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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

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Report Code: FB 2871 Mar, 2018, by marketsandmarkets.com

[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.

Cold Chain Market

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See how this study impacted revenues for other players in Cold Chain Market

Client’s 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.

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Selected Market Dynamics in Cold Chain Market

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 product—frozen or chilled—and 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 cold chain 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 chain—including harvest, collection, packing, processing, storage, transport, and marketing—until 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.

Cold Chain Market

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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 AGRO’s 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 company’s 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 AGRO’s 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&A’s 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 benefits—such as increasing revenue, environmental regulatory compliance, and sustainable profits for the suppliers—offered 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 the Cold Chain Market
    4.2 North America: Cold Chain Market, By Application and Country
    4.3 Cold Chain Market: Major Countries
    4.4 Cold Chain Market: Application, By Region
    4.5 Cold Chain Market: 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 Cold Chain Market, 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 Cold Chain Market, 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 Cold Chain Market, 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: Cold Chain Market
     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, 2014–2018
             14.2.2 Mergers & Acquisitions, 2015–2017
             14.2.3 Agreements, Collaborations, Partnerships, Rebranding, and Joint Ventures, 2013–2016
     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, 2015–2017
Table 2 US: Average Expenditure and Income of Consumers, 2013–2016
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 Cold Chain Market Size, By Type, 2016–2023 (USD Billion)
Table 11 Refrigerated Storage Market Size, By Region, 2016–2023 (Million Cubic Meters)
Table 12 Refrigerated Transport Market Size, By Region, 2016–2023 (Units)
Table 13 Cold Chain Market Size, By Temperature Type, 2016–2023 (USD Billion)
Table 14 Chilled: Cold Chain Market Size, By Region, 2016–2023 (USD Billion)
Table 15 Frozen: Cold Chain Market Size, By Region, 2016–2023 (USD Billion)
Table 16 Cold Chain Market Size, By Application, 2016–2023 (USD Billion)
Table 17 Dairy & Frozen Desserts: Cold Chain Market Size, By Region, 2016–2023 (USD Billion)
Table 18 Fish, Meat, and Seafood Products: Cold Chain Market Size, By Region, 2016–2023 (USD Billion)
Table 19 Fruits & Vegetables: Cold Chain Market Size, By Region, 2016–2023 (USD Billion)
Table 20 Effect of Time and Temperature on Quality Loss in Storage
Table 21 Bakery & Confectionery Products: Cold Chain Market Size, By Region, 2016–2023 (USD Billion)
Table 22 Other Applications: Cold Chain Market Size, By Region, 2016–2023 (USD Billion)
Table 23 Cold Chain Market Size, By Technology, 2016–2023 (USD Billion)
Table 24 Blast Freezing: Cold Chain Market Size, By Region, 2016–2023 (USD Billion)
Table 25 Vapor Compression: Cold Chain Market Size, By Region, 2016–2023 (USD Billion)
Table 26 Programmable Logic Controller (PLC): Cold Chain Market Size, By Region, 2016–2023 (USD Billion)
Table 27 Evaporating Cooling: Cold Chain Market Size, By Region, 2016–2023 (USD Billion)
Table 28 Cryogenic Systems: Cold Chain Market Size, By Region, 2016–2023 (USD Billion)
Table 29 Others: Cold Chain Market Size, By Region, 2016–2023 (USD Billion)
Table 30 Cold Chain Market Size, By Means of Temperature Control, 2016–2023 (USD Billion)
Table 31 Conventional Refrigeration: Cold Chain Market Size, By Region, 2016–2023 (USD Billion)
Table 32 Using Packaging Materials: Cold Chain Market Size, By Region, 2016–2023 (USD Billion)
Table 33 Cold Chain Market Size, By Region, 2016–2023 (USD Billion)
Table 34 Refrigerated Storage Market Size, By Region, 2016–2023 (Million Cubic Meters)
Table 35 Refrigerated Transport Market Size, By Region, 2016–2023 (Units)
Table 36 North America: Frozen Cold Chain Market Size, By Country, 2016–2023 (USD Billion)
Table 37 North America: Chilled Cold Chain Market Size, By Country, 2016–2023 (USD Billion)
Table 38 North America: Cold Chain Market Size, By Type, 2016–2023 (USD Billion)
Table 39 North America: Cold Chain Market Size, By Application, 2016–2023 (USD Billion)
Table 40 North America: Cold Chain Market Size, By Temperature Type, 2016–2023 (USD Billion)
