Cold Chain Market

Cold Chain Market by Type, Temperature Type (Chilled, Frozen, and Deep-frozen), Application (Food & Beverages, Pharmaceuticals), Technology( Blast Freezing, Vapor Compression,Programmable Logic Controller) and Region - Global Forecast to 2029

Report Code: FB 2871 Mar, 2024, by marketsandmarkets.com

[369 Pages Report] The global cold chain market is on a trajectory of significant expansion, with an estimated value projected to reach USD 372.0 billion by 2029 from the 2024 valuation of USD 228.3 billion, displaying a promising Compound Annual Growth Rate (CAGR) of 10.3%. The cold chain refers to a series of temperature-controlled processes, facilities, and logistics used to ensure the integrity and quality of perishable goods throughout their journey from production to consumption. It encompasses refrigeration, freezing, and controlled atmosphere technologies to maintain specific temperature and humidity levels.

The increasing popularity of the "eating-at-home" culture has intensified the need for preserved, fresh, and frozen foods. According to Forbes, eCommerce sales in the US soared to USD 870 billion in 2021, marking a 14.2% increase from the previous year and an impressive 50.5% growth compared to 2019. In China, expenditure on online groceries surged by 30% from 2020 to 2021, reaching a record USD 78 billion in 2022. The digital food industry is expected to represent 34.6% of total sales in 2023, benefiting various sectors including quick-frozen foods, home-packaged meat and seafood, and bakery products. This exemplifies the profound impact of eCommerce growth on consumer behavior and eating at home culture.

With consumers seeking convenience and health-conscious options, there's a growing demand for products that are minimally processed, yet have an extended shelf life. Cold chain infrastructure plays a pivotal role in meeting these demands by preserving the freshness and nutritional value of perishable items, thereby extending their marketability. Additionally, the globalization of food supply chains has made cold chain logistics indispensable in international trade. With a rise in cross-border commerce, maintaining product quality and safety standards becomes paramount. Cold chain ensures that goods such as fruits, vegetables, seafood, and pharmaceuticals remain viable during transit, reducing the risk of spoilage and contamination.

However, the cold chain industry faces challenges, including rising fuel costs. Cold chain operations require energy-intensive refrigeration systems, contributing to significant fuel consumption and operational expenses. To mitigate this, investments in energy-efficient technologies, alternative fuels, and optimization of transportation routes can help reduce costs and environmental impact.

Cold Chain Market

To know about the assumptions considered for the study, Request for Free Sample Report

Cold Chain Market Opportunities

To know about the assumptions considered for the study, download the pdf brochure

Market Dynamics

Drivers: Increasing need for temperature control to prevent food loss and potential health hazards

With the global population swelling and urbanization escalating, the demand for perishable goods, including fresh produce, dairy, and pharmaceuticals, has skyrocketed. This surge necessitates meticulous temperature management throughout the supply chain to maintain product quality and safety. The intricacies of the modern supply chain, characterized by extended transportation routes and diverse distribution channels, amplify the importance of temperature control. Fluctuations in temperature during transit or storage can catalyze spoilage, rendering goods unsuitable for consumption and resulting in substantial financial losses for producers, distributors, and retailers alike.

Furthermore, the stakes extend beyond economic ramifications, encompassing public health concerns. Inadequate temperature control can foster the proliferation of harmful pathogens, such as bacteria and fungi, heightening the risk of foodborne illnesses. Consequently, stringent regulatory frameworks, coupled with evolving consumer expectations for quality and safety, underscore the imperative for precise temperature monitoring and management across the cold chain.

Restraints: High energy costs and requirement for significant capital investments

The cold chain market, crucial for preserving perishable goods like food and pharmaceuticals, faces significant hurdles due to high energy costs and the substantial capital investments required. Firstly, maintaining the necessary low temperatures throughout the supply chain demands substantial energy consumption. Cold storage facilities, refrigerated trucks, and temperature-controlled warehouses all contribute to this energy demand. Moreover, the energy-intensive nature of cooling systems, often reliant on conventional refrigerants, exacerbates environmental concerns and regulatory compliance costs.

