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<strong>Cold</strong> <strong>Chain</strong> <strong>Market</strong> Analysis & Forecasts by 2017-2024:<br />
Global <strong>Market</strong> Insights, Inc.<br />
<strong>Cold</strong> <strong>Chain</strong> <strong>Market</strong> Size is likely to grow at a steady rate from 2016 to 2024 due to<br />
increasing demand <strong>for</strong> packaged food & beverage products.<br />
Most of these food & beverage items are transported to different areas after<br />
packaging and the need to protect these products from perishing while transportation<br />
and storage will drive the global cold chain market growth. Increasing import and<br />
export of food & beverage products will also propel the cold chain industry<br />
development during the <strong>for</strong>ecast timeframe.<br />
<strong>Cold</strong> chain includes logistics planning to maintain the temperature at which perishable<br />
food products are stored through refrigeration or thermal packing. This leads to<br />
increase in product life and helps maintain the standard quality of product <strong>for</strong> a longer<br />
duration. It basically preserves the physical and bio-chemical properties of frozen and<br />
perishable food items. It also regulates the market price of off-season food and<br />
prevent product loss by minimizing wastes which eventually leads to higher profits <strong>for</strong><br />
the manufacturers. Industries that use cold chain are sea food, bakery, fruits &<br />
vegetables, confectionary, frozen dessert, dairy, etc.<br />
The cold chain market will be chiefly driven by favorable government initiatives,<br />
advancements in refrigerated storage technology, and increasing number of middle<br />
class income group consumers in developing nations.<br />
Government initiatives such as easy access to public infrastructure including railways,<br />
warehouses, etc. along with policies that encourage investments will help the cold<br />
chain market to grow during the <strong>for</strong>ecast period. High urban population growth<br />
coupled with rising number of middle income group families will also be a key growth<br />
enabler <strong>for</strong> the cold chain industry development. Urban population growth has led to<br />
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increased demand <strong>for</strong> perishable and processed food products. The increasing number<br />
of dual income families around the globe has also resulted in increased ready to eat<br />
and packaged food & beverage products demand. These trends in the global food &<br />
beverage industry will propel the need <strong>for</strong> better cold chain infrastructure which will<br />
in turn augment the industry growth in coming years.<br />
Increasing penetration of organized retail plat<strong>for</strong>ms along with high growth in the<br />
hospitality sector will also contribute towards the cold chain market development.<br />
Restaurants and organized retail outlets need an uninterrupted supply of fresh and<br />
quality meat, vegetables, and other food products. <strong>Cold</strong> chain plays an important role<br />
in this function by preserving the quality and freshness of these food products during<br />
transit and storage. Additionally, technological advancements such as barcode<br />
scanners, RFID, and inventory management software services will also create ample<br />
opportunities <strong>for</strong> cold chain industry growth. However, high capital investment,<br />
difficulty in achieving economies of scale, along with high running costs may restrain<br />
the industry growth during the <strong>for</strong>ecast period.<br />
<strong>Market</strong> research reports: Key analytical components<br />
Browse complete summary of this report @ https://www.gminsights.com/industryanalysis/cold-chain-market<br />
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The Global <strong>Cold</strong> <strong>Chain</strong> <strong>Market</strong> is segmented, based on region, into Asia-Pacific, North<br />
America, Europe, Middle East & Africa and Latin America.<br />
Asia Pacific countries such as China and India have a huge potential <strong>for</strong> the<br />
development of the cold chain industry owing to growing processed and packaged<br />
food items demand from a rapidly expanding middle class income consumers.<br />
Developing countries of Latin America and Middle East & Africa will witness healthy<br />
growth in the cold chain industry owing to a gradual transition into consumer led<br />
economies. North America is also a significant regional market <strong>for</strong> the industry owing<br />
to high demand <strong>for</strong> packaged fish, meat & seafood. Europe being the largest seafood<br />
exporter in the world will also present ample opportunities <strong>for</strong> cold chain market<br />
development in coming years.<br />
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Regionally, Global <strong>Market</strong> Insights, Inc.’s cold chain market research has the most indepth,<br />
country focused estimates and <strong>for</strong>ecasts <strong>for</strong> decision makers across the globe.<br />
An exhaustive list of company profiles <strong>for</strong> organizations active in the cold chain market<br />
supports the regional analysis and in<strong>for</strong>mation offering a competitive outlook on the<br />
industry. For each segment analyzed in this research, whether it is by product,<br />
application, material or end-use, a regional overview with historical data and cold<br />
chain market <strong>for</strong>ecast is provided to the reader. Such a cross-segmentation research<br />
analysis is also unique to reports by Global <strong>Market</strong> Insights, Inc.<br />
The key market players include Continental Air Cargo, DHL International, World<br />
Courier, FedEx Corporation, Kuehne and Nagel International, Preferred Freezer<br />
Services, Americold Logistics, John Swire And Sons, Lineage Logistics, Swift<br />
Transportation. Other prominent industry participants include Congebec, A.B. Ox<strong>for</strong>d,<br />
Versa<strong>Cold</strong> Logistics Services, Cloverleaf <strong>Cold</strong> Storage, Henningsen <strong>Cold</strong> Storage,<br />
Partner Logistics, Nordic Logistics and Warehousing, Conestoga <strong>Cold</strong> Storage, Hanson<br />
Logistics, and many more.<br />
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About Global <strong>Market</strong> Insights<br />
Global <strong>Market</strong> Insights, Inc., headquartered in Delaware, U.S., is a global market<br />
research and consulting service provider; offering syndicated and custom research<br />
reports along with growth consulting services. Our business intelligence and industry<br />
research reports offer clients with penetrative insights and actionable market data<br />
specially designed and presented to aid strategic decision making. These exhaustive<br />
reports are designed via a proprietary research methodology and are available <strong>for</strong> key<br />
industries such as chemicals, advanced materials, technology, renewable energy and<br />
biotechnology.<br />
Contact Us:<br />
Arun Hegde<br />
Corporate Sales, USA<br />
Global <strong>Market</strong> Insights, Inc.<br />
Phone: 1 302-846-7766<br />
Toll Free 1 888-689-0688<br />
Email: sales@gminsights.com<br />
Website: https://www.gminsights.com/<br />
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