Cold Chain Market: Overview
The growing demand for frozen and chilled food and beverages owing to the shifting preferences of consumers will boost the development of the global cold chain market for food industry. In addition, the huge development potential in emerging markets as well as the untapped regions present new development opportunities for the players operating in the global cold chain market for food industry.
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This study provides a detailed evaluation of the cold chain market in the food industry and incorporates statistically backed and industry-validated information, facts, and historical data. It presents a complete evaluation of the top players operating in the market and a crisp insight on the trends and developments taking place in the market. In addition, the strategies adopted by prime players and their key offerings in the market have also been presented. The leading segments and sub-segments in this market and their predicted growth by the end of 2023 is also presented under this report.
A detailed analysis has also been presented on the technological advancements taking place in the market in this study. In addition, the value chain analysis and stake holder analysis of the global cold chain market for food industry is also presented under this report. The dynamics influencing the growth of this market have also been studied in detail under this study. The regulatory scenario of the market has also been highlighted under the purview of this report.
Cold Chain Market: Drivers and Restraints
The global cold chain market is driven by numerous initiatives been taken by governments globally for the development of cold chain infrastructure. In addition, the need for transport facilities and cold storage and the growing activities of export and import have resulted in numerous capital investments by prime players. This will also positively impact the development of the global cold chain market for food industry. Furthermore, the growing disposable incomes and the swift urbanization globally have also boded well for the development of the overall market.
The globally rising population has also resulted in an increased demand for convenience and processed foods, thus fuelling the cold chain market in the food industry. The development in perishable food products’ international trade will also positively influence the global cold chain market. The cold chain service providers are targeting on the adoption of cutting-edge technologies for catering to the growing demand for food safety in convenience and processed foods. This is why, cold chain is seen as a top business opportunity for the coming years resulting in numerous multinational vendors’ penetration into this market for providing better cold chain solutions. Hence, the adoption of cutting-edge technologies will also bolster the over growth of global cold chain market for the food industry. However, the dearth of funds and the underdeveloped cold chain infrastructure in numerous emerging economies have come up as key bottlenecks in the cold chain market for food industry.
Cold Chain Market: Region-wise Outlook
In terms of regions, the global cold chain market for food industry is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW). Of these, the North America cold chain market is the top market. The increasing demand for chilled and frozen foods and the rising trade activities will drive the growth of the market in North America.
Key players Mentioned in the Report are:
The top players dominant in the market are DHL International GmbH, FedEx Corporation, Continental Air Cargo, World Courier, and Kuehne and Nagel International AG, among others.