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Cold Chain Market

Cold Chain Market is prospering owing to the rising demand for perishable goods paired with growing organized retail sector!

The cold chain market is expected to grow at a CAGR of ~8% over the forecast period (2021-2027). 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. The demand for Cold Chain is increasing on account of the rising penetration of connected devices and automation of refrigerated warehouses all over the world. The rising number of retail stores in developing economies is leading to high demand for cold chain solutions.

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Based on Type, the market is bifurcated into Refrigerated Transport and Refrigerated Warehousing. The Refrigerated Warehousing segment holds the largest share in 2020 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 2016.

Based on Temperature Type, the market is bifurcated into Frozen and Chilled. The Frozen segment dominated the market in 2020 and is expected to grow at lucrative 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

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For a better understanding of the market adoption of Cold Chain, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific will dominate the Cold Chain market on account of the rising economic developments of countries such as China, India, Japan, and Australia. The shift of industrialization and investments in the Asia Pacific has grown substantially over the past decade, especially in China and India, contributing to rapid economic growth. Moreover, the high demand for dairy and meat products in the Asia Pacific region is leading to the high demand for the preservation of quality and nutritive elements in the products, which drives the market for cold chains in the region. Some of the major players operating in the market include Americold Logistics, Lineage Logistics Holdings, Nichirei Corporation, Burris Logistics, Agro Merchants Group, Kloosterboer, United States Cold Storage, Tippmann Group, VersaCold Logistics Services, and Henningsen Cold Storage Co. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.

Global Cold Chain Market Segmentation

Market Insight, by Application

• Fruits & Vegetables
• Dairy & Frozen Desserts
• Fish
• Meat & Seafood
• Bakery & Confectionery

Market Insight, by Temperature Type

• Frozen
• Chilled

Market Insight, by Type

  • Refrigerated Transport
  • Refrigerated Warehousing

Market Insight, by Region

  • North America Cold Chain Market
    • United States
    • Canada
    • Rest of North America
  • Europe Cold Chain Market
    • Germany
    • United Kingdom
    • France
    • Spain
    • Rest of Europe
  • Asia-Pacific Cold Chain Market
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Rest of World Cold Chain Market

Top Company Profiles

  • Americold Logistics
  • Lineage Logistics Holdings
  • Nichirei Corporation
  • Burris Logistics
  • Agro Merchants Group
  • Kloosterboer
  • United States Cold Storage
  • Tippmann Group
  • VersaCold Logistics Services
  • Henningsen Cold Storage Co.

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