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Food Supply Chain Market to Grow by USD 59.51 Billion from 2024-2028, Driven by Blockchain Integration and AI’s Impact on Market Trends- Technavio Report

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NEW YORK, Sept. 11, 2024 /PRNewswire/ — Report on how AI is redefining market landscape- The global food supply chain market size is estimated to grow by USD 59.51 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 7.86% during the forecast period. Integration of blockchain in food supply chain is driving market growth, with a trend towards increasing mergers and acquisitions among market vendors. However, data security and cyber threats associated with food supply chain management poses a challenge. Key market players include Archer Daniels Midland Co., AWL India Pvt. Ltd., Best Food Logistics, Burris Logistics Co., C H Robinson Worldwide Inc., Cargill Inc., DACHSER SE, DB Schenker, Eight Point Distributors, Gordon Food Service Inc., International Business Machines Corp., Lineage Inc, Nishimoto Co. Ltd., Olam Group Ltd., Oracle Corp., Radhakrishna Foodland Pvt Ltd., SAP SE, Schneider National Inc., SITRA, Sysco Corp., VersaCold Logistics Services, WayCool, and YUSEN LOGISTICS CO. LTD..

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Food Supply Chain Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.86%

Market growth 2024-2028

USD 59.51 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.8

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 47%

Key countries

US, Germany, Canada, China, France, India, Japan, UK, Italy, and South Korea

Key companies profiled

Archer Daniels Midland Co., AWL India Pvt. Ltd., Best Food Logistics, Burris Logistics Co., C H Robinson Worldwide Inc., Cargill Inc., DACHSER SE, DB Schenker, Eight Point Distributors, Gordon Food Service Inc., International Business Machines Corp., Lineage Inc, Nishimoto Co. Ltd., Olam Group Ltd., Oracle Corp., Radhakrishna Foodland Pvt Ltd., SAP SE, Schneider National Inc., SITRA, Sysco Corp., VersaCold Logistics Services, WayCool, and YUSEN LOGISTICS CO. LTD.

 

Market Driver

Mergers and acquisitions among food supply chain market vendors are significantly driving market growth. Companies benefit from these alliances by combining complementary strengths, sharing resources, and creating more efficient and resilient supply networks. These collaborations lead to improved logistics, enhanced traceability, and the adoption of advanced technologies like blockchain and IoT sensors. For instance, Dachser SE’s acquisition of Frigoscandia AB in February 2024 expands DACHSER’s food logistics network to the Nordic countries. Such partnerships help reduce costs, minimize waste, ensure food safety and quality, and enable better demand forecasting and inventory management. As the food industry navigates challenges such as climate change and evolving consumer preferences, strategic partnerships are crucial for adapting to market demands and ensuring long-term sustainability. Therefore, mergers and acquisitions will continue to fuel the growth of the global food supply chain market during the forecast period. 

The food supply chain market is experiencing significant trends in fresh and perishable foods. Temperature-controlled logistics, such as refrigerated transport technologies and cold chain management, are crucial for ensuring the quality and safety of these items. E-commerce platforms are driving growth in food trade, with safety regulations and consumer preferences prioritizing temperature-controlled logistics. Artificial intelligence and the Internet of Things are improving inventory management and traceability. Blockchain technologies offer transparency and security in food supply chains. Meats, dairy, fruits, and vegetables are major sectors, with sustainability and customized logistics solutions key considerations. Economic growth and trade liberalization are increasing demand for multi-modal transportation. Food safety, nutrition, and health are top priorities, with transportation, warehousing, and agriculture all playing important roles. Food retailers must adapt to these trends, implementing cold chain capabilities, logistics infrastructure, and supply chain integration to meet consumer needs and regulations. Environmental concerns and food waste reduction are also important considerations, with processing stage optimization and online platforms facilitating payment transactions and reducing food loss. 

