Authored By: Sarah
11 Jul 2024

 Perishable Goods Transportation Market Size to grow by USD 9230.5 million between 2024-2028

According to a research report “ Perishable Goods Transportation Market” by Product (MPS, Dairy, Fruits and vegetables, Bakery and confectionery) Mode Of Transportation (Road transportation, Air transportation, Others) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 9230.5 million, at a CAGR of  8.8% during the forecast period. The global market for perishable goods transportation, particularly in the processed food sector, has experienced substantial growth due to evolving consumer preferences and trends. With increasing urbanization and a growing global population estimated at 1% annual growth as of 2022, the demand for convenient and health-conscious food options has surged. Processed food categories, including breakfast cereals, dairy products, meat, poultry, and vegetables, have gained popularity among consumers, driven by their desire to experiment with diverse food offerings, regardless of cost. The rise in disposable income has further fueled this trend, leading to increased demand for perishable goods transportation services.

Browse market data tables, figures, and in-depth TOC on “Perishable Goods Transportation Market” by Product (MPS, Dairy, Fruits and vegetables, Bakery and confectionery) Mode Of Transportation (Road transportation, Air transportation, Others) Geography (North America, Europe, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Product, the MPS segment is projected to dominate the market size in 2024

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By Mode Of Transportation, Road transportation  segment is expected to hold the largest market size for the year 2024

The global meat market has experienced substantial growth, with production reaching 347 million tonnes in carcass weight equivalent in 2022. By 2032, global consumption of poultry, pig meat, beef, and sheep meat is projected to expand by 15%, 11%, 10%, and 15% respectively. Poultry meat is anticipated to dominate the market, accounting for approximately 41% of the total protein consumption from all meat sources. Key growth markets include the United States, Brazil, and China, as well as emerging economies such as India, Pakistan, the Philippines, Vietnam, and the Sub-Saharan region of Africa, where the increase in meat consumption volume is expected to be particularly significant.

North America is forecasted to hold the largest market size by region in 2024

The Perishable Goods Transportation Market encompasses the global trade of time-sensitive commodities, requiring specialized logistics solutions to maintain their quality and freshness. This market is characterized by stringent regulations, increasing consumer demand for fresh produce, and technological advancements in cold chain infrastructure. Key players are focusing on innovation and sustainability to meet the evolving needs of this sector.

The Perishable Goods Transportation Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • AP Moller Maersk AS
  • Bay and Bay Transportation
  • C H Robinson Worldwide Inc.
  • CMA CGM SA Group
  • Columbian Logistics Network
  • Compagnie Fruitiere
  • COSCO Shipping International Co. Ltd.
  • CRST The Transportation Solution Inc.
  • Deutsche Bahn AG
  • Deutsche Post AG
  • FST Logistics
  • Hapag Lloyd AG
  • Hellmann Worldwide Logistics SE and Co KG
  • Kuehne Nagel Management AG
  • Lineage Logistics Holdings LLC
  • Mitsui and Co. Ltd.
  • Orient Overseas Container Line Ltd.
  • Swift Cargo Pvt. Ltd.
  • VersaCold Logistics Services
  • Wincanton Plc
.

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Research Analysis Overview

The Perishable Goods Transportation Market is experiencing significant growth due to increasing health consciousness and consumer preferences for fresh food. Refrigerated transportation, temperature-controlled infrastructure, and sustainable practices are key drivers in this industry. Quality assurance is paramount, with temperature-sensitive products like flowers, bakery goods, dairy products, seafood, poultry, meats, vegetables, fruits, and moisture-sensitive items requiring specific temperature ranges to maintain their freshness and quality. Technology plays a crucial role in perishable goods transportation, with advancements in refrigerated trucks, reefer containers, and sea freights using temperature-controlled containers. Air cargo is also an option for quick and efficient transportation of perishable goods, especially for long-distance shipments. Regulations and infrastructure developments are essential in ensuring the safe and efficient transportation of perishable goods. Couriers and processors must adhere to strict regulations to maintain food safety and quality. Sustainable practices, such as reducing carbon emissions and using renewable energy sources, are becoming increasingly important in the perishable goods transportation industry. Overall, the market for perishable goods transportation is expected to continue growing as consumer demand for fresh, high-quality products increases.

Market Research Overview

The Perishable Goods Transportation Market is experiencing significant growth due to the increasing trend of health-conscious diets and consumer preferences for fresh and high-quality chilled food products, frozen food, and other temperature-sensitive items. Advanced technology-based solutions, such as RFID tracking systems and digital platforms, are being adopted to ensure food safety, quality assurance, and efficient service in the transportation of perishable goods. The market is driven by the growth of e-commerce, meal delivery services, and online supermarkets, which require temperature-controlled transportation infrastructure, including refrigerated trucks, sea freights, and air cargo, to maintain the freshness and shelf-life of perishable goods. Sustainable practices, such as green transportation, eco-friendly vehicles, and carbon footprint reduction, are also gaining importance in the market. Key players in the market include couriers, processors, and specialized carriers, who are investing in temperature-controlled transportation equipment and cold-chain infrastructure to meet the growing demand for perishable goods transportation. The market is also subject to regulations and food safety concerns, making it essential for companies to prioritize product quality, food safety, and efficient service to ensure customer satisfaction and profitability. Perishable goods transportation includes a wide range of products, such as fresh fruits, breakfast cereals, canned vegetables, frozen meat, ready-to-eat meals, processed food, flowers, bakery goods, dairy products, seafood, poultry, meats, vegetables, fruits, moisture-sensitive products, and temperature-sensitive products. The market is expected to continue growing due to economic growth and the increasing demand for long-distance trade, while minimizing wastages, damages, spoilage, and foodborne illnesses.

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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