Cold Chain Market to reach USD 489.7 Bn by 2029, emerging at a CAGR of 8.6 percent and forecast 2023-2029

Cold Chain Market to reach USD 489.7 Bn by 2029, emerging at a CAGR of 8.6 percent and forecast 2023-2029

Cold Chain Market Report Scope and Research Methodology

The Cold Chain Market report provides an insightful overview of the cold chain industry-a sophisticated technique that employs refrigerated and thermal packaging to safeguard temperature-sensitive goods during transit. Primarily utilized in the global food and beverage sector, the cold chain ensures product integrity against temperature fluctuations. The report delves into a comprehensive analysis and forecasts of the market size in terms of value. The market is extensively segmented by Type, Packaging, Equipment, Application, and Region. These segments encompass Storage, Transportation, and Monitoring Components under Vehicle Type, and an array of applications including Fruits & Vegetables, Fruit Pulp & Concentrates, Dairy Products, Fish & Seafood, Processed Food, Pharmaceuticals, Bakery & Confectionery, and more.

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Cold Chain Market Dynamics:

Driving Factors:

1. Increasing Consumer Demand for Perishable Foods:
As consumers prioritize health and well-being, the demand for perishable goods like dairy products, fruits, vegetables, and high-protein animal-based products has surged. This shift in consumption patterns is driven by awareness of food's impact on physical and mental development.

2. Government Initiatives to Reduce Food Wastage:
Governments worldwide are actively taking measures to combat food and agricultural waste. Subsidies and incentives are driving the entry of service providers into these emerging markets with innovative cold chain solutions, which ensure optimal storage and transportation conditions for temperature-sensitive products.

Restraints:

1. High Energy Costs and Capital Investment:

Maintaining the freshness and quality of perishable goods requires substantial investments in modern cold storage facilities, advanced vehicles, and system technologies. Escalating energy costs pose a challenge for providers, particularly in energy-intensive regions like North America and Europe.

2. Fuel Costs and Inefficient Consumption Management:

The expansion of refrigerated truck usage in cold chains, particularly in North America and Europe, has amplified fuel costs and the need for efficient fuel consumption management. Emerging economies face unique operational challenges. Cold chain enterprises in these regions contend with significantly higher annual operating expenses per cubic foot.

Cold Chain Market Regional Insights:

1. Asia Pacific Dominates Market Share: In 2022, the Asia Pacific region held the largest market share at 50.64%. Projected to grow at a CAGR of 13.1%, the region is witnessing significant growth due to strong developments in the life sciences and food industries. Rising healthcare spending and a growing market base for healthcare and food products contribute to this growth.

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Cold Chain Market Segmentation:

The transportation market will see growth driven by high-cube refrigerated trailers, connected refrigerated trucks, insulated containers, and cross-product movement vehicles. Efficient cold storage management, relying heavily on monitoring software and hardware, fuels the adoption of temperature monitoring solutions.

Type Storage

Warehouses
Reefer Containers
Transportation
Road
Sea
Rail
Air
Monitoring Components
Hardware
Software

by Packaging

Product
Material

by Equipment

Storage Equipment
Transportation Equipment

by Application

Fruits & Vegetables
Fruit Pulp & Concentrates
Dairy Products
Milk
Butter
Cheese
Ice-cream
Fish, Meat, and Seafood
Processed Food
Pharmaceuticals
Bakery & Confectionary

Cold Chain Market Key Players:

1.Americold Logistics
2.Lineage Logistics Holdings
3.Nichirei Corporation
4.Burris Logistics
5.Agro Merchants Group
6.Kloosterboer
7.United States Cold Storage
8.Tippmann Group
9.VersaCold Logistics Services
10.Henningsen Cold Storage Co.
11.CWT Pte Limited
12.Orient Overseas (International) Limited
13.JWD Group Inc.
14.Swire Cold Chain Logistics Co. Ltd
15.XPO Logistics Inc.

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Table of content for the Cold Chain Market includes:

1. Global Cold Chain Market: Research Methodology
2. Global Cold Chain Market: Executive Summary

• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry

3.Global Cold Chain Market: Competitive Analysis

• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact

4 . Company Profile: Key players

• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments

Key Offerings:

• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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