Perishable Goods Transportation Market Trends That Will Shape the Next Decade: Insights from Product Innovations Redefining Perishable Goods Transport Market

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How Large Will the Perishable Goods Transportation Market Size By 2025?
The market size of perishable goods transportation has experienced considerable growth over the recent years. The market is projected to expand from $14.6 billion in 2024 to $15.8 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.2%. Factors such as the globalisation of the food supply chain, escalating consumer demand for fresh produce, the development of cold chain infrastructure, tight regulations and quality standards, and the increased trading of perishable commodities have contributed to the growth seen in the historic period.

How Big Is the Perishable Goods Transportation Market Size Expected to Grow by 2029?
Expectations are high for strong expansion in the perishable goods transportation market size in the years to come. A growth target of $22.07 billion by 2029 has been established, with a compound annual growth rate (CAGR) of 8.7%. This projected growth in the forecast period is linked with the ongoing global food trade growth, emphasis on environmental standards and sustainability, advancements in cold chain management technology, trends in e-commerce and direct-to-consumer transactions, as well as public health issues and the need for traceability. Noteworthy trends during the forecast period include rigorous requirements for regulatory compliance, partnerships for the optimization of cold chain logistics, a rising demand for last-mile delivery solutions, the emergence of data analytics for predictive intelligence, and the continued globalization of the perishable goods trade.

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Which Key Market Drivers Powering Perishable Goods Transportation Market Expansion and Growth?
The increasing popularity of processed food is projected to boost the evolution of the perishable goods transportation market in the future. Processed foods are those which undergo various mechanical and chemical procedures in order to achieve their final form and are typically packaged in boxes. The majority of these foods come under perishable goods that need to be shipped rapidly and under a specific temperature. The transportation of perishable goods is carried out using refrigerated vessels equipped with air circulation systems to maintain the freshness of the food. As reported by the Food Tank, a non-profit organization based in the U.S, in November 2022, 73 percent of America's food supply is highly processed. Additionally, on average, these ultra-processed foods are 52 percent lower in cost compared to their less processed equivalents. Hence, the surging demand for processed food is a significant factor contributing to the expansion of the perishable goods transportation market.

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Which Fast-Growing Trends Are Poised to Disrupt the Perishable Goods Transportation Market?
The emergence of product innovations is a key trend that is gaining traction within the perishable goods transportation market. Major industry players are focused on the creation of new technological advancements to enhance their market standing. For instance, PBX GmbH, a start-up from Austria that develops, manufactures, and markets transport refrigeration solutions, introduced the first ever refrigeration unit for electric vehicles, labeled the "Ecos M24" in September 2022. This market-ready propane solution for transport refrigeration is distinct because it is entirely powered by electricity, hermetic, and produces no emissions. The unit is perfectly suited to the reliable and emission-free transport of temperature-sensitive perishable goods.

What Are the Emerging Segments in the Perishable Goods Transportation Market?
The perishable goods transportation 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

Subsegments:
1) By Meat: Fresh Meat, Processed Meat, Fish and Seafood
2) By Fish and Seafood: Fresh Fish, Frozen Fish, Shellfish
3) By Dairy And Frozen Desserts: Milk and Cream, Cheese, Yogurt, Ice Cream
4) By Vegetables And Fruits: Fresh Vegetables, Fresh Fruits
5) By Bakery and Confectionery: Breads And Rolls, Pastries, Cakes And Cookies, Chocolates And Candies

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Who Are the Global Leaders in the Perishable Goods Transportation Market?
Major companies operating in the perishable goods transportation market include 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., 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., Swift Cargo Pvt Ltd., Geest Line Limited, Africa Express Line Limited, Hanson Logistics Ltd., FST Logistics, Maestro Reefers A/S, Compañía Sudamericana de Vapores S.A. (CSAV), Kyowa Shipping Co Ltd., Transcargo Logistics

Which are the Top Profitable Regional Markets for the Perishable Goods Transportation Industry?
North America was the largest region in the perishable goods transportation market in 2024. The regions covered in the perishable goods transportation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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