Cold Chain Market by Type (Refrigerated Warehouse and Transportation), Temperature Type (Chilled and Frozen), Application ( Dairy & Frozen Desserts, Fish, Meat & Seafood, Fruits & Vegetables, Bakery & Confectionery ) and Region - Global Forecast to 2028

Abstract
The market for cold chain is estimated at USD 278.2 billion in 2023; it is projected to grow at a CAGR of 9.0% to reach USD 428.4 billion by 2028. Food security, food safety, economic and environmental sustainability, and minimal food waste are major focus areas in the food industry. According to FAO 2020, global trends show an average 3% annual increase in loss from 2010 to 2019, with global overall food loss (including non-perishables) in 2019 at a staggering 1.2 billion tons of food, more than three times of Africa’s annual food production. Meanwhile, the human population is growing exponentially across the globe, and so is the demand for food. The increase in foods consumption, leads to increase in food production and storage. To overcome this, the demand for refrigerated storage and transportation services has increased across the globe.

Cold chain system is a temperature-controlled supply chain used to maintain a product within a specified low-temperature range from harvest/production until the point of consumption. A cold chain helps extend the shelf-life of perishable products, such as fresh agricultural produce, seafood, and frozen food. Various cold chain companies are offering temperature-controlled storage warehouses and transportation services to various food industries in order to preserve and stock their inventory. These companies offer temperature control ranges based on the food products. They have been focusing on maintaining product quality to avoid cross contamination and damage by auditing and testing the products on a regular basis.

By type, the LCV sub-segment in refrigerated transport is projected to observe the fastest growth in the cold chain market throughout the forecasted period.

LCVs are vehicles with mass ranging between 3.5 and 7 tons. These light-duty truck is low on maintenance and gives high performance. These vehicles are preferred more by the food suppliers as they are optimizes the cargo space. These vehicles have a very constrained storage space, which means it is easier to control the temperature. They also take less time to adjust the temperature to the desired range. Moreover, factors such as the easy availability of finance options are the main factors for demand of LCV refrigerated vehicles.

The frozen segment by temperature type is estimated to account for the largest market share in the global cold chain market.

The frozen segment has grown rapidly as a result of numerous factors such as rising demand for convenience foods, changing dietary preferences, and globalization of food supply chains. As a result, the cold chain industry has developed frozen product logistics and warehousing services such as freezer trucks, blast freezers, and containers.

The fruit & vegetables segment, by application, is estimated to account for the largest market share in the global cold chain market.

Exotic fruits and vegetables such as mushrooms, tangy kiwis, green olives, fresh broccoli, dragon fruit, and many others have been popular among consumers. These items have recently gained popularity among the urban population as well as gourmet hotels and restaurants. Several countries import a wide variety of vegetables from places like the United States and Australia, including broccoli, iceberg lettuce, colored capsicum, asparagus, celery, parsley, Brussel sprouts, zucchini, and cabbage. Farmers cultivate these vegetables throughout the year, not just during the growing season. Several government and non-governmental organizations have launched incentive programs to encourage farmers to grow these crops. these exotic fruits and vegetables requires refrigeration for longer shelf life, and need to be fresh until they reach the market.

Break-up of Primaries
•By Company type: Tier 1: 30%, Tier 2: 30%, Tier 3: 40%
•By Designation: CXOs: 40%, Managers: 25%, and Executives: 35%
•By Region: Europe: 16%, Asia Pacific: 40%, North America: 30%, RoW: 14%

Leading players profiled in this report
•Americold Logistics (US)
•Lineage Logistics Holdings, LLC. (US)
•Nichirei Corporation (Japan)
•Burris Logistics (US)
•A.P. Moller Maersk (Denmark)
•United States Cold Storage (US)
•Tippmann Group (US)
•VersaCold Logistics Services (Canada)
•Coldman (India)
•Congebec Inc. (Canada)
•Conestoga Cold Storage (Canada)
•NewCold (Netherlands)
•Confederation Freezers (Canada)
•Seafrigo (France)
•Trenton Cold Storage (Canada)

Research Coverage
This report segments the cold chain market on the basis of type, temperature type, application, and region. In terms of insights, this research report focuses on various levels of analyses—competitive landscape, end-use analysis, and company profiles—which together comprise and discuss the basic views on the emerging & high-growth segments of the cold chain market, the high-growth regions, countries, government initiatives, market disruption, drivers, restraints, opportunities, and challenges.

Reasons to buy this report
•To get a comprehensive overview of the cold chain market
•To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
•To gain insights about the major countries/regions, in which the cold chain market is flourishing.

