Bakery & confectionery, meat & seafood, dairy & frozen desserts, biopharmaceuticals, sauces, and fruits & vegetables are the main categories under the application segment of the market. Out of these, the meat & seafood category recorded the highest growth in the market in the years gone by, as per the findings of the market research company, P&S Intelligence. This was because of the huge demand for proper cold storage facilities for meat and seafood in several countries around the world.
This demand was particularly high in India, Chile, Indonesia, and China, which are some of the largest meat and seafood-producing countries in the world. The market is also classified, on the basis of type, into refrigerated transport and refrigerated storage. Between these, the refrigerated storage category registered higher growth in the market in the past, on account of the huge investments made by various organizations in the development of cold storage facilities and refrigerated warehouses in the developing nations.
Globally, the Asia-Pacific (APAC) cold chain market was found to be the most lucrative one in 2015. This is credited to the existence of numerous refrigerated warehouses in China and India. In APAC, the industry is currently booming in China, on account of the country being one of the largest fruits and vegetables producing nations in the world. In addition to this, the country has a well-developed refrigeration infrastructure for logistics and food processing.
Thus, it can be safely said that the requirement for a well-developed cold chain would surge all over the world in the future years, on account of the growing consumption of processed foods, fast foods, and ready-to-eat food items and the increasing transportation of fruits and vegetables, meat & seafood, and dairy products across different regions around the world.
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This market research report provides a comprehensive overview of the cold chain market
Historical and the present size of the cold chain market
Future potential of the market through its forecast for the period 2020– 2030
Major factors driving the market and their impact during the short, medium, and long terms
Market restraints and their impact during the short, medium, and long terms
Recent trends and evolving opportunities for the market participants
Historical and the present size of the market segments and understand their comparative future potential