Cold Chain Market by Type (Refrigerated Storage and Transport), Temperature Type (Chilled and Frozen), Application (Dairy & Frozen Desserts; Meat, Fish, and Seafood, Fruits & Vegetables, Bakery & Confectionery), and Region - Global Forecast to 2023

The cold chain market was valued at USD 189.92 Billion in 2017 and is projected to reach USD 293.27 Billion by 2023, at a CAGR of 7.6% during the forecast period.

Objectives of the study are as follows:

• To define, segment, and measure the cold chain market with respect to type, application, temperature type, and region
• To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the micromarkets1 with respect to individual growth trends, future prospects, and contribution to the total market
• To analyze opportunities in the market for stakeholders and details of the competitive landscape for market leaders
• To project the size of the market, in terms of value (USD million) in the key regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW)
• To project the market size, in terms of volume (million cubic meters) for refrigerated storage and in terms of volume (units) for refrigerated transport—which are the infrastructure types of cold chain
• To project the market size, in terms of value (USD million) on the basis of different applications—fruits & vegetables; bakery & confectionery products; dairy & frozen desserts; meat, fish, and seafood products; and others (sauces, condiments, salad dressings, and dips)
• To project the market size, in terms of value (USD million) on the basis of the temperature type—chilled and frozen—which are classified according to the temperature ranges
• To strategically profile the key players and comprehensively analyze their market share and core competencies2
• To analyze the competitive developments such expansions &  investments, new service launches, mergers &  acquisitions, agreements, collaborations, partnerships, rebranding, and joint ventures in the cold chain market

Research Methodology

This report includes estimations of market sizes in terms of value (USD billion) and volume (million cubic meters and units). Both top-down and bottom-up approaches have been used to estimate and validate the size of the cold chain market and of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market share in respective regions has been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources, such as Global Cold Chain Alliance (GCCA), European Cold chain Manufacturers Association (EFEMA), Food Additives and Ingredients Association (FAIA), Food and Agriculture Organization (FAO), European Food Safety Authority (EFA), and Food and Drug Administration (FDA)—to identify and collect information useful for this technical, market-oriented, and commercial study of the cold chain market.

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

Market Ecosystem

The various contributors involved in the value chain of food cold chain include raw material suppliers, manufacturers, cold chain service providers, wholesalers/distributors, retailers, and end users. Major manufacturing companies outsource their logistics activities to cold chain service providers to produce their products into the market. The type of cold chain service to be used depends on the type of the food product, its shelf life, storage, and movement of food products by various modes of transport such air, water, rail, and road. The market is dominated by key players such as Americold Logistics (US), Preferred Freezer (US), Burris Logistics (US), Lineage Logistics (US), and Nichirei Logistics (Japan). Other players include AGRO Merchants (US), Kloosterboer (Netherlands), Swire Cold Storage (Australia), VersaCold Logistics (Canada), and Interstate Warehousing (US).

Target Audience:

• Supply side:
  • Warehouse owners
  • Refrigerated storage owners
  • Cold chain equipment manufacturers & suppliers
  • Refrigeration solutions providers
• Regulatory authorities and associations:
  • Government agencies and non-governmental organizations
  • The International Association of Refrigerated Warehouse (IARW)
  • Global Cold Chain Alliance (GCCA)
• End applications, which include the following:
  • Food processing businesses
  • Seafood companies
  • Livestock producers
• Intermediary providers
  • Logistics service providers
  • Cold logistics players
  • Warehousing agents

Scope of the report

Based on Type, the market has been segmented as follows:

• Refrigerated storage
• Refrigerated transport

Based on Temperature Type, the market has been segmented as follows:

• Chilled
• Frozen

Based on Application, the market has been segmented as follows:

• Fruits & vegetables
• Bakery & confectionery  products
• Dairy & frozen desserts
• Fish, meat, and seafood products
• Others

Based on Region, the market has been 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

Regional 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 the Middle Eastern countries, Rest of South America and Rest of Africa

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 Market Scope
    1.4 Periodization Considered
    1.5 Currency Considered
    1.6 Units Considered
    1.7 Stakeholders

2 Research Methodology (Page No. - 21)
    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 (Page No. - 28)

4 Premium Insights (Page No. - 32)
    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 (Page No. - 37)
    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 (Page No. - 56)
    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 (Page No. - 59)
    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 (Page No. - 62)
    8.1 Introduction
    8.2 Refrigerated Storage
    8.3 Refrigerated Transport