Content
Table of Contents

1INTRODUCTION39
1.1STUDY OBJECTIVES39
1.2MARKET DEFINITION39
1.3STUDY SCOPE40
1.3.1MARKETS COVERED40
FIGURE 1MARKET SEGMENTATION40
1.3.2REGIONAL SEGMENTATION40
1.4INCLUSIONS & EXCLUSIONS41
1.5YEARS CONSIDERED42
1.6CURRENCY CONSIDERED42
TABLE 1US DOLLAR EXCHANGE RATES CONSIDERED, 2018–202142
1.7UNITS CONSIDERED43
1.8STAKEHOLDERS43
1.9SUMMARY OF CHANGES44
1.9.1RECESSION IMPACT44
2RESEARCH METHODOLOGY45
2.1RESEARCH DATA45
FIGURE 2COLD CHAIN: RESEARCH DESIGN45
2.1.1SECONDARY DATA46
2.1.1.1Key data from secondary sources46
2.1.2PRIMARY DATA46
2.1.2.1Key industry insights47
2.1.2.2Breakdown of primary interviews47
FIGURE 3BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION47
2.2MARKET SIZE ESTIMATION48
2.2.1BOTTOM-UP APPROACH48
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH49
2.2.2TOP-DOWN APPROACH49
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH50
2.2.3SUPPLY SIDE50
FIGURE 6DATA TRIANGULATION: SUPPLY SIDE50
2.2.4DEMAND SIDE51
FIGURE 7DATA TRIANGULATION: DEMAND SIDE51
2.3DATA TRIANGULATION52
FIGURE 8DATA TRIANGULATION52
2.4RESEARCH ASSUMPTIONS53
2.5RESEARCH LIMITATIONS & ASSOCIATED RISKS54
2.5.1RECESSION IMPACT ANALYSIS54
2.6RECESSION IMPACT ON COLD CHAIN MARKET55
2.6.1MACRO INDICATORS OF RECESSION55
FIGURE 9INDICATORS OF RECESSION55
FIGURE 10WORLD INFLATION RATE, 2011-202156
FIGURE 11GLOBAL GDP, 2011-2021 (USD TRILLION)57
FIGURE 12GLOBAL COLD CHAIN MARKET: EARLIER FORECAST VS. RECESSION FORECAST58
FIGURE 13RECESSION INDICATORS AND THEIR IMPACT ON COLD CHAIN MARKET59
3EXECUTIVE SUMMARY60
TABLE 2COLD CHAIN MARKET SNAPSHOT, 2023 VS. 202860
FIGURE 14COLD CHAIN MARKET, BY TEMPERATURE TYPE, 2023 VS. 2028 (USD MILLION)61
FIGURE 15COLD CHAIN MARKET, BY FROZEN APPLICATION, 2023 VS. 2028 (USD MILLION)62
FIGURE 16REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2023 VS. 2028 (UNITS)63
FIGURE 17COLD CHAIN MARKET SHARE AND GROWTH RATE (VALUE), BY REGION64
4PREMIUM INSIGHTS65
4.1ATTRACTIVE OPPORTUNITIES FOR KEY PLAYERS IN COLD CHAIN MARKET65
FIGURE 18GROWING DEMAND FOR FOOD WITH EXTENDED SHELF-LIFE TO PREVENT FOOD WASTAGE65
4.2ASIA PACIFIC: COLD CHAIN MARKET, BY KEY FROZEN FOOD APPLICATION AND COUNTRY66
FIGURE 19INDIA ACCOUNTED FOR LARGEST SHARE BY COUNTRY WHILE DAIRY & FROZEN DESSERTS DOMINATED BY APPLICATION, 202266
4.3COLD CHAIN MARKET: REGIONAL SUBMARKETS67
FIGURE 20INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD67
4.4COLD CHAIN MARKET, BY TEMPERATURE TYPE AND REGION67
FIGURE 21ASIA PACIFIC TO DOMINATE COLD CHAIN MARKET ACROSS ALL TEMPERATURE TYPES, 2023 VS. 202867
FIGURE 22FRUITS & VEGETABLES SEGMENT TO ACCOUNT FOR LARGEST SHARE BY 202868
5MARKET OVERVIEW69
5.1INTRODUCTION69
5.2MACROECONOMIC INDICATORS70
5.2.1POPULATION GROWTH AND URBANIZATION70
FIGURE 23WORLD POPULATION, BY GROUP OF ECONOMIES (BILLIONS)71
FIGURE 24URBAN POPULATION, BY GROUP OF ECONOMIES (PERCENTAGE OF TOTAL POPULATION)71
5.2.2GROWTH IN ORGANIZED RETAIL SECTOR71
FIGURE 25US: RETAIL SALES, 2013-2020 (USD TRILLION)72
FIGURE 26GCC: RETAIL FOOD SALES PENETRATION, BY COUNTRY (%), 202073
FIGURE 27PERCENTAGE DISTRIBUTION OF INDIA’S RETAIL MARKET, 202173
5.2.3INCREASING CONVENIENCE FOOD INDUSTRY74
5.3MARKET DYNAMICS75
FIGURE 28COLD CHAIN MARKET DYNAMICS75
5.3.1DRIVERS75
5.3.1.1Increased demand for frozen perishable commodities75
FIGURE 29GLOBAL FROZEN FOOD SALES (USD M)76
5.3.1.2Increasing international trade of perishable commodities77
5.3.1.3Increasing need for temperature control to prevent food loss and potential health hazards78
FIGURE 30GLOBAL FOOD LOSS TRENDS (2015-2019)79
FIGURE 31INDIA: ANNUAL FOOD WASTAGE AS PERCENTAGE OF PRODUCTION, 202080
FIGURE 32SHARE OF FOOD LOSSES IN HIGH-IMPACT COUNTRIES FOR ACCESS TO COOLING81
5.3.1.4Technological innovations in refrigerated systems and equipment81
5.3.2RESTRAINTS82
5.3.2.1High energy costs and requirement for significant capital investments82
FIGURE 33CONTRIBUTION OF COST DRIVERS: 16 TON (MULTI-AXLE VEHICLE)84
5.3.2.2Environmental concerns regarding greenhouse gas emissions84
FIGURE 34ENVIRONMENTAL IMPACT OF FOOD SUPPLY CHAIN85
5.3.3OPPORTUNITIES86
5.3.3.1Intermodal transport to save fuel costs86
5.3.3.2Government support for cold chain infrastructure development87
5.3.4CHALLENGES90
5.3.4.1Maintaining product integrity during transportation of perishable commodities90
5.3.4.2Rising fuel costs: Major concern for providers of refrigerated transport91
