Cold Chain Logistics Market Share Analysis Report, 2023-2032
The global cold chain logistics market size was exhibited at USD 280.52 billion in 2022 and is projected to hit around USD 1,047.28 billion by 2032, growing at a CAGR of 14.08% during the forecast period 2023 to 2032.
Key Pointers:
Cold Chain Logistics Market Report Scope
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Report Coverage |
Details |
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Market Size in 2023 |
USD 320.02 Billion |
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Market Size by 2032 |
USD 1,047.28 Billion |
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Growth Rate From 2023 to 2032 |
CAGR of 14.08% |
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Base Year |
2022 |
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Forecast Period |
2023 to 2032 |
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Segments Covered |
Type, Temperature Type, Technology, Process, Application |
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Market Analysis (Terms Used) |
Value (US$ Million/Billion) or (Volume/Units) |
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Regional Scope |
North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa |
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Key Companies Profiled |
Lineage Logistics Holdings LLC, Snowman Logistics Ltd., AmeriCold Logistics LLC, Nichirei Corporation, Preferred Freezer Services Inc. |
Cold chain logistics is the technology and process that allows safe transport of temperature-sensitive goods and products such as fresh agricultural products, seafood, frozen food, photographic film, chemicals, and pharmaceutical drugs along with the supply chain. It impacts every stage of the supply chain, from purchase to transportation, storage, and last-mile delivery. The transportation modes for product supply include refrigerated trucks, refrigerated railcars, refrigerated cargo, and air cargo. The process further involves utilization of temperature-controlled warehouses for storage and cold-insulated transport vehicles for product distribution. Furthermore, cold chains are essential for extending marketing, preventing over capacity, reducing transport bottlenecks during peak period, and maintaining product quality.
In addition to providing quality and safe products to consumers, cold supply chain logistics largely contributes to the economy and workforce. Quality products led to higher demand and contribute to economic growth. Moreover, it plays an essential role in reducing the wastage of perishable products & commodities, thus providing remunerative prices to farmers. In India, new initiatives such as a planned infrastructure investment of around INR 100 lakh crore boost the rural economy, and has put the food processing sector on a high growth trajectory, which, in turn, has increased the demand for cold chain logistics in the processed food sector. In addition, implementation of technology in cold chain logistics delivers modern warehouse management by using modern heavy-duty refrigeration systems that help maintain proper temperature during transportation & storage of goods. The adoption of innovative IoT-based automated software for cold chain management provides live data to operators, thus allowing unmatched visibility into every process and transaction within cold chain logistics. Operators can connect to intermodal shipping containers, cargo, vessels, and trailers with enterprise IT systems via sensors, GPS, mobile networks, and cloud-based platform.
Factors such as an increase in the number of refrigerated warehouses and growth in the pharmaceutical sector are expected to drive the growth of the cold chain logistics market. In addition, growth in the processed food sector is anticipated to boost the market growth. However, factors such as lack of standardization and high operational cost restrain the market growth. On the contrary , radiofrequency identification technology (RFID) technology for cold chain applications and the adoption of software for cold chain logistics provide lucrative growth opportunities for the market players.
Warehouse is a large storage area for storing goods. Dozens of cold chain systems warehouses are intended to provide temperature-sensitive products with ideal storage and transportation conditions .. Owing to the fluctuating market demand for products, the need to store goods has increased necessitating the need for a warehouse.. Businesses invest millions of dollars in their cold chain operations to create effective, efficient, and reliable processes, as end-to-end cold chain security is the weak link in the system. The introduction of refrigerated warehouses significantly satisfies the manufacturers of these temperature-sensitive products.
In Vietnam, owing to the rise in the middle-class population, the food processing industry has grown in recent years. In 2019, the food and pharmaceutical markets, which require refrigerated transport in the Vietnamese retail market, were estimated to grow to about $10.9 billion in 2020 as per the Euromonitor study. Furthermore, in 2022, Lineage Logistics Holding, LLC announced the strategic expansion of its facility network near the major port in Savannah, Georgia, that provides additional capacity for imported and exported frozen and refrigerated products. Thus, an increase in refrigerated warehouses fuels the growth of the cold chain logistics market.
Pharmaceutical manufacturers focus on product quality and sensitivity. Factors such as the development of complex biological-based medicines, shipments of hormone treatments, vaccines, and complex proteins that require cold chain refinements result in the need for temperature-controlled transportation and warehousing. Moreover, the demand for effective cold chain logistics services to maintain the quality of goods fuels the market growth. In addition, cold chain, supply chain, and logistics for the pharmaceutical industry are becoming more strategic and reliable. Since the vaccinations for COVID-19 have already been given during the global pandemic outbreak, cold chain logistics for pharmaceutical products necessitates a robust cold chain with specific quality assurance criteria.. In 2019, the International Air Transport Association (IATA) estimated 6%increase in cold chain logistics for pharmaceutical industry by 2022, reaching $397 billion in global biopharma sales. Accordingly, logistics companies and airlines specializing in pharma transportation offer services that match the higher demands. Hence, high-value pharmaceutical products transportation solutions across the entire distribution network drive worldwide growth.
