Food Cold Chain Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Food Cold Chain market is segmented by Type (Cold Chain Transport and Cold Chain Storage), Application (Dairy and Frozen Desserts, Meat and Seafood Products, Fruits and Vegetables, Bakery and Confectionery Products, Ready-to-Eat Meals, and Other Applications), and Geography (North America, Europe, Asia Pacific, South America, and Middle East and Africa). The report offers market size and forecasts in value (USD million) for the above segments.

Food Cold Chain Market Size

Food Cold Chain Market Summary
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Study Period 2018 - 2028
Base Year For Estimation 2022
CAGR 8.79 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Food Cold Chain Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Food Cold Chain Market Analysis

The food cold chain market is projected to register a CAGR of 8.79% over the next five years.

  • The perishability of food is a mounting concern, from the procurement of raw materials to the showcasing of end products on retail shelves. With changes in ambient temperature resulting from climate change, cold chain infrastructure has become more vulnerable, and resilient cold chain solutions are increasingly necessary.
  • The United Nations Environment Programme (UNEP) and WRAP released the Food Waste Index Report 2021 and highlighted that The household food waste estimate in the United States is 59 kg per capita per year, or 19,359,951 tonnes a year. This highlights the importance of finding ways to prevent food wastage. Cold chains can increase the shelf life of perishable products by providing controlled temperature, humidity, and atmospheric conditions. For instance, refrigeration can increase the shelf life of fresh fruits and vegetables by days or even months.
  • In the current scenario, agencies linked with export promotion and trade policies are focusing on developing international cold chain processes through improved regulatory environments, increased workforce skills, and infrastructure investment. This promotes the benefits of a country or company's services and creates a favorable environment for the food cold chain market.
  • Market players are inventing new technologies for transport and cold chain storage and forming mergers and acquisitions to create innovative approaches toward cold chain storage and transportation. For example, in August 2022, Lineage Logistics acquired VersaCold Logistics to expand its services in Canada and regulate the food supply chain across the country.

Food Cold Chain Market Trends

Growing Investments in Cold Chain Infrastructure

  • The demand for frozen food and products is on the rise, thanks to their convenience and longer storage capacity. As a result, the need for cold storage and cold storage transport is increasing globally. Transportation of sensitive frozen food items, such as ice cream, frozen curries, and frozen canned products, requires proper temperature-controlled facilities to prevent physical or environmental damage.
  • In addition, perishable products, such as meat, fish/seafood, fruits, vegetables, and dairy products, are traded in bulk compared to processed products. The shelf life of meat/fish is only a few hours, which has led to an increase in demand for proper temperature-controlled storage facilities. Market players are expanding their cold storage capacities to reduce food waste.
  • For example, in May 2022, Lineage Logistics completed a new fully automated warehouse expansion with an additional 45,000 pallet positions for retail and food service customers. This expansion will not only help reduce food waste but also provide customers with more efficient and reliable cold storage solutions.
Food Cold Chain Market: Market Share of Leading Temperature Controlled Companies (%), Global, 2021

North America Holds the Largest Market Share

  • Seasonality, time-temperature variation, and road accessibility throughout the year drive the demand for food cold chains in the North American market. In addition, consumers in the market are increasingly shifting away from highly processed and unhealthy foods with long shelf lives towards temperature-sensitive and perishable food products, creating momentum for a cold supply chain with advanced technology.
  • Furthermore, food wastage has become a significant problem in the North American region. According to a report by the UN Environmental Programme, in 2021, Canadian household food wastage reached 79 kg per capita. With the increasing demand for cold chain storage and transport, market players are launching new transport facilities in the region.
  • For example, in October 2022, A.P. Moller-Maersk ordered eight electric trucks from Volvo in Southern California to distribute food and other products. This move demonstrates the industry's efforts to adopt sustainable and environmentally friendly practices while meeting the growing demand for cold chain transport and storage.
Food Cold Chain Market: Market Size in %, By Region; Global, 2022

Food Cold Chain Industry Overview

The global food cold chain market is highly fragmented, with a mix of global and regional players dominating the industry. Some of the key players in the market are Americold Logistics, Lineage Logistics (Preferred Freezer Services), Nichirei Corporation, Kloosterboer Group B.V., and VersaCold Logistics Services.

The cold chain market provides ample opportunities for both start-ups and established players to enter regions with high export potential, as well as those with rapidly growing demand for frozen foods in domestic markets. These companies are increasingly adopting expansion, mergers, and acquisitions as preferred strategies to establish a strong foothold in the global market.

Food Cold Chain Market Leaders

  1. Americold Logistics

  2. Lineage Logistics (Preferred Freezer Services)

  3. Nichirei Corporation

  4. Kloosterboer Group B.V.

  5. VersaCold Logistics Services

*Disclaimer: Major Players sorted in no particular order

Food Cold Chain Market Concentration

Food Cold Chain Market News

  • September 2022: Celcius Logistics, India’s fastest-growing cold-chain marketplace startup, launched its smart last-mile delivery platform that addresses and fixes the most pertinent pain points in India’s fragile cold supply chains. The brand has also partnered with vehicle owners and automotive manufacturers to create a robust on-ground network of reefer vehicles that will be integrated with the smart platform created with a unique Inventory Management System (IMS).
  • September 2022: Lineage Logistics LLC acquired Grupo Fuentes, a prominent operator of transport and cold storage facilities in Spain. Grupo Fuentes is a significant player in the market, with a fleet of 500 vehicles and trailers, six logistics centers, a cold storage warehouse, and value-added services supporting those facilities. This acquisition is expected to significantly expand Lineage Logistics' footprint in Europe and strengthen its position as a global leader in temperature-controlled logistics. With Grupo Fuentes' extensive network of facilities and expertise in the Spanish market, Lineage Logistics is now better equipped to serve customers across Europe and beyond.
  • August 2021: GeoTab, a leading global company in IoT and connected vehicles, unveiled its latest offering - cold chain vans with advanced refrigeration capabilities. These vans have been specifically designed to transport temperature-sensitive goods, such as food and pharmaceuticals while maintaining the desired temperature range. The vans come equipped with cutting-edge refrigeration systems that can be easily controlled and monitored in real time. This allows for precise temperature management during transportation, ensuring that the goods remain fresh and safe to consume or use.

Food Cold Chain Market Report - Table of Contents


    1. 1.1 Study Deliverables and Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 Type

      1. 5.1.1 Cold Chain Storage

      2. 5.1.2 Cold Chain Transport

    2. 5.2 Application

      1. 5.2.1 Fruits and Vegetables

      2. 5.2.2 Meat and Seafood

      3. 5.2.3 Dairy and Frozen Dessert

      4. 5.2.4 Bakery and Confectionery

      5. 5.2.5 Ready-to-Eat Meal

      6. 5.2.6 Other Applications

    3. 5.3 Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

        3. Mexico

        4. Rest of North America

      2. 5.3.2 Europe

        1. Germany

        2. United Kingdom

        3. Spain

        4. France

        5. Italy

        6. Rest of Europe

      3. 5.3.3 Asia Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. Rest of Asia-Pacific

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle East and Africa

        1. South Africa

        2. Saudi Arabia

        3. Rest of Middle East and Africa


    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 AmeriCold Logistics LLC

      2. 6.3.2 VersaCold Logistics Services

      3. 6.3.3 Lineage Logistics Holding LLC

      4. 6.3.4 Nichirei Corporation

      5. 6.3.5 AGRO Merchants Group

      6. 6.3.6 DSV A/S

      7. 6.3.7 Kloosterboer Group BV

      8. 6.3.8 Gruppo Marconi Logistica

      9. 6.3.9 Henningsen Cold Storage Co.

      10. 6.3.10 Celsius Logistics

    4. *List Not Exhaustive

**Subject to Availability

Food Cold Chain Industry Segmentation

The food cold chain is the facility provided for the storage and transportation of frozen food products. 

The food cold chain market is segmented by type, application, and geography. By type, the market is segmented into cold chain storage and cold chain transport. By application, the market is segmented into fruits and vegetables, meat and seafood, dairy and frozen dessert, bakery and confectionery, ready-to-eat meals, and other applications. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. 

For each segment, the market sizing and forecast have been done based on the value (in USD million).

Cold Chain Storage
Cold Chain Transport
Fruits and Vegetables
Meat and Seafood
Dairy and Frozen Dessert
Bakery and Confectionery
Ready-to-Eat Meal
Other Applications
North America
United States
Rest of North America
United Kingdom
Rest of Europe
Asia Pacific
Rest of Asia-Pacific
South America
Rest of South America
Middle East and Africa
South Africa
Saudi Arabia
Rest of Middle East and Africa

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Food Cold Chain Market Research FAQs

The Food Cold Chain Market is projected to register a CAGR of 8.79% during the forecast period (2023-2028).

Americold Logistics, Lineage Logistics (Preferred Freezer Services), Nichirei Corporation, Kloosterboer Group B.V. and VersaCold Logistics Services are the major companies operating in the Food Cold Chain Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).

In 2023, the North America accounts for the largest market share in the Food Cold Chain Market.

Food Cold Chain Industry Report

Statistics for the 2023 Food Cold Chain market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Food Cold Chain analysis includes a market forecast outlook to for 2023 to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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