6INDUSTRY TRENDS92
6.1INTRODUCTION92
6.2VALUE CHAIN ANALYSIS92
6.2.1SUPPLY PROCUREMENT92
6.2.2TRANSPORT92
6.2.3STORAGE AND DISTRIBUTION92
6.2.4END PRODUCT MANUFACTURERS93
FIGURE 35COLD CHAIN MARKET: VALUE CHAIN93
6.3TECHNOLOGY ANALYSIS93
6.3.1ADVANCED ANALYTICS AND DATA AGGREGATION TECHNOLOGIES93
6.3.2IOT93
6.3.3RADIO FREQUENCY IDENTIFICATION94
6.3.4TELEMATICS94
6.3.5ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING95
6.4PATENT ANALYSIS96
FIGURE 36PATENTS GRANTED FOR COLD CHAIN MARKET, 2011-202196
FIGURE 37REGIONAL ANALYSIS OF PATENTS GRANTED FOR COLD CHAIN MARKET, 2011-202197
TABLE 3KEY PATENTS PERTAINING TO COLD CHAIN MARKET, 202197
6.5MARKET MAP98
6.5.1DEMAND SIDE98
6.5.2SUPPLY SIDE98
FIGURE 38COLD CHAIN MARKET: MARKET MAP98
TABLE 4COLD CHAIN MARKET: ECOSYSTEM99
6.6TRADE SCENARIO99
6.6.1EXPORT SCENARIO99
TABLE 5TOP 10 EXPORTERS, 2021 (USD THOUSAND)100
FIGURE 39COUNTRY-WISE EXPORTS DATA FOR REFRIGERATORS, FREEZERS, AND OTHER REFRIGERATING OR FREEZING EQUIPMENT UNDER HS CODE: 8418, 2017–2021 (USD THOUSAND)100
6.6.2IMPORT SCENARIO101
TABLE 6TOP 10 IMPORTERS, 2021 (USD THOUSAND)101
FIGURE 40COUNTRY-WISE IMPORT DATA FOR REFRIGERATORS, FREEZERS, AND OTHER REFRIGERATING OR FREEZING EQUIPMENT UNDER HS CODE: 8418, 2017–2021 (USD THOUSAND)102
6.7PORTER’S FIVE FORCES ANALYSIS102
TABLE 7COLD CHAIN MARKET: PORTER’S FIVE FORCES ANALYSIS102
6.7.1INTENSITY OF COMPETITIVE RIVALRY103
6.7.2BARGAINING POWER OF SUPPLIERS103
6.7.3BARGAINING POWER OF BUYERS103
6.7.4THREAT OF SUBSTITUTES103
6.7.5THREAT OF NEW ENTRANTS103
6.8KEY STAKEHOLDERS AND BUYING CRITERIA104
6.8.1KEY STAKEHOLDERS IN BUYING PROCESS104
FIGURE 41INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP END USERS104
TABLE 8INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP END USERS105
6.8.2BUYING CRITERIA105
TABLE 9KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS105
FIGURE 42KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS106
6.9KEY CONFERENCES & EVENTS IN 2022-2023106
TABLE 10COLD CHAIN MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2023106
6.10TARIFF AND REGULATORY LANDSCAPE107
6.10.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS107
TABLE 11NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS107
TABLE 12EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS108
TABLE 13ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS109
TABLE 14REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS110
6.11REGULATORY FRAMEWORK111
6.11.1NORTH AMERICA111
6.11.1.1US111
6.11.1.2Canada111
6.11.2EUROPE111
6.11.3ASIA PACIFIC112
6.11.3.1China112
6.11.3.2India112
6.11.3.2.1Financial assistance for setting up of cold chain113
6.11.3.2.1.1Ministry of food processing industry (MoFPI)113
6.11.3.2.1.2Foreign direct investment (FDI) in cold chain113
6.11.3.2.1Essential Commodities Act113
6.11.3.2.2Ease of doing business113
6.11.3.3Australia114
6.11.3.3.1Never warmer than114
6.11.3.3.2Maximum “out of refrigeration” time limit114
6.11.3.3.3First expiry first out114
6.12TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESSES114
FIGURE 43COLD CHAIN MARKET: TRENDS IMPACTING BUYERS115
6.13CASE STUDY ANALYSIS115
6.13.1COLD CHAIN TECHNOLOGIES, INC: GLOBAL PHARMACEUTICAL COMPANY REDUCES SHIPPING COSTS BY 20%115
6.13.2EMERSON COLD CHAIN SOLUTIONS: TRANSFORMING VACCINE116
6.13.2.1Storage in India116
7MEANS OF TEMPERATURE CONTROL117
7.1CONVENTIONAL REFRIGERATION117
7.1.1MECHANICAL REFRIGERATION117
7.2USING PACKAGING MATERIALS117
7.2.1DRY ICE117
TABLE 15DRY ICE REQUIREMENT DURING TRANSIT, WITH RESPECT TO FOOD QUANTITY118
7.2.2WET ICE118
7.2.3GEL PACKS118
TABLE 16TYPES OF CONTAINERS USED FOR GEL PACKS119
7.2.4EUTECTIC PLATES119
7.2.5LIQUID NITROGEN119
7.2.6INSULATED BLANKETS120
7.2.7EXPANDED POLYSTYRENE120
8COLD CHAIN MARKET, BY TECHNOLOGY121
8.1INTRODUCTION121
8.2BLAST FREEZING121
8.3VAPOR COMPRESSION121
8.4PROGRAMMABLE LOGIC CONTROLLER122
8.5EVAPORATIVE COOLING122
8.6CRYOGENIC SYSTEMS122
8.7OTHER TECHNOLOGIES123
9COLD CHAIN MARKET, BY TYPE124
9.1INTRODUCTION125
9.2REFRIGERATED WAREHOUSES125
9.2.1GROWING DEMAND FOR TEMPERATURE-CONTROLLED STORAGE AND TRANSPORTATION TO DRIVE SEGMENT125
TABLE 17REFRIGERATED WAREHOUSE ROOM CLASSIFICATION AND TEMPERATURE RANGES125
TABLE 18REFRIGERATED WAREHOUSES: COLD CHAIN MARKET, BY REGION, 2018–2022 (MILLION CUBIC METERS)126
TABLE 19REFRIGERATED WAREHOUSES: COLD CHAIN MARKET, BY REGION, 2023–2028 (MILLION CUBIC METERS)126
