Cold Chain Market worth $428.4 billion by 2028 – Exclusive Report by MarketsandMarkets™

GlobeNewsWire
Tuesday, March 21, 2023 at 2:05pm UTC

Chicago, March 21, 2023 (GLOBE NEWSWIRE) -- The Cold Chain Market is estimated at USD 278.2 billion in 2023; it is projected to grow at a CAGR of 9.0% to reach USD 428.4 billion by 2028 according to a new report by MarketsandMarkets™. The pharmaceutical industry is growing rapidly, and many drugs and biologics require cold storage to maintain their efficacy. This has led to an increase in demand for cold chain logistics in the pharmaceutical industry.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=811

Browse in-depth TOC on "Cold Chain Market”

280 – Tables
59 – Figures
328 – Pages

Leading players profiled in this report:

  • Americold Logistics (US)
  • Lineage Logistics Holdings, LLC. (US)
  • Nichirei Corporation (Japan)
  • Burris Logistics (US)
  • A.P. Moller Maersk (Denmark)
  • United States Cold Storage (US)
  • Tippmann Group (US)
  • VersaCold Logistics Services (Canada)

The chilled segment by temperature type is projected to achieve highest CAGR in the global Cold chain market.

The growing urbanization and changing consumer preferences are driving the demand for convenience food, which requires a chilled supply chain. The chilled segment of the cold chain logistics system ensures the quality and freshness of food products, thereby meeting the growing demand for high-quality food products. The chilled segment of the cold chain logistics system is subject to stringent regulations and standards to ensure the quality and safety of food products. Compliance with these regulations is driving the growth of the chilled segment in the cold chain market.ducts, thereby meeting the growing demand for high-quality food products.

The fruits and vegetables by application is projected to attain the fastest market growth in Cold chain market over the forecast period.

The demand for organic fruits and vegetables has been increasing over the years. Cold chain logistics plays a crucial role in maintaining the quality of organic produce during transportation and storage, thereby enabling the supply of high-quality organic produce to meet the growing demand. The fruits and vegetables cold chain market is subject to stringent regulations and standards to ensure the quality and safety of food products. Compliance with these regulations is driving the growth of the fruits and vegetables cold chain market.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=811

Europe accounted for the second highest share of the cold chain market during the forecast period.

The cold chain market in Europe is driven by the increasing demand for frozen and chilled food products, as well as the need for pharmaceuticals, vaccines, and other medical supplies to be kept at specific temperatures during transport and storage. In Europe, France is one of the largest markets for frozen food. The frozen food segment includes frozen ready meals, frozen pizza, fruits & vegetables, seafood, meat, and others. The market for frozen food has grown owing to the advantages offered by frozen convenience food compared to other unhealthy fast foods. French consumers prefer high-quality, good flavor, and less-calorie food & beverages. Thus, market players are developing innovative frozen products with superior quality. According to the CBI Ministry of Foreign Affairs 2022, France is Europe’s second-largest importer of frozen vegetables and the world’s fourth-largest. In 2021, its imports totaled €547 million, accounting for approximately 18% of total EU imports. However, between 2017 and 2021, the volume of French imports fell by 3.2% to 536,341 tons, representing a 1.2% decline in value.

Browse Adjacent Reports @ Food and Beverage Market Research Reports & Consulting

Related Reports:

Refrigerated Transport Market


About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

Primary Logo