Cold Chain Market by Type (Refrigerated Storage & Transport), Temperature Type (Chilled and Frozen), Application (Dairy & Frozen Desserts; Meat, Fish, and Seafood; Fruits & Vegetables; Bakery & Confectionery), and Region - Global Forecast to 2023
[175 Pages Report] The cold chain market is estimated to account for a value of USD 203 billion in 2018 and is projected to grow at a CAGR of 7.6% from 2018, to reach a value of USD 293 billion by 2023. The rise in consumer demand for perishable food items, growth of international trade due to trade liberalization, and expansion of the organized food retail industry are some of the factors driving the growth of the market. Government support for infrastructural development in several developing regions also fuels the growth of this industry.
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MnM helped top global refrigeration equipment providers in building their product specifications by entering the service and installation market across cold chain, refrigeration, and H-VAC in North America.
Clients Problem Statement
Our client, one of the top refrigeration system and service providers, globally, was keen to extend its business in services and manufacturing equipment in North America. The senior management needed to take a host of crucial decisions, depending on the servicing and installation costs of various refrigeration systems of local service providers, depending on the type of retail store in North America.
MnM Approach
This will have information on market interconnectedness MarketsandMarkets assisted the client by providing information on the overall number of units in the market in various retail outlets, total number of various types of units installed in various stores, servicing market, and projection of the installation of new refrigeration systems depending on the increasing number of stores.
MarketsandMarkets also helped the client better understand the various types of stores coming up in the market and the impact of alternatives on the refrigeration market. During the study, MarketsandMarkets also interviewed key opinion leaders in the supply chain, which included customers visiting the store, store managers and workers, service providers, and consultants to understand their unmet needs. This helped the client in understanding the current scenario of the services market in the space and refined the strategy for providing cost-effective services along with the most-widely used refrigeration systems.
Revenue Impact (RI)
Our work resulted in the client tapping into market more than worth a USD 10 Bn market, with a projected revenue of USD 500 Mn in the coming years. The client was successfully able to establish and grow its service and manufacturing business in the US, Canada, and Mexico.
Selected Market Dynamics
Growth of international trade due to trade liberalization
Globalization has increased due to trade liberalization, advancements in transport infrastructure & communication technologies, and growth of multinational companies in the food retail sector. It has boosted international trade in perishable foods such as dairy & frozen desserts, fruits & vegetables, meat, fish and seafood, and bakery & confectionery products. Every region or country exports food and agricultural products that it produces and imports food products that it is deficient in. This has resulted in almost any fruit, vegetable, or processed food being available at local supermarkets all the year round.
Several forces drive and enhance the trend of perishable commodities trade at the global level. The lowering of tariffs and non-tariff barriers to international trade has encouraged rapid growth of cross-border movement of perishable commodities. Growth of international trade in perishable foods is affected by the following factors:
High energy & infrastructure costs
Ensuring food quality and safety by preventing premature expiry, decay, and spoilage are major priorities for manufacturers, retailers, and consumers. To achieve this, it has become necessary for service providers to invest in modern cold storage facilities, advanced vehicles, and system technologies.
High energy costs are a growing concern for cold chain providers. Energy costs are the highest in North America and Europe, followed by labor costs. In refrigerated storage facilities, traditional florescent light fixtures (which are switched on throughout the year) are used because it is mandatory to do so for a refrigerated storage facility. This leads to loss of energy and high costs.
Due to an increase in the number of refrigerated vehicles in North America and Europe, the main cause of concern for cold chain providers is the rising fuel costs and efficient management of fuel consumption, which depends on the type of productfrozen or chilledand the delivery route.
In emerging economies, the annual operating costs for cold chain businesses are much higher, per cubic foot. Energy expenses alone account for about 30% of the total expenses of the cold chain industry. The entry barriers in the industry are, therefore, high. In these countries, power deficit is another concern, as this is such an energy-intensive sector. Small players cannot invest in energy back-up systems because capital investment costs escalate.The refrigerated storage segment is projected to be the fastest-growing segment in the global market during the forecast period.
The global market has been segmented, by type, into refrigerated storage and refrigerated transport. Refrigerated storage capacities are growing in Asia Pacific countries due to the increased need to reduce wastage of perishable foods. In the last few years, the market for refrigerated storage has drastically grown, with a shift from food products stored in cold storage warehouses to the provision of value-added services to customers.