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 Market Challenges

The food supply chain market is experiencing significant digitization and interconnection, leading to increased vulnerability to cybersecurity risks. Data such as customer information, logistics details, and financial transactions are prime targets for cybercriminals. A successful breach disrupts supply chains, compromises food safety, causes financial losses, and damages brand reputation. Interconnected networks mean a weakness in one area can compromise the entire system. IoT devices and sensors, while beneficial, add potential entry points. Compliance with regulations like GDPR adds complexity and cost. Smaller food businesses face challenges in investing in cybersecurity and staying vigilant. These concerns may hinder the adoption of advanced supply chain solutions, posing significant challenges to the food supply chain market’s growth.

The Food Supply Chain market faces various challenges in providing Fruits, Vegetables, and Processed foods to consumers sustainably. Customized logistics solutions and cold chain capabilities are crucial for maintaining product quality and freshness. Logistics infrastructure and supply chain integration are essential for economic growth, but environmental concerns require sustainable practices. Nutrition and food safety regulations demand refrigerated transport technologies, inventory management, and traceability. Trade liberalization and multi-modal transportation enable global access, but health and safety regulations must be met. Precision farming and agri-tech startups improve agriculture, while data management ensures product traceability and consumer trust. Food waste and loss occur at the processing stage, affecting sustainability and profitability. Food retailers require standards, funding, and online platforms for payment transactions. Contamination sources and health risks necessitate strict adherence to health and safety regulations. Positioning systems, radio frequency identification, and warehouse management systems streamline operations. Sustainability, nutrition, and food safety are key concerns, requiring continuous innovation in the Food Supply Chain market.

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Segment Overview 

This food supply chain market report extensively covers market segmentation by

Product Type1.1 Packaged food1.2 Fresh foodEnd-user 2.1 Households2.2 Commercial2.3 IndustrialGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Packaged food- The packaged food market, encompassing processed foods, snacks, beverages, and ready-to-eat meals, is witnessing a notable increase in demand. This trend is driven by shifting consumer lifestyles, urbanization, and the preference for convenient, long-lasting food solutions. The intricate packaged food supply chain involves sourcing raw materials, manufacturing, packaging, distribution, and retail placement. Food safety and quality control are essential, necessitating advanced tracking and tracing systems. Vendors invest in automation and smart packaging to enhance shelf life and product integrity. Sustainability is a priority, with efforts to minimize packaging waste and optimize transportation routes. The COVID-19 pandemic has intensified demand, necessitating supply chain adaptations for resilience. As consumer preferences evolve towards healthier and more diverse options, the packaged food supply chain continues to innovate while maintaining efficiency and cost-effectiveness, fueling the market’s growth during the forecast period.

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Research Analysis

The food supply chain market encompasses the production, transportation, warehousing, and trade of fresh and perishable foods, including meats, dairy, fruits, vegetables, and processed foods. Temperature-controlled logistics plays a crucial role in ensuring the quality and safety of these products. E-commerce platforms are transforming food trade by enabling consumers to purchase fresh produce and other perishable items online. Safety regulations are a top priority in the food supply chain, with stringent guidelines for handling, storage, and transportation of food items. Technology is revolutionizing the industry with the use of artificial intelligence, Internet of Things, and blockchain technologies for traceability and efficiency. Transportation and cold chain management are essential components of the food supply chain, ensuring that perishable items are kept at the correct temperature during transportation and storage. Positioning systems, Radio Frequency Identification (RFID), and Warehouse Management Systems (WMS) are used to optimize logistics and improve inventory management. Agriculture plays a significant role in the food supply chain, with farmers using technology to optimize crop yields and reduce waste. Consumer preferences for healthier, locally sourced foods are driving innovation in the industry, with a focus on sustainable farming practices and minimizing the carbon footprint of food production and transportation.

