Zion Market Research has released a new research, “Cold Chain Equipment (Storage and Transport) Market for Meat, Fish & Seafood, Dairy & Frozen Desserts, Vegetables & Fruits, Bakery & Confectionary, and Others End-Uses: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2022- 2028.” According to the analysis, the The global Cold Chain Equipment Market earned roughly 108.60 (USD Billion) in 2021 and is expected to earn approximately 205.80 (USD Billion) by 2028, with a CAGR of almost 9.8 percent from 2022 to 2028.
The cold chain is an unbroken supply chain that only services temperature-controlled storage and distribution facilities in order to lengthen and assist maintain the shelf life of items such as vaccines, pharmaceuticals, and chemicals. Cold chain equipment is a critical component of the supply chain in the cold chain process. The cold chain equipment and vaccine carriers guarantee that the items distributed/transported are safe, efficient, and of high quality.
The rising desire to prevent food waste globally is driving the global cold chain industry. Second, the increasing expansion of the frozen food industry is likely to fuel the market for cold chain equipment. High installation costs, along with tight government laws and regulations, are projected to stymie the expansion of the cold chain equipment market. Nonetheless, rising food consumption in emerging markets is expected to offer up new opportunities for the cold chain equipment market in the near future.
In 2014, the storage equipment sector led the cold chain equipment market, accounting for more than 50.0 percent of the worldwide market. In 2014, the market for storage equipment was followed by the market for transport equipment. Furthermore, storage equipment is likely to continue this trend in the next years due to the growing need for storage equipment to meet the increasing need for food, as well as the high demand for frozen food throughout the world.
The worldwide cold chain equipment market was led by the meat, fish, and seafood category in terms of end-uses. It accounted for more than 35.0 percent of total income earned in 2014. Furthermore, it is likely to stay a lengthy sector due to strong worldwide demand for meat, fish, and seafood. Furthermore, dairy and frozen desserts are another major channel that is likely to increase significantly in the near future.
During the projected period, Asia Pacific is predicted to be one of the fastest expanding regional markets for cold chain equipment. This market expansion is likely to be driven by a rise in cold chain management adoption in India and China. Thus, rising demand for cold chain logistics in emerging economies is one of the primary trends projected to contribute to the global cold chain market’s growth in the coming years.
AmeriCold Logistics, Lineage Logistics, Preferred Freezer Services, and Swire Cold Storage are among the key companies in the worldwide cold chain industry, as are A.B. Oxford Cold Storage, Bring Frigoscandia AS, Burris Logistics, Claus Sorensen, Cloverleaf Cold Storage, ColdEX, and Columbia Colstor.
This research divides the worldwide cold chain equipment market into the following segments:
This report segments the global cold chain equipment market as follows:
Cold Chain Equipment Market: Product Segment Analysis
Storage Equipment
Transport Equipment
Cold Chain Equipment Market: End-User Segment Analysis
Meat, Fish & Seafood
Dairy & Frozen Desserts
Vegetables & Fruits
Bakery & Confectionary
Others
Cold Chain Equipment Market: Regional Segment Analysis
North America
Europe
Asia Pacific
Rest of World
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