Cold Chain Market was valued at USD 246.2 billion in 2021 and is forecast to touch USD 469.4 billion in 2029, and the market is expected to grow at a CAGR of 8.4% from 2022-2029 due to increasing demand for convenience food products with high shelf life.

To have an edge over the competition by knowing the market dynamics and current trends of “Cold Chain Market”, request for Sample Report here

Important Cold Chain Market Drivers

Global Cold Chain Market growth is attributed to increasing demand for perishable food items, rise in the organized retail outlets in developing countries and growing awareness amongst consumers about reducing food wastage. Consumers are becoming more concerned about their health and are now understanding the importance of proper nutrition intake in the human body. As a result, consumers have increased the consumption of perishable goods such as fruits and vegetables and dairy products, which will accelerate the Cold Chain Market in the upcoming years. Additionally, Governments worldwide are introducing policies to reduce food and agricultural waste and support cold chain industry, which is generating growth opportunities for Cold Chain Market. For instance, government of India launched PM Kisan SAMPADA Yojana, which aims at reducing wastage of agricultural product and accelerate the food processing industry in India. Some of the components of PM Kisan SAMPADA Yojana scheme focus on creating integrated cold chain and value addition infrastructure, mega food parks and expanding food processing and preservation capacities in the country.

Cold chain is gaining popularity in food and beverage industry because it helps in preventing degradation of food’s quality, which is contributing towards the market growth. Consumers are preferring to purchase products online rather than visiting stores, because online platforms are open 24*7, offers greater variety of products and provides home delivery services. As a result, consumers are purchasing perishable goods through e-commerce platforms and other online grocery stores, which is opening new opportunities and creating more challenges in the Cold Chain Market. These challenges and opportunities include need for innovative solutions to provide last-mile delivery to consumers, increasing need for automated warehouses to manage inventories and modern temperature monitoring systems to maintain safety of food products. However, growing environmental concerns related to greenhouse gas emissions and high operational costs may hinder the global cold chain market. In addition, the lack of standardization and extensive operational and infrastructure costs might obstruct the market growth.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Based on Type, Refrigerated Storage is projected to grow at a higher CAGR attributed to increasing demand for frozen and convenience food products.

Surge in the trade of perishable commodities amongst countries is pushing the demand for high cube, refrigerated trailers and advanced refrigerated trucks and vehicles for transporting products, is one of the major factors propelling the segment’s growth.

Based on Temperature Type, Chilled segment is forecast to grow at fastest rate.

Chilling process is important for chilled products who are going through cold chain, because it slows down rate of growth microorganisms, which helps in reducing spoilage improves quality. In addition, cold chain for chilled and frozen foods offers uninterrupted handling of products and also maintains low- temperature environment at each stage of the value chain.

According to Cold Chain Market Report Dairy & Frozen Desserts segment is estimated to hold the largest market share.

Frozen and dairy products in the food and beverage industry are increasingly transported using cold chain logistics because it maintains low temperature between -18* to 4*C and maintain quality of the products.

Some of the technologies used in global cold chain market includes Blast freezing, vapor compression, programmable logic controller (PLC), evaporating cooling and cryogenic systems. The evaporating cooling storage system is efficient, more affordable, and easy to operate.

In case, any of your paint points areas are not covered in the current scope of this report, Request for Customization here

Based on Region, Asia-Pacific is projected to dominate the market.

Asia-Pacific Cold Chain Logistics Market is driven by rapid economic growth across India, China and Australia, increasing industrialization, increasing adoption of advanced warehouse management tools and systems and presence of large agricultural production base. Furthermore, increasing demand for perishable food among consumers and various government initiatives in the food industry, is driving the market growth. Leading players such as Nichirei Corporation, Lineage Logistics Holdings, LLC, Swire Group and Agro Merchants Group, are planning to expand their product portfolio in this region, which is estimated to have a positive impact on region’s growth. North America cold chain Market is driven by increasing demand for fresh fruits and vegetables by population and rising penetration of connected devices.