Market Research Overview

The Food Supply Chain market encompasses the production, transportation, warehousing, and retail of fresh and perishable foods. Temperature-controlled logistics plays a crucial role in ensuring the quality and safety of these products. E-commerce platforms are transforming food trade by offering consumers convenient access to a wide range of fresh and processed foods. Safety regulations are a top priority in the food supply chain, with a focus on food safety, traceability, and product authenticity. Consumer preferences for healthier, sustainable, and customized food options are driving innovation in the sector. Advancements in technology, such as artificial intelligence, the Internet of Things, and blockchain technologies, are revolutionizing food supply chain operations. These technologies enable real-time inventory management, cold chain capabilities, and supply chain integration. Meats, dairy, fruits, vegetables, and processed foods are all integral parts of the food supply chain. Sustainability and economic growth are key considerations, with a focus on reducing food waste and loss. Agriculture is a critical component of the food supply chain, with precision farming and data management playing increasingly important roles. Logistics infrastructure, multi-modal transportation, and trade liberalization are also essential for ensuring a reliable and efficient food supply chain. Food retailers and standards organizations play a vital role in maintaining consumer trust by ensuring food safety and product traceability. Funding and agri-tech startups are driving innovation in areas such as refrigerated transport technologies, warehouse management systems, and online platforms for payment transactions. Health and safety regulations, positioning systems, radio frequency identification, and warehouse management systems are all critical components of the food supply chain. Contamination sources, such as pests and pathogens, must be carefully managed to maintain food safety. Provenance and nutrition are becoming increasingly important to consumers, with a growing demand for transparency and information about the origin and composition of their food. The food supply chain must adapt to meet these changing consumer preferences while also addressing economic, environmental, and sustainability concerns.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Product TypePackaged FoodFresh FoodEnd-userHouseholdsCommercialIndustrialGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Advanced Process Solutions Elevates Clint Johnson to Vice President of Services and Operations

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Veteran Semiconductor Leader Brings More Than 20 Years of Operational Excellence, Strategic Growth, and Industry Leadership

DALLAS, Oct. 27, 2026 /PRNewswire/ — Advanced Process Solutions (APS), an industry leader in high precision and high purity manufacturing and process technology solutions, serving the semiconductor, aerospace, electronics, and industrial markets, today announced the promotion of Clint Johnson to Vice President of Services and Operations. As APS continues to expand its presence and capabilities within the semiconductor industry, Johnson’s leadership will play a critical role in advancing the company’s mission, strengthening customer partnerships, and delivering best-in-class service solutions.

“Clint has been an invaluable asset to APS since joining us as Director of Field Services earlier this year,” said Suhas Uppalapati, Chairman of APS. “He has demonstrated exceptional leadership and a relentless focus on operational performance. His dedication to customer success, workforce development, and continuous improvement quickly established him as a key contributor, and we are excited to see him continue to push APS forward in this expanded role.”

Johnson oversees APS’s service and operational functions, ensuring the organization maintains the highest standards of safety, regulatory compliance, quality, and customer satisfaction. His leadership approach is rooted in accountability, collaboration, and operational discipline, creating an environment where teams are empowered to excel while supporting the company’s broader strategic objectives.

“I am honored to step into the role of Vice President of Services and Operations and to work alongside such a talented team,” said Johnson. “The semiconductor and advanced manufacturing sectors are moving at an unprecedented pace. Together, we will continue focusing on safety, quality, and operational execution to ensure APS is uniquely positioned to help our global customers scale, optimize workflows, and meet today’s complex production demands.”

Prior to APS, Johnson spent more than 20 years in operational management at Air Liquide, a world leader in chemical manufacturing. He earned a degree in organizational leadership from East Texas A&M University.

About Advanced Process Solutions (APS)

Advanced Process Solutions (APS) is a leading provider of precision manufacturing, engineered process systems, and ultra-high-purity solutions serving the semiconductor, aerospace, electronics, and advanced industrial markets. With over 25 years of industry experience, APS specializes in chemical delivery and dispensing systems, specialty gas distribution, filtration and purification, precision fabrication, automation and controls, and turnkey process system integration.

