The refrigerated transport market is projected to reach US$ 25.88 billion by 2028. The increasing focus on health and food safety and the surge in e-commerce sales drives this growth.
Renub Research has recently published a report named “Refrigerated Transport Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” providing a detailed industry analysis that consists of market share insights. Furthermore, the report studies competitors and regions and the recent Refrigerated Transport Market growth.
The refrigerated delivery market is predicted to reach US$ 17.87 billion by 2023 due to the accelerated demand for refrigerated shipping logistics provider vendors from the foods and pharmaceutical industries. Logistics carrier companies are continuously increasing their capability for refrigeration within the supply chain to keep up with industry tendencies. Refrigerated shipping vehicles are particularly designed to hold a particular temperature range, normally between -20°C and 8°C. They are prepared with refrigeration units, insulation, and temperature tracking systems to make certain the goods stay on the favored temperature throughout transit.
The refrigerated transport industry has a promising future due to the growing demand for its services and advancements in technologies and systems. The demand for health foods and products, such as probiotic supplements, kefir, and kombucha, is rising. The efficient movement of these products depends on developing a digitized, highly efficient, and globalized cold chain industry.
The refrigerated shipping enterprise has a promising future because of the growing demand for its offerings and improvements in technologies and systems. The demand for health foods and products, along with probiotic dietary supplements, kefir, and kombucha, is growing. The efficient movement of those products relies upon on developing a digitized, particularly green, and globalized bloodless chain industry.
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The chilled food market will see a high growth rate in the refrigerated transport industry
The refrigerated transport industry is expected to grow significantly due to the increasing demand for perishable food products. The rise in population, changes in dietary habits, and the growing number of supermarkets worldwide are expected to drive the demand for chilled food products further. Developing nations are experiencing significant growth in the market for dairy products, beverages, fresh fruits, bakery, and confectionery items. The refrigerated transport industry is expected to witness a high growth rate.
Products – Market breakup from 2 Viewpoints:
1. Chilled
2. Frozen
The refrigerated transport industry is poised for significant growth, thanks to the increasing availability of low-cost options in sea transport.
Sea transport is becoming popular for refrigerated goods due to its cost-effectiveness and advanced technologies. The emerging trends include:
- Increased containerization.
- Advanced refrigeration technologies.
- Eco-friendly shipping solutions.
- Utilization of digital technologies.
Mode of Transport – Market breakup from 3 Viewpoints:
1. Road Transport
2. Sea Transport
3. Air Transport
Eutectic devices have emerged as a popular choice for ensuring that refrigerated transportation maintains a steady temperature
Eutectic devices are increasingly used in refrigerated transport to maintain consistent temperatures for perishable goods, preventing spoilage and prolonging shelf life. With the growing demand for fresh food and pharmaceuticals, their use is crucial, leading to a significant surge in their market share.
Technology – Market breakup from 3 viewpoints:
1. Air Blown Evaporators
2. Eutectic Devices
3. Vapor Compressor Systems
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The reefer transport industry worldwide is expected to be dominated by fish, meat, and seafood products
Refrigerated transport is vital for the safe transportation of temperature-sensitive goods. The complex process ensures that perishable products are transported without compromising quality or safety. The built-in temperature control system in refrigerated transport is highly beneficial for industries relying on this method. Governments worldwide are taking initiatives to improve infrastructure and technology, reducing losses caused by spoilage of fruits and vegetables.
End Users – Market breakup of 8 Sectors
1. Fruits & Vegetable
2. Fruit pulp & Concentrates
3. Dairy Products
4. Fish, Meat and Seafood
5. Processed Food
6. Pharmaceuticals
7. Bakery & Confectionary
8. Others
The Asia Pacific is a crucial player in the refrigerated transport industry with a growing market for temperature-controlled logistics
The refrigerated transport industry in Asia Pacific is increasing due to the region’s fast-growing economies and large population, particularly in China and India. The demand for refrigerated transport services is high for perishable goods such as fruits, vegetables, dairy, and meat. The rise of e-commerce sales in Asia Pacific is driving the demand for temperature-controlled logistics services. Regional companies are investing in advanced technologies and infrastructure to meet the demand, improve operational efficiency, and meet regulatory standards.
Region – Market Breakup of 5 Regions
1. North America
2. Europe
3. Asia Pacific
4. Rest of the world
Key Company
Major global players include General Mills, CONAGRA BRANDS, Kraft Heinz, Associated British Foods Plc, Knight-Swift Transportation, Daikin Industries, Krone Commercial Vehicle Group, and FedEx Corporation.
The company has been covered from 3 Viewpoints:
• Overview
• Recent Development
• Revenue
Company Analysis:
1. General Mills
2. CONAGRA BRANDS
3. Kraft Heinz
4. Associated British Foods Plc.
5. Knight-Swift Transportation
6. Daikin Industries
7. Krone Commercial Vehicle Group
8. FedEx Corporation
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