By temperature type, the frozen segment is projected to dominate the market during the forecast period.
A cold chain for chilled and frozen foods provides uninterrupted handling of the products within a low-temperature environment during each stage of the value chainincluding harvest, collection, packing, processing, storage, transport, and marketinguntil it reaches the final consumer. By temperature type, the frozen segment is estimated to have a comparatively larger market share in 2018. The chilled segment is expected to grow due to a large-scale chilling of food products for their preservation and to extend their shelf lives from few days to few weeks.
By application, the dairy & frozen desserts segment is projected to dominate the market during the forecast period.
The cold chain market has been segmented, on the basis of application, into fruits & vegetables; bakery & confectionery products; dairy & frozen desserts; fish, meat, and seafood products; and others. Dairy & frozen desserts are witnessing high demand due to economic growth, rapid urbanization, and the use of sophisticated marketing channels, which have led to significant changes in dietary patterns. Frozen fruits & vegetables are often available in easy-to-open re-sealable packaging, which allows longer storage and portion control without wastage.
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The increasing demand for cold chain services in the European and Asia Pacific regions is driving the growth of the market.
The European region is estimated to account for the largest share, in terms of value, in the global market, in 2018. There is a steady increase in demand, particularly for cold chain due to a continuous increase in domestic consumption of high-quality perishable commodities. Asia Pacific shows significant growth potential for the cold chain industry due to the increase in awareness about the prevention of food wastage before consumption, growth of the organized retail sector, rise in consumer demand for perishable foods, and government support & initiatives in this sector. The region is projected to surpass the size of the European market by 2023.
Key Market Players
The leading players that dominated the cold chain market include Americold Logistics (US), Preferred Freezer Services (US), Burris Logistics (US), Lineage Logistics (US), and Nichirei Logistics (Japan).
The key players have been exploring the market in new regions by adopting mergers & acquisitions, expansions, investments, new service launches, agreements, collaborations, and joint ventures as their preferred strategies. These players have been exploring new geographies through expansions and acquisitions across the globe to avail a competitive advantage through combined synergies.
Recent Developments:
- In January 2018, VersaCold (Canada) opened its new distribution center in Milton, Ontario. The new center would handle about 30 loads per day inbound and 60 loads per day outbound.
- In December 2017, AGRO Merchants (US) acquired Grocontinental Limited (UK), a provider of cold storage and logistics services. The transaction strengthened AGROs position as the leading cold storage and logistics provider in the UK and Ireland.
- In December 2017, Americold Logistics (US) opened a new addition to its Clearfield, Utah campus. The new building added around 9.5 million cubic feet of temperature-controlled warehouse space. The expansion helped increase the companys market leadership in northern Utah to greater than 50% of the total temperature-controlled warehouse capacity.
- In July 2017, AGRO Merchants (US) acquired Poland Services Transport Logistyka ("PTSL") (Poland). The acquisition expanded AGROs geographical reach and enhanced its service offerings throughout Europe; this acquisition would also allow a significant entry to AGRO into a new market.
- In June 2017, Lineage Logistics (US) acquired Partner Logistics (US), a leading European cold storage provider, for the growth and expansion of its existing service offerings.
Key questions addressed by the report:
- What are the new technology and application areas for the global market that companies are exploring?
- Who are some of the key players operating in this market, and how intense is the competition?
- What kind of competitors and stakeholders would be interested in this market? What will be their go-to-market strategy, and which emerging market will be of significant interest?
- How are the current R&D activities and M&As in this market projected to create a disrupting environment in the coming years?
