Cold Chain Logistics Market: Global Industry Analysis and Forecast (2024-2030)

Cold Chain Logistics Market was valued at US$ 293.81 Bn. in 2023 and the total revenue is expected to grow at 7.9% of CAGR through 2024 to 2030, reaching nearly US$ 500.28 Bn.
Cold Chain Logistics Market Overview:
Transporting goods and products that must maintain a specific temperature safely along the supply chain is made possible by cold chain logistics, technology, and procedure. To assess and account for the relationship between temperature and highly perishable, it mainly relies on science.

Any product that is considered to be perishable or is so labeled likely requires cold chain management. Foods including meat and fish, fruit, medications, and medical supplies might all fall under this category. As a result, the logistics sector is seeing an increase in the specialization and segmentation of cold chain transportation within various possible specific markets found within global supply chains. The distribution sector as a whole has been particularly active in leveraging the twin development of supply chains' spatial extension, encouraged by globalization, and the wide range of commodities in circulation, and driving the cold chain logistics market growth.

The relevance of the cold chain logistic demand keeps increasing and same is driving the Cold Chain Logistics Market. For example, the manufacture, testing, and transportation of pharmaceuticals all largely rely on the regulated and secure transfer of goods. The majority of pharmaceutical items that travel in the cold chain are still in the testing or development stages. Clinical research and trials make up a large portion of the multimillion-dollar sector, but they also have an 80% failure rate. 10% or so of pharmaceuticals are temperature-sensitive. These shipments face the danger of losing their effectiveness or even harming patients if they open up opportunities exposed to different temperature levels.To know about the Research Methodology :- Request Free Sample Report
Cold Chain Logistics Market Dynamics:
Logistics Suppliers and their supply capacity

There are some top cold chain logistic suppliers, Liaoning Province's cold chain logistics providers are mostly centered in the cities of Dalian and Shenyang. There aren't many third-party suppliers of integrated cold chain logistics who can offer integrated services; rather, the majority of them are companies that can only offer one type of cold chain logistics market service, such as storage or transportation. The primary cold chain logistics providers in Liaoning Province are split into three groups based on the service offerings they provide, and Table 5 below provides information on their in-house cold chain logistics infrastructure and cold chain logistics market supply capacity. Cold storage resources and services are mostly provided by cold chain logistics vendors based on warehousing services. Distribution-based cold chain logistics providers have refrigerated trucks and primarily offer chilled transport services. Additionally, providers of integrated cold chain logistics services have access to greater cold storage space and, more crucially, may offer integrated cold chain logistics market services. More details are covered in the report.



Cold chain logistics supplier category
Enterprise name
Cold storage (10,000 tons)
Refrigerated vehicles
Service capability


Cold chain logistics suppliers based on warehousing services
Shenyang Non-staple Food Group
12

Cold storage services


Zhang Shi Logistics Park
7.5



Shenyang Chengda Refrigeration Co., Ltd.
5.5



Dalian Mingfeng Taida Logistics Co., Ltd
5



Cold chain logistics suppliers based on the distribution
Dalian city logistics co-distribution center
21,000 m2 of cold storage
6
Refrigerated distribution in Dalian


Zhongying Beixing Cold Chain Logistics Co., Ltd.
0
10
Refrigerated and frozen goods freight in Northeast China


Integrated cold chain logistics service suppliers
Yurun Group
20
100
Mainly meet the needs of their own enterprises for cold chain logistics


Zhangzi Island Group
10



Dalian Gang Yidu Cold Chain Co., Ltd.
74

Mainly provide the high value fresh agricultural product integrated cold chain logistics services



Key features of using IoT for cold chain logistics

Cold chain logistics market key players have started adopting IoT and same is making operations more efficient. By enabling real-time monitoring, offering data insights, and assisting businesses in making choices swiftly, it can assist in overcoming some of the significant issues now encountered in the cold chain logistics industry. Here are some of the most important benefits that IoT offers to cold chain logistics market.

