NEW
YORK, July 5, 2024 /PRNewswire/ -- The
global perishable goods transportation market size is
estimated to grow by USD
9.23 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 8.8%
during the forecast period. Rising demand for processed
food is driving market growth, with a trend
towards adoption of eco-friendly vehicles for transportation
of perishable goods. However, safety issues of perishable
goods poses a challenge. Key market players include 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, and Wincanton
Plc.
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segments, customer landscape, and companies- View the
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Perishable Goods
Transportation Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
8.8%
|
Market growth
2024-2028
|
USD 9230.5
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
7.49
|
Regional
analysis
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 35%
|
Key
countries
|
US, China, Germany, UK,
and India
|
Key companies
profiled
|
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, and Wincanton Plc
|
Market Driver
In response to growing environmental concerns, there is a rising
trend among shippers to select vendors with minimal carbon
emissions in the perishable goods transportation market. Companies
like DB Schenker and DHL are spearheading this initiative,
transitioning towards the Go Green concept by reducing their carbon
footprint through the use of eco-friendly electric vehicles powered
by renewable energy. XPO Logistics, with Europe's largest natural gas truck fleet, and
DHL's focus on decreasing reliance on fossil fuels in favor of
natural gases, are leading the way in green logistics. This
approach includes fleet management, green storage and packaging,
logistics environment management, alternative fuel implementation,
green transportation, and logistics innovation. These actions are
expected to boost the adoption of green logistics in the perishable
goods transportation sector, driving market growth during the
forecast period.
Perishable goods transportation is a vital sector that ensures
the timely and safe delivery of temperature-sensitive products like
fresh food, fruits, vegetables, meats, poultry, seafood, dairy
products, bakery goods, flowers, and other temperature- and
moisture-sensitive items. Current trends include stricter
regulations to maintain food safety and quality. Technology plays a
significant role with RFID tracking systems and advanced
technology-based solutions in temperature-controlled containers.
Infrastructure developments, such as refrigerated trucks and reefer
containers, facilitate efficient transportation via air cargo and
sea freights. Consumer preferences for healthier diets, freshness,
and convenience drive growth in online supermarkets, meal kits, and
meal delivery services. Sustainable practices and e-commerce
platforms are also key trends, with the internet and digital
platforms enabling seamless ordering and delivery. Overall, the
market prioritizes quality assurance and temperature control to
meet the demands of health-conscious consumers.
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Market Challenges
- Perishable goods transportation involves handling sensitive
items that are prone to damage and spoilage. To maintain food
safety and product quality, these goods must be cooled before
transferring to refrigerated trailers or reefers. Direct transfers
without cooling can negatively impact the product. Reefers require
regular maintenance and sanitization to ensure hygienic conditions.
The FDA's 2016 rule mandates documented sanitary practices for food
transport, with earlier regulations including the Sanitary Food
Transportation Act (2005) and the Food Safety Modernization Act
(2011). Temperature regulations exist for various categories of
perishable goods. Compliance with these regulations is crucial to
prevent food safety issues and ensure market growth.
- The perishable goods transportation market encompasses the
movement of temperature-sensitive and moisture-sensitive products,
including fruits, vegetables, meats, poultry, seafood, dairy
products, bakery goods, flowers, and others. These goods require
specialized handling to maintain product quality, safety, and
shelf-life. Challenges include spoilage, damage, and degradation,
which can lead to foodborne illnesses and wastages. Refrigerated
trucks, reefer containers, air cargo, and sea freights are common
transportation methods. Cost-effective and efficient services are
essential for long-distance trade to ensure customer satisfaction
and profit. Processors, couriers, and specialized carriers rely on
cold-chain infrastructure, refrigerated transportation equipment,
and eco-friendly vehicles like electric vehicles to reduce carbon
footprint and promote green transportation. Food safety regulations
are crucial to prevent spoilage and maintain product quality
throughout the supply chain.
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Segment Overview
This perishable goods transportation market report extensively
covers market segmentation by
- Product
- 1.1 MPS
- 1.2 Dairy
- 1.3 Fruits and vegetables
- 1.4 Bakery and confectionery
- Mode Of Transportation
- 2.1 Road transportation
- 2.2 Air transportation
- 2.3 Others
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 MPS- The global meat production and consumption
have seen substantial growth, with meat production reaching 347
million tonnes in carcass weight equivalent in 2022. By 2032, the
consumption of poultry, pig meat, beef, and sheep meat is projected
to increase by 15%, 11%, 10%, and 15% respectively. Poultry meat is
expected to dominate the market, accounting for 41% of total
protein consumption from all meat sources. The demand for
perishable goods transportation is anticipated to rise due to the
increasing consumption in countries like India, Pakistan, the
Philippines, Vietnam, and
the Sub-Saharan region of Africa.
Additionally, global apparent food fish consumption is projected to
reach 21.2 kilograms per capita by 2032, driven by the growing
awareness of its health benefits. Seafood's rich nutritional value,
including omega-3 acids, proteins, and essential vitamins, is
fueling this demand. As a result, the Meat, Poultry, Seafood (MPS)
segment of the global perishable goods transportation market is
poised for growth during the forecast period.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The Perishable Goods Transportation Market encompasses the
transport of temperature-sensitive and moisture-sensitive products,
including fruits, vegetables, meats, poultry, seafood, dairy
products, bakery goods, flowers, and other fresh food items.
Refrigerated trucks, reefer containers, air cargo, and sea freights
are the primary modes of transportation used to maintain the
required temperature and humidity levels. Processors, couriers, and
infrastructure developments play a crucial role in ensuring the
quality and freshness of these perishable goods. Regulations,
technology, and sustainable practices are key considerations in the
perishable goods transportation industry. Consumer preferences for
fresh food and health consciousness have driven the demand for
temperature-controlled transportation and advanced logistics
solutions.
Market Research Overview
Perishable goods transportation refers to the movement of
temperature-sensitive and moisture-sensitive products, including
fruits, vegetables, meats, poultry, seafood, dairy products, bakery
goods, flowers, and other food items. These goods require
specialized handling and transportation methods to maintain their
quality, safety, shelf-life, and prevent spoilage, damage, and
degradation. Refrigerated trucks, reefer containers, air cargo, and
sea freights are common modes of transportation used for perishable
goods. Product quality, safety, and customer satisfaction are key
considerations in perishable goods transportation. Long-distance
trade and economic growth are significant drivers of this market.
Processed food, ready-to-eat meals, frozen meat, canned vegetables,
breakfast cereals, and fresh fruits are also transported using
perishable goods transportation methods. Sustainable practices,
such as the use of electric vehicles (EVs) and eco-friendly
transportation, are gaining popularity to reduce the carbon
footprint and promote green transportation. Cold-chain
infrastructure, food safety, and regulations are crucial aspects of
the perishable goods transportation industry. Specialized carriers,
transportation equipment, processors, couriers, and technology play
a vital role in ensuring efficient and cost-effective services.
Infrastructure developments, temperature-controlled transportation,
and sustainable practices are shaping the future of perishable
goods transportation. Consumer preferences for health-conscious
diets, online supermarkets, delivery services, meal kits, meal
delivery services, e-commerce, and digital platforms are driving
the demand for advanced technology-based solutions, such as RFID
tracking systems and temperature-controlled containers, to ensure
the quality and freshness of perishable goods.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- 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
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
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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