[Latest] Global Cold Chain Logistics Market Size/Share Worth USD 1,245.2 Billion by 2033 at a 14.5% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

Austin, TX, USA, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Cold Chain Logistics Market Size, Trends and Insights By Temperature Type (Chilled, Fruits & Vegetables, Dairy Products, Bakery & Confectionery, Processed Foods, Frozen, Seafood, Meat & Poultry, Ice Cream & Frozen Desserts, Pharmaceuticals), By Technology (Refrigerated Storage, Refrigerated Transport), By Application (Food & Beverages, Pharmaceuticals & Healthcare, Chemicals & Materials, Others), By Service (Storage, Transportation, Value-Added Services, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.

“According to the latest research study, the demand of global Cold Chain Logistics Market size & share was valued at approximately USD 321.5 Billion in 2023 and is expected to reach USD 368.1 Billion in 2024 and is expected to reach a value of around USD 1,245.2 Billion by 2033, at a compound annual growth rate (CAGR) of about 14.5% during the forecast period 2024 to 2033.”

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Cold Chain Logistics Market: Growth Factors and Dynamics

• Expanding Global Food Trade: The increasing demand for perishable food products, coupled with globalization and changing consumer preferences, is driving the growth of the cold chain logistics market. Growing international trade in fresh produce and seafood necessitates efficient cold chain infrastructure to maintain product quality and safety during transportation.

• Rising Demand for Pharmaceuticals: The pharmaceutical industry’s growing emphasis on temperature-sensitive products, such as vaccines, biologics, and specialty drugs, is fueling the demand for cold chain logistics services. Strict regulatory requirements and the need to maintain product efficacy and safety during storage and distribution are driving pharmaceutical companies to invest in robust cold chain infrastructure.

• E-commerce and Online Grocery Retailing: The proliferation of e-commerce platforms and online grocery retailing is driving the demand for cold chain logistics services. Consumers increasingly prefer to purchase fresh and frozen food items online, requiring reliable temperature-controlled transportation and storage solutions to ensure product quality and freshness upon delivery.

• Technological Advancements: Technological innovations, such as IoT-enabled temperature monitoring devices, blockchain-based traceability solutions, and advanced refrigeration systems, are transforming the cold chain logistics industry. These technologies enhance visibility, transparency, and real-time tracking capabilities, enabling more efficient cold chain management and reducing the risk of product spoilage or loss.

• Stringent Regulatory Requirements: Stringent regulations and quality standards imposed by regulatory authorities, particularly in the food and pharmaceutical sectors, are driving the adoption of cold chain logistics services. Compliance with regulations such as the Food Safety Modernization Act (FSMA) in the United States and Good Distribution Practice (GDP) guidelines in the pharmaceutical industry is essential for market participants to ensure product integrity and regulatory compliance.

• Emerging Markets and Urbanization: Rapid urbanization and changing dietary preferences in emerging markets are creating significant opportunities for the cold chain logistics market. Rising disposable incomes, urbanization trends, and an increasing preference for convenience foods drive the demand for cold chain services to transport perishable goods from production hubs to urban centers efficiently.

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Cold Chain Logistics Market: Partnership and Acquisitions

• In 2023, Americold Logistics, the largest publicly traded REIT specializing in temperature-controlled warehouses, made a strategic investment of $3.9 million for a 49% stake in RSA Cold Chain in Dubai. This investment strengthens Americold’s presence and capabilities in the Middle East cold chain market.

• In 2022, UPS acquired a majority stake in Inovatec, a cold chain logistics company, expanding its reach with access to Inovatec’s network of refrigerated warehouses across Europe and Asia. This strategic move strengthens UPS’s capabilities in providing specialized cold chain solutions globally.

