Market Size of Turkey Cold Chain Logistics Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 1.94 Billion |
Market Size (2029) | USD 2.72 Billion |
CAGR (2024 - 2029) | 7.03 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Turkey Cold Chain Logistics Market Analysis
The Turkey Cold Chain Logistics Market size is estimated at USD 1.94 billion in 2024, and is expected to reach USD 2.72 billion by 2029, growing at a CAGR of 7.03% during the forecast period (2024-2029).
- The COVID-19 pandemic had a positive effect on the cold chain logistics industry. Packaged foods and beverages' growing popularity has helped expand the cold chain as the demand for temperature-controlled warehousing increased. Additionally, the demand for vaccine supply across the country has played a vital role in boosting the market.
- Turkey's strategic position, which connects Europe, the Middle East, and Asia, makes it an ideal transportation and logistics hub. Turkey ranked 8th globally in terms of cold storage capacity. According to the Global Cold Chain Alliance, the average size of the refrigerated warehouse in Turkey was about 729 cubic meters in 2021. Turkey's Refrigerated Warehouse Market Development Index, was 0.242 in 2021, which was higher in the middle-range index countries.
- The growth of cold chain logistics is driven by the demand for food products like dairy, fish, and meat, and the share of these products in the total food revenue is 35%. Other factors are government initiatives toward cold chain infrastructure development.