Cold Chain Market 2024 -2033: Global Outlook, Industry Share, Business Growth And Major Players

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Cold Chain Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The cold chain market size has grown rapidly in recent years. It will grow from $365.57 billion in 2023 to $411.95 billion in 2024 at a compound annual growth rate (CAGR) of 12.7%. The growth in the historic period can be attributed to strong economic growth in emerging markets, growth in world population, increase in food export and increasing demand from end-use industries.

The cold chain market size is expected to see rapid growth in the next few years. It will grow to $679.31 billion in 2028 at a compound annual growth rate (CAGR) of 13.3%. The growth in the forecast period can be attributed to global population growth and urbanization, rapid growth in ecommerce, increasing consumption of packaged food, food security initiatives and increasing demand from end-use industries. Major trends in the forecast period include focusing on sustainability initiatives, focusing on quality and product sensitivity, leveraging internet of things (iot), focusing on smart warehousing, outsourcing processes to third-party logistics and focusing on strategic investments.

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Market Segmentation:
The cold chain market covered in this report is segmented -
1) By Type: Refrigerated Warehousing, Refrigerated Transport
2) By Temperature Type: Frozen, Chilled
3) By Industry Vertical: Pharmaceuticals And Healthcare, Food And Beverages, Chemicals, Other Industry Verticals

Major Driver - Consumer Demand For Perishable Foods Fueling Growth In The Cold Chain Market
Growing consumer demand for perishable foods contributed to the growth of the cold chain market in the historic period. The demand for perishable foods such as dairy products, fruits, vegetables, and meat is growing with the increasing urban population and changes in the eating habits of the populace. Consumers are shifting towards the purchase of perishable goods that have a long time until expiration, owing to the nature of perishability. Developing markets in the Asia-Pacific and Latin America are observing high demand for perishable food products. For instance, in 2021, according to India-based retail intelligence platform, Bizom, which tracks the sales of 7.5 million retail stores across India, sales of ready-to-eat products increased by 9.1% in August from July 2021. Hence, the increasing consumption of packaged and convenience food is expected to drive the cold chain market in the forecast period. Thus, growing consumer demand for perishable foods supported the cold chain market.

Competitive Landscape:
Major companies operating in the cold chain market report are Americold Logistics, Burris Logistics, Nichirei Corporation, United States Cold Storage, Lineage Logistics Holdings, VersaCold Logistics Services, Tippmann Group, Congebec Inc, Snowman Logistics Ltd, Conestoga Cold Storage, Cold Box India LLP, Rinac India Limited, Singhania Logistics & Distribution Pvt. Ltd, Sinotrans Shanghai Cold Chain Company, Kerry Logistics Network Limited, Global Cold Chain Solutions, Valley Food Storage, ACS&T Logistics, VIMA Foods, Logifrio, Cabezuelo Foods, Ebro Foods, CRS IE, Maersk, Ruzave, FREJA Transport & Logistics, Priority Freight, Dropex, Internel Sp. z o.o, NATANEX, PUH Jamax, Fructus Transport, Artrans Transport, DH Warehousing & Fulfillment Ltd, Belleair Storage, Sysco EastTexas LLC, Freedom Warehousing and Solutions, Sam Dune Enterprises, Des Moine Cold Storage Co, Paige Logistics Ltd, N&N Logistics Inc, XPO Logistics, Legacy Logistics, Localfrio S/A, Brado Logistica S/A, ComFrio, Friozem Armazens Frigorificos Ltda, Martini Meat S/A, Agility, Al Futtaim, RSA Cold Chain, Sharjah cold stores, Tameem logistics, APG Logistics, GEFCO South Africa, Value Logistics, Transnova, KAP Industrial Holdings Limited, Tsiko Africa Group, Bakers SA Limited

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Top Trend - Enhancing Efficiency And Precision In Cold Chain Operations
Cold Chain players are increasingly moving forward towards smart warehousing to cut costs and have better efficiencies. Intelligent warehousing integrates cutting-edge technology to increase production and efficiency while reducing mistakes. The ecosystem of technology in the smart warehouse automatically recognizes, receives, sorts, arranges and pulls goods. It seems to breathe life into the warehouse and execute the chores without the need for human intervention. The quality of the perishable consignment is maintained by temperature-controlled storage with suitable cooling and heating systems. This is made possible by integrating a sophisticated warehouse management system that keeps an eye on the storage facility and provides real-time data on the temperature and other variables that can have an impact on the goods. The effectiveness of storage activities is improved by this. For instance, in October 2021, US-based Smart Warehousing, a national warehousing and fulfillment solutions company, launched an Innovation Hub in its headquarters in Edgerton, Kansas. The Innovation Hub is attached to a 500,000-square-foot warehouse, allowing Smart Warehousing to test and optimize its technology and automation in-house, before deploying it to over 34 national warehouse locations.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Cold Chain Market Characteristics
3. Cold Chain Market Trends And Strategies
4. Cold Chain Market - Macro Economic Scenario
5. Cold Chain Market Size And Growth
…..
27. Cold Chain Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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