Spain Cold Chain Logistics Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 5.68 Billion |
| Market Size (2029) | USD 9.33 Billion |
| CAGR (2024 - 2029) | 10.47 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Spain Cold Chain Logistics Market Analysis
The Spain Cold Chain Logistics Market size is estimated at USD 5.68 billion in 2024, and is expected to reach USD 9.33 billion by 2029, growing at a CAGR of 10.47% during the forecast period (2024-2029).
The main growth drivers of the market are the growth of warehousing facilities across the country, the growth of B2C e-commerce, and the increase in investment by public and private enterprises in infrastructure development. With the significant transformation in the frozen food industry, cold chain logistics has become more important due to increased investment by large enterprises in the industry. The Spanish cold chain logistics market is mainly driven by increased government investment, changes in customer preferences, and the growth of the country's pharmaceutical industry. To accelerate the improvement of logistics and transportation, the Spanish government has carried out structural reforms to promote trade and foreign investment in the country.
COVID-19 had a positive impact on the Spanish cold chain logistics market. During the lockdown, high demand for frozen food and pharmaceutical products helped in the growth of the cold chain logistics market. Because of the rapid growth of the e-commerce sector and the increasing expectations of customers for same-day delivery and same-hour delivery, Spain's demand for logistics space may continue to grow in the next few years. The increase in market penetration, the increase in security and privacy of online shopping, the shortening of delivery time, and the decrease in logistics costs in the next few years may further promote the development of the logistics industry in Spain. Large service providers are expected to adopt warehouse management systems, big data analysis, and transportation management systems to maintain market competitiveness. Companies are likely to further invest in technologies, such as artificial intelligence, RFID, GPS tracking, and automation, which will contribute to the overall development of the Spanish cold chain logistics industry.
The growth of Spanish goods imports and exports, the growth of air cargo, the increase in the number of companies in the transportation industry, and the transportation and infrastructure expenditures of container ports are some of the other key factors that may have a positive impact on the Spanish cold chain market.
Spain Cold Chain Logistics Market Trends
Increase in cold warehouse demand driving the market
- A few years ago, it was widely reported that the self-storage market was thriving. It is currently trending at 4-5% year on year across Europe. Of course, this varies from one country to the next. However, there is a high demand for self-storage trends in Spain.
- In one such case, as quoted by the organization, facilities at uStore-it are frequently booked. As a result, many customers rent online by pre-booking their units rather than waiting until the last minute. Surprisingly, despite market growth, Spain ranks fourth in Europe in terms of the number of units and storage companies. However, when it comes to the Costa del Sol, the needs frequently outnumber the availability. As a result, our Manilva facility, for example, has recently expanded, and a new Palmones facility has successfully launched during the last 12 months.
- According to an industry association, with around 6.8 million square meters of logistics space taken up in the third quarter, the European logistics real estate market is returning to pre-pandemic levels of demand. Close to 22.9 million sqm were taken up during Q1-Q3 2022, matching the record level set in 2022. Despite the economic headwinds, however, the supply-demand imbalance persists. Investors, on the other hand, are treading carefully as pricing uncertainty slows transaction activity. The primary factor driving market growth is the increasing demand for refrigerated storage due to customer adaptation to perishable food.
- Moreover, as technology improves, there will be more automation in the refrigerated warehouse. There will also be more hypermarkets and supermarkets in developing countries, which will drive the market during the forecast period. Furthermore, the increasing need for food safety and taste consistency, as well as the rising amount of agricultural and chemical products, are anticipated to boost market growth.
E-commerce growth driving the market
- With over 26 million e-commerce customers, Spain is the EU's fourth-largest e-commerce market, trailing only Germany, France, and Italy. Spain has the highest percentage of online purchases from non-EU countries of these four countries. In light of this, we will discuss Spain's potential in cross-border e-commerce, with a focus on trade with China, in this article. According to the International Postal Corporation, China and the United Kingdom have long been the two leading countries in terms of cross-border e-commerce sales in Spain. Chinese cross-border e-commerce vendors have gained ground in the last five years, while UK vendors have seen market share erode.
- Spain is more than just a promising import market. According to the Chinese Ministry of Commerce, the country is also one of the top ten exporters to China in terms of cross-border e-commerce. Food and cosmetics are two of the fastest-growing industries. China is currently pursuing a proactive policy of developing cross-border e-commerce through the implementation of facilitation measures. It recently expanded the List of Imported Retail Goods for Cross-Border E-Commerce (Positive List) and is establishing a growing number of pilot zones for cross-border e-commerce. This strategy should benefit Chinese demand for Spanish goods.
- The localization strategy goes beyond simply locating fulfilment centers closer to end-users. It is also about improving the overall experience of urban logistics. For example, in October 2021, AliExpress and Cainiao Network, Alibaba Group's logistics arm, collaborated with GLS Spain to provide a door-to-door order pickup and delivery solution for AliExpress sellers in mainland Spain. AliExpress was also anticipated to significantly expand its automated locker network in France and Spain, with a target of 2,000 units and an increase in the number of cities covered by 2022. By 2021, the company planned to have 170 lockers in Spain (Madrid and Barcelona) and 80 lockers in France. The localization effort can also be seen in Alibaba's increased recruitment in Europe, which includes personnel to develop end-to-end logistics solutions for cross-border e-retailers in the Spanish market.
Spain Cold Chain Logistics Industry Overview
The cold chain logistics market in Spain is fragmented, with both domestic and international players present. Major players are Frigorifics Gelada SL, Interlogistica Del Frio SA, Ferro-Montajes Albacete SCL De Balazote, Eurocruz, and Frillemena SA. The cold chain service providers are still working on developing the ability to provide standardization in the processes. The competition in the market pertains to costs, storage fees, and space, along with the rising prices of packing and packaging materials.
Spain Cold Chain Logistics Market Leaders
Frigorifics Gelada SL
Interlogistica Del Frio SA
Eurocruz
Frillemena SA
Ferro-Montajes Albacete SCL De Balazote
*Disclaimer: Major Players sorted in no particular order
Spain Cold Chain Logistics Market News
- October 2022: Sealand Maersk Company, a Maersk subsidiary specializing in intra-European logistics, is launching a new rail product from Spain to the United Kingdom specifically designed for temperature-sensitive cargo such as fruits and vegetables. The new transport option is designed specifically for Spanish fresh produce, has a flexible capacity, and will begin with three weekly departures from the Valencia terminal to the Barking terminal in East London. On their southbound journey from the UK to Spain, the trains will also transport non-refrigerated cargo.
- September 2022: Lineage Logistics, LLC, a provider of temperature-controlled industrial REITs and logistics solutions, announced the completion of its acquisition of Grupo Fuentes, a major operator of transport and cold-storage facilities based in Murcia, Spain. Grupo Fuentes manages a fleet of over 500 vehicles and trailers, as well as six logistics centers, a cold storage warehouse, and value-added services to support those facilities. It is also a founding member of Reefer Terminal, a strategic alliance aimed at developing an intermodal transportation platform that combines road and rail cold-storage transport services.
Spain Cold Chain Logistics Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
2.1 Analysis Method
2.2 Research Phases
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS DYNAMICS
4.1 Current Market Scenario
4.2 Market Overview
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.4 Value Chain / Supply Chain Analysis
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Bargaining Power of Buyers/Consumers
4.5.2 Bargaining Power of Suppliers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Technological Trends and Automation
4.7 Government Regulations and Initiatives
4.8 Industry Value Chain/Supply Chain Analysis
4.9 Spotlight on Ambient/Temperature-controlled Storage
4.10 Impact of Emission Standards and Regulations on Cold Chain Industry
4.11 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Services
5.1.1 Storage
5.1.2 Transportation
5.1.3 Value-added Services (Blast Freezing, Labeling, Inventory Management, etc.)
5.2 By Temperature Type
5.2.1 Ambient
5.2.2 Chilled
5.2.3 Frozen
5.3 By Application
5.3.1 Horticulture (Fresh Fruits and Vegetables)
5.3.2 Dairy Products (Milk, Ice-cream, Butter, etc.)
5.3.3 Meats and Fish
5.3.4 Processed Food Products
5.3.5 Pharma, Life Sciences, and Chemicals
5.3.6 Other Applications
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Frigorifics Gelada SL
6.2.2 Interlogistica Del Frio SA
6.2.3 Ferro-Montajes Albacete SCL De Balazote
6.2.4 Eurocruz
6.2.5 Frillemena SA
6.2.6 Frigorificos De Toedo SA
6.2.7 Frigel SL
6.2.8 Frigorificos SOLY
6.2.9 Frigorificos Sanchidrian
6.2.10 Asgasa Servicios Frigorificos*
- *List Not Exhaustive
7. FUTURE OF COLD CHAIN LOGISTICS MARKET
8. APPENDIX
8.1 Macroeconomic Indicators (GDP Distribution, by Activity, Contribution of Transport and Storage Sector to Economy)
8.2 External Trade Statistics - Exports and Imports, by Product
Spain Cold Chain Logistics Industry Segmentation
A cold chain is a temperature-controlled supply chain. Cold chain logistics is the technology and process that allows the safe transport of temperature-sensitive goods and products along the supply chain. A complete background analysis of the Spain Cold Chain Logistics Market, including the assessment of the economy and contribution of sectors in the economy, a market overview, market size estimation for key segments, emerging trends in the market segments, market dynamics and geographical trends, and COVID-19 impact, is covered in the report.
The Spain cold chain logistics market is segmented by services (storage, transportation, and value-added services (blast freezing, labeling, inventory management, etc.), by temperature type (ambient, chilled, and frozen), and by application (horticulture (fresh fruits and vegetables), dairy products (milk, ice cream, butter, etc.), meat and fish, processed food products, pharmaceuticals, life sciences, chemicals, and other applications). The report offers market size and forecast values (in USD billions) for all the above segments.
| By Services | |
| Storage | |
| Transportation | |
| Value-added Services (Blast Freezing, Labeling, Inventory Management, etc.) |
| By Temperature Type | |
| Ambient | |
| Chilled | |
| Frozen |
| By Application | |
| Horticulture (Fresh Fruits and Vegetables) | |
| Dairy Products (Milk, Ice-cream, Butter, etc.) | |
| Meats and Fish | |
| Processed Food Products | |
| Pharma, Life Sciences, and Chemicals | |
| Other Applications |
Spain Cold Chain Logistics Market Research FAQs
How big is the Spain Cold Chain Logistics Market?
The Spain Cold Chain Logistics Market size is expected to reach USD 5.68 billion in 2024 and grow at a CAGR of 10.47% to reach USD 9.33 billion by 2029.
What is the current Spain Cold Chain Logistics Market size?
In 2024, the Spain Cold Chain Logistics Market size is expected to reach USD 5.68 billion.
Who are the key players in Spain Cold Chain Logistics Market?
Frigorifics Gelada SL , Interlogistica Del Frio SA , Eurocruz, Frillemena SA and Ferro-Montajes Albacete SCL De Balazote are the major companies operating in the Spain Cold Chain Logistics Market.
What years does this Spain Cold Chain Logistics Market cover, and what was the market size in 2023?
In 2023, the Spain Cold Chain Logistics Market size was estimated at USD 5.14 billion. The report covers the Spain Cold Chain Logistics Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Spain Cold Chain Logistics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Spain Cold Chain Logistics Industry Report
Statistics for the 2024 Spain Cold Chain Logistics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Spain Cold Chain Logistics analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
