HOME Top Market Reports Cold Chain Market by Type (Refrigerated Storage, Transport), Temperature Range (Chilled, Frozen), Technology (Air Blown, Eutectic), Application (Fruits & Vegetables, Bakery & Confectionery, Dairy, Meat, Fish & Seafood), & by Region - Global Forecast to 2020

Cold Chain Market by Type (Refrigerated Storage, Transport), Temperature Range (Chilled, Frozen), Technology (Air Blown, Eutectic), Application (Fruits & Vegetables, Bakery & Confectionery, Dairy, Meat, Fish & Seafood), & by Region - Global Forecast to 2020

By: marketsandmarkets.com
Publishing Date: March 2016
Report Code: FB 2871

 

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The cold chain market is estimated to be valued at USD 167.24 Billion in 2015, and is projected to reach USD 234.49 Billion by 2020. It is projected to grow at a CAGR of 7.0% from 2015 to 2020. The cold chain market is segmented on the basis of type into refrigerated storage and refrigerated transport. The refrigerated transport market is further subsegmented by technology into air blown evaporators and eutectic devices. On the basis of application, it is segmented into frozen fruits & vegetables, frozen bakery & confectionery, frozen dairy & frozen desserts, frozen meat, fish & seafood, and others. It is also segmented on the basis of temperature type into chilled and frozen. It is further segmented on the basis of regions into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). With the growth of international trade for perishable and processed foods, changing consumption patterns for perishable foods, and government support for infrastructure development for the cold chain sector, the demand for cold chain is expected to enhance the market growth in the near future.

This report includes estimations of market sizes for the global cold chain market based on application and temperature type segments in terms of value (USD Million), refrigerated transport market and technology segment in terms of volume (Units), and refrigerated storage market in terms of volume (Million cubic meters). Both top-down and bottom-up approaches have been used to estimate and validate the size of the global cold chain market. Key players in the market have been identified through secondary research, and their market shares in their respective regions have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and were verified through primary sources. The figure below shows the breakdown of profiles of industry experts who participated in the primary discussions.

Cold Chain Market

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

This report is targeted at the existing players in the industry, which include cold chain service providers, third party logistics (3PL) service providers, and research institutions. Key participants in the supply chain of cold chain market are raw material suppliers, government bodies, distributors, and end users such as the food industry. The key players involved in the cold chain market include AmeriCold Logistics, LLC (U.S.), Preferred Freezer Services (U.S.), Burris Logistics (U.S.), Lineage Logistics Holdings, LLC (U.S.), and Nichirei Logistics Group Inc. (Japan).

Target Audience:

  • Cold chain service providers
  • Third party logistics (3PL) providers
  • Research institutions
  • Raw material suppliers
  • Cold chain solution providers
  • Government bodies
  • Distributors
  • End-users (food industry)

“The study answers several questions for stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.”

This report provides both qualitative and quantitative analyses of the cold chain market, the competitive landscape, and the preferred development strategies of key players. Key players preferred acquisitions, new product launches, and expansions & investments as strategies to gain a larger share in the market. The report also analyzes the market dynamics and market share of leading players.

Scope of the Report

On the basis of type, the market is segmented as follows:

  • Refrigerated storage
  • Refrigerated transport

On the basis of technology, the refrigerated transport market is segmented as follows:

  • Air-blown evaporators
  • Eutectic devices

On the basis of temperature type, the market is segmented as follows:

  • Chilled
  • Frozen

On the basis of application, the market is segmented as follows:

  • Fruits & vegetables
  • Bakery & confectionery
  • Dairy & frozen desserts
  • Meat, fish & seafood

On the basis of region, the market is segmented as follows:

  • North America
  • Europe
  • Asia-Pacific
  • RoW

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Application Analysis

  • Application analysis, which gives a detailed analysis of non-food application in cold chain

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Periodization Considered in the Report
    1.4 Currency
    1.5 Units
    1.6 Stakeholders
    1.7 Limitations

2 Research Methodology (Page No. - 20)
    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 Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Factor Analysis
           2.2.1 Introduction
           2.2.2 Overview of the Cold Chain Industry
           2.2.3 Demand-Side Analysis
                    2.2.3.1 Growing Organized Retail Demand
                    2.2.3.2 Growth in Purchasing Power Parity in Emerging Markets
                    2.2.3.3 Increasing Need for Refrigerated Transport
           2.2.4 Supply-Side Analysis
                    2.2.4.1 Technological Advancements in Refrigeration Equipment
                    2.2.4.2 Increasing Government Initiatives for Public–Private Partnerships
    2.3 Market Size Estimation
    2.4 Market Breakdown & Data Triangulation
    2.5 Market Share Estimation
    2.6 Research Assumptions & Limitations
           2.6.1 Assumptions of the Research Study
           2.6.2 Limitations of the Research Study

