Cold Chain Logistics Market was valued at US$ 245 Bn. in 2021. Global Cold Chain Logistics Market size is expected to grow at a CAGR of 15 % through the forecast period.
Cold Chain Logistics Market Overview:The act of moving and storing goods under specific temperature controls is known as "cold chain logistics." Products are kept in temperature-controlled warehouses, and refrigerated vehicles are employed for subsequent product deliveries. It mostly transports goods like fruits, vegetables, medications, and a variety of other goods. It aids in maintaining the product's quality and shelf life. It has an effect on every step of the supply chain, including the last-mile delivery, storage, and transportation. Refrigerated trucks, refrigerated railcars, refrigerated cargo, and air freight are some of the transportation methods used to deliver goods. To know about the Research Methodology :- Request Free Sample Report 2021 is considered as a base year to forecast the market from 2022 to 2029. 2021’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2029. 2021 is a year of exception and analysis especially with the impact of lockdown by region.
Cold Chain Logistics Market Dynamics:The impact of food nutrients, particularly protein, on general physical and mental growth and development is now better understood by consumers, who are also more concerned with health and wellness. Perishable foods like dairy, fruits, vegetables, and high-protein animal-based goods have changed how people consume them as a result (such as meat, eggs, fish, and seafood). Perishable food items are in high demand in emerging nations in the Asia Pacific and Latin America. This is explained by the countries' quick urbanization, evolving consumer interests and preferences, and growing disposable income. The market potential for processed and frozen food products is also substantial due to these nations' lower adoption rates. In these nations, demand for prepared foods such as frozen pizzas, desserts, and snacks is gradually increasing. In order for food products to maintain their chemical makeup even after several months, the frozen foods market requires an efficient cold storage system. In the upcoming years, it is expected that there will be a rise in demand for cold storage market due to the increased trading of these food goods. Cold chain logistics market restraint by avoiding premature expiration, deterioration, and spoilage, manufacturers, retailers, and consumers in the food sector place a high priority on ensuring the quality and safety of food. Service providers now need to make investments in cutting-edge vehicles, system technology, and cold storage facilities to do this. However, cold chain providers are becoming increasingly concerned about excessive energy costs (energy costs are exceptionally high in North America and Europe). Traditional fluorescent lighting is used in refrigerated storage facilities, and it must be on all year round per rules. Numerous governments have been working to increase infrastructure spending for the cold chain, pre-cooling facilities, refrigerated storage and transport, packaging, and information management systems. As the need for chilled vehicles in cold chains, particularly in North America and Europe, has grown over the last few years one of the other main problems for cold chain providers is the cost of fuel and the effective monitoring of fuel usage. However, operating cold chains in emerging economies has unique challenges for cold chail logistic market. Businesses in the cold chain have substantially higher annual operating costs per cubic foot. One of the key factors influencing the growth of the cold chain market is the development of retail channels and chains in the form of supermarkets, hypermarkets, and convenience stores. Additionally, retail chains have grown to the point that some producers have their own internal chilled storage facilities. Large food retail chains are growing their storefronts in developed nations like the UK, Germany, and the US as well as in emerging markets like China, Brazil, and Argentina. These chains include Walmart, Tesco, Spar, and 7-Eleven. For instance, Walmart is the largest American international retail firm with more than 11,000 locations spread across 27 countries. It has a sizable fleet for moving perishable commodities as well as a strong distribution system. Additionally, it employs 3PL refrigerated warehousing service providers to efficiently move perishable goods to its retail locations. Cold chain market growth potential for refrigerated warehousing and refrigerated transportation is being created by the rise of such large merchants and their expanding operations in international trade. Governments in many countries are attempting to reduce food and agricultural waste by establishing food waste rules and assisting food-related companies like the cold chain market. The cold chain market is extremely fragmented, especially in growing regions in South America, Africa, and Asia. These regions' cold chain service providers lack the funding and technological capabilities necessary to construct high-quality cold chain facilities. The ineffective organization and application of controls for standard compliance together with the lack of adequate food storage, processing, and cold chain logistics, continue to be major challenges in these nations. South American and Asian nations are poorly connected and lack an effective transportation infrastructure. The choice of routes is still limited by these networks' missing links, and the lack of capacity and the subpar infrastructure increase transit prices and delays. The lack of integration and compatibility between the cold chain systems in cold chain markets makes it difficult for businesses to grow.