Table 41 North America: Cold Chain Market Size, By Technology, 2016–2023 (USD Billion)
Table 42 North America: Cold Chain Market Size, By Means of Temperature Control, 2016–2023 (USD Billion)
Table 43 North America: Refrigerated Storage Market Size, By Country, 2016–2023 (Million Cubic Meters)
Table 44 North America: Refrigerated Transport Market Size, By Country, 2016–2023 (Units)
Table 45 North America: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Billion)
Table 46 North America: Cold Chain Market Size for Frozen Fruits & Vegetables, By Country, 2016–2023 (USD Billion)
Table 47 North America: Cold Chain Market Size for Frozen Bakery & Confectionery Products, By Country, 2016–2023 (USD Billion)
Table 48 North America: Cold Chain Market Size for Frozen Dairy & Desserts, By Country, 2016–2023 (USD Billion)
Table 49 North America: Cold Chain Market Size for Frozen Fish, Meat, and Seafood Products, By Country, 2016–2023 (USD Billion)
Table 50 North America: Cold Chain Market Size for Other Frozen Products, By Country, 2016–2023 (USD Billion)
Table 51 US: Cold Chain Market Size, By Temperature Type, 2016–2023 (USD Million)
Table 52 US: Chilled Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 53 US: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 54 Canada: Cold Chain Market Size, By Temperature Type, 2016–2023 (USD Million)
Table 55 Canada: Chilled Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 56 Canada: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 57 Mexico: Cold Chain Market Size, By Temperature Type, 2016–2023 (USD Million)
Table 58 Mexico: Chilled Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 59 Mexico: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 60 Europe: Frozen Cold Chain Market Size, By Country, 2016–2023 (USD Billion)
Table 61 Europe: Chilled Cold Chain Market Size, By Country, 2016–2023 (USD Billion)
Table 62 Europe: Cold Chain Market Size, By Type, 2016–2023 (USD Billion)
Table 63 Europe: Cold Chain Market Size, By Application, 2016–2023 (USD Billion)
Table 64 Europe: Cold Chain Market Size, By Temperature Type, 2016–2023 (USD Billion)
Table 65 Europe: Cold Chain Market Size, By Technology, 2016–2023 (USD Billion)
Table 66 Europe: Cold Chain Market Size, By Means of Temperature Control, 2016–2023 (USD Billion)
Table 67 Europe: Refrigerated Storage Market Size, By Country, 2016–2023 (Million Cubic Meters)
Table 68 Europe: Refrigerated Transport Market Size, By Country, 2016–2023 (Units)
Table 69 Europe: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Billion)
Table 70 Europe: Cold Chain Market Size for Frozen Fruits & Vegetables, By Country, 2016–2023 (USD Billion)
Table 71 Europe: Cold Chain Market Size for Frozen Bakery & Confectionery Products, By Country, 2016–2023 (USD Million)
Table 72 Europe: Cold Chain Market Size for Frozen Dairy & Desserts, By Country, 2016–2023 (USD Billion)
Table 73 Europe: Cold Chain Market Size for Frozen Fish, Meat, and Seafood Products, By Country, 2016–2023 (USD Billion)
Table 74 Europe: Cold Chain Market Size for Other Frozen Products, By Country, 2016–2023 (USD Billion)
Table 75 Germany: Cold Chain Market Size, By Temperature Type, 2016–2023 (USD Million)
Table 76 Germany: Chilled Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 77 Germany: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 78 France: Cold Chain Market Size, By Temperature Type, 2016–2023 (USD Million)
Table 79 France: Chilled Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 80 France: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 81 Italy: Cold Chain Market Size, By Temperature Type, 2016–2023 (USD Million)
Table 82 Italy: Chilled Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 83 Italy: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 84 UK: Cold Chain Market Size, By Temperature Type, 2016–2023 (USD Million)
Table 85 UK: Chilled Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 86 UK: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 87 Spain: Cold Chain Market Size, By Temperature Type, 2016–2023 (USD Million)
Table 88 Spain: Chilled Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 89 Spain: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 90 Netherlands: Cold Chain Market Size, By Temperature Type, 2016–2023 (USD Million)
Table 91 Netherlands: Chilled Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 92 Netherlands: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 93 Rest of Europe: Cold Chain Market Size, By Temperature Type, 2016–2023 (USD Million)
Table 94 Rest of Europe: Chilled Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 95 Rest of Europe: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 96 Asia Pacific: Frozen Cold Chain Market Size, By Country, 2016–2023 (USD Billion)
Table 97 Asia Pacific: Chilled Cold Chain Market Size, By Country, 2016–2023 (USD Billion)
Table 98 Asia Pacific: Cold Chain Market Size, By Type, 2016–2023 (USD Billion)
