Cold Chain Market: By Type, By Application, By Temperature Type and Region Forecast 2019-2030
Cold Chain Market: By Type, By Application, By Temperature Type and Region Forecast 2019-2030
Cold Chain Market size was valued at US$ 242.8 billion in 2023 and is poised to grow at a significant CAGR of 7.9% from 2024-2030. Due to an increase in the number of cold chain facilities in developed and developing countries. Moreover, the rise in the adoption of processed food products, and technological advancements in packaging and storage are the major factors that are driving the growth of the market over the forecast years. The term "cold chain" refers to a system that combines temperature-controlled surface transportation with a supply chain. It refers to the freezing solutions used to keep things including fresh agricultural produce, seafood, frozen food, photographic film, chemicals, and pharmaceutical in good condition and with a long shelf life. Cold chains are critical for increasing the shelf life of products, minimizing overcapacity, decreasing transportation bottlenecks during peak periods, and ensuring product quality.
Over the projected period, the industry is expected to develop because of the increasing penetration of connected devices and the automation of refrigerated warehouses around the world. Increased demand for cold chain solutions is being driven by an expansion in the number of organized retail establishments in emerging economies. Furthermore, over the projected period, trade liberalization, government measures to reduce food waste, and multinational company expansion of retail chains are likely to drive sector growth. The World Trade Organization (WTO) and bilateral free trade agreements, such as the European Union Free Trade Agreement (FTA) and the North America Free Trade Agreement (NAFTA), have allowed exporters in the United States and Europe to grow perishable food trade while avoiding import tariffs.
Study Period
2024-2030Base Year
2023CAGR
7.9%Largest Market
North AmericaFastest Growing Market
Europe
Increase in the consumption of frozen food products is a key factor drive the growth of global cold chain market over the forecast years. Moreover, rise in population demanding for healthy food, meat, and dairy products, increase in international trading of meat and frozen products, government initiations for cold storage facilities coupled with stringent regulations for food safety are boost the global market over the forecast years.
North America accounted for larger revenue share in global cold chain market with significant CAGR. Increase in agriculture farming in U.S. and Canada, increase in the consumption of meat, dairy, and processed food products, and technological advancements in the cold chain storage are anticipated to propel the market in North America region.
Europe market projected to grow at significant rate owing to increase in number of cold chain facilities in Europe, surge in government investments for cold chain facilities, rise in demand for quality food products are expected to enhance the market.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 242.8 billion |
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Market CAGR |
7.9% |
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By Type |
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By Application |
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By Temperature Type |
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By Region |
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The global cold chain market size was valued at US$ 242.8 billion in 2023 projected to grow at CAGR 7.9% from 2024-2030.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
The key players are Americold Logistics (US), Burris Logistics (US), Lineage Logistics (US), Nichirei Logistics (Japan), AGRO, Merchants (US), Kloosterboer (Netherlands), Swire Cold, Storage (Australia), VersaCold Logistics (Canada), Interstate Warehousing (US)
| 1. Executive Summary |
| 2. Global Cold Chain Market Introduction |
| 2.1. Global Cold Chain Market - Taxonomy |
| 2.2. Global Cold Chain Market - Definitions |
| 2.2.1. Type |
| 2.2.2. Application |
| 2.2.3. Temperature Type |
| 2.2.4. Region |
| 3. Global Cold Chain Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Key Developments |
| 4. Global Cold Chain Market By Type, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 4.1. Cold Chain Storage |