Additionally, establishing and maintaining a robust cold chain infrastructure demands substantial capital investments. From procuring refrigeration equipment to constructing specialized storage facilities and transportation fleets, the initial financial outlay can be prohibitive for many businesses, particularly small and medium enterprises (SMEs). Additionally, ongoing operational expenses such as energy bills and maintenance further strain financial resources.

Opportunities: Intermodal transport to save fuel costs

Intermodal transport has emerged as a pivotal solution in the cold chain market due to its unparalleled ability to optimize fuel costs. Cold chain logistics demands a delicate balance between temperature control and efficiency. Intermodal transport achieves this balance by seamlessly integrating multiple modes of transportation, such as trucks, trains, and ships, to deliver goods to their destination. By strategically combining different transport modes based on their strengths and cost-effectiveness, companies can minimize fuel consumption. For instance, trains are substantially more fuel-efficient than trucks over long distances, while trucks offer flexibility and accessibility for last-mile delivery. By leveraging these strengths, businesses can significantly reduce their overall fuel expenditure, thereby enhancing cost-effectiveness in the cold chain market.

Moreover, intermodal transport fosters sustainability, a growing concern in modern supply chain management. By optimizing fuel usage, companies not only cut costs but also reduce their carbon footprint. This aligns with increasingly stringent environmental regulations and consumer preferences for eco-friendly practices.

Challenges: Maintaining product integrity during transportation of perishable commodities

Perishable goods such as fresh produce, seafood, and pharmaceuticals are highly sensitive to temperature fluctuations. Even slight deviations from the required temperature range can accelerate spoilage, compromising product quality and safety. Achieving and maintaining the optimal temperature throughout the entire transportation process, from storage facilities to trucks, ships, or planes, requires sophisticated refrigeration systems and meticulous monitoring. Additionally, maintaining the cold chain often involves multiple handovers and modes of transportation, increasing the risk of mishandling or delays. Each transition presents an opportunity for temperature breaches or physical damage, necessitating robust packaging and handling protocols.

Furthermore, logistical challenges such as unpredictable weather conditions, traffic congestion, and customs delays further exacerbate the risk to product integrity. Effective contingency plans and real-time tracking systems are essential to mitigate these risks and ensure timely delivery without compromising quality. Moreover, regulatory compliance adds another layer of complexity. Strict regulations govern the transportation of perishable goods, requiring adherence to specific temperature thresholds, documentation, and sanitation standards. Non-compliance can result in costly fines, product recalls, and damage to brand reputation.

Market Ecosystem

Top Companies in Cold Chain Market

Refrigerated Road Transportation, By Type Accounted For The Highest Market Share Among Refrigerated Transport In 2023.

Refrigerated road transportation dominates the refrigerated transport cold chain market due to its crucial role in maintaining the integrity and freshness of perishable goods during transit. Unlike warehouses, which primarily provide storage, refrigerated transportation ensures continuous temperature control from origin to destination. This is vital for sensitive products like fresh produce, pharmaceuticals, and certain chemicals, where even slight temperature fluctuations can compromise quality and safety.

Refrigerated trucks offer unparalleled flexibility, reaching remote areas inaccessible to warehouses. Their mobility facilitates efficient distribution networks, reducing transit times and minimizing inventory holding costs. Additionally, advancements in refrigeration technology have enabled precise temperature monitoring and remote control, enhancing product traceability and compliance with stringent regulatory standards. Furthermore, refrigerated road transportation optimizes supply chain efficiency by enabling just-in-time delivery, reducing inventory spoilage, and minimizing waste. Its ability to seamlessly integrate with other transportation modes further enhances its market dominance.

Asia Pacific Is The Fastest-Growing As Well As The Dominant Market For Cold Chain Among The Regions.

