Cold Chain Logistics Market (By End-Use Industry: Fruits & Vegetables, Dairy & Frozen Desserts, Bakery & Confectionary, Meat, Fish & Sea Food, Drugs & Pharmaceuticals, and Others; By Geography: North America, Europe, Asia-Pacific and RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015-2024
Global Cold Chain Logistics Market is estimated to reach $386 billion by 2024; growing at a CAGR of 14.0% between 2016 and 2024. Cold chain logistics involves refrigeration, storage, transportation and distribution of perishable products or temperature-sensitive products. The development of concept and technology for controlling the temperature of perishable products has been well-established over the years. The products that can be transported by cold chain logistics include frozen foods, meat products, pharmaceutical drugs & vaccines and dairy products, among others. Transportation of temperature-sensitive products can be done through several means which includes air cargo, refrigerated truck, railcars and cargo ships. Depending on the type of product and its destination, a product may be transported through one or more types of facilities. Additionally, there has been growing number of delivery services owing to the rise of E-commerce for fresh foods and grocery sales.
Growing import & export opportunities for drugs & vaccines and rising organized retail & food service industry are boosting the growth of the global cold chain logistics market. Additionally, increasing export demand for processed & frozen food along with rising popularity of multi-temperature refrigerator vehicles are also supporting the growth of the market. Nevertheless, third party logistics, express delivery service provider and exemptions on taxes on several items may provide market opportunities in forecast period
The global cold chain logistics market is categorized on the basis of end-use industry and geography. By end-use industry, the market is segmented into bakery & confectionary, fruits & vegetables, dairy & frozen desserts, fish & sea food, drugs & pharmaceuticals, meat and others.
The global cold chain logistics market by geography is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Canada and Mexico are covered under North America wherein Europe covers Germany, U.K., France, Italy and others. Asia-Pacific covers China, India, Japan, South Korea, Australia and others. RoW covers South America, Middle East and Africa.
The major market players include FedEx Corporation, Burris Logistics, World Courier, Nichirei Logistics Group Inc., Nordic Logistics, DHL International GmbH, AGRO Merchants Group, Continental Air Cargo, C & M Cold Stores Ltd., and Warehousing, LLC. and VPA Logistics, among others.
The key takeaways from the report:
- The report will provide detailed analysis of Cold Chain Logistics Market with respect to major segment such as end-use industry
- The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024
- Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
- An exhaustive regional analysis of Cold Chain Logistics Market has been included in the report
- Profile of the key players of the Cold Chain Logistics Market, will be provided, which include key financials, product & services, new developments and business strategies
Scope of Cold Chain Logistics Market:
End-Use Industry Segments
- Bakery & Confectionary
- Fruits & Vegetables
- Dairy & Frozen Desserts
- Fish & Sea Food
- Drugs & Pharmaceuticals
- North America
- South Korea
- South America
- Middle East