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Global Food Cold Chain Market to reach USD 160.25 billion by the end of 2030

Global Food Cold Chain Market Size Study & Forecast, by Type (Storage, Transportation, Monitoring Components), By Construction Type (Grocery Stores, Restaurants, Others), By Application (Fruits, Vegetables, Fruit Pulp & Concentrates, Dairy Products, Fish, Meat, and Seafood, Processed Food, Bakery & Confectionary, Others), and Regional Analysis, 2023-2030

Product Code: OIRFB-25980305
Publish Date: 15-11-2023
Page: 200

Global Food Cold Chain Market is valued at approximately USD 44.71 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 17.3% over the forecast period 2023-2030. Food cold chain is a temperature-controlled supply chain system that is used to protect perishable food products’ quality and safety from the point of production or harvest to the point of consumption. It entails the careful monitoring of temperature and humidity levels at all phases of the food supply chain, including storage, transportation and distribution to ensure that food supplies stay fresh and uncontaminated by rotting or contamination. The market is experiencing a significant surge in demand, driven by the rising consumers’ inclination towards high-quality food products. Recent trends indicate a substantial increase in consumer awareness regarding the importance of food safety. Consequently, there is a growing demand for refrigerated food items that offer freshness, as well as ensure safety and adhere to stringent quality standards. This rising consumer demand highlights the crucial role of a reliable cold chain infrastructure, which is essential for preserving the impeccable quality and safety of these products. Also, the globalization of food supply chains, coupled with the increase in foodborne illness awareness are the factors that are stipulating the market demand across the globe.

In addition, the growing investment in food cold chain infrastructure is also one of the major factors accelerating the market growth during the projected years. The popularity of frozen foods and products is growing steadily due to their convenience and extended shelf life. Subsequently, there is a rising global demand for cold storage and refrigerated transportation services. Safely transporting subtle frozen food items such as ice cream, frozen curries, and canned products necessitates the use of reliable temperature-controlled facilities to prevent any physical or environmental damage during transit. For instance, In January 2023, the Ministry of Agriculture and Farmers Welfare unveiled the India Cold Chain Programme in association with the National Centre for Cold Chain Development (NCCD) and the UN Environment Programme, as part of the Cool Coalition initiative. This program has been strategically crafted in collaboration with key partners, including the Alliance for an Energy-Efficient Economy (AEEE), Energy Efficiency Services Limited (EESL), and the Bureau of Energy Efficiency (BEE). Its primary aim is to facilitate the development of policies and encourage the widespread adoption of energy-efficient and environmentally sustainable cold chain practices across India. Thus, rising emphasis in investing in food cold chain infrastructure is propelling the growth of Food Cold Chain Market during the estimated period. Moreover, the rapid developments in cold chain technology, as well as in increase in online food retail and grocery delivery services present various lucrative opportunities over the forecast years. However, the poor infrastructure in developing countries and the high initial investment are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Food Cold Chain Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the imposition of stringent food safety regulations, as well as a surge in online food retail and grocery delivery services. Moreover, there is a growing trend among consumers to shift from highly processed and less healthy foods with extended shelf lives in favor of temperature-sensitive and perishable food items. This shift is driving the demand for an advanced cold supply chain supported by cutting-edge technology, which is exhibiting a positive influence on market growth. Whereas, Asia Pacific is expected to grow at the fastest CAGR over the forecast years. The globalization of Asian food supply chains, growing demand for fresh and perishable food, and governments investment in the development of cold chain infrastructure are significantly propelling the market demand across the region.

Major market players included in this report are:
Americold Logistics LLC
Agro Merchant Group
Burris Logistics, Inc.
Henningsen Cold Storage Company
Lineage Logistics, LLC
Nordic Logistics
Cold Chain Technologies, Inc.
Cryopak Industries Inc.
Cold Box Express, Inc.
Nilkamal Limited

Recent Developments in the Market:
Ø In September 2022, Celcius Logistics launched its smart last-mile delivery platform, which targets and resolves the country’s vulnerable cold supply chains’ most pressing challenges. The brand has also partnered with vehicle owners and automobile manufacturers in order to build a strong on-ground network of reefer vehicles that will be integrated with the smart platform made with a special Inventory Management System (IMS).
Ø In August 2021, GeoTab, a pioneer in IoT and linked cars, launched its newest product: cold chain vans with high-tech refrigeration systems. These vans were created with the particular purpose of transporting products that require a specified temperature range, including food and medicines, while keeping that temperature. The vans are outfitted with modern refrigeration systems that are monitored in real-time. This allows precisely control the temperature during transit, guaranteeing that the items are kept fresh and secure for use or consumption.

