Cold Chain Market Analysis

Type (Cold Chain Storage & Infrastructure, Refrigerated Transportation)

Refrigerated Transportation segment is projected to dominate over 60% cold chain market share by 2037. The segment growth can be expected because it plays a vital part in preserving the freshness and integrity of perishable commodities while they are in transit which will drive cold chain market. Refrigerated transportation guarantees constant temperature control from point of origin to point of destination, in contrast to warehouses, which primarily serve as storage facilities.

Furthermore, improvements in refrigeration technology have made it possible to remotely monitor and manage temperature precisely, improving product traceability and regulatory compliance. Moreover, through facilitating just-in-time delivery, lowering inventory spoilage, and cutting waste, maximizes supply chain efficiency. Its dominance in the market is further increased by its smooth integration with other means of transportation. In 2019, the size of the global cold chain market was estimated to be USD160.0 billion.

Application (Food & Beverages, Pharmaceuticals)

Food & Beverages segment in the cold chain market is poised to grow at over 18.7% CAGR between 2024 and 2037. it is poised that technological advancements in the processing, packaging, and storage of seafood will accelerate and will lead to the expansion of cold chain market. However, because of ongoing advancements in packaging materials, processed food is expected to rise dramatically throughout the foreseeable years. Foods that are packaged more effectively have longer shelf lives.

Over the past few years, this has led to a surge in processed food sales. Twenty to sixty percent of the energy consumed by an individual each day comes from processed food, which includes packaged bread, baked goods, ready to eat food, and processed cheese products. Additionally, as per the data by CDC; the fast-food statistics 2021 report states that 34% of children between the ages of 2 and 19 eat fast food every day, 23% of adults in the US eat fast food three or more times a week, and 80% of Americans visit a fast-food restaurant at least once a month.

Our in-depth analysis of the cold chain market includes the following segments: