[199 Pages Report] The Cold Chain Market size was estimated at USD 213.50 billion in 2023 and expected to reach USD 232.44 billion in 2024, at a CAGR 8.99% to reach USD 390.29 billion by 2030.
Cold chain is a proficient system consisting of thermal and refrigerated packaging methods to ensure the safety of temperature-sensitive products during transportation. In many developed and developing economies, perishable and frozen food product consumption has increased significantly. The surging perishable products demand and requirements for fast delivery associated with the e-commerce-based food and beverages delivery market has significantly accelerated cold chain operations. Additionally, trade liberalization and expansion of retail chains by multinational companies are anticipated to boost industry growth over the forecast period. Moreover, rising governmental focus on the development and improvement of cold chain infrastructure, coupled with increased strictness on food safety regulations, is expected to fuel the growth of the global cold chain market in the forthcoming years. Despite these growth factors, negative environmental impacts posed by cold chain systems, such as the emission of harmful greenhouse gases, lack of standardization, and high operational costs, can restrain the growth of the global cold chain market. However, the adoption of software for cold chain logistics and increased demand for high-value pharmaceutical products transportation solutions across the entire distribution network is anticipated to provide remunerative growth opportunities for the market players in the near future.
Networking devices are crucial in creating a network that efficiently transfers and monitors data across different points in the cold chain and enables real-time tracking and management, ensuring that all parts of the cold chain are interconnected and communicating effectively. Radio-frequency identification (RFID) devices track products throughout the cold chain. They store and remotely retrieve data using tags attached to the products, making monitoring the location and condition of temperature-sensitive goods during transit easier. Sensors &data loggers are crucial for continuously monitoring temperature and humidity and provide valuable data that is used to verify that products are stored and transported under optimal conditions, helping to prevent spoilage or damage. Telematics & telemetry devices are used for the remote transmission and receiving of information. In cold chain, telematics & telemetry devices enable the wireless monitoring of vehicles and storage units, ensuring that products are kept at the right temperature throughout their journey. Software in the cold chain is pivotable in integrating the data collected from various hardware components and turning it into actionable insights. Software includes systems for data analysis, inventory management, and logistics planning. The software makes sure that all stakeholders have access to real-time information, enabling quick decision-making to maintain the integrity of the cold chain and reduce the risk of product loss.
In bakery and confectionery items, the cold chain is essential for extending the shelf life of products sensitive to temperature and humidity changes. The cold chain ensures that items such as cakes, chocolates, and pastries retain freshness, texture, and taste until they reach consumers. Dairy products, including milk, cheese, butter, and frozen products, require strict temperature control to prevent spoilage and maintain nutritional value. The cold chain ensures these items are stored and transported at optimal temperatures, safeguarding their quality and safety for consumers. Cold chain logistics are vital for maintaining the quality and freshness of fruit pulp and concentrates. These products are highly perishable and sensitive to temperature fluctuations, making cold storage and transportation critical to preserving their flavor, color, and nutritional value. Fruits and vegetables after harvest need to be rapidly cooled and kept at specific temperatures to maintain freshness, prevent decay, and extend shelf life. The cold chain enables the safe distribution of these perishables from farms to consumers, reducing food waste. Meat and seafood have a high susceptibility to spoilage and contamination if not properly refrigerated. The cold chain plays an indispensable role in the meat and seafood industry by ensuring these products are transported and stored at safe temperatures, thus preventing bacterial growth and ensuring food safety for consumers. Processed food items include various products, from canned goods to ready-to-eat meals. The cold chain helps preserve the quality, extending shelf life and maintaining safety standards while transporting and storing processed food items until they reach the end consumer. Pharmaceutical products require consistent refrigeration from production to delivery to maintain efficacy and safety. Cold chain processes assist in storing and transporting temperature-sensitive drugs and vaccines.