Global Food Cold Chain Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Construction Type, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Monitoring Components

By Construction Type:
Grocery Stores

By Application:
Fruit Pulp & Concentrates
Dairy Products
Fish, Meat, and Seafood
Processed Food
Bakery & Confectionary

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Food Cold Chain Market, by region, 2020-2030 (USD Billion)
1.2.2. Food Cold Chain Market, by Type, 2020-2030 (USD Billion)
1.2.3. Food Cold Chain Market, by Construction Type, 2020-2030 (USD Billion)
1.2.4. Food Cold Chain Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Food Cold Chain Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Food Cold Chain Market Dynamics
3.1. Food Cold Chain Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing globalization of food supply chains Rising investment in food cold chain infrastructure
3.1.2. Market Challenges Poor infrastructure in developing countries High initial investment
3.1.3. Market Opportunities Rapid developments in cold chain technology Increase in online food retail and grocery delivery services
Chapter 4. Global Food Cold Chain Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Food Cold Chain Market, by Type
5.1. Market Snapshot
5.2. Global Food Cold Chain Market by Type, Performance – Potential Analysis
5.3. Global Food Cold Chain Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Food Cold Chain Market, Sub Segment Analysis
5.4.1. Storage
5.4.2. Transportation
5.4.3. Monitoring Components
Chapter 6. Global Food Cold Chain Market, by Construction Type
6.1. Market Snapshot
6.2. Global Food Cold Chain Market by Construction Type, Performance – Potential Analysis
6.3. Global Food Cold Chain Market Estimates & Forecasts by Construction Type 2020-2030 (USD Billion)
6.4. Food Cold Chain Market, Sub Segment Analysis
6.4.1. Grocery Stores
6.4.2. Restaurants
6.4.3. Others
Chapter 7. Global Food Cold Chain Market, by Application
7.1. Market Snapshot
7.2. Global Food Cold Chain Market by Application, Performance – Potential Analysis
7.3. Global Food Cold Chain Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Food Cold Chain Market, Sub Segment Analysis
7.4.1. Fruits
7.4.2. Vegetables
7.4.3. Fruit Pulp & Concentrates
7.4.4. Dairy Products
7.4.5. Fish, Meat, and Seafood
7.4.6. Processed Food
7.4.7. Bakery & Confectionary
7.4.8. Others
Chapter 8. Global Food Cold Chain Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Food Cold Chain Market, Regional Market Snapshot
8.4. North America Food Cold Chain Market
8.4.1. U.S. Food Cold Chain Market Type breakdown estimates & forecasts, 2020-2030 Construction Type breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Food Cold Chain Market
8.5. Europe Food Cold Chain Market Snapshot
8.5.1. U.K. Food Cold Chain Market
8.5.2. Germany Food Cold Chain Market
8.5.3. France Food Cold Chain Market
8.5.4. Spain Food Cold Chain Market
8.5.5. Italy Food Cold Chain Market
8.5.6. Rest of Europe Food Cold Chain Market
8.6. Asia-Pacific Food Cold Chain Market Snapshot
8.6.1. China Food Cold Chain Market
8.6.2. India Food Cold Chain Market
8.6.3. Japan Food Cold Chain Market
8.6.4. Australia Food Cold Chain Market
8.6.5. South Korea Food Cold Chain Market
8.6.6. Rest of Asia Pacific Food Cold Chain Market
8.7. Latin America Food Cold Chain Market Snapshot
8.7.1. Brazil Food Cold Chain Market
8.7.2. Mexico Food Cold Chain Market
8.8. Middle East & Africa Food Cold Chain Market
8.8.1. Saudi Arabia Food Cold Chain Market
8.8.2. South Africa Food Cold Chain Market
8.8.3. Rest of Middle East & Africa Food Cold Chain Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Americold Logistics LLC Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Agro Merchant Group
9.3.3. Burris Logistics, Inc.
9.3.4. Henningsen Cold Storage Company
9.3.5. Lineage Logistics, LLC
9.3.6. Nordic Logistics
9.3.7. Cold Chain Technologies, Inc.
9.3.8. Cryopak Industries Inc.
9.3.9. Cold Box Express, Inc.
9.3.10. Nilkamal Limited
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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