Food and beverage cold chain logistics market 2023-2027: A descriptive analysis of five forces model, market dynamics, and segmentation

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.

For more Insights on market size Request a sample report

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

• The threat of new entrants

• Threat of rivalry

• Bargaining power of suppliers

• Threat of substitutes

• Interpretation of porter’s five models helps to strategize the business, for entire details – buy the report!

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.

Story continues

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.

Download a Sample Report

Global food and beverage cold chain logistics market – Market Dynamics

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.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this food and beverage cold chain logistics market report?

• 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. 

Technavio’s SUBSCRIPTION platform

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).

Table of contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Application

7 Market Segmentation by Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

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
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/

View original content to download multimedia:https://www.prnewswire.com/news-releases/food-and-beverage-cold-chain-logistics-market-2023-2027-a-descriptive-analysis-of-five-forces-model-market-dynamics-and-segmentation—technavio-301726765.html

SOURCE Technavio