Perishable Goods Sea Transportation Market Analysis 2024 – Estimated Market Size And Key Drivers

The Perishable Goods Sea Transportation by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Perishable Goods Sea Transportation , The perishable goods sea transportation market size has grown strongly in recent years. It will grow from $1.93 billion in 2023 to $2.09 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%.  The growth in the historic period can be attributed to globalization of supply chains, increased demand for fresh and frozen foods, stringent quality and safety standards, rise in consumption of exotic foods, government initiatives supporting export, growing importance of cold chain logistics.

The perishable goods sea transportation market size is expected to see strong growth in the next few years. It will grow to $2.84 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.  The growth in the forecast period can be attributed to evolving consumer preferences for freshness, expansion of emerging markets, introduction of advanced packaging solutions, global efforts to reduce food waste, rising demand for organic and locally sourced products. Major trends in the forecast period include technology integration, direct-to-consumer trends, digital platforms for booking and tracking, risk mitigation strategies, adoption of smart technologies in cold chain management, integration of real-time monitoring systems.

The rising demand for processed food across the globe is expected to propel the growth of the perishable goods sea transportation market forward. Processed foods refer to any foods that have been altered in some way during preparation from their natural states, such as being washed, heated, pasteurized, canned, cooked, frozen, dried, dehydrated, mixed, baked, or packaged. Perishable goods sea transportation is used to transport processed food in refrigerated ships that are fully equipped with air circulation systems to ensure the freshness of the food. For instance, in 2022, according to an article shared by Soocial, a US-based branding firm specializing in slogans, premium domain names, and brand naming, one in every five people in the UK consumes prepared meals every week. The market share for ready-to-eat food in North America was 41.4% last year. Therefore, the rising demand for processed food across the globe is driving the growth of the perishable goods sea transportation market forward.

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The perishable goods sea transportation market covered in this report is segmented –
1) By Type: Domestic Transportation, Outbound Transportation
2) By Order Type: Export, Import
3) By Application: Meat Chicken, Fish And Shellfish, Vegetables And Fruits, Bread Candy And Snacks, Dairy Products And Frozen Desserts, Other Applications

Top Major Players:

• P. Moller – Maersk A/S
• H. Robinson Worldwide Inc.
• CMA CGM Group
• Deutsche Post DHL Group
• DSV Panalpina A/S

North America was the largest region in the perishable goods sea transportation market in 2023.

Technological advancements in freight management have emerged as a key trend gaining popularity in the perishable goods sea transportation market. Major industry players are integrating new technologies into freight management systems, allowing for faster and more intelligent transportation of perishable goods. The Internet of Things (IoT), radio frequency identification for effective shipment tracking, advanced machine learning, and cloud-based and advanced security solutions are among the cutting-edge technologies incorporated. For instance, in January 2022, Kuehne + Nagel International AG, a Switzerland-based transport and logistics company operating in the perishable goods sea transportation market, launched the Seaexplorer disruption indicator that offers insights on sea freight disruptions in addition to advanced analytics and trends on the current situation affecting global trade. The indicator with data analytics provides trend line information that improves customers’ ability to predict and plan for probable future supply chain impacts and determine the best course of action.

The perishable goods sea transportation market report table of contents includes:
1. Executive Summary
2. Perishable Goods Sea Transportation Market Characteristics
3. Global Perishable Goods Sea Transportation Market Trends And Strategies
4. Perishable Goods Sea Transportation Market – Macro Economic Scenario
5. Global Perishable Goods Sea Transportation Market Size and Growth
…….
26. Global Perishable Goods Sea Transportation Market Competitive Benchmarking
27. Global Perishable Goods Sea Transportation Market Competitive Dashboard
28. Key Mergers and Acquisitions Perishable Goods Sea Transportation Market
29. Perishable Goods Sea Transportation Market Future Outlook and Potential Analysis
30. Appendix

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