NEW
YORK, July 10, 2024 /PRNewswire/ -- The global
food and beverage cold chain logistics market size is
estimated to grow by USD 175.26
billion from 2024-2028, according to Technavio. The market
is estimated to grow at a CAGR of 16.83% during the forecast
period. Technology, particularly advancements like 3D printing, is
revolutionizing the food and beverage cold chain logistics market.
These innovations facilitate more efficient storage and
transportation processes, crucial for maintaining product integrity
and extending shelf life. Moreover, emerging technologies are
supporting new concepts such as space travel, further expanding the
scope of cold chain logistics. Despite high development costs
posing challenges, key players like Americold Realty Trust Inc.,
Capstone Logistics LLC, and others are leveraging technology to
drive growth and meet evolving market demands.
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Application (Meat and
seafood, Dairy and frozen desserts, Fruits vegetables and
beverages, and Bakery and confectionary), Type (Warehouse and
Transportation), and Geography (North America, APAC, Europe, South
America, and Middle East and Africa)
|
Region
Covered
|
North America, APAC,
Europe, South America, and Middle East and Africa
|
Key companies
profiled
|
Americold Realty Trust
Inc., Burris Logistics Co., 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
|
Key Market Trends Fueling Growth
Fuel cell-based forklifts are gaining popularity in the food and
beverage cold chain logistics industry due to their ability to
function optimally in low temperatures. In contrast to
battery-powered forklifts, which can only operate for 7-9 hours
when fully charged but significantly less in cold conditions, fuel
cell-forklifts can operate efficiently in temperatures as low as
minus 30 degrees Celsius. This advantage is crucial for
refrigerated warehouses, where maintaining optimal temperatures is
essential. Moreover, fuel cell-based infrastructure occupies over
60% less space than conventional fuel-based and battery-powered
infrastructure, freeing up valuable warehouse space. The refueling
process for fuel cell-based forklifts takes around five minutes,
compared to the 10-20 minutes required to change a battery. This
translates to significant productivity savings, with over 120 hours
saved per forklift in a standard three-shift operation. Leading
companies like Walmart and Amazon have already adopted fuel
cell-based forklifts in their warehouses due to these advantages.
As more companies recognize the benefits of this technology, the
global food and beverage cold chain logistics market is expected to
grow positively during the forecast period.
The Food and Beverage Cold Chain Logistics Market is
experiencing significant growth due to increasing demand for
temperature-controlled solutions for storing and transporting goods
like meat, seafood, beverages, frozen foods, and other refrigerated
products. Cold storage solutions include temperature-controlled
facilities, refrigerated warehousing, and temperature-controlled
packaging solutions. Fuel cell-based forklifts and refrigerated
trucks, containers, vans, and railcars are essential for efficient
transport. Value-added services, food safety, and international
trade are key drivers. The frozen food market's growth, driven by
rising consumption, fuels the need for advanced cold chain
technology. Blockchain technology ensures cold chains traceability,
enhancing transparency and accountability in import-export
activities. Online retailing's rise also necessitates robust cold
chain infrastructure. Food processing and distribution industries
benefit from cold chain technology. Temperature-controlled
environments maintain the quality and freshness of organic food.
Cold chain technology's adoption is crucial for ensuring food
safety and meeting consumer expectations. Overall, the market's
future looks promising, with continuous innovation in technology
and growing demand for temperature-controlled logistics
solutions.
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Market Challenges
- Setting up a cold chain logistics system for food and beverage
involves significant costs, primarily due to the construction of
temperature-controlled warehouses. The cost of land, a major factor
in warehouse setup, varies depending on the location. Strategically
locating a refrigerated warehouse near a production facility is
crucial for maintaining the uninterrupted flow of goods in a
temperature-controlled environment. However, the infrastructure
cost of building a refrigerated warehouse is high, with an average
cost of USD140 per square foot,
nearly double that of a conventional warehouse. Operating costs,
particularly energy for refrigeration systems, which account for
50-55% of the total cost, are also substantial. A diesel-powered
refrigeration unit consumes around 3.5-4.5 liters of diesel per
hour. Additionally, the shortage of reefer containers in the market
increases freight costs, further increasing the operational
expenses. These high operational costs may negatively impact the
growth of the global food and beverage cold chain logistics market
during the forecast period.
- The Food and Beverage Cold Chain Logistics Market faces several
challenges in areas like food retail and beverage processing,
distribution, and retail. Temperature monitoring, tracking and
tracing, cold storage management, maintenance and repair are
crucial for maintaining freshness and quality. Logistics and
warehousing, including controlled environments, require real-time
monitoring of temperature, humidity, and location to prevent
product spoilage. Supply chain complexities involve warehouses,
containers, e-commerce, food delivery, and IoT technology.
