Global Perishable Goods Transportation Market Worth $21.85 Billion by 2029, Growing at 8.6% CAGR

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Perishable Goods Transportation Market Outlook: What Size And CAGR Are Anticipated By 2025?
The market for the transport of perishable goods has seen significant growth in the past few years. This market is set to increase from $14.6 billion in 2024 to $15.71 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.6%. The factors fueling this growth during the historical period include the global spread of the food supply chain, an escalation in consumer demand for fresh products, the development of the refrigerated logistics infrastructure, rigid regulations, and high-quality standards, as well as the rising trade in perishable items.

What Is the Expected CAGR for the Perishable Goods Transportation Market Growth Through 2029?
The transport market for perishable items is forecasted to experience substantial growth in the coming years, reaching $21.85 billion in 2029 with a compound annual growth rate (CAGR) of 8.6%. This upwards trajectory during the prediction period can be linked to factors like the steady increase in global food commerce, a concentration on sustainable practices and ecological benchmarks, advancements in cool chain management technology, e-commerce and direct-to-consumer tendencies, public health apprehensions, and traceability. The prediction period will also see notable trends such as stringent regulatory compliance obligations, partnerships for optimizing cool chain logistics, heightened demand for end-line delivery solutions, the emergence of data analytics for foresight, and the increasing globalization of the perishable goods industry.

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What Are the Primary Drivers Behind Perishable Goods Transportation Market Growth?
The growing preference for processed food is anticipated to boost the expansion of the perishable goods transportation market. Processed food implies food items that have undergone a range of mechanical and chemical procedures to yield an end product, typically packaged in boxes. The majority of processed foods are perishable items that need to be swiftly transported under specific temperatures. Refrigerated vessels with air circulation systems are utilized to carry processed food, maintaining its freshness. For instance, as per the Food Tank, a non-profit entity in the U.S., in November 2022, 73 percent of the U.S. food supply was ultra-processed, and these ultra-processed foods were, on average, 52 percent less costly than their less processed equivalents. Hence, the escalating demand for processed food is advancing the augmenting growth of the perishable goods transportation market.

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What Are the Key Segments Driving Perishable Goods Transportation Market Growth?
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

What Are the Technological Trends Impacting the Perishable Goods Transportation Market?
The emergence of product innovations is a significant trend taking root in the perishable goods transportation sector. Major players in this industry are vested in the creation of innovative technological solutions to solidify their standing. To illustrate, in September 2022, PBX GmbH, a start-up hailing from Austria specialising in the development, production, and marketing of transport refrigeration solutions, unveiled its first refrigeration system for electric vehicles, the Ecos M24. This breakthrough system is the pioneering market-ready propane solution for transport refrigeration. Its unique traits lie in its fully electric nature, having hermetic features, and zero emissions. This unit can transport temperature-sensitive goods reliably to their intended locations with no CO2 emissions.

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Who Are the Major Competitors in the Global 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 Region Dominates the Perishable Goods Transportation Market Share in 2025?
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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