Cold Chain Logistics Market Share

APAC Market Forecast

The cold chain logistics market in Asia Pacific is projected to be the largest with a share of about 32% by the end of 2037. The growth of the market can be attributed majorly to the increasing demand and production for meat, dairy, and processed food products in several countries, such as Japan, China, and India, which has anticipated the market growth of cold chain logistics in the Asia Pacific region. For instance, India is one of the largest producers of milk, and value-added milk products in the world. In 2021, India produced around 180 million tons of milk. Apart from this, constant research and development activities, as well as an upsurge in the pharmaceutical industry, are further factors that are estimated to accelerate the growth of the market over the forecast period in the region.

North American Market Statistics

The North America cold chain logistics market is estimated to be the second largest, registering a share of about 28% by the end of 2037. The growth of the market can be attributed majorly to the surging penetration of the organized retail sector in the region. For instance, in 2018, the organized retail sector in the United States had a penetration ratio of nearly 87%. Furthermore, there is a higher need for healthcare supply chain management that is expected to drive the market's growth in the region.