Table 99 Asia Pacific: Cold Chain Market Size, By Application, 2016–2023 (USD Billion)
Table 100 Asia Pacific: Cold Chain Market Size, By Temperature Type, 2016–2023 (USD Billion)
Table 101 Asia Pacific: Cold Chain Market Size, By Technology, 2016–2023 (USD Billion)
Table 102 Asia Pacific: Cold Chain Market Size, By Means of Temperature Control, 2016–2023 (USD Billion)
Table 103 Asia Pacific: Refrigerated Storage Market Size, By Country, 2016–2023 (Million Cubic Meters)
Table 104 Asia Pacific: Refrigerated Transport Market Size, By Country, 2016–2023 (Units)
Table 105 Asia Pacific: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Billion)
Table 106 Asia Pacific: Cold Chain Market Size for Frozen Fruits & Vegetables, By Country, 2016–2023 (USD Billion)
Table 107 Asia Pacific: Cold Chain Market Size for Frozen Bakery & Confectionery Products, By Country, 2016–2023 (USD Billion)
Table 108 Asia Pacific: Cold Chain Market Size for Frozen Dairy & Desserts, By Country, 2016–2023 (USD Billion)
Table 109 Asia Pacific: Cold Chain Market Size for Frozen Fish, Meat, and Seafood Products, By Country, 2016–2023 (USD Billion)
Table 110 Asia Pacific: Cold Chain Market Size for Other Frozen Products, By Country, 2016–2023 (USD Billion)
Table 111 China: Cold Chain Market Size, By Temperature Type, 2016–2023 (USD Million)
Table 112 China: Chilled Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 113 China: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 114 Japan: Cold Chain Market Size, By Temperature Type, 2016–2023 (USD Million)
Table 115 Japan: Chilled Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 116 Japan: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 117 India: Cold Chain Market Size, By Temperature Type, 2016–2023 (USD Million)
Table 118 India: Chilled Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 119 India: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 120 Australia & New Zealand: Cold Chain Market Size, By Temperature Type, 2016–2023 (USD Million)
Table 121 Australia & New Zealand: Chilled Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 122 Australia & New Zealand: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 123 Rest of Asia Pacific: Cold Chain Market Size, By Temperature Type, 2016–2023 (USD Million)
Table 124 Rest of Asia Pacific: Chilled Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 125 Rest of Asia Pacific: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 126 RoW: Frozen Cold Chain Market Size, By Country/Region, 2016–2023 (USD Billion)
Table 127 RoW: Chilled Cold Chain Market Size, By Country, 2016–2023 (USD Billion)
Table 128 RoW: Cold Chain Market Size, By Type, 2016–2023 (USD Billion)
Table 129 RoW: Cold Chain Market Size, By Application, 2016–2023 (USD Billion)
Table 130 RoW: Cold Chain Market Size, By Temperature Type, 2016–2023 (USD Billion)
Table 131 RoW: Cold Chain Market Size, By Technology, 2016–2023 (USD Billion)
Table 132 RoW: Cold Chain Market Size, By Means of Temperature Control, 2016–2023 (USD Billion)
Table 133 RoW: Refrigerated Storage Market Size, By Region, 2016–2023 (Million Cubic Meters)
Table 134 RoW: Refrigerated Transport Market Size, By Country/Region, 2016–2023 (Units)
Table 135 RoW: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Billion)
Table 136 RoW: Cold Chain Market Size for Frozen Fruits & Vegetables, By Country/Region, 2016–2023 (USD Million)
Table 137 RoW: Cold Chain Market Size for Frozen Bakery & Confectionery Products, By Country/Region, 2016–2023 (USD Million)
Table 138 RoW: Cold Chain Market Size for Frozen Dairy & Desserts, By Country/Region, 2016–2023 (USD Million)
Table 139 RoW: Cold Chain Market Size for Frozen Fish, Meat, and Seafood Products, By Country/Region, 2016–2023 (USD Million)
Table 140 RoW: Cold Chain Market Size for Other Frozen Products, By Country/ Region, 2016–2023 (USD Million)
Table 141 Brazil: Cold Chain Market Size, By Temperature Type, 2016–2023 (USD Million)
Table 142 Brazil: Chilled Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 143 Brazil: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 144 South Africa: Cold Chain Market Size, By Temperature Type, 2016–2023 (USD Million)
Table 145 South Africa: Chilled Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 146 South Africa: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 147 Argentina: Cold Chain Market Size, By Temperature Type, 2016–2023 (USD Million)
Table 148 Argentina: Chilled Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 149 Argentina: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 150 Others in RoW: Cold Chain Market Size, By Temperature Type, 2016–2023 (USD Million)
Table 151 Others in RoW: Chilled Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 152 Others in RoW: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 153 Expansions & Investments, 2017–2018
Table 154 Mergers & Acquisitions, 2016–2017
Table 155 Agreements, Collaborations, Partnerships, Rebranding, and Joint Ventures, 2013–2016
Table 156 New Service Launches, 2012–2015


