Cold Chain Market Growth by Application, Type, and Geography - Forecast and Analysis 2023-2027

  • Published: Mar 2023
  • Pages: 174
  • SKU: IRTNTR45092

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Cold Chain market growth will increase by $358.49 billion during 2023-2027.
The cold chain market is expected to grow at a CAGR of 17.43% during 2023-2027.
Technavio has segmented the cold chain market by application (Meat fish and seafood, Fruits vegetables and beverages, Dairy and frozen desserts, Bakery and confectionery, and Healthcare) ,type (Refrigerated warehouse, Refrigerated transportation, FVB, bakery and confectionery,, and healthcare) , and geography (North America, APAC, Europe, South America, and Middle East and Africa).
Americold Realty Trust Inc., Burris Logistics Co., Cold Chain Technologies, Commercial Cold Storage Group Ltd., Congebec Logistics Inc., Crystal Logistic Cool Chain Ltd., Deutsche Post AG, FedEx Corp., John Swire and Sons Ltd., Kuehne Nagel Management AG, Lineage Logistics Holdings LLC, NewCold Cooperatief UA, Nichirei Corp., Snowman Logistics Ltd., Tippmann Group, United Parcel Service Inc., VersaCold Logistics Services, Wabash Valley Cold Storage, WH Group Ltd., Frialsa Frigorificos SA de CV are a few of the key vendors in the cold chain market.
APAC will register the highest growth rate of 32.39% among the other regions. Therefore, the cold chain 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 growth are:
  • Use of RFID in cold chain logistics
  • Growing number of M and A activities
The cold chain market vendors should focus on grabbing business opportunities from the Meat fish and seafood segment as it accounted for the largest market share in the base year.
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