3 Executive Summary (Page No. - 36)

4 Premium Insights (Page No. - 40)
    4.1 Attractive Opportunities in the Cold Chain Market
    4.2 Air Blown Evaporators to Dominate the Refrigerated Transport Technology Segment By 2020
    4.3 U.S. to Dominate the Cold Chain Market of Frozen Food in North America, 2014
    4.4 U.S. to Dominate Global Cold Chain Market By 2020
    4.5 Cold Chain Market: Country-Level Market Leaders
    4.6 Cold Chain Market: Life Cycle Analysis, By Region

5 Market Overview (Page No. - 46)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Growth of International Trade of Perishable and Processed Foods
                    5.4.1.2 Growing Consumer Demand for Perishable Foods
                    5.4.1.3 Government Support for Infrastructure Development of Cold Chain Sector
           5.4.2 Restraints
                    5.4.2.1 Rising Energy, Infrastructure, and Maintenance Costs
           5.4.3 Opportunities
                    5.4.3.1 Government Initiatives to Reduce Post-Harvest and Processed Food Wastage
                    5.4.3.2 Heavy Investment (Fdi) in Developing Cold Chain Sector
                    5.4.3.3 Increasing Growth Opportunities in Emerging Markets
           5.4.4 Challenges
                    5.4.4.1 Strict Compliance With Food Safety Regulations
                    5.4.4.2 Lack of Infrastructure Support in Emerging Markets and Skilled Resources in Global Markets
           5.4.5 Winning Imperatives
                    5.4.5.1 Organic Growth Through Expansions & Investment in Technology
           5.4.6 Burning Issues
                    5.4.6.1 Error Irreversibility: Highly Temperature-Sensitive Cargo
    5.5 Regulatory Framework

6 Industry Trends (Page No. - 64)
    6.1 Introduction
    6.2 Supply Chain Analysis
    6.3 Value Chain Analysis
    6.4 Porter’s Five Forces Analysis

7 Cold Chain Market By Temperature Range (Page No. - 70)
    7.1 Introduction
    7.2 Chilled
    7.3 Frozen

8 Cold Chain Market By Type (Page No. - 74)
    8.1 Introduction
    8.2 Refrigerated Storage
    8.3 Refrigerated Transport
           8.3.1 Refrigerated Transport Market, By Technology
                    8.3.1.1 Air-Blown Evaporators
                    8.3.1.2 Eutectic Devices

9 Cold Chain Market By Application (Page No. - 84)
    9.1 Introduction
    9.2 Fruits & Vegetables
    9.3 Bakery & Confectionery
    9.4 Dairy & Frozen Desserts
    9.5 Fish, Meat & Seafood
    9.6 Other

10 Cold Chain Market, By Region (Page No. - 91)
     10.1 Introduction
             10.1.1 Global Food Waste & Loss
     10.2 North America
             10.2.1 U.S.
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 Germany
             10.3.2 France
             10.3.3 Italy
             10.3.4 U.K.
             10.3.5 Spain
             10.3.6 The Netherlands
             10.3.7 Rest of Europe
     10.4 Asia-Pacific
             10.4.1 China
             10.4.2 Japan
             10.4.3 India
             10.4.4 Australia & New Zealand
             10.4.5 Rest of Asia-Pacific
     10.5 Rest of the World (RoW)
             10.5.1 Brazil
             10.5.2 South Africa
             10.5.3 Argentina
             10.5.4 Others

11 Competitive Landscape (Page No. - 136)
     11.1 Overview
     11.2 Competitive Situations & Trends
             11.2.1 Expansions & Investments
             11.2.2 Mergers & Acquisitions
             11.2.3 Partnerships, Agreements & Joint Ventures
             11.2.4 New Service Launches

12 Company Profiles (Page No. - 142)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     12.1 Introduction
     12.2 Americold Logistics, LLC
     12.3 Preferred Freezer Services
     12.4 Burris Logistics
     12.5 Lineage Logistics Holdings, LLC
     12.6 Nichirei Logistics Group Inc.
     12.7 Swire Cold Storage Ltd.
     12.8 Agro Merchants Group
     12.9 Cloverleaf Cold Storage
     12.10 Kloosterboer Group B.V.
     12.11 Henningsen Cold Storage Company

