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Cold Chain Market by Type, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 143
  • SKU: IRTNTR45092
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The cold chain market share is expected to increase by USD 256.58 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 16.92%.

This cold chain market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers cold chain market segmentations by type (refrigerated warehouse and refrigerated transportation), application (MFS, dairy and frozen desserts, FVB, bakery and confectionery, and healthcare), and geography (North America, Europe, APAC, South America, and MEA). The cold chain market report also offers information on several market vendors, including Americold Realty Trust, Burris Logistics, Congebec Logistics Inc., Deutsche Post DHL Group, John Swire and Sons Ltd., Kloosterboer, Lineage Logistics Holdings LLC, NewCold Cooperatief UA, Nichirei Corp., and United Parcel Service Inc. among others.

What will the Cold Chain Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Cold Chain Market Size for the Forecast Period and Other Important Statistics

 

Cold Chain Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The use of rfid in cold chain logistics is notably driving the cold chain market growth, although factors such as may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cold chain industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Cold Chain Market Driver

The use of RFID in cold chain logistics is a major factor driving the global cold chain market share growth. Planning and fast decision-making for transport of temperature sensitive products can be supported by the use of standard RFID tracking and tracing. RFID devices are capable of providing more accurate reading when compared with current temperature monitoring systems without opening the package. These RFID derives are placed in cold storage transport vehicles, which helps enterprises to monitor the environment temperature on the go, based on which the temperature inside the vehicle can be controlled and managed efficiently. Moreover, RFID tags collect a wide range of information, including moisture, light, radiation, shock/vibration, and gas concentrations. This data can be analyzed by enterprises to take necessary steps regarding quality control and efficient distribution of products. Therefore, the use of RFID in cold chain logistics tracking and tracing will help enterprises in improving logistics operations and keeping track of the products. This, in turn, will drive the growth of the global cold chain market during the forecast period.        

Key Cold Chain Market Trend

The use of IoT with cold chain is another factor supporting the global cold chain market share growth. IoT is integrated into the cold chain to transform the effectiveness and efficiency of supply chains of products such as fruits, meat, and medicines. By integrating IoT solutions in the cold chain, enterprises can connect flawlessly at every step of their logistics process, thus enabling a cost-effective benefit. IoT helps enterprises to change and monitor temperature settings in the vehicle or warehouse remotely. In addition, IoT technology helps enterprises such as restaurant owners and other food businesses to accurately monitor the temperature of food storage facilities. This, in turn, can help them in ensuring proper food safety procedures. Due to the growing benefits of IoT with the cold chain, some of the enterprises are offering IoT solutions that can be embedded with a cold chain. Due to such reasons, the use of IoT with a cold chain will help in improving the effectiveness and efficiency of supply chains, which, in turn, will lead to an increase in demand for cold chains.

Key Cold Chain Market Challenge

The lack of infrastructure in developing countries will be a major challenge for the global cold chain market share growth during the forecast period. The penetration of the cold chain is low in developing countries, such as India, due to the high fixed cost involved in adopting and maintaining a cold chain. Customers, especially farmers, in these countries do not opt for cold storage, as it increases the cost of their operations, which will result in the high price of their products, such as fruits and vegetables. For instance, the use of cold chains by farmers for better supply chain management increases the prices of products by around one-fourth times, which can impact their profitability. Moreover, the lack of technical knowledge and insufficient transportation facilities act as a bottleneck for the adoption of cold chains among customers in these regions. Due to the lack of technical knowledge among farmers for the implementation of the cold chain, they are unable to store the products and keep them fresh. These factors will make it difficult for customers to access cold chain facilities, which leads to an increase in food wastage. Essentially, such obstacles will hamper the growth of the market during the forecast period.

This cold chain market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Techanvio categorizes the global cold chain market as part of the global air freight and logistics market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the cold chain market during the forecast period.

Who are the Major Cold Chain Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Americold Realty Trust
  • Burris Logistics
  • Congebec Logistics Inc.
  • Deutsche Post DHL Group
  • John Swire and Sons Ltd.
  • Kloosterboer
  • Lineage Logistics Holdings LLC
  • NewCold Cooperatief UA
  • Nichirei Corp.
  • United Parcel Service Inc.

 

This statistical study of the cold chain market encompasses successful business strategies deployed by the key vendors. The cold chain market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Americold Realty Trust- The company offers cold chain through cubic foot cold storage facility.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The cold chain market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Cold Chain Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the cold chain market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global air freight and logistics market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

 

Which are the Key Regions for Cold Chain Market?

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36% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for cold chain market in APAC. Market growth in this region will be faster than the growth of the market in all other regions.

The large presence of both food and healthcare product suppliers and consumers will facilitate the cold chain market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The pandemic has had a positive impact on the cold chain industry, resulting in higher demand for cold chain warehousing. The increasing adoption rate of packaged food and beverage products is a promising prospect for the growth of the cold chain market in the food industry. The COVID-19 outbreak impacted the supply chain of every industry due to restricted trade in 2020, resulting in food manufacturers emphasizing not only food products but also their storage to increase their shelf-life, which is expected to propel the market for cold chain solutions. The outbreak of COVID-19 created a shift toward an organized retail market in an effort to prevent any further virus outbreaks. Consumers have stockpiled processed food products with a long shelf life instead of perishable foods, and restricted trade movements between countries have resulted in surpassing cold chain storage capacities in certain countries. These factors are expected to propel the demand for cold chain solutions during the forecast period.

What are the Revenue-generating Type Segments in the Cold Chain Market?

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The cold chain market share growth by the refrigerated warehouse segment will be significant during the forecast period. As the import and export of temperature-sensitive products are increasing, there is a growing demand for refrigerated warehouses and transportation facilities.

Besides the above-mentioned factors, the post COVID-19 impact has fast tracked the demand for cold chain. This is due to the sudden spike in demand for food products among the consumers due to the stockpiling emotion amidst the lockdowns, which was implemented in most of the countries across the globe in 2020. It resulted in high demand for storage and transportation of the food products, thus positively impacted the global cold chain market. Additionally, the demand for cold chain services has also significantly increased from the healthcare application segment, which has further positively impacted the global cold chain market.This report provides an accurate prediction of the contribution of all the segments to the growth of the cold chain market size and actionable market insights on post COVID-19 impact on each segment.

 

Cold Chain Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 16.92%

Market growth 2021-2025

$ 256.58 billion

Market structure

Fragmented

YoY growth (%)

16.23

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

APAC at 36%

Key consumer countries

US, China, UK, Germany, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Americold Realty Trust, Burris Logistics, Congebec Logistics Inc., Deutsche Post DHL Group, John Swire and Sons Ltd., Kloosterboer, Lineage Logistics Holdings LLC, NewCold Cooperatief UA, Nichirei Corp., and United Parcel Service Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Cold Chain Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive cold chain market growth during the next five years
  • Precise estimation of the cold chain market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the cold chain industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of cold chain market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis - Air freight and logistics market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five Forces Analysis
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 15: Application - Market share 2020-2025 (%)
    • 5.2 Comparison by Application
      • Exhibit 16: Comparison by Application
    • 5.3 MFS - Market size and forecast 2020-2025
      • Exhibit 17: MFS - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 18: MFS - Year-over-year growth 2020-2025 (%)
    • 5.4 Dairy and frozen desserts - Market size and forecast 2020-2025
      • Exhibit 19: Dairy and frozen desserts - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 20: Dairy and frozen desserts - Year-over-year growth 2020-2025 (%)
    • 5.5 FVB - Market size and forecast 2020-2025
      • Exhibit 21: FVB - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 22: FVB - Year-over-year growth 2020-2025 (%)
    • 5.6 Bakery and confectionery - Market size and forecast 2020-2025
      • Exhibit 23: Bakery and confectionery - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 24: Bakery and confectionery - Year-over-year growth 2020-2025 (%)
    • 5.7 Healthcare - Market size and forecast 2020-2025
      • Exhibit 25: Healthcare - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 26: Healthcare - Year-over-year growth 2020-2025 (%)
    • 5.8 Market opportunity by Application
      • Exhibit 27: Market opportunity by Application

