According to a new market report published by Lucintel, the future of the global cold chain market looks promising with opportunities in dairy & frozen desserts, fish, meat & seafood products, bakery & confectionary products, fruits & vegetables, and others. The global cold chain market is expected to grow with a CAGR of 7%-9% from 2021 to 2026. The major drivers for this market are growing demand for organized retail, increasing awareness of cold chain among consumers, and increase in economic power.
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In this market, frozen and chilled are the major temperature types of cold chain. On the basis of comprehensive research, Lucintel forecasts that frozen will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to changes in consumer patterns and lifestyles. It helps in slowing down the biological and chemical reactions that promote food spoilage and limit the shelf-life, and it also depends upon the type of food materials, the use of pre-treatments, the choice of freezer & frozen storage options, and the use of appropriate packaging.
Within the global cold chain market, the dairy & frozen dessert segment is expected to witness the highest growth over the forecast period due to increasing economic growth, rapid urbanization, and maintenance of lower temperature.
APAC is expected to remain the largest market and witness the highest growth over the forecast period due to increasing government investments in logistics infrastructure development and penetration of warehouses management systems.
Emerging trends, which have a direct impact on the dynamics of the industry, include development of retail channels and chains, expansion of operations in international trade, and advancement of new technologies. Americold Logistics LLC, Al Rai Logistica K.S.C, Burris Logistics, Inc., Lineage Logistics, Berlinger & Co. AG, Swire Regrigeration, VersaCold Logistics, ServicesAgro Merchants Group, and Henningsen Cold Chain Company are among the major suppliers of the cold chain market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global cold chain market by type, temperature type, application, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Cold Chain Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global cold chain market by type, temperature type, application, and region, as follows:
By Type [Value ($ Million) from 2015 to 2026]:
Storage
Transportation
Monitoring Components
By Temperature Type [Value ($ Million) from 2015 to 2026]:
By Application [Value ($ Million) from 2015 to 2026]:
Dairy & Frozen Desserts
Fish, Meat, and Seafood Products
Bakery & Confectionery Products
Fruits & Vegetables
Others
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers Market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.