9 Cold Chain Market, By Temperature Type (Page No. - 67)
    9.1 Introduction
    9.2 Chilled
    9.3 Frozen

10 Cold Chain Market, By Application (Page No. - 72)
     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 (Page No. - 80)
     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 (Page No. - 122)
     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 (Page No. - 129)
(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 (Page No. - 160)
     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 (83 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 Refrigerated Storage Market Size, By Region, 2016–2023 (Million Cubic Meters)
Table 11 Refrigerated Transport Market Size, By Region, 2016–2023 (Units)
Table 12 Cold Chain Market Size, By Temperature Type, 2016–2023 (USD Billion)
Table 13 Chilled: Cold Chain Market Size, By Region, 2016–2023 (USD Billion)
Table 14 Frozen: Cold Chain Market Size, By Region, 2016–2023 (USD Billion)
Table 15 Cold Chain Market Size, By Application, 2016–2023 (USD Billion)
Table 16 Dairy & Frozen Desserts: Cold Chain Market Size, By Region, 2016–2023 (USD Billion)
Table 17 Fish, Meat, and Seafood Products: Cold Chain Market Size, By Region, 2016–2023 (USD Billion)
Table 18 Fruits & Vegetables: Cold Chain Market Size, By Region, 2016–2023 (USD Billion)
Table 19 Effect of Time and Temperature on Quality Loss in Storage
Table 20 Bakery & Confectionery Products: Cold Chain Market Size, By Region, 2016–2023 (USD Billion)
Table 21 Other Applications: Cold Chain Market Size, By Region, 2016–2023 (USD Billion)
Table 22 Cold Chain Market Size, By Region, 2016–2023 (USD Billion)
Table 23 Refrigerated Storage Market Size, By Region, 2016–2023 (Million Cubic Meters)
Table 24 Refrigerated Transport Market Size, By Region, 2016–2023 (Units)
Table 25 North America: Frozen Cold Chain Market Size, By Country, 2016–2023 (USD Billion)
Table 26 North America: Refrigerated Storage Market Size, By Country, 2016–2023 (Million Cubic Meters)
Table 27 North America: Refrigerated Transport Market Size, By Country, 2016–2023 (Units)
Table 28 North America: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Billion)
Table 29 North America: Cold Chain Market Size for Frozen Fruits & Vegetables, By Country, 2016–2023 (USD Billion)
Table 30 North America: Cold Chain Market Size for Frozen Bakery & Confectionery Products, By Country, 2016–2023 (USD Billion)
Table 31 North America: Cold Chain Market Size for Frozen Dairy & Desserts, By Country, 2016–2023 (USD Billion)
Table 32 North America: Cold Chain Market Size for Frozen Fish, Meat, and Seafood Products, By Country, 2016–2023 (USD Billion)
Table 33 North America: Cold Chain Market Size for Other Frozen Products, By Country, 2016–2023 (USD Billion)
Table 34 US: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 35 Canada: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 36 Mexico: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 37 Europe: Frozen Cold Chain Market Size, By Country, 2016–2023 (USD Billion)
Table 38 Europe: Refrigerated Storage Market Size, By Country, 2016–2023 (Million Cubic Meters)
Table 39 Europe: Refrigerated Transport Market Size, By Country, 2016–2023 (Units)
Table 40 Europe: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Billion)
Table 41 Europe: Cold Chain Market Size for Frozen Fruits & Vegetables, By Country, 2016–2023 (USD Billion)
Table 42 Europe: Cold Chain Market Size for Frozen Bakery & Confectionery Products, By Country, 2016–2023 (USD Million)
Table 43 Europe: Cold Chain Market Size for Frozen Dairy & Desserts, By Country, 2016–2023 (USD Billion)
Table 44 Europe: Cold Chain Market Size for Frozen Fish, Meat, and Seafood Products, By Country, 2016–2023 (USD Billion)
Table 45 Europe: Cold Chain Market Size for Other Frozen Products, By Country, 2016–2023 (USD Billion)
Table 46 Germany: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 47 France: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 48 Italy: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 49 UK: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 50 Spain: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 51 Netherlands: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 52 Rest of Europe: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 53 Asia Pacific: Frozen Cold Chain Market Size, By Country, 2016–2023 (USD Billion)
Table 54 Asia Pacific: Refrigerated Storage Market Size, By Country, 2016–2023 (Million Cubic Meters)
Table 55 Asia Pacific: Refrigerated Transport Market Size, By Country, 2016–2023 (Units)
Table 56 Asia Pacific: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Billion)