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 169)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports


List of Tables (86 Tables)

Table 1 Leading Cold Chain Companies Investing in Advanced Technology
Table 2 Leading Suppliers of Technology for Cold Chain Companies
Table 3 History of Cold Chain
Table 4 Organizations Working Around the World to Improve the Food System
Table 5 Characteristics and Safety Considerations for Predict* Cold Chain Coolants
Table 6 Global Cold Chain Market Size, By Temperature Range, 2013-2020 (USD Million)
Table 7 Chilled: Cold Chain Market Size, By Region, 2013-2020 (USD Million)
Table 8 Frozen: Cold Chain Market Size, By Region, 2013-2020 (USD Million)
Table 9 Refrigerated Storage Cold Chain Market Size, By Region, 2014–2020 (Million Cubic Meters)
Table 10 Refrigerated Transport: Cold Chain Market Size, By Region, 2013–2020 (Units)
Table 11 Refrigerated Transport: Cold Chain Market Size, By Technology, 2013–2020 (Units)
Table 12 Air Blown Evaporators: Refrigerated Transport Market, By Region, 2013–2020 (Units)
Table 13 Eutectic Devices: Refrigerated Transport Market, By Region, 2013–2020 ( Units)
Table 14 Cold Chain Market Size, By Application, 2013–2020 (USD Million)
Table 15 Fruits & Vegetables: Cold Chain Market Size, By Region, 2013–2020 (USD Million)
Table 16 Effect of Time and Temperature on Quality Loss in Storage
Table 17 Bakery & Confectionery: Cold Chain Market Size, By Region, 2013–2020 (USD Million)
Table 18 Dairy & Frozen Desserts: Cold Chain Market Size, By Region, 2013–2020 (USD Million)
Table 19 Fish, Meat & Seafood: Cold Chain Market Size, By Region, 2013–2020 (USD Million)
Table 20 Others: Cold Chain Market Size, By Region, 2013–2020 (USD Million)
Table 21 Cold Chain Market Size, By Region, 2013–2020 (USD Million)
Table 22 North America: Cold Chain Market Size for Frozen Food, By Country, 2013–2020 (USD Million)
Table 23 North America: Refrigerated Storage Market Size, By Country, 2014–2020 (Million Cubic Meters)
Table 24 North America: Refrigerated Transport Market Size, By Country, 2013–2020 (Units)
Table 25 North America: Cold Chain Market, By Technology, 2015-2020 (Units)
Table 26 North America: Cold Chain Market Size, By Application, 2013–2020 (USD Million)
Table 27 North America: Fruits & Vegetables Cold Chain Market Size, By Country, 2013–2020 (USD Million)
Table 28 North America: Bakery & Confectionery Cold Chain Market Size, By Country, 2013–2020 (USD Million)
Table 29 North America: Dairy & Frozen Dessert Cold Chain Market Size, By Country, 2013–2020 (USD Million)
Table 30 North America: Fish, Meat & Seafood Cold Chain Market Size, By Country, 2013–2020 (USD Million)
Table 31 North America: Others Cold Chain Market Size, By Country, 2013–2020 (USD Million)
Table 32 U.S.: Cold Chain Market Size, By Application, 2013–2020 (USD Million)
Table 33 Canada: Cold Chain Market Size, By Application, 2013–2020 (USD Million)
Table 34 Mexico: Cold Chain Market Size, By Application, 2013–2020 (USD Million)
Table 35 Food Waste in Europe 2013-2014
Table 36 Europe: Cold Chain Market Size, By Country, 2013–2020 (USD Million)
Table 37 Europe: Refrigerated Storage Market Size for Frozen Food, By Country, 2014–2020 (Million Cubic Meters)
Table 38 Europe: Refrigerated Transport Market Size, By Country, 2013–2020 (Units)
Table 39 Europe: Cold Chain Market, By Technology, 2015-2020 (Units)
Table 40 Europe: Cold Chain Market Size, By Application, 2013–2020 (USD Million)
Table 41 Europe: Fruits & Vegetables Cold Chain Market Size, By Country, 2013–2020 (USD Million)
Table 42 Europe: Bakery & Confectionery Cold Chain Market Size, By Country, 2013–2020 (USD Million)
Table 43 Europe: Dairy & Frozen Dessert Cold Chain Market Size, By Country, 2013–2020 (USD Million)
