The global cold chain logistics market research report is a comprehensive study that examines various market segmentations and their sub-segments such as location, applications, and product types, including:
- Fruits & Vegetables
- Bakery & Confectionery
- Dairy & Frozen Desserts
- Fish, Meat, & Seafood
A Look into the Global Cold Chain
The cold chain is one of the emerging markets in the logistics industry, which is expected to grow at a rapid pace during the forecast period. According to the new market research report, the Cold Chain Logistics Market was worth 202.95 Billion USD in 2017 and is estimated to reach 447.5 Billion USD by 2025. The growth of the cold chain industry is due to the increase in the organized retail and food service industry market and technological advancements in packaging, processing, transport, and storage of perishable items.
As the largest market of cold chain logistics, North America, had a world market value share nearly 26.96% in 2017. The second largest market is Europe, with the market value share over 26.76% in 2017.
Factors Impacting Global Cold Chain Logistics
Decrease in Food Waste
Increase in the use of cold chain logistics and warehousing practices have led to reduction in loss of food and other perishable products.
Changing Government Regulations
Developing economies and countries emphasize the implementation of policies and regulations that focus on consumer health and safety. In 2016, the Food and Drug Administration released final rules for “Sanitary Transportation” of food products that are used for human and animal food.
Online Shopping
Experts predict that online food and drinks sales revenue will grow to $18 billion, an average 21.1% growth year-on-year since 2013.
Get Started with Cargo Data’s Products and Services
Cold chain logistics is essential for the safe and sanitary delivery of temperature sensitive items. Monitoring temperature during the transportation of many perishable items is not only suggested, but it’s required. If you’re ready to implement a simple, yet highly effective and efficient FSMA-compliant temperature monitoring system, give us a call. We offer free consultations and can be reached at (800) 338-8134.