Market Size of Europe Food Cold Chain Logistics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 68.55 Billion |
| Market Size (2029) | USD 104.23 Billion |
| CAGR (2024 - 2029) | 8.97 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Food Cold Chain Logistics Market Analysis
The Europe Food Cold Chain Logistics Market size is estimated at USD 68.55 billion in 2024, and is expected to reach USD 104.23 billion by 2029, growing at a CAGR of 8.97% during the forecast period (2024-2029).
In Europe, the market for cold chain services is expanding rapidly. A shift in the region's eating preferences has been a fundamental driver of the cold chain business in Europe.
The demand for fresh fruits and vegetables has steadily increased in Europe due to changes in consumer preferences and growth in health consequences. This led to an increase in the production and trade of fruits & vegetables, creating a need for efficient coal chain logistics. In addition, stringent regulations regarding food safety and quality standards have necessitated the use of cold chain logistics.
In January 2021, the European Union introduced new regulations to improve the quality and safety of organic products, which would impact the cold chain logistics for organic fruits and vegetables.
According to the Centre for the Promotion of Imports from Developing Countries (CBI), Europe has a population of more than 530 million consumers, and it accounted for more than USD 68.13 billion (EUR 62 billion), or 43% of the total global trade value of fresh fruit and vegetables in December 2022.
In addition, the European Union imported vegetable, fruit, and nut food preparations worth USD 6.96 billion in the year 2022, according to the United Nations COMTRADE database.
Furthermore, there has been an increase in focus on sustainability and reduction in the carbon footprint of cold chain logistics, leading to the development of eco-friendly solutions for preserving fruits and vegetables.
