Cold Chain Market Synopsis

Cold Chain Market Size is Valued at USD 322.19 Billion in 2023 and is Projected to Reach USD 1286.98 Billion by 2032, Growing at a CAGR of 18.90% From 2024-2032.

Cold Chain Market can hence be defined as the supply chain consisting of the facilities and the logistics employed in the transport of temperature sensitive products throughout their storage and distribution. It comprises refrigerated warehousing and refrigerated vehicle movement for items like food, drugs, and chemicals which should be stored within a certain temperature limit. A part of the market also sustains other sectors such as agriculture, health and food manufacturing business by ensuring food items do not spoil or lose its quality when it is being transported from the points of production to points of consumption.

• The global cold chain market is mainly rise in the food and pharmaceutical industry due to the growing need for perishable products. Increasing demand for fresh and frozen products mainly driven by the steady rise in consumers’ dietary needs regarding fresh and frozen foods coupled by enhancement in the refrigeration technologies are the factors that are driving the market. Also, change in food standards and containment of pharmaceutical products is forcing organizations into seeking better ways of practicing cold chain logistics to ensure the quality and sanctity of products supplied throughout the chain are preserved. 

• In addition to this, increasing international trade of perishable goods, increasing medical costs, and the importance of longer shelf life of products are the other factors driving the market. Advancements in the cold chain facilities such as automation, IoT gadgets used to monitor cold chain facilities are greater and are creating cost-effectiveness to those involved. Thus, growth and development in the emerging economies and enhancement of the infrastructural and transportation sectors will open up large opportunities in the cold chain market especially in the urbanization and industrialization areas. All these factors combine to propel the footing of the growth path of the global cold chain market into a dynamic zone.

Cold Chain Market Trend Analysis

Preserving Perishables, Key Trends Shaping the Cold Chain Market

• The Global Cold Chain Market is on an upward trajectory, mainly due to the increasing need for temperature-sensitive products in the end-user industries like food and pharmaceuticals. Promising growth catalysts for the market include the growing liberalisation of international markets and shifting consumers’ inclinations toward fresh and frozen foods. In addition, the evaluation criteria followed in transporting and storing foods and pharmaceuticals due to health-related rules are also enhancing the use of sophisticated cold chain technologies. New developments such as IoT for monitoring of the conditions of the products and for data analysis regarding the functioning of the refrigeration systems are always improving the overall functioning of cold chain logistics. 

• Also, the sector of pharmaceuticals is having an increased rate of cold chain logistics because of the increasing use of biopharmaceutical products and the vaccines that have stringent temperature regulatory requirements during their distribution process. The provision of market expansion comes from economies in the Asia-Pacific and Latin America as a result of urbanization, shift in diet, and improved health care spending. However, such hurdles as having high operational costs and territorial hurdles that may limit the development of infrastructure in developing countries are possible threats to the market. Therefore, the Cold Chain Market is set for further growth since the supply chain industries continue to require quality assurances and regulatory measures in the transportation of sensitive products in various regions.

Cold Chain Market Outlook,Trends and Opportunities Ahead

• The cold chain market offers immense opportunities by the growing international trade of perishable products, rising consumption of fresh and frozen food products, and intensified regulatory conformity for pharmaceutical and health care products. Some of these factors include development of technology, again in the area of refrigeration and better technology such as automation and use of internet of things in monitoring the temperatures. In addition, increase in the consciousness level of the consumers about the food safety and quality especially in the developing countries is boosting the demand for cold chain logistics services.

•  Thus, the pharma market is demonstrating steady expansion in the cold chain logistics owing to the growing demand for transporting temperature-sensitive products, including drugs and vaccines, around the world. As the COVID-19 vaccination campaign is gaining pace in different countries, more attention is paid to the protection of shipments of temperature-sensitive goods. This has led to growth in investments on cold chain infrastructure and services and giving new ideas to the stakeholders in refrigerated storage, transport and in temperature regulation technologies. Thus, the cold chain market can be expected to increase its development with the help of technological advancements, the adoption of proper regulation, and the increasing consumer demand for different industries.

