Latest News- Food And Beverage Cold Chain Logistics Market: Meat and seafood is expected to lead the Application segment during 2025-2029

The Food And Beverage Cold Chain Logistics Market is being driven by Rising consumption of frozen food

The Food And Beverage Cold Chain Logistics Market is expected to grow at a CAGR of 14.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 161760.4 million. In the Food and Beverage Cold Chain Logistics Market, hydrogen fuel cell-based forklifts are gaining popularity due to their superior performance in low temperature environments. Unlike battery-powered forklifts, which can experience significant reductions in operating time in cold conditions, hydrogen fuel cell forklifts maintain optimal performance. In contrast, battery-powered forklifts, when fully charged, can operate for approximately 7-9 hours. However, in cold or frozen temperatures, their functioning time can decline by approximately 40%-60%. Lead-acid batteries can lose 25% to 50% of their output, while lithium-ion batteries can lose up to 20% of their performance. Hydrogen fuel cell technology, which generates combustion-free energy through an electrochemical reaction, producing electricity, heat, and water as byproducts, offers a reliable and efficient solution for cold chain logistics operations. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Meat and seafood
  • Dairy and frozen desserts
  • Fruits vegetables and beverages
  • Bakery and confectionary
• Type
  • Warehouse
  • Transportation
• End-user
  • Retail
  • Food service
  • E-commerce
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising consumption of frozen food
• Need to reduce food wastage
• Growth of organized retail sector in APAC

However, the market also witnesses some limitations, which are as follows:

• High cost involved in building and operating cold chains
• Seasonal demand for refrigerated products leads to capacity-related issues
• Underdeveloped infrastructure and non-adoption of new technology in cold chain logistics in developing economies

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Market Scope in Food And Beverage Cold Chain Logistics Market Research Report

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Research Analysis Overview

The Food and Beverage Cold Chain Logistics Market encompasses the transportation and storage of temperature-sensitive goods, including meat, seafood, frozen foods, and beverages, using advanced cold chain technology to ensure food safety and maintain freshness and quality. International trade and online retailing have increased the demand for controlled environments, leading to the expansion of warehouses and the use of advanced containers. The supply chain involves transporting goods in a temperature-controlled environment using fuel cell-based forklifts, IoT technology for real-time monitoring, and e-commerce and food delivery services for seamless distribution.

Market Research Overview

The Food and Beverage Cold Chain Logistics Market encompasses the revenue generated by businesses offering temperature-controlled storage, transport, and technology solutions. This market's size is determined by Technavio based on the revenues of companies specializing in cold chain logistics, which includes temperature-controlled packaging, refrigerated trucks, and cold storage facilities. Factors driving market growth include the rise of international trade, increasing demand for organic food, and the integration of cold chain technology in online retailing. Additionally, advancements in temperature-controlled packaging solutions, the implementation of blockchain technology for food safety, and the expansion of refrigerated truck fleets contribute to market expansion. Cross-border e-commerce activities, fueled by the convenience and accessibility of online shopping, further boost market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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