9.3REFRIGERATED TRANSPORTATION127
9.3.1RISING DEMAND FOR EXOTIC FOODS AND LIBERALIZATION OF GOODS TRANSPORTATION TO DRIVE SEGMENT127
9.3.2REFRIGERATED ROAD TRANSPORT127
TABLE 20REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2018–2022 (UNITS)128
TABLE 21REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2023–2028 (UNITS)128
9.3.2.1Refrigerated LCV (Van)128
TABLE 22LCV: REFRIGERATED ROAD TRANSPORT MARKET, BY REGION, 2018–2022 (UNITS)128
TABLE 23LCV: REFRIGERATED ROAD TRANSPORT MARKET, BY REGION, 2023–2028 (UNITS)129
9.3.2.2Refrigerated MHCV (Truck)129
TABLE 24MHCV: REFRIGERATED ROAD TRANSPORT MARKET, BY REGION, 2018–2022 (UNITS)129
TABLE 25MHCV: REFRIGERATED ROAD TRANSPORT MARKET, BY REGION, 2023–2028 (UNITS)130
9.3.2.3Refrigerated HCV (Trailers & Semi-trailers)130
TABLE 26HCV: REFRIGERATED ROAD TRANSPORT MARKET, BY REGION, 2018–2022 (UNITS)130
TABLE 27HCV: REFRIGERATED ROAD TRANSPORT MARKET, BY REGION, 2023–2028 (UNITS)130
9.3.3REFRIGERATED SEA TRANSPORT131
9.3.4REFRIGERATED RAIL TRANSPORT131
9.3.5REFRIGERATED AIR TRANSPORT131
10COLD CHAIN MARKET, BY TEMPERATURE TYPE132
10.1INTRODUCTION133
FIGURE 44COLD CHAIN MARKET, BY TEMPERATURE TYPE, 2023 VS. 2028 (USD MILLION)133
TABLE 28COLD CHAIN MARKET, BY TEMPERATURE TYPE, 2018–2022 (USD MILLION)134
TABLE 29COLD CHAIN MARKET, BY TEMPERATURE TYPE, 2023–2028 (USD MILLION)134
10.2CHILLED134
10.2.1RISING CONSUMPTION OF CHILLED PROCESSED FOODS TO CONTRIBUTE TO DEMAND134
TABLE 30CHILLED: COLD CHAIN MARKET, BY REGION, 2018–2022 (USD MILLION)135
TABLE 31CHILLED: COLD CHAIN MARKET, BY REGION, 2023–2028 (USD MILLION)135
10.3FROZEN135
10.3.1ADVANCEMENTS IN REFRIGERATION TECHNOLOGY DRIVING FROZEN SEGMENT135
TABLE 32FROZEN: COLD CHAIN MARKET, BY REGION, 2018–2022 (USD MILLION)136
TABLE 33FROZEN: COLD CHAIN MARKET, BY REGION, 2023–2028 (USD MILLION)136
11COLD CHAIN MARKET, BY APPLICATION137
11.1INTRODUCTION138
FIGURE 45COLD CHAIN MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION)139
TABLE 34COLD CHAIN MARKET, BY APPLICATION, 2018–2022 (USD MILLION)139
TABLE 35COLD CHAIN MARKET, BY APPLICATION, 2023–2028 (USD MILLION)139
11.2DAIRY & FROZEN DESSERTS140
11.2.1RISING CONSUMPTION OF DAIRY & FROZEN DESSERTS TO DRIVE MARKET140
TABLE 36DAIRY & FROZEN DESSERTS: COLD CHAIN MARKET, BY REGION, 2018–2022 (USD MILLION)140
TABLE 37DAIRY & FROZEN DESSERTS: COLD CHAIN MARKET, BY REGION, 2023–2028 (USD MILLION)141
11.3FISH, MEAT, AND SEAFOOD PRODUCTS141
11.3.1MEAT AND SEAFOOD INDUSTRIES TO CREATE HIGH DEMAND FOR COLD CHAIN SOLUTIONS141
TABLE 38FISH, MEAT, AND SEAFOOD PRODUCTS: COLD CHAIN MARKET, BY REGION, 2018–2022 (USD MILLION)142
TABLE 39FISH, MEAT, AND SEAFOOD PRODUCTS: COLD CHAIN MARKET, BY REGION, 2023–2028 (USD MILLION)142
11.4FRUITS & VEGETABLES142
11.4.1DEMAND FOR REFRIGERATED LOGISTICS IN FRUITS & VEGETABLES INDUSTRY TO WITNESS GROWTH142
TABLE 40FRUITS & VEGETABLES: COLD CHAIN MARKET, BY REGION, 2018–2022 (USD MILLION)143
TABLE 41FRUITS & VEGETABLES: COLD CHAIN MARKET, BY REGION, 2023–2028 (USD MILLION)143
11.5BAKERY & CONFECTIONERY PRODUCTS144
11.5.1INCREASING DEMAND FOR CONVENIENCE FOODS TO SPUR DEMAND FOR FROZEN BAKERY & CONFECTIONERY PRODUCTS144
TABLE 42BAKERY & CONFECTIONERY PRODUCTS: COLD CHAIN MARKET, BY REGION, 2018–2022 (USD MILLION)144
TABLE 43BAKERY & CONFECTIONERY PRODUCTS: COLD CHAIN MARKET, BY REGION, 2023–2028 (USD MILLION)144
11.6OTHER APPLICATIONS145
11.6.1RISING DEMAND FOR SAUCES, CONDIMENTS, DRESSINGS, AND DIPS TO INCREASE NEED FOR COLD CHAIN WAREHOUSING145
TABLE 44OTHER APPLICATIONS: COLD CHAIN MARKET, BY REGION, 2018–2022 (USD MILLION)145
TABLE 45OTHER APPLICATIONS: COLD CHAIN MARKET, BY REGION, 2023–2028 (USD MILLION)145
12COLD CHAIN MARKET, BY REGION146
12.1INTRODUCTION147
FIGURE 46US HELD LARGEST SHARE IN COLD CHAIN MARKET, 2022148
TABLE 46COLD CHAIN MARKET, BY REGION, 2018–2022 (USD MILLION)148
TABLE 47COLD CHAIN MARKET, BY REGION, 2023–2028 (USD MILLION)149
TABLE 48REFRIGERATED ROAD TRANSPORT MARKET, BY REGION, 2018–2022 (UNITS)149
TABLE 49REFRIGERATED ROAD TRANSPORT MARKET, BY REGION, 2023–2028 (UNITS)149
12.2NORTH AMERICA150
12.2.1NORTH AMERICA: RECESSION IMPACT ANALYSIS150
FIGURE 47NORTH AMERICAN COLD CHAIN MARKET: RECESSION IMPACT ANALYSIS151
TABLE 50NORTH AMERICA: COLD CHAIN MARKET, BY TEMPERATURE TYPE, 2018–2022 (USD MILLION)152
TABLE 51NORTH AMERICA: COLD CHAIN MARKET, BY TEMPERATURE TYPE, 2023–2028 (USD MILLION)152
