The global cold chain market size was USD 319.46 billion in 2023, calculated at USD 365.78 billion in 2024 and is expected to reach around USD 1,416.67 billion by 2034, expanding at a CAGR of 14.5% from 2024 to 2034.
The global cold chain market size accounted for USD 365.78 billion in 2024 and is expected to reach around USD 1,416.67 billion by 2034, expanding at a CAGR of 14.5% from 2024 to 2034. The North America cold chain market size reached USD 130.98 billion in 2023.
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The U.S. cold chain market size was estimated at USD 91.86 billion in 2023 and is predicted to be worth around USD 416.09 billion by 2034, at a CAGR of 14.7% from 2024 to 2034.
Based on the geographical area, North America is expected to hold the largest revenue share contributing more than 36% in 2023 and is expected to remain in dominant position during the forecast period. The significant growth in this region is due to the presence of major market players continuously involved in developing new technologies to produce an energy efficient cold chain system. Furthermore, the increasing demand for the perishable food products in the North American market contributes significantly towards the growth of the cold chain market.
Asia Pacific region is anticipated to be the fastest growing region owing to the rise in Government investments in order to develop advanced logistics infrastructure. In this region, China is expected to hold a significant share owing to the rise in demand for technological advancements in food processing, packaging and storage of seafoods. Moreover, the development in the pharmaceutical sector in India and China will fuel the growth of the cold chain market in this region.
With the rapid technological advancements, the manufacturers of the temperature sensitive products are now extensively using the cold chain supply system and this is expected to drive the growth of the cold chain market. Furthermore, rise in demand for the temperature sensitive products such as meats, medicines and others across the globe have boosted the growth of the cold chain market.
The trade liberalization, focus on reducing food waste and expansion of retail chain in the market is anticipated to fuel the growth of the cold chain market. Furthermore, the rising disposable income of the consumers and the desire to consume ready to eat food products that needs to be preserved in a temperature-controlled environment is estimated to drive the growth of the cold chain market.
In recent times, there is a shift to protein rich foods in the developing economies and this factor is anticipated to drive the growth of the cold chain market. The surge in demand for refrigerated transportation vehicles in order to transport the perishable food product will contribute significantly in the growth of the cold chain market.
Furthermore, the growing Governments subsidies in order to boost the cold chain market are also a major attribute that will boost the growth of the cold chain market. Moreover, the significant growth of the ecommerce industry that delivers the perishable products is anticipated to fuel the growth of the cold chain market.
Report Coverage | Details |
Market Size in 2023 | USD 317.5 Billion |
Market Size in 2024 | USD 317.5 Billion |
Market Size by 2034 | USD 317.5 Billion |
Growth Rate from 2024 to 2034 | CAGR of 14.3% |
Largest Market | North America |
Fastest Growing Market | Asia Pacific |
Base Year | 2023 |
Forecast Period | 2024 to 2034 |
Segments Covered | Type, Sector, Temperature Type, Packaging, Application, Region |
Regions Covered | Asia Pacific, North America, Europe, Latin America, Middle East and Africa |
On the basis of type, the storage segment is expected to hold the largest revenue share of more than 60% in 2023 and will remain to dominate during the forecast period owing to the surge in demand for ready to eat and frozen foods across the globe. The rapid changing lifestyles of consumers and their dietary patterns are driving the demand for the packaged food products and this attribute is estimated to drive the growth of the cold chain market.
The cold chain systems are very efficient in preserving the temperature sensitive food products. Therefore, the cold chain systems are extensively used in transportation trucks, cold storages, retails shops and others. This factor is anticipated to boost the growth of the cold chain market.
With the rapid technological development, the cold storages are efficiently monitored with the help of remote temperature sensors, RFID devices and others that helps in ensuring the safety, integrity and efficiency of the cold chain systems. This attribute fuels the growth of the cold chain market.
On the basis of sector, the public sector is expected to contribute significantly towards the market growth as these cold storages are operated by the Government in order to preserve the vegetable, medicines and other temperature sensitive products.
