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Cold Chain Market Analysis by product Type (refrigerated storage, refrigerated transport), By Temperature Type (chilled, frozen), By Application (fruits and vegetables, bakery and confectionary products, dairy and frozen desserts, fish, meat, and seafood products, pharmaceutical) and by Region: Global Forecast, 2024 - 2034

  • PUBLISHED ON
  • 2024-02-06
  • NO OF PAGES
  • 231
  • CATEGORY
  • Automotive & Transportation

Market Overview

The Cold Chain market is predicted to develop at a compound annual growth rate (CAGR) of 14.41% from 2024 to 2034, when it is projected to reach USD 892.9 Billion, based on an average growth pattern. The market is estimated to reach a value of USD 203.1 Billion in 2024.


SOURCE: We Market Research

The Cold Chain is a temperature-controlled supply chain that ensures the quality of temperature-sensitive items from manufacturing to consumption. It includes chilled production, storage, transportation, and distribution within prescribed temperature ranges. Pharmaceuticals, healthcare (vaccines, insulin), food and beverages (dairy, meats, fruits), and chemicals are among the most important applications. Continuous temperature monitoring throughout the chain assures regulatory compliance while maintaining product quality, efficacy, and safety. The Cold Chain is essential for preventing spoiling and contamination, hence preserving public health and complying with industry-specific standards.

Rising demand for perishable items, pharmaceutical sector growth, and stringent food safety laws are all driving the Cold Chain Market forward. The rising consumption of fresh food, dairy, and temperature-sensitive medications demands dependable cold chain logistics. Regulatory regulations need quality maintenance, but technical improvements like as refrigeration, IoT-enabled monitoring, and automated warehousing increase efficiency. Furthermore, the rise of e-commerce, notably for groceries and pharmaceuticals, increases the demand for sophisticated cold chain solutions to ensure the safe and timely delivery of perishable products.

Market Scope

Report Attributes

Description

Market Size in 2024

USD 203.1 Billion

Market Forecast in 2034

USD 892.9 Billion

CAGR % 2024-2034

14.41%

Base Year

2023

Historic Data

2016-2022

Forecast Period

2024-2034

Report USP

 

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

By product Type, By Temperature Type, By Application and By Region

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

 

Cold Chain Industry: Dynamics & Restrains


 Market opportunity:

 

 We Market Research: Cold Chain Dashboard

Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.


Cold Chain Segmentation

Market- By Product Type Analysis

By Product Type, the Cold Chain Market is Categories into refrigerated storage, refrigerated transport. The refrigerated storage segment accounts for the largest share of around 78% in 2024.


The driver of refrigerated storage in the cold chain market is the growing demand for perishable goods, such as pharmaceuticals and food, requiring precise temperature control to maintain quality and safety, fueled by increasing global trade and stringent regulatory standards.

The following segments are part of an in-depth analysis of the global Cold Chain market:

Market Segments

 

By   Temperature Type

·         chilled

·         frozen

By  Application  

·         fruits and vegetables

·         bakery and confectionary products

·         dairy and frozen desserts

·         seafood products

·         pharmaceutical

 

Cold Chain Industry: Regional Analysis

North America Market Forecast

North America dominate the Cold Chain Market with the highest revenue generating market with share of more than 47%. The North American market is driven by the high demand for fresh and frozen food products, increased investment in cold chain infrastructure, and stringent regulations for food safety.


Europe Market Statistics

Europe's Cold Chain market benefits from the expansion of the food and beverage industry, coupled with a robust pharmaceutical sector, fuels demand. Strong regulatory frameworks ensure compliance with food safety standards, supporting market growth.

Asia Pacific Market Forecasts

Asia Pacific is expected to be the fastest-growing regional segment of the Cold Chain market during the forecast period. In the Asia Pacific region, Rapid urbanization and rising disposable incomes increase demand for cold chain solutions, bolstered by the expanding e-commerce sector. Infrastructure development is crucial amid high initial investment costs.

