Market Size of Peru Cold Chain Logistics Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 15.16 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Peru Cold Chain Logistics Market Analysis
The cold chain logistics market in Peru was valued at USD 119.5 million in 2020, and it is expected to reach USD 278.78 million by 2026, registering a growth rate of 15.16% during the forecast period.
The Peruvian cold chain logistic market is in developing phase where the government is understanding the importance of cold chain supply and working on building more temperature controlled warehouses. Also, with low supermarket pentration in the country, there is a potential growth for the sector.
With outburst of Covid-19, people switch to online mode and thus an exponential growth is recorded for business switching to online mode. Fresh food demand during the lockdown kept the cold chain logistics in business while exports of fruits and vegetables, one of the most exported item in Peru, also returned to their usual export figures i.e pre-pandemic. Also, the vaccines against corona virus is required to be kept at low temperatures, thus driving the demand of cold chain logistics market in country.
The food service industry accounts for up to 18% of total foreign tourist revenue. Peru has around 20,000 hotels with about 500,000 bedrooms. High-end restaurants and hotels serve high-value consumer-oriented products from the United States (such as wines, cheese, beef, and pork), which necessitates the use of cold storage warehouse space.
The food processing industry in Peru is a thriving area of the country's economy. Peru's food business contributes for over 28% of the country's industrial GDP, with a gross value added of USD 9.4 billion in 2020.