Table 44 Europe: Fish, Meat & Seafood Cold Chain Market Size, By Country, 2013–2020 (USD Million)
Table 45 Europe: Others Cold Chain Market Size, By Country, 2013–2020 (USD Million)
Table 46 Germany: Cold Chain Market Size, By Application, 2013–2020 (USD Million)
Table 47 France: Cold Chain Market Size, By Application, 2013–2020 (USD Million)
Table 48 Italy: Cold Chain Market Size, By Application, 2013–2020 (USD Million)
Table 49 U.K.: Cold Chain Market Size, By Application, 2013–2020 (USD Million)
Table 50 Spain: Cold Chain Market Size, By Application, 2013–2020 (USD Million)
Table 51 The Netherlands: Cold Chain Market Size, By Application, 2013–2020 (USD Million)
Table 52 Rest of Europe: Cold Chain Market Size, By Application, 2013–2020 (USD Million)
Table 53 Asia-Pacific: Cold Chain Market Size for Frozen Food, By Country, 2013–2020 (USD Million)
Table 54 Asia-Pacific: Refrigerated Storage Market Size, By Country, 2014–2020 (Million Cubic Meters)
Table 55 Asia-Pacific: Refrigerated Transport Market Size, By Country, 2013–2020 (Units)
Table 56 Asia-Pacific: Cold Chain Market Size, By Technology, 2015-2020 (Units)
Table 57 Asia-Pacific: Cold Chain Market Size, By Application, 2013–2020 (USD Million)
Table 58 Asia-Pacific: Fruits & Vegetables Cold Chain Market Size, By Country, 2013–2020 (USD Million)
Table 59 Asia-Pacific: Bakery & Confectionery Cold Chain Market Size, By Country, 2013–2020 (USD Million)
Table 60 Asia-Pacific: Dairy & Frozen Dessert Cold Chain Market Size, By Country, 2013–2020 (USD Million)
Table 61 Asia-Pacific: Fish, Meat & Seafood Cold Chain Market Size, By Country, 2013–2020 (USD Million)
Table 62 Asia-Pacific: Others Cold Chain Market Size, By Country, 2013–2020 (USD Million)
Table 63 China’s Food Safety Plan: Implications on Food and Logistics Industry Players
Table 64 China: Cold Chain Market Size, By Application, 2013–2020 (USD Million)
Table 65 Japan: Cold Chain Market Size, By Application, 2013–2020 (USD Million)
Table 66 India: Cold Chain Market Size, By Application, 2013–2020 (USD Million)
Table 67 Australia & New Zealand: Cold Chain Market Size, By Application, 2013–2020 (USD Million)
Table 68 Rest of Asia-Pacific: Cold Chain Market Size, By Application, 2013–2020 (USD Million)
Table 69 RoW: Cold Chain Market Size for Frozen Food, By Country, 2013–2020 (USD Million)
Table 70 RoW: Refrigerated Storage Market Size, By Country, 2014–2020 (Million Cubic Meters)
Table 71 RoW: Refrigerated Transport Market Size, By Country, 2013–2020 (Units)
Table 72 RoW: Cold Chain Market Size, By Technology, 2013-2020 (Units)
Table 73 RoW: Cold Chain Market Size, By Application, 2013–2020 (USD Million)
Table 74 RoW: Fruits & Vegetables Cold Chain Market Size, By Country, 2013–2020 (USD Million)
Table 75 RoW: Bakery & Confectionery Cold Chain Market Size, By Country, 2013–2020 (USD Million)
Table 76 RoW: Dairy & Frozen Dessert Cold Chain Market Size, By Country, 2013–2020 (USD Million)
Table 77 RoW: Fish, Meat & Seafood Cold Chain Market Size, By Country, 2013–2020 (USD Million)
Table 78 RoW: Others Cold Chain Market Size, By Country, 2013–2020 (USD Million)
Table 79 Brazil: Cold Chain Market Size, By Application, 2013–2020 (USD Million)
Table 80 South Africa: Cold Chain Market Size, By Application, 2013–2020 (USD Million)
Table 81 Argentina: Cold Chain Market Size, By Application, 2013–2020 (USD Million)
Table 82 Others: Cold Chain Market Size, By Application, 2013–2020 (USD Million)
Table 83 Expansions & Investments, 2010–2016
Table 84 Mergers & Acquisitions, 2010–2016
Table 85 Partnerships, Agreements & Joint Ventures, 2010–2016
Table 86 New Service Launch, 2010 - 2015


List of Figures (66 Figures)

