Cold Chain Market was valued at US$ 253.15 Bn. in 2021. Global Cold Chain Market size is estimated to grow at a CAGR of 8.6% over the forecast period.
Cold Chain Market Overview:The cold chain is an effective technique that uses refrigerated and thermal packaging to keep temperature-sensitive goods safe during transportation. The cold chain is frequently utilized in the global food and beverage sector to preserve items against temperature harm. The Cold Chain market analyses and forecasts the market size, in terms of value, for the market. Further, the Cold Chain Market is segmented by Type, Packaging, Equipment, Application, and Region. Based on Vehicle Type, the Cold Chain market is segmented under Storage, Transportation, and Monitoring Components. Based on the Application, the market is segmented under the Fruits & Vegetables, Fruit Pulp & Concentrates, Dairy Products, Fish & Seafood, Processed Food, Pharmaceuticals, Bakery & Confectionery, and Others. The market sizing and forecasts have been done for each segment based on value (in USD Billion). To know about the Research Methodology :- Request Free Sample Report
Cold Chain Market Dynamics:Market Drivers: Consumer demand for perishable foods is increasing: Consumers are becoming more conscious of health and wellbeing, as well as the impact that food components, particularly protein, have on total physical and mental development. Perishable goods, such as dairy products, fruits and vegetables, and high-protein animal-based products, have changed consumption patterns as a result of this (such as meat, eggs, fish, and seafood). Government initiative regarding the reduction of food-wastage: Many governments are taking steps to reduce food and agricultural waste. Increasing government subsidies have allowed service providers to enter these burgeoning markets with new mobility solutions. Cold chain services are designed to carry and store temperature-sensitive products in optimal circumstances. Pharmaceuticals necessitate a cold chain: Logistical support for the cold chain because of the rise of pharmaceutics, which necessitates accurate temperature and timing control, it has become a prerequisite. Hydrotherapy is a biomedical test as well as a regulator medication in the form of steam cells, and it is driving modern medicine's trends in which temperature management is required to maintain efficiency and ensure quality. Dairy and frozen desserts are expected to drive the industry forward: The need for easy food products has increased as urbanization has increased. Also, customers' increasing preference for convenience and longer shelf life is contributing to the acceptance of healthy frozen meals, which is fueling the growth of dairy and frozen sweets. Because food quality is so important, the dairy and frozen dessert industries are investing extensively in technologies that can help support and differentiate products. Restraints: High energy prices and substantial investment capital required: Preventing early expiry, decay, and spoilage of food is a key concern for food manufacturers, traders, and consumers in the food industry. Service providers must now invest in contemporary cold storage facilities, advanced vehicles, and system technologies in order to achieve this. High energy prices, on the other hand, are becoming an increasing problem for cold chain providers (energy costs are exceptionally high in North America and Europe). Traditional fluorescent light fixtures are used in refrigerated storage facilities, and they must be turned on all year because it is required by law. Several governments have attempted to boost cold chain infrastructure investment, including pre-cooling facilities, refrigerated storage and transport, packaging, and information management systems. Fuel prices and lack of efficient consumption management: Fuel costs and effective fuel consumption management are two other key challenges for cold chain providers, as the need for refrigerated trucks in cold chains has expanded in recent years, particularly in North America and Europe. Emerging economies, on the other hand, face unique challenges when it comes to operating cold chains. Cold chain enterprises have substantially higher annual operating expenses per cubic foot. Cold Chain's Negative Environmental Impact: Cold chain systems' negative environmental implications, such as the emission of harmful greenhouse gases, may limit the global cold chain market's growth in the next years. The cold chain requires energy, and the production of this energy leads to CO2 production and climate change. Also, the production and direct loss of refrigerant utilized in refrigeration systems contribute. Market Opportunity: The organized retail industry is expanding: A major element fueling the growth of the cold chain market is the development of retail channels and chains in the form of supermarkets, hypermarkets, and convenience stores. Also, retail chains have progressed to the point that several producers now have their own chilled storing facilities. Walmart, Tesco, Spar, and 7-Eleven are all growing their food retailing operations. Walmart is the world's largest international retailer, with over 11,000 locations in 27 countries. It has a huge fleet for perishable commodities transportation and an efficient distribution network. It also employs third-party chilled warehousing service providers to efficiently convey perishable commodities to its retail locations. The rise of such huge merchants, as well as their expanding operations in international trade, is spurring growth in the refrigerated warehousing and refrigerated transportation markets. Market Challenge: Emerging countries lack effective infrastructure: The cold chain is a severely fragmented industry. In some regions' cold chain service providers lack the resources and technology needed to establish high-quality cold chain facilities. A key difficulty remains the lack of proper food storage, processing, and cold chain logistics, as well as a lack of structure and implementation of controls for standard compliance. Cold chain service providers encounter numerous obstacles in a cold chain network, from sourcing to retail distribution. The lack of missing links in these networks continue to limit route options, while limited capacity and bad infrastructure increase transit costs and time.
