Perishable Goods Sea Transportation Global Market Insights: Growth Drivers, Size & Forecasts to 2029

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What Is the Forecasted Market Growth Rate of the Perishable Goods Sea Transportation Industry?
The marine transportation market for perishable goods has seen robust growth in recent years. The market size is projected to expand from $2.06 billion in 2024 to $2.2 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.0%. Factors such as the globalization of supply chains, escalating demand for fresh and frozen foods, stringent safety and quality standards, increased consumption of exotic foods, governmental export support initiatives, and the rising prominence of cold chain logistics have all contributed to the growth experienced in the historic period.

How Will the Perishable Goods Sea Transportation Market Size Evolve From 2025 to 2029?
In the coming years, the market size for sea transportation of perishable goods is anticipated to experience substantial growth, projecting a rise to $3.03 billion by 2029 at a compound annual growth rate (CAGR) of 8.3%. The growth expected in this period can be linked to developments such as changing consumer taste for fresh produce, expansion of emerging markets, the development of improved packaging techniques, global initiatives to decrease food waste, and an increasing demand for organic and locally sourced products. The forecast period will also see key trends like integration of technology, the trend of direct-to-consumer, deploying digital platforms for booking and tracking, strategies for risk reduction, the utilization of intelligent technologies in cold chain management, and the incorporation of real-time monitoring systems.

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What Are the Main Growth Drivers in the Perishable Goods Sea Transportation Market Today?
The global increase in demand for processed food is anticipated to spur the growth of the perishable goods sea transportation market. This terminology refers to any type of food item that has undergone some form of modification from its original state during its preparation such as cooking, freezing, canning, heating, pasteurizing, drying, dehydrating, mixing, baking, washing, and packaging. The transportation of these processed foods is carried out using cooled carrier ships that are equipped with proper air circulation systems to maintain the food freshness. For instance, Soocial, a US-based company specializing in slogans, premium domain names, and brand naming, reported in 2022 that one out of every five UK residents consumes ready-made meals weekly. In 2021, North America accounted for a market share of 41.4% in ready-to-eat food. As such, the escalating global demand for processed food is essentially fueling the progress of the perishable goods sea transportation market.

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Which Perishable Goods Sea Transportation Market Segment Is Expected to Lead Through 2029?
The perishable goods sea transportation market covered in this report is segmented -

1) By Type: Domestic Transportation, Outbound Transportation
2) By Order Type: Export, Import
3) By Application: Meat Chicken, Fish And Shellfish, Vegetables And Fruits, Bread Candy And Snacks, Dairy Products And Frozen Desserts, Other Applications

Subsegments:
1) By Domestic Transportation: Inter-Island Transport, Coastal Transport
2) By Outbound Transportation: International Shipping, Cross-Border Transport

Which Market Trends Are Expected to Dominate Perishable Goods Sea Transportation Industry Growth?
The emergence of technological advancements in freight management is a significant trend observed in the perishable goods sea transportation market. Major market players are incorporating these new technologies into their freight management systems, enabling more efficient and smarter transport of perishable goods. The technologies being used include the Internet of Things (IoT), radio frequency identification for improved shipment monitoring, advanced machine learning, and robust security solutions based in the cloud. For instance, Kuehne + Nagel International AG, a transport and logistics company from Switzerland that operates in this market, introduced the Seaexplorer disruption indicator in January 2022. This tool provides insights into disruptions in sea freight, advanced analytics, and trends concerning the current global trade situation. The disruption indicator offers data-based trend information, enhancing the customers' capability to forecast potential future impacts on the supply chain and determine the best response.

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Which Companies Hold the Largest Market Share in the Perishable Goods Sea Transportation Sector?
Major companies operating in the perishable goods sea transportation market include A.P. Moller - Maersk A/S, C.H. Robinson Worldwide Inc., CMA CGM Group, Deutsche Post DHL Group, DSV Panalpina A/S, Kuehne + Nagel International AG, Mitsui O.S.K. Lines Ltd., Orient Overseas Container Line, Schenker AG, Nippon Yusen Kabushiki Kaisha, COSCO Shipping Co. Ltd., Hanson Logistics Ltd., Hapag-Lloyd AG, Hellmann Worldwide Logistics SE and Co KG, MSC Mediterranean Shipping Company S.A., Seatrade Reefer Chartering NV, Seaboard Marine Ltd., Swire Pacific Cold Storage Ltd., ZIM Integrated Shipping Services Ltd., Crowley Maritime Corporation, Hamburg Sud

Where Is the Perishable Goods Sea Transportation Market Experiencing the Highest Growth?
North America was the largest region in the perishable goods sea transportation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the perishable goods sea transportation market report during the forecast period. The regions covered in the perishable goods sea transportation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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