- What will be the level of impact of new service launches on the revenues of stakeholders due to the benefitssuch as increasing revenue, environmental regulatory compliance, and sustainable profits for the suppliersoffered by the global market?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Periodization Considered
1.5 Currency Considered
1.6 Units Considered
1.7 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Key Industry Insights
2.1.2.2 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
2.5 Limitations of the Research Study
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in this Market
4.2 North America: Cold Chain Market, By Application and Country
4.3 Market for Cold Chain: Major Countries
4.4 Market for Cold Chain: Application, By Region
4.5 Market for Cold Chain: By Temperature Type
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increase in Preservation of Convenience Food Products Due to Modernization
5.2.1.2 Growing Consumer Demand for Perishable Foods
5.2.1.3 Growth of International Trade Due to Trade Liberalization
5.2.1.4 Increasing Need for Temperature Control to Prevent Potential Health Hazards
5.2.2 Restraints
5.2.2.1 High Energy & Infrastructure Costs
5.2.2.2 Environmental Concerns Regarding Greenhouse Gas Emissions
5.2.3 Opportunities
5.2.3.1 Growing Demand for Organized Retail
5.2.3.2 Government Support for Infrastructure Development to Reduce Post-Harvest & Processed Food Wastage
5.2.3.3 Increasing Foreign Direct Investments in Emerging Markets
5.2.4 Challenges
5.2.4.1 Lack of Infrastructural Support in Emerging Markets and of Skilled Resources in Developed Markets
5.3 Supply Chain
5.4 Value Chain
5.5 Regulatory Framework
5.5.1 Chilled and Frozen Foods.
5.5.2 Temperature-Controlled Packaging
5.5.3 Food Safety
5.5.4 Storage Temperature for Food Safety
6 Means of Temperature Control
6.1 Conventional Refrigeration
6.1.1 Mechanical Refrigeration
6.2 Using Packaging Materials
6.2.1 Dry Ice
6.2.2 Wet Ice
6.2.3 Gel Packs
6.2.4 Eutectic Plates
6.2.5 Liquid Nitrogen
6.2.6 Insulated Blankets
6.2.7 Expanded Polystyrene
7 Cold Chain Market, By Technology
7.1 Introduction
7.2 Blast Freezing
7.3 Vapor Compression
7.4 Programmable Logic Controller (PLC)
7.5 Evaporating Cooling
7.6 Cryogenic Systems
7.7 Others
8 Market for Cold Chain, By Type
8.1 Introduction
8.2 Refrigerated Storage
8.3 Refrigerated Transport
9 Cold Chain Market, By Temperature Type
9.1 Introduction
9.2 Chilled
9.3 Frozen
10 Market for Cold Chain, By Application
10.1 Introduction
10.2 Dairy & Frozen Desserts
10.3 Fish, Meat, and Seafood Products
10.4 Fruits & Vegetables
10.5 Bakery & Confectionery Products
10.6 Others
11 Market for Cold Chain, By Region
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 France
11.3.3 Italy
11.3.4 UK
11.3.5 Spain
11.3.6 Netherlands
11.3.7 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 Japan
11.4.3 India
11.4.4 Australia & New Zealand
11.4.5 Rest of Asia Pacific
11.5 Rest of the World (RoW)
11.5.1 Brazil
11.5.2 South Africa
11.5.3 Argentina
11.5.4 Others in RoW
12 Competitive Landscape
12.1 Overview
12.2 Competitive Situation & Trends
12.3 Market Ranking
12.4 Major Strategies Adopted By Key Players
12.5 Expansions & Investments
12.6 Mergers & Acquisitions
12.7 Agreements, Collaborations, Partnerships, Rebranding, and Joint Ventures
12.8 New Service Launches
13 Company Profiles
(Business Overview, Services Offered, Recent Developments, SWOT Analysis, MnM View)*
