Capstone Logistics

Jan 24, 2023

News provided by Share this article Share this article NEW YORK, Jan. 23, 2023 /PRNewswire/ -- According to Technavio, the global food and beverage cold chain logistics market size is estimated to grow by USD 85,158.51 million from 2022 to 2027. The market is estimated to decline at a CAGR of 10.47% during the forecast period. However, the growth momentum will decelerate. North America will account for 35% of the growth of the global market during the forecast period. Global food and beverage cold chain logistics market - Five Forces The global cloud data warehouse market is fragmented, and the five forces analysis covers–  Bargaining power of buyers  Threat of rivalry Threat of substitutes Global food and beverage cold chain logistics market – Customer Landscape  The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies. Global food and beverage cold chain logistics market - Segmentation Assessment Segment Overview Technavio has segmented the market based on application (Meat and seafood, Dairy and frozen desserts, Fruits vegetables and beverages, and Bakery and confectionary), and type (Warehouse and Transportation). The meat and seafood segment will grow at a significant rate during the forecast period. Products such as meat need to be refrigerated or frozen after processing and before shipment to restrict the growth of pathogens and reduce the chances of spoilage. The high water, protein, and fat content in meat make it perishable. Storing meat at low temperatures can prevent spoiling. Such factors will increase segment growth during the forecast period. Geography Overview By geography, the global food and beverage cold chain logistics market is segmented into North America, APAC, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global food and beverage cold chain logistics market. North America is estimated to account for 35% of the growth of the global market during the forecast period. The import of exotic fruits and vegetables, along with the growing consumption of meat and poultry, in the country has led to the expansion of refrigerated warehouses. The growing demand for these warehouses is also encouraging vendors in the market to expand their cold storage capacities in different regions. These factors will lead to an increase in revenue inflow in the cold chain market in North America during the forecast period, which will also help in boosting the growth of the market in the region. Key factor driving market growth The rising consumption of frozen food is notably driving the market growth. Sales of frozen foods are growing due to the convenience that they offer to consumers in terms of easy and immediate cooking, and these are generally used by consumers as an alternative to fresh and home-cooked food. The convenience that ready-to-eat meals offer to consumers is encouraging the consumption of frozen food, mainly due to factors such as busy lifestyles, among others. In addition, rapid urbanization is also driving the growth of the frozen food market. Hence, the growth of the frozen food industry will drive the global market during the forecast period. Leading trends influencing the market  The rising popularity of blockchain technology to improve traceability in cold chains is an emerging trend in the market. Blockchain technology is basically a series of information that helps in the recording of events that cannot be altered or tampered with. Multiple users can access or add data to the chain but will not be able to change or delete the information that is already present. This technology removes the need for a central authority to maintain records that help the supply chain processes become more efficient and cost-effective. Moreover, the use of blockchains in the cold chain logistics market is gaining popularity for refrigerated products. This is because the technology helps manufacturers to track production and delivery. Thus, such factors will propel the growth of the market during the forecast period. Major challenges hindering the market growth The high cost involved in building and operating cold chains is a major challenge impeding the market. The decision to set up a refrigerated warehouse is a strategic decision that must be taken after due consideration of factors such as location, connectivity, and the price of land. This is due to the fact that a cold chain is a critical service that requires the uninterrupted flow of goods in a temperature-controlled environment and setting up cold storage near the production facility is vital. The operating cost for refrigerated warehouses is also high. A major operating cost in a refrigerated warehouse is energy cost. On average, a diesel power refrigeration unit consumes about 3.5-4.5 liters of diesel per hour. Furthermore, there is a shortage of reefer containers in the market, which is increasing the freight cost. This rise in reefer container freight rates will increase the cost of refrigerated transportation. Therefore, such factors will hinder the market growth during the forecast period. CAGR of the market during the forecast period Detailed information on factors that will drive the growth of the food and beverage cold chain logistics market between 2023 and 2027 Precise estimation of the size of the food and beverage cold chain logistics market size and its contribution to the market in focus on the parent market Accurate predictions about upcoming trends and changes in consumer behavior Growth of the food and beverage cold chain logistics market industry across North America, APAC, Europe, South America, and Middle East and Africa A thorough analysis of the market's competitive landscape and detailed information about vendors Comprehensive analysis of factors that will challenge the growth of Food And Beverage Cold Chain Logistics Market vendors Gain instant access to 17,000+ market research reports. Related Reports: The cold chain logistics market  size is expected to increase by USD 11.6 billion from 2022 to 2027, and the market's growth momentum will accelerate at a CAGR of 9.51%. This report extensively covers market segmentations by service (warehousing and VAS and transportation), product (vaccines, biopharmaceuticals, and clinical trial materials), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The cold storage market size is predicted to surge by USD 118.3 billion from 2022 to 2027 at a CAGR of 13.47%. This report further entails market segmentation by end-user (meat and seafood, fruits and vegetables, bakery and confectionery, dairy and frozen products, and others), type (private, semi-private, and public), and geography (APAC, North America, Europe, South America, and Middle East and Africa). Food And Beverage Cold Chain Logistics Market Scope Report Coverage Key companies profiled Americold Realty Operating Partnership LP, Burris Logistics, Capstone Logistics LLC, Claus Sorensen AS, Coldco Logistics, ColdEX Ltd., Frigoscandia AB, Hanson Logistics Ltd., John Swire and Sons Ltd., Kalypso, Kloosterboer, Lineage Logistics Holdings LLC, NewCold Cooperatief UA, Nichirei Corp., Seafrigo Group, Stockhabo, Tippmann