Cold Chain Logistics Market to Reach Valuation of USD 464.0 Million by 2028 – the Increasing Amount of FDI the Market forCold Chain Logisticsis Expected to Grow

In terms of revenue, the Global Cold Chain Logistics Market is expected to reach USD 464.0 Million by 2028, growing at a Compound Annual Growth Rate (CAGR) of 14.10% from 2022 to 2028.

The technique and method, known as "Cold Chain Logistics" enables the supply chain to safely move temperature-sensitive commodities and products such as fresh produce, seafood, frozen foods, photographic film, chemicals, and pharmaceutical medications. Every phase of the supply chain is affected, including procurement, transportation, storage, and last-mile delivery. The market will expand more quickly because of the rising use of this software in various Cold Chain Logistics-dependent businesses. There will be a growing need for cold storage logistics as there is an increase in distribution channels, such as supermarkets, hypermarkets, and various styles of convenience stores.

Key Highlights from Report:

• The market for Dairy & Frozen Dessertsproducts is anticipated to expand as the demand for various dairy products rises. The market will expand as there is an increase in the demand for frozen meat. Dairy products are consumed to the greatest extent possible. Hence this market segment is anticipated to have the largest market share over the projection period.
• The sector for Refrigerated Warehouses anticipated holding the biggest market share. In the upcoming years, the refrigerated warehouse segment will rule the market. The requirement for its storage grows as the demand for packaged food items increases globally. Changes in lifestyle and rising purchasing power have altered food consumption trends. Demand for various food goods, including frozen food items, is rising.
• The Asia Pacific region is anticipated to experience the greatest development during the projection period. Due to increased government spending on building the infrastructure for Cold Chain Logistics.

Market Dynamics:

Cold chains are crucial for extending marketing, avoiding capacity issues, minimizing traffic jams during peak hours, and preserving product quality. The number of refrigerated warehouses is forecast to rise, and the pharmaceutical industry is anticipated to expand, two factors that will fuel the market for Cold Chain Logistics. Additionally, it is projected that expansion in the processed food industry will accelerate market expansion. The market expansion, however, is constrained by issues such as a lack of standardization and expensive operating costs. On the other hand, adopting the software for Cold Chain Logistics and using radiofrequency identification (RFID) technology for cold chain applications offer lucrative potential opportunities for the market's participants.

The Asia Pacific is anticipated to develop at the fastest rate. The rising government measures to strengthen the infrastructure for cold chain services are projected to propel the market's expansion. Dairy, meat, and processed food are in high demand in China, Japan, India, and South Korea. It is hoped that this will encourage market expansion. In addition, rising foreign direct investments in the healthcare industry are anticipated to fuel market expansion.

The Global Cold Chain Logistics Market is Segmented as follows:

• Type
  • Refrigerated Warehouses
  • Refrigerated Transportation
• Application
  • Dairy & Frozen Desserts
  • Fish, Meat, & Seafood Products
  • Bakery & Confectionery Products
  • Fruits & Vegetables
  • Other Applications
• Temperature
  • Frozen
  • Chilled
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

List of the Key Players of the Global Cold Chain Logistics Market is:

Americold Logistics, Lineage Logistics Holdings, Nichirei Corporation, Burris Logistics, Agro Merchants Group, Kloosterboer, United States Cold Storage, Tippmann Group, VersaCold Logistics Services, Henningsen Cold Storage Co., Coldman, Congebec Inc, Conestoga Cold Storage, NewCold, Hanson Logistics Confederation Freezers, Seafrigo, Trenton Cold Storage, Merchants Terminal Corporation, Stockhabo

The Global Cold Chain Logistics Market Scope can be Tabulated as below: