Global Food And Beverage Warehousing Market Size, Share, Opportunities, And Trends By Application(Dairy And Frozen Desserts, Meat, Fish, And Seafood, Beverages, Bakery And Confectionery, Fruits And Vegetables, Others), And Geography - Forecasts From 2023 To 2028
- Published : Feb 2023
- Report Code : KSI061610739
- Pages : 114
The global food and beverage warehousing market is projected to witness growth at a CAGR of 10.19% during the forecast period to reach a total market size of US$191.039 billion by 2022, increasing from US$117.607 billion in 2017. The speed and accuracy in the food and beverage sector are extremely important due to the perishability nature of the products. This drives the need for refrigeration in order to keep products fresh and prevent contamination while augmenting the need for food and beverage warehousing facilities. In addition, warehouse solution is further expected to be driven by the increasing need for automation for effective management, better productivity, and cost-effectiveness. Increased demand for visibility and real-time control by producers and other advantages of food and beverage warehouses is also addressed by the warehousing solutions. Innovation within the industry is also contributing to market growth, as an increasing number of producers are relying on warehouses for effective management of the supply chain. However, strict environmental legislative norms and high power consumption of cold storage facilities are hampering the market growth.
By application, fruits and vegetables held the largest global market share in 2016 owing requirement of preventing the decay of fruits and vegetables. However, the meat, fish, and seafood segment of the global food and beverage warehousing market is projected to grow at the fastest rate by 2022, due to the high demand for meat products. Rising demand for protein-rich diets for good health and fitness-conscious people requires manufacturers to set up efficient warehouses for these products globally, as these are easily perishable when exposed to changes in temperature.
Geographically, the global food and beverage warehousing market is segmented into the Americas, Europe Middle East and Africa, and Asia Pacific. Americas accounted for a significant market share of the global food and beverage warehousing market in 2016 owing to the high demand for natural food and beverage products. Increasing demand for vegetables and fruits further contributes to market growth. The availability of space and developed transportation infrastructure attract new entrants within the region while propelling the food & beverage warehousing market growth.
The global F&B warehousing market is fragmented owing to the presence of many small and large-scale providers. However, key players like Americold, John Swire & Sons, Lineage Logistics, and Preferred Freezer Services among others dominate the market owing to their ability to provide innovative customization services. Moreover, companies are increasingly engaging in industry integration to sustain themselves in the competitive environment. For instance, in July 2017, Lineage Logistics acquired Partner Logistics to become the global leader in automated cold storage warehousing.
The major players discussed in the report include Americold, John Swire & Sons, Lineage Logistics, Preferred Freezer Services, Oxford Cold Storage, Cloverleaf Cold Storage, Kloosterboer, Nordic Logistics and Warehousing, and Nichirei Logistics Group.
Food and beverage warehousing market has been segmented by application and geography as below:
- By Application
- Dairy and frozen desserts
- Meat, fish, and seafood
- Bakery and confectionery
- Fruits and vegetables
- By Geography
- North America
- South America
- Europe Middle East and Africa
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
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