Cold Chain Industry 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.
This cold chain market report details recent developments, trade regulations, import-export analysis, production analysis, value chain optimisation, market share, the impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, and geographic information. Contact Analytics Market Research for an Analyst Brief to learn more about the Cold Chain market. Our staff will assist you in making an informed choice to build your business.
Market Overview:
The cold chain is a practical method for protecting temperature-sensitive commodities during transport by using refrigerated and thermal packaging. The global food and beverage industry commonly uses the cold chain to protect products against thermal deterioration. The market for cold chains analyses and projects market size in terms of value. The Cold Chain Market is further divided into Type, Packing, Equipment, Application, and Region segments. The Cold Chain market is divided into storage, transportation, and monitoring components based on the kind of vehicle. The market is divided into categories for fruits and vegetables, fruit pulp and concentrates, dairy products, fish and seafood, processed foods, pharmaceuticals, bakery & confectionery, and others based on the application.
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Segmentations:
Competitive Landscape:
The global cold chain market is highly fragmented and competitive, with a large number of players operating in the market. Some of the key players in the market include:
- Americold Logistics
- Lineage Logistics
- United Parcel Service of America, Inc.
- FedEx Corporation
- DHL International GmbH
- DB Schenker
- Burris Logistics
- Nichirei Logistics Group Inc.
- Kloosterboer
- AGRO Merchants Group
Market Segmentation:
The cold chain market can be segmented based on the type of product, service, temperature range, and end-use industry.
- By product type: The market can be segmented into two categories, namely refrigerated storage and refrigerated transport.
- By service: The market can be segmented into two categories, namely transportation and storage. Transportation includes road, air, sea, and rail. Storage includes warehouses, cold storage, and others.
- By temperature range: The market can be segmented into four categories, namely chilled, frozen, deep frozen, and ambient.
- By end-use industry: The market can be segmented into food and beverage, pharmaceuticals, and others. The food and beverage industry includes dairy products, fruits and vegetables, meat, poultry and seafood, and others. The pharmaceutical industry includes vaccines, biologics, and others.
Individual market-impacting elements and domestic market regulation changes that have an affect on the market’s present and future trends are also provided in the country section of the cold chain market study. Some of the key data points used to estimate the market situation for specific nations are consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, and upstream and downstream value chain analysis. When giving prediction analysis of the country data, it also takes into account the presence and accessibility of international brands, the difficulties they encounter owing to strong or weak competition from local and domestic brands, the influence of domestic tariffs, and trade routes.
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Market Trend:
Another element driving the increase in the global cold chain market share is the adoption of IoT. To improve the effectiveness and efficiency of supply networks for goods like fruits, meat, and medications, IoT is being integrated into the cold chain. Businesses may connect flawlessly at every stage of their logistics process by incorporating IoT solutions into the cold chain, which enables a cost-effective benefit. IoT enables businesses to remotely modify and keep an eye on warehouse or vehicle temperature settings. IoT technology also enables organisations, like restaurant operators and other food-related businesses, to precisely track the temperature of food storage facilities. They can then use this to ensure that proper food safety measures are followed.
What are the Key Data Covered in this Cold Chain Market Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive cold chain market growth during the next five years
- Precise estimation of the cold chain market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of cold chain market vendors
