The Global Cold Chain Market was valued at USD 187.8 billion in 2016 and is projected to be growing at a CAGR of 7.5%, to grasp a market worth of USD 269.61 billion by 2021.
Hyderabad, India -- (SBWIRE) -- 03/08/2018 -- According to a new market research report " Cold Chain Market By Type (Refrigerated Storage, Transport), Temperature Type (Chilled, Frozen), Technology (Air Blown, Eutectic), Application (Fruits And Vegetables, Bakery And Confectionery, Dairy, Meat, Fish And Seafood) And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)", published by MarketDataForecast, the Cold Chain Market is projected to reach USD 269.61 billion by 2021 from USD 187.8 billion in 2016, at a CAGR of 7.5%. The factors driving the growth of the market are raising demand for the cold chain products and seafood products, and enlargement of food retail chain business by multinational companies. Increasing technological advancements coupled with the innovation of new techniques in transportation and storage and government support for the infrastructure development of the cold chain products are fuelling the demand for market growth. However, huge costs in maintaining the temperature equipment are impeding the growth of the market.
Browse Market Data Tables and Figures spread through 176 Pages and in-depth TOC on "Cold Chain Market"
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On the basis of product and services, the Global Cold Chain Market is classified as application, type, technology, and temperature. On the idea of technology, the Cold Chain Market is categorized as Air-blown and eutectic. Based on the type, the market is bifurcated into Refrigerated Storage and Transport.
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Under the categorization of application, the Cold Chain Market is fragmented into Seafood, Fruits, Confectionary, Meat, Vegetables, Bakery, and Dairy. On the origin of temperature, the market is divided into Frozen and chilled.
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North America is approximate to demand the largest share of the market
Based on the region by Market Data Forecast, the Global Cold Chain Market is segregated into Europe, and Asia-Pacific and the Middle-East and Africa regions, North America. The large share of the Cold Chain Market is accounted by North America. Due to increasing demand for the cold chain products, North America is considered as a developed market and accounts the maximum share of the market. The huge potential growth of the market is shown by the nations like Asia Pacific, South America, and Latin America owing to rise in the consumer demand for the products.
Some of the major firms dominating the Cold Chain Market include Nichirei Logistics Group Inc. (Japan), Swire Cold Storage Ltd (Australia), Americold Logistics (U.S.), Kloosterboer Group (Netherlands), Burris Logistics (U.S.), Cloverleaf Cold Storage (U.S.), Preferred Freezer Services (U.S.), Interstate Cold Storage Inc. (U.S.), Lineage Logistics Holding LLC (U.S.), AGRO Merchants Group, LLC (U.S.).
The scope of the report provides:
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Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter's Five Forces
The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence
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