COVID-19 Impact on the Cold Chain Logistics Market:The pandemic has positively affected the cold chain sector, which has increased the demand for cold chain warehousing. One of the main factors contributing to the growth of the cold chain in the food market is the rising adoption rate of packaged food and beverage products. Due to COVID-19's impact on every market's supply chain and the restrictions on trade during the pandemic, food manufacturers are now placing more of an emphasis on not only the products themselves but also on how they are stored to extend their shelf lives, which is expected to drive the market for the cold chain. In order to stop any subsequent viral outbreaks, there has been a transition toward an organized retail market due to the COVID-19 outbreak. Lockdowns were enacted by nations all over the world as the pandemic threat worsened. These causes led people to begin stockpiling household essentials. The 3PLs were under pressure from the obsessive behavior of consumers to ship more products with a quicker stock turn. These changes highlight the necessity of converting the food value chain from open-air marketplaces to a cold-chain paradigm that preserves perishables for a longer period of time. During the expected timeframe, these elements are expected to increase demand for cold chains.
Cold Chain Logistics Market Segment Analysis:Based on Type, The refrigerated warehouse segment now controls the majority of the market share due to the increasing preference for packaged food goods around the world and is expected to maintain its dominance throughout the forecast period. Demand for frozen food products is being driven by people's shifting dietary habits and lifestyles. The demand for refrigerated warehouses is expected to increase. Additionally, due to the rising need for secure refrigerated transportation of goods and products with a high-temperature tolerance, the refrigerated transportation category is expected to grow at the fastest CAGR throughout the forecast period. Air cargo, refrigerated trucks, refrigerated railcars, and refrigerated freight are all common routes of transportation. Based on the Temperature, Chilled segment has highest market share of 35% in the market. The process of chilling goods as they move through the cold chain involves lowering food temperatures to below ambient levels but above -1°C. Keeping food fresh for shorter periods of time can be accomplished by chilling food products between 0°C and +5°C. The reason for this is that it slows down a lot of the microbiological, physical, chemical, and metabolic processes that cause food to deteriorate and degrade. Food quality and safety are enhanced when bacteria are allowed to develop at a slower rate through the use of chilling.
Cold Chain Logistics Market Regional Insights:The North American region dominated the market with a 38 % share in 2021. A huge consumer base and increasing connected device penetration are expected to propel market growth from 2022 to 2029. The Asia Pacific region is expected to witness significant growth at a CAGR of 13.1% through the forecast period. This is a result of rising public investments in the construction of infrastructure for cold chain logistics. Demand for meat, dairy, and processed food is high in nations like South Korea, China, Japan, and India, and it is expected that this will propel the cold chain market in the area. Additionally, factors like boosted foreign direct investments in the healthcare market and the development of pharmaceutical businesses are encouraging the market growth for the pharmaceuticals sector in the Asia Pacific area. The objective of the report is to present a comprehensive analysis of the global Cold Chain Logistics Market to the stakeholders in the market. The past and current status of the market with the forecast market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the market with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the market to the decision-makers. The reports also help in understanding the Cold Chain Logistics Market dynamic, structure by analyzing the market segments and projecting the Cold Chain Logistics Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Cold Chain Logistics Market make the report investor’s guide.
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Global Cold Chain Logistics Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 245 Bn. Forecast Period 2022 to 2029 CAGR: 15% Market Size in 2029: US $ 749.46 Bn. Segments Covered: by Type • Refrigerated warehousing • Refrigerated transport by Application • Dairy & frozen desserts • Fish, meat, and seafood products • Bakery & confectionery products • Fruits & vegetables • Others by Temperature • Frozen • Chilled
Cold Chain Logistics Market by Region• North America • Europe • Asia Pacific • South America • Middle East and Africa
Cold Chain Logistics Market Key Players• Americold Logistics • Lineage Logistics Holdings • Nichirei Corporation • Burris Logistics • Agro Merchants Group • Kloosterboer • United States Cold Storage • Tippmann Group • VersaCold Logistics Services • Henningsen Cold Storage Co. • Coldman • Congebec Inc • Conestoga Cold Storage • NewCold • Hanson Logistics Confederation Freezers • Seafrigo • Trenton Cold Storage • Merchants Terminal Corporation • Stockhabo Frequently Asked Questions: 1] What segments are covered in the Global Cold Chain Logistics Market report? Ans. The segments covered in the Cold Chain Logistics Market report are based on Type, Temperature, and Application. 2] Which region is expected to hold the highest share in the Global Cold Chain Logistics Market? Ans. The North America region is expected to hold the highest share in the Cold Chain Logistics Market. 3] What is the market size of the Global Cold Chain Logistics Market by 2029? Ans. The market size of the Cold Chain Logistics Market by 2029 is expected to reach US$ 749.46 Bn. 4] What is the forecast period for the Global Cold Chain Logistics Market? Ans. The forecast period for the Cold Chain Logistics Market is 2022-2029. 5] What was the market size of the Global Cold Chain Logistics Market in 2021? Ans. The market size of the Cold Chain Logistics Market in 2021 was valued at US$ 245 Bn.
