Global Cold Chain Market Size, Trends & Analysis - Forecasts to 2026 By Type of Temperature (Frozen, Chilled), By Type (Refrigerated Warehousing and Refrigerated Transport), By Type of Application (Dairy & Frozen Desserts, Meat, Poultry & Seafood Products, Bakery & Confectionery Products, Fruits & Vegetables, and Others), By Type of Region (NA [North America], Europe, APAC [Asia Pacific], MEA [the Middle East & Africa], and CSA [Central & South America]), End-User Landscape, Vendor Landscape, Company Market Share Analysis & Competitor Analysis
The cold chain market is demonstrated to represent spectacular accretion of 7.8% during the forecast period (2020-2026). A cold chain is a system of storing, transporting and delivering products from one place to another under a specific temperature. The necessity of this procedure is to maintain the effectiveness of the product until consumption or usage. Not only in the food & beverage industry, but the cold chain system is also popular in the healthcare industry to sustain the competency of vaccines. As many specialties had to suspend services, the COVID-19 pandemic has positively influenced the market as the consumption of frozen foods has taken an upsurge due to the scarce availability of fresh produce during the period of global lockdown. Therefore, it is reliable to predict that the cold chain market will have a steady inclination in the forecast period as well. An increase in e-commerce retail companies, rapid government regulations & initiatives, and frequent strategic acquisitions by cold chain companies are few of the drivers boosting the clamber of the market.
Frozen and chilled are the sorts of temperatures in the cold chain frozen food market. The frozen temperature segment is seen to command in the forecast period. The advantages of frozen food temperature are longevity, maintenance of taste & texture, and making goods inert. An increase in exports, an increase in technological developments in dairy processing, and an increase in demand for food & beverage products are the accelerators of the global cold chain market.
Based on the type, refrigerated warehousing and refrigerated transport are the market categorization of the global market. Refrigerated warehousing is estimated to grow the fastest in this market. Refrigerated warehouses are storage units used to keep the freshness intact in products for a longer period. The rise in demand for imports, automation of refrigerated warehouses, and the course of purchasing perishable products are driving the market growth.
The market segmentation based on the application is meat, seafood products, fruits & vegetables dairy, poultry, bakery & confectionery products, and others. Dairy & frozen desserts to own the largest share for the forecast period. One of the primary concerns of dairy & frozen desserts is the natural decaying process concerning atmospheric changes and is also associated with foodborne diseases. The rise in consumption of dairy products, an increase in the infant population in developing nations, and dietary shift from carbohydrate-rich to protein-rich food products are the propellors changing the cold chain market.
Based on the geographical analysis, North America has been the leading region for the precedent years yet, the Asia Pacific region holding nations such as China, India, Singapore is weighed to make elevated impulse in the global market. An increase in end-users, expansion of offline & online retail stores, and trade liberalization are the significant factors impacting the escalation of the global market.
Trenton Cold Storage, Merchants Terminal Corporation, Coldman, Congebec Inc., Conestoga Cold Storage, NewCold, Hanson Logistics, Confederation Freezers, Kloosterboer, United States Cold Storage, Tippmann Group, VersaCold Logistics Services, Henningsen Cold Storage Co., Americold Logistics, Lineage Logistics Holdings, Nichirei Corporation, Burris Logistics, Agro Merchants Group, Seafrigo, Stockhabo, and other industries are the dominant players in the global cold chain market.
Please note: This is not an exhaustive list of companies profiled in the report.
In April 2020, Agro Merchants Group expanded its operations by deploying extra refrigerated storage space at the Nashville facility.
In January 2018, VersaCold Logistics Services signed a contract to acquire Coastal Pacific Xpress.
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The Global Cold Chain Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Cold Chain Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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