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.
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.
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.
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.
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.
Attribute |
Details |
Base year for estimation |
2015 |
Actual estimates/Historical data |
2014 - 2015 |
Forecast period |
2016 - 2025 |
Market representation |
Revenue in USD Billion & CAGR from 2016 to 2025 |
Regional scope |
North America, Europe, Asia Pacific, South America, and MEA |
Country scope |
U.S., Canada, Mexico, UK, Germany, France, Japan, China, India, and Brazil |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
15% free customization scope (equivalent to 5 analyst working days) |
If you need specific market information that is not currently within the scope of the report, we will provide it to you as a part of the customization. |
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)
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