Cold Chain

Cold Chain

The Cold Chain market is expected to grow at a strong CAGR of around 6.4% during the forecast period. Cold Chain is a mixture of temperature-controlled surface transport and supply chain. It relates to the freezing solutions which help to maintain the quality and shelf life of products, for example, seafood, agricultural produce, frozen food, chemicals, photographic film, and pharmaceutical drugs. Nowadays, Cold chains are necessary for extending the period of marketing, decreasing transport bottlenecks during peak periods, and preventing overcapacity. The process comprises the exploitation of temperature-monitored warehouses for the storage and cold insulated transport vehicles for the distribution of products.

Some of the major players operating in the market include Americold Logistics, Lineage Logistics Holdings, Nichirei Corporation, Burris Logistics, Agro Merchants Group, Kloosterboer Group B.V., United States Cold Storage, Tippmann Group, VersaCold Logistics Services, and Henningsen Cold Storage Co.

Insights Presented in the Report

“Amongst temperature type, the Frozen segment to grow with high CAGR during the forecast period”

Based on Temperature Type, the market is bifurcated into Frozen and Chilled. The Frozen segment dominated the market in 2022 and is expected to grow lucratively during the forecasted period. The freezing of food the preservation of the storage life of food products by making them more inert. In addition, the freezing process slows down the biological and chemical reactions that encourage food spoilage and limit the shelf-life. Frozen products have a standard temperature range between 18°C and -25°C. Freezing preserves the texture, taste, and nutritional value of the food products. Though, it also depends upon the type of food materials, the use of pre-treatments, the choice of freezer & frozen storage options, and the usage of appropriate packaging

“Amongst type, the refrigerated warehousing category held a significant share of the market in 2022”

Based on Type, the market is bifurcated into Refrigerated Transport and Refrigerated Warehousing. The Refrigerated Warehousing segment holds the largest share in 2022 and is expected to register the highest CAGR in the upcoming period owing to rising preference for packaged foods all over the world. The Shifting of dietary patterns and lifestyles of consumers is further driving the demand for frozen foods which in turn boosts the demand for warehousing. According to the GCCA, the total capacity of refrigerated warehouses all over the world was 616 million cubic meters in 2018, 2.67% greater than the capacity reported in 2022.

“North American to grow with high CAGR during the forecast period”

The market in North America is anticipated to expand at the fastest rate over the course of the forecasted period due to the region's growing need for perishable items, quick service restaurants, and sustainable cold chain supplies. Additionally, there is a high demand for the preservation of high-quality and nutritive components in fish products, which is driving innovation in North American fish product processing, storage, and packaging technologies. As a result of rising demand and enhanced cold chain infrastructure, North America is rapidly becoming one of the world's most important marketplaces. Consumer spending currently accounts for a larger portion of the North American economy than manufacturing or construction. There should be an increase due to North American pharmaceutical innovation.

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• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
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• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

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