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Cold Chain Market

Cold Chain Market By Type (Refrigerated Storage & Transport), Temperature Type (Chilled and Frozen), Application, and Region – Industry Analysis and Forecast to 2033

Base Year: 2022

Historical Data: 2018-2021

Report ID: TRI23

Published : Feb 2023

Pages : 156

Category : Food & Beverages

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Market Highlights

The global cold chain market is expected to grow from USD 221.8 billion in 2023 to USD 583.9 billion by 2033 at a CAGR of 10.16%.

Cold Chain Market CAGR

2023-2033

Cold Chain Market
CAGR OF
10.16%
Cold Chain Market
62d2ca698a958e0634cec8209ac6eb87.png
North America Europe Asia Pacific Middle East Africa 2022 2023 2033 10.16%


A cold chain is a supply chain that is controlled by temperature. The continuous cold chain involves a series of processes such as refrigerated production, storage and distribution activities, along with associated equipment and logistics, which is maintained at desired low-temperature range. It is mainly helpful in preserving and to extend and ensure the shelf life of products, such as fresh agricultural produce, seafood, frozen food, photographic film, chemicals, and pharmaceutical drugs. Burgeoning of connected devices and automation of freezer enabled warehouses across the globe is anticipated to spur the growth. 
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the market. The historic years considered for the study are 2018-2021, the base year is 2022, the estimated year is 2023, and the forecast period is 2023-2033.


Cold Chain Market: Market Dynamics

The increasing demand for perishable food items coupled with increasing support from the government for infrastructural developments is the key factor to propel the overall market growth. Additionally, an increase in demand for conventional foods coupled with improving the shelf life of these foods has also aided in market growth. However, high infrastructure costs can act as a hindrance to the market growth.

 

Cold Chain Market: Segmental Analysis

Cold Chain Market

By Type

Refrigerated Storage
Transport
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 18 16 14 12 10 8 6 4 2 0 XX XX XX XX XX XX XX XX XX XX XX
The Market will Grow
At the CAGR of:
10.16%
The Forecast Market
Size for 2033 in USD:
$583.9B
62d2ca698a958e0634cec8209ac6eb87.png

 

The global cold chain market is classified into type, temperature type, application, and region.
Based on the type, the market is segmented into refrigeration storage and transport. The refrigeration storage segment accounted for the largest market share in 2023, which is also anticipated to witness a higher growth rate during the forecast period owing to increase preference for packaged foods, worldwide.

Cold Chain Market

By Temperature Type

The Research Intellica XX%
Chilled
Frozen
62d2ca698a958e0634cec8209ac6eb87.png
221.8
Total Market Size
USD (Billion), 2023
10.16%
CAGR
2023 - 2033


Based on the application segment, the market is classified into dairy & frozen desserts, meat, fish & seafood, fruits and vegetables, and bakery & confectionary. The bakery & confectionery segment accounted for the largest market share in 2023, which is projected to continue its position by the end of 2033, due to changes in food habits among consumers coupled with increasing disposal incomes.

 

Global Cold Chain Market: Regional Analysis

Cold Chain Market

By Region

APAC $ XX
The Market will Grow
At the CAGR of:
10.16%
The Forecast Market
Size for 2033 in USD:
$583.9B
62d2ca698a958e0634cec8209ac6eb87.png


Geographically, the market is segmented into North America, Asia-Pacific, Europe, South America, and the Middle East & Africa.
Europe accounted for the largest market share in 2023, which is expected to exhibit to continue with its position by 2033. Increased penetration of connected devices is expected to further fuel the market growth during the forecast period.
However, Asia-Pacific region is projected to witness maximum CAGR during the forecast period.


Global Cold Chain Market: Competition Scenario

Key players operating in the cold chain market are Americold Logistics LLC , Al Rai Logistica K.S.C , Burris Logistics, Inc. , Lineage Logistics, Agro Merchants Group LLC , Swire Group, Berlinger & Co. AG and Henningsen Cold Chain Company.

 

Critical Questions Answered in the Report

    What are the key trends in the market?
    How the market (and its various sub segments) has grown in last four years and what would be the growth rate in next five years?
    What are the key strategies adopted by the major vendors to lead in the market?
    What is the market share of the top players?

 

Research Methodology

The research study extensively uses both secondary and primary research methodologies. More than 200 industry leaders from various phases of the value chain (demand side, supply side, resellers/distributors, and other independent consultants) were interviewed to gain crucial insights about this market and validate the research findings. Secondary sources referred for the research study include company websites, annual reports, paid database tools, investor presentations, webinars, blogs, news/journals, whitepapers, survey papers, associations, and government websites. All the collected data and insights were then processed using our proprietary data mining software that executes various algorithms to make projections for the forecast period.

Cold Chain Market Scope:

Report DataCold Chain Market 
Cold Chain Market Forecast Value 2033 583.9Billion
Cold Chain Market CAGR 2023 - 203310.16%
Cold Chain Market Forecast Period2023 - 2033
Cold Chain Market Base Year2022
Regional ScopeNorth America, Europe, Asia Pacific, South America, and Middle East & Africa
Key Companies ProfiledAmericold Logistics LLC , Al Rai Logistica K.S.C , Burris Logistics, Inc. , Lineage Logistics, Agro Merchants Group LLC , Swire Group, Berlinger & Co. AG and Henningsen Cold Chain Company.
Key Segments

By Type

Refrigerated Storage

Transport

By Temperature Type

Chilled 

Frozen

By Application

Dairy & Frozen Desserts

Meat

Fish & Seafood

Fruits and Vegetables

Bakery & Confectionary

By Region

North America

Europe

Asia-Pacific

South America

Middle-East & Africa

Report CoverageMarket Sizing, Market Forecasting, Market Dynamics, Market Trends, Market Development Analysis, Market Share Analysis, Regional Analysis, Competitive Positioning, Competitive Benchmarking, Competitive Landscape, Company Profiling, Regulation Analysis, etc.

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