What is Food Cold Chain Market?
The cold chain refers to managing the temperature of perishable products in order to maintain quality and safety from the point of origin through the distribution chain to the final consumer. It is widely used to prolong the life of fresh products such as fruit & vegetables, frozen food, and seafood. In recent times, the food cold chain is gaining popularity due to changes in diet and growing demand for fresh fruit and higher value foodstuffs such as meat and fish.
The market study is being classified by Type (Refrigerators, Cold Boxes and Others), by Application (Fruits & Vegetables, Dairy & Frozen Desserts, Meat & Seafood, Bakery & Confectionery and Ready-to-Eat Meal) and major geographies with country level break-up.
AmeriCold Logistics (United States), Nichirei Logistics Group (Japan), Lineage Logistics (United States), OOCL Logistics (Hong Kong), Burris Logistics (United States), Kloosterboer (Netherlands), DHL (Germany), X2 Group (Thailand), A.B. Oxford Cold Storage (Australia), ColdEX (India) and AIT Worldwide Logistics (United States) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Food Cold Chain market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Food Cold Chain market by Type, Application and Region.
On the basis of geography, the market of Food Cold Chain has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand of Packaged or Frozen Food Products across the Globe Due to Growing Urbanization and Busy Lifestyle
- Increasing Demand of Fresh Fruits & Vegetables Due to Change in Consumers’ Preference
- Increased Disposable Income and Purchasing Power of Consumers
- Emerging Innovation and Nascent Cold Chain Technology Will Continue To Shape the Ever-Changing Requirement
- Lack of Transport Infrastructure and Cold Chain Facilities in Some Developing and Underdeveloped Countries
- High Adoption of Ready-to-Eat Meals in Developed Countries Due to Availability of Number of Working Population
- Poor Communication between Food Supply Chain Partners and Lack of Honesty
Market Leaders and some development strategies
In October 2018, AIT Worldwide Logistics announced the acquisition of a Los Angeles-based cold chain forwarder WorldFresh Express. The acquisition instantly gives a boost to AIT's robust cold chain capabilities by adding specialized operational knowledge as well as a world-class 13,800 square foot temperature-controlled facility on the west coast of the United States with distinct zones to hold frozen, refrigerated, and fresh foods.
In November 2020, Navi Mumbai-based startup Celcius introduced an aggregator platform to strengthen the cold-chain infrastructure in India. The platform connects clients with cold-chain transportation and warehousing service providers.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Food Cold Chain Service Providers, Food Cold Chain Equipment Manufacturers, Suppliers and Distributors of Food Cold Chain Equipment, Logistics and Supply Chain Businesses, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Users
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Food Cold Chain Market?
"Increasing Demand of Packaged or Frozen Food Products across the Globe Due to Growing Urbanization and Busy Lifestyle
" is seen as one of major growth factors of Food Cold Chain Market in years to come.
2. Can we have customized study for Food Cold Chain Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Food Cold Chain Market?
United States will lead Food Cold Chain Market in coming years.