The Global Cold Chain Market was valued at USD 187.8 billion in 2016 and is projected to be growing at a CAGR of 7.5%, to grasp a market worth of USD 269.61 billion by 2021. A temperature controlled supply chain is known as a Cold Chain. Cold Chains are used to enhance and safeguard the shelf life of fresh agricultural products, frozen foods, seafood, dairy and bakery & confectionary products. The above items, when in transport and storage are referred to as Cool Cargo.
Cold Chain goods & products are perishable and are always on-the-way towards end-users or to further distribution channels and are hence referred to as Cargo. A constant series of cooled production, storage and supply activities, along with the supplementary equipment and logistics, which maintain the requisite low-temperature choice is termed as an Unbroken Cold Chain, because temperature maintenance is required almost all the time during transport and storage till the end use of consumption.
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The Cold Chain market is set to expand due to growing demand from consumers for goods involving cold supply chains like dairy products, fresh vegetables and fruits, etc. Further, rapid growth of international trade of perishable foods, technological progress in refrigerated transport & storage, infrastructure development support by the government and the upsurge in enlargement of food retail chains by MNCs are the major driving factors for the growth of the Global Cold Chain Market. High quality check standards set by governmental agencies and the associated costs of temperature management equipment are the constraints faced by the market.
The Global Cold Chain market is segmented by Type, Temperature Type, Technology, Application and Geography. By the Cold Chain Type, the market is classified into Refrigerated Storage and Transport. By Temperature Type, the market is separated into Chilled and Frozen. By the type of Technology, the market is segmented into Air-blown and Eutectic. Lastly, by Application the Cold Chain market is categorised into Fruits & Vegetables, Dairy, Bakery & Confectionary, Meat, and Seafood.
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The market is geographically divided into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. The Europe market is the largest consumer and is considered a developed market, also, there is huge growth potential shown by emerging markets like Asia-Pacific, South Africa, and Latin America, this is because the market is projected to expand in developing regions, where consumer demand and expenditure on cold chain products is mounting rapidly.
Scope of the report:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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The global Cold Chain market is quite competitive because of numerous players operating at the global and local levels. Some key players in the market are Americold Logistics (U.S.), Preferred Freezer Services (U.S.), Burris Logistics (U.S.), Lineage Logistics Holding LLC (U.S.), and Nichirei Logistics Group Inc. (Japan).
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