The Global Cold Chain Market was valued at $175.59 Billion in 2018 and is forecast to grow at a modest 16.1 % CAGR between 2018 and 2025, culminating in 2026 global sales of $450.60 Billion.
A cold chainis a temperature-maintained supply chain which controls the required temperature in acontinuous series ofstorage, refrigerated production,and distribution activities, along with related equipment and logistics with a low-temperature range. Due to the increasing of Perishable product, their transportation, and their storage is expected to move the market demand over the forecast period.Advanced Technology in packaging, processing, and storage of seafood products are anticipated to initiatemarketgrowth in the coming future. The country like China having 10 million Tonnes of cold storage capacity with 50,000 refrigerated trucks but due to the lack of cold chain equipment and poor harvesting process, they lost their 30% agriculture per years. Rising the demand of food safety regulations, like the Food Safety Modernization Act that involves increased attention in the direction of construction of cold storage warehouse, is knocked to benefit the market.Growing demand forfast delivery supplies and perishable products connected with the e-commerce-based food and beverages distribution market provide a substantial boost to cold chain procedures. This is a distinctmove from the earlier movement of customers buying processed foods that needed a longer lifespan.
“Optimal Price Point (OPP) for Global Cold Chain Market”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On average, in the China Global Cold Chain Market materials are available at USD xxx- USD xxxx. However, high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Global Cold Chain Market by “Key Type”
We have segmented the Global Cold Chain Market based on KeyType as Transportation, Monitoring Components, Storage.
We have observed that the rapid growth of Cold Chain Market followed by Storage Segment having the largest market share over the forecast period. This segment is attributed to packaging food, dietary pattern and lifestyle of customers in the direction of frozen food. This is anticipated to propel the market growth for a food storage solution in the near future.
We have also observed the fastest growth ofCold Chain Market followed bythe Transportation segment with a healthy CAGRin the market. The increase of Connected refrigerated trucks, insulated truck,and high-cube refrigerated trailers is projected to move this segment over the forecast period.
Global Cold Chain Market by “Equipment”
We have segmented the Global Cold Chain Market based on Equipment are Storage equipment, Transportation equipment.
We have observed that Cold Chain Market dominated worldwide by Storage equipment segment in the market. Because this segment playing a major role in the refrigerated storage industry for consumer awareness such as quality and effective use of the product, like a deep freezer, vaccine carriers, and refrigerator.
Again, this segment categorized into two parts one is on-grid and another is off-grid.The demand for off-grid storage equipment is used to avoid food losses post-harvesting and processing in Development Areas.
Global Cold Chain Market by “Application”
We have segmented the Global Cold Chain Market based on Equipment are Dairy products, Pharmaceuticals, Bakery & confectionary, Processed food, Fish, meat, and seafood, Fruits & vegetables, Fruit pulp &concentrates Others.
We have noticed that the rapid growth of cold chain market followed by Processed food segment having the fastest growth over the forecast period. It helps to modernize and customize the food packaging process and provide a better and safety food trend to the consumer.
We also observed that the significant growth of the cold chain market followed by the Pharmaceuticals segment with a healthy share over the forecast period. These guidelines change the validation in governments diagonally the world in the direction of standardizing regulations universally for better transportation systems for healthcare-related products.
North America and Asia Pacific accounted for the maximum revenue share of over xx% in 2018 due to increased demand of Global Cold Chain Market materials followed by EU- Top 5 countries contribute $X.6 Billion in 2018 and expected to reach $x.5 Billion by 2026.
The rapid growth of Food supplies and availability of Global Cold Chain Market materials option create an impact in developing countries for the demand for packaging, processing, and storage of seafood.
“Competitive Landscape” and “Merger& Acquisition Insights”
The key market participants include Americold Logistics LLC,Al Rai Logistica K.S.C, Burris Logistics, Inc. Lineage Logistics, Agro Merchants Group LLC, Swire Group, Berlinger & Co. AG,and Henningsen Cold Chain Company are a few major players in Global Cold Chain Markets. TheGlobal Cold Chain Market is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Global Cold Chain Market by Key Type(Revenue, Million, 2018 – 2026)
- Monitoring Components
Global Cold Chain Market by Equipment(Revenue, Million, 2018 – 2026)
- Storage equipment
- Transportation equipment
Global Cold Chain Market by Application (Revenue, Million, 2018 – 2026)
- Dairy products
- Bakery & confectionary
- Processed food
- Meat and seafood
- Fruits & vegetables
- Fruit pulp & concentrates
Global Cold Chain Market Regional Outlook (Revenue, USD Million, 2018-2026)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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