Cold Chain Market Segment Analysis:

Cold Chain Market Segmented on the basis of type, Temperature Type, and Application.

By Type, Refrigerated Storage segment is expected to dominate the market during the forecast period

• The cold chain market encompasses two primary segments: basically, it may involve refrigerated storage and refrigerated transport. Refrigerated storage entails the preservation of perishable goods by storing them at a set standard temperature in godowns and other forms of store-houses to preserve the qualities of products like fruits and vegetables, dairy products, and even drugs.

• On the other hand, refrigerated transport emphasizes on the temperature management during the transportation of the merchandise so that its quality is preserved right from the time of its production to the time it gets delivered to the consumers. These segments are highly relevant to address the rising global demand for fresh or frozen foods and pharmaceutical or other temperature-sensitive products resulting from development in the technology for refrigeration and expansion in the regulatory measures for food and products’ quality and safety.

By Application, Fruits & Vegetables segment held the largest share in 2024

• Cold chain market is used in fruits and vegetables, dairy and frozen dairy products, fish and meat & sea food, bakery and confectionery products, pharmaceutical products & other temperature sensitive products. These include cold chain logistics for each of the applications to retain the right temperature for storage as well as during transportation so as to uphold the qualities of the food, safety, and regulatory measures in the process. Cold chain solutions are on the rise due to factors such as; globalization, consumers’ expectations towards quality and safety, regulatory measures in various fields such as health and food industry. These numerous uses explain the importance of the cold chain in the global supply chain of perishable and sensitive goods.

Cold Chain Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

• North America is a highly prospects and developed Cold Chain Market due to the regulations and rising demand for the perishable products. The transportation of foods and pharmaceutical products, which require proper cooling entails adequate resources of cold storage and transportation in this region. The major stakeholders in the system constantly place their efforts and capital in modern technologies such as optimum rearing facilities and modern temperature controls with reference to the refrigerator system to conserve the quality of the final products. 

• Currently, the North America cold chain market primarily features the United States, with a to- date refrigerated warehouse and transportation network in place. Canada also plays a role especially in the transportation of seafood and merchandised agriculture products. The market is primarily to form alliances between logistics service providers, cold chain operators and food processors to adapt to supply chains and develop new and diverse product profiles to match the customers’ needs for fresh/frozen processed foods. Secondly, growth in international markets for convenience foods and pharmaceuticals contributes to the market growth and thus, an innovation in cold-chain logistics to preserve product quality from farm to consumer.

Active Key Players in the Cold Chain Market

• Americold Logistics, Inc. (United States)
• LINEAGE LOGISTICS HOLDING, LLC (United States)
• United States Cold Storage (United States)
• Burris Logistics (United States)
• Wabash National Corporation (United States)
• NewCold (Netherlands)
• Sonoco ThermoSafe (Sonoco Products Company) (United States)
• United Parcel Service of America, Inc. (United States)
• A.P. Moller - Maersk (Denmark)
• NICHIREI CORPORATION (Japan)
• Tippmann Group (United States), Others

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Cold Chain Market by Type
 4.1 Cold Chain Market Snapshot and Growth Engine
 4.2 Cold Chain Market Overview
 4.3 Pre-analytical Automated Systems
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Pre-analytical Automated Systems: Geographic Segmentation Analysis
 4.4 Post-analytical Automated Systems
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Post-analytical Automated Systems: Geographic Segmentation Analysis
 4.5 Total Lab Automation Systems
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Total Lab Automation Systems: Geographic Segmentation Analysis

Chapter 5: Cold Chain Market by Application
 5.1 Cold Chain Market Snapshot and Growth Engine
 5.2 Cold Chain Market Overview
 5.3 Biotechnology and Pharmaceutical Companies
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Biotechnology and Pharmaceutical Companies: Geographic Segmentation Analysis
 5.4 Hospitals and Diagnostic Laboratories
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Hospitals and Diagnostic Laboratories: Geographic Segmentation Analysis
 5.5 Research and Academic Institutes
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Research and Academic Institutes: Geographic Segmentation Analysis