Asia Pacific region leads the cold chain market. The region's burgeoning population, rapid urbanization, and expanding middle class have fueled a surge in demand for perishable goods, including fresh produce, dairy products, and pharmaceuticals, necessitating robust cold chain infrastructure. Additionally, the huge consumption of bakery and meat sector in the countries such as China further propels the demand for cold chain. According to an April 2022 report from the USDA, China ranks as the second-largest market for baked goods globally, following only the US. USDA forecasts suggest that the market is poised to reach USD 53 billion by 2025, highlighting its significant growth potential. Similarly, based on data from the USDA Economic Research Service, China's reliance on meat imports has risen from 1.0 percent in 2000 to 9.1 percent in 2021. Since 2019, China has held the title of the world's largest meat importer, surpassing the second-largest meat-importing nation by 43 percent in 2022, which is Japan.

Moreover, the proliferation of convenience food stores, supermarkets, and quick-service restaurants (QSRs) across Asia Pacific has intensified the need for robust cold chain solutions to preserve freshness and meet consumer expectations for quality and safety. For instance, a USDA publication from 2022 disclosed that in the period leading up to the COVID-19 pandemic (December 2019 to February 2020), consumers increased their spending at quick-service restaurants by nearly 5%, while their expenditure at full-service restaurants remained relatively unchanged compared to the previous year. The shift in dietary habits towards more processed and frozen foods has further propelled the demand for cold chain logistics. Furthermore, the diverse geographical landscape of the Asia Pacific region, encompassing vast territories with varying climatic conditions, further underscores the importance of a well-developed cold chain network to facilitate seamless distribution of temperature-sensitive goods.

Asia Pacific Cold Chain Market Size, and Share

Key Market Players

The key players in this market include Americold Logistics, Inc. (US), Lineage, Inc. (US), NICHIREI CORPORATION (Japan), Burris Logistics (US), A.P. Moller - Maersk (Denmark), Tippmann Group (US), Coldman Logistics Pvt.Ltd. (India), and United States Cold Storage (US).

Get online access to the report on the World's First Market Intelligence Cloud

  • Easy to Download Historical Data & Forecast Numbers
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
Request Sample

Scope of the Report

:

Report Metric

Details

Market size estimation

2024–2029

Base year considered

2023

Forecast period considered

2024–2029

Units considered

Value (USD), Volume (Ton)

Segments Covered

By Type, Temperature Type, Application, Technology (Qualitative) And Region

Regions covered

North America, Europe, Asia Pacific, South America, and RoW

Companies studied

  • Americold Logistics, Inc. (US)
  • Lineage, Inc. (US)
  • NICHIREI CORPORATION (Japan)
  • Burris Logistics (US)
  • A.P. Moller - Maersk (Denmark)
  • United States Cold Storage (US)
  • Tippmann Group (US)
  • Coldman Logistics Pvt.Ltd. (India)
  • CONGEBEC (Canada)
  • CONESTOGA COLD STORAGE (Canada)
  • NewCold (Netherlands)
  • Seafrigo Group (France)
  • Trenton Cold Storage (Canada)
  • Blue Water Shipping (Denmark)
  • Constellation Cold Logistics S.à r.l. (Belgium)
  • Antarrtica (India)
  • APF Cold Storage & Logistics (Australia)
  • JS Davidson (UK)
  • Coldrush Logistics (India)
  • CDS Group of Companies (Canada)
  • Ruiyun Cold Chain (China)

This research report categorizes the cold chain market, based on type, temperature type, application, technology and region.