| 4.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 4.1.3. Market Opportunity Analysis |
| 4.2. Cold Chain Transport |
| 4.2.1. Road Transportation |
| 4.2.1.1. Full Truck Load |
| 4.2.1.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.2.1.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 4.2.1.1.3. Market Opportunity Analysis |
| 4.2.1.2. Less than Truck Load |
| 4.2.1.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.2.1.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 4.2.1.2.3. Market Opportunity Analysis |
| 4.2.2. Sea Transportation |
| 4.2.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.2.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 4.2.2.3. Market Opportunity Analysis |
| 4.2.3. Rail Transportation |
| 4.2.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.2.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 4.2.3.3. Market Opportunity Analysis |
| 4.2.4. Air Transportation |
| 4.2.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.2.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 4.2.4.3. Market Opportunity Analysis |
| 5. Global Cold Chain Market By Application, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 5.1. Food and Beverages |
| 5.1.1. Fruits and Vegetables |
| 5.1.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.1.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.1.3. Market Opportunity Analysis |
| 5.1.2. Dairy Products |
| 5.1.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.1.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.2.3. Market Opportunity Analysis |
| 5.1.3. Meat and Seafood |
| 5.1.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.1.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3.3. Market Opportunity Analysis |
| 5.1.4. Processed Food |
| 5.1.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.1.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.4.3. Market Opportunity Analysis |
| 5.1.5. Bakery and Confectionary |
| 5.1.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.1.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.5.3. Market Opportunity Analysis |
| 5.2. Pharmaceutical and Healthcare |
| 5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Chemicals |
| 5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Others |
| 5.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6. Global Cold Chain Market By Temperature Type, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 6.1. Chilled |
| 6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Frozen |
| 6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Deep-Frozen |
| 6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. Global Cold Chain Market By Region, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific |
| 7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. MEA |
| 7.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Cold Chain Market - Opportunity Analysis Index, By Application, Type, Temperature Type, and Region, 2024-2030 |
| 8. North America Cold Chain Market, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 8.1. Type Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Cold Chain Storage |
| 8.1.2. Cold Chain Transport |
| 8.1.2.1. Road Transportation |
| 8.1.2.1.1. Full Truck Load |
| 8.1.2.1.2. Less than Truck Load |
| 8.1.2.2. Sea Transportation |
| 8.1.2.3. Rail Transportation |
| 8.1.2.4. Air Transportation |
| 8.2. Application Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1. Food and Beverages |
| 8.2.1.1. Fruits and Vegetables |
| 8.2.1.2. Dairy Products |
| 8.2.1.3. Meat and Seafood |
| 8.2.1.4. Processed Food |
| 8.2.1.5. Bakery and Confectionary |
| 8.2.2. Pharmaceutical and Healthcare |
| 8.2.3. Chemicals |
| 8.2.4. Others |
| 8.3. Temperature Type Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1. Chilled |
| 8.3.2. Frozen |
| 8.3.3. Deep-Frozen |
| 8.4. Country Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.4.1. USA |
| 8.4.2. Canada |
| 9. Europe Cold Chain Market, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 9.1. Type Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Cold Chain Storage |
| 9.1.2. Cold Chain Transport |
| 9.1.2.1. Road Transportation |
| 9.1.2.1.1. Full Truck Load |
| 9.1.2.1.2. Less than Truck Load |
| 9.1.2.2. Sea Transportation |
| 9.1.2.3. Rail Transportation |
| 9.1.2.4. Air Transportation |
| 9.2. Application Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Food and Beverages |
| 9.2.1.1. Fruits and Vegetables |
| 9.2.1.2. Dairy Products |
| 9.2.1.3. Meat and Seafood |