Figure 1 Cold Chain Market Segmentation
Figure 2 Cold Chain Logistics
Figure 3 Cold Chain Market: Research Design
Figure 4 Impact of Key Factors Influencing the Cold Chain Industry
Figure 5 Growing Organized Retail is Fueling the Demand for the Cold Chain Market, 2013-2018
Figure 6 U.S., China, India, Japan, and Germany Were the Top Five Economies in Terms of GDP (PPP) in 2014
Figure 7 Asia-Pacific Middle-Class Population is Growing & Estimated to Hold the Largest Market Share By 2030
Figure 8 Market Size Estimation Methodology: Bottom-Up Approach
Figure 9 Market Size Estimation Methodology: Top-Down Approach
Figure 10 Data Triangulation Methodology
Figure 11 Assumptions of the Research Study
Figure 12 Europe: Largest Market for Cold Chain of Perishable Food Products in 2014
Figure 13 Refrigerated Storage Capacity is Projected to Be the Largest in Asia-Pacific By 2020
Figure 14 Asia-Pacific is the Fastest-Growing Segment in the Refrigerated Transport Market (2015–2020)
Figure 15 Demand for Fruits & Vegetables to Increase Largely in the Cold Chain Market, 2014
Figure 16 Emerging Economies Offer Attractive Opportunities in the Cold Chain Market, 2015-2020
Figure 17 Eutectic Type in the Refrigerated Transport Market to Grow at the Highest CAGR From 2015 to 2020
Figure 18 Dairy & Frozen Desserts Dominated the North American Market, Followed By Fish, Meat & Seafood in 2014
Figure 19 India is Projected to Be Fastest-Growing Country-Level Market for Cold Chain From 2015 to 2020
Figure 20 Emerging Asian Economies to Grow Faster Than Developed Markets, 2015-2020
Figure 21 Cold Chain Market in Asia-Pacific to Enter the Exponential Growth Phase By 2020
Figure 22 Market Segmentation
Figure 23 Growth in International Trade of Perishable Foods, Technological Advancements, and Increase in Consumer Demand for Perishable Foods is Driving the Cold Chain Market (2010-2015)
Figure 24 Import of Perishable Foods for Developed Economies Grew at 6% Annually (2009-2013)
Figure 25 Import of Perishable Foods for Developing Economies Grew at 18% Annually (2009-2013)
Figure 26 Supply Chain of Perishable Foods Through Cold Chain
Figure 27 Value Chain for Perishable Foods Through Cold Chain
Figure 28 Porter’s Five Forces Analysis
Figure 29 Frozen Segment is Projected to Dominate the Global Cold Chain Market in 2020
Figure 30 Europe is Projected to Dominate the Frozen Segment of the Global Cold Chain Market in 2020
Figure 31 Refrigerated Storage Market, By Region, 2015 vs 2020 (Million Cubic Meters)
Figure 32 Asia-Pacific is Projected to Dominate the Refrigerated Transport Market in 2020
Figure 33 Air Blown Evaporators Segment is Projected to Dominate the Refrigerated Transport Market By Technology in 2020
Figure 34 Asia-Pacific is Projected to Dominate the Air Blown Evaporators Segment in 2020
Figure 35 Asia-Pacific is the Fastest-Growing Market for the Eutectic Devices Market From 2015 to 2020
Figure 36 Fruit & Vegetables is Projected to Be the Fastest Growing Application Segment in the Cold Chain Market From 2015 to 2020
Figure 37 Top Five Applications of Frozen Fruits, 2012
Figure 38 Top Five Applications of Frozen Vegetables, 2012
Figure 39 Geographic Snapshot (2014): the Cold Chain Markets for Frozen Food in Asia-Pacific are Emerging as New Hotspots
Figure 40 Europe is Estimated to Dominate the Global Cold Chain Market in 2015
Figure 41 Per Capita Food Losses and Waste, By Region in 2011
Figure 42 North America: Cold Chain Market, 2013-2020
Figure 43 Food Waste in the U.S., 2012
Figure 44 Europe: Food Wastage, By Country, 2013-14
Figure 45 Europe: Cold Chain Market 2013-2020
Figure 46 Food Wastage in Germany, 2013-2014
Figure 47 Food Wastage in France, 2013-2014
Figure 48 Food Wastage in Italy, 2013-2014
Figure 49 Food Wastage in the U.K.,2013-2014
Figure 50 Food Waste in Spain, 2013-2014
Figure 51 Food Waste in the Netherlands, 2013-2014
Figure 52 Asia-Pacific: Cold Chain Market, 2013-2020
Figure 53 China: Demand for Cold Chain Logistics Services, 2010-2013
Figure 54 Annual Cumulative Wastage Percentage in Various Commodities, 2014
Figure 55 Key Companies Preferred Expansions & Investments and Mergers & Acquisitions From 2010 to 2016
Figure 56 Key Players Extensively Adopted Expansions & Investments and Mergers & Acquisitions Startegies to Fuel Growth of Soil Treatment Market From 2010 to 2016
Figure 57 Expansions & Investments: the Key Strategy, 2010–2016
Figure 58 Annual Developments in the Cold Chain Market, 2010–2016
Figure 59 Geographic Revenue Mix of Top Five Market Players, 2013-2015
Figure 60 SWOT Analysis: Americold Logistics, LLC
Figure 61 SWOT Analysis: Preferred Freezer Services
Figure 62 SWOT Analysis: Burris Logistics
Figure 63 SWOT Analysis: Lineage Logistics Holdings, LLC
Figure 64 SWOT Analysis: Nichirei Logistics Group Inc.
Figure 65 Marketsandmarkets Knowledge Store Snapshot
Figure 66 Marketsandmarkets Knowledge Store: Food & Beverage Industry Snapshot

