Food Cold Chain Market Analysis and Forecasts 2018 – 2023

The global food cold chain market is expected to grow at an estimated CAGR of 13.2% during the forecast period (2018-2023).

Thermo King has launched SLXi single- and multi-temperature trailer in the cold chain market, which is a new Hybrid Drive Trailer and based on Frigoblock inverter technology of new generation.

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Market Dynamics
The major driver for food cold chain market includes all the initiatives taken by governments at global and regional level for the development of cold chain infrastructure. The expansion of food trade across the continents has increased the necessity for cold chain development through each level of food supply chain. Raw material, processed food, packaged food, and other material are highly dependent on cold chain process to maintain quality and long shelf-life of products. This market scenario puts immense pressure on food suppliers, manufactures, distributors, retailers and franchise owners, to go for vertical integration with the cold chain developers. Along with developed economies, the emerging economies are investing heavily in cold chain logistics, operations and developments. The developing economies in regions such as Asia-Pacific, and Africa still have underdeveloped infrastructure facilities in the rural areas, owing to lack of funds which somehow restraints the food cold chain market.

The cold chain service providers are targeting on the adoption of cutting-edge technologies to ensure food safety in convenience and processed foods. Hence, the cold chain is perceived as one of the top choices for business in the upcoming years, which reflects potential opportunity for food cold chain market.

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Market Segmentation
By product type, the global food cold chain market can be segmented into storage, transportation, and monitoring component. Land transportation by cars or trucks is the most common mode of food transport. It accounts for a major share in the market, due to its low cost and supply at short distances. Countries, such as the United Kingdom are estimated to have more than 90% of the food transported by land. Air transport market is growing at a faster rate, driven by the growth in trade of perishable food products. Sea transportation is generally undertaken in specialized vessels or refrigerated containers.

By temperature type, the market can be categorized into chilled and frozen. Among Asian economies and developing markets, e-commerce has an outsized impact on the delivery of retail products, including fresh and prepared foods. The increased e-commerce is driving the sale of temperature sensitive food products.

By application, the food cold chain market can categorized into fruits/vegetables, meat/seafood, dairy and frozen dessert, bakery & confectionery, ready-to-eat meals, and others. Among all, the demand for the cold chain is expected to be higher in meat/seafood, and fruits & vegetable over the forecast period.

Regional Analysis
Emerging economies, such as China, India, Brazil, Mexico, South Africa, Argentina, and the Middle Eastern countries, are rapidly growing as a consumer-led economy. These economies are with huge consumer population, warmer climate and so, provide a significant contribution in global food trade. Hence the cold chain development rate is much higher in these economies. These regions have huge opportunities to expand in overall cold chain developments. Among developed regions, Europe is the most lucrative market, which is followed by North America. The refrigerated transport in the United States is expected to record a CAGR of 11.8% during the forecast period.

MAJOR PLAYERS: AMERICOLD LOGISTICS LLC, VERSACOLD LOGISTICS, MILLARD REFRIGERATED SERVICES, NICHIREI LOGISTICS GROUP INC, MUK LOGISTICS GMBH, NORDIC COLD STORAGE LLC, SWIRE COLD STORAGE, GRUPPO MARCONI LOGISTICA, LINEAGE LOGISTICS, VERSACOLD, PENSKE LOGISTICS and MD LOGISTICS, amongst others.

Reasons to Purchase this Report
Analyzing outlook of the market with the recent trends and Porter’s five forces analysis.
Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period.
Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects.
Country-level analysis, integrating the demand and supply forces that are influencing the growth of the market.
Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years.
Comprehensive company profiles, covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players.
3 months analyst support along with the Market Estimate sheet (in excel).

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Companies Mentioned:
Americold Logistics LLC, Versacold Logistics, Millard Refrigerated Services, Nichirei Logistics Group Inc, MUK Logistics Gmbh, Nordic Cold Storage LLC, Swire Cold Storage, Gruppo Marconi Logistica, Lineage Logistics, VersaCold, Penske Logistics, MD Logistics

Table of Content

INTRODUCTION
1.1 Research Methodology
1.2 Definition of the Market
1.3 Report Description
KEY FINDINGS OF THE STUDY
MARKET OVERVIEW
3.1 Market Trends
MARKET DYNAMICS
4.1 Drivers
4.1.1 Increased Global Trade of Perishable Products
4.1.2 Expanding Organized Food Retail Chain
4.1.3 Government Support for Food Supply Chain Structure
4.1.4 Growing Food Service Restaurants and Food Manufacturing Facilities
4.2 Restraints
4.2.1 Technical Backwardness and Weak Infrastructure
4.2.2 Lack of Cold Chain Logistics Management System and Standards
4.3 Opportunities
4.2.3 Government Initiative to Reduce Food Wastage
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
MARKET SEGMENTS
5.1 By Application
5.1.1 Fruits and Vegetables
5.1.2 Meat/Seafood
5.1.3 Dairy and Frozen Dessert
5.1.4 Bakery & Confectionery
5.1.5 Ready-to Eat Meal
5.1.6 Others
5.2 By Product Type
5.2.1 Cold Storage
5.2.2 Transportation
5.2.3 Monitoring Component
5.3 By Temperature Type
5.3.1 Frozen
5.3.2 Chilled
5.4 By Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Others
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 Spain
5.4.2.4 France
5.4.2.5 Italy
5.4.2.6 Others
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 India
5.4.3.3 Japan
5.4.3.4 Australia
5.4.3.5 Others
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Others
5.4.5 Africa
5.4.5.1 South Africa
5.4.5.2 Others
Completive Landscape
6.1 Most Active Companies
6.2 Market Share Analysis
6.3 Most Adopted Market Strategies
Company Profiles
7.1 Americold Logistics LLC
7.2 Versacold Logistics
7.3 Millard Refrigerated Services
7.4 Nichirei Logistics Group Inc
7.5 MUK Logistics Gmbh
7.6 Nordic Cold Storage LLC
7.7 Swire Cold Storage
7.8 Gruppo Marconi Logistica
7.9 Lineage Logistics
7.10 VersaCold
7.11 Penske Logistics
7.12 MD Logistics
Appendix
8.1 Disclaimer
8.2 Sources
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