Cold Chain Market Expected to Reach 234.49 Billion USD by 2020
The cold chain market is estimated to be valued at USD 167.24 Billion in 2015, and is projected to reach USD 234.49 Billion by 2020. It is projected to grow at a CAGR of 7.0% from 2015 to 2020.
Pune, India -- (SBWire) -- 03/29/2016 --The report "Cold Chain Market by Type (Refrigerated Storage, Transport), Temperature Range (Chilled, Frozen), Technology (Air Blown, Eutectic), Application (Fruits & Vegetables, Bakery & Confectionery, Dairy, Meat, Fish & Seafood) & Region - Global Forecast to 2020", is estimated to be valued at USD 167.24 Billion in 2015, and is projected to grow at a CAGR of 7.0% from 2015 to 2020, to reach a value of USD 234.49 Billion. The cold chain in the food & beverages industry has been in demand owing to the growth in international trade for perishable food products, changing consumer preferences, and government initiatives for cold chain infrastructure development. Cold chain service providers focus on adopting new technologies to cater to the increasing demand for food safety in processed and convenience foods. Hence, cold chain will be viewed as a business opportunity in the next five years. As a result, many multinational players have entered into providing cold chain solutions.
Browse 86 tables and 66 figures spread through 174 Pages and in-depth TOC on "Cold Chain Market Region - Global Forecast to 2020"
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On the basis of application, the meat, fish & seafood segment is projected to dominate the cold chain market
The meat, fish & seafood segment has been estimated to lead the market in terms of value. The fruits & vegetables application segment of the global cold chain market is expected to grow at comparatively higher CAGR due to the rise in awareness of health products.
Frozen products are the most-widely consumed type of products
In 2014, the frozen segment accounted for the largest share in the cold chain market in terms of value. However, the chilled segment is projected to grow at comparatively higher CAGR due to the increasing demand for low temperatures at the time of storage, handling, distribution, retail display, and consumer storage.
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Increasing health-consciousness among the consumers in developed and developing countries to boost the cold chain market
Countries in the Asia-Pacific, Latin American, and the Middle East regions are prospering in terms of the increasing usage of cold chain in the food industry. The rising population levels have also led to the rise in demand for processed and convenience foods, which is in turn driving the market for cold chain of perishable food products.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Americold Logistics, LLC (U.S.), Preferred Freezer Services (U.S.), Burris Logistics (U.S.), Lineage Logistics Holdings, LLC (U.S.), and Nichirei Logistics Group Inc. (Japan).
The report covers cold chain based on its types, their application in the food industry, technology, and their temperature range in different food products. In terms of insights, this research report has focused on various levels of analyses—industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the global cold chain market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.
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