Smart Food Logistics Market Analysis

1. What is the Market Size & CAGR of Smart Food Logistics market in 2021?

The global smart food logistics market had a market size of USD 10.52 billion in 2021 with a Compound Annual Growth Rate (CAGR) of 7.3%.

2. COVID-19 Impact on the Smart Food Logistics Market

The COVID-19 pandemic significantly impacted the smart food logistics market as lockdowns and disruptions in the supply chain affected the transportation and delivery of food products.

3. Smart Food Logistics Dynamics

The smart food logistics industry is seeing a shift towards technology-driven solutions such as IoT, AI, and blockchain for better tracking, monitoring, and ensuring the quality of food products during transportation.

4. Segments and Related analysis

The smart food logistics market can be segmented into software, hardware, and services, with software solutions witnessing the highest growth due to the increasing adoption of cloud-based platforms.

5. By Region Analysis

North America dominated the smart food logistics market in 2021, followed by Europe and Asia Pacific, with the increasing demand for fresh and perishable food products driving market growth.

6. Key Market Players and Competitive Landscape

Key players in the smart food logistics market include IBM, Oracle, SAP, Cisco, and Amazon, with intense competition leading to innovations in last-mile delivery and cold chain management.

7. Recent happenings in the Smart Food Logistics Market

In recent developments, companies are focusing on automation, robotics, and autonomous vehicles to streamline food logistics operations and meet the increasing consumer demand for faster and safer deliveries.