| 9.2.1.4. Processed Food |
| 9.2.1.5. Bakery and Confectionary |
| 9.2.2. Pharmaceutical and Healthcare |
| 9.2.3. Chemicals |
| 9.2.4. Others |
| 9.3. Temperature Type Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1. Chilled |
| 9.3.2. Frozen |
| 9.3.3. Deep-Frozen |
| 9.4. Country Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1. Germany |
| 9.4.2. France |
| 9.4.3. Italy |
| 9.4.4. Spain |
| 9.4.5. UK |
| 9.4.6. Rest of Europe |
| 10. Asia Pacific Cold Chain Market, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 10.1. Type Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Cold Chain Storage |
| 10.1.2. Cold Chain Transport |
| 10.1.2.1. Road Transportation |
| 10.1.2.1.1. Full Truck Load |
| 10.1.2.1.2. Less than Truck Load |
| 10.1.2.2. Sea Transportation |
| 10.1.2.3. Rail Transportation |
| 10.1.2.4. Air Transportation |
| 10.2. Application Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Food and Beverages |
| 10.2.1.1. Fruits and Vegetables |
| 10.2.1.2. Dairy Products |
| 10.2.1.3. Meat and Seafood |
| 10.2.1.4. Processed Food |
| 10.2.1.5. Bakery and Confectionary |
| 10.2.2. Pharmaceutical and Healthcare |
| 10.2.3. Chemicals |
| 10.2.4. Others |
| 10.3. Temperature Type Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1. Chilled |
| 10.3.2. Frozen |
| 10.3.3. Deep-Frozen |
| 10.4. Country Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1. China |
| 10.4.2. Japan |
| 10.4.3. South Korea |
| 10.4.4. India |
| 10.4.5. Australia and New Zealand |
| 10.4.6. Rest of APAC |
| 11. Latin America Cold Chain Market, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 11.1. Type Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Cold Chain Storage |
| 11.1.2. Cold Chain Transport |
| 11.1.2.1. Road Transportation |
| 11.1.2.1.1. Full Truck Load |
| 11.1.2.1.2. Less than Truck Load |
| 11.1.2.2. Sea Transportation |
| 11.1.2.3. Rail Transportation |
| 11.1.2.4. Air Transportation |
| 11.2. Application Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Food and Beverages |
| 11.2.1.1. Fruits and Vegetables |
| 11.2.1.2. Dairy Products |
| 11.2.1.3. Meat and Seafood |
| 11.2.1.4. Processed Food |
| 11.2.1.5. Bakery and Confectionary |
| 11.2.2. Pharmaceutical and Healthcare |
| 11.2.3. Chemicals |
| 11.2.4. Others |
| 11.3. Temperature Type Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1. Chilled |
| 11.3.2. Frozen |
| 11.3.3. Deep-Frozen |
| 11.4. Country Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1. Brazil |
| 11.4.2. Mexico |
| 11.4.3. Argentina |
| 11.4.4. Rest of Latin America |
| 12. MEA Cold Chain Market, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 12.1. Type Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Cold Chain Storage |
| 12.1.2. Cold Chain Transport |
| 12.1.2.1. Road Transportation |
| 12.1.2.1.1. Full Truck Load |
| 12.1.2.1.2. Less than Truck Load |
| 12.1.2.2. Sea Transportation |
| 12.1.2.3. Rail Transportation |
| 12.1.2.4. Air Transportation |
| 12.2. Application Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Food and Beverages |
| 12.2.1.1. Fruits and Vegetables |
| 12.2.1.2. Dairy Products |
| 12.2.1.3. Meat and Seafood |
| 12.2.1.4. Processed Food |
| 12.2.1.5. Bakery and Confectionary |
| 12.2.2. Pharmaceutical and Healthcare |
| 12.2.3. Chemicals |
| 12.2.4. Others |
| 12.3. Temperature Type Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1. Chilled |
| 12.3.2. Frozen |
| 12.3.3. Deep-Frozen |
| 12.4. Country Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1. GCC Countries |
| 12.4.2. South Africa |
| 12.4.3. Rest of MEA |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, By Product Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Americold Logistics |
| 13.2.2. Burris Logistics |
| 13.2.3. Lineage Logistics |
| 13.2.4. Nichirei Corporation |
| 13.2.5. AGRO Merchants |
| 13.2.6. Kloosterboer |
| 13.2.7. Swire Cold Storage |
| 13.2.8. VersaCold Logistics |
| 13.2.9. Interstate Warehousing |
| 13.2.10. United States Cold Storage (USCS) |
| 13.2.11. Buske Logistics |
| 13.2.12. Trenton Cold Storage |
| 13.2.13. AP Moller Maersk |
| 13.2.14. United Parcel Service of America, Inc |
| 13.2.15. DB Schenker Logistics |
| 13.2.16. FedEx Corporation |
| 13.2.17. Sinotrans |
| 13.2.18. Nippon Express |
| 13.2.19. Ceva Logistics |
| 13.2.20. XPO Logisitics Inc |
| 13.2.21. Agility |
| 13.2.22. DSV |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
Key Market Players
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