TABLE 52NORTH AMERICA: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2018–2022 (USD MILLION)152
TABLE 53NORTH AMERICA: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2023–2028 (USD MILLION)153
TABLE 54NORTH AMERICA: COLD CHAIN MARKET, BY CHILLED APPLICATION, 2018–2022 (USD MILLION)153
TABLE 55NORTH AMERICA: COLD CHAIN MARKET, BY CHILLED APPLICATION, 2023–2028 (USD MILLION)153
TABLE 56NORTH AMERICA: COLD CHAIN MARKET FOR FROZEN FRUITS & VEGETABLES, BY COUNTRY, 2018–2022 (USD MILLION)154
TABLE 57NORTH AMERICA: COLD CHAIN MARKET FOR FROZEN FRUITS & VEGETABLES, BY COUNTRY, 2023–2028 (USD MILLION)154
TABLE 58NORTH AMERICA: COLD CHAIN MARKET FOR FROZEN BAKERY & CONFECTIONERY PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)154
TABLE 59NORTH AMERICA: COLD CHAIN MARKET FOR FROZEN BAKERY & CONFECTIONERY PRODUCTS, BY COUNTRY, 2023–2028 (USD MILLION)155
TABLE 60NORTH AMERICA: COLD CHAIN MARKET FOR FROZEN DAIRY & FROZEN DESSERTS, BY COUNTRY, 2018–2022 (USD MILLION)155
TABLE 61NORTH AMERICA: COLD CHAIN MARKET FOR FROZEN DAIRY & FROZEN DESSERTS, BY COUNTRY, 2023–2028 (USD MILLION)155
TABLE 62NORTH AMERICA: COLD CHAIN MARKET FOR FROZEN FISH, MEAT, AND SEAFOOD PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)156
TABLE 63NORTH AMERICA: COLD CHAIN MARKET FOR FROZEN FISH, MEAT, AND SEAFOOD PRODUCTS, BY COUNTRY, 2023–2028 (USD MILLION)156
TABLE 64NORTH AMERICA: COLD CHAIN MARKET FOR OTHER FROZEN APPLICATIONS, BY COUNTRY, 2018–2022 (USD MILLION)156
TABLE 65NORTH AMERICA: COLD CHAIN MARKET FOR OTHER FROZEN APPLICATIONS, BY COUNTRY, 2023–2028 (USD MILLION)157
TABLE 66NORTH AMERICA: COLD CHAIN MARKET, BY COUNTRY, 2018–2022 (USD MILLION)157
TABLE 67NORTH AMERICA: COLD CHAIN MARKET, BY COUNTRY, 2023–2028 (USD MILLION)157
TABLE 68NORTH AMERICA: REFRIGERATED WAREHOUSE MARKET, BY COUNTRY, 2018–2022 (MILLION CUBIC METERS)157
TABLE 69NORTH AMERICA: REFRIGERATED WAREHOUSE MARKET, BY COUNTRY, 2023–2028 (MILLION CUBIC METERS)158
TABLE 70NORTH AMERICA: REFRIGERATED ROAD TRANSPORT MARKET, BY COUNTRY, 2018–2022 (UNITS)158
TABLE 71NORTH AMERICA: REFRIGERATED ROAD TRANSPORT MARKET, BY COUNTRY, 2023–2028 (UNITS)158
12.2.2US159
12.2.2.1Growing frozen food products and chilled food markets to increase demand for cold chain services159
FIGURE 48US SHARE OF INVESTORS IN COLD CHAIN STORAGE159
FIGURE 49US GROCERY SALES VS. RESTAURANT SALES160
TABLE 72US: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2018–2022 (UNITS)161
TABLE 73US: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2023–2028 (UNITS)161
TABLE 74US: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2018–2022 (USD MILLION)161
TABLE 75US: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2023–2028 (USD MILLION)162
12.2.3CANADA162
12.2.3.1Need for more severe food safety regulations to contribute to increase in demand for cold chain services162
TABLE 76CANADA: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2018–2022 (UNITS)164
TABLE 77CANADA: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2023–2028 (UNITS)164
TABLE 78CANADA: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2018–2022 (USD MILLION)164
TABLE 79CANADA: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2023–2028 (USD MILLION)165
12.2.4MEXICO165
12.2.4.1Increasing consumption of perishable food products leading to increased demand for retail distribution165
TABLE 80MEXICO: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2018–2022 (UNITS)166
TABLE 81MEXICO: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2023–2028 (UNITS)167
TABLE 82MEXICO: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2018–2022 (USD MILLION)167
TABLE 83MEXICO: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2023–2028 (USD MILLION)167
12.3EUROPE168
12.3.1EUROPE: RECESSION IMPACT ANALYSIS168
FIGURE 50EUROPEAN COLD CHAIN MARKET: RECESSION IMPACT ANALYSIS170
TABLE 84EUROPE: COLD CHAIN MARKET, BY TEMPERATURE TYPE, 2018–2022 (USD MILLION)170
TABLE 85EUROPE: COLD CHAIN MARKET, BY TEMPERATURE TYPE, 2023–2028 (USD MILLION)171
TABLE 86EUROPE: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2018–2022 (USD MILLION)171
TABLE 87EUROPE: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2023–2028 (USD MILLION)171
TABLE 88EUROPE: COLD CHAIN MARKET, BY CHILLED APPLICATION, 2018–2022 (USD MILLION)172
TABLE 89EUROPE: COLD CHAIN MARKET, BY CHILLED APPLICATION, 2023–2028 (USD MILLION)172
TABLE 90EUROPE: COLD CHAIN MARKET FOR FROZEN FRUITS & VEGETABLES, BY COUNTRY, 2018–2022 (USD MILLION)172