Some of the prominent players in the Cold Chain Logistics Market include:
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Cold Chain Logistics market.
By Type
By Temperature Type
By Technology
By Process
By Application
By Region
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Cold Chain Logistics Market
5.1. COVID-19 Landscape: Cold Chain Logistics Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Cold Chain Logistics Market, By Type
8.1. Cold Chain Logistics Market, by Type, 2023-2032
8.1.1. Refrigerated Transport
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Refrigerated Warehouse
8.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Cold Chain Logistics Market, By Temperature Type
9.1. Cold Chain Logistics Market, by Temperature Type, 2023-2032
9.1.1. Frozen
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Chilled
9.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Cold Chain Logistics Market, By Technology
10.1. Cold Chain Logistics Market, by Technology, 2023-2032
10.1.1. Dry Ice
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Gel Packs
10.1.2.1. Market Revenue and Forecast (2020-2032)
10.1.3. Eutectic Plates
10.1.3.1. Market Revenue and Forecast (2020-2032)
10.1.4. Liquid Nitrogen
10.1.4.1. Market Revenue and Forecast (2020-2032)
10.1.5. Quilts
10.1.5.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Cold Chain Logistics Market, By Process
11.1. Cold Chain Logistics Market, by Process, 2023-2032
11.1.1. Pre-Cooling Facilities
11.1.1.1. Market Revenue and Forecast (2020-2032)
11.1.2. Cold Storage
11.1.2.1. Market Revenue and Forecast (2020-2032)
11.1.3. Refrigerated Carriers
11.1.3.1. Market Revenue and Forecast (2020-2032)
11.1.4. Packaging
11.1.4.1. Market Revenue and Forecast (2020-2032)
11.1.5. Information Management System
11.1.5.1. Market Revenue and Forecast (2020-2032)
Chapter 12. Global Cold Chain Logistics Market, By Application
12.1. Cold Chain Logistics Market, by Application, 2023-2032
12.1.1. Pharmaceuticals
12.1.1.1. Market Revenue and Forecast (2020-2032)
12.1.2. Dairy and frozen desserts
12.1.2.1. Market Revenue and Forecast (2020-2032)
12.1.3. Dairy and frozen desserts
12.1.3.1. Market Revenue and Forecast (2020-2032)
12.1.4. Bakery and confectionery
12.1.4.1. Market Revenue and Forecast (2020-2032)
12.1.5. Process food
12.1.5.1. Market Revenue and Forecast (2020-2032)
12.1.6. Others
12.1.6.1. Market Revenue and Forecast (2020-2032)
Chapter 13. Global Cold Chain Logistics Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Type (2020-2032)
13.1.2. Market Revenue and Forecast, by Temperature Type (2020-2032)
13.1.3. Market Revenue and Forecast, by Technology (2020-2032)
13.1.4. Market Revenue and Forecast, by Process (2020-2032)
13.1.5. Market Revenue and Forecast, by Application (2020-2032)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Type (2020-2032)
13.1.6.2. Market Revenue and Forecast, by Temperature Type (2020-2032)
13.1.6.3. Market Revenue and Forecast, by Technology (2020-2032)
13.1.6.4. Market Revenue and Forecast, by Process (2020-2032)
13.1.7. Market Revenue and Forecast, by Application (2020-2032)
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Type (2020-2032)
13.1.8.2. Market Revenue and Forecast, by Temperature Type (2020-2032)
13.1.8.3. Market Revenue and Forecast, by Technology (2020-2032)
13.1.8.4. Market Revenue and Forecast, by Process (2020-2032)
13.1.8.5. Market Revenue and Forecast, by Application (2020-2032)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Type (2020-2032)
13.2.2. Market Revenue and Forecast, by Temperature Type (2020-2032)
13.2.3. Market Revenue and Forecast, by Technology (2020-2032)
13.2.4. Market Revenue and Forecast, by Process (2020-2032)
13.2.5. Market Revenue and Forecast, by Application (2020-2032)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Type (2020-2032)
13.2.6.2. Market Revenue and Forecast, by Temperature Type (2020-2032)
13.2.6.3. Market Revenue and Forecast, by Technology (2020-2032)
13.2.7. Market Revenue and Forecast, by Process (2020-2032)
13.2.8. Market Revenue and Forecast, by Application (2020-2032)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Type (2020-2032)
13.2.9.2. Market Revenue and Forecast, by Temperature Type (2020-2032)
13.2.9.3. Market Revenue and Forecast, by Technology (2020-2032)
13.2.10. Market Revenue and Forecast, by Process (2020-2032)
13.2.11. Market Revenue and Forecast, by Application (2020-2032)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Type (2020-2032)
13.2.12.2. Market Revenue and Forecast, by Temperature Type (2020-2032)
13.2.12.3. Market Revenue and Forecast, by Technology (2020-2032)
13.2.12.4. Market Revenue and Forecast, by Process (2020-2032)
13.2.13. Market Revenue and Forecast, by Application (2020-2032)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Type (2020-2032)
13.2.14.2. Market Revenue and Forecast, by Temperature Type (2020-2032)
