Cold Chain Market: Segmented by Type (Storage, Transportation and Monitoring Components); By Application (Fruits & Vegetables, Fruit Pulp & Concentrates, Dairy Products, Fish, Meat, and Seafood, Processed Food, Pharmaceuticals, Bakery & Confectionery, and Others); and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030
[172+ Pages Research Report] Global Cold Chain to surpass USD 894.73 billion by 2030 from USD 218.95 billion in 2020 at a CAGR of 18.7 % in the coming years, i.e., 2021-30. Factors such as the rise in the number of refrigerated warehouses, the processed food sector, and the growing pharmaceutical sector are likely to drive the growth of the cold chain logistics market.
Product Overview
The term 'cold chain' refers to a system that combines temperature-controlled surface transportation with a supply chain. It refers to the freezing solutions used to keep items like fresh agricultural produce, fish, frozen food, photographic film, chemicals, and prescription drugs in good condition and with a long shelf life. Cold chains are critical for maximizing the shelf life of products, preventing overcapacity, reducing transportation bottlenecks during peak periods, and ensuring product quality. The method entails storing goods in temperature-controlled warehouses and transporting them in cold-insulated transport vehicles. Fruits, vegetables, poultry, beef, medications, and narcotics are all transported and stored using cold chain logistics solutions. Refrigerated trucks, refrigerated railcars, refrigerated freight, and air cargo are among the modes of transportation used.
Market Highlights
Global Cold Chain Market is expected to project a notable CAGR of 18.7% in 2030.
Increased consumer demand for perishable products, increased space for food retail chains by multinationals, and increased usage of RFID and barcode scanners in refrigerated warehouses would all help to drive market growth.
Global Cold Chain Market: Segments
Storage segment to grow with the highest CAGR during 2020-30
Global Cold Chain market is segmented by type into Storage, Transportation, and Monitoring components. Storage segment held the largest market share in the year 2020. The market for frozen foods is being driven by changing consumer eating preferences and lifestyles. The demand for storage solutions is expected to rise as a result of this. Supplying food, drinks, and healthcare goods require the use of cold chain systems. The transportation segment is expected to be driven by demand for high-cube refrigerated trailers, connected refrigerated trucks, insulated containers, and vehicles that prefer cross-product transportation over the forecast period.
Fish, Meat, and Seafood segment to grow with the highest CAGR during 2020-30
Global Cold Chain market is divided by application into Fruits & Vegetables, Fruit Pulp & Concentrates, Dairy Products, Fish, Meat, and Seafood, Processed Food, Pharmaceuticals, Bakery & Confectionery, and Others. Over the forecast period, the Fish, Meat, and Seafood segment is projected to expand at the fastest pace. Technological advancements in the processing, packaging and storage of seafood are expected to boost this segment's development. A rise in fish production is also expected to contribute in the growth of the segment. However, due to ongoing packaging material developments, processed food is expected to be the fastest-growing application segment over the forecast years. Foods have a longer shelf life thanks to advancements in packaging materials. Over the last few years, this has resulted in a rise in the trade of processed foods.
Market Dynamics
Drivers
Increased Consumer Awareness and Technological Advancement
Because of increasing consumer awareness, the refrigerated storage market in emerging economies is being driven by a transition away from carbohydrate-rich diets and toward protein-rich foods. Countries like China is projected to have a substantial growth rate in the coming years as a result of a consumer-led economic transition. The demand in emerging economies is expected to increase as technological advances in warehouse management and refrigerated transportation continue. In addition, rising government subsidies have allowed service providers to tap into these emerging markets with creative transportation solutions. Cold chain systems are designed to transport and store temperature-sensitive goods in optimal conditions. The growing demand for perishable goods and the need for fast delivery associated with the e-commerce-based food and beverage delivery industry have boosted cold chain operations significantly.
Increasing Penetration of Connected Devices and Trade Liberalization
Over the forecast period, the industry is expected to expand due to the increasing penetration of connected devices and the automation of refrigerated warehouses around the world. Increased demand for cold chain solutions is being driven by a rise in the number of organized retail stores in emerging economies. Furthermore, over the forecast period, trade liberalization, government efforts to minimize food waste, and multinational company expansion of retail chains are expected to fuel industry growth.
Restraint
Environmental Concerns and High Cost Associated with the Market
Increasing public knowledge of environmental concerns and the high costs involved in the process stifle business expansion. The introduction of RFID technology to cold chain applications, as well as the software that is used, would provide a lucrative growth opportunity in the cold chain industry. The cold chain industry faces some difficulties due to packaging failure. Manufacturing firms' poor packaging results in product loss and a reduction in shelf life during transportation. The primary function of the cold chain is to regulate temperature; however, insufficient training will degrade product quality, rendering it unsuitable for end-user use and thereby impacting the global cold chain market.