Report Scope

Feature of the Report	Details
Market Size in 2024	USD 368.1 Billion
Projected Market Size in 2033	USD 1,245.2 Billion
Market Size in 2023	USD 321.5 Billion
CAGR Growth Rate	14.5% CAGR
Base Year	2023
Forecast Period	2024-2033
Key Segment	By Temperature Type, Technology, Application, Service and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Cold Chain Logistics report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

• Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
• The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
• About 220+ Pages Research Report (Including Recent Research)
• Provide detailed chapter-by-chapter guidance on the Request.
• Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
• Includes Tables and figures have been updated.
• The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis 
• Custom Market Insights (CMI) research methodology

(Please note that the sample of the Cold Chain Logistics report has been modified to include the COVID-19 impact study prior to delivery.)

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Cold Chain Logistics Market: COVID-19 Analysis

The COVID-19 pandemic has significantly impacted the Cold Chain Logistics Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

• Disruption in Supply Chains: The COVID-19 pandemic led to disruptions in global supply chains, affecting the transportation and distribution of temperature-sensitive goods. Lockdown measures, border restrictions, and workforce shortages hindered the movement of essential products, including food, pharmaceuticals, and medical supplies, through cold chain logistics networks.

• Shift in Consumer Behavior: The pandemic-induced lockdowns and social distancing measures prompted a shift in consumer behavior towards online shopping and home delivery of groceries and pharmaceuticals. This surge in e-commerce demand for perishable goods necessitated adjustments in cold chain logistics operations to meet the increased volume and ensure product safety and quality during transportation and last-mile delivery.

• Resilience Planning and Redundancy: Cold chain logistics providers are investing in resilience planning and redundancy measures to mitigate future disruptions. This includes diversifying supply chains, securing multiple transportation routes, and maintaining strategic stockpiles of critical supplies to ensure continuity of operations during emergencies.

• Adoption of Digital Technologies: The accelerated adoption of digital technologies, such as IoT-enabled temperature monitoring devices, blockchain-based traceability solutions, and data analytics platforms, enhances visibility, transparency, and efficiency in cold chain logistics operations. By leveraging real-time data and analytics, companies can optimize routes, minimize wastage, and improve decision-making processes.

• Strengthening Cold Chain Infrastructure: Investments in upgrading and expanding cold chain infrastructure, including refrigerated storage facilities, temperature-controlled vehicles, and cold chain packaging solutions, are essential for meeting the growing demand for cold chain logistics services. Enhanced infrastructure ensures the integrity and safety of temperature-sensitive products throughout the supply chain.

• Collaboration and Partnerships: Collaboration among stakeholders in the cold chain logistics ecosystem, including logistics providers, food producers, pharmaceutical companies, and regulatory agencies, is crucial for building resilient and agile supply chains. Strategic partnerships enable knowledge sharing, resource pooling, and collective efforts to address common challenges and enhance industry standards.

In conclusion, the COVID-19 pandemic has had a mixed impact on the Cold Chain Logistics Market, with some challenges and opportunities arising from the pandemic.

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Key questions answered in this report:

• What is the size of the Cold Chain Logistics market and what is its expected growth rate?
• What are the primary driving factors that push the Cold Chain Logistics market forward?
• What are the Cold Chain Logistics Industry's top companies?
• What are the different categories that the Cold Chain Logistics Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the Cold Chain Logistics market sample report and company profiles?

Key Offerings:

• Market Share, Size & Forecast by Revenue | 2024−2033
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
• Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Cold Chain Logistics Market – Regional Analysis

The Cold Chain Logistics Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

• North America: In North America, a key trend in cold chain logistics is the increasing demand for fresh and organic foods, driven by consumer preferences for healthier options. Additionally, there’s a growing focus on last-mile delivery solutions, with companies investing in advanced refrigerated delivery vehicles and innovative packaging to ensure product freshness during transit.

• Europe: In Europe, one prominent trend is the adoption of sustainable cold chain practices, including the use of energy-efficient refrigeration systems and eco-friendly packaging materials. Another trend is the expansion of cold chain infrastructure in response to the growing e-commerce market, with investments in automated warehouses and temperature-controlled distribution centers.

