Brazil Cold Chain Logistics Market Size

Brazil Cold Chain Logistics Market Analysis

The Brazil Cold Chain Logistics Market size is estimated at USD 2.67 billion in 2024, and is expected to reach USD 4.31 billion by 2029, growing at a CAGR of 10.02% during the forecast period (2024-2029).

• The COVID-19 pandemic significantly boosted the domestic e-retailing sector and the consumption of processed foods and beverages, pushing the demand for refrigerated storage spaces and logistics.
• Brazil is one of the world's fastest-growing economies and among the top 20 markets in the world for the cold storage industry. The country has a storage capacity of about 6 million cu. m, as per the Global Cold Chain Alliance (GCCA). Brazil is a major exporter of fruits, meat, sugar, and soya beans. It is developing its cold chain logistics and storage facilities to support the expected growth in the sectors.
• The Brazilian government allocated a budget of USD 10 billion to improve the country's infrastructure, aiding the efficiency of the logistics supply chain. The growth of the transport infrastructure and connectivity is expected to drive the growth of the market during the forecast period. With the increasing per capita income of the country, people are gradually improving their standards of living and updating their food habits with a shift to packaged, refrigerated, and readymade food items. The increasing per capita income is also fueling the overall retail grocery spending in the country. All these factors have led to an increase in the consumption of refrigerated and processed foods, which is expected to drive the cold chain logistics market over the forecast period.