About Food Cold Chain
The cold chain refers to managing the temperature of perishable products in order to maintain quality and safety from the point of origin through the distribution chain to the final consumer. It is widely used to prolong the life of fresh products such as fruit & vegetables, frozen food, and seafood. In recent times, the food cold chain is gaining popularity due to changes in diet and growing demand for fresh fruit and higher value foodstuffs such as meat and fish.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Food Cold Chain market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AmeriCold Logistics (United States), Nichirei Logistics Group (Japan), Lineage Logistics (United States), OOCL Logistics (Hong Kong), Burris Logistics (United States), Kloosterboer (Netherlands), DHL (Germany), X2 Group (Thailand), A.B. Oxford Cold Storage (Australia) and ColdEX (India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are AIT Worldwide Logistics (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Food Cold Chain market by Type (Refrigerators, Cold Boxes and Others), Application (Fruits & Vegetables, Dairy & Frozen Desserts, Meat & Seafood, Bakery & Confectionery and Ready-to-Eat Meal) and Region.
On the basis of geography, the market of Food Cold Chain has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Cooling Systems will boost the Food Cold Chain market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging Innovation and Nascent Cold Chain Technology Will Continue To Shape the Ever-Changing Requirement
Market Growth Drivers:
Increasing Demand of Packaged or Frozen Food Products across the Globe Due to Growing Urbanization and Busy Lifestyle, Increasing Demand of Fresh Fruits & Vegetables Due to Change in Consumers’ Preference and Increased Disposable Income and Purchasing Power of Consumers
Challenges:
Poor Communication between Food Supply Chain Partners and Lack of Honesty
Restraints:
Lack of Transport Infrastructure and Cold Chain Facilities in Some Developing and Underdeveloped Countries
Opportunities:
High Adoption of Ready-to-Eat Meals in Developed Countries Due to Availability of Number of Working Population
Market Leaders and their expansionary development strategies
In October 2018, AIT Worldwide Logistics announced the acquisition of a Los Angeles-based cold chain forwarder WorldFresh Express. The acquisition instantly gives a boost to AIT's robust cold chain capabilities by adding specialized operational knowledge as well as a world-class 13,800 square foot temperature-controlled facility on the west coast of the United States with distinct zones to hold frozen, refrigerated, and fresh foods.
In November 2020, Navi Mumbai-based startup Celcius introduced an aggregator platform to strengthen the cold-chain infrastructure in India. The platform connects clients with cold-chain transportation and warehousing service providers.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Food Cold Chain Service Providers, Food Cold Chain Equipment Manufacturers, Suppliers and Distributors of Food Cold Chain Equipment, Logistics and Supply Chain Businesses, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.