Cold Chain Market Segmented By Type (Storage, Monitoring Components, and Transportation), By Application (Fruits and Vegetables, Dairy Products, Meat and Seafood, Pharmaceuticals, and Other), By Temperature Type (Frozen, and Chilled), and By Region (North America, Asia Pacific, Latin America, Europe, Middle East and Africa, and rest of the world) – Key Market Insights on Industry Size, Share, Trends, Demand, Growth, Competitive Landscape Analysis, Company Profiles, and Impact of COVID-19 on the Global Market 2021-2026
Cold Chain Market Size Overview:
Cold Chain Market Size was valued at USD 199 billion in 2021, and it is projected to reach USD 294 billion by the end of the year 2026, and growth at a CAGR of 7.7% during the forecast period 2021-2026. The cold chain is distinct as the technology required to keep a product in an exact low-temperature array from production/ harvest to feeding. Cold Chain components should be made to have the temperature in the chosen range and elude heat variations
Regional and Country Share Analysis of the Cold Chain Market::
North American Cold Chain Market Share:
North American cold chain market forecast to collect the uppermost growth rate during the forecast period 2021-2026. The key elements driving the United States cold chain market are strict government controlling situations, the accessibility of expert employees, the convenience of structure, and the augmented demand for packaged food. Canada cold chain market projected to develop considerably over the projected period. The major factors driving the Canada regional market are the leading fishing places and decreased power costs. Mexico’s cold chain market is imaginary to grow during the expected period for the reason of the increase in capital in the addition of logistics infrastructure and the diffusion of the warehouse management structure.
In the Latin America region Brazil Cold Chain Market is one of the Key Country:
Brazil is one of the major industries in this region monitored by Argentina, Mexico, and Columbia.
Europe Cold Chain Market Share:
Europe Cold Chain Market will remain to lead the global cold chain market as its huge customer base raises over the forecast period and it will be projected to increase local demand over the forecast period. The United Kingdom cold chain market is the uppermost market in Europe’s cold chain market. The huge food and beverage industry remains to control the global cold chain market. In current years, the emergence of frozen pharmaceutical transport logistics companies of several sizes has attained exponential growth in the healthcare (pharmaceutical) industry. The speedy demand and progress of cold chain structure have completed the German Cold Chain market. Improvements in the healthcare (pharmaceutical) sector projected to upsurge demand in the Spain Cold Chain market. The regional enlargement of biopharmaceuticals is probable to drive the France Cold Chain market growth.
Asia Pacific Cold Chain Market Share:
Asia Pacific Cold Chain market is another utmost profitable market for the Cold Chain market growth and is probable to develop with the maximum CAGR of 10.1% over the forecast period.
Middle East and Africa Cold Chain Market:
In the Middle East region, Turkey and Qatar grasp the leading share in the Middle East region, exceeding Saudi Arabia. In the African region, South Africa accounts for the noticeable share of the regional market, which is probable to grow in the next coming years.
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Cold Chain Market Segmentation:
Global Cold Chain Market segmented as By Type, By Application, and By Temperature Type. Depending on Type, the market is sub-divided into Storage, Monitoring Components, and Transportation. Depending on Application, the market is sub-classified into Fruits and Vegetables, Dairy Products, Meat and Seafood, Pharmaceuticals, and Others. And Based on Temperature Type into Frozen, and Chilled.
Geographical Segmentation of the Global Market:
Geographically the global Cold Chain Market classified into North America into the USA, Canada. By Latin America into Brazil, Argentina, Mexico. By Europe into UK, Germany, Spain, France, London, Italy, and rest of the European countries. The Middle East and Africa into KSA, UAE, Qatar, & South Africa. The Asia Pacific into India, China, Japan, Malaysia, Singapore, Australia, and the Rest of the APAC countries.
Cold Chain Market Growth:
Fluctuations in customer behavior, the development of e-commerce, and the innovation of technology are significant aspects driving the Europe Cold Chain market. Growing demand for freezing in the healthcare (pharmaceutical) industry and food & beverage industries will drive the growth Europe Cold Chain market over the forecast period 2021-2026.
Problems allied to environmental concerns associated with greenhouse gas releases are projected to be a task to the Europe Cold Chain market. Reduced product packing excellence in the manufacturing business will harm the product over transport and decrease the shelf life.
Major Key Players Covered in the Global Cold Chain Market Report:
According to the research report, the major key companies are profiled in the global market report are; AGRO Merchant, Lineage Logistics, Priority Freezer, Henningsen, ITC Ltd, Burris Logistics, Americold Logistics, Kloosterboer, Nichirei Logistics, Weekly Warehouse, VersaCold Logistics, and Swire Refrigeration.
- Monitoring Components
- Fruits and Vegetables
- Dairy Products
- Meat and Seafood
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
- Rest of the World
Top Leading Companies:
- AGRO Merchant
- Lineage Logistics
- Priority Freezer
- Burris Logistics
- Americold Logistics
- Nichirei Logistics
- Weekly Warehouse
- VersaCold Logistics
- Swire Refrigeration
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