13.1 Americold Logistics
13.2 Preferred Freezer Services
13.3 Lineage Logistics Holdings, LLC
13.4 Nichirei Corporation
13.5 Burris Logistics
13.6 Swire Cold Storage
13.7 Agro Merchants Group
13.8 Kloosterboer Group B.V.
13.9 Interstate Cold
13.10 Versacold Logistics
*Details on Business Overview, Services Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
14 Appendix
14.1 Discussion Guide
14.2 Other Developments
14.2.1 Expansions & Investments, 20142018
14.2.2 Mergers & Acquisitions, 20152017
14.2.3 Agreements, Collaborations, Partnerships, Rebranding, and Joint Ventures, 20132016
14.3 Knowledge Store: Marketsandmarkets Subscription Portal
14.4 Introducing RT: Real-Time Market Intelligence
14.5 Available Customizations
14.6 Related Reports
14.7 Author Details
List of Tables (156 Tables)
Table 1 USD Exchange Rates Considered for the Study, 20152017
Table 2 US: Average Expenditure and Income of Consumers, 20132016
Table 3 Loss of Food Products Due to Lack of Cold Chain Infrastructure in Developing Countries
Table 4 Organizations Working Around the World to Improve the Food System
Table 5 Approximate Storage Periods for Different Types of Frozen Foods
Table 6 Common Food Packaging Materials Specific to Frozen Foods
Table 7 Dry Ice Requirement During Transit With Respect to Quantity of Food
Table 8 Types of Containers Used for Gel Packs
Table 9 Refrigerated Storage Room Classification and Temperature Ranges
Table 10 Market Size for Cold Chain, By Type, 20162023 (USD Billion)
Table 11 Refrigerated Storage Market Size, By Region, 20162023 (Million Cubic Meters)
Table 12 Refrigerated Transport Market Size, By Region, 20162023 (Units)
Table 13 Market Size for Cold Chain, By Temperature Type, 20162023 (USD Billion)
Table 14 Chilled: Market Size for Cold Chain, By Region, 20162023 (USD Billion)
Table 15 Frozen: Market Size for Cold Chain, By Region, 20162023 (USD Billion)
Table 16 Market Size for Cold Chain, By Application, 20162023 (USD Billion)
Table 17 Dairy & Frozen Desserts: Market Size for Cold Chain, By Region, 20162023 (USD Billion)
Table 18 Fish, Meat, and Seafood Products: Market Size for Cold Chain, By Region, 20162023 (USD Billion)
Table 19 Fruits & Vegetables: Market Size for Cold Chain, By Region, 20162023 (USD Billion)
Table 20 Effect of Time and Temperature on Quality Loss in Storage
Table 21 Bakery & Confectionery Products: Market Size for Cold Chain, By Region, 20162023 (USD Billion)
Table 22 Other Applications: Market Size for Cold Chain, By Region, 20162023 (USD Billion)
Table 23 Market Size for Cold Chain, By Technology, 20162023 (USD Billion)
Table 24 Blast Freezing: Market Size for Cold Chain, By Region, 20162023 (USD Billion)
Table 25 Vapor Compression: Market Size for Cold Chain, By Region, 20162023 (USD Billion)
Table 26 Programmable Logic Controller (PLC): Market Size for Cold Chain, By Region, 20162023 (USD Billion)
Table 27 Evaporating Cooling: Market Size for Cold Chain, By Region, 20162023 (USD Billion)
Table 28 Cryogenic Systems:Market Size for Cold Chain, By Region, 20162023 (USD Billion)
Table 29 Others: Market Size for Cold Chain, By Region, 20162023 (USD Billion)
Table 30 Market Size for Cold Chain, By Means of Temperature Control, 20162023 (USD Billion)
Table 31 Conventional Refrigeration: Market Size for Cold Chain, By Region, 20162023 (USD Billion)
Table 32 Using Packaging Materials: Market Size for Cold Chain, By Region, 20162023 (USD Billion)
Table 33 Market Size for Cold Chain, By Region, 20162023 (USD Billion)
Table 34 Refrigerated Storage Market Size, By Region, 20162023 (Million Cubic Meters)
Table 35 Refrigerated Transport Market Size, By Region, 20162023 (Units)
Table 36 North America: Frozen Cold Chain Market Size, By Country, 20162023 (USD Billion)
Table 37 North America: Chilled Cold Chain Market Size, By Country, 20162023 (USD Billion)
Table 38 North America: Market Size for Cold Chain, By Type, 20162023 (USD Billion)
Table 39 North America: Market Size, By Application, 20162023 (USD Billion)
Table 40 North America: Market Size, By Temperature Type, 20162023 (USD Billion)
Table 41 North America: Market Size, By Technology, 20162023 (USD Billion)
Table 42 North America: Market Size for Cold Chain, By Means of Temperature Control, 20162023 (USD Billion)
Table 43 North America: Refrigerated Storage Market Size, By Country, 20162023 (Million Cubic Meters)
Table 44 North America: Refrigerated Transport Market Size, By Country, 20162023 (Units)
Table 45 North America: Frozen Cold Chain Market Size, By Application, 20162023 (USD Billion)
Table 46 North America: Cold Chain Market Size for Frozen Fruits & Vegetables, By Country, 20162023 (USD Billion)
Table 47 North America: Market Size for Frozen Bakery & Confectionery Products, By Country, 20162023 (USD Billion)
Table 48 North America: Market Size for Frozen Dairy & Desserts, By Country, 20162023 (USD Billion)
Table 49 North America: Market Size for Frozen Fish, Meat, and Seafood Products, By Country, 20162023 (USD Billion)
Table 50 North America:Market Size for Other Frozen Products, By Country, 20162023 (USD Billion)
Table 51 US: Market Size for Cold Chain, By Temperature Type, 20162023 (USD Million)
Table 52 US: Chilled Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 53 US: Frozen Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 54 Canada: Cold Chain Market Size, By Temperature Type, 20162023 (USD Million)
Table 55 Canada: Chilled Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 56 Canada: Frozen Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 57 Mexico: Market Size for Cold Chain, By Temperature Type, 20162023 (USD Million)
Table 58 Mexico: Chilled Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 59 Mexico: Frozen Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 60 Europe: Frozen Cold Chain Market Size, By Country, 20162023 (USD Billion)
Table 61 Europe: Chilled Cold Chain Market Size, By Country, 20162023 (USD Billion)
Table 62 Europe: Market Size for Cold Chain, By Type, 20162023 (USD Billion)
Table 63 Europe: Market Size, By Application, 20162023 (USD Billion)
Table 64 Europe: Market Size, By Temperature Type, 20162023 (USD Billion)
Table 65 Europe: Market Size, By Technology, 20162023 (USD Billion)
Table 66 Europe: Market Size for Cold Chain, By Means of Temperature Control, 20162023 (USD Billion)
Table 67 Europe: Refrigerated Storage Market Size, By Country, 20162023 (Million Cubic Meters)
Table 68 Europe: Refrigerated Transport Market Size, By Country, 20162023 (Units)
Table 69 Europe: Frozen Cold Chain Market Size, By Application, 20162023 (USD Billion)
Table 70 Europe: Cold Chain Market Size for Frozen Fruits & Vegetables, By Country, 20162023 (USD Billion)
Table 71 Europe: Market Size for Frozen Bakery & Confectionery Products, By Country, 20162023 (USD Million)
Table 72 Europe: Market Size for Frozen Dairy & Desserts, By Country, 20162023 (USD Billion)
Table 73 Europe: Market Size for Frozen Fish, Meat, and Seafood Products, By Country, 20162023 (USD Billion)
Table 74 Europe: Cold Chain Market Size for Other Frozen Products, By Country, 20162023 (USD Billion)
Table 75 Germany: Market Size for Cold Chain, By Temperature Type, 20162023 (USD Million)
Table 76 Germany: Chilled Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 77 Germany: Frozen Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 78 France: Market Size for Cold Chain, By Temperature Type, 20162023 (USD Million)
Table 79 France: Chilled Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 80 France: Frozen Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 81 Italy: Market Size for Cold Chain, By Temperature Type, 20162023 (USD Million)
Table 82 Italy: Chilled Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 83 Italy: Frozen Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 84 UK: Market Size for Cold Chain, By Temperature Type, 20162023 (USD Million)
Table 85 UK: Chilled Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 86 UK: Frozen Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 87 Spain: Market Size for Cold Chain, By Temperature Type, 20162023 (USD Million)
Table 88 Spain: Chilled Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 89 Spain: Frozen Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 90 Netherlands: Market Size for Cold Chain, By Temperature Type, 20162023 (USD Million)
Table 91 Netherlands: Chilled Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 92 Netherlands: Frozen Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 93 Rest of Europe: Market Size for Cold Chain, By Temperature Type, 20162023 (USD Million)
Table 94 Rest of Europe: Chilled Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 95 Rest of Europe: Frozen Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 96 Asia Pacific: Frozen Cold Chain Market Size, By Country, 20162023 (USD Billion)
Table 97 Asia Pacific: Chilled Cold Chain Market Size, By Country, 20162023 (USD Billion)
Table 98 Asia Pacific: Market Size for Cold Chain, By Type, 20162023 (USD Billion)
Table 99 Asia Pacific: Market Size, By Application, 20162023 (USD Billion)
Table 100 Asia Pacific: Market Size, By Temperature Type, 20162023 (USD Billion)
Table 101 Asia Pacific: Market Size, By Technology, 20162023 (USD Billion)
Table 102 Asia Pacific: Market Size, By Means of Temperature Control, 20162023 (USD Billion)
Table 103 Asia Pacific: Refrigerated Storage Market Size, By Country, 20162023 (Million Cubic Meters)
Table 104 Asia Pacific: Refrigerated Transport Market Size, By Country, 20162023 (Units)
Table 105 Asia Pacific: Frozen Cold Chain Market Size, By Application, 20162023 (USD Billion)
Table 106 Asia Pacific: Cold Chain Market Size for Frozen Fruits & Vegetables, By Country, 20162023 (USD Billion)
Table 107 Asia Pacific: Market Size for Frozen Bakery & Confectionery Products, By Country, 20162023 (USD Billion)
Table 108 Asia Pacific: Market Size for Frozen Dairy & Desserts, By Country, 20162023 (USD Billion)
Table 109 Asia Pacific: Market Size for Frozen Fish, Meat, and Seafood Products, By Country, 20162023 (USD Billion)
Table 110 Asia Pacific: Market Size for Other Frozen Products, By Country, 20162023 (USD Billion)
Table 111 China: Market Size for Cold Chain, By Temperature Type, 20162023 (USD Million)
Table 112 China: Market Size for Chilled Cold Chain, By Application, 20162023 (USD Million)
Table 113 China: Frozen Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 114 Japan: Market Size for Cold Chain, By Temperature Type, 20162023 (USD Million)
Table 115 Japan: Market Size for Chilled Cold Chain, By Application, 20162023 (USD Million)
Table 116 Japan: Frozen Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 117 India: Market Size for Cold Chain, By Temperature Type, 20162023 (USD Million)
Table 118 India: Market Size for Chilled Cold Chain, By Application, 20162023 (USD Million)
Table 119 India: Frozen Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 120 Australia & New Zealand: Market Size for Cold Chain, By Temperature Type, 20162023 (USD Million)
Table 121 Australia & New Zealand: Market Size for Chilled Cold Chain, By Application, 20162023 (USD Million)
Table 122 Australia & New Zealand: Frozen Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 123 Rest of Asia Pacific: Market Size for Cold Chain, By Temperature Type, 20162023 (USD Million)
Table 124 Rest of Asia Pacific: Market Size for Chilled Cold Chain, By Application, 20162023 (USD Million)
Table 125 Rest of Asia Pacific: Frozen Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 126 RoW: Frozen Cold Chain Market Size, By Country/Region, 20162023 (USD Billion)
Table 127 RoW: Market Size for Chilled Cold Chain, By Country, 20162023 (USD Billion)
Table 128 RoW: Market Size, By Type, 20162023 (USD Billion)
Table 129 RoW: Market Size, By Application, 20162023 (USD Billion)
Table 130 RoW: Market Size, By Temperature Type, 20162023 (USD Billion)
Table 131 RoW: Market Size, By Technology, 20162023 (USD Billion)
Table 132 RoW: Market Size, By Means of Temperature Control, 20162023 (USD Billion)
Table 133 RoW: Refrigerated Storage Market Size, By Region, 20162023 (Million Cubic Meters)
Table 134 RoW: Refrigerated Transport Market Size, By Country/Region, 20162023 (Units)
Table 135 RoW: Frozen Cold Chain Market Size, By Application, 20162023 (USD Billion)
Table 136 RoW: Cold Chain Market Size for Frozen Fruits & Vegetables, By Country/Region, 20162023 (USD Million)
Table 137 RoW: Cold Chain Market Size for Frozen Bakery & Confectionery Products, By Country/Region, 20162023 (USD Million)
Table 138 RoW: Cold Chain Market Size for Frozen Dairy & Desserts, By Country/Region, 20162023 (USD Million)
Table 139 RoW: Cold Chain Market Size for Frozen Fish, Meat, and Seafood Products, By Country/Region, 20162023 (USD Million)
Table 140 RoW: Cold Chain Market Size for Other Frozen Products, By Country/ Region, 20162023 (USD Million)
Table 141 Brazil: Market Size for Cold Chain, By Temperature Type, 20162023 (USD Million)
Table 142 Brazil: Market Size for Chilled Cold Chain, By Application, 20162023 (USD Million)
Table 143 Brazil: Frozen Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 144 South Africa: Cold Chain Market Size, By Temperature Type, 20162023 (USD Million)
Table 145 South Africa: Chilled Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 146 South Africa: Frozen Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 147 Argentina: Market Size for Cold Chain, By Temperature Type, 20162023 (USD Million)