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 28: Type - Market share 2020-2025 (%)
    • 6.2 Comparison by Type
      • Exhibit 29: Comparison by Type
    • 6.3 Refrigerated warehouse - Market size and forecast 2020-2025
      • Exhibit 30: Refrigerated warehouse - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 31: Refrigerated warehouse - Year-over-year growth 2020-2025 (%)
    • 6.4 Refrigerated transportation - Market size and forecast 2020-2025
      • Exhibit 32: Refrigerated transportation - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 33: Refrigerated transportation - Year-over-year growth 2020-2025 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 34: Market opportunity by Type

    7 Customer landscape

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 36: Market share by geography 2020-2025 (%)
    • 8.2 Geographic comparison
      • Exhibit 37: Geographic comparison
    • 8.3 North America - Market size and forecast 2020-2025
      • Exhibit 38: North America - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 39: North America - Year-over-year growth 2020-2025 (%)
    • 8.4 Europe - Market size and forecast 2020-2025
      • Exhibit 40: Europe - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 41: Europe - Year-over-year growth 2020-2025 (%)
    • 8.5 APAC - Market size and forecast 2020-2025
      • Exhibit 42: APAC - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 43: APAC - Year-over-year growth 2020-2025 (%)
    • 8.6 South America - Market size and forecast 2020-2025
      • Exhibit 44: South America - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 45: South America - Year-over-year growth 2020-2025 (%)
    • 8.7 MEA - Market size and forecast 2020-2025
      • Exhibit 46: MEA - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 47: MEA - Year-over-year growth 2020-2025 (%)
    • 8.8 Key leading countries
      • Exhibit 48: Key leading countries
    • 8.9 Market opportunity by geography
      • Exhibit 49: Market opportunity by geography

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • Exhibit 51: Impact of drivers and challenges
      • 9.3 Market trends

        10 Vendor Landscape

        • 10.1 Overview
          • 10.2 Vendor landscape
            • Exhibit 52: Vendor landscape
          • 10.3 Landscape disruption
            • Exhibit 53: Landscape disruption
            • Exhibit 54: Industry risks

          11 Vendor Analysis

          • 11.1 Vendors covered
            • Exhibit 55: Vendors covered
          • 11.2 Market positioning of vendors
            • Exhibit 56: Market positioning of vendors
          • 11.3 Americold Realty Trust
            • Exhibit 57: Americold Realty Trust - Overview
            • Exhibit 58: Americold Realty Trust - Business segments
            • Exhibit 59: Americold Realty Trust - Key news
            • Exhibit 60: Americold Realty Trust - Key offerings
            • Exhibit 61: Americold Realty Trust - Segment focus
          • 11.4 Burris Logistics
            • Exhibit 62: Burris Logistics - Overview
            • Exhibit 63: Burris Logistics - Product and service
            • Exhibit 64: Burris Logistics - Key offerings
            • Exhibit 65: Burris Logistics - Segment focus
          • 11.5 Congebec Logistics Inc.
            • Exhibit 66: Congebec Logistics Inc. - Overview
            • Exhibit 67: Congebec Logistics Inc. - Product and service
            • Exhibit 68: Congebec Logistics Inc. - Key offerings
          • 11.6 Deutsche Post DHL Group
            • Exhibit 69: Deutsche Post DHL Group - Overview
            • Exhibit 70: Deutsche Post DHL Group - Business segments
            • Exhibit 71: Deutsche Post DHL Group - Key news
            • Exhibit 72: Deutsche Post DHL Group - Key offerings
            • Exhibit 73: Deutsche Post DHL Group - Segment focus
          • 11.7 John Swire and Sons Ltd.
            • Exhibit 74: John Swire and Sons Ltd. - Overview
            • Exhibit 75: John Swire and Sons Ltd. - Business segments
            • Exhibit 76: John Swire and Sons Ltd. - Key news
            • Exhibit 77: John Swire and Sons Ltd. - Key offerings
            • Exhibit 78: John Swire and Sons Ltd. - Segment focus
          • 11.8 Kloosterboer
            • Exhibit 79: Kloosterboer - Overview
            • Exhibit 80: Kloosterboer - Product and service
            • Exhibit 81: Kloosterboer - Key news
            • Exhibit 82: Kloosterboer - Key offerings
          • 11.9 Lineage Logistics Holdings LLC
            • Exhibit 83: Lineage Logistics Holdings LLC - Overview
            • Exhibit 84: Lineage Logistics Holdings LLC - Product and service
            • Exhibit 85: Lineage Logistics Holdings LLC - Key news
            • Exhibit 86: Lineage Logistics Holdings LLC - Key offerings
          • 11.10 NewCold Cooperatief UA
            • Exhibit 87: NewCold Cooperatief UA - Overview
            • Exhibit 88: NewCold Cooperatief UA - Product and service
            • Exhibit 89: NewCold Cooperatief UA - Key offerings
          • 11.11 Nichirei Corp.
            • Exhibit 90: Nichirei Corp. - Overview
            • Exhibit 91: Nichirei Corp. - Business segments
            • Exhibit 92: Nichirei Corp. - Key offerings
            • Exhibit 93: Nichirei Corp. - Segment focus
          • 11.12 United Parcel Service Inc.
            • Exhibit 94: United Parcel Service Inc. - Overview
            • Exhibit 95: United Parcel Service Inc. - Business segments
            • Exhibit 96: United Parcel Service Inc. - Key offerings
            • Exhibit 97: United Parcel Service Inc. - Segment focus

