About Cold Chain Logistics
Cold chain logistics refers to the continuous procedure of refrigerated production, storage and distribution activities with preferred low-temperature range. Cold storage is used to extend and preserve shelf life of products. Increasing applications in healthcare and pharmaceutical industry and growing organized retail sector are the key factors driving the cold storage logistics market. Further, market leaders are focusing on developing RFID logistic management technique for smooth operational process expected to drive the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 15.72% |
Numerous players are present in the market hence fragmented nature of the market. Market leaders are focusing on investments, technological developments, new service launches, acquisitions and expansions across the globe to gain a competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Cold Chain Logistics market throughout the forecasted period. Established and emerging Players 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), Preferred Freezer Services (United States), Burris Logistics (United States), Lineage Logistics (United States), Nichirei Logistics (Japan), Swire Cold Storage (Australia), Agro Merchants Group (United States), Kloosterboer Group B.V. (Netherlands), Interstate Cold Storage, Inc. (United States), Versacold International Corporation (Canada) and Congebec Logistics, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Cloverleaf Cold Storage (United States), Henningsen Cold Storage Company (United States), Nordic Logistics and Warehousing, LLC (United States), Conestoga Cold Storage (Canada) and United States Cold Storage, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Cold Chain Logistics market by Type (Refrigerated Storage and Cold Chain Logistics), Application (Fruits and Vegetables, Bakery & Confectionary, Dairy & Frozen Desserts, Meat, Fish & Sea Food, Drugs & Pharmaceuticals and Others) and Region.
On the basis of geography, the market of Cold Chain Logistics 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 Technology, the sub-segment i.e. Blast Freezing will boost the Cold Chain Logistics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Temperature Type , the sub-segment i.e. Chilled will boost the Cold Chain Logistics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Popularity of Perishable Foods among Consumers and Increasing Demand for Convenience Food among Millennials
Market Growth Drivers:
Emergence of Refrigerated Warehouses among Organized Retail and Growing Demand for Processed Food Sector
Challenges:
Lack of Trained Resources and Infrastructural Support in Developing Market
Restraints:
High Operational Cost Associated with Cold Chain Logistics and Environmental Concerns about Greenhouse Gas Emissions
Opportunities:
Emergence of RFID Logistic Management Technique with Cold Chain Monitoring and Expansion of Food Retail Chains and Organized Retail Sector
Market Leaders and their expansionary development strategies
In September 2023, Emergent Cold Logistics acquired Nordic Storage, a leading provider of temperature-controlled warehousing and logistics services in Scandinavia.
In February 2023, Daikin announced its "Environmental Vision 2050", aiming to achieve carbon neutrality by 2050 across its entire value chain, including its cold chain solutions. This signifies their commitment to sustainable cold chain technologies.
Key Target Audience
Warehouse Owners, Refrigerated Storage Owners, Cold Chain Equipment Manufacturers & Suppliers, Refrigeration Solutions Providers, Food Processing Businesses, Seafood Companies, Livestock Producers, Logistics Service Providers, Warehousing Agents, Government Agencies and Non-Governmental Organizations, The International Association of Refrigerated Warehouse (IARW) and Global Cold Chain Alliance (GCCA)
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.