Refrigerated Food Transport Market to Reach $94.1 Billion by 2035

Food transport market is valued at approximately $51.5 billion in 2025 and is projected to reach around $94.1 billion by 2035, expanding at a CAGR of 6.3% during 2026–2035. Market growth is being driven by the rapid expansion of global food trade and the increasing demand for temperature-sensitive perishable products across international supply chains. A key macro driver accelerating the market is the growth in global food trade and perishable exports. According to the UN Comtrade Database, global trade in perishable food products such as meat, dairy, and fruits has witnessed steady growth, with agri-food exports surpassing $1.7 trillion globally in recent years. Additionally, data from the International Trade Centre (ITC) Trade Map show that exports of frozen meat and seafood have grown consistently by over 4–5% annually, underscoring the need for reliable refrigerated logistics infrastructure. This surge in cross-border food movement directly increases demand for refrigerated transport solutions across road, sea, and air networks.

Browse the full report description of “Refrigerated Food Transport Market Size, Share & Trends Analysis Report, By Transport Mode (Road Transport, Sea Transport, Rail Transport, Air Transport), By Food Product Type (Dairy Products, Meat, Poultry & Seafood, Fruits & Vegetables, Frozen Processed Foods, Others), Forecast Period (2026-2035)” at https://www.omrglobal.com/industry-reports/refrigerated-food-transport-market

From an application perspective, rising consumption of protein-rich foods is further supporting market expansion. The OECD-FAO Agricultural Outlook reports that global meat consumption is expected to increase by over 12% by 2030, while dairy consumption continues to rise steadily in emerging economies. These trends significantly boost demand for cold chain transportation, particularly in maintaining food safety, quality, and shelf life during transit. Among key segments, the Meat, Poultry & Seafood segment under Food Product Type is emerging as the fastest-growing segment. This growth is attributed to increasing global protein consumption, expansion of seafood exports, and stringent food safety regulations that require uninterrupted cold chain logistics. Meat and seafood products require strict temperature control, making refrigerated transport indispensable, especially for long-distance and export-oriented supply chains.

Market players are actively adopting strategic initiatives to strengthen their market position and expand refrigerated transport capabilities. For instance, in 2023, Carrier Global Corporation expanded its transport refrigeration portfolio with advanced energy-efficient systems to support sustainable cold chain logistics. In 2024, Trane Technologies introduced next-generation electrified refrigeration units aimed at reducing emissions in refrigerated trucking.

Recent Development

• In May 2025, Daikin Industries expanded the use of low-global-warming-potential (GWP) refrigerants such as R-32 and CO?-based systems in refrigeration applications supporting cold chain logistics. These solutions are designed to reduce environmental impact while maintaining high cooling efficiency for perishable food transport. The systems enable stable temperature control across refrigerated storage and transport operations. This development supports global decarbonization goals in the food logistics sector. It also strengthens Daikin’s role in sustainable refrigeration technologies.

• In June 2024, Mitsubishi Heavy Industries Thermal Systems has launched the TEK Series, a new range of compact electric-driven transport refrigeration units designed for small and mid-size trucks, primarily targeting growing European demand for temperature-controlled last-mile delivery.

Market Coverage

• The market number available for – 2025-2035
• Base year- 2025
• Forecast period- 2026-2035
• Segment Covered-
  o By Transport Mode
  o By Temperature Range
  o By Food Product Type

Competitive Landscape – Carrier Global Corporation, Trane Technologies, Daikin Industries, Schmitz Cargobull AG, Wabash National Corporation, among others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Refrigerated Food Transport Market Report Segment

By Transport Mode

• Road Transport
• Sea Transport
• Rail Transport
• Air Transport

By Food Product Type

• Dairy Products
• Meat, Poultry & Seafood
• Fruits & Vegetables
• Frozen Processed Foods
• Others

Global Refrigerated Food Transport Market Report Segment by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Russia
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Australia and New Zealand
• ASEAN Economies
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa

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