Market Size of Mexico Cold Chain Logistics Industry
| Study Period | 2020- 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 4.06 Billion |
| Market Size (2029) | USD 6.06 Billion |
| CAGR (2024 - 2029) | 12.36 % |
| Market Concentration | Low |
Major Players_-_Copy.webp)
*Disclaimer: Major Players sorted in no particular order |
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Mexico Cold Chain Logistics Market Analysis
The Mexico Cold Chain Logistics Market size is estimated at USD 4.06 billion in 2024, and is expected to reach USD 6.06 billion by 2029, growing at a CAGR of 12.36% during the forecast period (2024-2029).
With a population of nearly 130 million, a rich cultural history, and abundant natural resources, Mexico is among the 15 largest economies in the world and the second-largest economy in Latin America. The country has solid macroeconomic institutions, and it is open to trade. Moreover, in October 2023, Mexico's GDP grew over 3.2% compared to 2022.
In 2023, the Mexican cold chain sector witnessed significant investments. In December 2023, Emergent Cold LatAm raised USD 500 million to invest in refrigerated logistics in Latin America. The refrigerated food storage and transportation solutions provider in Latin America raised USD 500 million to boost its expansion and consolidation plan in the region. Emergent Cold LatAm raised twice the capital initially planned for this third investment round.
In November 2023, warehousing giant Lineage Logistics announced plans to build a massive cold storage facility in Laredo, with a capital investment of around USD 79 million due to the growing demand for avocados fueling the growth of cold storage.
