Cold Chain Logistics Market to Reach $426,275 million, Globally, by Top Companies Americold Logistics (U.S.), Lineage Logistics (U.S.), VersaCold Logistics Services (Canada), AGRO Merchants Group, LLC (U.S.), United States Cold Storage, Inc. (U.S.), etc.
Increasing demand of frozen cooked & semi-cooked food amongst retail as well as business consumers, in the developing countries would fuel the cold chain logistics market in coming years. However, players operating in the market face challenges such as lack of deep freezing facilities in small retail shops, in semi- urban and rural areas of emerging markets
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Growth of international trade for perishable processed food, changing consumption pattern for perishable food, and government support toward infrastructure development for the cold chain sector are some of the factors expected to drive the cold chain logistics market in coming years. Cold chain logistics market in the developing economies is still evolving; market is not well organized and is operating under capacity. Due to current demand and supply gap in the market, the fragmented cold chain logistics market offers lucrative business opportunities for the new entrants.
Based on application type the, cold chain logistics market is segmented into fruits & vegetables, bakery & confectionary, dairy & frozen desserts, meat, fish & sea food, drugs & pharmaceuticals, and others. Among all applications types, meat, fish & sea food segment generated the highest revenue, accounting for and accounted for around 35% of the cold chain logistics market revenue in 2015. However, drugs & pharmaceuticals segment is expected to witness fastest growth during the forecast period.
Around 59% of the companies analyzed during research adopted mergers and acquisition as their strategies to gain competitive advantage. In an effort to gain expertise in the field of cold chain logistics, companies are enhancing their market reach. For instance, in 2016 United States Cold Storage, Inc. (U.S.) completed the purchase of the warehouse and assets of CFC Logistics Inc. from Clemens Food Group.
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High penetration of cold chain logistics in the U.S. market is attributed to the high consumption of frozen food (ready meals, frozen bakery and others), and increase in government regulations to maintain food quality standards. China holds the maximum percentage of the cold chain logistics market share in the Asia-Pacific region followed by India, Japan, South Korea, and Australia. However, rural &sub-urban areas of developing markets such as India and China still have underdeveloped cold chain infrastructure.
Key market players profiled in the report include Americold Logistics (U.S.), Lineage Logistics (U.S.), VersaCold Logistics Services (Canada), AGRO Merchants Group, LLC (U.S.), United States Cold Storage, Inc. (U.S.), etc.
Adoption of cold chain logistics is relatively higher in meat, fish and sea foods as these food products have short shelf life and hence need to be transported to and stored in a temperature-controlled environment. In terms of application type, drugs & pharmaceuticals, and bakery & confectionary are emerging to be lucrative business segments of cold chain logistics market. Increasing number of small and big business organizations have focused towards outsourcing their cold chain logistics requirements which has propelled the number of third party service providers in the industry.
Players have adopted merger/acquisition as one of their growth strategies to strengthen their foothold in the cold chain logistics market. For instance, Lineage logistics in 2013 acquired Seattle Cold to fortify its regional services and supply chain capabilities and University Park facility in the U.S. In 2014, the company acquired Millard refrigerated services to become the second largest temperature-controlled warehousing and Logistics Company in the world.
List of Figures
FIG. 1 Top Impacting Factors
Fig. 2 Top Winning Strategies In The Cold Chain Logistics Market (2013-2016)
Fig. 3 Top Winning Strategies (%) (2013-2016)
Fig. 4 Top Investment Pockets
Fig. 5 Porters Five Forces Analysis Of Cold Chain Logistics Market
Fig. 6 Market Share Analysis Of Cold Chain Logistics, 2015
Fig. 7 Organized Retail Market (U.S. $ Billions, 2015)
Fig. 8 Major International Cold Chain Logistics Market
Fig. 9 Global Biopharma Sales
Fig. 10 Refrigerated Warehouse Electricity Consumption (%)
Fig. 11 Global Rfid Market (U.S. $ Billions, 2012-2022)
Fig. 12 Global Cold Chain Market Share By Type, 2015
Fig. 13 Global Cold Chain Logistics Market For Fruits & Vegetables, ($ Million), Growth (%) 2015-2022
Fig. 14 Global Cold Chain Logistics Market For Bakery & Confectionary, ($ Million), Growth (%),2015-2022
Fig. 15 Global Cold Chain Logistics Market For Dairy & Frozen, ($ Million), Growth (%)2015-2022
Fig. 16 Global Cold Chain Logistics Market For Meat, Fish & Sea Food, ($ Million), Growth (%) 2015-2022
Fig. 17 Global Cold Chain Logistics Market For Drugs & Pharmaceuticals, ($ Million), Growth (%)2015-2022
Fig. 18 Global Cold Chain Logistics Market For Other Industries, ($ Million), Growth (%)2015-2022
Fig. 19 Global Cold Chain Logisitcs Market Share By Geography, 2015
Fig. 20 North America Cold Chain Logistics Market, ($ Million), Growth (%), 2015-2022
Fig. 21 Europe Cold Chain Logistics Market, ($ Million), Growth (%), 2015-2022
Fig. 22 APAC Cold Chain Logistics Market, ($ Million), Growth %, 2015-2022
Fig. 23 LAMEA Cold Chain Logistics Market, ($ Million), Growth (%), 2015-2022
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