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Perishable Goods Transportation Market Size, Top key Players, Emerging Trends And Production Analysis Report By 2033
Perishable Goods Transportation Market
As per the report, the perishable goods transportation market size has grown strongly in recent years. It will grow from $13.67 billion in 2023 to $14.86 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The perishable goods transportation market size is expected to see strong growth in the next few years. It will grow to $20.41 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%.
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Growing Demand For Processed Food Drives Perishable Goods Transport Market
The rising demand for processed food is expected to propel the growth of the perishable goods transportation market going forward. Processed food refers to food products that have been through a series of mechanical and chemical operations to produce a final product. They are foods that are usually packaged in boxes. Most processed foods are perishable goods that have to be transported quickly and at a certain temperature. Perishable goods transportation is used to transport processed food in refrigerated ships with air circulation systems to ensure the food's freshness. For instance, in 2022, according to an article shared by Soocial, a US-based branding firm specializing in slogans, premium domain names, and brand naming, nearly 36% of Americans consumed ready-to-eat meals in 2020. One in every five people in the UK consumes prepared meals every week. The market share for ready-to-eat food in North America was 41.4% last year. Therefore, the rising demand for processed food is driving the growth of the perishable goods transportation market.
Product Innovations Redefining Perishable Goods Transport Market
Product innovations are a key trend gaining popularity in the perishable goods transportation market. Major companies operating in the perishable goods transportation market are focused on developing new technological solutions to strengthen their position. For instance, in September 2022, PBX GmbH, an Austrian-based start-up developer, producer, and marketer of transport refrigeration solutions, launched the first refrigeration unit for electric vehicles, the """"Ecos M24."""" It is the first market-ready propane solution for transport refrigeration. The unique feature of this unit is that it is completely electric, hermetic, and has zero emissions. The unit can transport temperature-sensitive perishable goods to their destination reliably and without the emission of any CO2.
The perishable good transport market covered in this report is segmented -
1) By Product: Meat, Fish and Seafood, Dairy and Frozen Desserts, Vegetables and Fruits, Bakery and Confectionary
2) By Technology: Isothermal, Reefer, Freezer
3) By Mode of Transportation: Sea, Air, Rail, Road
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Major companies operating in the perishable goods transportation market report are UPS Healthcare Logistics Inc., DHL Global Forwarding, Maersk Line Limited, Hapag-Lloyd AG, C. H. Robinson Worldwide Inc., The Nippon Yusen Kabushiki Kaisha- NYK Line, Mitsui O.S.K. Lines Ltd., Kawasaki Kisen Kaisha Ltd., Ingersoll Rand Ltd., Orient Overseas Container Line (OOCL) Ltd., Specialized Logistics International Inc., CRST International Inc., Weber Distribution LLC, Wincanton plc, Northland Services Inc., Stevens Transport Inc., COSCO Shipping Lines Co Ltd., VersaCold Logistics Services, Bay & Bay Transfer Co Inc., Tropical Foods International Inc., Swift Cargo Pvt Ltd., Geest Line Limited, Africa Express Line Limited, Hanson Logistics Ltd., FST Logisitics, Maestro Reefers A/S, Compañía Sudamericana de Vapores S.A. (CSAV), Kyowa Shipping Co Ltd., Transcargo Logistics
Contents of the report:
1. Executive Summary
2. Perishable Goods Transportation Market Report Structure
3. Perishable Goods Transportation Market Trends And Strategies
4. Perishable Goods Transportation Market - Macro Economic Scenario
5. Perishable Goods Transportation Market Size And Growth
…..
27. Perishable Goods Transportation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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