Global Cold Chain Market: Key Players
Coleman
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Congebec Inc.
Conestoga Cold Storage
NewCold
Hanson Logistics
Confederation Freezers
Seafrigo
Trenton Cold Storage
Merchants Terminal Corporation
Other Prominent Players
Global Cold Chain Market: Regions
Global Cold Chain market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global Cold Chain in North America held the largest market share in the year 2020. Over the forecast period, market growth is expected to be fueled by increasing penetration of connected devices and a strong customer base. However, due to increased government investments in logistics infrastructure growth and the penetration of Warehouse Management Systems, Asia Pacific is expected to be the fastest-growing regional market over the forecast period.
Global Cold Chain Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – the United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Cold Chain Market report also contains analysis on:
Cold Chain Market Segments:
By Type
Storage
Transportation
Monitoring Components
By Application
Fruits & Vegetables
Fruit Pulp & Concentrates
Dairy Products
Fish, Meat, and Seafood
Processed Food
Pharmaceuticals
Bakery & Confectionary
Others
Cold Chain Market Dynamics
Cold Chain Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Cold Chain Market Report Scope and Segmentation
Frequently Asked Questions
How big is the Cold Chain market?
What is the Cold Chain market growth?
Which segment accounted for the largest Cold Chain market share?
Who are the key players in the Cold Chain market?
What are the factors driving the Cold Chain market?
Product Overview
The term 'cold chain' refers to a system that combines temperature-controlled surface transportation with a supply chain. It refers to the freezing solutions used to keep items like fresh agricultural produce, fish, frozen food, photographic film, chemicals, and prescription drugs in good condition and with a long shelf life. Cold chains are critical for maximizing the shelf life of products, preventing overcapacity, reducing transportation bottlenecks during peak periods, and ensuring product quality. The method entails storing goods in temperature-controlled warehouses and transporting them in cold-insulated transport vehicles. Fruits, vegetables, poultry, beef, medications, and narcotics are all transported and stored using cold chain logistics solutions. Refrigerated trucks, refrigerated railcars, refrigerated freight, and air cargo are among the modes of transportation used.
Market Highlights
Global Cold Chain Market is expected to project a notable CAGR of 18.7% in 2030.
Increased consumer demand for perishable products, increased space for food retail chains by multinationals, and increased usage of RFID and barcode scanners in refrigerated warehouses would all help to drive market growth.
Global Cold Chain Market: Segments
Storage segment to grow with the highest CAGR during 2020-30
Global Cold Chain market is segmented by type into Storage, Transportation, and Monitoring components. Storage segment held the largest market share in the year 2020. The market for frozen foods is being driven by changing consumer eating preferences and lifestyles. The demand for storage solutions is expected to rise as a result of this. Supplying food, drinks, and healthcare goods require the use of cold chain systems. The transportation segment is expected to be driven by demand for high-cube refrigerated trailers, connected refrigerated trucks, insulated containers, and vehicles that prefer cross-product transportation over the forecast period.
Fish, Meat, and Seafood segment to grow with the highest CAGR during 2020-30
Global Cold Chain market is divided by application into Fruits & Vegetables, Fruit Pulp & Concentrates, Dairy Products, Fish, Meat, and Seafood, Processed Food, Pharmaceuticals, Bakery & Confectionery, and Others. Over the forecast period, the Fish, Meat, and Seafood segment is projected to expand at the fastest pace. Technological advancements in the processing, packaging and storage of seafood are expected to boost this segment's development. A rise in fish production is also expected to contribute in the growth of the segment. However, due to ongoing packaging material developments, processed food is expected to be the fastest-growing application segment over the forecast years. Foods have a longer shelf life thanks to advancements in packaging materials. Over the last few years, this has resulted in a rise in the trade of processed foods.
Market Dynamics
Drivers
Increased Consumer Awareness and Technological Advancement
Because of increasing consumer awareness, the refrigerated storage market in emerging economies is being driven by a transition away from carbohydrate-rich diets and toward protein-rich foods. Countries like China is projected to have a substantial growth rate in the coming years as a result of a consumer-led economic transition. The demand in emerging economies is expected to increase as technological advances in warehouse management and refrigerated transportation continue. In addition, rising government subsidies have allowed service providers to tap into these emerging markets with creative transportation solutions. Cold chain systems are designed to transport and store temperature-sensitive goods in optimal conditions. The growing demand for perishable goods and the need for fast delivery associated with the e-commerce-based food and beverage delivery industry have boosted cold chain operations significantly.
Increasing Penetration of Connected Devices and Trade Liberalization
Over the forecast period, the industry is expected to expand due to the increasing penetration of connected devices and the automation of refrigerated warehouses around the world. Increased demand for cold chain solutions is being driven by a rise in the number of organized retail stores in emerging economies. Furthermore, over the forecast period, trade liberalization, government efforts to minimize food waste, and multinational company expansion of retail chains are expected to fuel industry growth.