Biggest Cold Storage Companies

Various notable players operating in the Global Cold Chain Logistics Market includes Americold Logistics LLC, Lineage Logistics Holdings, LLC, Nichirei Corporation, Swire Group, Kloosterboer Group B.V., Interstate Cold Storage, Inc., Burris Logistics, Inc., Henningsen Cold Storage Company, Tippmann Group, among others. Prominent players are adopting various strategies such as new product launches, agreements, mergers, investments, collaborations, and acquisitions to increase their presence in the global cold chain market.

Key Developments:

• • In December 2021, Interstate Cold Storage, Inc., announced plans for expanding its Cold Storage Warehouse Facility in Anderson, IN. This expansion will bring total facility size to over 400,000 square feet, with 24,000 pallet positions added to the building.
  • In November 2020, Americold completed the acquisition of New Jersey-based Hall’s Warehouse Corp., for USD 480 million. Through this acquisition completed acquisition of high-quality facilities, which are located near port of Newark.
  • In February 2019, Lineage Logistics Holdings, LLC acquired Preferred Freezer Services to cater to the growing demand for cold storage across the globe. This acquisition will expand company’s capability for investing in next-generation technologies, while using combined intellectual property.
  • In 2018, Burris Logistics, Inc. expanded its business and opened a public refrigerated warehouse near Atlanta.

Segments covered in the Report:

The global cold chain market has been segmented on the basis of type, temperature type, application, technology and key regions. Based on type, the market is segmented into refrigerated storage and refrigerated transport. Based on temperature type, the market is segmented into chilled and frozen. Based on application, the market is segmented into dairy & frozen desserts, fish, meat and seafood products, fruits & vegetables, bakery & confectionery products and others. Based on technology, the market is segmented into blast freezing, vapor compression, programmable logic controller (PLC), evaporating cooling, cryogenic systems and others.

For detailed scope of the “Cold Chain Market” report request a Sample Copy of the report

Report Coverage	Details
Market Revenues (2021)	USD 246.2 billion
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Value (USD Billion)
Market Segment	By Type, By Temperature Type, By Application, By Technology, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Americold Logistics LLC, Lineage Logistics Holdings, LLC, Nichirei Corporation, Swire Group, Kloosterboer Group B.V., Interstate Cold, Burris Logistics, Inc., Henningsen Cold Storage Company, Tippmann Group among others.; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Cold Chain Market by Type

• • Refrigerated Storage
  • Refrigerated Transport

Global Cold Chain Market by Temperature Type

• • Chilled
  • Frozen

Global Cold Chain Market by Application

• • Dairy & Frozen Desserts
  • Fish, Meat and Seafood Products
  • Fruits & Vegetables
  • Bakery & Confectionery Products
  • Others

Global Cold Chain Market by Technology

• • Blast Freezing
  • Vapor Compression
  • Programmable Logic Controller (PLC)
  • Evaporating Cooling
  • Cryogenic Systems
  • Others

Global Cold Chain Market by Region

• • North America Cold Chain Market (Option 1: As a part of the free 25% customization)

• • • By Type
    • By Temperature Type
    • By Application
    • By Technology
    • US Market All-Up
    • Canada Market All-Up
    • Europe Cold Chain Market

• • Europe Cold Chain Market (Option 2: As a part of the free 25% customization)

• • • By Type
    • By Temperature Type
    • By Application
    • By Technology
    • UK Market All-Up
    • Germany Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

• • Asia-Pacific Cold Chain Market (Option 3: As a part of the free 25% customization)
    • By Type
    • By Temperature Type
    • By Application
    • By Technology
    • China Market All-Up
    • Australia Market All-Up
    • India Market All-Up
    • Rest of APAC Market All-Up

• • ROW Cold Chain Market (Option 4: As a part of the free 25% customization)
    • By Type
    • By Temperature Type
    • By Application
    • By Technology
    • Brazil Market All-Up
    • South Africa Market All-Up
    • GCC countries Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Leading market players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Americold Logistics LLC
  • Lineage Logistics Holdings, LLC
  • Nichirei Corporation
  • Swire Group
  • Agro Merchants Group
  • Kloosterboer Group B.V.
  • Interstate Cold
  • Burris Logistics, Inc.
  • Henningsen Cold Storage Company
  • Tippmann Group