• Asia-Pacific: In the Asia-Pacific region, a significant trend is the rapid growth of the pharmaceutical cold chain market, fueled by increasing healthcare spending and regulatory reforms. Another trend is the adoption of cold chain technologies to support the export of perishable goods, such as seafood and fresh produce, to international markets, driving investments in refrigerated transportation and storage facilities.

• LAMEA (Latin America, Middle East, and Africa): In the LAMEA region, a notable trend is the development of cold chain networks to support the export of agricultural products, including fruits, vegetables, and flowers, to global markets. Additionally, there’s a growing focus on improving cold chain infrastructure in urban areas to meet the rising demand for temperature-sensitive goods, particularly in the pharmaceutical and food sectors.

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List of the prominent players in the Cold Chain Logistics Market:

• Americold Logistics LLC
• Lineage Logistics Holdings LLC
• Swire Cold Storage Ltd.
• Nichirei Corporation
• Preferred Freezer Services LLC
• Burris Logistics
• AGRO Merchants Group
• Kloosterboer Group B.V.
• VersaCold Logistics Services
• Interstate Cold Storage Inc.
• Cloverleaf Cold Storage Co.
• Henningsen Cold Storage Co.
• United States Cold Storage Inc.
• NewCold Advanced Cold Logistics
• Trenton Cold Storage Inc.
• Others

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The Cold Chain Logistics Market is segmented as follows:

By Temperature Type

• Chilled
  • Fruits & Vegetables
  • Dairy Products
  • Bakery & Confectionery
  • Processed Foods
• Frozen
  • Seafood
  • Meat & Poultry
  • Ice Cream & Frozen Desserts
  • Pharmaceuticals

By Technology

• Refrigerated Storage
• Refrigerated Transport

By Application

• Food & Beverages
• Pharmaceuticals & Healthcare
• Chemicals & Materials
• Others

By Service

• Storage
• Transportation
• Value-Added Services
• Others

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Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina

This Cold Chain Logistics Market Research/Analysis Report Contains Answers to the following Questions.

• Which Trends Are Causing These Developments?
• Who Are the Global Key Players in This Cold Chain Logistics Market? What are Their Company Profile, Product Information, and Contact Information?
• What Was the Global Market Status of the Cold Chain Logistics Market? What Was the Capacity, Production Value, Cost and PROFIT of the Cold Chain Logistics Market?
• What Is the Current Market Status of the Cold Chain Logistics Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Cold Chain Logistics Market by Considering Applications and Types?
• What Are Projections of the Global Cold Chain Logistics Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
• What Is Cold Chain Logistics Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
• What Is the Economic Impact On Cold Chain Logistics Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
• What Are Market Dynamics of Cold Chain Logistics Market? What Are Challenges and Opportunities?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Cold Chain Logistics Industry?

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Reasons to Purchase Cold Chain Logistics Market Report

• Cold Chain Logistics Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
• Cold Chain Logistics Market report outlines market value (USD) data for each segment and sub-segment.
• This report indicates the region and segment expected to witness the fastest growth and dominate the market.
• Cold Chain Logistics Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
• The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
• The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
• Cold Chain Logistics Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

• The study provides a thorough overview of the global Cold Chain Logistics market. Compare your performance to that of the market as a whole.

• Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

• Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Cold Chain Logistics market analysis.

• The competitive environment of current and potential participants in the Cold Chain Logistics market is covered in the report, as well as those companies' strategic product development ambitions.

• According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

• For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

• Participants and stakeholders worldwide Cold Chain Logistics market should find this report useful. The research will be useful to all market participants in the Cold Chain Logistics industry.
• Managers in the Cold Chain Logistics sector are interested in publishing up-to-date and projected data about the worldwide Cold Chain Logistics market.
• Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Cold Chain Logistics products' market trends.
• Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

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11/13/2024 12:30 -0500

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