Global: Refrigerated transport market to grow to USD 17.82bn by 2022
29.08.2017 Global: Refrigerated transport market to grow to USD 17.82bn by 2022Markets Insider, 29 Aug 2017, online:-
According to MarketsandMarkets, the global refrigerated road transport market is expected to rise a compound annual growth rate (CAGR) of 5.67% to USD 17.82bn (EUR 14.94bn) in value by 2022. The market size will grow by a CAGR of 2.49% to 3.52bn tons as demand and international trade of perishable commodities increase. The frozen products segment will see the highest growth rate as consumers look for more ready-to-thaw frozen products while fresh fruits & vegetables will dominate the chilled food segment. The report also looked at product portfolios of leading companies including US-based Tyson Foods, General Mills, Kellogg, Kraft Heinz, Conagra Brands, Smithfield Foods, Del Monte Pacific, Switzerland-based Nestle, ARYZTA and Ireland-based Kerry Group.
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