The global cold chain market is dominated by large players such as Americold Logistics (US), Preferred Freezer Services (US), Burris Logistics (US), Lineage Logistics (US), and Nichirei Logistics (Japan). Other players include AGRO Merchants (US), Kloosterboer Group (Netherlands), Swire Cold Storage (Australia), and Interstate Cold Storage (US).
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The cold chain market is estimated to be valued at USD 203.14 billion in 2018 and is projected to reach a value of USD 293.27 billion by 2023, at a CAGR of 7.6%. The primary factors driving the global success of cold chain is the growth in international trade for perishable food products, expansion of food retail chains by multinationals, and government support for infrastructure development of cold chain industry.
Scope of the report
Based on Type, the market has been segmented as follows:
- Refrigerated storage
- Refrigerated transport
Based on Application, the market has been segmented as follows:
- Fruits & vegetables
- Bakery & confectionery products
- Dairy & frozen desserts
- Fish, meat, and seafood products
Based on Region, the market has been segmented as follows:
- North America
- Asia Pacific
Cold Chain market report includes estimations of market sizes in terms of value (USD billion) and volume (million cubic meters and units).
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Both top-down and bottom-up approaches have been used to estimate and validate size of cold chain market and of various other dependent submarkets in the overall market. Key players in market have been identified through secondary research, and their market share in respective regions has been determined through primary and secondary research.
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Cold chain market has been segmented, by type, into refrigerated storage and refrigerated transport. Refrigerated storage capacities are growing in Asia Pacific countries due to increased need to reduce loss of perishable foods.
In North America & Europe, refrigerated transport industry is booming, mainly due to advancement of technology in refrigerated trucks, vans, trailers, and maritime reefer containers.
1 Attractive Opportunities in the Cold Chain Market
2 North America: Cold Chain Market, By Application and Country
3 Cold Chain Market: Major Countries
4 Cold Chain Market: Application, By Region
5 Cold Chain Market: By Temperature Type
2 Competitive Situation & Trends
3 Market Ranking: Cold Chain Market
4 Major Strategies Adopted By Key Players
5 Expansions & Investments
6 Mergers & Acquisitions
7 Agreements, Collaborations, Partnerships, Rebranding, and Joint Ventures
8 New Service Launches
Cold chain market has been segmented on basis of application into fruits & vegetables; bakery & confectionery products; dairy & frozen desserts; fish, meat, & seafood products. Dairy & frozen desserts are also witnessing high demand due to economic growth & rapid urbanization, along with sophisticated marketing channels, which have led to significant changes in dietary patterns.
Frozen fruits & vegetables are often available in easy-to-open re-sealable packaging, allowing for longer storage and portion control without wastage.
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Cold chain market is segmented on the basis of region into North America, Europe, Asia Pacific, and Rest of the World (RoW). Asia Pacific region is projected to be the fastest-growing market during the forecast period.
This report helps readers to
- To get an overview of the global cold chain market
- To get an overview of the key players in the cold chain industry and service portfolios and key strategies adopted by key players to attain the market presence
- To gain insights of the major regions in which the cold chain market is growing
- To gain knowledge of the growth of various food products that the cold chain is used for
Cold chain market is growing in this region due to the increasing disposable income of the people, the changing consumption patterns, and increasing expansions and acquisitions of key players such as Americold Logistics (US), Preferred Freezer Services (US), and Nichirei Logistics (Japan) in South Africa and Thailand for profitable returns.
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