The global cold chain market is projected to grow at a CAGR of 7.0% from 2015, to reach a value of USD 234.49 Billion by 2020. Cold chain includes refrigerated technology with temperature and humidity control throughout for perishable commodities such as milk, bakery & confectionery, dairy products, beverages, fresh fruits & vegetables, ice cream, frozen dairy products, and processed meat, fish & seafood. Refrigerated transportation is one of the essential links in the cold chain system for the distribution of these perishable commodities. The growth of refrigerated transport is attributed to the increasing demand for temperature-controlled food transport across the globe, globalization, and technological advancements in refrigerated transport systems and equipment.

The market is driven by factors such as the increased demand for chilled and frozen food and beverages due to changing consumer preferences. Furthermore, factors such as increasing disposable income and rapid urbanization have also increased the demand for frozen food and hence for cold chain services. The high growth potential in emerging markets and untapped regions provides new growth opportunities for market players.

The global cold chain market is based on the temperature ranges used for the storage and transportation of the various frozen foods. The market is segmented by temperature range into chilled and frozen. The frozen segment dominated the market, while the chilled segment is projected to grow at a higher CAGR of 8.0% during the forecast period.

On the basis of application, frozen meat, fish & seafood accounted for the largest market share, followed by dairy & frozen desserts, frozen fruits & vegetables, confectionery & bakery products, and other frozen food products. The demand for frozen food is expected to rise due to the changing dietary patterns of and changing lifestyles of the consumers.

Based on types, the cold chain market is segmented into refrigerated storage and refrigerated transport. Refrigerated storage is estimated in terms of capacity, whereas refrigerated transport is estimated in terms of the number of vehicles in a particular region. The refrigerated storage segment was dominated by the Asia-Pacific region, whereas refrigerated transport was dominated by the Europe region in 2014.

The cooling technology plays an important role in maintaining required temperature throughout the frozen food supply chain. On the basis of technology, the cold chain market is segmented into refrigerated transportations as air-blown evaporators and eutectic devices. In 2014, air-blown evaporators accounted for the largest market share and dominated the cold chain market by technology.

Europe is the largest consumer of frozen food, thus accounting for the largest share in the cold chain market by application, followed by North America and Asia-Pacific. The Asia-Pacific region is projected to be the fastest-growing market with investments from key players in the market, especially in China and India, due to their large production of fruits & vegetables, large milk and meat production, and low-cost labor.

Cold Chain Market

The high energy costs incurred are a growing concern for cold chain providers. In North America and Europe, energy costs are the highest, followed by high labor costs. For instance, in refrigerated storage facilities, traditional florescent light fixtures are used, which are switched on throughout the year as it is mandatory for a refrigerated storage facility. This leads to loss of energy and high costs. Key players identified in the cold chain market include Americold Logistics, LLC (U.S.), Preferred Freezer Services (U.S.), Burris Logistics (U.S.), Lineage Logistics Holdings, LLC (U.S.), and Nichirei Logistics Group Inc. (Japan). Other players, which include Swire Cold Storage Ltd (Australia), Kloosterboer Group (The Netherlands), Henningsen Cold Storage Company (U.S.), AGRO Merchants Group, LLC (U.S.), and Cloverleaf Cold Storage (U.S.), also have a strong presence in the global cold chain market.

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