Cold Chain Market Size, Share, Trends and Future Growth to 2023 - Major Key Players are Americold logistics, Preferred Freezer Services, Burris Logistics, Lineage Logistics Holdings LLC, Nichirei Logistics Group, Agro Merchants Group LLC, and Swire Group

Cold Chain Market Overview:

Cold Chain Market By Type (Refrigerated Storage, Transport), Temperature Type (Chilled, Frozen), Technology (Air Blown, Eutectic), Application (Fruits and Vegetables, Bakery And Confectionery, Dairy, Meat, Fish And Seafood) And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2018–2023)

A temperature-controlled supply chain is known as a Cold Chain. Cold Chains are used to enhance and safeguard the shelf life of fresh agricultural products, frozen foods, seafood, dairy, and bakery & confectionery products. The above items, when in transport and storage are referred to as Cool Cargo.

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Cold Chain goods & products are perishable and are always on-the-way towards end-users or to further distribution channels and are hence referred to as Cargo. A constant series of cooled production, storage, and supply activities, along with the supplementary equipment and logistics, which maintain the requisite low-temperature choice is termed as an Unbroken Cold Chain because temperature maintenance is required almost all the time during transport and storage till the end use of consumption.

The Cold Chain market is set to expand due to the growing demand from consumers for goods involving cold supply chains like dairy products, fresh vegetables, and fruits, etc. Further, the rapid growth of international trade of perishable foods, technological progress in refrigerated transport & storage, infrastructure development support by the government and the upsurge in enlargement of food retail chains by MNCs are the major driving factors for the growth of the Global Cold Chain Market. High-quality check standards set by governmental agencies and the associated costs of temperature management equipment are the constraints faced by the market.

Cold Chain Market Forecast Report (2018-2023):

The Global Cold Chain Market was valued at USD 217.03 billion in 2018 and is projected to be growing at a CAGR of 7.5%, to grasp a market worth of USD 311.57 billion by 2023.

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Cold Chain Market Segmentation:

The market is geographically divided into North America, Europe, Asia-Pacific, Latin America, and Middle-East & Africa. The Europe market is the largest consumer and is considered a developed market, also, there is huge growth potential shown by emerging markets like Asia-Pacific, South Africa, and Latin America, this is because the market is projected to expand in developing regions, where consumer demand and expenditure on cold chain products is mounting rapidly.

Key Developments in the Market

• August 7, 2018, Tippmann Innovation, Fort Wayne, Ind., partnered with The United States Department of Agricultural (USDA), Washington, D.C., to assess current and long-term needs for growers and processors throughout Northeast Maine.
• March 23, 2018, In 127th IARW-WFLO convention, an event for executives of temperature-controlled warehousing and logistics companies and industry suppliers are eager to advance the cold chain market.

Major Players:

The major companies dominating this market for its products and services are
• Americold Logistics (U.S.)
• Preferred Freezer Services (U.S.)
• Burris Logistics (U.S.)
• Lineage Logistics Holding LLC (U.S.)
• Nichirei Logistics Group Inc. (Japan)
• Al Rai Logistica K.S.C (Kuwait)
• Agro Merchants Group LLC (Netherlands)
• Swire Group (U.K)
• Berlinger & Co. AG (Switzerland)
• Henningsen Cold Chain Company (U.S)

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Key Takeaways from this Report:

· For different product types, end-use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential.
· Identify various driving factors, constraints and untold opportunities that can impact the global marketplace
· Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
· Increase overall revenue by understanding the geographical impact on sales and distribution channels.
· Evaluate the increase in values at each step of the industry supply chain to improve process efficacy and optimize the value.
· Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
· Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.

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