The eCommerce industry is growing rapidly in North America, Europe, and Asia-Pacific, fueling the cold chain logistics demand for the last-mile delivery of temperature-sensitive products, including fresh food, pharmaceuticals, and other products across these regions. The increasing consumer base for processed food in the UK, Germany, France, and other European countries is expected to increase the demand for cold chain solutions over the forecast period. At the same time, Asia-Pacific is anticipated to grow significantly due to increasing penetration of warehouse management systems (WMS) and government investment in logistics infrastructure development. Rising innovations in the pharmaceutical sector in India, China, and Japan are also expected to fuel cold chain solutions demand. Additionally, a significant factor driving the market includes the rapid expansion of biopharma in the region. China is a major contributor to regional growth attributed to technological advancements in the packaging, processing, and storage of seafood products. The growing demand for food products, increasing urbanization, government initiatives, expansion of the eCommerce industry, and focus on sustainability are boosting the growth of the cold chain market in the Asia-Pacific region.
The FPNV Positioning Matrix is pivotal in evaluating the Cold Chain Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Cold Chain Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
JustDeliveries Aims to Foster Growth in India's Cold Chain Sector With Recent Funding
JustDeliveries, a cold chain solutions startup, has recently secured substantial funding of USD 1 million in its pre-Series A round, primarily spearheaded by NABVENTURES Fund, alongside contributions from notable entities such as FAAD Network, Anay Ventures, Caret Capital, and the Mahansaria family office. The injection of capital is earmarked for broadening its logistical footprint across major Indian cities including Bangalore, Mumbai, Pune, and NCR, and notably initiating operations in Hyderabad. [Published On: 2024-03-26]
Innovating Pharmaceutical Cold Chain Management with Tower Control Center
Tower Cold Chain has unveiled its latest advancement, the Tower Control Center (TCC), enhancing the management of temperature-sensitive pharmaceutical shipments. This comprehensive portal is tailor-made to cater to the intricate needs of pharma companies, airlines, and third-party logistics providers, promising an enhanced user experience with its superior control functionalities. The TCC stands out by offering a unique simulation tool for precise planning of shipment conditions, coupled with a dynamic tracking feature that provides real-time updates on location and temperature. [Published On: 2024-01-29]
Strategic Expansion in Cold Chain Logistics: Maersk’s New Cold Store Facility in Gujarat
A.P. Moller–Maersk has commenced construction of a state-of-the-art cold store facility in Mehsana, Gujarat, dedicated to serving HyFun Foods. This initiative signifies a notable expansion in cold chain logistics, designed to enhance the storage and distribution of perishable frozen processed foods. This proximity to HyFun Foods’ manufacturing base is set to centralize storage, ensuring efficiency and streamlining operations before dispatch. [Published On: 2024-01-18]
The report delves into recent significant developments in the Cold Chain Market, highlighting leading vendors and their innovative profiles. These include A.P. Møller - Mærsk A/S, Agri-Norcold A/S, Americold Logistics, Inc., AWL India Private Limited, Berlinger & Co. AG, Burris Logistics, Carrier Global Corporation, Cold Box Express, Inc., Cold Chain Technologies, Coldman Logistics Pvt.Ltd., Conestoga Cold Storage (Quebec) Limited, Confederation Freezers - Brampton, Congebec Logistics, Inc., Constellation Cold Logistics, Controlant, Cryopak Industries, Inc., Daikin Industries, Ltd., DGP Intelsius Limited, Elpro-Buchs AG, Emergent Cold LatAm Management LLC, FedEx Corporation, Frialsa Frigoríficos, S.A. de C.V., Frigoscandia, Friozem Armazéns Frigoríficos Ltda., Klinge Corporation, Lineage Logistics Holding, LLC, Magnavale Ltd., NewCold Coöperatief UA, Nichirei Logistics Group Inc., Nordic Cold Chain Solutions, Orbcomm, Rinac India Limited, RLS Logistics, Sealed Air Corporation, Snowman, Softbox Systems Ltd., Sonoco Products Company, SuperFrio Armazéns Gerais S.A., TEMPACK Packaging Solutions, S.L., Thermal Energy Service Solutions Pvt Ltd., Tippmann Group, Trenton Cold Storage, Inc., United States Cold Storage Inc., and VersaCold Logistics Services.
This research report categorizes the Cold Chain Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Component
- Hardware
- Networking Devices
- RFID Devices
- Sensors & Data Loggers
- Telematics & Telemetry Devices
- Software
- Hardware
- Type
- Refrigerated Storage
- Cold Containers
- Warehouses
- Refrigerated Transport
- Airways
- Railways
- Roadways
- Waterways
- Refrigerated Storage
- Technology
- Blast Freezing
- Cryogenic Cooling
- Evaporating Cooling
- Vapor Compression
- Temperature Range
- -1 to -20 Celsius
- 0 to 15 Celsius
- Below -20 Celsius
- Application
- Food & Beverage
- Bakery & Confectionary
- Dairy & Frozen Products
- Fruit Pulp & Concentrates
- Fruits & Vegetables
- Meat & Seafood
- Processed Food
- Pharmaceuticals
- Food & Beverage
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast of the Cold Chain Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Cold Chain Market?
- What are the technology trends and regulatory frameworks in the Cold Chain Market?
- What is the market share of the leading vendors in the Cold Chain Market?
- Which modes and strategic moves are suitable for entering the Cold Chain Market?
- Preface
- Research Methodology
- Executive Summary
- Market Overview
- Market Insights
- Cold Chain Market, by Component
- Cold Chain Market, by Type
- Cold Chain Market, by Technology
- Cold Chain Market, by Temperature Range
- Cold Chain Market, by Application
- Americas Cold Chain Market
- Asia-Pacific Cold Chain Market
- Europe, Middle East & Africa Cold Chain Market
- Competitive Landscape
- Competitive Portfolio
- List of Figures [Total: 26]
- List of Tables [Total: 830]
- List of Companies Mentioned [Total: 44]
Temperature Control and Monitoring:
Transporting perishable goods requires strict temperature control and monitoring throughout the entire supply chain. The cold chain ensures that the temperature is maintained at the required levels for the entire journey. This is achieved through the use of refrigerated trucks, containers, and warehouses. Industry requirements dictate the specific temperatures that need to be maintained for different types of goods. For instance, dairy products need to be transported and stored at temperatures between 2-8°C while frozen goods need to be transported and stored at -18°C or below.
Prevents Spoilage and Wastage:
Perishable goods are susceptible to spoilage and wastage, which can result in significant losses for businesses. By implementing cold chain logistics, businesses can prevent spoilage and reduce wastage. The cold chain ensures that perishable goods do not reach their expiration point before they arrive at their destination. This helps to reduce food waste and boost profits for businesses.
Improved Quality and Safety:
The cold chain ensures that the quality and safety of perishable goods are maintained throughout the entire journey. The use of refrigerated containers and trucks helps to suppress the growth of harmful bacteria that can lead to foodborne illnesses. By adhering to industry regulations, businesses can provide their customers with high-quality products that are safe to consume.
Increased Efficiency:
The use of cold chain logistics can improve the efficiency of the supply chain. Perishable goods need to be transported quickly to ensure that they arrive at their destination in the best possible condition. The use of refrigerated containers and trucks helps to increase the speed of transportation, leading to faster turnaround times and improved customer satisfaction.
Sustainable Transportation:
Sustainability is becoming an essential component of logistics in the food industry. The use of cold chain logistics can contribute to sustainable transportation. The use of refrigerated containers and trucks helps to reduce wastage and prevent food spoilage, mitigating the overall carbon footprint of the logistics process.
The cold chain is an essential component of logistics in the food industry. It is essential to maintain the quality and safety of perishable goods during transportation. By implementing cold chain logistics, businesses can reduce spoilage, prevent wastage, and improve customer satisfaction. The benefits of implementing cold chain logistics go beyond improving efficiency and productivity. It can contribute to sustainable transportation, reducing the carbon footprint of the logistics process. Businesses can leverage the benefits of the cold chain to leverage competitive advantage in the marketplace while providing customers with high-quality and safe products.
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