Cold Chain Market Segment Analysis:Based on Type, in terms of revenue, the storage category accounted for more than 60.3 % of revenue in 2021 and is expected to maintain its dominance over the forecast period, owing to rising global demand for packaged goods. The demand for frozen meals is being driven by changing consumer dietary patterns and lifestyles. It is forecasted to increase the demand for storage solutions. Food, beverage, and healthcare products require the use of cold chain systems. The transportation market is likely to be driven by demand for high-cube refrigerated trailers, connected refrigerated trucks, insulated containers, and vehicles that encourage cross-product movement over the forecast period. The adoption of cold chain temperature monitoring solutions has been positively influenced by the efficient management of cold storage, which is heavily reliant on software and hardware components used for monitoring purposes. Based on Application, the fish, meat, and seafood category dominated the market in 2021, accounting for 26.8 % of total revenue. Technological advancements in seafood processing, packaging, and storage are supposed to drive this segment's growth. Also, the increased fish output is for helping the market thrive. However, due to ongoing packaging material developments, processed food is expected to be the fastest-growing application area over the forecast years. Foods have a longer shelf life because to advancements in packaging materials. Over the last few years, this has increased the trade of processed foods.
Cold Chain Market Regional Insights:The Asia Pacific region held the largest market share accounting for 50.64% in 2021. The Asia Pacific region is expected to witness significant growth at a CAGR of 13.1% through the forecast period. Strong growth in the life sciences and food industries across the Asia Pacific is opening up new doors for one of the most promising divisions of the cold chain industry. The Asia Pacific region, which accounts for over 60% of the global population, has a large market base for healthcare and food product providers. With rising disposable incomes and an aging population, healthcare spending in the region is growing rapidly and remains critical to international pharmaceutical and biotechnology businesses' future prospects. As a result, demand for temperature-sensitive healthcare products such as vaccines, biopharmaceuticals, clinical trial materials, and other such items has increased.
Cold Chain Market Competitive Landscape:To keep ahead of the competition and maintain efficiency, integrity, and safety, major service providers in the industry are always improving their technologies. Vendors have implemented HACCP and RFID technology to increase efficiency while reducing the size of shipments. They're also expanding their multi-compartment refrigerated vehicle fleets to offer more services to customers. Americold Logistics, Lineage Logistics Holdings, Nichirei Corporation, Burris Logistics, Agro Merchants Group, Kloosterboer, United States Cold Storage, Tippmann Group, VersaCold Logistics Services, and Henningsen Cold Storage Co. are some of the key players of the cold chain market. The objective of the report is to present a comprehensive analysis of the global Cold Chain Market to the stakeholders in the industry. The past and current status of the industry with the forecasted 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 industry 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 industry to the decision-makers. The reports also help in understanding the Cold Chain Market dynamic, and structure by analyzing the market segments and projecting the Cold Chain Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Cold Chain Market make the report investor’s guide.
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Cold Chain Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US$ 253.15 Bn. Forecast Period 2022 to 2029 CAGR: 8.6% Market Size in 2029: US$ 489.79 Bn. Segments Covered: by Type • Storage o Warehouses o Reefer Containers • Transportation o Road o Sea o Rail o Air • Monitoring Components o Hardware o Software by Packaging • Product • Material by Equipment • Storage Equipment • Transportation Equipment by Application • Fruits & Vegetables • Fruit Pulp & Concentrates • Dairy Products o Milk o Butter o Cheese o Ice-cream • Fish, Meat, and Seafood • Processed Food • Pharmaceuticals • Bakery & Confectionary
Cold Chain Market by Region• North America • Europe • Asia Pacific • Middle East and Africa • South America
Cold Chain 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. • CWT Pte Limited • Orient Overseas (International) Limited • JWD Group Inc. • Swire Cold Chain Logistics Co. Ltd • XPO Logistics Inc. Frequently Asked Questions: 1] What is the forecasted market size and growth rate of the Global Cold Chain market? Ans. Forecasted market size US$ 489.79 Bn. till 2029, with a CAGR of 8.6 %. 4] What is the forecast period for the Global Cold Chain Market? Ans. The forecast period for the Cold Chain Market is 2022-2029. 3] Which region is expected to hold the highest share in the global Cold Chain Market? Ans. The Asia Pacific region is expected to hold the highest share in the Cold Chain market. 4] Which are the leading key players in the global Cold Chain market? Ans. Americold Logistics, Lineage Logistics Holdings, Nichirei Corporation, Burris Logistics, Agro Merchants Group, Kloosterboer, United States Cold Storage, Tippmann Group are some of the key players of the Cold Chain market. 5] What segments are covered in Global Cold Chain? Ans. The Global Cold Chain market is segmented in Type, Packaging, Equipment, application, and Region.