TABLE 91EUROPE: COLD CHAIN MARKET FOR FROZEN FRUITS & VEGETABLES, BY COUNTRY, 2023–2028 (USD MILLION)173
TABLE 92EUROPE: COLD CHAIN MARKET FOR FROZEN BAKERY & CONFECTIONERY PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)173
TABLE 93EUROPE: COLD CHAIN MARKET FOR FROZEN BAKERY & CONFECTIONERY PRODUCTS, BY COUNTRY, 2023–2028 (USD MILLION)174
TABLE 94EUROPE: COLD CHAIN MARKET FOR FROZEN DAIRY & FROZEN DESSERTS, BY COUNTRY, 2018–2022 (USD MILLION)174
TABLE 95EUROPE: COLD CHAIN MARKET FOR FROZEN DAIRY & FROZEN DESSERTS, BY COUNTRY, 2023–2028 (USD MILLION)175
TABLE 96EUROPE: COLD CHAIN MARKET FOR FROZEN FISH, MEAT, AND SEAFOOD PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)175
TABLE 97EUROPE: COLD CHAIN MARKET FOR FROZEN FISH, MEAT, AND SEAFOOD PRODUCTS, BY COUNTRY, 2023–2028 (USD MILLION)176
TABLE 98EUROPE: COLD CHAIN MARKET FOR OTHER FROZEN APPLICATIONS, BY COUNTRY, 2018–2022 (USD MILLION)176
TABLE 99EUROPE: COLD CHAIN MARKET FOR OTHER FROZEN APPLICATIONS, BY COUNTRY, 2023–2028 (USD MILLION)177
TABLE 100EUROPE: COLD CHAIN MARKET, BY COUNTRY, 2018–2022 (USD MILLION)177
TABLE 101EUROPE: COLD CHAIN MARKET, BY COUNTRY, 2023–2028 (USD MILLION)178
TABLE 102EUROPE: REFRIGERATED WAREHOUSE MARKET, BY COUNTRY, 2018–2022 (MILLION CUBIC METERS)178
TABLE 103EUROPE: REFRIGERATED WAREHOUSE MARKET, BY COUNTRY, 2023–2028 (MILLION CUBIC METERS)179
TABLE 104EUROPE: REFRIGERATED ROAD TRANSPORT MARKET, BY COUNTRY, 2018–2022 (UNITS)179
TABLE 105EUROPE: REFRIGERATED ROAD TRANSPORT MARKET, BY COUNTRY, 2023–2028 (UNITS)180
12.3.2GERMANY180
12.3.2.1Major imports and exports of agricultural products to drive market180
TABLE 106GERMANY: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2018–2022 (UNITS)181
TABLE 107GERMANY: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2023–2028 (UNITS)181
TABLE 108GERMANY: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2018–2022 (USD MILLION)182
TABLE 109GERMANY: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2023–2028 (USD MILLION)182
12.3.3FRANCE182
12.3.3.1Continued investment in technology: Major trend in French cold chain industry182
TABLE 110FRANCE: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2018–2022 (UNITS)183
TABLE 111FRANCE: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2023–2028 (UNITS)184
TABLE 112FRANCE: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2018–2022 (USD MILLION)184
TABLE 113FRANCE: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2023–2028 (USD MILLION)184
12.3.4UK185
12.3.4.1Demand for premium quality, nutrition value, and freshness in food products leading to growth of cold chain services185
TABLE 114UK: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2018–2022 (UNITS)186
TABLE 115UK: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2023–2028 (UNITS)186
TABLE 116UK: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2018–2022 (USD MILLION)186
TABLE 117UK: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2023–2028 (USD MILLION)187
12.3.5ITALY187
12.3.5.1Changing consumer behavior and attitude to lead to growth of cold chain market187
TABLE 118ITALY: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2018–2022 (UNITS)188
TABLE 119ITALY: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2023–2028 (UNITS)188
TABLE 120ITALY: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2018–2022 (USD MILLION)188
TABLE 121ITALY: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2023–2028 (USD MILLION)189
12.3.6SPAIN189
12.3.6.1Development of technology to contribute to cold chain market growth in Spain189
TABLE 122SPAIN: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2018–2022 (UNITS)190
TABLE 123SPAIN: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2023–2028 (UNITS)190
TABLE 124SPAIN: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2018–2022 (USD MILLION)190
TABLE 125SPAIN: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2023–2028 (USD MILLION)191
12.3.7NETHERLANDS191
12.3.7.1Large market for fruits & vegetables leading to rising demand for cold chain services191
TABLE 126NETHERLANDS: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2018–2022 (UNITS)192
TABLE 127NETHERLANDS: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2023–2028 (UNITS)192
TABLE 128NETHERLANDS: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2018–2022 (USD MILLION)192
