Authored By: Sarah
28 Nov 2023

Is the refrigeration transportation market becoming USD 11.38 Bn industry due to a shift in consumer preferences for dairy products and frozen foods through 2023-2027  

Global demand for refrigerated transportation is increasing as a result of the increased use of chilled items including dairy and frozen meals due to their easy and quick heating capabilities, frozen meals are becoming more and more popular with customers. Furthermore, customers view frozen food as a substitute for canned, fresh, home-cooked meals.

Over the period of 2022 to 2027, the refrigerated transportation market is expected to grow at a compound annual growth rate (CAGR) of 7.46%, followed by USD 34.68 billion revenue expansion. Allen Lund Co. and Bernard KRONE Holding SE and Co. KG,Birkett Freight Solutions, Carrier Global Corp., COSCO SHIPPING Holdings Co. Ltd., Daikin Industries Ltd., Hyundai Motor Co., Knight Swift Transportation Holdings Inc.,Etc. are some leading brands across the world when it comes to refrigerated transportation market

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Snapshot of Refrigerated Transportation Market

Consumers are becoming more interested in consuming frozen meals due to factors including hectic lifestyles. Moreover, the world market for the refrigeration transportation is expanding because to the fast urbanization of the world.

Thus, the necessity for frozen food would boost the global scenario for refrigerated transportation market during the course of the projected period. Learn more about the market dynamics and the aspects that our report's in-depth analysis predicts will have the biggest impact on the market under review.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of 7.46%.

  2. What is the incremental growth of the market?
    The market is expected to grow by USD 34.68 Bn through 2023-2027.

  3. What is a key factor driving this market?
    Rising consumption of frozen food will drive market growth over the forecast period.

  4. What are the key regions covered in this market research report?
    APAC, North America, Europe, South America, and Middle East and Africa are the key regions featured in this research report.

  5. Which is the leading geographic region for this market:
    43% growth will originate from APAC

  6. What are the market segments covered in this report?
    The market is segmented by Mode Of Transportation (Land, Waterways, and Airways), Application (Chilled food and Frozen food), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)
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