Latin America Cold Chain Logistics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The Latin America Cold Chain Logistics Market is segmented by Service (Cold Storage/Refrigerated Warehousing, Refrigerated Transportation, and Value-added Services), Temperature (Chilled and Frozen), End User (Fruits and Vegetables, Dairy Products (Milk, Butter, Cheese, Ice Cream, etc.), Fish, Meat, and Seafood, Processed Food, Pharmaceutical (Includes Biopharma), Bakery and Confectionery, and Other End Users), and Country (Mexico, Brazil, Chile, Colombia, Panama and Rest of Latin America).

Latin America Cold Chain Logistics Market Size

Study Period: 2019 - 2028
CAGR: > 12 %

Major Players


*Disclaimer: Major Players sorted in no particular order


Need a report that reflects how COVID-19 has impacted this market and it's growth?

Latin America Cold Chain Logistics Market Analysis

The Latin American cold chain logistics market was valued at USD 3,077.15 million in 2020, and it is expected to exhibit a CAGR of more than 12% during the forecast period (2021-2026).

The cold chain market of Latin America was negatively affected by COVID-19 in the first few months; while in the later phase of the pandemic, the LATAM cold chain logistics market showed growth in the market backed by the rapid growth of international trade of perishable goods, technological progress in refrigerated transport and storage, infrastructure development support by the government, and the upsurge in the enlargement of food chains by MNCs.

In Latin America, the perishable food supply chain throughout the region continues to be strong, with food moving to retail outlets. Furthermore, warehouses have been reported to be full at capacity, along with the labor shortage as a challenge. These factors are fueling the existing players in the region to expand technologically through mergers and aid the shortage of refrigerated space in the region.

For instance, in October 2020, Americold announced its acquisition of Agro Merchants Group. Once the deal closes, Americold will gain over 2,900 customers, 229 facilities, and roughly 1.35 billion cubic feet of refrigerated space across four continents: North and South America, Australia, and Europe.

Latin America Cold Chain Logistics Industry Segmentation

Cold chain logistics is a combination of temperature-controlled transport and supply chain planned to maintain the quality and shelf life of the products, such as fresh agricultural produce, seafood, frozen food, and pharmaceutical drugs. The report provides a comprehensive background analysis of the Latin America (LATAM) cold chain logistics market, covering the current market trends, restraints, technological updates, and detailed information on various segments and competitive landscape of the industry. The impact of COVID-19 has also been incorporated and considered during the study.

The Latin American cold chain logistics market is segmented by service (cold storage/refrigerated warehousing, refrigerated transportation, and value-added services), temperature (chilled and frozen), end user (fruits and vegetables, dairy products (milk, butter, cheese, ice cream, etc.), fish, meat, and seafood, processed food, pharmaceutical (includes biopharma), bakery and confectionery, and other end users), and country (Mexico, Brazil, Chile, Colombia, Panama and Rest of Latin America).

By Service
Cold Storage/Refrigerated Warehousing
Refrigerated Transportation
Value-added Services (Order Management, Blast Freezing, Labeling, Inventory Management, etc.)
By Temperature
By End User
Fruits and Vegetables
Dairy Products (Milk, Butter, Cheese, Ice Cream, etc.)
Fish, Meat, and Seafood
Processed Food
Pharmaceutical (Includes Biopharma)
Bakery and Confectionery
Other End Users
By Country
Rest of Latin America

Report scope can be customized per your requirements. Click here.

Latin America Cold Chain Logistics Market Trends

This section covers the major market trends shaping the Latin America Cold Chain Logistics Market according to our research experts:

The Booming Pharmaceutical Market is Driving Cold Chain Logistics

There is a rising demand for all kinds of drugs that help combat an increasing number of chronic and lifestyle-related diseases in the region. The pharmaceutical industry is rising to the challenge by providing an ever-wider array of pharmaceuticals. Additionally, many of them require temperature-controlled transportation under proper cold chain management.

Mexico has the potential for becoming one of the largest exporters of pharmaceuticals while having an attractive home market for pharmaceutical sales as well. As reported in October 2020, Indian pharmaceutical companies and six generic drug makers signed a deal to set up a large pharmaceutical cluster for production and logistics in the Mexican state of Hidalgo.

The increased demand for medicines and PPE due to COVID-19 and the requirement of mega logistics drive for the distribution of the COVID vaccine, at temperatures ranging up to -70℃, is driving cold chain players in the region to compete and expand.

Moreover, packaging and logistics are increasing for liquids (spirits, elixirs, and tinctures), ointments (creams, pastes, and jellies), and solids (pills, tablets, lozenges, and suppositories).


Colombia is the Fastest Growing Market

In Colombia, the production of vegetables has been mainly concentrated and technologically developed in areas of temperate and cold thermal floors in the departments of Antioquia, Cundinamarca, Boyacá, and Nariño.

Colombia's exotic fruit exports, which are made up of a dozen varieties, including pomegranate, soursop, gulupa, passion fruit, pitahaya, tree tomato, and cape gooseberry, amounted to 74.3 million dollars and increased by 6% between January and November 2019, when compared to the same period of 2018.

The country estimates that sales of the processed food industry will increase significantly by 2022, generating a great development opportunity for companies in the cold chain logistics and warehousing market.

Continuous improvements in terms of refrigerated systems technology are expected to bolster the growth of the market over the next few years. Additionally, certain benefits, including transport of fresh products, protection from spoilage, and weather conditions, are further driving the market growth through 2025.


Latin America Cold Chain Logistics Industry Overview

The market is fragmented with the presence of both domestic and international companies. Brazil is one of the largest markets in this region, followed by Mexico, Argentina, and Columbia.

Mergers and consolidation continue to play an important role in the growth of the biggest players in the cold storage industry in the LATAM region. Many companies continue to expand and acquire other companies in developed markets.

Cold chain companies in the region are adopting better and modern cold chain technologies, such as radio frequency identification in warehouses, cloud storage and internet of things for real-time inventory management, and electronic data interchange, to facilitate the smooth exchange of information with clients during transportation.

Latin America Cold Chain Logistics Market Leaders

  1. Frialsa Frigorificos SA

  2. Comfrio SoluCoes LogIsticas

  3. Friozem Armazéns Frigorificos

  4. Superfrio Armazéns Gerais

  5. Americold Logistics

*Disclaimer: Major Players sorted in no particular order

latam frag.png

Latin America Cold Chain Logistics Market News

October 2020: CSafe Global, the temperature-controlled container solution for the transport of life-enhancing pharmaceuticals, continued expanding its global reach and local presence.

May 2020: Werner Enterprises (a transportation and logistics company) opened the new cross-dock facility at its Laredo, Texas terminal. The 17,500-square-foot site features 13 dry docks and eight refrigerated docks, allowing Werner to service Mexico, with a refrigerated cross-dock, according to the Omaha, Neb.-based carrier. Customers and more than 25,000 alliance carriers are able to increase their supply chain velocity while reducing trans-loading and warehousing costs often involved when shipping cross-border. The facility features a stable temperature-controlled environment, utilizing a redundant cooling system to provide the cold chain compliance needed for climate-controlled customers.

Latin America Cold Chain Logistics Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview (Current Scenario of the Cold Chain Logistics Market)

    2. 4.2 Impact of COVID-19 on the Cold Chain Logistics Market

    3. 4.3 Government Regulations (Related to Cold Storage and Transport)

    4. 4.4 Insights into Refrigerants and Packaging Materials

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

      2. 4.5.2 Restraints

      3. 4.5.3 Opportunities

    6. 4.6 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.6.1 Bargaining Power of Suppliers

      2. 4.6.2 Bargaining Power of Consumers

      3. 4.6.3 Threat of New Entrants

      4. 4.6.4 Threat of Substitutes

      5. 4.6.5 Intensity of Competitive Rivalry


    1. 5.1 By Service

      1. 5.1.1 Cold Storage/Refrigerated Warehousing

      2. 5.1.2 Refrigerated Transportation

      3. 5.1.3 Value-added Services (Order Management, Blast Freezing, Labeling, Inventory Management, etc.)

    2. 5.2 By Temperature

      1. 5.2.1 Chilled

      2. 5.2.2 Frozen

    3. 5.3 By End User

      1. 5.3.1 Fruits and Vegetables

      2. 5.3.2 Dairy Products (Milk, Butter, Cheese, Ice Cream, etc.)

      3. 5.3.3 Fish, Meat, and Seafood

      4. 5.3.4 Processed Food

      5. 5.3.5 Pharmaceutical (Includes Biopharma)

      6. 5.3.6 Bakery and Confectionery

      7. 5.3.7 Other End Users

    4. 5.4 By Country

      1. 5.4.1 Mexico

      2. 5.4.2 Brazil

      3. 5.4.3 Chile

      4. 5.4.4 Colombia

      5. 5.4.5 Panama

      6. 5.4.6 Rest of Latin America


    1. 6.1 Overview

    2. 6.2 Company Profiles

      1. 6.2.1 Frialsa Frigorificos SA

      2. 6.2.2 Comfrio Solucoes Logisticas

      3. 6.2.3 Friozem Armazens Frigorificos Ltda

      4. 6.2.4 Superfrio Armazens Gerais Ltda

      5. 6.2.5 Americold Logistics

      6. 6.2.6 Brasfrigo

      7. 6.2.7 Arfrio Armazens Gerais Frigorificos

      8. 6.2.8 Ransa Comercial SA

      9. 6.2.9 Localfrio

      10. 6.2.10 Qualianz*

    3. *List Not Exhaustive
    4. 6.3 Other Companies (Key Information/Overview)

    5. 6.4 Key Vendors and Suppliers (Cold Storage Equipment Manufacturers, Carrier Manufacturers, and Technology Providers for the Cold Chain Industry)


  8. 8. APPENDIX

    1. 8.1 Detailed Imports and Exports Statistics of Frozen Food Products

You can also purchase parts of this report. Do you want to check out a section wise price list?

Latin America Cold Chain Logistics Market Research FAQs

The Latin America Cold Chain Logistics Market is studied from 2019 - 2028.

The Latin America Cold Chain Logistics Market is growing at a CAGR of >12% over the next 5 years.

The Latin America Cold Chain Logistics Market is valued at 3077 Million USD in 2019.

The Latin America Cold Chain Logistics Market is valued at 6265 Million USD in 2028.

Frialsa Frigorificos SA , Comfrio SoluCoes LogIsticas , Friozem Armazéns Frigorificos, Superfrio Armazéns Gerais , Americold Logistics are the major companies operating in Latin America Cold Chain Logistics Market.

Latin America Cold Chain Logistics Industry Report

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

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!