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Global Cold Chain Market

Global Cold Chain Market

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Global Cold Chain Market

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  1. Global Cold Chain Market: Industry Analysis and Forecast (2020-2026) by Temperature Type, Packaging, Application, and Region Global Cold Chain Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 7.2 % through 2020 to 2026, reaching nearly US$ XX Bn. Global Cold Chain Market Overview: Demand for food products that are good in taste and high in nutrient contents is rising at an exponential rate. This has resulted in increased demand for fruits, vegetables, and meat products that are high in nutrient contents and easily available in nature. Low lifespan and urgency in demand for perishable food products have resulted in increased use of the Cold Chain Market. Cold Chain consists of temperature-controlled machinery that is used for storage and transport of food products that have a low life span. The inefficiency of the conventional supply chain has resulted in a boom in the cold chain market. Increasing population, rising food consumption and the presence of poor storage and supply chain infrastructure have resulted in the growth in the Global Cold Chain Market. Global Cold Chain Market Dynamics: Rising health concerns and an increase in the consumption of organic and nature- based food products have resulted in increased consumption of fruits, vegetables, and meat products. The presence of these resources at a long distance from a fast- paced and financially stable urban population has resulted in demand for transport of these products from their source to the plate in consumable condition. Cold Chain has thus helped in providing fresh food products without any compromise in condition, taste, and quality of the food products. Trade-related to perishable goods requires specially designed containers that can hold the quality of food products without causing any damage to its nutrient contents. Cold Chain provides the service of safe and convenient transportation for perishable goods resulting in the increased consumption throughout the world. The Cold Chain supply chain holds 42% of the total revenue generated by trading perishable food products. Increasing demand for food products in freeze conditions has resulted in a rise in demand for appropriate equipment that can maintain low temperature without causing any damage to the food product. The Global Frozen Food Products market has observed 18% rises in the year 2017-18. This increased demand requires well- equipped machinery to maintain the temperature. The increasing population, rising food consumption, and growth in preference for Frozen Food products have resulted in the rise in the Global Cold Chain Market. Restraints:

  2. The high maintenance cost of Cold Chain equipment is the major restraining factor here. Damage to the environment caused by Freon gas that is the main component used in the cold chain has resulted in a backlash from different environmental institutions. Investment required to set business for a new entrant is very high. This has resulted in a monopoly by established players limiting the entry to new players. Global Cold Chain Market Segment Analysis: The Global Cold Chain Market is segmented on the basis of By Temperature Types, sub-segments consist of frozen type Cold Chain apparatus and Chilled type cold chain apparatus. It is observed that frozen type apparatus are dominating the Global Cold Chain Market. For long-range transport, frozen type apparatus is used. By Packaging consists of different types of storage equipment used in the Cold Chain Market. It is observed that Crates and Insulated Containers & Boxes dominate the Global Cold Chain Market. 23% of the total logistics and supply chain in this industry is done through these types of equipment. Cold Chain Bags and Vaccine Bags are used mostly by the Pharmaceutical Industry. Though these types of boxes are used on a lower scale, they account for 20% of the total revenue in this market. Frozen Dairy Products and Frozen Desserts use chilled type cold chain apparatus and are used on large scale in the commercial sector. Corrugated Boxes and Cold Packs are used as per specifications and requirements. By Application, It is observed that Fish, Meat & Seafood products are the major consumers of the Cold Chain Market. With nearly 25% of the total market share, these products dominate the applications of the Global Cold Chain Market. Short life span and need on regular basis have resulted in the use of Cold Chain equipment for storing and transporting Fruits and Vegetables on large scale. With more than 15% of the market share and use on regular basis, Fruits and vegetables use Cold Chain equipment for transport and storage. Other applications consist of Bakery & Confectionery Products, Frozen Food products, and pharmaceuticals that are transported and stored by using cold chain equipment. Global Cold Chain Market

  3. To know about the Research Methodology :- Request Free Sample Report The above pie chart shows the application of cold chain apparatus by different constituents of the market. It is observed that Fish, Meat, and Seafood products dominate the total consumption in the cold chain market. These products are consumed on a regular scale by a large number of people. An increase in demand for these food products and the distance between the source and place of consumption of these food products have resulted in demand for an efficient supply chain that transports these food products in consumable condition. With increasing troubles in getting these food products in their regular sources, the importance of cold chain equipment has increased. Fruits and Vegetables come in the second position. Increasing population and increased consumption have resulted in the use of Cold Chain equipment than traditional methods used for transporting fruits and vegetables. Frozen Dairy products come in the third position. The rise in preference and the presence of rich nutritional elements that come with them have resulted in the increased demand for Frozen Dairy products. Increased demand for exotic food products has resulted in a rise in the consumption of Frozen Desserts. Bakery and Confectionery food products that require a cool temperature to maintain their taste and texture come in the fourth position. Pharmaceuticals in the form of vaccines and drugs that have active microbes are stored and transported by using cold chain equipment. Urgent in need and rarity in nature have resulted in pharmaceuticals in the fifth position in overall applications. Different industries use Cold Chain equipment for storing and transferring their products as per need. Global Cold Chain Market Regional Insights The above image shows a pictorial representation of the Global Cold Chain Market in the world. It is observed that North America is the biggest market for Cold Chain. Here, high preference by people for meat food products is the reason behind the presence of big Cold Chain market players. The use of meat products in food, beverages, and on the Industrial level is very big. To maintain texture and

  4. consumption for a longer time, meat products use cold chain equipment for transportation and storage. Europe comes in the second position. Along with high demand for food products, meat, fruit, and vegetables are used on large scale in the Cosmetics and Pharmaceutical Industry. The presence of many ports that trade in meat products and increased consumption by different industries has resulted in increased consumption in this region. The Asia-Pacific comes in the third position. The presence of a large population and ever-rising demand for food products has resulted in future assumptions as a market leader position for this region. The use of cold chain in the transport of perishable food products is increasing in this region. South American Market is showing stagnant growth that is attributed to the consumption of tropical and warm food products over frozen food products. The Middle East and Africa’s market is showing little growth, the reason for which is the presence of different social and economical factors. The objective of the report is to present a comprehensive analysis of the global Cold Chain market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Cold Chain market dynamics, structure by analyzing the market segments and Project the global Cold Chain market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Cold Chain market make the report investor’s guide. For More Information Visit : https://www.maximizemarketresearch.com/market- report/global-cold-chain-market/99467/ Global Cold Chain Market Scope: Inquire before buying

  5. Global Cold Chain Market, by Region • North America • Europe • Asia Pacific • Middle East and Africa • South America Global Cold Chain Market Key Players • Americold Logistics • Burris Logistics • Agro Merchants Group • Lineage Logistics Holdings • United States Cold Storage • Tippmann Group • Henningsen Cold Storage Co. • Hanson Logistics • Merchants Terminal Corp. • VersaCold Logistics Services • Congebec Inc. • Conestoga Cold Storage • Confederation Freezers • Trenton Cold Storage • Kloosterboer • Newcold • Seafrigo • Stockhabo • Nichirei Corporation

  6. • Coldman Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities. About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Contact Us : Email Id: sales@maximizemarketresearch.com

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