Table 148 Argentina: Chilled Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 149 Argentina: Frozen Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 150 Others in RoW: Market Size for Cold Chain, By Temperature Type, 20162023 (USD Million)
Table 151 Others in RoW: Chilled Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 152 Others in RoW: Frozen Cold Chain Market Size, By Application, 20162023 (USD Million)
Table 153 Expansions & Investments, 20172018
Table 154 Mergers & Acquisitions, 20162017
Table 155 Agreements, Collaborations, Partnerships, Rebranding, and Joint Ventures, 20132016
Table 156 New Service Launches, 20122015
List of Figures (49 Figures)
Figure 1 Integrated Cold Chain
Figure 2 Market Segmentation
Figure 3 Cold Chain: Regional Segmentation
Figure 4 Research Design
Figure 5 Breakdown of Primaries: By Company Type, Designation, and Region
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Data Triangulation Methodology
Figure 9 Europe: Largest Market for Cold Chain of Perishable Food Products in 2017
Figure 10 Asia Pacific to Be the Largest Market for Refrigerated Storage By 2023 (Million Cubic Meters)
Figure 11 Asia Pacific to Be the Fastest-Growing Market for Refrigerated Transport, 20182023 (Units)
Figure 12 Demand for Fruits & Vegetables to Increase Significantly in the Global Market During the Forecast Period
Figure 13 Emerging Economies Offer Attractive Opportunities in this Market, 20182023
Figure 14 Dairy & Frozen Desserts Dominated the North American Market, Followed By Fish, Meat, and Seafood Products in 2017
Figure 15 India is Projected to Be FastestGrowing CountryLevel Market From 2018 to 2023
Figure 16 Dairy & Frozen Desserts and Fruits & Vegetables Lead the Market By Application, 2017
Figure 17 Frozen Segment to Dominate, By Temperature Type, in the Global Market
Figure 18 Increase in Consumer Demand for Perishable Foods is Driving the Global Market
Figure 19 US, China, India, Japan, and Germany: Top Five Economies Based on GDP (Ppp) in 2017
Figure 20 Animal-Based Product Consumption, By Commodity (1967-2030)
Figure 21 Import of Perishable Foods in Developed Economies Grew at 6%, Annually (20092013)
Figure 22 Export of Perishable Foods From Developing Economies Grew at 18%, Annually (20092013)
Figure 23 Environmental Impact of Food Supply Chains
Figure 24 US: Total Food Retail Transaction, 20102015 (USD Million)
Figure 25 Global E-Retail Sales, 20132018 (USD Million)
Figure 26 Supply Chain of Perishable Foods Through A Cold Chain
Figure 27 Value Chain for Perishable Foods Through A Cold Chain
Figure 28 Refrigerated Storage Market, By Region, 2018 vs 2023 (Million Cubic Meters)
Figure 29 Asia Pacific is Projected to Dominate the Refrigerated Transport Market Through 2023
Figure 30 Frozen Segment is Projected to Dominate the Market Through 2023
Figure 31 Asia Pacific to Dominate the Chilled Segment of the Cold Chain Market From 2018 to 2023
Figure 32 Frozen Segment in Asia Pacific is Projected to Grow at the Highest Rate During the Forecast Period
Figure 33 Fruits & Vegetables Segment to Be the Fastest-Growing in this Market From 2018 to 2023
Figure 34 Asia Pacific Region to Be the Largest Market for Dairy & Frozen Desserts Through 2023
Figure 35 Asia Pacific to Be the Fastest-Growing Region for the Fruits & Vegetables Segment From 2018 to 2023
Figure 36 Geographic Snapshot (2018): Cold Chain Markets for Frozen Food in Asia Pacific are Emerging as New Hotspots
Figure 37 North America: Market Snapshot
Figure 38 Europe:Market Snapshot
Figure 39 Asia Pacific: Market Snapshot
Figure 40 Key Developments By Leading Players in the Cold Chain Market, 20122018
Figure 41 Global Cold Chain Company Rankings, By Capacity, 2017
Figure 42 Expansions & Investments: the Key Growth Strategies, 20122018
Figure 43 Annual Developments in this Market, 20122018
Figure 44 Americold Logistics: SWOT Analysis
Figure 45 Preferred Freezer Services: SWOT Analysis
Figure 46 Lineage Logistics Holdings, LLC: SWOT Analysis
Figure 47 Nichirei Corporation: Company Snapshot
Figure 48 Nichirei Logistics: SWOT Analysis
Figure 49 Burris Logistics: SWOT Analysis
The study involves four major activities to estimate the current market size of the cold chain market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. These findings, assumptions, and market sizes were validated with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation approaches were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, food safety organizations, regulatory bodies, trade directories, and databases.