1. Global Cold Chain Logistics Market Size: Research Methodology 2. Global Cold Chain Logistics Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Cold Chain Logistics Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Cold Chain Logistics Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Cold Chain Logistics Market Size Segmentation 4.1. Global Cold Chain Logistics Market Size, by Type (2021-2029) • Refrigerated warehousing • Refrigerated transport 4.2. Global Cold Chain Logistics Market Size, by Application (2021-2029) • Dairy & frozen desserts • Fish, meat, and seafood products • Bakery & confectionery products • Fruits & vegetables • Others 4.3. Global Cold Chain Logistics Market Size, by Temperature (2021-2029) • Frozen • Chilled 5. North America Cold Chain Logistics Market (2021-2029) 5.1. North America Cold Chain Logistics Market Size, by Type (2021-2029) • Refrigerated warehousing • Refrigerated transport 5.2. North America Cold Chain Logistics Market Size, by Application (2021-2029) • Dairy & frozen desserts • Fish, meat, and seafood products • Bakery & confectionery products • Fruits & vegetables • Others 5.3. North America Cold Chain Logistics Market Size, by Temperature (2021-2029) • Frozen • Chilled 5.4. North America Cold Chain Logistics Market, by Country (2021-2029) • United States • Canada • Mexico 6. Europe Cold Chain Logistics Market (2021-2029) 6.1. Europe Cold Chain Logistics Market, by Type (2021-2029) 6.2. Europe Cold Chain Logistics Market, by Application (2021-2029) 6.3. Europe Cold Chain Logistics Market, by Temperature (2021-2029) 6.4. Europe Cold Chain Logistics Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Cold Chain Logistics Market (2021-2029) 7.1. Asia Pacific Cold Chain Logistics Market, by Type (2021-2029) 7.2. Asia Pacific Cold Chain Logistics Market, by Application (2021-2029) 7.3. Asia Pacific Cold Chain Logistics Market, by Temperature (2021-2029) 7.4. Asia Pacific Cold Chain Logistics Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Cold Chain Logistics Market (2021-2029) 8.1. Middle East and Africa Cold Chain Logistics Market, by Type (2021-2029) 8.2. Middle East and Africa Cold Chain Logistics Market, by Application (2021-2029) 8.3. Middle East and Africa Cold Chain Logistics Market, by Temperature (2021-2029) 8.4. Middle East and Africa Cold Chain Logistics Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Cold Chain Logistics Market (2021-2029) 9.1. South America Cold Chain Logistics Market, by Type (2021-2029) 9.2. South America Cold Chain Logistics Market, by Application (2021-2029) 9.3. South America Cold Chain Logistics Market, by Temperature (2021-2029) 9.4. South America Cold Chain Logistics Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Americold Logistics 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Lineage Logistics Holdings 10.3. Nichirei Corporation 10.4. Burris Logistics 10.5. Agro Merchants Group 10.6. Kloosterboer 10.7. United States Cold Storage 10.8. Tippmann Group 10.9. VersaCold Logistics Services 10.10. Henningsen Cold Storage Co. 10.11. Coldman 10.12. Congebec Inc 10.13. Conestoga Cold Storage 10.14. NewCold 10.15. Hanson Logistics Confederation Freezers 10.16. Seafrigo 10.17. Trenton Cold Storage 10.18. Merchants Terminal Corporation 10.19. Stockhabo