Global Cold Chain Logistics Market: Primarily Boosted by Increasing Demand for Processed & Frozen Food

SAN FRANCISCO, May. 03, 2018 According to the latest report published by Variant Market Research, the global Cold Chain Logistics market size was valued at $135 billion in 2016 and is expected to reach $386 billion by 2024. In this report, Cold Chain Logistics market forecast says that the global market is growing at 14% CAGR from 2016 to 2024.

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The global cold chain logistics market is primarily driven by increased export & import of various drugs and vaccines globally

The global cold chain logistics market trends include growth in the organized retail & food service industry, increasing demand for processed & frozen food, and adoption of multi-temperature refrigerator vehicles. However, high energy & infrastructure costs, and environmental concerns regarding greenhouse gas emissions are the major hindrance for the global cold chain logistics market growth. Moreover, growing express delivery service providers & third-party logistics is expected to create numerous growth opportunities for the market in the forecasted years.

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Market Segmentation

End-use and geography are the segments considered in the global cold chain logistics market. The end-use segment includes dairy & frozen desserts, fruits & vegetables, meat, fish & sea food, bakery & confectionary, drugs & pharmaceuticals, and other end-uses.

Geographically, the market has been bifurcated into North America, Europe, Asia-Pacific, and RoW. North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, and South Korea, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in this market.

Meat, fish & sea food, by end-use accounted for the major market share in 2016

Based on end-use segment, meat, fish & sea food sub-segment dominated the major cold chain logistics market share in the year 2016. The high growth in the segment is attributed to the high demand for frozen meat from several countries such as China, India, and Saudi Arabia. Moreover, fruits & vegetables accounted for the second largest market share in the end-use segment.

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Asia-Pacific led the global cold chain logistics market in 2016
In the year 2016, Asia-Pacific occupied the largest share accounting for 32.8% of the total market share, driven by increasing presence of modern supermarkets & franchises, and growing disposable income. Similarly, Asia-Pacific is likely to gain the fastest CGAR over the forecast period due to establishment of Trans-Pacific Partnership trade agreements.

Competitive Landscape

Key players profiled in the report include Continental Air Cargo, DHL International GmbH, Burris Logistics, Nichirei Logistics Group Inc., FedEx Corporation, World Courier, AGRO Merchants Group, LLC, C & M Cold Stores Ltd, Nordic Logistics and Warehousing, and VPA Logistics, among others.

Scope of Cold Chain Logistics Market

End-Use Industry Segments
• Fruits & Vegetables
• Dairy & Frozen Desserts
• Bakery & Confectionary
• Meat
• Fish & Sea Food
• Drugs & Pharmaceuticals
• Others

Geography Segments
• North America
o US
o Canada
o Mexico

• Europe
o Germany
o U.K.
o France
o Italy
o Others

• Asia-Pacific
o China
o India
o Japan
o South Korea
o Australia
o Others

• RoW
o South America
o Middle East
o Africa

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