Primary Research
The global market comprises several stakeholders such as manufacturers, importers and exporters, traders, distributors, and suppliers of cold chain, feed processors & manufacturers, and government & research organizations. It also includes manufacturers of pharmaceuticals and nutraceutical companies. The demand-side of this market is characterized by the rising demand for cold chain in the feed and biofuel industries. The supply-side is characterized by the supply of non-GMO cold chain from various suppliers in the market. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets were identified through extensive secondary research.
- The industrys supply chain and market size, in terms of value and volume, was determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary respondents
Data Triangulation
After arriving at the overall market size, using the market size estimation processes as explained above, the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed. The data was triangulated by studying various factors and trends from both the demand and supply sides in the market.
Report Objectives
- To define, segment, and project the global market size of the cold chain market
- To understand the cold chain market by identifying its various subsegments
- To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To analyze the micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market
- To project the size of the market and its submarkets, in terms of value, with respect to the regions (along with their respective key countries)
- To profile key players and comprehensively analyze their core competencies
- To understand the competitive landscape and identify major growth strategies adopted by players across key regions
- To analyze the competitive developments such as expansions & investments, mergers & acquisitions, new product launches, partnerships, joint ventures, and agreements
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Report Metric |
Details |
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Market size available for years |
2016-2023 |
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Base year considered |
2017 |
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Forecast period |
2018-2023 |
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Forecast units |
Value (USD) and Volume (Cubic Meters)/(Units) |
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Segments covered |
Type, Temperature Type, Application, and Region |
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Geographies covered |
North America, Europe, Asia Pacific, RoW |
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Companies covered |
Americold Logistics (US), Preferred Freezer (US), Burris Logistics (US), Lineage Logistics (US), Nichirei Logistics (Japan), Swire Cold (Australia), AGRO Merchants (Netherlands), Kloosterboer (Netherlands), Interstate Cold Storage (US), VersaCold Logistics (Canada). |
This research report categorizes the cold chain market based on type, temperature type, application, and region.
On the basis of Type, the market has been segmented into:
- Refrigerated storage
- Refrigerated transport
On the basis of Temperature Type, the market has been segmented as follows:
- Chilled
- Frozen
On the basis of Application, the market has been segmented as follows:
- Dairy & frozen desserts
- Fish, meat and seafood products
- Fruits & vegetables
- Bakery & confectionery products
- Others (Sauces, condiments, salad dressings, and dips)
On the basis of Region, the market has been segmented as follows:
- North America
- Europe
- Asia Pacific
- Rest of World (RoW)*
*Rest of the World (RoW) includes South America and the Middle East & Africa.
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.
The following customization options are available for the report:
Service Offering Analysis
Service offering matrix, which gives a detailed comparison of the service portfolio of each company
Geographic Analysis
- Further breakdown of the Rest of Europe cold chain market into Russia, Ireland, Poland, and Sweden
- Further breakdown of the Rest of Asia Pacific cold chain market into Malaysia, Indonesia, and Thailand
- Further breakdown of the RoW cold chain market into Brazil, Argentina, Peru, the UAE, and South Africa
Company Information
- · Detailed analyses and profiling of additional market players (up to five)
Get in-depth analysis of the COVID-19 impact on the Cold Chain Market
Benchmarking the rapid strategy shifts of the Top 100 companies in the Cold Chain Market
Request For Special Pricing
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Cold Chain Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Cold Chain Market