Status : Published Published On : Jan, 2024 Report Code : VRSME9028 Industry : Semiconductor & Electronics Available Format : Page : 235
2025
2030

Global Cold Chain Market – Analysis and Forecast (2025 – 2030)

Industry Insights by Type (Refrigerated Transport, and Refrigerated Storage), by Application (Bakery & Confectionery, Fish, Meat & Seafood, Fruits & Vegetables, Dairy & Frozen Desserts, and Others)

Industry Overview

Global Cold Chain Market is projected to witness substantial growth in the coming years, with a valuation of USD 218.0 billion in 2023, estimated to soar to USD 322.2 billion by 2030. This impressive growth is expected to be driven by several key factors. Firstly, there is a growing demand for temperature control systems to mitigate health risks. Additionally, the food and beverage industry is experiencing an upsurge in e-commerce, further propelling the need for efficient cold chain logistics. Moreover, there is a rising global demand for convenient and processed food products. These factors collectively contribute to the market's expansion, with a notable compound annual growth rate (CAGR) of 8.0% anticipated between 2025 and 2030.

Cold Chain Market

Cold chain refers to the temperature-controlled supply chain for uninterrupted storage and distribution of refrigerated products.

Market Segmentation

Insight by Type

Based on the type, the cold chain market is categorized into refrigerated transport and refrigerated storage. Of both the categories, refrigerated storage holds the larger share in the market. With the huge demand for processed food, the demand for refrigerated storage is also very high to cater to the demand of large population base, globally. Also, the demand for refrigerated transport is increasing at the faster CAGR during the forecast period, due to the increasing demand for processed or convenience food in the retail sector and increasing adoption of the online distribution channel.

Insight by Application

On the basis of deployment type, the cold chain market is segmented into bakery & confectionery, fish, meat & seafood, fruits & vegetables, dairy & frozen desserts, and others. Of all, the cold chain market size is the largest for fish, meat & seafood and is anticipated to witness the fastest growth for dairy & frozen desserts during the forecast period. The demand for cold chain systems for fish, meat & seafood is the largest due to the dependence of large population, globally on the animal-based food products, and due to the enhanced chances of contamination by microorganisms if not kept at the desired low temperature.

Global Cold Chain Market Report Coverage

Report Metric

Details

Historical Period

2018 - 2023

Base Year Considered

2024

Forecast Period

2025 - 2030

Market Size in 2023

U.S.D.  218.0 Billion

Revenue Forecast in 2030

U.S.D.  322.2 Billion

Growth Rate

8.0%

Segments Covered in the Report

By Type and By Application

Report Scope

Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling

Regions Covered in the Report

North America, Europe, Asia-Pacific, Middle East, and Rest of the World

Industry Dynamics

Growth Drivers

The global cold chain market is experiencing significant growth due to several key factors. The rising consumer demand for processed food and the need for effective preservation methods have contributed to this trend. Additionally, there is an increasing requirement for temperature control systems to ensure food safety and avoid health hazards. Furthermore, the expanding presence of e-commerce in the food and beverage industry has also played a crucial role in driving the growth of the cold chain market.

One of the essential elements in food processing is refrigeration, as it plays a vital role in maintaining optimal temperatures throughout the entire supply chain. This temperature control is critical for preserving food and extending its shelf life. Refrigeration remains the primary method for preventing microbial growth and contamination, thereby ensuring the quality and safety of food products.

Moreover, consumer inclination towards convenience foods with least amount of chemical preservatives uses further supports the demand for refrigeration in the supply chain for storage and transport purpose. Refrigeration is vital in ensuring the consumption of safe food with regard to microbial, nutritional and organic quality. With the changing lifestyle and urbanization, people tend to visit retailers or grocery outlet once a week, therefore, fruits & vegetables, meat, and dairy products must have a shelf-life of a minimum one week. This supports the growth of the cold chain market, globally.

Challenges

Key factors hindering the growth of the cold chain market are the high cost of infrastructure and high energy requirements. In addition, the increasing concern regarding the emission of greenhouse gases is hampering the growth of the market.

Geographic Overview

Geographically, Asia-Pacific is the largest cold chain market and is also anticipated to grow at the fastest CAGR during the forecast period. The large population base, increasing urbanization, increasing demand for processed food are the key factors for the largest share of the region. Also, increasing foreign direct investment (FDI) inflow in emerging economies such as India, Vietnam, and Indonesia, is leading to the expansion of the market leaders in the retail industry into these countries.

Competitive Insight

Market players in the cold chain industry are investing capital to develop and adopt technologically advanced systems with lower greenhouse emission and energy efficient refrigeration systems. Americold Logistics, Interstate Cold, Preferred Freezer Services, Versacold Logistics, Agro Merchants Group, Nichirei Corporation, Lineage Logistics Holdings, LLC, Burris Logistics, Swire Cold Storage and Kloosterboer Group B.V. are some of the key players offering solutions in cold chain industry.

Nichirei Logistics Group Inc. is the temperature-controlled logistics group having a logistics network focused on transportation, delivery, and transfer centers, regional storage facilities having refrigerated warehouses, and having businesses in Europe, China and ASEAN. Nichirei Logistics Group Inc. is building a cold chain infrastructure that will decrease temporal and spatial gaps that takes place between harvest, production, and consumption.
Preferred Freezer Services is a provider for the growing demand for modern and efficient cold storage warehousing services. They are investing in the new state-of-the-art cold storage warehouse and distribution facilities to understand the increased needs of new and current customers.

Primary Research

VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from the industry experts. The key profiles approached within the industry includes, CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads and Others. Also, end user surveys comprising of consumers are also conducted to understand consumer behaviour.

The Cold Chain Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

  • By Type
    • Refrigerated Transport
    • Refrigerated Storage
  • By Application
    • Bakery & Confectionery
    • Fish, Meat & Seafood
    • Fruits & Vegetables
    • Dairy & Frozen Desserts
    • Others

Region Covered in the Report

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World (RoW)
    • Brazil
    • Saudi Arabia
    • South Africa
    • U.A.E.
    • Other Countries

Cold Chain Market Size

Source: VynZ Reseach

Cold Chain Market Analysis

Source: VynZ Reseach

Frequently Asked Questions

Market players in the cold chain industry are investing capital to develop and adopt technologically advanced systems with lower greenhouse emission and energy efficient refrigeration systems.
The demand for cold chain systems for fish, meat & seafood is the largest due to the dependence of large population.
Asia-Pacific is the largest cold chain market and is also anticipated to grow at the fastest CAGR during the forecast period
The cold chain market is categorized into refrigerated transport and refrigerated storage. Of both the categories, refrigerated storage holds the larger share in the market
The cold chain market major application into bakery & confectionery, fish, meat & seafood, fruits & vegetables, dairy & frozen desserts, and others.

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle

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