Target Audience

  • Cold Storage Facility Owners/Operators
  • Cold Chain Equipment Manufacturers
  • Chilled & Frozen Food Manufacturers
  • Government Agencies (related to food safety and pharmaceutical regulations such as FDA, EFSA, and FSSAI)

Report Scope:

Cold Chain Market:

By Technology (Qualitative)
  • Blast Freezing
  • Vapor Compression
  • Programmable Logic Controller
  • Evaporative Cooling
  • Cryogenic Cooling
  • Other Technologies
By Type
  • Cold Chain Storage And Infrastructure (Rent)
  • Refrigerated Transportation
    • Refrigerated Road Transportation
      • Refrigerated LCV (Van)
      • Refrigerated Transportation MHCV (Truck)
      • Refrigerated HCV (Trailers & Semitrailers)
    • Refrigerated Sea Transportation
    • Refrigerated Rail Transportation
    • Refrigerated Air Transportation
  • Others (Inventory Management, Order Fulfillment, Quality Control and Assurance, Value-Added Services, Cross-Docking, Temperature Monitoring and Reporting and Customized Solutions)
By Temperature Type
  • Chilled (0°C To 5°C)
  • Frozen (-18°C And Below)
  • Deep-Frozen (Below -25°C)
By Application
  • Food & Beverages
    • Dairy & Frozen Desserts
    • Fish, Meat, and Seafood Products
    • Fruits & Vegetables
    • Bakery and Confectionery Products
    • Others
  • Pharmaceuticals
  • Other Applications (Chemicals, Flowers & Plants, Art, Electronics, and Other Temperature-Sensitive Products)
By Region
  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Rest of the World (RoW)

Recent Developments

  • In June 2023, Lineage, Inc. (US), announced the partial closure of its joint venture agreement with SK Logistics, a cold-storage warehouse operator based in Vietnam. Lineage, Inc. will now own SK Logistics' two cold storage warehouses totaling nearly 400,000 square feet. This joint venture significantly enhances Lineage, Inc.'s capacity in the northern region of Vietnam, and Lineage, Inc. now possesses integrated assets and supply chain solutions in both the northern and southern regions of Vietnam.
  • In December 2022, A.P. Moller - Maersk (Denmark), inaugurated its cutting-edge integrated cold chain facility at the Ruakura Superhub, establishing Hamilton as a crucial hub within the Golden Triangle for freight and logistics in New Zealand.
  • In June 2022, Americold Logistics, Inc. (US), announced the opening of its newest facility in Dunkirk, New York. The new facility boasts over 181,000 square feet of cold storage & operational space, and 25,000 pallet positions, to support cold storage needs in the western New York region. This new facility will further expand the company’s footprint across the US.

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS
 
1 INTRODUCTION 
    1.1. STUDY OBJECTIVES 
    1.2. MARKET DEFINITION 
    1.3. STUDY SCOPE 
           1.3.1. MARKET SEGMENTATION
           1.3.2. INCLUSIONS & EXCLUSIONS
           1.3.3. REGIONS COVERED
           1.3.4. YEARS CONSIDERED
    1.4. UNIT CONSIDERED 
           1.4.1. CURRENCY/ VALUE UNIT
           1.4.2. VOLUME UNIT CONSIDERED
    1.5. STAKEHOLDERS 
    1.6. SUMMARY OF CHANGES 
           1.6.1. RECESSION IMPACT 
 
2 RESEARCH METHODOLOGY 
    2.1. RESEARCH DATA 
           2.1.1. SECONDARY DATA
                    2.1.1.1. Key data from secondary sources
           2.1.2. PRIMARY DATA
                    2.1.2.1. Key data from primary sources
                    2.1.2.2. Key Primary Insights
                    2.1.2.3. Breakdown of Primary Interviews
    2.2. MARKET SIZE ESTIMATION 
           2.2.1. BOTTOM-UP APPROACH
           2.2.2. TOP-DOWN APPROACH
    2.3. DATA TRIANGULATION 
    2.4. RESEARCH ASSUMPTIONS 
           2.4.1. ASSUMPTIONS OF THE STUDY
    2.5. LIMITATIONS AND RISK ASSESSMENT 
    2.6. RECESSION IMPACT ANALYSIS 
           2.6.1. RECESSION MACROINDICATORS
 
