Cold Chain Market

Market Leaders: Americold Logistics (US), Lineage Logistics Holdings, LLC. (US), Nichirei Corporation (Japan), Burris Logistics (Us), and A.P. Moller Maersk (Denmark) are Projected to Dominate the Market Due to Their Highly Expanded Warehouse Network and Technology Based Development to Provide High Quality Storage & Logistics System in Cold Chain Market

The market for cold chain is estimated at USD 278.2 billion in 2023; it is projected to grow at a CAGR of 9.0% to reach USD 428.4 billion by 2028. The food industry requires temperature controlled storage facilities for their products. Cold storage facilities are commonly constructed to store food products for an extended period of time. As the global food production projected to increase in response to rising food demand and to ensure that these goods do not spoil. These food products must be stored in cold storage facilities. The cold chain system is critical for the food industry because it helps to extend the shelf life of food products. They are also effective at reducing waste and extending the timeframe for marketing these foods.

The cold chain market consists of a few globally established players such as Americold Logistics (US), Lineage Logistics Holdings, LLC. (US), Nichirei Corporation (Japan), Burris Logistics (US), A.P. Moller Maersk (Denmark), United States Cold Storage (US), Tippmann Group (US), VersaCold Logistics Services (Canada), Coldman (India), Congebec Inc. (Canada), Conestoga Cold Storage (Canada), NewCold (Netherlands), Confederation Freezers (Canada), Seafrigo (France), and Trenton Cold Storage (Canada). Strategic acquisitions were the dominant strategy adopted by the key players, followed by expansions and technology advancements. These strategies have helped them to increase their presence in different regions and industrial segments.

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Americold Logistics is in the business of integrated temperature-controlled warehousing and logistics. The company caters to the food industry by offering the most comprehensive warehousing, transportation, and logistics solutions available. The company’s warehouses are an integral part of the supply chain as they connect the food producers, processors, distributors, and retailers to the end consumers. It offers various additional services, such as blast freezing, port facilities, and rail-connected facilities. Americold operates in the industry with world-class services, facilities, and technology. It owns and operates more than 250 temperature-controlled warehouses with approximately 1.5 billion cubic feet of storage, in North America, Europe, Asia Pacific, and South America.

Lineage Logistics Holdings is in the business of temperature-controlled supply chain and logistics. The company offers supply chain solutions and logistics services to leading food, retail, agriculture, and distribution companies. The cold chain solutions offered by the company include temperature-controlled public warehousing facilities for storing various food commodities. It offers cold storage warehousing, cargo handling, third-party facility management, on-site food processing, temperature-controlled logistics, transportation, and logistics consulting services. Lineage Logistics Holdings operates in North America and offers its solutions and services globally through its subsidiaries. The company has its facilities in countries such as the US, Belgium, China, the Netherlands, the UK, and Vietnam.

Nichirei Corporation has been catering to the food industry since its inception. With time, the company has developed a wide range of businesses, which has made it more than just a food producer. The various businesses owned by Nichirei Corporation include Nichirei Foods Inc., Nichirei Fresh Inc., Nichirei Biosciences Inc., and Nichirei Logistics Group Inc. The Nichirei Logistics Group provides storage and transportation services. It has refrigerated warehouses and logistics centers in Europe and China. The total refrigerated storage capacity of the company is about 2 million tons. It is majorly present in Japan. Its network of domestic and worldwide affiliates is located across 120 sites.

Burris Logistics is a family-owned business that provides a wide range of categories and distribution channels at all points of the temperature-controlled supply chain. The company indulges in providing solutions to its customers throughout all food distribution channels. It offers proprietary technologies, procurement services, owned and consigned inventory management systems, and food & safety compliance assistance. It operates through four business segments: Burris Custom Retail Distribution, Burris PRW Plus (Public Refrigerated Warehousing), Burris Transportation, and Honor Foods. The cold chain solutions are provided by Burris PRW Plus (Public Refrigerated Warehousing), and Burris Transportation. The company operates in North America. It primarily operates in the US and offers solutions and services globally. Burris Logistics offers over 60 million cubic feet of freezer warehousing space across 16 strategic locations.

A.P. Moller Maersk is an integrated logistics company working to connect and simplify its customers’ supply chains. As a global leader in shipping services, the company operates in more than 130 countries and employs over 95,000 people. Maersk Company’s 60+ warehouses and transportation services are designed to serve storage, fulfillment, distribution, and inland transportation needs. Transpacific, Transatlantic, South America, Central America, Africa, and the Middle East are all served by Maersk, Sealand, and Hamburg Sud Ocean carrier services via the Port of New York/New Jersey. The company owns around 7 cold storage facility across the globe, in San Antonio, Puerto Mont, Chile; Mszczonów, Poland (2 cold stores); St Petersburg, Russia; Durban, South Africa; Chennai, India; Houston, US; and Newark, US. The company offers cold chain services through its logistics and service business segment. It offers Cold Chain Management (CCM), which is an integrated service offering both the physical aspects, that is, transportation or storage, and digital capabilities that enable true end-to-end supply chain management.

Related Reports:

Cold Chain Market by Type (Refrigerated Warehouse and Transportation), Temperature Type (Chilled and Frozen), Application ( Dairy & Frozen Desserts, Fish, Meat & Seafood, Fruits & Vegetables, Bakery & Confectionery ) and Region - Global Forecast to 2028

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Cold Chain Market Size,  Share & Growth Report
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