Group, TRENTON COLD STORAGE, and VersaCold Logistics Services Market dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Table of contents Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million) Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million) Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%) Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%) 4 Historic Market Size 4.1 Global food and beverage cold chain logistics market 2017 - 2021  Exhibit 18: Historic Market Size – Data Table on Global food and beverage cold chain logistics market 2017 - 2021 ($ million) 4.2 Application Segment Analysis 2017 - 2021  Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million) 4.3 Type Segment Analysis 2017 - 2021  Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million) 4.4 Geography Segment Analysis 2017 - 2021  Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million) 4.5 Country Segment Analysis 2017 - 2021  Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million) 5 Five Forces Analysis Exhibit 33: Data Table on Comparison by Application 6.3 Meat and seafood - Market size and forecast 2022-2027  Exhibit 34: Chart on Meat and seafood - Market size and forecast 2022-2027 ($ million) Exhibit 35: Data Table on Meat and seafood - Market size and forecast 2022-2027 ($ million) Exhibit 36: Chart on Meat and seafood - Year-over-year growth 2022-2027 (%) Exhibit 37: Data Table on Meat and seafood - Year-over-year growth 2022-2027 (%) 6.4 Dairy and frozen desserts - Market size and forecast 2022-2027  Exhibit 38: Chart on Dairy and frozen desserts - Market size and forecast 2022-2027 ($ million) Exhibit 39: Data Table on Dairy and frozen desserts - Market size and forecast 2022-2027 ($ million) Exhibit 40: Chart on Dairy and frozen desserts - Year-over-year growth 2022-2027 (%) Exhibit 41: Data Table on Dairy and frozen desserts - Year-over-year growth 2022-2027 (%) 6.5 Fruits vegetables and beverages - Market size and forecast 2022-2027  Exhibit 42: Chart on Fruits vegetables and beverages - Market size and forecast 2022-2027 ($ million) Exhibit 43: Data Table on Fruits vegetables and beverages - Market size and forecast 2022-2027 ($ million) Exhibit 44: Chart on Fruits vegetables and beverages - Year-over-year growth 2022-2027 (%) Exhibit 45: Data Table on Fruits vegetables and beverages - Year-over-year growth 2022-2027 (%) 6.6 Bakery and confectionary - Market size and forecast 2022-2027  Exhibit 46: Chart on Bakery and confectionary - Market size and forecast 2022-2027 ($ million) Exhibit 47: Data Table on Bakery and confectionary - Market size and forecast 2022-2027 ($ million) Exhibit 48: Chart on Bakery and confectionary - Year-over-year growth 2022-2027 (%) Exhibit 49: Data Table on Bakery and confectionary - Year-over-year growth 2022-2027 (%) 6.7 Market opportunity by Application  Exhibit 50: Market opportunity by Application ($ million) 7 Market Segmentation by Type 7.1 Market segments Exhibit 54: Data Table on Comparison by Type 7.3 Warehouse - Market size and forecast 2022-2027  Exhibit 55: Chart on Warehouse - Market size and forecast 2022-2027 ($ million) Exhibit 56: Data Table on Warehouse - Market size and forecast 2022-2027 ($ million) Exhibit 57: Chart on Warehouse - Year-over-year growth 2022-2027 (%) Exhibit 58: Data Table on Warehouse - Year-over-year growth 2022-2027 (%) 7.4 Transportation - Market size and forecast 2022-2027  Exhibit 59: Chart on Transportation - Market size and forecast 2022-2027 ($ million) Exhibit 60: Data Table on Transportation - Market size and forecast 2022-2027 ($ million) Exhibit 61: Chart on Transportation - Year-over-year growth 2022-2027 (%) Exhibit 62: Data Table on Transportation - Year-over-year growth 2022-2027 (%) 7.5 Market opportunity by Type  Exhibit 63: Market opportunity by Type ($ million) 8 Customer Landscape Exhibit 68: Data Table on Geographic comparison 9.3 North America - Market size and forecast 2022-2027  Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million) Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million) Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%) Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%) 9.4 APAC - Market size and forecast 2022-2027  Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million) Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million) Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%) Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%) 9.5 Europe - Market size and forecast 2022-2027  Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million) Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million) Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%) Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%) 9.6 South America - Market size and forecast 2022-2027  Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million) Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million) Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%) Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%) 9.7 Middle East and Africa - Market size and forecast 2022-2027  Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million) Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million) Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%) Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%) 9.8 US - Market size and forecast 2022-2027  Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million) Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million) Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%) Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%) 9.9 China - Market size and forecast 2022-2027  Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million) Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million) Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%) Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%) 9.10 Japan - Market size and forecast 2022-2027  Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ million) Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ million) Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%) Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%) 9.11 Germany - Market size and forecast 2022-2027  Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million) Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million) Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%) Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%) 9.12 UK - Market size and forecast 2022-2027  Exhibit 105: Chart on UK - Market size and forecast 2022-2027 ($ million) Exhibit 106: Data Table on UK - Market size and forecast 2022-2027 ($ million) Exhibit 107: Chart on UK - Year-over-year growth 2022-2027 (%) Exhibit 108: Data Table on UK - Year-over-year growth 2022-2027 (%) 9.13 Market opportunity by geography  Exhibit 109: Market opportunity by geography ($ million) 10 Drivers, Challenges, and Trends 10.1 Market drivers Exhibit 110: Impact of drivers and challenges in 2022 and 2027 10.4 Market trends 11.3 Landscape disruption 11.4 Industry risks About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact