Cold Chain Logistics Market (By Type: Refrigerated Transport, Refrigerated Warehouse; By Temperature Type: Frozen, Chilled; By Technology: Dry Ice, Gel Packs, Eutectic Plates, Liquid Nitrogen, Quilts; By Process: Pre-Cooling Facilities, Cold Storage, Refrigerated Carriers, Packaging, Information Management System; By Application) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 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.

cold chain logistics market size

Key Pointers:

  • North America cold chain logistics market was reached at USD 98.7 billion in 2022
  • Europe region will grow at a highest CAGR of around 15.9% from 2023-2032
  • By application, the dairy and frozen desserts segment had accounted 25% revenue share in 2022
  • The fruits and vegetables application segment garnered 21% market share in 2022
  • By type, the refrigerated warehouse segment accounted largest market share of 62% in 2022
  • The refrigerated transportation type segment has garnered 40% revenue share in 2022

Cold Chain Logistics Market Report Scope

Report Coverage

Details

Market Size in 2023

USD 320.02 Billion

Market Size by 2032

USD 1,047.28 Billion

Growth Rate From 2023 to 2032

CAGR of 14.08%

Base Year

2022

Forecast Period

2023 to 2032

Segments Covered

Type, Temperature Type, Technology, Process, Application

Market Analysis (Terms Used)

Value (US$ Million/Billion) or (Volume/Units)

Regional Scope

North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa

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:

  • Lineage Logistics Holdings LLC
  • Snowman Logistics Ltd.
  • AmeriCold Logistics LLC
  • Nichirei Corporation
  • Preferred Freezer Services Inc.

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

  • Refrigerated Transport
  • Railways
  • Airways
  • Roadways
  • Waterways
  • Refrigerated Warehouse

By Temperature Type

  • Frozen
  • Chilled

By Technology

  • Dry Ice
  • Gel Packs
  • Eutectic Plates
  • Liquid Nitrogen
  • Quilts

By Process

  • Pre-Cooling Facilities
  • Cold Storage
  • Refrigerated Carriers
  • Packaging
  • Information Management System

By Application

  • Pharmaceuticals
  • Dairy and frozen desserts
  • Fruits and vegetables
  • Bakery and confectionery
  • Process food
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa (MEA)

Frequently Asked Questions

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

The global cold chain logistics market is poised to grow at a CAGR of 14.08% from 2023 to 2032.

The major players operating in the cold chain logistics market are Lineage Logistics Holdings LLC, Snowman Logistics Ltd., AmeriCold Logistics LLC, Nichirei Corporation, Preferred Freezer Services Inc.

Asia Pacific region will lead the global cold chain logistics market during the forecast period 2023 to 2032.

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

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