Key Market Players

The Cold Chain Market is dominated by a few large companies, such as

·         AGRO Merchants

·         Lineage Logistics

·         Preferred Freezer

·         Burris Logistics and Nichirei Logistics

·         Americold Logistics

·         Kloosterboer

·         Interstate Warehousing

·         VersaCold Logistics

·         Swire Cold Storage

·         Others

1.      Global Cold Chain Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global Cold Chain Market Scope and Market Estimation

1.2.1. Global Cold Chain Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 - 2034)

1.2.2. Global Cold Chain Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034

1.3.    Market Segmentation

1.3.1. Product Type of Global Cold Chain Market

1.3.2. Temperature Type of Global Cold Chain Market

1.3.3. Application of Global Cold Chain Market

1.3.4. Region of Global Cold Chain Market

2.      Executive Summary

2.1.    Global Cold Chain Market Industry Trends under COVID-19 Outbreak

2.1.1. Global COVID-19 Status Overview

2.1.2. Influence of COVID-19 Outbreak on Global Cold Chain Market Industry Development

2.2.    Market Dynamics

2.2.1. Drivers

2.2.2. Limitations

2.2.3. Opportunities

2.2.4. Impact Analysis of Drivers and Restraints

2.3.    Pricing Trends Analysis & Average Selling Prices (ASPs)

2.4.    Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.5.    Porter’s Five Forces Analysis