3 EXECUTIVE SUMMARY 
 
4 PREMIUM INSIGHTS 
 
5 MARKET OVERVIEW 
    5.1. INTRODUCTION 
    5.2. MACROECONOMIC INDICATORS 
    5.3. MARKET DYNAMICS 
           5.3.1. DRIVERS
           5.3.2. RESTRAINTS
           5.3.3. OPPORTUNITIES
           5.3.4. CHALLENGES
 
6 INDUSTRY TRENDS 
    6.1. INTRODUCTION 
    6.2. SUPPLY CHAIN ANALYSIS 
    6.3. VALUE CHAIN ANALYSIS 
    6.4. TRADE ANALYSIS 
    6.5. TECHNOLOGY ANALYSIS 
           6.5.1. KEY TECHNOLOGIES 
                    6.5.1.1. TECHNOLOGY 1
                    6.5.1.2 TECHNOLOGY 2
           6.5.2. COMPLIMENTARY TECHNOLOGY
                    6.5.2.1.  TECHNOLOGY 1
           6.5.3. ADJACENT TECHNOLOGY 
                    6.5.3.1. TECHNOLOGY 1
    6.6. PRICING ANALYSIS 
           6.6.1. AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY VEHICLE TYPE 
           6.6.2. AVERAGE SELLING PRICE TREND, BY REGION 
    6.7. ECOSYSTEM ANALYSIS/ MARKET MAP 
           6.7.1 DEMAND SIDE
           6.7.2 SUPPLY SIDE
    6.8. TRENDS/DISRUPTIONS IMPACTING THE CUSTOMER’S BUSINESS 
    6.9. PATENT ANALYSIS 
           6.9.1 LIST OF MAJOR PATENTS PERTAINING TO THE MARKET
           6.10. KEY CONFERENCES & EVENTS, 2024–2025
           6.11. REGULATORY LANDSCAPE
                    6.11.1. REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           6.12. PORTER’S FIVE FORCES ANALYSIS
                    6.12.1. INTENSITY OF COMPETITIVE RIVALRY
                    6.12.2. THREAT OF NEW ENTRANTS
                    6.12.3. THREAT OF SUBSTITUTES
                    6.12.4. BARGAINING POWER OF SUPPLIERS
                    6.12.5. BARGAINING POWER OF BUYERS
           6.13. KEY STAKEHOLDERS & BUYING CRITERIA
                    6.13.1. KEY STAKEHOLDERS IN THE BUYING PROCESS
                    6.13.2. BUYING CRITERIA
           6.14. CASE STUDY ANALYSIS
           6.15. INVESTMENT AND FUNDING SCENARIO
 
7 COLD CHAIN MARKET, BY TYPE 
    7.1 INTRODUCTION 
    7.2. COLD CHAIN STORAGE AND INFRASTRUCTURE 
    7.3.  REFRIGERATED TRANSPORTATION  
           7.3.1. REFRIGERATED ROAD TRANSPORTATION
                    7.3.1.1. REFRIGERATED LCV (VAN)
                    7.3.1.2. REFRIGERATED TRANSPORTATION MHCV (TRUCK)
                               7.3.1.3.  REFRIGERATED HCV (TRAILERS & SEMITRAILERS)
           7.3.2. REFRIGERATED SEA TRANSPORTATION
           7.3.3. REFRIGERATED RAIL TRANSPORTATION
           7.3.4. REFRIGERATED AIR TRANSPORTATION
    7.4. OTHERS (INVENTORY MANAGEMENT, ORDER FULFILLMENT, QUALITY CONTROL AND ASSURANCE, VALUE-ADDED SERVICES, CROSS-DOCKING, TEMPERATURE MONITORING AND REPORTING AND CUSTOMIZED SOLUTIONS) 
 
8 COLD CHAIN MARKET, BY APPLICATION 
    8.1 INTRODUCTION  
    8.2 FOOD & BEVERAGES 
           8.2.1. DAIRY & FROZEN DESSERTS
           8.2.2. FISH, MEAT AND SEAFOOD PRODUCTS
                    8.2.3.  FRUITS & VEGETABLES
           8.2.4. BAKERY AND CONFECTIONERY PRODUCTS
                    8.2.5.   OTHERS
    8.3 PHARMACEUTICALS  
    8.4  OTHER APPLICATIONS 
 
