2016 - 2026
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Global food cold chain market is projected to grow at a CAGR of 8.79% during the forecast period (2020 - 2025).
- The perishability of food and its wastages has been a mounting concern that starts from the raw material procurement to showcasing end products on the retail shelf. Noticeable changes in ambient temperature resulting from climate changes have an alarming effect on the cold chain infrastructure, thus, the increasing need for resilient cold chain solutions is the need of the hour.
- In the current scenario, agencies linked with export promotion and trade policies have been focusing on the development of international cold chain processes through inputs in improving the regulatory environments, increasing the skill level of workforce, and encouragement of investment in infrastructure, thereby, promoting the benefits of a country or a company services, which has been creating a favorable environment for food cold chain market.
Scope of the Report
Global food cold chain market is segmented by type, application, and geography. On the basis of type, the market is segmented into cold chain storage and cold chain transport. On the basis of application, the market is segmented into fruits and vegetables, meat and seafood, dairy and frozen dessert, bakery and confectionery, ready-to-eat meal, and other applications. Also, the study provides an analysis of the food cold chain market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
|Cold Chain Storage|
|Cold Chain Transport|
|Fruits and Vegetables|
|Meat and Seafood|
|Dairy and Frozen Dessert|
|Bakery and Confectionery|
Key Market Trends
Growing Investments in Cold Chain Infrastructure
Globally, being a macro trend, the demand for perishable items are expected to increase. While on the other hand, the demand is driven by a mix in urbanization and more people globally moving into the middle class. This group of population has been demanding more from food and other products that require careful temperature control. Increasing demand of frozen foods and products that require specific handling and temperature tolerances have grown in leaps and bounds. According to the Global Cold Chain Alliance survey, global refrigerated warehouse capacity grew to 600 million cubic meters as of 2016. Much of the development occurred in emerging markets, such as China, where refrigerated warehouse capacity grew 41%, between 2014 and 2016.
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North America Holds the Largest Market Share
The seasonality, time-temperature variation, and road accessibility ( year-round) are some factors enhancing the demand for food cold chains in the North American market. Moreover, the consumers in the market shifting from highly processed and unhealthy foods with long shelf lives to temperature-sensitive, perishable food products is creating momentum for a cold supply chain with enhanced technology in the market. Further, the US import of fruit and vegetable is comparatively higher than the export, and according to USDA, the US imports of fresh/frozen fruit totaled USD 15.06 billion, up 8% compared with 2018. The rapid growth in the industry is triggering the logistics company to expand its cold chain network. Moreover, cold warehousing space is rising in the pandemic, as consumer shifts to e-commerce and online grocery purchases have accelerated this trend.
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The global food cold chain market provides ample opportunities for start-ups and established players to foray into regions that have high export potential, and for those that have a rapid growing demand for frozen foods in the domestic markets. Major players, such as DSV Panalpina, Americold Logistics, Lineage Logistic Holdings, and Burris Logistics Inc., are active in the industry-specific to the food cold chain market. These players are adopting expansions, mergers, and acquisitions as the preferred strategies to have a stronghold in the global market.
Increased Global Trade of Perishable Products
By providing controlled temperature, humidity, and atmospheric conditions, cold chain can increase the shelf life of the products. For example, fresh fruits and vegetables are perishable products, whose quality can deteriorate in 2-3 days. If kept in a refrigerated condition, product shelf life can increase by days or even months. Perishable products, such as meat, fish/seafood, fruits, vegetables, and dairy products, are traded in bulk, as compared to processed products. The shelf life of meat/fish is just a few hours. A region like the Middle East, which is majorly dependent on import of food to meet its consumers demands, requires cold chain transport and storage.
Table of Contents
1.1 Study Deliverables and Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Cold Chain Storage
5.1.2 Cold Chain Transport
5.2 By Application
5.2.1 Fruits and Vegetables
5.2.2 Meat and Seafood
5.2.3 Dairy and Frozen Dessert
5.2.4 Bakery and Confectionery
5.2.5 Ready-to-Eat Meal
5.2.6 Other Applications
5.3 By Geography
5.3.1 North America
188.8.131.52 United States
184.108.40.206 Rest of North America
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
5.3.3 Asia Pacific
22.214.171.124 Rest of Asia-Pacific
5.3.4 South America
126.96.36.199 Rest of South America
5.3.5 Middle East and Africa
188.8.131.52 South Africa
184.108.40.206 Saudi Arabia
220.127.116.11 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 AmeriCold Logistics LLC
6.4.2 VersaCold Logistics Services
6.4.3 Lineage Logistics Holding LLC
6.4.4 Nichirei Corporation
6.4.5 AGRO Merchants Group
6.4.7 Kloosterboer Group BV
6.4.8 Gruppo Marconi Logistica
6.4.9 Henningsen Cold Storage Co.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Food Cold Chain Market market is studied from 2016 - 2026.
What is the growth rate of Food Cold Chain Market?
The Food Cold Chain Market is growing at a CAGR of 8.79% over the next 5 years.
Which region has highest growth rate in Food Cold Chain Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Food Cold Chain Market?
North America holds highest share in 2020.
Who are the key players in Food Cold Chain Market?
- Americold Logistics
- Lineage Logistics (Preferred Freezer Services)
- Nichirei Corporation
- Kloosterboer Group B.V.
- VersaCold Logistics Services
Are the major companies operating in Food Cold Chain Market.