Market Size of North America FMCG Logistics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 322.97 Billion |
| Market Size (2029) | USD 408.98 Billion |
| CAGR (2024 - 2029) | 4.84 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North America Fast Moving Consumer Goods (FMCG) Logistics Market Analysis
The North America FMCG Logistics Market size is estimated at USD 322.97 billion in 2024, and is expected to reach USD 408.98 billion by 2029, growing at a CAGR of 4.84% during the forecast period (2024-2029).
Total e-commerce sales have grown by nearly 60 percent since the beginning of the pandemic, though penetration rates have leveled off. As such, consumers are increasingly seeking out one-stop shops and have expressed an interest in buying everything in one place, which will happen even more frequently in 2022. Meanwhile, the food-at-home market, which had been slowly losing share to food away from home before 2020, has surged 8.7 percent, four times its historical growth rate.
The move to eating food at home coincides with a growing emphasis on healthier eating. The FMCG sector has benefited from the current e-commerce growth. The industry is moving into a new era of supply chain management from traditional storekeeping, purchasing, materials management, and integrated materials management. FMCG companies often conduct their logistics operations using a hub-and-spoke model, with distribution hubs in important cities and towns serving both wholesalers and retailers. Customers anticipate quick order fulfillment via a variety of channels. Consumer goods firms outsource their logistics operations to do this by bridging the gap between operational and sales planning processes, enhancing forecasting, streamlining inventory, and accelerating delivery times.
Cold chain accounted for USD 248.4 billion in 2020 in the U.S. alone and is expected to exceed USD 410 billion by 2028. This growth has been driven partly by demand for healthier foods high in proteins, vitamins, minerals, and fats that must be transported within specific temperature windows. With labor shortages anticipated to continue throughout the supply chain, many cold chain companies are looking toward automated solutions. The pre-COVID Canadian cold storage landscape was growing, with trends in domestic and global food markets driving much of that demand.