9 COLD CHAIN MARKET, BY TEMPERATURE 
    9.1 INTRODUCTION  
    9.2 CHILLED  
    9.3 FROZEN 
    9.4 DEEP FROZEN 
 
10 COLD CHAIN MARKET, BY TECHNOLOGY (QUALITATIVE) 
     10.1 INTRODUCTION  
     10.2. BLAST FREEZING 
     10.3. VAPOR COMPRESSION 
     10.4. PROGRAMMABLE LOGIC CONTROLLER 
     10.5. EVAPORATIVE COOLING 
     10.6. CRYOGENIC COOLING 
     10.7 OTHER TECHNOLOGIES 
 
11 COLD CHAIN MARKET, BY MEANS OF TEMPERATURE CONTROL (QUALITATIVE) 
     11.1 INTRODUCTION  
     11.2. CONVENTIONAL REFRIGERATION 
             11.2.1 MECHANICAL REFRIGERATION
     11.3. USING PACKAGING MATERIALS  
             11.3.1 DRY ICE
               11.3.2. WET ICE
               11.3.3. GEL PACKS
               11.3.4. EUTECTIC PLATES
               11.3.5. LIQUID NITROGEN
               11.3.6. INSULATED PACKETS 
                       11.3.7.  EXPANDED POLYSTYRENE
 
12 COLD CHAIN MARKET, BY REGION 
     12.1 NORTH AMERICA 
             12.1.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS
             12.1.2 US
             12.1.3 CANADA
             12.1.4 MEXICO
     12.2 EUROPE 
             12.2.1 EUROPE: RECESSION IMPACT ANALYSIS
             12.2.2 GERMANY
             12.2.3 UK
             12.2.4 ITALY 
             12.2.5 SPAIN
             12.2.6 FRANCE 
             12.2.7 NETHERLANDS 
             12.2.8 REST OF EUROPE
     12.3 ASIA PACIFIC 
             12.3.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS
             12.3.2 CHINA
             12.3.3 JAPAN 
             12.3.4 INDIA
             12.3.5 AUSTRALIA & NEW ZEALAND
             12.3.6 REST OF ASIA PACIFIC
     12.4  SOUTH AMERICA 
             12.4.1 SOUTH AMERICA: RECESSION IMPACT ANALYSIS
             12.4.2 BRAZIL
             12.4.3 REST OF SOUTH AMERICA
     12.5  REST OF THE WORLD 
             12.5.1 ROW: RECESSION IMPACT ANALYSIS
             12.5.2 MIDDLE EAST 
                                                    12.5.2.1.UAE 
            12.5.2.2. SAUDI ARABIA
            12.5.2.3. REST OF MIDDLE EAST
             12.5.3 AFRICA
            12.5.3.1. SOUTH AFRICA
            12.5.3.2. EGYPT
            12.5.3.3. REST OF AFRICA
 
13 COMPETITIVE LANDSCAPE 
     13.1. OVERVIEW 
     13.2. REVENUE ANALYSIS (2019 - 2022) 
     13.3. MARKET SHARE ANALYSIS, 2023 
     13.4. KEY PLAYERS STRATEGIES/RIGHT TO WIN  
     13.5. COMPANY VALUATION AND FINANCIAL METRICS  
     13.6. BRAND AND PRODUCT COMPARISON 
     13.7. COMPANY EVALUATION MATRIX: KEY PLAYERS,2023  
               13.7.1. STARS
               13.7.2. EMERGING LEADERS
               13.7.3. PERVASIVE PLAYERS
               13.7.4. PARTICIPANTS
               13.7.5. COMPANY FOOTPRINT: KEY PLAYERS, 2023
                                 13.7.5.1. Company Footprint
                                 13.7.5.2. Region Footprint
                                 13.7.5.3. Type Footprint  
                                 13.7.5.4. Application Footprint  
     13.8. COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023  
               13.8.1. PROGRESSIVE COMPANIES
               13.8.2. RESPONSIVE COMPANIES
               13.8.3. DYNAMIC COMPANIES
               13.8.4. STARTING BLOCKS
               13.8.5. COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
                                 13.8.5.1. Detailed List of Key Startups/SMEs
                                 13.8.5.2. Competitive Benchmarking of Key Startups/SMEs
     13.9. COMPETITIVE SCENARIO AND TRENDS 
               13.9.1. NEW PRODUCT LAUNCHES
               13.9.2. DEALS
               13.9.3. EXPANSION
               13.9.4. OTHERS
 
