The report “Cold Chain Market by Type (Refrigerated Storage, Transport), Temperature Range (Chilled, Frozen), Technology (Air Blown, Eutectic), Application (Fruits & Vegetables, Bakery & Confectionery, Dairy, Meat, Fish & Seafood) & Region – Global Forecast to 2020″, is estimated to be valued at USD 167.24 Billion in 2015, and is projected to grow at a CAGR of 7.0% from 2015 to 2020, to reach a value of USD 234.49 Billion. The cold chain in the food & beverages industry has been in demand owing to the growth in international trade for perishable food products, changing consumer preferences, and government initiatives for cold chain infrastructure development. Cold chain service providers focus on adopting new technologies to cater to the increasing demand for food safety in processed and convenience foods. Hence, cold chain will be viewed as a business opportunity in the next five years. As a result, many multinational players have entered into providing cold chain solutions.
- Cold chain service providers
- Third party logistics (3PL) providers
- Research institutions
- Raw material suppliers
- Cold chain solution providers
- Government bodies
- End-users (food industry)
Download PDF brochure to get more information@ http://www.marketsandmarkets.com/pdfdownload.asp?id=811
On the basis of application, the meat, fish & seafood segment is projected to dominate the cold chain market
The meat, fish & seafood segment has been estimated to lead the market in terms of value. The fruits & vegetables application segment of the global cold chain market is expected to grow at comparatively higher CAGR due to the rise in awareness of health products.
Frozen products are the most-widely consumed type of products
In 2014, the frozen segment accounted for the largest share in the cold chain market in terms of value. However, the chilled segment is projected to grow at comparatively higher CAGR due to the increasing demand for low temperatures at the time of storage, handling, distribution, retail display, and consumer storage.
Increasing health-consciousness among the consumers in developed and developing countries to boost the cold chain market
Countries in the Asia-Pacific, Latin American, and the Middle East regions are prospering in terms of the increasing usage of cold chain in the food industry. The rising population levels have also led to the rise in demand for processed and convenience foods, which is in turn driving the market for cold chain of perishable food products.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Americold Logistics, LLC (U.S.), Preferred Freezer Services (U.S.), Burris Logistics (U.S.), Lineage Logistics Holdings, LLC (U.S.), and Nichirei Logistics Group Inc. (Japan).
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.