Cold Chain Market Size, Share & Growth Trends by 2025

The cold chain market was valued at USD 233.8 billion in 2020 and is projected to reach a value of USD 340.3 billion by 2025, growing at a CAGR of 7.8% in terms of value during the forecast period. The increasing need for temperature control to prevent food losses, growth in international trade owing to trade liberalization, along with the rising demand for perishable goods among consumers across the globe, is driving the growth of the cold chain market.

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By temperature type, the frozen segment to account for the larger share in the global market during the forecast period

Companies indulge in the freezing of the food products to enhance the shelf-life of the foods for making them inert. The freezing process slows down the biological and chemical reactions that promote the spoilage of the food. Frozen food locks in the nutrients in the food, making it more attractive than chilled foods. With the need for convenience, the demand for frozen products is growing among consumers. The increased demand for frozen foods is due to its consistent availability throughout the year in supermarkets, hypermarkets, and convenience stores.

Dairy & frozen desserts to account for the largest applications in the cold chain market during the forecast period

A cold chain is used for transporting frozen meat such as beef, poultry, and pork. Frozen bakery products such as cakes and breads also are transported by making use of cold storage facilities. Likewise, milk and dairy products have been associated with foodborne illnesses and hence are consistently regulated. There has been strong demand for animal protein products such as milk, cheese, and meat, which has also lead to the need for maintaining the quality of dairy products.

Asia Pacific to account for the fastest-growing and largest market at a CAGR of 13.1% during the forecast period

The cold chain market in this region is estimated to witness robust growth propelled by the economic developments of countries such as China, India, Japan, and Australia. The shift of industrialization and investments in Asia Pacific has grown substantially over the past decade, especially in China and India, contributing to rapid economic growth. Countries such as India, Japan, China, and South Korea have a strong demand for dairy and meat products, which has led to the strong demand for preserving the quality and nutritive element in the products, which drive the market for cold chain in the region.

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Key players in this market include Americold Logistics (US), Lineage Logistics Holdings (US), Nichirei Corporation (Japan), Burris Logistics (US), Agro Merchants Group (US), Kloosterboer (Netherlands), United States Cold Storage (US), Tippmann Group (US), VersaCold Logistics Services (Canada), Henningsen Cold Storage Co. (US), Coldman (India), Congebec Inc. (Canada), Conestoga Cold Storage (Canada), NewCold (Netherlands), Hanson Logistics (US), Confederation Freezers (Canada), Seafrigo (France), Trenton Cold Storage (Canada), Merchants Terminal Corporation (US), and Stockhabo (Belgium).

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