Global Cold Chain market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2027 - Ken Research

What is the Size of Global Cold Chain Industry?

The Cold Chain Market is largely driven by rising domestic consumption of meat and seafood along with increasing government initiatives and investments in the sector.

There shall be a good growth in the Asia Pacific region due to a growing demand for different types of processed food as well as frozen meat and different types of dairy products through the nations like India, China, South Korea as well as Japan. through the use of cutting-edge, integrated technology.

Increase in the purchasing power and growing demand for food products that are easy to consume and cook shall lead to the growth of the market. Dual income households and hectic lifestyle has changed the consumption pattern of the consumers in these developing nations which shall drive the market growth for cold storage market.

The Asia Pacific region is expected to have a dominant position in the global cold chain logistics market. This region shall have the largest market share due to rapid industrialization and urbanization. As there is an increase in the investment to the government for developing the infrastructure for cold chain logistics this region will dominate the market in the coming years.

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Global Cold Chain Market By Type

The Global Cold Chain market is segmented by Component into Cold Chain Storage and Cold Chain Transport. The cold chain involves the logistical preparation necessary to preserve the integrity of these shipments while transporting temperature-sensitive goods along a supply chain using thermal and refrigerated packing techniques. To store, manage, and transport sensitive materials, a series of meticulously timed events must take place in temperature-controlled settings.

Global Cold Chain Market By Application

The Global Cold Chain Market is segmented by control system into Fruits and Vegetables, Meat and Seafood, Dairy and Frozen Dessert, Bakery and Confectionery, Ready-to-Eat Meal and Other Applications.

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The topic of healthy eating has captured the attention of consumers with growing purchasing power. As a result, manufacturers and merchants have responded by offering a variety of unique fresh fruits from all over the world.

Agricultural specialization has made it possible to transport food goods that are temperature-sensitive to distant markets. It makes it possible to deliver pharmaceutical and biological products, such as vaccinations, to any market in the world from a single, sizable facility.

For more insights on the market intelligence, refer to the link below:-

https://www.kenresearch.com/industry-reports/global-cold-chain-market

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This release was published on openPR.