Chapter 6: Company Profiles and Competitive Analysis
 6.1 Competitive Landscape
  6.1.1 Competitive Benchmarking
  6.1.2 Cold Chain Market Share by Manufacturer (2023)
  6.1.3 Industry BCG Matrix
  6.1.4 Heat Map Analysis
  6.1.5 Mergers and Acquisitions
  
 6.2 AMERICOLD LOGISTICS INC (UNITED STATES)
  6.2.1 Company Overview
  6.2.2 Key Executives
  6.2.3 Company Snapshot
  6.2.4 Role of the Company in the Market
  6.2.5 Sustainability and Social Responsibility
  6.2.6 Operating Business Segments
  6.2.7 Product Portfolio
  6.2.8 Business Performance
  6.2.9 Key Strategic Moves and Recent Developments
  6.2.10 SWOT Analysis
 6.3 LINEAGE LOGISTICS HOLDING LLC (UNITED STATES)
 6.4 UNITED STATES COLD STORAGE (UNITED STATES)
 6.5 BURRIS LOGISTICS (UNITED STATES)
 6.6 WABASH NATIONAL CORPORATION (UNITED STATES)
 6.7 NEWCOLD (NETHERLANDS)
 6.8 SONOCO THERMOSAFE (SONOCO PRODUCTS COMPANY) (UNITED STATES)
 6.9 UNITED PARCEL SERVICE OF AMERICA INC (UNITED STATES)
 6.10 A.P MOLLER - MAERSK (DENMARK)
 6.11 NICHIREI CORPORATION (JAPAN)
 6.12 TIPPMANN GROUP (UNITED STATES)
 6.13 OTHERS