TABLE 129NETHERLANDS: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2023–2028 (USD MILLION)193
12.3.8REST OF EUROPE193
12.3.8.1Robust growth of food & beverage industry leading to modernization and development of cold chain industry193
TABLE 130REST OF EUROPE: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2018–2022 (UNITS)194
TABLE 131REST OF EUROPE: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2023–2028 (UNITS)194
TABLE 132REST OF EUROPE: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2018–2022 (USD MILLION)194
TABLE 133REST OF EUROPE: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2023–2028 (USD MILLION)195
12.4ASIA PACIFIC195
12.4.1ASIA PACIFIC: RECESSION IMPACT ANALYSIS196
FIGURE 51ASIA PACIFIC COLD CHAIN MARKET: RECESSION IMPACT ANALYSIS197
TABLE 134ASIA PACIFIC: COLD CHAIN MARKET, BY TEMPERATURE TYPE, 2018–2022 (USD MILLION)197
TABLE 135ASIA PACIFIC: COLD CHAIN MARKET, BY TEMPERATURE TYPE, 2023–2028 (USD MILLION)198
TABLE 136ASIA PACIFIC: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2018–2022 (USD MILLION)198
TABLE 137ASIA PACIFIC: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2023–2028 (USD MILLION)198
TABLE 138ASIA PACIFIC: COLD CHAIN MARKET, BY CHILLED APPLICATION, 2018–2022 (USD MILLION)199
TABLE 139ASIA PACIFIC: COLD CHAIN MARKET, BY CHILLED APPLICATION, 2023–2028 (USD MILLION)199
TABLE 140ASIA PACIFIC: COLD CHAIN MARKET FOR FROZEN FRUITS & VEGETABLES, BY COUNTRY, 2018–2022 (USD MILLION)199
TABLE 141ASIA PACIFIC: COLD CHAIN MARKET FOR FROZEN FRUITS & VEGETABLES, BY COUNTRY, 2023–2028 (USD MILLION)200
TABLE 142ASIA PACIFIC: COLD CHAIN MARKET FOR FROZEN BAKERY & CONFECTIONERY PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)200
TABLE 143ASIA PACIFIC: COLD CHAIN MARKET FOR FROZEN BAKERY & CONFECTIONERY PRODUCTS, BY COUNTRY, 2023–2028 (USD MILLION)200
TABLE 144ASIA PACIFIC: COLD CHAIN MARKET FOR FROZEN DAIRY & FROZEN DESSERTS, BY COUNTRY, 2018–2022 (USD MILLION)201
TABLE 145ASIA PACIFIC: COLD CHAIN MARKET FOR FROZEN DAIRY & FROZEN DESSERTS, BY COUNTRY, 2023–2028 (USD MILLION)201
TABLE 146ASIA PACIFIC: COLD CHAIN MARKET FOR FROZEN FISH, MEAT, AND SEAFOOD PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)201
TABLE 147ASIA PACIFIC: COLD CHAIN MARKET FOR FROZEN FISH, MEAT, AND SEAFOOD PRODUCTS, BY COUNTRY, 2023–2028 (USD MILLION)202
TABLE 148ASIA PACIFIC: COLD CHAIN MARKET FOR OTHER FROZEN APPLICATIONS, BY COUNTRY, 2018–2022 (USD MILLION)202
TABLE 149ASIA PACIFIC: COLD CHAIN MARKET FOR OTHER FROZEN APPLICATIONS, BY COUNTRY, 2023–2028 (USD MILLION)202
TABLE 150ASIA PACIFIC: COLD CHAIN MARKET, BY COUNTRY, 2018–2022 (USD MILLION)203
TABLE 151ASIA PACIFIC: COLD CHAIN MARKET, BY COUNTRY, 2023–2028 (USD MILLION)203
TABLE 152ASIA PACIFIC: REFRIGERATED WAREHOUSE MARKET, BY COUNTRY, 2018–2022 (MILLION CUBIC METERS)203
TABLE 153ASIA PACIFIC: REFRIGERATED WAREHOUSE MARKET, BY COUNTRY, 2023–2028 (MILLION CUBIC METERS)204
TABLE 154ASIA PACIFIC: REFRIGERATED ROAD TRANSPORT MARKET, BY COUNTRY, 2018–2022 (UNITS)204
TABLE 155ASIA PACIFIC: REFRIGERATED ROAD TRANSPORT MARKET, BY COUNTRY, 2023–2028 (UNITS)204
12.4.2CHINA205
12.4.2.1Increasing government initiatives to improve food safety and reduce food waste driving cold chain industry205
TABLE 156CHINA: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2018–2022 (UNITS)206
TABLE 157CHINA: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2023–2028 (UNITS)206
TABLE 158CHINA: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2018–2022 (USD MILLION)206
TABLE 159CHINA: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2023–2028 (USD MILLION)207
12.4.3JAPAN207
12.4.3.1Companies in Japan developing advanced cold chain technologies using R&D capabilities207
TABLE 160JAPAN: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2018–2022 (UNITS)208
TABLE 161JAPAN: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2023–2028 (UNITS)208
TABLE 162JAPAN: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2018–2022 (USD MILLION)208
TABLE 163JAPAN: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2023–2028 (USD MILLION)209
12.4.4INDIA209
12.4.4.1Changing consumption patterns to drive demand for cold chain in India209
FIGURE 52OWNERSHIP PATTERN OF COLD WAREHOUSES IN INDIA, 2021210
TABLE 164INDIA: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2018–2022 (UNITS)211
TABLE 165INDIA: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2023–2028 (UNITS)212