2.5.1. Bargaining Power of Suppliers

2.5.2. Bargaining Power of Buyers

2.5.3. Threat of Substitutes

2.5.4. Threat of New Entrants

2.5.5. Competitive Rivalry

2.6.    Value Chain / Ecosystem Analysis

2.7.    Russia-Ukraine War Impacts Analysis

2.8.    Economic Downturn Analysis

2.9.      Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region

3.      Global Cold Chain Market Estimates & Historical Trend Analysis (2019 - 2023)

4.      Global Cold Chain Market Estimates & Forecast Trend Analysis, by Product Type

4.1.    Global Cold Chain Market Revenue (US$ Mn) Estimates and Forecasts, by Product Type, 2019 to 2034

4.1.1. refrigerated storage

4.1.2. refrigerated transport

5.      Global Cold Chain Market Estimates & Forecast Trend Analysis, by Temperature Type

5.1.    Global Cold Chain Market Revenue (US$ Mn) Estimates and Forecasts, by Temperature Type, 2019 to 2034

5.1.1. chilled

5.1.2. frozen

6.      Global Cold Chain Market Estimates & Forecast Trend Analysis, by Application

6.1.    Global Cold Chain Market Revenue (US$ Mn) Estimates and Forecasts, by Application, 2019 to 2034

6.1.1. fruits and vegetables

6.1.2. bakery and confectionary products

6.1.3. dairy and frozen desserts

6.1.4. fish, meat, and seafood products

6.1.5. pharmaceutical

7.      Global Cold Chain Market Estimates & Forecast Trend Analysis, by Region

7.1.    Global Cold Chain Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2034

7.1.1. North America

7.1.2. Europe

7.1.3. Asia Pacific

7.1.4. Middle East & Africa

7.1.5. South America

8.      North America Cold Chain Market: Estimates & Forecast Trend Analysis

8.1.    North America Cold Chain Market Assessments & Key Findings

8.1.1. North America Cold Chain Market Introduction

8.1.2. North America Cold Chain Market Size Estimates and Forecast (US$ Million) (2019 – 2034)

8.1.2.1.   By Product Type

8.1.2.2.   By Temperature Type

8.1.2.3.   By Application

8.1.2.4.   By Country

8.1.2.4.1.     The U.S.

8.1.2.4.2.     Canada

8.1.2.4.3.     Mexico

9.      Europe Cold Chain Market: Estimates & Forecast Trend Analysis

9.1.    Europe Cold Chain Market Assessments & Key Findings

9.1.1. Europe Cold Chain Market Introduction

9.1.2. Europe Cold Chain Market Size Estimates and Forecast (US$ Million) (2019 – 2034)

9.1.2.1.   By Product Type

9.1.2.2.   By Temperature Type

9.1.2.3.   By Application

9.1.2.4.        By Country

9.1.2.4.1.     Germany

9.1.2.4.2.     U.K.

9.1.2.4.3.     France

9.1.2.4.4.     Italy

9.1.2.4.5.     Spain

9.1.2.4.6.     Russia

9.1.2.4.7.     Rest of Europe

10.  Asia Pacific Cold Chain Market: Estimates & Forecast Trend Analysis

10.1.  Asia Pacific Market Assessments & Key Findings

10.1.1.   Asia Pacific Cold Chain Market Introduction

10.1.2.   Asia Pacific Cold Chain Market Size Estimates and Forecast (US$ Million) (2019 – 2034)

10.1.2.1.    By Product Type

10.1.2.2.    By Temperature Type

10.1.2.3.    By Application

10.1.2.4.    By Country

10.1.2.4.1. China

10.1.2.4.2. Japan

10.1.2.4.3. India

10.1.2.4.4. Australia

10.1.2.4.5. South Korea

10.1.2.4.6. ASEAN

10.1.2.4.7. Rest of Asia Pacific

11.  Middle East & Africa Cold Chain Market: Estimates & Forecast Trend Analysis

11.1.  Middle East & Africa Market Assessments & Key Findings

11.1.1.   Middle East & Africa Cold Chain Market Introduction

11.1.2.   Middle East & Africa Cold Chain Market Size Estimates and Forecast (US$ Million) (2019 – 2034)

11.1.2.1.    By Product Type

11.1.2.2.    By Temperature Type

11.1.2.3.    By Application

11.1.2.4.    By Country

11.1.2.4.1. U.A.E.

11.1.2.4.2. Saudi Arabia

11.1.2.4.3. Egypt

11.1.2.4.4. South Africa

11.1.2.4.5. Rest of Middle East & Africa

12.  South America Cold Chain Market: Estimates & Forecast Trend Analysis

12.1.  South America Market Assessments & Key Findings

12.1.1.   South America Cold Chain Market Introduction

12.1.2.   South America Cold Chain Market Size Estimates and Forecast (US$ Million) (2019 – 2034)

12.1.2.1.    By Product Type

12.1.2.2.    By Temperature Type

12.1.2.3.    By Application

12.1.2.4.    By Country

12.1.2.4.1. Brazil

12.1.2.4.2. Argentina

12.1.2.4.3. Colombia

12.1.2.4.4. Rest of South America

13.  Competition Landscape

13.1.  Global Cold Chain Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

13.2.  Global Cold Chain Market Competition White Space Analysis, By End-user

13.3.  Global Cold Chain Market Competition Heat Map Analysis, By End-user

13.4.  Global Cold Chain Market Concentration & Company Market Shares (%) Analysis, 2022

14.  Company Profiles

14.1.                     AGRO Merchants.

14.1.1.   Company Overview & Key Stats

14.1.2.   Financial Performance & KPIs

14.1.3.   Product Portfolio

14.1.4.   Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

14.2.      Lineage Logistics

14.3.      Preferred Freezer

14.4.      Burris Logistics and Nichirei Logistics

14.5.      Americold Logistics

14.6.      Kloosterboer

14.7.      Interstate Warehousing

14.8.      VersaCold Logistics

14.9.      Swire Cold Storage

14.10.  Others

15.  Research Methodology

15.1.  External Transportations / Databases

15.2.  Internal Proprietary Database

15.3.  Primary Research

15.4.  Secondary Research

15.5.  Assumptions

15.6.  Limitations

15.7.  Report FAQs

16.  Research Findings & Conclusion

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Market Research Process




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To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market size of Cold Chain Market in 2024?

Cold Chain Market was valued at USD 203.1 Billion in 2024.

What is the growth rate for the Cold Chain Market?

Cold Chain Market size will increase at approximate CAGR of 14.41% during the forecasted period.

Which are the top companies operating within the market?

Major companies operating within the Cold Chain Market Are AGRO Merchants, Lineage Logistics, Preferred Freezer, Burris Logistics and Nichirei Logistics, Americold Logistics, Kloosterboer, Interstate Warehousing, VersaCold Logistics, Swire Cold Storage, and others.

Which region dominates the Cold Chain Market?

North America dominates the market with an active share of 47%.

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