growing adoption of big cargo vehicles with ice boxes and proper temperature conditioning for meat and dairy transportation represent some of the key factors driving the market.
Groceries transportation is the process of transporting groceries, including various F&B commodities, raw materials, and other household supplies, from one place to another. The main grocery companies transport items by trucks, vans, railroads, and ships, and occasionally opt for outsourcing transport when it is cost-effective. By using grocery transportation, manufacturers and retailers can ensure that their products arrive at the destination point on time, thereby preventing food from getting wasted or spoiled.
The process also ensures that a continuous supply of durable and non-durable goods is available from various suppliers and distributors across various locations while keeping the supply of seasonal products constant throughout the entire year. The incorporation of artificial intelligence (AI) and machine learning (ML) processes to handle the manual work is resulting in an improved groceries transportation system, which keeps deliveries fast and profitable.
Also, continual innovations in the transportation system, including computerized vehicle routing, online freight exchange, and ICT, are fueling the market. The market is further propelled by the integration of numerous technologies, such as active traffic management, GPS monitoring, and satellite trailing, to track and facilitate efficient transportation from the starting point to the final destination.
Apart from this, favorable initiatives undertaken by government bodies of several countries toward the improvement of infrastructure facilities are creating a positive outlook for the market. Some of the other factors contributing to the market include rapid urbanization, considerable growth in the food and beverages industry, inflating disposable income levels and increasing global population growth.
Groceries transportation is the process of transporting groceries, including various F&B commodities, raw materials, and other household supplies, from one place to another. The main grocery companies transport items by trucks, vans, railroads, and ships, and occasionally opt for outsourcing transport when it is cost-effective. By using grocery transportation, manufacturers and retailers can ensure that their products arrive at the destination point on time, thereby preventing food from getting wasted or spoiled.
The process also ensures that a continuous supply of durable and non-durable goods is available from various suppliers and distributors across various locations while keeping the supply of seasonal products constant throughout the entire year. The incorporation of artificial intelligence (AI) and machine learning (ML) processes to handle the manual work is resulting in an improved groceries transportation system, which keeps deliveries fast and profitable.
Groceries Transportation Market Trends
The increasing popularity of online grocery shopping resulting in the growing cargo volumes is a significant factor driving the market. This can be attributed to the rising working population leading increasingly hectic lifestyles. In line with this, the shifting consumer preference toward same-day delivery instead of tedious commuting across the market is providing an impetus to the market. Moreover, the augmenting need for the supply of seasonal grocery products throughout the whole year is also creating lucrative growth opportunities in the market. Besides this, the growing adoption of big cargo vehicles with ice boxes and proper temperature conditioning for perishable product transportation is impacting the market positively.Also, continual innovations in the transportation system, including computerized vehicle routing, online freight exchange, and ICT, are fueling the market. The market is further propelled by the integration of numerous technologies, such as active traffic management, GPS monitoring, and satellite trailing, to track and facilitate efficient transportation from the starting point to the final destination.
Apart from this, favorable initiatives undertaken by government bodies of several countries toward the improvement of infrastructure facilities are creating a positive outlook for the market. Some of the other factors contributing to the market include rapid urbanization, considerable growth in the food and beverages industry, inflating disposable income levels and increasing global population growth.
Key Market Segmentation
This report provides an analysis of the key trends in each segment of the global groceries transportation market, along with forecasts at the global, regional, and country level from 2024-2032. The report has categorized the market based on product type and transportation mode.Product Type Insights:
- Vegetables and Fruits
- Dairy Products
- Meat and Seafood
- Others
Transportation Mode Insights:
- Roadways
- Railways
- Seaways
- Airways
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global groceries transportation market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Cargill Incorporated, Domenico Transportation Co., H&M Bay Inc., Hellmann Perishable Logistics, J.B. Hunt Transport, Inc., Lynden Incorporated, McLane Company Inc., Pilot Freight Services (A.P. Møller - Mærsk A/S), PSS Distribution Services, Ryder System Inc., SpartanNash Company, Total Quality Logistics LLC, Trinity Logistics (Burris Logistics Company), etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report
- How has the global groceries transportation market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global groceries transportation market?
- What are the key regional markets?
- Which countries represent the most attractive groceries transportation markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the transportation mode?
- What is the competitive structure of the global groceries transportation market?
- Who are the key players/companies in the global groceries transportation market?
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis12 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Groceries Transportation Market
6 Market Breakup by Product Type
7 Market Breakup by Transportation Mode
8 Market Breakup by Region
9 Drivers, Restraints, and Opportunities
11 Porters Five Forces Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Cargill Incorporated
- Domenico Transportation Co. H&M Bay Inc.
- Hellmann Perishable Logistics
- J.B. Hunt Transport Inc.
- Lynden Incorporated
- McLane Company Inc.
- Pilot Freight Services (A.P. Møller – Mærsk A/S)
- PSS Distribution Services
- Ryder System Inc.
- SpartanNash Company
- Total Quality Logistics LLC
- Trinity Logistics (Burris Logistics Company)
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 138 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 7.1 Trillion |
| Forecasted Market Value ( USD | $ 10.7 Trillion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