Table 57 Asia Pacific: Cold Chain Market Size for Frozen Fruits & Vegetables, By Country, 2016–2023 (USD Billion)
Table 58 Asia Pacific: Cold Chain Market Size for Frozen Bakery & Confectionery Products, By Country, 2016–2023 (USD Billion)
Table 59 Asia Pacific: Cold Chain Market Size for Frozen Dairy & Desserts, By Country, 2016–2023 (USD Billion)
Table 60 Asia Pacific: Cold Chain Market Size for Frozen Fish, Meat, and Seafood Products, By Country, 2016–2023 (USD Billion)
Table 61 Asia Pacific: Cold Chain Market Size for Other Frozen Products, By Country, 2016–2023 (USD Billion)
Table 62 China: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 63 Japan: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 64 India: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 65 Australia & New Zealand: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 66 Rest of Asia Pacific: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 67 RoW: Frozen Cold Chain Market Size, By Country/Region, 2016–2023 (USD Billion)
Table 68 RoW: Refrigerated Storage Market Size, By Region, 2016–2023 (Million Cubic Meters)
Table 69 RoW: Refrigerated Transport Market Size, By Country/Region, 2016–2023 (Units)
Table 70 RoW: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Billion)
Table 71 RoW: Cold Chain Market Size for Frozen Fruits & Vegetables, By Country/Region, 2016–2023 (USD Million)
Table 72 RoW: Cold Chain Market Size for Frozen Bakery & Confectionery Products, By Country/Region, 2016–2023 (USD Million)
Table 73 RoW: Cold Chain Market Size for Frozen Dairy & Desserts, By Country/Region, 2016–2023 (USD Million)
Table 74 RoW: Cold Chain Market Size for Frozen Fish, Meat, and Seafood Products, By Country/Region, 2016–2023 (USD Million)
Table 75 RoW: Cold Chain Market Size for Other Frozen Products, By Country/ Region, 2016–2023 (USD Million)
Table 76 Brazil: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 77 South Africa: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 78 Argentina: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 79 Others in RoW: Frozen Cold Chain Market Size, By Application, 2016–2023 (USD Million)
Table 80 Expansions & Investments, 2017–2018
Table 81 Mergers & Acquisitions, 2016–2017
Table 82 Agreements, Collaborations, Partnerships, Rebranding, and Joint Ventures, 2013–2016
Table 83 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 cold chain market is estimated to account for revenue of 189.92 Billion in 2018, and is projected to grow at a CAGR of 7.6% to reach a value of USD 293.27 Billion by 2023. The rise in consumer demand for perishable foods, growth of international trade due to trade liberalization, and expansion of food retail chains by multinationals are the factors driving the cold chain market. Government support for infrastructural development fuels the demand in the cold chain industry.

The cold chain market has been segmented, by type, into refrigerated storage and refrigerated transport. Refrigerated storage capacities are growing in the Asia Pacific countries due to the increased need to reduce the loss of perishable foods. In North America and Europe, the refrigerated transport industry is booming, mainly due to the advancement of technology in refrigerated trucks, vans, trailers, and maritime reefer containers.

Based on temperature type, the frozen segment is estimated to have a comparatively larger market share in 2017. The global demand for frozen food products is higher than chilled food products. The chilled segment is expected to grow due to the wide use of chilling for food preservation to extend shelf life from few days to few weeks.

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 also witnessing high demand due to economic growth and rapid urbanization, along with 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, allowing for longer storage and portion control without wastage.

The European region is estimated to account for the largest share, in terms of value, in the global cold chain 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 of perishable commodities. Asia Pacific indicates 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.

High energy & infrastructural costs are growing concerns for cold chain service providers, along with this, environmental concerns regarding greenhouse gas emissions restrain the total market for cold chain.

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. Key players have been exploring new geographies through expansions and acquisitions across the globe to avail competitive advantage through combined synergies.

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