14 COMPANY PROFILES 
     14.1 KEY PLAYERS 
               14.1.1  AMERICOLD LOGISTICS 
               14.1.2. LINEAGE LOGISTICS HOLDINGS, LLC 
               14.1.3. NICHIREI CORPORATION
               14.1.4.  BURRIS LOGISTICS
               14.1.5 A.P. MOELLER MAERSK 
               141.6. UNITED STATES COLD STORAGE
               14.1.7. TIPPMANN GROUP
               14.1.8. COLDMAN
               14.1.9. CONGEBEC INC.
               14.1.10. CONESTOGA COLD STORAGE
               14.1.11. NEWCOLD
               14.1.12.  SEAFRIGO
               14.1.13. TRENTON COLD STORAGE
     14.2 OTHER PLAYERS/ STARTUPS/SMES 
               14.2.1. BLUE WATER SHIPPING 
               14.2.2.  MERCHANTS TERMINAL CORPORATION
               14.2.3. STOCKHABO COLD CHAIN LOGISTCIS S.A.R.L
               14.2.4..  ANTARRTICA COLD STORAGE
               14.2.5.  APF COLD STORAGE & LOGISTICS 
               14.2.6. CHILTERN COLD STORAGE GROUP LTD
               14.2.7.  COLDRUSH LOGISTICS 
               14.2.8.    KARRAS COLD LOGISTICS
               14.2.9  CANADIAN DRY STORAGE LTD.
               14.2.10.  RUIYAN COLD CHAIN
 
15 ADJACENT & RELATED MARKETS 
 
16 APPENDIX 
     16.1 DISCUSSION GUIDE 
     16.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     16.3 AVAILABLE CUSTOMIZATIONS 
     16.4 RELATED REPORTS 
     16.5 AUTHOR DETAILS 

The study involved two major segments in estimating the current size of the cold chain market. Exhaustive secondary research was done to collect information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

This research study involved the extensive use of secondary sources—directories and databases such as Bloomberg Businessweek and Factiva—to identify and collect information useful for a technical, market-oriented, and commercial study of the cold chain market.

In the secondary research process, various sources such as annual reports, press releases & investor presentations of companies, white papers, food journals, certified publications, articles from recognized authors, directories, and databases, were referred to identify and collect information.

Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, and market classification and segmentation as per the industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.

Primary Research

Extensive primary research was conducted after obtaining information regarding the cold chain market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, South America, and the Rest of the World. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors, from business development, marketing, research, and development teams, and related key executives from distributors, and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to cold chain type, technology, application, temperature type, offering and region. Stakeholders from the demand side, such as dairy & frozen desserts, meat & seafood, fruits & vegetables, and bakery & confectionery products, pharmaceutical, chemical, art, flower & plants, electronics, and other temperature senisitive products manufacturers who avail the cold chain services were interviewed to understand the buyer’s perspective on the suppliers, services, and their current usage of cold chain and the outlook of their business which will affect the overall market.

Cold Chain  Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

COMPANY NAME

designation

Burris Logistics (US)

Territory Manager

Seafrigo Group (France)

Sales Manager

Coldman Logistics Pvt.Ltd (India) 

General Manager

NICHIREI CORPORATION (Japan)

Head of logistics department

NewCold (Netherlands)

Marketing Manager

Americold Logistics, Inc. (US)

Sales Executive

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the cold chain market. These approaches were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following details:

  • The key players in the industry and the overall markets were identified through extensive secondary research.
  • All shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain final quantitative and qualitative data.
  • The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from leaders, such as CEOs, directors, and marketing executives.

