DUBLIN, Jan. 22, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/2snjpf/refrigerated) has announced the addition of the "Refrigerated Transport Market by Mode, Product Type, Application & by Region - Global Trends & Forecasts to 2019" report to their offering.
The global refrigerated transport market is projected to reach $93,656.4 million by 2019, at a CAGR of 15.2% from 2014.
The refrigerated transport market is projected to grow at a substantial rate for the next five years. The market for refrigerated transport has matured in regions such as North America and Europe due to the steady demands and consumption rate for perishable foods.
The perishability of food products restrains the agriculture and food industries to export surplus produce in developing countries such as China, India and the Latin American countries. Lack of temperature-controlled infrastructure and uninterrupted cold chain facilities in these developing economies has led to the spoilage of large quantities of food products.
These factors have driven the demand for a well-organized refrigerated transport market for the preservation and distribution of perishable food products under controlled temperatures. Further, government initiatives and shift in consumer taste and preferences such as high-protein foods and frozen foods is estimated to spur the growth of refrigerated transport market.
The report provides detailed analysis of the refrigerated transport market, which is segmented on the basis of mode of transport in to road, rail, sea, and air. Chilled and frozen food products form the two key categories of product types which require refrigerated transport. There are four basic application areas of refrigerated transport fruits & vegetables, bakery & confectionary, dairy & frozen desserts, meat, fish & seafood, and other products such as sauces, condiments, salad dressings, and dips.
Globally, meat, fish & seafood are estimated to account for the highest demand for refrigerated transport in 2014. The dairy & frozen desserts application is growing at the highest CAGR as the demand for these perishables are increasing in developing countries such as India, China, and the Latin American countries. The factors attributing the growth of dairy & frozen desserts in developing countries are the growth in population, increase in spending power, and lifestyle changes.
The refrigerated transport market is fragmented, with leading service providers driving the market growth. The report further provides qualitative analyses of the prominent market players and their preferred development strategies. The key service providers in the market identified in this report are Toll Holdings Limited (Australia), DHL Line-Deutsche Post AG (Germany), A.P. Moller-Maersk A/S (Denmark), FedEx Corporation (U.S.), and Ryder System, Inc. (U.S.).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Refrigerated Transport Market, By Mode
8 Refrigerated Transport Market, By Product Type
9 Refrigerated Transport Market, By Application
10 Refrigerated Transport Market, By Region
11 Competitive Landscape
12 Company Profiles
- A.P. Moller-Maersk A/S
- Americold Logistics, Llc
- C.H. Robinson Worldwide, Inc.
- Deutsche Post Ag
- Fedex Corporation
- J.B. Hunt Transport Services, Inc.
- Ryder System, Inc.
- Saddle Creek Logistics Services
- Samskip Holding B.V.
- Toll Holdings Limited
For more information visit http://www.researchandmarkets.com/research/2snjpf/refrigerated
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SOURCE Research and Markets