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Cold Chain Market by Type, Temperature Type, Application And Region - Global Forecast to 2023

Cold Chain Market: Global Forecast until 2023

  • March 2018
  • 177 pages
  • ID: 4674549
In this report:
The cold storage capacity of the Asia Pacific was ##.## million cubic meters in 2017 and is expected to record the highest CAGR of ##.##% during the forecast period.
Japan was the largest refrigerated transport market in the region in 2017, with a volume of ##,## units; it is expected to grow at a CAGR of ##.##% between 2018 and 2023 to reach ##,## units.


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Cold chain market forecasted to grow at a compound annual growth rate (CAGR) of 7.6% during the forecast horizon

The primary factors driving the overall success of cold chain is the rise in international trade for perishable food products, expansion of food retail chains by multinationals, and government support for infrastructure development of cold chain sector.On the other hand, Elements such as high energy and infrastructure costs are selecting the increase of the cold chain market.

The cold chain market is expected to be valued at ~$203.1B in 2018 and is projected to extend a value of ~$293.3B by 2023, at a compound annual growth rate (CAGR) of 7.60 percent.

Fruits & vegetables to be the fastest-growing segment among other applications from 2018 to 2023

On the basis of application type, the frozen cold chain market is divided into fruits & vegetables; bakery & confectionery products; dairy & frozen desserts; meat, fish, and seafood products; and others.The fruits & vegetables segment is intended to be the quickest increasing market during the outlook period.

The frozen fruits & vegetables have longer storage with minimal wastage, and are hence increasing at the highest compound annual growth rate (CAGR).Also, the overall demand for healthy foods has subsequently fueled the industry demand for fruits & vegetables.

Globalization and trade liberation have increased the overall trade of fruits & vegetables. The cold chain also plays a main role in storage and transport of meat, fish, and seafood products, as they need refrigeration right after slaughter, during processing, and during packaging.

Chilled segment to lead the cold chain market by temperature type during the estimate period

Deterioration of food is primarily caused by the activity of microorganisms, which may be present in food ingredients or may be introduced during the handling and processing of the food. Chilling reduces the food temperature below the ambient temperature, but keeps it above -1 °C (30.2 °F). Effective short-term preservation of food products is possible using this method, as it inhibits microbial, physical, chemical, and biochemical reactions combined with food spoilage and deterioration, driving the chilled segment for cold chain market.

India (IN): The future of the cold chain market

The cold chain market is broken down on the basis of area into North America (NA), EU, Asia-Pac, and Rest of the globe.The Asia Pacific area is forecasted to be the quickest developing market during the outlook period.

The sector is increasing in this area due to the growing disposable income of the people, the changing consumption patterns, and rising expansions and acquisitions of top players including Americold Logistics, Preferred Freezer Services, and Nichirei Logistics in South Africa (ZA) and Thailand (TH) for profitable returns.The Indian government is encouraging the setting up of cold storage facilities by providing subsidized power tariffs, public-private partnerships, and awareness campaigns to assure year-round availability of perishable food products and reasonable prices to consumers with equitable distribution overall the area.

The growing working-class population in India (IN) is one of the main drivers for increase in the food & beverages market and also creating an opportunity for cold chain service providers.

Distribution of primaries:

• By Company category: Tier 1 - 33 %, Tier 2 - 45.0 percent, and Tier 3 - 22.0 percent

• By Description: C-suite - 56.0 percent, D-level - 22.0 percent, and Others - 22.0 percent

• By Area: North America continent - 34.0 percent, Europe (EU) - 22.0 percent, Asia Pacific (APAC) - 33.0 percent, and rest of the world - 11.0 percent

The overall market for cold chain is leaded by, is monopolized by big players including Americold Logistics, Preferred Freezer Services, Burris Logistics, Lineage Logistics, and Nichirei Logistics. Other actors contain AGRO Merchants, Kloosterboer Group, Swire Cold Storage, and Interstate Cold Storage.

Why acquiring this study can help you:

• To get an overview of the overall cold chain market

• To get an overview of the main actors in the cold chain sector and service portfolios and top strategies approved by top players to attain the market presence

• To benefit insights of the main regions in which the cold chain market is increasing

• To benefit knowledge of the increase of different food products that the cold chain is used for

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