Refrigerated Transport Market Research
Report Size, Analysis & Global Forecast - 2022-2029

The Refrigerated Transport Market was
valued USD 101.3 billion in 2021, and Projected to Reach USD 171.5 billion in
2029 | Expanding
at a CAGR of 6.8% from 2022-2029

The factors driving the growth of
Refrigerated Transport Market includes growing demand for frozen food products,
expansion of the cold chain industry, rising prevalence of foodborne diseases
and disorders such as abdominal pain, vomiting and increase in the number of quick
service restaurants around the world. According to the report published by
Bloomberg, the Global Frozen Food Market is estimated to reach USD 278.47
billion by the end of 2030, exhibiting a CAGR of 5.2% over the forecast period
(2022-2030), which will accelerate the Refrigerated
Transport Market size in the approaching years. Moreover, easy
availability of ready-to-eat and precooked meals at supermarkets and
hypermarkets and increasing focus by manufacturers on developing technologies to
reduce the impact of carbon emissions, are some of the additional factors
supplementing the market growth. In addition, rise in the launch of innovative
products, strategic partnerships between industry players, increasing
investments by leading companies on research and development and rapid
urbanization, are further contributing towards the market growth.

However, growth of the Refrigerated
Transport Market is hindered attributed to high energy and maintenance costs.

The major players operating in the market
are Smithfield Foods, Kellogg Company, Conagra Brands, Nestle, Tyson Foods, The
Kraft Heinz Company, Kerry, Del Monte Pacific, General Mills, and Aryzta, among
others.

Based on Application, the Frozen Food segment is predicted to capture the
largest market share during the forecast period

Growing demand for ready-to-eat and
convenience food products across the globe, is pushing growth of the segment.

Based on Mode of Transportation, the Road segment is projected to hold
the highest market share over the forecast period

Growing demand for home delivery services
and expansion of the food service industry, are propelling growth of the
segment.

Based on Region, the Asia-Pacific region is anticipated to expand at a
remarkable CAGR during the forecast period

As per the Refrigerated Transport Market
Outlook, growing popularity of frozen food products, rising focus by
Governments on reducing the cost of logistics, rapid urbanization, increasing
per capita incomes and high population growth rates, are some of the important
factors augmenting the market growth in Asia-Pacific region.

Key Developments

·        
In 2019, Nestle introduced YES!
snack bars, which supports recyclable paper packaging used in the confectionery
industry.

·        
In 2019, The Kraft Heinz
Company partnered with Indo Nissin Foods, to increase the presence of its
products in modern trade, retail, government channels, and online stores.

·        
In 2019, The Kraft Heinz
Company partnered with the Oprah Winfrey to extend its product line i.e., O,
That’s Good! Frozen Skillet meals.

·        
In 2018, Conagra Brands
completed the acquisition of Pinnacle Foods to extend its portfolio in the
frozen food and snacks categories.

Market Segmentation

Segmentation
by Application

·        
Chilled food

·        
Milk

·        
Dairy Products

·        
Beverages

·        
Others

·        
Frozen food

·        
Frozen Dairy Products

·        
Fish & Seafood

·        
Processed Meat

·        
Others

Segmentation
by Technology

·        
Vapor Compression Systems

·        
Cryogenic Systems

Segmentation
by Temperature

·        
Single-temperature

·        
Multi-temperature

Segmentation
by Mode of Transportation

·        
Road

·        
Sea

·        
Rail

·        
Air

Segmentation
by Vehicle Type

·        
LCV

·        
MHCV

·        
HCV

Segmentation by
Region

·        
Asia Pacific

o  
China

o  
Japan

o  
India

o  
Rest of APAC

·        
North America

o  
United States of America

o  
Canada

·        
Europe

o  
United Kingdom

o  
Germany

o  
France

o  
Spain

o  
Rest of Europe

·        
RoW

o  
Brazil

o  
South Africa

o  
Saudi Arabia

o  
UAE

About GMI Research

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Research is a market research and consulting firm which provides market
insights and intelligence across 12 major sectors helping our clients in making
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