The private sector is also estimated to grow significantly during the forecast period owing to the increase in demand of perishable food products such as milk, meat, cheese and others. The rapid growth in the demand for packaged food products across the globe will contribute significantly towards the growth of the cold chain market. Moreover, the continuous research and developmental activities performed by the major market players to develop advanced cold chain systems will remarkably impact the growth of the cold chain market.
On the basis of temperature type, the manufacture of the packaged food products indulges in freezing the food products as this will help to enhance the shelf life of the food products. The freezing process lowers the biological and chemical reaction that prevents the food from getting decayed. The rising disposable income and change in food habits of the consumers leads to the demand for frozen food products and this is anticipated to drive the growth of the cold chain market.
Segments Covered in the Report
By Type
By Sector
By Temperature Type
By Packaging
By Application
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Cold Chain Market
5.1. COVID-19 Landscape: Cold Chain Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Cold Chain Market, By Type
8.1. Cold Chain Market, by Type, 2024-2034
8.1.1. Storage (Warehouses, Reefer Containers)
8.1.1.1. Market Revenue and Forecast (2021-2034)
8.1.2. Monitoring Components (Hardware, Software)
8.1.2.1. Market Revenue and Forecast (2021-2034)
8.1.3. Transportation (Road, Sea, Rail, Air)
8.1.3.1. Market Revenue and Forecast (2021-2034)
Chapter 9. Global Cold Chain Market, By Sector
9.1. Cold Chain Market, by Sector, 2024-2034
9.1.1. Private
9.1.1.1. Market Revenue and Forecast (2021-2034)
9.1.2. Cooperative
9.1.2.1. Market Revenue and Forecast (2021-2034)
9.1.3. Public
9.1.3.1. Market Revenue and Forecast (2021-2034)
Chapter 10. Global Cold Chain Market, By Temperature Type
10.1. Cold Chain Market, by Temperature Type, 2024-2034
10.1.1. Frozen
10.1.1.1. Market Revenue and Forecast (2021-2034)
10.1.2. Chilled
10.1.2.1. Market Revenue and Forecast (2021-2034)
Chapter 11. Global Cold Chain Market, By Packaging
11.1. Cold Chain Market, by Packaging, 2024-2034
11.1.1. Product
11.1.1.1. Market Revenue and Forecast (2021-2034)
11.1.2. Materials (Insulating Materials, Refrigerants)
11.1.2.1. Market Revenue and Forecast (2021-2034)
Chapter 12. Global Cold Chain Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Type (2021-2034)
12.1.2. Market Revenue and Forecast, by Sector (2021-2034)
12.1.3. Market Revenue and Forecast, by Temperature Type (2021-2034)
12.1.4. Market Revenue and Forecast, by Packaging (2021-2034)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Type (2021-2034)
12.1.5.2. Market Revenue and Forecast, by Sector (2021-2034)
12.1.5.3. Market Revenue and Forecast, by Temperature Type (2021-2034)
12.1.5.4. Market Revenue and Forecast, by Packaging (2021-2034)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Type (2021-2034)
12.1.6.2. Market Revenue and Forecast, by Sector (2021-2034)
12.1.6.3. Market Revenue and Forecast, by Temperature Type (2021-2034)
12.1.6.4. Market Revenue and Forecast, by Packaging (2021-2034)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Type (2021-2034)
12.2.2. Market Revenue and Forecast, by Sector (2021-2034)
12.2.3. Market Revenue and Forecast, by Temperature Type (2021-2034)
12.2.4. Market Revenue and Forecast, by Packaging (2021-2034)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Type (2021-2034)
12.2.5.2. Market Revenue and Forecast, by Sector (2021-2034)
12.2.5.3. Market Revenue and Forecast, by Temperature Type (2021-2034)
12.2.5.4. Market Revenue and Forecast, by Packaging (2021-2034)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Type (2021-2034)
12.2.6.2. Market Revenue and Forecast, by Sector (2021-2034)
12.2.6.3. Market Revenue and Forecast, by Temperature Type (2021-2034)
12.2.6.4. Market Revenue and Forecast, by Packaging (2021-2034)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Type (2021-2034)
12.2.7.2. Market Revenue and Forecast, by Sector (2021-2034)
12.2.7.3. Market Revenue and Forecast, by Temperature Type (2021-2034)
12.2.7.4. Market Revenue and Forecast, by Packaging (2021-2034)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Type (2021-2034)
