What is the global market size of Cold Chain Market?

Cold Chain Market size was valued at USD 236.03 billion in 2021 and is poised to grow from USD 279.94 billion in 2022 to USD 1071 billion by 2030, growing at a CAGR of 18.6% in the forecast period (2023-2030).

Global Cold Chain Companies

Global Cold Chain Market Competitive Landscape

Cold Chain Market Top Player’s Company Profiles

AmeriCold Logistics
Lineage Logistics Holdings
Nichirei Logistics Group Inc.
Burris Logistics
VersaCold Logistics Services
AGRO Merchants Group
Henningsen Cold Storage Co.
Cloverleaf Cold Storage Co.
Swire Cold Storage Ltd.
Interstate Cold Storage Inc.
Conestoga Cold Storage
Hanson Logistics
Tippmann Group
United States Cold Storage
Congebec Logistics Inc.
Oxford Cold Storage
Frialsa Frigoríficos
NewCold Advanced Cold Logistics
Gati Kausar
Snowman Logistics Ltd.

Cold Chain Market

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Cold Chain Market size was valued at USD 236.03 billion in 2019 and is poised to grow from USD 279.94 billion in 2023 to USD 1071 billion by 2031, growing at a CAGR of 18.6% in the forecast period (2024-2031).

The key players in the cold chain market are always improving their technologies to keep ahead of the competition and to maintain efficiency, integrity, and safety. Vendors have implemented Hazard Analysis and Critical Control Points (HACCP) and RFID technology to improve efficiency with smaller shipments. In addition, they are expanding their multi-compartment refrigerated vehicle fleets to provide additional services to consumers. Some of the major players in the global cold chain market are Americold Logistics, Lineage Logistics Holdings, Nichirei Corporation, Burris Logistics, Agro Merchants Group, and Kloosterboer. 'AmeriCold Logistics', 'Lineage Logistics Holdings', 'Nichirei Logistics Group Inc.', 'Burris Logistics', 'VersaCold Logistics Services', 'AGRO Merchants Group', 'Henningsen Cold Storage Co.', 'Cloverleaf Cold Storage Co.', 'Swire Cold Storage Ltd.', 'Interstate Cold Storage Inc.', 'Conestoga Cold Storage', 'Hanson Logistics', 'Tippmann Group', 'United States Cold Storage', 'Congebec Logistics Inc.', 'Oxford Cold Storage', 'Frialsa Frigoríficos', 'NewCold Advanced Cold Logistics', 'Gati Kausar', 'Snowman Logistics Ltd.'

Consumers are becoming more conscious of the importance of health and wellbeing, as well as the impact that food components, particularly protein, have on total physical and mental growth and development. This has led to a shift in perishable food consumption patterns, such as dairy products, fruits and vegetables, and high-protein animal-based goods (such as meat, eggs, and fish and seafood).

The growing trend of purchasing perishable food products online has created a demand for innovative solutions such as last-mile delivery, automated warehouses to manage inventory, and improved temperature monitoring systems to ensure the safety of fresh food products. Emerging economies (such as India, China, and Thailand) are investing in warehouse automation technologies (such as cloud technology, robots, conveyor belts, truck loading automation, and so on) to maintain the quality of temperature-sensitive products.

North America had the highest revenue share of more than 35% in 2021 and it is anticipated to maintain its dominance throughout the forecast period, as the region offers enormous growth prospects for enterprises willing to invest for the long term. Increased adoption of connected devices, as well as a huge customer base, are projected to drive market growth over the forecast period. However, due to increased government investments in logistics infrastructure development and the penetration of Warehouse Management Systems, Asia Pacific is expected to be the fastest-growing regional market over the forecast period (WMS). China is the most significant contributor to the APAC regional market. Factors such as technological developments in packing, processing, and storage of marine items are credited to market expansion in China. Rising demand and expanding cold chain infrastructure development have propelled China to the top of the cold chain industry. China is currently undertaking a rapid shift from construction- and manufacturing-led to a consumer-led economy. Rising pharmaceutical innovation in China is also projected to enhance demand for cold chain solutions. Another important element boosting the market is the region's rapid expansion of biopharma.

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Global Cold Chain Market Size, Share, Growth Analysis, By Temperature Type(Frozen, Chilled), By Type(Refrigerated Warehousing, Refrigerated Transport), By Application(Dairy & Frozen Desserts, Fish) - Industry Forecast 2024-2031

Global Cold Chain Market Competitive Landscape

Global Cold Chain Market Report Snapshots

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Global Cold Chain Market Size, Share, Growth Analysis, By Temperature Type(Frozen, Chilled), By Type(Refrigerated Warehousing, Refrigerated Transport), By Application(Dairy & Frozen Desserts, Fish) - Industry Forecast 2024-2031

Global Cold Chain Market Competitive Landscape

Global Cold Chain Market Report Snapshots

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