NEW YORK, Sept. 28, 2023 /PRNewswire/ -- The frozen food cold chains market size is expected to grow by USD 214.02 billion between 2022 and 2027. However, the growth momentum of the market will progress at a CAGR of 17.36% during the forecast period. The market is segmented by Type (Refrigerated warehouse and Refrigerated transportation), Product (Frozen meat fish and seafood, Frozen fruits and vegetables, Frozen ready meals, and Others), and Geography (North America, APAC, Europe, South America, and Middle East and Africa). The growing demand for convenience food drives the frozen food cold chains market. As a result of their hectic lifestyle, consumers increasingly prefer ready-to-eat (RTE) meals, which can have a significant impact on the cooking time for food and the clean-up time. The convenience of frozen food attracts consumers as they are consistently seeking convenience when opting for packaged food products. Hence, such factors drive the growth of the frozen food cold chain market during the forecast period. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View a Free PDF Sample
Key Highlights:
- The report recognizes the following as some of the key players in the frozen food cold chains market: Americold Realty Trust Inc., Burris Logistics Co., Celcius Logistics Solutions Pvt. Ltd., ColdEX Ltd., Coldman Logistics Pvt. Ltd., Conestoga Cold Storage, Congebec Logistics Inc., DSV AS, Interstate Cold Storage Inc., Kraftverkehr Nagel SE and Co. KG, Lineage Logistics Holdings LLC, NewCold Cooperatief UA, Nichirei Corp., Penske Corp., Seafrigo Group, Stockhabo, Trenton Cold Storage, VersaCold Logistics Services, and Tippmann Group
- Frozen Food Cold Chains Market is fragmented in nature.
- Market to observe 16.34% YOY growth in 2023.
Market Dynamics:
Trend
- The rapid penetration of e-commerce boosting market growth is an emerging frozen food cold chains market trend.
- The growing internet penetration results in rapid growth in e-commerce businesses across the world.
- Furthermore, factors such as an increase in demand for convenient shopping, ease of searching for products, and attractive deals and special offers on frozen food products also boost the growth of online shopping.
- Hence, such trends fuel the growth of the frozen food cold chain market during the forecast period.
Challenge
- Health risks associated with the consumption of frozen food challenge the growth of the frozen food cold chains market.
- Processing and storing frozen foods at low temperatures is important to avoid spoilage and increase their shelf life.
- Healthy ingredients are often substituted by low-cost food alternatives by frozen food manufacturers.
- But daily consumption of frozen foods can lead to diseases. The health issues include kidney disease, diabetes, dementia, and obesity as well as increased chances for high blood pressure and other chronic health problems.
- Hence, such factors hinder the growth of the frozen food cold chain market during the forecast period.
The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing the report
Keg Segments:
The refrigerated warehouse segment is significant during the forecast period. A cold storage facility where temperature-controlled products, including meat, dairy products, and pharmaceutical products, are stored to prevent them from spoiling is considered a refrigerated warehouse. The rising demand for refrigerated warehouses and transportation facilities is due to an increase in the import and export of temperature-sensitive food products. Hence, such factors drive the growth of the refrigerated warehouse segment during the forecast period. Get a glance at the market contribution of the segments, Request a Free Sample
Related Reports:
The food and beverage cold chain logistics market is estimated to decline at a CAGR of 10.47% between 2022 and 2027. The size of the market is forecast to increase by USD 85,158.51 million.
The China Cold Chain Market size is estimated to grow at a CAGR of 19.1% between 2022 and 2027 and the size of the market is forecast to increase by USD 76.48 billion.
Frozen Food Cold Chains Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 17.36% |
Market growth 2023-2027 |
USD 214.02 billion |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
16.34 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
North America at 34% |
Key countries |
US, China, India, UK, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Americold Realty Trust Inc., Burris Logistics Co., Celcius Logistics Solutions Pvt. Ltd., ColdEX Ltd., Coldman Logistics Pvt. Ltd., Conestoga Cold Storage, Congebec Logistics Inc., DSV AS, Interstate Cold Storage Inc., Kraftverkehr Nagel SE and Co. KG, Lineage Logistics Holdings LLC, NewCold Cooperatief UA, Nichirei Corp., Penske Corp., Seafrigo Group, Stockhabo, Trenton Cold Storage, VersaCold Logistics Services, and Tippmann Group |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Type
Market Segmentation by Product
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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