Market Size of Food Grade Tank Trucking Industry
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 5.41 Billion |
| Market Size (2029) | USD 7.17 Billion |
| CAGR (2024 - 2029) | 5.88 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Americas |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Food Grade Tank Trucking Market Analysis
The Food Grade Tank Trucking Market size is estimated at USD 5.41 billion in 2024, and is expected to reach USD 7.17 billion by 2029, growing at a CAGR of 5.88% during the forecast period (2024-2029).
The global rise in liquid food consumption, spanning products like milk, juice, and edible oils, is a crucial driver for the food-grade tank trucking sector. During the fiscal year 2022-2023, the US Department of Agriculture noted global consumption figures of 78.6 million metric tons for palm oil and 60.78 million metric tons for soybean oil.
Efficient transportation is paramount given the consistent production of liquid food items—highlighted by an annual global cow milk output of approximately 550 million metric tons—and significant exports from major players like the European Union, the United States, and New Zealand.
Stringent food safety and quality standards, notably the Hazard Analysis and Critical Control Point (HACCP) guidelines, mandate using food-grade tank trucks. These trucks are equipped with features ensuring contamination prevention and product integrity, including precise temperature control, sanitation measures, and proper handling protocols.
The market for food-grade tank trucking is witnessing a transformation thanks to innovations in design and technology. Features like advanced temperature control, real-time tracking, and automated cleaning processes enhance efficiency, safety, and traceability. For instance, Kan-Haul, a US company, introduced tanks in August 2023 with heating elements designed explicitly for cold-weather transport, ensuring liquids do not freeze during transit.