TABLE 166INDIA: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2018–2022 (USD MILLION)212
TABLE 167INDIA: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2023–2028 (USD MILLION)212
12.4.5AUSTRALIA & NEW ZEALAND213
12.4.5.1Significant exports of perishable goods call for temperature-controlled transportation and storage213
TABLE 168AUSTRALIA & NEW ZEALAND: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2018–2022 (UNITS)214
TABLE 169AUSTRALIA & NEW ZEALAND: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2023–2028 (UNITS)214
TABLE 170AUSTRALIA & NEW ZEALAND: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2018–2022 (USD MILLION)215
TABLE 171AUSTRALIA & NEW ZEALAND: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2023–2028 (USD MILLION)215
12.4.6REST OF ASIA PACIFIC215
12.4.6.1Rising food & beverage international trade to augment demand for cold chain services215
TABLE 172REST OF ASIA PACIFIC: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2018–2022 (UNITS)216
TABLE 173REST OF ASIA PACIFIC: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2023–2028 (UNITS)216
TABLE 174REST OF ASIA PACIFIC: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2018–2022 (USD MILLION)216
TABLE 175REST OF ASIA PACIFIC: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2023–2028 (USD MILLION)217
12.5REST OF THE WORLD217
12.5.1ROW: RECESSION IMPACT ANALYSIS217
12.5.2INDICATORS IMPACTING THE ROW COLD CHAIN MARKET:218
FIGURE 53ROW COLD CHAIN MARKET: RECESSION IMPACT ANALYSIS219
TABLE 176ROW: COLD CHAIN MARKET, BY TEMPERATURE TYPE, 2018–2022 (USD MILLION)220
TABLE 177ROW: COLD CHAIN MARKET, BY TEMPERATURE TYPE, 2023–2028 (USD MILLION)220
TABLE 178ROW: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2018–2022 (USD MILLION)220
TABLE 179ROW: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2023–2028 (USD MILLION)220
TABLE 180ROW: COLD CHAIN MARKET, BY CHILLED APPLICATION, 2018–2022 (USD MILLION)221
TABLE 181ROW: COLD CHAIN MARKET, BY CHILLED APPLICATION, 2023–2028 (USD MILLION)221
TABLE 182ROW: COLD CHAIN MARKET FOR FROZEN FRUITS & VEGETABLES, BY REGION, 2018–2022 (USD MILLION)221
TABLE 183ROW: COLD CHAIN MARKET FOR FROZEN FRUITS & VEGETABLES, BY REGION, 2023–2028 (USD MILLION)222
TABLE 184ROW: COLD CHAIN MARKET FOR FROZEN BAKERY & CONFECTIONERY PRODUCTS, BY REGION, 2018–2022 (USD MILLION)222
TABLE 185ROW: COLD CHAIN MARKET FOR FROZEN BAKERY & CONFECTIONERY PRODUCTS, BY REGION, 2023–2028 (USD MILLION)222
TABLE 186ROW: COLD CHAIN MARKET FOR FROZEN DAIRY & FROZEN DESSERTS, BY REGION, 2018–2022 (USD MILLION)223
TABLE 187ROW: COLD CHAIN MARKET FOR FROZEN DAIRY & FROZEN DESSERTS, BY REGION, 2023–2028 (USD MILLION)223
TABLE 188ROW: COLD CHAIN MARKET FOR FROZEN FISH, MEAT, AND SEAFOOD PRODUCTS, BY REGION, 2018–2022 (USD MILLION)223
TABLE 189ROW: COLD CHAIN MARKET FOR FROZEN FISH, MEAT, AND SEAFOOD PRODUCTS, BY REGION, 2023–2028 (USD MILLION)224
TABLE 190ROW: COLD CHAIN MARKET FOR FROZEN OTHER PRODUCTS, BY REGION, 2018–2022 (USD MILLION)224
TABLE 191ROW: COLD CHAIN MARKET FOR FROZEN OTHER PRODUCTS, BY REGION, 2023–2028 (USD MILLION)224
TABLE 192ROW: COLD CHAIN MARKET, BY REGION, 2018–2022 (USD MILLION)224
TABLE 193ROW: COLD CHAIN MARKET, BY REGION, 2023–2028 (USD MILLION)225
TABLE 194ROW: REFRIGERATED WAREHOUSE MARKET, BY REGION, 2018–2022 (MILLION CUBIC METERS)225
TABLE 195ROW: REFRIGERATED WAREHOUSE MARKET, BY REGION, 2023–2028 (MILLION CUBIC METERS)225
TABLE 196ROW: REFRIGERATED ROAD TRANSPORT MARKET, BY REGION, 2018–2022 (UNITS)225
TABLE 197ROW: REFRIGERATED ROAD TRANSPORT MARKET, BY REGION, 2023–2028 (UNITS)226
12.5.3SOUTH AMERICA226
12.5.3.1Increasing exports of chilled or frozen beef to fuel demand for cold chain services226
TABLE 198SOUTH AMERICA: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2018–2022 (UNITS)228
TABLE 199SOUTH AMERICA: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2023–2028 (UNITS)228
TABLE 200SOUTH AMERICA: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2018–2022 (USD MILLION)228
TABLE 201SOUTH AMERICA: COLD CHAIN MARKET, BY FROZEN APPLICATION, 2023–2028 (USD MILLION)229
12.5.4AFRICA229
12.5.4.1Lack of infrastructure and poor logistic arrangements to be key challenges for African cold chain market229
TABLE 202AFRICA: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2018–2022 (UNITS)230
TABLE 203AFRICA: REFRIGERATED ROAD TRANSPORT MARKET, BY VEHICLE TYPE, 2023–2028 (UNITS)231
TABL