PUBLISHER: QYResearch | PRODUCT CODE: 1238092
PUBLISHER: QYResearch | PRODUCT CODE: 1238092
The global revenue of agricultural product warehousing service market was valued at 50,430.2 Million USD in 2022 and is expected to reach USD 73,899.0 Million USD in 2029. In the future four years, we predict the CAGR of global revenue is 5.55%.
The pandemic has created a positive impact on the agricultural logistic industry, resulting in fueling the demand for agricultural product warehousing service. The increasing adoption rate of fresh food is a promising take for the growth of the agricultural product warehousing service. The COVID-19 impacted the supply chain of every industry due to restricted trade during the pandemic, resulting in food manufactures to emphasize not only on the food products but also on their storage to increase their shelf-life, which is expected to propel the market for the warehousing service. The outbreak of COVID-19 has created a shift toward an organized retail market for preventing any further virus outbreaks. Consumers have stockpiled processed food products with a long shelf life to perishable foods and trade restricted trade movements between countries have resulted in surpassing of Temperature Controlled Logistics storage capacities in certain countries. These developments underscore the need for the food value chain to move from open-air markets to a cold-chain model that keeps perishable items for longer duration. These factors are expected to propel the demand for agricultural product warehousing service during the forecast period.
Consumers are now more aware of health and wellness, as well as the effect that food nutrients, especially protein, have on overall physical and mental growth and development. This has resulted in a change in the consumption pattern of perishable foods, such as dairy products, fruits and vegetables, and high-protein animal-based products (such as meat, eggs, and fish and seafood).
Emerging economies in the Asia Pacific and Latin America are witnessing a high demand for perishable food products. This can be attributed to the rapid urbanization, changing tastes and preferences, and the rising disposable income of consumers in these countries. The market potential for processed and frozen food products is also high in these countries due to their lower adoption rates. The consumption of ready-to-eat meals, such as frozen pizzas, desserts, and snacks, is rising steadily in these countries.
This report aims to provide a comprehensive presentation of the global market for Agricultural Product Warehousing Service, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Agricultural Product Warehousing Service.
The Agricultural Product Warehousing Service market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2021 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Agricultural Product Warehousing Service market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Agricultural Product Warehousing Service market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
This report covers the Agricultural Product Warehousing Service segments by company, by Type, by Application, by region and country, and provides market size and CAGR for the history and forecast period (2018-2023, 2024-2029), considering 2022 as the base year. It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.