A cold chain is a temperature-controlled supply chain comprised of refrigerated production, storage, and distribution facilities, as well as equipment capable of maintaining the required low-temperature range at all times.
A cold chain preserves and extends the shelf life of fresh agricultural produce, seafood, frozen food, photographic film, chemicals, and medications. Cool cargo refers to items that are carried and temporarily stored. Cold chain products, unlike other commodities or commerce, are perishable and always on their way to their end-use or destination, even while temporarily held in cold warehouses, and are therefore often referred to as "cargo" throughout the logistics cycle.
According to DataM Intelligence's latest research, the cold chain market is estimated to reach at a CAGR of 9.28% during the forecast period 2023-2030.
A Comprehensive Market Analysis
DataM Intelligence’s report on the global cold chain market provides insightful analysis of the latest trends and developments in the market. It outlines the current market dynamics and provides detailed insights into the market growth, revenue opportunities, and key players. Our report provides an accurate assessment of the market size and opportunities and explores the potential impact of the latest trends and developments.
Market Drivers:
Growing Consumption of Perishable Food Driving the Market Growth
Consumption of perishable goods such as dairy products, fruits and vegetables, and high-protein animal-based products has increased drastically as consumers become more concerned about their health, well-being, and the impact that food components such as protein have on total physical and mental development. The shifting consumption habits of perishable items such as meat, eggs, fish, and shellfish are significant drivers driving the global cold chain market growth.
Market Opportunities
Government Support for Cold Chain Infrastructure Development
Many governments are reducing food and agricultural waste by adopting food waste rules and boosting food-related industries such as the cold chain industry. However, there is still a mismatch between food production and cold storage capacity in many nations.
For example, India is the world's biggest producer of milk and the world's second-largest producer of fruits and vegetables. Nonetheless, a lack of dependable, integrated cold chain facilities causes enormous food waste across the nation.
Key Industry Development
The cold chain industry has seen major technological developments, notably in temperature monitoring, data recording, and tracking systems. Advanced sensors, IoT devices, and real-time monitoring systems have increased visibility and control over cold chain operations, ensuring that items are kept at ideal temperatures throughout the supply chain.
Market Key Players
The research study includes profiles of leading companies operating in the cold chain market:
- Americold
- Preferred Freezer Services
- Burris Logistics
- Lineage Logistics Holdings
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