The Europe Cold Chain Market was worth USD 61.97 billion in 2016 and is expected to be growing at a CAGR of 7.2%, to touch USD 87.74 billion by 2021.
Cold Chains is the term used for temperature controlled supply chains. The uses of Cold Chains involve the preserving and ensuring of the shelf life of fresh agricultural products, frozen foods, seafood, dairy and bakery and confectionary products.
A constant series of cooled production, storage and supply activities, along with the supplementary equipment and logistics, which maintain the requisite low-temperature choice is termed as an Unbroken Cold Chain, and the cold chain goods are referred as Cool Cargo. The perishability and always on-the-move nature of these goods is the reason for reference of these goods as Cargo.
The major driving force of the Europe market is the consumer demand for good quality features like the safety, taste and freshness of the food being consumed. Further, technological advancement in refrigerated transport and storage and infrastructure development will boost the market.
High quality standards set by administrative bodies and high cost associated with the related equipment are restraining the market growth in this region.
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The Europe Cold Chain market is segmented by Type, Temperature Type, Technology, Application and Geography. By the Cold Chain Type, the market is classified into Refrigerated Storage and Transport.
By Temperature Type, the market is separated into Chilled and Frozen. By the type of Technology, the market is segmented into Air-blown and Eutectic.
Lastly, by Application the Cold Chain market is categorised into Fruits and Vegetables, Dairy, Bakery and Confectionary, Meat, and Seafood.
The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. In 2015 Europe dominated the global Cold Chain market share due to consumer demand and consumption being the maximum in Europe.
Further, France is in the lead, followed by Germany, Spain, Italy and the United Kingdom. Currently, in Europe, food product manufacturers and retailers are moving from providing local services to bigger Pan-European services.
This is being majorly promoted by the increasing technological feasibility of long distance transport and storage.
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The Europe Cold Chain market is pretty competitive because of many players operating at the regional and local levels. Some key players in the Europe Cold Chain Market include Americold Logistics (U.S.), Preferred Freezer Services (U.S.), Burris Logistics (U.S.), Lineage Logistics Holding LLC (U.S.), and Nichirei Logistics Group Inc. (Japan).
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