Based on Reports and Data's current analysis, the global Refrigerated Warehouse Cold Chain Market was worth USD 253.00 Billion in 2021 and is predicted to achieve a value of USD 490.76 Billion by 2030, with a compound annual growth rate (CAGR) of 7.6%. The Refrigerated Warehouse Cold Chain Market plays a vital role in the agricultural sector as it involves pre-cooling, refrigerated storage, and transportation of perishable food items. However, cold chain management remains weak in most developing countries, despite its growing significance in the food and pharmaceutical industries. To reduce food wastage and support farmers in obtaining better value for their produce, it is crucial to establish an uninterrupted chain of storage and distribution for perishable goods that guarantees safe and high-quality delivery to end-users. Key market players are implementing various strategies such as expansion, product launches, partnerships, mergers, and acquisitions to enhance their market share and sustain their competitiveness. For example, in May 2019, Americold, a major Refrigerated Warehouse Cold Chain Market player, acquired Lanier Cold Storage to bolster its poultry business. The urban areas of both developing and developed countries are expected to experience substantial growth in the industry.
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Top Companies Operating in the Global Refrigerated Warehouse Cold Chain Market Report:
Americold Logistics LLC, Burris Logistics, Lineage Logistics Holding, LLC, Preferred Freezer Services, Inc., Nichirei Logistics Group Inc, Nordic Logistics and Warehousing LLC, Swift Transportation, Trenton Cold Storage, Interstate Cold Storage Inc, Henningsen Cold Storage Co., and VersaCold Logistics Services.
Major Driving Factors of Refrigerated Warehouse Cold Chain Market
- Increasing Demand for Perishable Food Products: The rising global population and changing consumer preferences have led to an increased demand for perishable food products such as fruits, vegetables, dairy products, and meat. The cold chain ensures that these products are stored, transported, and delivered at controlled temperatures, maintaining their quality and extending their shelf life.
- Growth of Organized Retail and Quick-Service Restaurants: The expansion of organized retail chains and the rise of quick-service restaurants have fueled the demand for cold chain logistics services. These businesses require a seamless and efficient cold chain infrastructure to ensure the availability of fresh and frozen products to meet consumer demands.
- Stringent Food Safety and Quality Regulations: Governments and regulatory authorities worldwide have implemented stringent food safety and quality regulations to ensure consumer protection. Compliance with these regulations requires adherence to specific temperature-controlled storage and transportation conditions, driving the demand for cold chain services.
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The global Refrigerated Warehouse Cold Chain Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Type Outlook (Revenue, USD Billion; 2019 – 2030)
- Refrigerated Transportation
- Refrigerated Warehouse
Technology Outlook (Revenue, USD Billion; 2019 – 2030)
- Blast Freezing
- Vapor Compression
- Programmable Logic Controller
- Evaporative Cooling
- Cryogenic Systems
- Others
Application Outlook (Revenue, USD Billion; 2019 – 2030)
- Dairy and Frozen Desserts
- Meat and Seafood
- Fruits and Vegetables
- Bakery and Confectionery
- Pharmaceutical
- Others
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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