Driving Cold Chain Market Growth in 2025: The Role of Consumer Demand For Perishable Foods Fueling Growth In The Cold Chain Market

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How Large Will the Cold Chain Market Size By 2025?
There has been a swift expansion in the size of the cold chain market in the previous few years. The market is projected to surge from $405.02 billion in 2024 to $454.48 billion in 2025, with a compound annual growth rate (CAGR) of 12.2%. This considerable growth during the historical period is credited to robust economic expansion in budding markets, global population growth, rising food exports, and escalating demand from final-use sectors.

How Big Is the Cold Chain Market Size Expected to Grow by 2029?
Expectations are high for the cold chain market size to experience accelerated growth within the next few years. A projection sees it expanding to a hefty $776.01 billion by the turn of 2029, with a compound annual growth rate (CAGR) of 14.3%. Factors that contribute to this optimistic forecast include escalating global population and urbanization, the swift expansion of e-commerce, the rise in the consumption of packaged food, initiatives aimed at food security, and rising demands from various end-use industries. The forecast period is also seeing major trends, such as prioritizing sustainability measures, emphasis on quality and product sensitivity, utilization of the Internet of Things (IoT), the trend towards intelligent warehousing, the outsourcing of processes to third-party logistics, and focus on strategic investments.

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Which Key Market Drivers Powering Cold Chain Market Expansion and Growth?
The rise in consumer preference for perishable foods is anticipated to fuel the expansion of the cold chain market during the projection period. An escalating urban populace combined with alterations in dietary patterns has resulted in increased consumption of perishables such as dairy items, fruits, vegetables, and meat. The buying behavior of consumers has seen a shift towards perishable goods with longer shelf lives due to their inherent perishability. High demand for such foods is being noted in developing regions like Asia-Pacific and Latin America. For example, raw milk production in the European Union reportedly grew by 0.8% in the first six months of 2023, as per the Belgium-based executive branch of the European Union (EU), the European Commission (EC), in August 2023. Hence, this escalating requirement for perishable foods is anticipated to propel the cold chain market.

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Which Fast-Growing Trends Are Poised to Disrupt the Cold Chain Market?
Key players in the cold chain market are implementing innovative technologies like temperature trackers to improve real-time surveillance and guarantee the maintenance of temperature-sensitive products throughout the distribution chain. These temperature trackers use multiple sensor technologies to gauge and document temperature situations at various points during the product's transportation and storage phases. For example, CubeWorks, an American tech firm, unveiled CubiSens XT1 in September 2022, a comprehensive solution designed for monitoring and enhancing agricultural procedures. It uses various sensors and technologies to collect data on conditions such as environmental factors, crop health, soil humidity, and other pertinent elements. It aims to assist farmers in taking data-driven decisions, enhancing crop output, maximizing resource utilization, and boosting overall agricultural efficiency and sustainability.

What Are the Emerging Segments in the Cold Chain Market?
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

Subsegments:
1) By Refrigerated Warehousing: Ambient Temperature Storage (2°C to 8°C), Frozen Storage (below -18°C), Temperature-Controlled Storage (Multi-temperature Warehouses)
2) By Refrigerated Transport: Road Transportation (Refrigerated Trucks And Vans), Rail Transportation (Refrigerated Railcars), Air Transportation (Cargo Planes With Temperature Control), Maritime Transportation (Reefer Containers)

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Who Are the Global Leaders in the Cold Chain Market?
Major companies operating in the cold chain market include 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

Which are the Top Profitable Regional Markets for the Cold Chain Industry?
North America was the largest region in the cold chain market in 2024. Asia-Pacific region is projected to record the fastest growth over the forecast period. The regions covered in the cold chain market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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