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
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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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).
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Market Estimates and Forecast
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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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