Strategically located in the Dallas Metroplex, APS supports the rapidly expanding U.S. semiconductor manufacturing ecosystem, including Texas’s emerging “Silicon Prairie.” To support its continued growth and innovation, APS is expanding into a purpose-built, 100,000-square-foot, high-tech manufacturing facility in Van Alstyne, Texas, featuring a Center of Excellence, state-of-the-art research and development capabilities, and advanced cleanroom facilities. This investment will significantly enhance APS’s manufacturing capacity, engineering capabilities, and ability to deliver next-generation process solutions.

Combining engineering expertise, manufacturing excellence, and an unwavering commitment to quality and safety, APS partners with leading global manufacturers to deliver innovative, reliable, and scalable solutions that enhance operational efficiency and support mission-critical production environments.

For more information, visit www.APSNextGen.com.

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From Grid Constraint to AI Growth: Hitachi Vantara and Duraflow Transform Data Center Energy Management for Greater AI and Compute Capacity

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Hitachi Vantara pilots one of the world’s largest Phase Change Material installations in its Netherlands data center, demonstrating how organizations can use up to 90% less electricity for thermal managementImplementation requires zero water for cooling, reducing the resources needed to support data center operationsThis generates more computing capacity from existing power infrastructure, rather than diverting power to cooling

ZALTBOMMEL, The Netherlands and SANTA CLARA, Calif., Oct. 27, 2026 /PRNewswire/ — As artificial intelligence (AI) accelerates demand for computing power, data centers face a growing challenge: how to increase AI and compute capacity when access to additional electricity is increasingly constrained.

Hitachi Vantara, the data storage, infrastructure and hybrid cloud management subsidiary of Hitachi Ltd. (TSE: 6501), is demonstrating a new approach to address this challenge by showing how data centers can effectively use their power for AI and compute capacity rather than power and cooling. At its data center in the Netherlands, Hitachi Vantara has deployed one of the world’s largest operational Phase Change Material (PCM) installations, using technology developed by Dutch thermal energy company Duraflow.

For more information about Hitachi Vantara’s approach to AI, please visit: https://www.hitachivantara.com/solutions/ai-analytics

Depending on the application, PCM technology can help reduce electricity consumption related to thermal management by up to 90%, while requiring no water for cooling. By reducing the energy needed to manage power and cooling, a greater share of available electrical capacity can be used for computing – an increasingly important consideration as organizations deploy more energy-intensive AI workloads.

Tackling the energy challenge behind AI
Every watt consumed by AI ultimately becomes heat and managing that heat requires as much as 40% of a data center’s total energy needs. At the same time, as AI workloads continue to grow, the ability to convert available electricity into useful computing capacity will increasingly determine how quickly digital infrastructure can expand. This creates a growing challenge for data center operators seeking to increase computing capacity within constrained power infrastructure. In regions where grid congestion or limited access to additional electricity can constrain data center expansion, improving infrastructure efficiency can help organizations make more computing capacity available within their existing power connection.

Hitachi Vantara faced this challenge as demand for high-density computing and AI infrastructure increased. Rather than assuming that more computing required a greater amount of power, the company explored ways to make its existing electrical capacity work harder. The resulting deployment of Duraflow’s PCM technology provides a real-world proof point for this approach at an operational scale.

Real-world performance: 240 kW of cooling with low electrical consumption
The installed system provides a total cooling capacity of 240 kW across two 120 kW PCM units. According to operational monitoring data, the two units collectively consume just 5–8 kW of electricity, depending on operating conditions. For comparison, a conventional DX cooling system delivering the same 240 kW cooling capacity would require an estimated 60–80 kW of compressor power. These operational figures illustrate how PCM-based thermal management can significantly reduce the electricity required for cooling, freeing up more of the data center’s available power capacity for computing.

“This project started with a very practical challenge: how do we grow our computing capacity when access to additional electricity is limited,” said Simon Ninan, Senior Vice President of Business Strategy, Hitachi Vantara. “We realized that if we could dramatically reduce the amount of power required for thermal management, we could make more of our existing electrical capacity available for computing. By partnering with Duraflow, we are demonstrating how smarter energy management can become an important enabler of AI growth.”

