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Cold Chain Market Projected to Augment at a Notable CAGR During the Forecast Period Having Players: Americold Logistics, LLC., Burris Logistics, AGRO Merchants Group & Cloverleaf Cold Storage
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The dairy & frozen desserts application segment is expected to witness the fastest growth during the forecast period.
The global cold chain market is expected to witness a lucrative growth during the next six years. The global refrigerated warehouse capacity has increased by 28% in 2015, as compared to the total refrigerated warehouse capacity in 2012. India (139 million cubic meters) surpassed the cold chain capacity of the U.S. (119 million cubic meters) in 2014, and became the largest cold chain market by capacity.
The food and beverages industry in the developing market suffer largely by the fragmented supply chains, low level of value addition, low economies of scale, and insufficiency of marketing infrastructure. This is hindering the full flooded growth of the cold chain market in developing countries.
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Some of the major companies operating in the global cold chain market include, Americold Logistics LLC, Burris Logistics, Nichirei Logistics Group Inc., Agro Merchants Group, Kloosterboer Group B.V., Preferred Freezer Services, Lineage Logistics Holdings LLC, Swire Cold Storage Ltd., Cloverleaf Cold Storage, and Henningsen Cold Storage Company.
Global Cold Chain Market Segmentation
By Application
• Fruits & Vegetables
• Bakery & Confectionery
• Dairy & Frozen Desserts
• Fish, Meat & Seafood
• Others
By Type
• Refrigerated Storage
• Refrigerated Transport
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