The main advantage of IoT for cold chain logistics is enhanced productivity and efficiency. The existing cold chain logistics procedures take a long time and need a lot of human interaction. For example, a typical temperature monitoring procedure now uses manual readings that must be continuously monitored and evaluated. The information must then be manually put into a system and examined to provide a thorough understanding of the logistics cycle. This approach turns out to be exceedingly time-consuming and ineffective.

However, real-time temperature readings and automated system updates are possible with a supply chain management system that is IoT connected. This drastically lessens the logistics process' reliance on people. If necessary, adjustments may be done quickly and result in increased productivity and efficiency and drive the cold chain logistics market. More details of each feature are covered in the report.

High Cost to restrain the cold chain logistics market growth

Preventing food quality and safety issues including early expiration, decay, and spoiling is a top priority for producers, retailers, and consumers in the food sector due to high energy costs and the necessity of large capital expenditure. In order to do this, service providers now need to make investments in modern cold storage facilities, high-tech vehicles, and system technologies. Energy prices are particularly high in North America and Europe, which is why they are a major issue for cold chain suppliers. The traditional fluorescent lighting used in refrigerated storage facilities is always on since it is required by regulations. Governments from several countries have tried to sabotage investments in cold chain infrastructure, pre-cooling facilities, chilled storage, and transportation packaging, and information management systems. As the demand for refrigerated vehicles in cold chains, particularly in North America and Europe, has increased over the past several years, fuel prices and effective monitoring of fuel use are some of the other top issues for cold chain suppliers. However, running cold chains in emerging economies has unique challenges. For cold chain enterprises, the annual operating expenses per cubic foot are significantly greater.
Cold Chain Logistics Market Segment Analysis:
Based on Type, the Cold Chain Logistics Market is segmented into Refrigerated transport, Refrigerated warehousing. Refrigerated warehousing held the largest market share during the forecast period. Cold storage and related warehouses are nothing new. Long before the convenience of home fridges and freezers was created, humanity was preserving food at cool temperatures because humans have always needed to eat. The idea is that by keeping food goods cold, they would remain healthy and safe for a longer period of time these factors create demand for cold chain logistics market.

Cold storage warehousing has evolved over time from Victorian-era ice houses to industrial-size operations that make use of advanced, high-tech facilities, frequently with high degrees of automation. Most of the concern, as cold storage warehouses came under the spotlight, was focused on how pharmacies and immunization clinics would manage to receive and keep massive doses of vaccine at the necessary -70°C temperature.

Cold storage warehouses frequently contain sensors that regulate the inside temperature since the items there are sensitive to fluctuations in temperature. Dehumidifiers are used to manage and lower ice formation since humidity is a key factor in the cold storage logistics market. Mobile pallet racking may also be used in cold warehouse storage solutions. Due to the system's single operational aisle, floor space is used the most. When compared to traditional pallet racking, this offers the advantage of conserving 40% of the floor area and increasing total storage capacity by up to 80%.

Drive-in racking is another excellent choice for chilled and cold storage items. This form of warehousing enables large-scale storage, increasing the efficiency of the same amount of space by up to 90%. As long as governments are committed to achieving net zero carbon emissions across all sectors by 2050, warehouse sustainability will be a particular issue for the new cold storage facilities being constructed.

The development of AGV-driven vehicles for use in cold store settings will receive more funding as a result of the growing emphasis on sustainability. The goal is to maximize the efficiency of the warehouses. Pallet shuttle systems lessen the requirement for forklift trucks by reducing the amount of labor required. These systems are best suited for low SKU-level warehousing that requires an effective yet small storage solution.

Pallet-flow systems, which utilize up to 60% less flow area, enable for quick access in cold storage facilities with significant product turnover.

Based on the Application, the Cold Chain Logistics Market is segmented into Dairy & frozen desserts, Fish, meat, and seafood products, Bakery & confectionery products, Fruits & vegetables, and Others. Agricultural products like fruits and vegetables and dairy products are expected to dominate the market during the forecast period. Fresh agricultural products (FAPs) are severely depleted in circulation despite our country's recent fast increase in FAP output. Then, strengthen the demand for cold chain logistics market construction.