The approach also supports Hitachi Vantara’s broader commitment to operating more efficiently and sustainably, including its goal of becoming carbon neutral in Scope 1 and 2 GHG emissions by FY2030.

Building efficiency across the infrastructure stack
The deployment is part of Hitachi Vantara’s broader focus on helping organizations get more value from their infrastructure while managing the growing energy demands of digital workloads.

That approach extends across the infrastructure stack. Hitachi Vantara’s Virtual Storage Platform One (VSP One) Block includes a 4:1 Data Reduction Guarantee and features Dynamic Carbon Reduction technology, which reduces energy consumption by switching CPUs into eco-mode during periods of low activity. Its always-on compression capability allows the system to switch from inline data reduction to post processing, which further reduces energy consumption and helps reduce a CO2 footprint by as much as 40%.

“Addressing the energy demands of AI isn’t about optimizing one part of the business in isolation,” said Courtney Hadden, Sustainability Director, Hitachi Digital. “It’s about working in concert across the organization and with innovative ecosystem partners to find efficiencies at every stage – from the products we build, how we bring them to market, and everything in between. The answer cannot simply be to consume more power. We need to become smarter about how we use the power we already have.”

Dutch innovation, demonstrated at operational scale
Developed in the Netherlands, Duraflow’s PCM technology absorbs thermal energy during periods of peak demand before releasing it in a controlled manner when demand decreases. Unlike conventional cooling approaches that rely continuously on electrically driven refrigeration to remove heat, PCM technology provides a way to manage and store thermal energy more efficiently. The system requires no water for cooling, helping data centers reduce their reliance on water resources while significantly lowering the electricity needed for thermal management.

“Developing technology is one thing; proving that it can operate at this scale in a live, mission-critical environment is another,” said Simon Loerakker, CEO, Duraflow. “Our collaboration with Hitachi Vantara has allowed us to demonstrate the potential of innovation at an unprecedented scale. Together, we are showing that sustainable innovation and the growth of AI infrastructure can go hand in hand.”

For more information on Hitachi Vantara’s AI-enabled infrastructure, please visit: https://www.hitachivantara.com/en-us/products/storage-platforms.

Additional Resources:

Blog: Raising the Stakes for Sustainable, AI-ready InfrastructureBlog: Five Habits That Cut IT Energy Waste, Without Spending MorePress Release: Hitachi Vantara Releases FY2025 Sustainability Report, Highlighting Leadership in Energy-Efficient Infrastructure for AI-Driven WorkloadsWebinar: Green Data: Sustainable Innovations in Data CentersPress Release: Hitachi Vantara Unveils New Virtual Storage Platform One Capabilities to Enable Stronger Cyber Resilience, Performance and Sustainability

About Duraflow
Duraflow develops advanced thermal energy management technology based on Phase Change Materials (PCM). Its independently developed technology enables organizations to significantly reduce energy consumption for thermal management, maximize the use of existing electrical infrastructure and support the sustainable growth of mission-critical digital environments.

About Hitachi Vantara
Hitachi Vantara is transforming the way data fuels innovation. A wholly owned subsidiary of Hitachi Ltd., Hitachi Vantara provides the data foundation the world’s leading innovators rely on. Through data storage, infrastructure systems, cloud management, and digital expertise, the company helps customers build the foundation for sustainable business growth. To learn more, visit www.hitachivantara.com.

About Hitachi, Ltd. 
Through its Social Innovation Business (SIB) that brings together IT, OT (Operational Technology) and products, Hitachi aims to be a global leader in continuously transforming social infrastructure through digital, contributing to a harmonized society where the environment, wellbeing, and economic growth are in balance. Hitachi operates worldwide across four sectors – Digital Systems & Services, Energy, Mobility, and Connective Industries – as well as a Strategic SIB Business Unit focused on new growth areas. With Lumada at its core, Hitachi creates value by combining data, technology, and domain knowledge to solve customer and social challenges. Revenues for FY2025 (ended March 31, 2026) totaled 10,586.7 billion yen, with 606 consolidated subsidiaries and approximately 290,000 employees worldwide. Visit us at www.hitachi.com.

