Global Cold Chain Market Key Players, Application, Growth Rate, Size, Share and Forecasts to 2028

The cold chain market is anticipated to reach USD 278.2 billion in 2023 and USD 428.4 billion in 2028, growing at a predicted CAGR of 9.0%. The food sector places a lot of emphasis on issues including low food waste, economic and environmental sustainability, and food security and safety. According to FAO 2020, worldwide trends show an average 3% annual growth in loss from 2010 to 2019, with the total amount of food lost globally (including non-perishables) in 2019 reaching an astounding 1.2 billion tonnes, more than three times the continent's annual food production. Globally, both the human population and the demand for food are expanding tremendously simultaneously.

The increase in foods consumption leads to an increase in food production and storage. To overcome this, the demand for refrigerated storage and transportation services has increased globally. A cold chain system is a temperature-controlled supply chain used to maintain a product within a specified low-temperature range from harvest/production until the point of consumption. A cold chain helps extend the shelf-life of perishable products, such as fresh agricultural produce, seafood, and frozen food. Various cold chain companies offer temperature-controlled storage warehouses and transportation services to various food industries to preserve and stock their inventory. These companies offer temperature control ranges based on food products. They have been focusing on maintaining product quality to avoid cross-contamination and damage by regularly auditing and testing the products.

Vehicles with a mass of between 3.5 and 7 tonnes are called LCVs. These light-duty trucks perform well and require little maintenance. Because they maximize cargo space, these trucks are more favored by the food providers. Because the storage space in these vehicles is so limited, it is simpler to regulate the temperature. Moreover, they may raise or lower the temperature more quickly. Also, considerations like the simplicity of finding financing choices are what drives demand for LCV refrigerated trucks.

Many causes, including the increase in demand for convenience meals, shifting dietary tastes, and globalisation of the food supply chains, have contributed to the frozen segment's rapid growth. Due to the need for frozen product logistics and warehousing, the cold chain industry has created freezer trucks, blast freezers, and containers.

Break-up of Primaries

• By Company type: Tier 1: 30%, Tier 2: 30%, Tier 3: 40%
• By Designation: CXOs: 40%, Managers: 25%, and Executives: 35%
• By Region: Europe: 16%, Asia Pacific: 40%, North America: 30%, RoW: 14%

Leading players profiled in this report are 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), Coldman (India), Congebec Inc. (Canada), Conestoga Cold Storage (Canada), NewCold (Netherlands), Confederation Freezers (Canada), Seafrigo (France),Trenton Cold Storage (Canada).

Direct Purchase of the Global Cold Chain Market Research Report at https://www.reportsnreports.com/purchase.aspx?name=221738 

Research Coverage

The cold chain market research report offers a detailed market analysis depending on competitive intensity and how the competition will take shape in the coming years. Also, The information includes qualitative and quantitative research on the global market and in-depth insights and development strategies utilized by the most prominent competitors. The cold chain market report also includes an in-depth analysis of the primary competitors in the market and information regarding the level of competition posed by those competitors. The research also identifies and analyses essential business strategies these primary market participants utilize.