MarketsandMarkets Presents Cold Chain Market is Expected to Reach Billion USD by 2023

The report "Cold Chain Market by Type (Refrigerated Storage and Transport), Temperature Type (Chilled and Frozen), Application (Dairy & Frozen Desserts; Meat, Fish, and Seafood, Fruits & Vegetables, Bakery & Confectionery), and Region - Global Forecast to 2023", The global cold chain market is estimated to account for USD Billion in 2018 and is projected to reach USD Billion by 2023, at a CAGR of 7.6%. The global cold chain market is expanding with considerable growth potential for over the next five years. The growth of this market can be attributed to the growth of international trade of perishable foods, technological advancements in refrigerated storage & transport, government support for the infrastructural development of the cold chain industry and increase in consumer demand for perishable foods. Also, expansion of food retail chains by multinationals will enhance international trade and impact the growth of the cold chain market.Cold Chain Market Browse 83 market data tables 175 pages and in-depth TOC on “Cold Chain Market ”. Speak to our

Asia Pacific to be the largest market for refrigerated storage during the forecast period The two main types of cold chain infrastructure are refrigerated transport and refrigerated storage. The refrigerated storage market is estimated to be dominated by the Asia Pacific region. Refrigerated storage capacities are growing in the Asia Pacific due to the increased need for reducing wastage of perishable foods. In North America and Europe, the refrigerated transport industry is booming, mainly due to the advancement of technology in refrigerated trucks, vans, trailers, and maritime reefer containers. Market Ecosystem The various contributors involved in the value chain of food cold chain include raw material suppliers, manufacturers, cold chain service providers, wholesalers/distributors, retailers, and end users. The type of cold chain service to be used depends on the type of the food product, its shelf life, storage, and movement of food products by various modes of transport such air, water, rail, and road. The market is dominated by key players such as Americold Logistics (US), Preferred Freezer (US), Burris Logistics (US), Lineage Logistics (US), and Nichirei Logistics (Japan). Other players include AGRO Merchants (US), Kloosterboer (Netherlands), Swire Cold Storage (Australia), VersaCold Logistics (Canada), and Interstate Warehousing (US).

The European region is estimated to account for the largest share, in terms of value, in the global cold chain market, in There is a steady increase in demand, particularly for cold chain due to a continuous increase in domestic consumption of high quality of perishable commodities. Asia Pacific indicates significant growth potential for the cold chain industry due to the increase in awareness about the prevention of food wastage before consumption, growth of the organized retail sector, rise in consumer demand for perishable foods, and government support & initiatives in this sector. The region is projected to surpass the size of the European market by LET US HELP YOU! What are the Known and Unknown Adjacencies Impacting the Cold Chain Market What will your New Revenue Sources be? Who will be your Top Customer; what will make them switch? Defend your Market Share or Win Competitors Get a Scorecard for Target Partners

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