HITACHI is a trademark or registered trademark of Hitachi, Ltd. All other trademarks, service marks, and company names are properties of their respective owners.

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Parks Associates: HDR Is Shaping the Future of Premium Video Entertainment

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New Parks Associates white paper, developed in partnership with InterDigital, examines how HDR is advancing viewing experiences across streaming, live sports, gaming, and mobile devices

PLANO, Texas, Oct. 27, 2026 /PRNewswire/ — New research from Parks Associates shows high dynamic range (HDR) is becoming a foundational component of premium video entertainment, creating opportunities for television manufacturers, streaming services, and content creators to differentiate through picture quality. The research, High Dynamic Range and the Future of Video, developed in partnership with InterDigital, examines HDR’s expanding role across the entertainment ecosystem.

HDR enhances brightness and contrast and produces richer colors and more lifelike images for the video-viewing experience. The white paper explores how broader device support, growing content availability, and advances in production and distribution are moving HDR from a premium feature toward an expected part of high-quality viewing.

“HDR gives the entertainment industry a powerful way to make improvements in picture quality,” said Michael Goodman, Director, Entertainment Research, Parks Associates. “For manufacturers, it helps demonstrate the value of advanced displays. For streaming services and content owners, it provides an opportunity to deliver a more compelling experience and preserve the creative intent of their programming.”

“Consumers may not always know HDR by name, but they recognize the experience it enables: richer color, deeper contrast and a more lifelike picture,” said Lionel Oisel, Head of Video Labs, InterDigital. “As HDR expands across streaming, live sports, gaming and mobile, the opportunity is to make that premium experience consistent and efficient on every screen. Innovation in HDR, video compression and delivery will be fundamental to making that possible.”

The white paper identifies several developments shaping HDR’s next phase:

Smart TVs are the foundation. Smart TVs are the primary streaming video device in 62% of US internet households with a connected TV device.

Live sports and gaming expand HDR’s relevance. These experiences showcase HDR’s ability to reproduce bright highlights, detailed shadows, and realistic imagery, while pushing improvements in production and real-time processing.

Mobile viewing extends HDR beyond the television. Mobile phones account for 24% of weekly video consumption, with tablets contributing another 11%.

Technology advances improve delivery economics. AI-assisted image processing, cloud-based production, and next-generation codecs such as Versatile Video Coding (VVC) will simplify workflows and deliver HDR more efficiently.

The research also identifies challenges that require continued collaboration to ensure the successful expansion of HDR. Differences in HDR formats, device capabilities, and service implementations can produce inconsistent viewing experiences. Content providers must manage the cost and complexity of supporting multiple formats as audiences move from standard to HDR in their video viewing.

Parks Associates and InterDigital will highlight this research at Future of Video: Business of Streaming, an executive conference for the streaming and video industries on November 17-18 in Marina del Rey, California. Register here. 

For more information, contact Mindi Sue Sternblitz-Rubenstein.

About Parks Associates

Parks Associates helps companies identify new opportunities, refine strategy, and accelerate growth in connected technology markets through data-driven insights and industry expertise. With more than 40 years of experience, the firm delivers proprietary consumer and industry research, market forecasts, and strategic analysis that guide business decisions across personal, connected home, small business, and commercial technology ecosystems. Parks Associates supports clients in navigating evolving markets including AI, security, smart home, broadband, entertainment, energy, multifamily, smart buildings, and connected health.

The firm also fosters industry growth and collaboration by convening thousands of leaders each year through its flagship executive conferences, including CONNECTIONS™, Connected Health Summit, Smart Energy Summit, Smart Spaces, and Future of Video. Learn more at https://www.parksassociates.com.

Mindi Sue Sternblitz-Rubenstein
Parks Associates
972.490.1113
425707@email4pr.com 

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