13.2.14.3. Market Revenue and Forecast, by Technology (2020-2032)
13.2.14.4. Market Revenue and Forecast, by Process (2020-2032)
13.2.15. Market Revenue and Forecast, by Application (2020-2032)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Type (2020-2032)
13.3.2. Market Revenue and Forecast, by Temperature Type (2020-2032)
13.3.3. Market Revenue and Forecast, by Technology (2020-2032)
13.3.4. Market Revenue and Forecast, by Process (2020-2032)
13.3.5. Market Revenue and Forecast, by Application (2020-2032)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Type (2020-2032)
13.3.6.2. Market Revenue and Forecast, by Temperature Type (2020-2032)
13.3.6.3. Market Revenue and Forecast, by Technology (2020-2032)
13.3.6.4. Market Revenue and Forecast, by Process (2020-2032)
13.3.7. Market Revenue and Forecast, by Application (2020-2032)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Type (2020-2032)
13.3.8.2. Market Revenue and Forecast, by Temperature Type (2020-2032)
13.3.8.3. Market Revenue and Forecast, by Technology (2020-2032)
13.3.8.4. Market Revenue and Forecast, by Process (2020-2032)
13.3.9. Market Revenue and Forecast, by Application (2020-2032)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Type (2020-2032)
13.3.10.2. Market Revenue and Forecast, by Temperature Type (2020-2032)
13.3.10.3. Market Revenue and Forecast, by Technology (2020-2032)
13.3.10.4. Market Revenue and Forecast, by Process (2020-2032)
13.3.10.5. Market Revenue and Forecast, by Application (2020-2032)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Type (2020-2032)
13.3.11.2. Market Revenue and Forecast, by Temperature Type (2020-2032)
13.3.11.3. Market Revenue and Forecast, by Technology (2020-2032)
13.3.11.4. Market Revenue and Forecast, by Process (2020-2032)
13.3.11.5. Market Revenue and Forecast, by Application (2020-2032)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Type (2020-2032)
13.4.2. Market Revenue and Forecast, by Temperature Type (2020-2032)
13.4.3. Market Revenue and Forecast, by Technology (2020-2032)
13.4.4. Market Revenue and Forecast, by Process (2020-2032)
13.4.5. Market Revenue and Forecast, by Application (2020-2032)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Type (2020-2032)
13.4.6.2. Market Revenue and Forecast, by Temperature Type (2020-2032)
13.4.6.3. Market Revenue and Forecast, by Technology (2020-2032)
13.4.6.4. Market Revenue and Forecast, by Process (2020-2032)
13.4.7. Market Revenue and Forecast, by Application (2020-2032)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Type (2020-2032)
13.4.8.2. Market Revenue and Forecast, by Temperature Type (2020-2032)
13.4.8.3. Market Revenue and Forecast, by Technology (2020-2032)
13.4.8.4. Market Revenue and Forecast, by Process (2020-2032)
13.4.9. Market Revenue and Forecast, by Application (2020-2032)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Type (2020-2032)
13.4.10.2. Market Revenue and Forecast, by Temperature Type (2020-2032)
13.4.10.3. Market Revenue and Forecast, by Technology (2020-2032)
13.4.10.4. Market Revenue and Forecast, by Process (2020-2032)
13.4.10.5. Market Revenue and Forecast, by Application (2020-2032)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Type (2020-2032)
13.4.11.2. Market Revenue and Forecast, by Temperature Type (2020-2032)
13.4.11.3. Market Revenue and Forecast, by Technology (2020-2032)
13.4.11.4. Market Revenue and Forecast, by Process (2020-2032)
13.4.11.5. Market Revenue and Forecast, by Application (2020-2032)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Type (2020-2032)
13.5.2. Market Revenue and Forecast, by Temperature Type (2020-2032)
13.5.3. Market Revenue and Forecast, by Technology (2020-2032)
13.5.4. Market Revenue and Forecast, by Process (2020-2032)
13.5.5. Market Revenue and Forecast, by Application (2020-2032)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Type (2020-2032)
13.5.6.2. Market Revenue and Forecast, by Temperature Type (2020-2032)
13.5.6.3. Market Revenue and Forecast, by Technology (2020-2032)
13.5.6.4. Market Revenue and Forecast, by Process (2020-2032)
13.5.7. Market Revenue and Forecast, by Application (2020-2032)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Type (2020-2032)
13.5.8.2. Market Revenue and Forecast, by Temperature Type (2020-2032)
13.5.8.3. Market Revenue and Forecast, by Technology (2020-2032)
13.5.8.4. Market Revenue and Forecast, by Process (2020-2032)
13.5.8.5. Market Revenue and Forecast, by Application (2020-2032)
Chapter 14. Company Profiles
14.1. Lineage Logistics Holdings LLC
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Snowman Logistics Ltd.
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. AmeriCold Logistics LLC
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Nichirei Corporation
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Preferred Freezer Services Inc.
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers