The cold chain market is estimated to be valued at USD167.24bn in 2015, and is projected to reach USD234.49bn by 2020. It is projected to grow at a CAGR of 7.0% from 2015 to 2020, according to the latest report by Markets and Markets.
“With the growth of international trade for perishable and processed foods, changing consumption patterns for perishable foods, and government support for infrastructure development for the cold chain sector, the demand for cold chain is expected to enhance the market growth in the near future,” states the report.
The key players involved in the cold chain market include AmeriCold Logistics, LLC (U.S.), Preferred Freezer Services (U.S.), Burris Logistics (U.S.), Lineage Logistics Holdings, LLC (U.S.), and Nichirei Logistics Group Inc. (Japan).
“The study answers several questions for stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.”
