Cold Chain Market: By Service Type, By Application, and Geography

Cold Chain Market Size, Share, Growth, Trends, and Global Industry Analysis: By Service Type (Cold Chain Storage, Cold Chain Transport), By Application (Fruits and Vegetables, Dairy Products, Meat and Seafood, Processed Food, Bakery and Confectionary, Pharmaceuticals, Others), and Region

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.

Global Cold Chain Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

7.9%

Largest Market

North America

Fastest Growing Market

Europe

Cold Chain Market Dynamics

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.

Global Cold Chain Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 242.8 billion

Market CAGR

7.9%

By Service Type

  • Cold Chain Storage
  • Cold Chain Transport

By Application

  • Fruits and Vegetables
  • Dairy Products
  • Meat and Seafood
  • Processed Food
  • Bakery and Confectionary
  • Pharmaceuticals
  • Others

By Region

North America

  • US
  • Canada

Europe

  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
  • Poland
  • Rest of Europe

Asia-Pacific

  • Japan
  • China
  • India
  • Australia & New Zealand
  • ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Venezuela
  • Rest of Latin America

Middle East and Africa (MEA)

  • Gulf Cooperation Council (GCC) Countries
  • Israel
  • South Africa
  • Rest of MEA

Key Features of the Report

  • Global cold chain market expanding at significant CAGR over 2023 to 2029 owing to increase in the adoption of frozen and processed food products
  • Based on Application, processed food accounted for larger market revenue share in 2022 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global cold chain market

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Frequently Asked Questions

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
    • Global Cold Chain Market - Taxonomy
    • Global Cold Chain Market - Definitions
      • Service Type
      • Application
  3. Global Cold Chain Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Cold Chain Market Dynamic Factors - Impact Analysis
    • Global Cold Chain Market - Competition Landscape
  4. Global Cold Chain Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
    • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  5. Global Cold Chain Market, By Service Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Cold Chain Storage
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Cold Chain Transport
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Cold Chain Market Forecast, By Application, 2018 - 2022 and Forecast, 2023 - 2029
    • Fruits and Vegetables
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Dairy Products
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Meat and Seafood
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Processed Food
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Bakery and Confectionary
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Pharmaceuticals
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Cold Chain Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Cold Chain Market - Opportunity Analysis Index, By Service Type, By Application, and Region, 2023 - 2029
  2. North America Cold Chain Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Service Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Cold Chain Storage
      • Cold Chain Transport
    • Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Fruits and Vegetables
      • Dairy Products
      • Meat and Seafood
      • Processed Food
      • Bakery and Confectionary
      • Pharmaceuticals
      • Others
    • Country Analysis 2016 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US.
      • Canada
    • North America Cold Chain Market - Opportunity Analysis Index, By Service Type, By Application, and Country, 2023 - 2029
    • North America Cold Chain Market Dynamics - Trends
  3. Europe Cold Chain Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Service Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Cold Chain Storage
      • Cold Chain Transport
    • Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Fruits and Vegetables
      • Dairy Products
      • Meat and Seafood
      • Processed Food
      • Bakery and Confectionary
      • Pharmaceuticals
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Rest of Europe
    • Europe Cold Chain Market - Opportunity Analysis Index, By Service Type, By Application, and Country,2023 - 2029
    • Europe Cold Chain Market Dynamics - Trends
  4. Asia-Pacific Cold Chain Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Service Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Cold Chain Storage
      • Cold Chain Transport
    • Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Fruits and Vegetables
      • Dairy Products
      • Meat and Seafood
      • Processed Food
      • Bakery and Confectionary
      • Pharmaceuticals
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Cold Chain Market - Opportunity Analysis Index, By Service Type, By Application, and Country,2023 - 2029
    • Asia-Pacific Cold Chain Market Dynamics - Trends
  5. Latin America Cold Chain Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Service Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Cold Chain Storage
      • Cold Chain Transport
    • Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Fruits and Vegetables
      • Dairy Products
      • Meat and Seafood
      • Processed Food
      • Bakery and Confectionary
      • Pharmaceuticals
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Venezuela
      • Rest of Latin America
    • Latin America Cold Chain Market - Opportunity Analysis Index, By Service Type, By Application, and Country, 2023 - 2029
    • Latin America Cold Chain Market Dynamics - Trends
  6. Middle East and Africa Cold Chain Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Service Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Cold Chain Storage
      • Cold Chain Transport
    • Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Fruits and Vegetables
      • Dairy Products
      • Meat and Seafood
      • Processed Food
      • Bakery and Confectionary
      • Pharmaceuticals
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Cold Chain Market - Opportunity Analysis Index, By Service Type, By Application, and Country, 2023 - 2029
    • MEA Cold Chain Market Dynamics - Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Service Type& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • 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. Research Methodology
  2. Key Assumptions and Acronyms

Key Market Players

  • 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)

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