Lucintel's latest market report analyzed that cold chain logistics provides attractive opportunities in the fruits and vegetables, dairy and frozen products (milk, butter, cheese, ice cream, and others), pharmaceuticals, bakery and confectionary, fish, meat, and seafood, and processed food market. The cold chain logistics market is expected to reach $XX billion by 2028 with a CAGR of 14% to 16%. In this market, refrigerated warehouses is the largest segment by product type, whereas dairy and frozen products is largest by application. Adoption of innovative IoT based automated software for cold chain logistics management, increasing trade liberalization, and governments’ attempts to decrease food waste provides strategic growth path in this market.
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Based on product type, the cold chain logistics market is segmented into refrigerated warehouses and refrigerated transportation. The refrigerated warehouses segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the change in lifestyle leads to growing preference for packaged food products across the globe, increasing requirement to ensure food safety and taste consistency, post pandemic shift in trend towards online grocery shopping, and increasing demand for cold storage from pharmaceutical industry.
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The Cold Chain Logistics Market is marked by the presence of several big and small players. Some of the prominent players offering cold chain logistics include AmeriCold Logistics LLC, Preferred Freezer Services Inc., Lineage Logistics Holdings LLC, Nichirei Corporation, Snowman Logistics Ltd, Burris Logistics Inc., AGRO Merchants Group LLC, and Kloosterboer Group B.V..
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
Cell: 303.775.0751
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