Chapter 7: Global Cold Chain Market By Region
 7.1 Overview
 7.2. North America Cold Chain Market
  7.2.1 Key Market Trends, Growth Factors and Opportunities
  7.2.2 Top Key Companies
  7.2.3 Historic and Forecasted Market Size by Segments
  7.2.4 Historic and Forecasted Market Size By Type
   7.2.4.1 Pre-analytical Automated Systems
   7.2.4.2 Post-analytical Automated Systems
   7.2.4.3 Total Lab Automation Systems
  7.2.5 Historic and Forecasted Market Size By Application
   7.2.5.1 Biotechnology and Pharmaceutical Companies
   7.2.5.2 Hospitals and Diagnostic Laboratories
   7.2.5.3 Research and Academic Institutes
  7.2.6 Historic and Forecast Market Size by Country
   7.2.6.1 US
   7.2.6.2 Canada
   7.2.6.3 Mexico
 7.3. Eastern Europe Cold Chain Market
  7.3.1 Key Market Trends, Growth Factors and Opportunities
  7.3.2 Top Key Companies
  7.3.3 Historic and Forecasted Market Size by Segments
  7.3.4 Historic and Forecasted Market Size By Type
   7.3.4.1 Pre-analytical Automated Systems
   7.3.4.2 Post-analytical Automated Systems
   7.3.4.3 Total Lab Automation Systems
  7.3.5 Historic and Forecasted Market Size By Application
   7.3.5.1 Biotechnology and Pharmaceutical Companies
   7.3.5.2 Hospitals and Diagnostic Laboratories
   7.3.5.3 Research and Academic Institutes
  7.3.6 Historic and Forecast Market Size by Country
   7.3.6.1 Bulgaria
   7.3.6.2 The Czech Republic
   7.3.6.3 Hungary
   7.3.6.4 Poland
   7.3.6.5 Romania
   7.3.6.6 Rest of Eastern Europe
 7.4. Western Europe Cold Chain Market
  7.4.1 Key Market Trends, Growth Factors and Opportunities
  7.4.2 Top Key Companies
  7.4.3 Historic and Forecasted Market Size by Segments
  7.4.4 Historic and Forecasted Market Size By Type
   7.4.4.1 Pre-analytical Automated Systems
   7.4.4.2 Post-analytical Automated Systems
   7.4.4.3 Total Lab Automation Systems
  7.4.5 Historic and Forecasted Market Size By Application
   7.4.5.1 Biotechnology and Pharmaceutical Companies
   7.4.5.2 Hospitals and Diagnostic Laboratories
   7.4.5.3 Research and Academic Institutes
  7.4.6 Historic and Forecast Market Size by Country
   7.4.6.1 Germany
   7.4.6.2 UK
   7.4.6.3 France
   7.4.6.4 Netherlands
   7.4.6.5 Italy
   7.4.6.6 Russia
   7.4.6.7 Spain
   7.4.6.8 Rest of Western Europe
 7.5. Asia Pacific Cold Chain Market
  7.5.1 Key Market Trends, Growth Factors and Opportunities
  7.5.2 Top Key Companies
  7.5.3 Historic and Forecasted Market Size by Segments
  7.5.4 Historic and Forecasted Market Size By Type
   7.5.4.1 Pre-analytical Automated Systems
   7.5.4.2 Post-analytical Automated Systems
   7.5.4.3 Total Lab Automation Systems
  7.5.5 Historic and Forecasted Market Size By Application
   7.5.5.1 Biotechnology and Pharmaceutical Companies
   7.5.5.2 Hospitals and Diagnostic Laboratories
   7.5.5.3 Research and Academic Institutes
  7.5.6 Historic and Forecast Market Size by Country
   7.5.6.1 China
   7.5.6.2 India
   7.5.6.3 Japan
   7.5.6.4 South Korea
   7.5.6.5 Malaysia
   7.5.6.6 Thailand
   7.5.6.7 Vietnam
   7.5.6.8 The Philippines
   7.5.6.9 Australia
   7.5.6.10 New Zealand
   7.5.6.11 Rest of APAC
 7.6. Middle East & Africa Cold Chain Market
  7.6.1 Key Market Trends, Growth Factors and Opportunities
  7.6.2 Top Key Companies
  7.6.3 Historic and Forecasted Market Size by Segments
  7.6.4 Historic and Forecasted Market Size By Type
   7.6.4.1 Pre-analytical Automated Systems
   7.6.4.2 Post-analytical Automated Systems
   7.6.4.3 Total Lab Automation Systems
  7.6.5 Historic and Forecasted Market Size By Application
   7.6.5.1 Biotechnology and Pharmaceutical Companies
   7.6.5.2 Hospitals and Diagnostic Laboratories
   7.6.5.3 Research and Academic Institutes
  7.6.6 Historic and Forecast Market Size by Country
   7.6.6.1 Turkey
   7.6.6.2 Bahrain
   7.6.6.3 Kuwait
   7.6.6.4 Saudi Arabia
   7.6.6.5 Qatar
   7.6.6.6 UAE
   7.6.6.7 Israel
   7.6.6.8 South Africa
 7.7. South America Cold Chain Market
  7.7.1 Key Market Trends, Growth Factors and Opportunities
  7.7.2 Top Key Companies
  7.7.3 Historic and Forecasted Market Size by Segments
  7.7.4 Historic and Forecasted Market Size By Type
   7.7.4.1 Pre-analytical Automated Systems
   7.7.4.2 Post-analytical Automated Systems
   7.7.4.3 Total Lab Automation Systems
  7.7.5 Historic and Forecasted Market Size By Application
   7.7.5.1 Biotechnology and Pharmaceutical Companies
   7.7.5.2 Hospitals and Diagnostic Laboratories
   7.7.5.3 Research and Academic Institutes
  7.7.6 Historic and Forecast Market Size by Country
   7.7.6.1 Brazil
   7.7.6.2 Argentina
   7.7.6.3 Rest of SA

Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Concluding Analysis
8.2 Potential Market Strategies

Chapter 9 Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research