Global Cold Chain Market: Bottom-Up Approach.

Cold Chain  Market Bottom Up Approach

To know about the assumptions considered for the study, Request for Free Sample Report

Global Cold Chain Market: Top-Down Approach.

Cold Chain  Market Top Down Approach

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. Data triangulation and market breakdown procedures were employed to estimate the cold chain market and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying numerous factors and trends from the demand and supply sides. The market size was also validated using both the top-down and bottom-up approaches.

Market Definition

According to the Central Asia Regional Economic Cooperation (CAREC), “Cold chain refers to the transportation of temperature-sensitive products along a supply chain through thermal and refrigerated packaging methods and the logistical planning to protect the integrity of these shipments.”

It is an unbroken/uninterrupted series of refrigerated or chilled production, storage, and distribution activities, along with associated equipment and logistics, which maintain the desired low-temperature range.

Key Stakeholders

  • Cold chain service providers
  • Refrigerated transport service providers
  • Refrigerated warehouse and transport equipment providers
  • Refrigerated transport vehicle manufacturers
  • Logistics service providers
  • Associations and government agencies:
    • International Refrigerated Transport Association (IRTA)
    • Global Food Cold Chain Council (GFCCC)
    • Global Cold Chain Alliance
    • Refrigerated Foods Association (RFA)
    • The Refrigerated Warehouse & Transport Association of Australia Ltd (RWTA)
    • Southern African Refrigerated Distribution Association (SARDA)
    • International Association for Cold Storage Construction (IACSC)
    • International Association of Refrigerated Warehouses (IARW)
    • World Food Logistics Organization (WFLO)
    • European Cold Storage and Logistics Association (ECSLA)
    • Cool Chain Association (CCA)
    • American Association of Meat Processors (AAMP)
    • Frozen Potato Products Institute (FPPI)
  • Cold logistics players (shipping lines, transporters, and container companies)
  • Supply chain solution providers
  • Manufacturers and traders of dairy & frozen desserts, meat & seafood, fruits & vegetables, and bakery & confectionery products
  • Manufacturers of agricultural products
  • Manufacturers of pharmaceutical products
  • Manufacturers of temperature sensitive flowers & plants
  • Manufacturers of temperature sensitive chemicals, arts, electronics

Report Objectives

  • Determining and projecting the size of the cold chain market based on technology, type, offering, application, temperature type and region over a five-year period ranging from 2024 to 2029.
  • Identifying the attractive opportunities in the market by determining the largest and fastest-growing segments across the key regions
  • Analyzing the demand-side factors based on the following:
    • Impact of macro- and micro-economic factors on the market
    • Shifts in demand patterns across different subsegments and regions
  • Providing detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

The following customization options are available for the report:

Service Analysis

  • Service Matrix, which gives a detailed comparison of the service portfolio of each company.

Geographic Analysis

With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

  • Further breakdown of the Rest of European market for cold chain into Ireland, Poland, Sweden, Switzerland and other EU & non-EU countries.
  • Further breakdown of the Rest of Asia Pacific market for cold chain into South Korea, Indonesia,, the Philippines, and Vietnam.
  • Further breakdown of the Rest of South American market for cold chain into Colombia, Peru, Chile, and Venezuela.
  • Further breakdown of the Rest of the World into the Middle East (Saudi Arabia, UAE, and the Rest of Middle East) and Africa (South Africa, Nigeria, and the Rest of Africa).

Company Information

  • Detailed analyses and profiling of additional market players (up to five)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Request Customization

Instant Answers with GPT - Ask Now!

Ask real questions. Get complete answers !
Report Code
FB 2871
Published ON
Mar, 2024
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Cold Chain Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status Website Feedback