List of Figures (49 Figures)

Figure 1 Integrated Cold Chain
Figure 2 Cold Chain Market: Segmentation
Figure 3 Cold Chain: Regional Segmentation
Figure 4 Cold Chain Market: 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, 2018–2023 (Units)
Figure 12 Demand for Fruits & Vegetables to Increase Significantly in the Cold Chain Market During the Forecast Period
Figure 13 Emerging Economies Offer Attractive Opportunities in the Cold Chain Market, 2018–2023
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 Fastest–Growing Country–Level Market From 2018 to 2023
Figure 16 Dairy & Frozen Desserts and Fruits & Vegetables Lead the Cold Chain Market By Application, 2017
Figure 17 Frozen Segment to Dominate, By Temperature Type, in the Cold Chain Market
Figure 18 Increase in Consumer Demand for Perishable Foods is Driving the Cold Chain 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 (2009–2013)
Figure 22 Export of Perishable Foods From Developing Economies Grew at 18%, Annually (2009–2013)
Figure 23 Environmental Impact of Food Supply Chains
Figure 24 US: Total Food Retail Transaction, 2010–2015 (USD Million)
Figure 25 Global E-Retail Sales, 2013–2018 (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 Cold Chain 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 the Cold Chain 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: Cold Chain Market Snapshot
Figure 38 Europe: Cold Chain Market Snapshot
Figure 39 Asia Pacific: Cold Chain Market Snapshot
Figure 40 Key Developments By Leading Players in the Cold Chain Market, 2012–2018
Figure 41 Global Cold Chain Company Rankings, By Capacity, 2017
Figure 42 Expansions & Investments: the Key Growth Strategies, 2012–2018
Figure 43 Annual Developments in the Cold Chain Market, 2012–2018
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 cold chain 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:

Cold Chain Market

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 cold chain 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 industry’s 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 cold chain 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

Report Metric

Details

Market size available for years

2016-2023

Base year considered

2017

Forecast period

2018-2023

Forecast units

Value (USD) and Volume (Cubic Meters)/(Units) 

Segments covered

Type, Temperature Type, Application, and Region  

Geographies covered

North America, Europe, Asia Pacific, RoW

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 cold chain market has been segmented into:

  • Refrigerated storage
  • Refrigerated transport

On the basis of Temperature Type, the cold chain market has been segmented as follows:

  • Chilled
  • Frozen

On the basis of Application, the cold chain 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 cold chain 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)
Report Code
FB 2871
Published ON
Mar, 2018
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