Food Cold Chain Market - Growth, Trends and Forecasts (2018 - 2023)
|出版商||Mordor Intelligence LLP||商品編碼||572777|
|出版日期||內容資訊||英文 120 Pages
|全球低溫運輸市場:成長，趨勢，及預測(2017年∼2022年) Food Cold Chain Market - Growth, Trends and Forecasts (2018 - 2023)|
|出版日期: 2018年03月01日||內容資訊: 英文 120 Pages||
The global food cold chain market is expected to grow at an estimated CAGR of 13.2% during the forecast period (2018-2023).
Thermo King has launched SLXi single- and multi-temperature trailer in the cold chain market, which is a new Hybrid Drive Trailer and based on Frigoblock inverter technology of new generation.
The major driver for food cold chain market includes all the initiatives taken by governments at global and regional level for the development of cold chain infrastructure. The expansion of food trade across the continents has increased the necessity for cold chain development through each level of food supply chain. Raw material, processed food, packaged food, and other material are highly dependent on cold chain process to maintain quality and long shelf-life of products. This market scenario puts immense pressure on food suppliers, manufactures, distributors, retailers and franchise owners, to go for vertical integration with the cold chain developers. Along with developed economies, the emerging economies are investing heavily in cold chain logistics, operations and developments. The developing economies in regions such as Asia-Pacific, and Africa still have underdeveloped infrastructure facilities in the rural areas, owing to lack of funds which somehow restraints the food cold chain market.
The cold chain service providers are targeting on the adoption of cutting-edge technologies to ensure food safety in convenience and processed foods. Hence, the cold chain is perceived as one of the top choices for business in the upcoming years, which reflects potential opportunity for food cold chain market.
By product type, the global food cold chain market can be segmented into storage, transportation, and monitoring component. Land transportation by cars or trucks is the most common mode of food transport. It accounts for a major share in the market, due to its low cost and supply at short distances. Countries, such as the United Kingdom are estimated to have more than 90% of the food transported by land. Air transport market is growing at a faster rate, driven by the growth in trade of perishable food products. Sea transportation is generally undertaken in specialized vessels or refrigerated containers.
By temperature type, the market can be categorized into chilled and frozen. Among Asian economies and developing markets, e-commerce has an outsized impact on the delivery of retail products, including fresh and prepared foods. The increased e-commerce is driving the sale of temperature sensitive food products.
By application, the food cold chain market can categorized into fruits/vegetables, meat/seafood, dairy and frozen dessert, bakery & confectionery, ready-to-eat meals, and others. Among all, the demand for the cold chain is expected to be higher in meat/seafood, and fruits & vegetable over the forecast period.
Emerging economies, such as China, India, Brazil, Mexico, South Africa, Argentina, and the Middle Eastern countries, are rapidly growing as a consumer-led economy. These economies are with huge consumer population, warmer climate and so, provide a significant contribution in global food trade. Hence the cold chain development rate is much higher in these economies. These regions have huge opportunities to expand in overall cold chain developments. Among developed regions, Europe is the most lucrative market, which is followed by North America. The refrigerated transport in the United States is expected to record a CAGR of 11.8% during the forecast period.
MAJOR PLAYERS: AMERICOLD LOGISTICS LLC, VERSACOLD LOGISTICS, MILLARD REFRIGERATED SERVICES, NICHIREI LOGISTICS GROUP INC, MUK LOGISTICS GMBH, NORDIC COLD STORAGE LLC, SWIRE COLD STORAGE, GRUPPO MARCONI LOGISTICA, LINEAGE LOGISTICS, VERSACOLD, PENSKE LOGISTICS and MD LOGISTICS, amongst others.
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