12.2.8.2. Market Revenue and Forecast, by Sector (2021-2034)
12.2.8.3. Market Revenue and Forecast, by Temperature Type (2021-2034)
12.2.8.4. Market Revenue and Forecast, by Packaging (2021-2034)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Type (2021-2034)
12.3.2. Market Revenue and Forecast, by Sector (2021-2034)
12.3.3. Market Revenue and Forecast, by Temperature Type (2021-2034)
12.3.4. Market Revenue and Forecast, by Packaging (2021-2034)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Type (2021-2034)
12.3.5.2. Market Revenue and Forecast, by Sector (2021-2034)
12.3.5.3. Market Revenue and Forecast, by Temperature Type (2021-2034)
12.3.5.4. Market Revenue and Forecast, by Packaging (2021-2034)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Type (2021-2034)
12.3.6.2. Market Revenue and Forecast, by Sector (2021-2034)
12.3.6.3. Market Revenue and Forecast, by Temperature Type (2021-2034)
12.3.6.4. Market Revenue and Forecast, by Packaging (2021-2034)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Type (2021-2034)
12.3.7.2. Market Revenue and Forecast, by Sector (2021-2034)
12.3.7.3. Market Revenue and Forecast, by Temperature Type (2021-2034)
12.3.7.4. Market Revenue and Forecast, by Packaging (2021-2034)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Type (2021-2034)
12.3.8.2. Market Revenue and Forecast, by Sector (2021-2034)
12.3.8.3. Market Revenue and Forecast, by Temperature Type (2021-2034)
12.3.8.4. Market Revenue and Forecast, by Packaging (2021-2034)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Type (2021-2034)
12.4.2. Market Revenue and Forecast, by Sector (2021-2034)
12.4.3. Market Revenue and Forecast, by Temperature Type (2021-2034)
12.4.4. Market Revenue and Forecast, by Packaging (2021-2034)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Type (2021-2034)
12.4.5.2. Market Revenue and Forecast, by Sector (2021-2034)
12.4.5.3. Market Revenue and Forecast, by Temperature Type (2021-2034)
12.4.5.4. Market Revenue and Forecast, by Packaging (2021-2034)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Type (2021-2034)
12.4.6.2. Market Revenue and Forecast, by Sector (2021-2034)
12.4.6.3. Market Revenue and Forecast, by Temperature Type (2021-2034)
12.4.6.4. Market Revenue and Forecast, by Packaging (2021-2034)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Type (2021-2034)
12.4.7.2. Market Revenue and Forecast, by Sector (2021-2034)
12.4.7.3. Market Revenue and Forecast, by Temperature Type (2021-2034)
12.4.7.4. Market Revenue and Forecast, by Packaging (2021-2034)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Type (2021-2034)
12.4.8.2. Market Revenue and Forecast, by Sector (2021-2034)
12.4.8.3. Market Revenue and Forecast, by Temperature Type (2021-2034)
12.4.8.4. Market Revenue and Forecast, by Packaging (2021-2034)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Type (2021-2034)
12.5.2. Market Revenue and Forecast, by Sector (2021-2034)
12.5.3. Market Revenue and Forecast, by Temperature Type (2021-2034)
12.5.4. Market Revenue and Forecast, by Packaging (2021-2034)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Type (2021-2034)
12.5.5.2. Market Revenue and Forecast, by Sector (2021-2034)
12.5.5.3. Market Revenue and Forecast, by Temperature Type (2021-2034)
12.5.5.4. Market Revenue and Forecast, by Packaging (2021-2034)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Type (2021-2034)
12.5.6.2. Market Revenue and Forecast, by Sector (2021-2034)
12.5.6.3. Market Revenue and Forecast, by Temperature Type (2021-2034)
12.5.6.4. Market Revenue and Forecast, by Packaging (2021-2034)
Chapter 13. Company Profiles
13.1. Agro Merchant Group
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Nordic Logistics and Warehousing LLC
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Preferred Freezer Services LLC
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Cold Chain Technologies Inc.
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Cryopack Industries Inc.
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Creopack
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Cold Box Express Inc.
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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