Cold Chain Market Research Report

 

Growth opportunities in the cold chain market look promising over the next six years. This is mainly due to the growing need for temperature control to prevent health risks, technological developments in the packaging and storage of various products and increasing government support.

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Cold Chain Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The surging demand for perishable food items, increasing requirement of temperature control to protect various health hazards, and growing sustainability of convenience food led by modernization are the major drivers responsible for the growth of the global cold chain market. Also, a boost in the international trade of perishable goods owing to trade liberalization policy, enlargement of organized food retail industry, and technological developments will raise the market demand. The growing initiatives by the government to decrease the post-harvest and processed food wastage for infrastructural expansion across developing nations will strengthen the market share. The upliftment in the disposable income of individuals coupled with the fast urbanization will promote the market share. However, increasing environmental concerns relating to greenhouse gas emissions and huge operational value may restrain the market growth.

Type Segment Drivers

Based on the type, Refrigerated Storage is anticipated to lead the market during the forecast period owing to their accelerating capacities primarily in the Asia-Pacific region and augmenting inclination preference for packaged food. Moreover, the switch in the storage of food products from cold storage warehouses to the provision of value-added services to customers will further fuel the growth of the industry.

Application Segment Drivers

On the basis of application, Dairy & Frozen Desserts are expected to dominate the market during the forecast period. This is because of the economic growth, increasing urban population, and alteration in the dietary patterns of the consumer. On the other edge, Bakery & Confectionery products are projected to grow at a higher CAGR over the forecast period, led by intensifying disposable income and varying food habits.

Regional Drivers

Based on the regional coverage, Europe is projected to witness a faster CAGR over the forecast period due to the propelling demand for cold chains and rising consumption of high-quality perishable commodities across the globe. On the other hand, Asia-Pacific is predicted to increase at a higher CAGR over the forecast period owing to the surging consciousness awareness towards the prohibition of wastage of food before consumption, and increasing demand for perishable food among consumers, and favorable initiatives by the government.

Cold Chain Market’s leading Manufacturers:

·        Tippmann Group

·        Burris Logistics, Inc.

·        Kloosterboer Group B.V.

·        Swire Group

·        Lineage Logistics Holdings, LLC

·        Henningsen Cold Storage Company

·        Interstate Cold Storage, Inc.

·        Agro Merchants Group

·        Nichirei Corporation,

·        Americold Logistics LLC

 

Cold Chain Market Segmentation:

Segmentation by Type:

·        Refrigerated Storage

·        Refrigerated Transport

Segmentation by Temperature Type:

·        Chilled

·        Frozen

Segmentation by Application:

·        Dairy & Frozen Desserts

·        Fish, Meat and Seafood Products

·        Fruits & Vegetables

·        Bakery & Confectionery Products

·        Others

Segmentation by Technology:

·        Blast Freezing

·        Vapor Compression

·        Programmable Logic Controller (PLC)

·        Evaporating Cooling

·        Cryogenic Systems

·        Others

Segmentation by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

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