1. Global Cold Chain Market Size: Research Methodology 2. Global Cold Chain Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Cold Chain 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 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 Market Size Segmentation 4.1. Global Cold Chain Market Size, by Type (2021-2029) • Storage o Warehouses o Reefer Containers • Transportation o Road o Sea o Rail o Air • Monitoring Components o Hardware o Software 4.2. Global Cold Chain Market Size, by Packaging (2021-2029) • Product • Material 4.3. Global Cold Chain Market Size, by Equipment (2021-2029) • Storage Equipment • Transportation equipment 4.4. Global Cold Chain Market Size, by Application (2021-2029) • Fruits & Vegetables • Fruit Pulp & Concentrates • Dairy Products o Milk o Butter o Cheese o Ice-cream • Fish, Meat, and Seafood • Processed Food • Pharmaceuticals • Bakery & Confectionary • Others (Ready-to-cook, Poultry) 5. North America Cold Chain Market (2021-2029) 5.1. Global Cold Chain Market Size, by Type (2021-2029) • Storage o Warehouses o Reefer Containers • Transportation o Road o Sea o Rail o Air • Monitoring Components o Hardware o Software 5.2. Global Cold Chain Market Size, by Packaging (2021-2029) • Product • Material 5.3. Global Cold Chain Market Size, by Equipment (2021-2029) • Storage Equipment • Transportation Equipment 5.4. Global Cold Chain Market Size, by Application (2021-2029) • Fruits & Vegetables • Fruit Pulp & Concentrates • Dairy Products o Milk o Butter o Cheese o Ice-cream • Fish, Meat, and Seafood • Processed Food • Pharmaceuticals • Bakery & Confectionary • Others (Ready-to-cook, Poultry) 5.5. Transportation equipment North America Cold Chain Market, by Country (2021-2029) • United States • Canada • Mexico 6. European Cold Chain Market (2021-2029) 6.1. European Cold Chain Market, by Types(2021-2029) 6.2. European Cold Chain Market, by Packaging (2021-2029) 6.3. European Cold Chain Market, by Equipment(2021-2029) 6.4. European Cold Chain Market, by Application (2021-2029) 6.5. European Cold Chain Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Cold Chain Market (2021-2029) 7.1. Asia Pacific Cold Chain Market, by Types(2021-2029) 7.2. Asia Pacific Cold Chain Market, by Packaging (2021-2029) 7.3. Asia Pacific Cold Chain Market, by Equipment (2021-2029) 7.4. Asia Pacific Cold Chain Market, by Application (2021-2029) 7.5. Asia Pacific Cold Chain Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Cold Chain Market (2021-2029) 8.1. Middle East and Africa Cold Chain Market, by Types(2021-2029) 8.2. Middle East and Africa Cold Chain Market, by Packaging (2021-2029) 8.3. Middle East and Africa Cold Chain Market, by Equipment (2021-2029) 8.4. Middle East and Africa Cold Chain Market, by Application (2021-2029) 8.5. Middle East and Africa Cold Chain Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Cold Chain Market (2021-2029) 9.1. South America Cold Chain Market, by Types(2021-2029) 9.2. South America Cold Chain Market, by Packaging (2021-2029) 9.3. South America Cold Chain Market, by Equipment (2021-2029) 9.4. South America Cold Chain Market, by Application (2021-2029) 9.5. South America Cold Chain 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. CWT Pte Limited 10.12. Orient Overseas (International) Limited 10.13. JWD Group Inc. 10.14. Swire Cold Chain Logistics Co. Ltd. 10.15. XPO Logistics Inc.