Market Analysis: Global Food Transport Market
Food transport market is set to witness a substantial CAGR in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising demand for food products and growing investment in developing cold chain are the factor for the growth of this market.
Global Food Transport Market By Transportation Type (Roadways, Railways, Seaways, Airways), Product Type (Fish, shellfish, and meat; Vegetables, fruit, and nuts; Cereals, bakery, and dairy products; Coffee, tea, and vegetable oil), Service Type (Cold Chain, Non- Cold Chain), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
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Market Definition: Global Food Transport Market
Food transportation is a method which is used to transfer food from one place to another. Different transportation types such as airways, roadways, seaways and airways are used for the food transportation. Product such as vegetable, dairy product, coffee, tea, vegetable oil, fish, meat and other can be transported using these sources. As per the need and requirement, essential temperature is provided to the food so they can protect them from getting damaged.
· Increasing trade worldwide will drive the market growth
· Growing demand for quality product will also enhance the market growth
· Rising popularity of e- commerce to purchase fresh technology will also contribute as a factor for the growth of this market
· Improvement in the distribution channel and infrastructure can also augment the growth of this market
· Strict government rules and norms associated with the food transportation will restrict the market growth
· Risk associated with the delay in delivery in water transport can also hamper the growth of this market
· High investment cost also act as a restraining factor for the market growth
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Global food transport market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of food transport market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global food transport market are Allen Lund Company, A.N. Deringer, Inc., APL, CaseStack, CT LOGISTICS, Distribution Technology, DSC Logistics, Inc., Echo Global Logistics, Evans Distribution Systems, Inc., H&M Bay, Inc., Hellmann Worldwide Logistics, HENNINGSEN COLD STORAGE CO, Johanson Transportation Service, KENCO., LeSaint Logistics., Lynden Incorporated., Mallory Alexander International Logistics Inc., MATSON, ODW Logistics, Odyssey Logistics & Technology Corporation., Pilot Freight among others.
Research Methodology: Global Food Transport Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
· Competitive analysis of key competitors involved in the market
· Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
· Market drivers and restraints analysis along with the analysis of the market structure
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Key Developments in the Market:
In April 2016, Food and Drug Administration announced the launch of their new food transport rules so they can enhance the safety. As part of their campaign against food- borne illness, they have made strict rules associated with the refrigeration and cleaning trucks and rail cars between shipments. Before charging, refrigerated vehicles will need to be pre-cooled and temperatures will need to be carefully monitored during transit. The main aim of the launch is to provide safe products to the consumer
In December 2016, TransComply announced the launch of their The Uniform Food Safety Transportation Protocol which can be used by motor carrier fulfil the requirements of shippers and their brokers under the new Food and Drug Administration Regulation for the Sanitary Transport of Food. The main aim of the launch is to stop the activities during the transportation that may cause food safety risk
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