Cold Chain Logistics Market (By Service: Storage, Transportation, Value-added Services; By Temperature: Chilled, Frozen; By Application: Fruits and Vegetables, Dairy Products, Pharmaceuticals (Includes Biopharma), Bakery and Confectionary, Fish, Meat, and Seafood, Processed Food, Other) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027
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The market for cold chain logistics is expected to grow at a CAGR of around 7.2% from 2020 to 2027 and expected to reach the market value of around US$ 366.1 Bn by 2027.
Cold Chain Logistics includes the series of actions and equipment that are applied to maintain a product within a specific low-temperature start from the harvest/production to consumption. In simple terms, it’s a temperature-controlled supply chain.
Market Dynamics
The increasing preservation of convenience food products due to modernization is primarily supporting the market growth. The growing consumer demands for perishable foods along with the increasing need for temperature control to prevent potential health hazards are bolstering the market value. The growth of international trade due to trade liberalization is further boosting the market value. Furthermore, growing demand for organized retail, increasing foreign direct investments in emerging markets, and government support for the development of infrastructure to reduce post-harvest & processed food wastage are some of the factors projected to create potential opportunities over the forecast period from 2020 to 2027.
On the other side, high energy & infrastructure costs and environmental concerns regarding greenhouse gas emissions are projected to hamper the growth to an extent over the forecast timeframe from 2020 to 2027.
Frozen segment has registered maximum share (%) in 2019
By temperature, the frozen segment is leading the cold chain logistics market with maximum revenue share (%). The segment is particularly gaining pace on account of increasing demand for uninterrupted handling of the food products within a low-temperature environment during each stage of the value chain. The increasing demand for frozen and deep-frozen/quick-frozen food to increase the shelf life is additionally supporting the segmental market value.
The market research study on “Cold Chain Logistics Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027”, offers a detailed insight into the global Cold Chain Logistics market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights into the global Cold Chain Logistics market, its product type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global Cold Chain Logistics market size and volume, and segment markets by product type, application, and geography along with the information on companies operating in the market. The Cold Chain Logistics market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
Asia Pacific registered prominent share in the Cold Chain Logistics market
In 2019, Asia Pacific has registered maximum share in the global market. The region is also projected to maintain its dominance over the forecast period from 2020 to 2027. The region is also projected to exhibit the fastest growth throughout the forecast timeframe on account of its emerging economies including China and India.
The players profiled in the report include AGRO Merchants Group LLC, AmeriCold Logistics LLC, Burris Logistics Inc., Kloosterboer Group B.V., Lineage Logistics Holdings LLC, Nichirei Corporation, Preferred Freezer Services Inc., Snowman Logistics Ltd, others
Market Segmentation
Market By Service
Storage
Transportation
Value-added Services
Market By Temperature
Chilled
Frozen
Market By Application
Fruits and Vegetables
Dairy Products
Pharmaceuticals (Includes Biopharma)
Bakery and Confectionary
Fish, Meat, and Seafood
Processed Food
Other
Market By Geography
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa