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Cold Chain Market Size, Company Revenue Share, Key Drivers & Trend Analysis, 2020–2026
Cold Chain Market Size, Company Revenue Share, Key Drivers & Trend Analysis, 2020–2026
Published by news degree
Posted on August 4, 2021
Home > Research Reports > Cold Chain Market Size, Company Revenue Share, Key Drivers & Trend Analysis, 2020–2026
According to the current analysis of Reports and Data, the global cold chain market was valued at USD 197.2 Billion in 2018 and is expected to reach the value of USD 358.2 Billion by the end of the year 2026, at a CAGR of 7.7%. The cold chain market is considered to be the backbone of the agricultural industry. The cold chain consists of pre-cooling, refrigerated storage, and refrigerated transport of perishable food products. Despite the increasing importance of cold chain processes in food and pharmaceutical industry, the prevalence of cold chain management is still very weak in most of developing countries. Due to expansion in the food industry coupled with initiatives taken by the government to reduce food wastage, cold chain infrastructure has increased extensively in past years. Developing an undisturbed chain of storage and distribution of perishable products is highly crucial in order to help the farmers gain higher value for their produces and ensure safe and quality product delivery to the end-users. The key market players in the market are developing various strategies in order to sustain in the competitive market and increase their market shares like expansion, the launch of new products, partnerships, mergers and acquisitions. For example, in May 2019, Americold, a key player in the cold chain market, acquired Lanier Cold Storage, in order to further expand and strengthen its business in poultry segment. The company is expected to experience extensive growth in the urban areas of developing and developed countries.
Considering factors such as increased customer demand for quality products, increasing in trading of perishable products, rise in disposable income, increase in the middle-class population, rise in demand for frozen products and increase in health concerns and demand for healthy and safe food products are expected to drive the market growth for cold chain processes. Further, development in the distribution channel is expected to increase the market in the coming years.
On the basis of regional perspective, Europe is expected to lead the market in the forecasted period. It reported the value of USD 56,348.2 million in 2018, and is expected to grow at a CAGR of 7.5% to reach the value of USD 100,912 million by the end of the year 2026. Growing demand for consumption of high-quality perishable commodities, and initiative taken by government for the safety of pharmaceutical product in transportation are the driving factors for its growth.
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Key participants include Americold Logistics LLC, Burris Logistics, Lineage Logistics Holding, LLC, Preferred Freezer Services, Inc., Nichirei Logistics Group Inc, Nordic Logistics and Warehousing LLC, Swift Transportation, Trenton Cold Storage, Interstate Cold Storage Inc, Henningsen Cold Storage Co., and VersaCold Logistics Services.
Segments covered in the report:
For the purpose of this report, Reports and Data has segmented the Cold chain market on the basis of type, temperature type, application type, technology, and region:
Type (Volume in Thousands Unit; Revenue in USD Million; 2016–2026)
- Refrigerated Storage
- Refrigerated Transport
Temperature Type (Volume in Thousands Unit; Revenue in USD Million; 2016–2026)
- Chilled
- Frozen
Application Type (Volume in Thousands Unit; Revenue in USD Million; 2016–2026)
- Dairy and Frozen Desserts
- Meat and Seafood
- Fruits and Vegetables
- Bakery and Confectionery
- Pharmaceutical
- Others
Regional Outlook (Volume in Thousands Unit; Revenue in USD Million; 2016–2026)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
- Brazil
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Further key findings from the report suggest
- The cold chain market is growing at a CAGR of 5% in the Asia Pacific region, followed by Europe and North America, with 7.5 % and 7.4% CAGR, respectively. Increase in food spoilage coupled with an increase in demand for high-quality perishable products is expected to drive the growth of the cold chain market.
- Europe is the dominating cold chain with the highest market share of around 28.6% of the global market. European regional market is the chief revenue-generating source for this product segment, followed by Asia Pacific and North American regions.
- With an increase in food-borne diseases, people are more concern about the quality and the safety of the food product. Various techniques are deployed in order to test the quality of the frozen food product. For example, gas chromatography is performed on the food product to ensure it meets the quality standards throughout the delivery process.
- Apart from the food industry, cold chain logistics play a crucial role in the pharmaceutical industry. If a particular medicine is kept in a temperature range, that exceeds its ‘safe range’, the medicine will lose its effectiveness and in some cases, jeopardize the health of a patient.
- Cold chain logistics companies are introducing facilities for the consumers to track their package product in every facet of logistic process in order to make this possible; no weak-links in the logistic process must be present to enable maximum satisfaction to the customers.
- Cold-storage service helps in extending the shelf-life of perishable food products by retaining the moisture content in them and thus provide prevention from drying along with delaying the chemical reaction taking place in the food production leading to spoilage of food.
Request for customization of the report @ https://www.reportsanddata.com/request-customization-form/2136
Thank you for reading our report. To know more about the customization feature, please get in touch with us and our team will ensure the report is customized to meet your requirements.
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
Read Full Press Release: https://www.reportsanddata.com/press-release/global-cold-chain-market
The post Cold Chain Market Size, Company Revenue Share, Key Drivers & Trend Analysis, 2020–2026 first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
According to the current analysis of Reports and Data, the global cold chain market was valued at USD 197.2 Billion in 2018 and is expected to reach the value of USD 358.2 Billion by the end of the year 2026, at a CAGR of 7.7%. The cold chain market is considered to be the backbone of the agricultural industry. The cold chain consists of pre-cooling, refrigerated storage, and refrigerated transport of perishable food products. Despite the increasing importance of cold chain processes in food and pharmaceutical industry, the prevalence of cold chain management is still very weak in most of developing countries. Due to expansion in the food industry coupled with initiatives taken by the government to reduce food wastage, cold chain infrastructure has increased extensively in past years. Developing an undisturbed chain of storage and distribution of perishable products is highly crucial in order to help the farmers gain higher value for their produces and ensure safe and quality product delivery to the end-users. The key market players in the market are developing various strategies in order to sustain in the competitive market and increase their market shares like expansion, the launch of new products, partnerships, mergers and acquisitions. For example, in May 2019, Americold, a key player in the cold chain market, acquired Lanier Cold Storage, in order to further expand and strengthen its business in poultry segment. The company is expected to experience extensive growth in the urban areas of developing and developed countries.
Considering factors such as increased customer demand for quality products, increasing in trading of perishable products, rise in disposable income, increase in the middle-class population, rise in demand for frozen products and increase in health concerns and demand for healthy and safe food products are expected to drive the market growth for cold chain processes. Further, development in the distribution channel is expected to increase the market in the coming years.
On the basis of regional perspective, Europe is expected to lead the market in the forecasted period. It reported the value of USD 56,348.2 million in 2018, and is expected to grow at a CAGR of 7.5% to reach the value of USD 100,912 million by the end of the year 2026. Growing demand for consumption of high-quality perishable commodities, and initiative taken by government for the safety of pharmaceutical product in transportation are the driving factors for its growth.
To get a FREE sample copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/2136
Key participants include Americold Logistics LLC, Burris Logistics, Lineage Logistics Holding, LLC, Preferred Freezer Services, Inc., Nichirei Logistics Group Inc, Nordic Logistics and Warehousing LLC, Swift Transportation, Trenton Cold Storage, Interstate Cold Storage Inc, Henningsen Cold Storage Co., and VersaCold Logistics Services.
Segments covered in the report:
For the purpose of this report, Reports and Data has segmented the Cold chain market on the basis of type, temperature type, application type, technology, and region:
Type (Volume in Thousands Unit; Revenue in USD Million; 2016–2026)
- Refrigerated Storage
- Refrigerated Transport
Temperature Type (Volume in Thousands Unit; Revenue in USD Million; 2016–2026)
- Chilled
- Frozen
Application Type (Volume in Thousands Unit; Revenue in USD Million; 2016–2026)
- Dairy and Frozen Desserts
- Meat and Seafood
- Fruits and Vegetables
- Bakery and Confectionery
- Pharmaceutical
- Others
Regional Outlook (Volume in Thousands Unit; Revenue in USD Million; 2016–2026)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
- Brazil
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/2136
Further key findings from the report suggest
- The cold chain market is growing at a CAGR of 5% in the Asia Pacific region, followed by Europe and North America, with 7.5 % and 7.4% CAGR, respectively. Increase in food spoilage coupled with an increase in demand for high-quality perishable products is expected to drive the growth of the cold chain market.
- Europe is the dominating cold chain with the highest market share of around 28.6% of the global market. European regional market is the chief revenue-generating source for this product segment, followed by Asia Pacific and North American regions.
- With an increase in food-borne diseases, people are more concern about the quality and the safety of the food product. Various techniques are deployed in order to test the quality of the frozen food product. For example, gas chromatography is performed on the food product to ensure it meets the quality standards throughout the delivery process.
- Apart from the food industry, cold chain logistics play a crucial role in the pharmaceutical industry. If a particular medicine is kept in a temperature range, that exceeds its ‘safe range’, the medicine will lose its effectiveness and in some cases, jeopardize the health of a patient.
- Cold chain logistics companies are introducing facilities for the consumers to track their package product in every facet of logistic process in order to make this possible; no weak-links in the logistic process must be present to enable maximum satisfaction to the customers.
- Cold-storage service helps in extending the shelf-life of perishable food products by retaining the moisture content in them and thus provide prevention from drying along with delaying the chemical reaction taking place in the food production leading to spoilage of food.
Request for customization of the report @ https://www.reportsanddata.com/request-customization-form/2136
Thank you for reading our report. To know more about the customization feature, please get in touch with us and our team will ensure the report is customized to meet your requirements.
Explore Reports and Data’s Prime Analysis of the global Foods & Beverage
- Oat Milk Market Size, Share & Analysis, By Type, By Distribution Channel And By Region, Forecast To 2027
- Hazelnut Milk Market Size, Share & Analysis, By End-use And By Region, Forecast To 2027
- Hydrocolloids Market Size, Share & Analysis, By Type, By Application And By Region, Forecast To 2028
- Food Amino Acids Market Size, Share & Analysis, By Technology, By Application And By Region, Forecast To 2028
- Anechoic Chamber Market Size, Share & Analysis, By Type, By Distribution Channel, By Region And Forecast To 2027
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
Read Full Press Release: https://www.reportsanddata.com/press-release/global-cold-chain-market
The post Cold Chain Market Size, Company Revenue Share, Key Drivers & Trend Analysis, 2020–2026 first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
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