Restraint
Environmental Concerns and High Cost Associated with the Market
Increasing public knowledge of environmental concerns and the high costs involved in the process stifle business expansion. The introduction of RFID technology to cold chain applications, as well as the software that is used, would provide a lucrative growth opportunity in the cold chain industry. The cold chain industry faces some difficulties due to packaging failure. Manufacturing firms' poor packaging results in product loss and a reduction in shelf life during transportation. The primary function of the cold chain is to regulate temperature; however, insufficient training will degrade product quality, rendering it unsuitable for end-user use and thereby impacting the global cold chain market.
Global Cold Chain Market: Key Players
Coleman
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Congebec Inc.
Conestoga Cold Storage
NewCold
Hanson Logistics
Confederation Freezers
Seafrigo
Trenton Cold Storage
Merchants Terminal Corporation
Other Prominent Players
Global Cold Chain Market: Regions
Global Cold Chain market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global Cold Chain in North America held the largest market share in the year 2020. Over the forecast period, market growth is expected to be fueled by increasing penetration of connected devices and a strong customer base. However, due to increased government investments in logistics infrastructure growth and the penetration of Warehouse Management Systems, Asia Pacific is expected to be the fastest-growing regional market over the forecast period.
Global Cold Chain Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – the United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Cold Chain Market report also contains analysis on:
Cold Chain Market Segments:
By Type
Storage
Transportation
Monitoring Components
By Application
Fruits & Vegetables
Fruit Pulp & Concentrates
Dairy Products
Fish, Meat, and Seafood
Processed Food
Pharmaceuticals
Bakery & Confectionary
Others
Cold Chain Market Dynamics
Cold Chain Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Cold Chain Market Report Scope and Segmentation
Frequently Asked Questions
How big is the Cold Chain market?
What is the Cold Chain market growth?
Which segment accounted for the largest Cold Chain market share?
Who are the key players in the Cold Chain market?
What are the factors driving the Cold Chain market?
1. EXECUTIVE SUMMARY
2. GLOBAL COLD CHAIN MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MACRO-ECONOMIC INDICATORS
6. MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9. RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. GLOBAL COLD CHAIN MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. GLOBAL COLD CHAIN MARKET
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Billion Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. GLOBAL COLD CHAIN MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By Type: Market Share (2020-2030F)
12.2.1. Storage, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. Transportation, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.3. Monitoring Components, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By Application : Market Share (2020-2030F)
12.3.1. Fruits & Vegetables, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. Fruit Pulp & Concentrates, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.3. Dairy Products, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.4. Fish, Meat, and Seafood, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.5. Processed Food, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.6. Pharmaceuticals, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.7. Bakery & Confectionary, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.8. Others, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
Company Profile
1. COLEMAN
1. COMPANY OVERVIEW
2. COMPANY TOTAL REVENUE (FINANCIALS)
3. MARKET POTENTIAL
4. GLOBAL PRESENCE
5. KEY PERFORMANCE INDICATORS
6. SWOT ANALYSIS
7. PRODUCT LAUNCH
2. CONGEBEC INC.
3. CONESTOGA COLD STORAGE
4. NEWCOLD
5. HANSON LOGISTICS
6. CONFEDERATION FREEZERS
7. SEAFRIGO
8. TRENTON COLD STORAGE
9. MERCHANTS TERMINAL CORPORATION
10. OTHER PROMINENT PLAYERS
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
2. GLOBAL COLD CHAIN MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MACRO-ECONOMIC INDICATORS
6. MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9. RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. GLOBAL COLD CHAIN MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. GLOBAL COLD CHAIN MARKET
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Billion Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. GLOBAL COLD CHAIN MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By Type: Market Share (2020-2030F)
12.2.1. Storage, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. Transportation, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.3. Monitoring Components, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By Application : Market Share (2020-2030F)
12.3.1. Fruits & Vegetables, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. Fruit Pulp & Concentrates, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.3. Dairy Products, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.4. Fish, Meat, and Seafood, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.5. Processed Food, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.6. Pharmaceuticals, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.7. Bakery & Confectionary, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.8. Others, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
Company Profile
1. COLEMAN
1. COMPANY OVERVIEW
2. COMPANY TOTAL REVENUE (FINANCIALS)
3. MARKET POTENTIAL
4. GLOBAL PRESENCE
5. KEY PERFORMANCE INDICATORS
6. SWOT ANALYSIS
7. PRODUCT LAUNCH
2. CONGEBEC INC.
3. CONESTOGA COLD STORAGE
4. NEWCOLD
5. HANSON LOGISTICS
6. CONFEDERATION FREEZERS
7. SEAFRIGO
8. TRENTON COLD STORAGE
9. MERCHANTS TERMINAL CORPORATION
10. OTHER PROMINENT PLAYERS
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