For example, primary vegetables, fruits, meat, poultry, eggs, fish, flowers, and other primary agricultural products; frozen food, poultry, meat, fish, and other packaged cooked food; ice cream and processed foods like dairy, chocolate, and snack foods; and medications are all examples of cold chain logistics activities. Agricultural items that are grown, farmed, processed, or processed exclusively for human consumption are referred to as fresh agricultural products (FAPs). Fruits (fruits), vegetables, animals, and other items are the key categories. The majority of them are perishable goods that can't be kept for a long time and need special storage conditions.

However, China is significantly trailing behind in the development of cold chain logistics for fresh agricultural products. Approximately 400 million tons of fresh agricultural goods enter the market each year, according to data. 95% of fruits and vegetables, 80% of aquatic goods, and 90% of meat are sold without a cold chain guarantee. Fresh agricultural product losses are more severe, with a 12% loss rate from meat consumption, a 15% loss from aquatic goods, and a 20% to 30% loss from fruits and vegetables. The yearly loss of just fruits and vegetables is more than 100 billion yuan, and the high logistical loss is exacerbated. Prices for agricultural goods have increased as a result of quality and safety concerns and hamper the cold chain logistic market growth.




Fresh fruits and vegetables







Agricultural products that need cold-chain logistics
Fruits and vegetables Suitable for low-temperature storage and transportation
Fruits and vegetables less sensitive to cold damage
Cold-sensitive fruits and vegetables
Aquatic product
Eggs
Milk
Chilled fresh meat
Hot fresh meat


Temperature requirements (˚C)
−1 - 5
5, - 8
8, - 12
0
0
2,-6
0,-5
Hot fresh meat


Cold chain logistics requirements
Post-harvest selection, pre-cooling, temperature-controlled transportation, and warehousing
Cooling or micro-freezing, temperature-controlled transport and warehousing
Pre-cooling, temperature-controlled transportation, and warehousing
Cooling, sterilization, filling, temperature-controlled transportation, and warehousing
Cooling after slaughter, temperature-controlled transportation, and warehousing
The whole circulation process does not carry on the temperature control, the microorganism cannot be restrained, is easy to pollute, and cannot guarantee the meat edible safety


Requirements for cold chain facilities
Pre-cooling room, air-conditioned storage, temperature-controlled transport vehicles
Cooling or micro-freezing equipment, cold storage, refrigerated transport vehicles
Pre-cooling room, temperature-controlled storage &transport vehicles
Pre-cooling room, temperature-controlled storage & transport vehicles
Pre-cooling room, cold storage, refrigerated transport vehicles


Quality requirements for cold chain logistics
Ensure temperature control throughout the flow process from harvest to delivery to consumers




Capacity for cold chain logistics costs
The affordability of cold chain logistics costs is generally low, except for a small number of high-value fruits and vegetables
Generally - high
Generally - low
Generally low
Medium



Demand for cold chain logistics talent
Cold chain logistics grassroots operators and middle and senior management personnel who master logistics management, food quality management, refrigeration technology, refrigeration technology, information technology, and other areas of knowledge and skills of the cold chain logistics




Vietnam is one of the top five exporters of agricultural goods and seafood, but due to difficulties with transportation and storage, these goods suffer significant damage. This results in product waste, which has further effects on both high domestic consumption and the exportation of significant reserves and increases the cold chain logistics market demand in Vietnam. The cold supply chain concept is now being used in Vietnam, however, most agricultural production and export companies have not yet completely implemented it from "farm gate to food plate" at every point of the distribution chain. Additionally, it would be tough to achieve several standards for product preservation utilizing logistics services.

