Cold Chain Market Analysis By Type (Storage, Transportation, Monitoring Components), By Application (Fruits & Vegetables; Dairy; Fish, Meat, & Seafood, Processed Food, Pharmaceuticals), And Segment Forecasts, 2018 - 2025

Industry Insights

The global cold chain market size was valued at USD 159.25 billion in 2015. The increasing number of food safety and pharma counterfeit incidents across the globe and stringent government regulations regarding their production and supply chain are likely to fuel the industry demand over the forecast period. Food safety and control measures for the prevention of foodborne diseases continue to be the major goal for food manufacturers.

The increasing consumer interest in healthy eating has urged the food manufacturers to keep a track on the current trends and adopt new technologies to tap the market. The search for convenience in food shopping and consumption has led to the growth of organized retail. The increasing penetration of organized retail sector in the emerging economies has propelled the growth for packaged food.

U.S. cold chain market, by application, 2014 - 2025 (USD Billion)

Companies are using refrigerated storage services to minimize the supply chain risks. The advent of cloud technology is expected to spur the IT spending over the projected period. Additionally, the cloud solution reduces the total cost of ownership and improves logistics performance.

The fast-growing service sector in the emerging economies is expected to increase the FDI investment that helps to overcome the prevailing investment-saving gap. The foreign direct investment would help service providers in importing advanced technologies, improving management techniques, and offering easy access to the international markets.

Type Insights

Based on the type, the industry has been segmented into storage, transportation, and monitoring components. The changing consumer preference toward plastic packaging over traditional materials, such as glass bottles, is expected to drive the packaged food application over the forecast period. The increasing concern over quality also likely to influence the segment demand. Furthermore, the implementation of various regulations by the government agencies to ensure the quality of food has urged warehouse operators to maintain five different temperature zones.

The growing demand for modern high-cube refrigerated trailers, connected trucks, and vehicles favoring cross product transportation is anticipated to drive the refrigerated transportation segment over the projected period.

Application Insights

Based on the application, the industry has been segmented into fruits & vegetables, dairy, fish, meat & seafood, processed food, and pharmaceuticals. The processed or packaged food is anticipated to portray a high growth rate in the industry over the forecast period. The shifting consumer preferences toward ready to cook food, due to the convenience, is likely to influence the processed food segment demand.

Global cold chain market, by type, 2015 (USD Billion)

Technological advancements in the packaging, processing, and storage of seafood products is expected to drive the fish, meat, and seafood application market growth. Additionally, the increase in fishery production is anticipated to fuel the market demand.

Regional Insights

North America held a significant market share of over 36.55% in 2015 and is expected to be one of the most influential regions across the globe. Government regulations regarding food safety and technological advancements in the cooling technology are the major factors driving the regional industry demand. The growing trend of the CO2 cascade system is further expected to influence the industry demand over the projected period. The rising demand for healthy and international foods and increasing private sector participation are expected to propel the segment growth in the Gulf Cooperation Council (GCC) region.

Competitive Insights

Some of the major industry players include Americold Logistics LLC (U.S.), Agro Merchants Group (U.S.), Burris Logistics (U.S.), and Cloverleaf Cold Storage (U.S.). Service providers are continuously upgrading the technology to ensure efficiency, safety, and integrity.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global cold chain market based on type, application, and region:

• Type Outlook (Revenue, USD Billion; 2014 - 2025)

  • Storage

    • Warehouse

    • Refrigerated container 

  • Transportation

    • Road

    • Rail

    • Sea

    • Air

  • Monitoring Components

• Application Outlook (Revenue, USD Billion; 2014 - 2025)

  • Fruits & vegetables

  • Dairy

  • Fish, meat, and seafood

  • Processed food

  • Pharmaceuticals

• Regional Outlook (Revenue, USD Billion; 2014 - 2025)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

  • Asia Pacific

    • China

    • India

    • Japan

  • South America

    • Brazil

  • The Middle East and Africa (MEA)