Perishable items such as fruits, vegetables, dairy products,
juices, soft drinks, beer, and vaccines in the beverage industry
need temperature-controlled warehousing and logistics solutions.
Automation through robotics and material handling solutions, along
with warehouse management systems, help reduce waste and ensure
quality standards. Transportation modes like airways, roadways, and
seaways also play a role, with challenges in handling perishable
items and maintaining temperature-controlled environments.
E-commerce and food delivery services add pressure to ensure timely
and accurate delivery, while ensuring the cold chain remains
intact. Overall, the market requires advanced technology solutions,
including cloud computing and real-time monitoring, to overcome
these challenges and maintain the integrity of perishable goods
throughout the supply chain.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This food and beverage cold chain logistics market report
extensively covers market segmentation by
- Application
- 1.1 Meat and seafood
- 1.2 Dairy and frozen desserts
- 1.3 Fruits vegetables and beverages
- 1.4 Bakery and confectionary
- Type
- 2.1 Warehouse
- 2.2 Transportation
- Geography
- 3.1 North America
- 3.2 APAC
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Meat and seafood- The meat and seafood segment
is the largest in the global food and beverage cold chain logistics
market, accounting for over 30% of the consumption in 2023. Meat,
with its high water, protein, and fat content, is perishable and
requires refrigeration or freezing to prevent spoilage and the
growth of pathogens. In the US, meat is transported via road, but
may also use other modes and be stored at intermediate warehouses.
Fresh meat products have a short shelf life and should not be
transported long distances, while frozen meat products can be
shipped globally. The global meat consumption was over 1.8 million
tons in 2022, with APAC being the largest consumer. Consumption is
projected to increase by over 20% by 2030 due to growing awareness
of protein intake. Seafood consumption is also rising due to
increased aquaculture, particularly in China, and rapid production and export from
countries like Chile, Indonesia, and Norway. The increasing demand for meat and
seafood will drive the need for refrigerated warehouses and
transportation facilities, boosting the growth of the meat and
seafood segment and the global food and beverage cold chain
logistics market.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The Food and Beverage Cold Chain Logistics Market refers to the
transportation and storage of temperature-sensitive food and
beverage products from the point of production to the point of
consumption. This market encompasses various aspects, including
temperature-controlled storage in warehouses and containers,
transport using refrigerated trucks and fuel cell-based forklifts,
and the application of cold chain technology to ensure food safety
and maintain freshness and quality. International trade and online
retailing have significantly increased the demand for efficient
cold chain logistics solutions. Controlled environments are crucial
for storing goods such as meat, seafood, frozen foods, and
beverages, while IoT technology enables real-time monitoring and
optimization of temperature conditions. Food delivery services and
e-commerce platforms also rely on cold chain logistics to ensure
timely and high-quality product delivery.
Market Research Overview
The Food and Beverage Cold Chain Logistics Market encompasses
the transportation, storage, and management of
temperature-sensitive food and beverage products. This involves the
use of temperature-controlled storage facilities, such as
refrigerated warehouses, containers, and vans, as well as
refrigerated trucks, railcars, and ships for transport. Cold chain
technology plays a crucial role, ensuring food safety and
maintaining freshness and quality through temperature monitoring,
tracking and tracing, and real-time monitoring using IoT and cloud
computing. International trade, online retailing, and e-commerce
have increased the demand for cold chain logistics solutions.
Perishable items like fruits, vegetables, dairy products, juices,
soft drinks, beer, meat, seafood, and frozen foods require
temperature-controlled environments to prevent product spoilage.
The market also caters to industries like food processing,
distribution, and retail, as well as beverage processing,
distribution, and retail. Logistics and warehousing solutions
include intralogistics, material handling solutions, and warehouse
management systems. Cold storage management, maintenance and
repair, and value-added services are essential for efficient
operations. The market also caters to industries beyond food and
beverage, such as vaccines and medical supplies, with
temperature-controlled facilities and logistics solutions.
Automation through robotics and automation systems, fuel cell-based
forklifts, and blockchain technology for cold chains traceability
are key trends in the market. The market's growth is driven by
increasing frozen food consumption and the frozen food market, as
well as the import/export activity in the food industry.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Meat And Seafood
- Dairy And Frozen Desserts
- Fruits Vegetables And Beverages
- Bakery And Confectionary
- Type
-
- Geography
-
- North America
- APAC
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
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.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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