For example, finding a trustworthy partner should be a difficult effort. Therefore, by increasing awareness of the phrase "cold chain logistics," the relationship between farmers, companies, and logistics providers for agricultural goods may be enhanced, resulting in higher-quality products and driving the cold chain logistics market.
Regional Insights:
The Asia Pacific region dominated the market with a 45 % share in 2023. As there has been an increase in funding from the governments of various countries for building the cold chain logistics infrastructure. The market for cold chain logistics has grown as a result of the high demand for various types of processed food goods and the rise in demand for frozen dairy and even meat products. The countries of Japan, South Korea, China, and India have had the most growth. The largest market share for the application of cold chain logistics is expected in these regions. The market for cold chain logistics is expected to grow over the forecast period due to the rising number of pharmaceutical companies and FDI.

China has released its first five-year plan that focuses on accelerating the development of cold-chain logistics. This initiative will assist the country to fulfill the growing public demand for high-quality agricultural products, frozen foods, and pharmaceuticals these increases the demand in the cold chain logistics market.

The goal of the growth plan, which was released on December 12 by the General Office of the State Council, is to create a cold-chain logistics network by 2025 that connects production and sales locations, covers urban and rural areas, and links domestic and international cold chain logistics markets. In addition to strengthening weak links in facilities that are directly connected to farmers and consumers, the government will plan the building of 100 national cold-chain logistics depots close to regions recognized for significant production, distribution, and sales of agricultural commodities. This year, fresh food retail sales in China are anticipated to reach 5.4 trillion yuan ($846.8 billion), an increase of 8% from 2020. 380 billion yuan was the market volume for cold-chain logistics, in contrast, continuing double-digit growth.

The green growth of the energy-intensive cold chain industry is essential to achieving national targets for peak carbon dioxide emissions by 2030 and carbon neutrality before 2060. China will create a network of cold-chain logistics corridors to connect its major urban centers and agricultural-producing regions and to strengthen the function of its major distribution and logistics hubs.

In a news briefing earlier this month, Zhang Jiangbo, the deputy director-general of the economic and trade department at the National Development and Reform Commission, noted that China's cold-chain network is currently confronted with a number of difficulties, including the absence of significant logistics hubs and an undeveloped national network. As both urban and rural populations' level of life has increased, so has the need for fresh food. "The public wants to eat food that is both healthy and safe in addition to excellent meals. For this reason, cold-chain logistics has gained more and more attention." and drives the cold-chain logistics market. The report covers details of each country with top manufacturing key players and their investments in the cold chain logistics market.
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Global Cold Chain Logistics Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 293.81 Bn.


Forecast Period 2024 to 2030 CAGR:
7.9%
Market Size in 2030:
US $ 500.28 Bn.


 Segments Covered:
by Product
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 (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Key Players are:
1. Americold Logistics, Inc (US)
2. Lineage Logistics Holdings LLC (US)
3. Burris Logistics (US)
4. United States Cold Storage (US)
5. Tippmann Group (US)
6. NewCold (US)
7. Seafrigo (US)
8. Merchants Terminal Corporation (US)
9. Nordic Logistics (US)
10.Cold Chain Technologies, Inc. (US)
11.Cold Box Express, Inc. (US)
12.Valor Industries (US)
13.Congebec Inc (Canada)
14.Conestoga Cold Storage (Canada)
15.Cryopak Industries Inc. (Canada)
16.Trenton Cold Storage (Canada)
17.VersaCold Logistics Services (Canada)
18.va Q tec AG (Germany)
19.Intelsius (UK)
20.Sofrigam (France)
21.Kloosterboer (Netherlands)
22.Stockhabo (Belgium)
23.Nichirei Corporation (Japan)
24.Coldman (India)
25.Nilkamal Limited (India)

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 Product Type and End User.

2] Which region is expected to hold the highest share in the Global Cold Chain Logistics Market?
Ans. The Asia Pacific region is expected to hold the highest share of the Cold Chain Logistics Market.

3] What is the market size of the Global Cold Chain Logistics Market by 2030?
Ans. The market size of the Cold Chain Logistics Market by 2030 is expected to reach US$ 500.28 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 2024-2030

5] What was the market size of the Global Cold Chain Logistics Market in 2023?
Ans. The market size of the Cold Chain Logistics Market in 2023 was valued at US$ 293.81 Bn.