          12 Appendix

          • 12.1 Scope of the report
            • 12.2 Currency conversion rates for US$
              • Exhibit 98: Currency conversion rates for US$
            • 12.3 Research methodology
              • Exhibit 99: Research Methodology
              • Exhibit 100: Validation techniques employed for market sizing
              • Exhibit 101: Information sources
            • 12.4 List of abbreviations
              • Exhibit 102: List of abbreviations

            Research Framework

            Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

            TechnavioINFORMATION SOURCES

            Primary sources

            • Manufacturers and suppliers
            • Channel partners
            • Industry experts
            • Strategic decision makers

            Secondary sources

            • Industry journals and periodicals
            • Government data
            • Financial reports of key industry players
            • Historical data
            • Press releases
            Technavio

            TechnavioDATA ANALYSIS

            Data Synthesis

            • Collation of data
            • Estimation of key figures
            • Analysis of derived insights

            Data Validation

            • Triangulation with data models
            • Reference against proprietary databases
            • Corroboration with industry experts
            Technavio

            TechnavioREPORT WRITING

            Qualitative

            • Market drivers
            • Market challenges
            • Market trends
            • Five forces analysis

            Quantitative

            • Market size and forecast
            • Market segmentation
            • Geographical insights
            • Competitive landscape
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            The cold chain market market growth will increase by $256.58 billion during 2021-2025.
            The cold chain market market is expected to grow at a CAGR of 16.92% during 2021-2025.
            Technavio has segmented the cold chain market market by type (Refrigerated warehouse and Refrigerated transportation) ,application (Meat, fish, and seafood, Dairy and frozen desserts, Fruits, vegetables, and beverages, Bakery and confectionery, and Healthcare) , and geographic (North America, Europe, APAC, South America, and MEA).
            Americold Realty Trust, Burris Logistics, Congebec Logistics Inc., Deutsche Post DHL Group, John Swire and Sons Ltd., Kloosterboer, Lineage Logistics Holdings LLC, NewCold Cooperatief UA, Nichirei Corp., United Parcel Service Inc. are a few of the key vendors in the cold chain market market.
            APAC will register the highest growth rate of 36.33% among the other regions. Therefore, the cold chain market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
            The key factors driving the cold chain market market growth are:
            • Use of RFID in cold chain logistics
            The cold chain market market vendors should focus on grabbing business opportunities from the refrigerated warehouse segment as it accounted for the largest market share in the base year.
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