Global Cold Chain Market to Reach $403 Billion by 2030
The global market for Cold Chain estimated at US$262.4 Billion in the year 2023, is expected to reach US$403 Billion by 2030, growing at a CAGR of 6.3% over the period 2023-2030. Frozen Cold Chain, one of the segments analyzed in the report, is expected to record 6.5% CAGR and reach US$284.2 Billion by the end of the analysis period. Growth in the Chilled Cold Chain segment is estimated at 5.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $77.8 Billion, While China is Forecast to Grow at 5.9% CAGR
The Cold Chain market in the U.S. is estimated at US$77.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$70.3 Billion by the year 2030 trailing a CAGR of 5.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.7% and 5.2% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.
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