Cold
chain in food industry is a supply chain system which relies on
controlled temperature transactions of food products. It facilitates
an uninterrupted series of storage and distribution of food products
at a given temperature. It helps to extend the shelf life and
preserves the quality and texture of food products during the inter
or intra transportation. Fresh agricultural products, seafood, frozen
food, dairy products are some of the commodities being transported.
Such products are called as cool cargo during transport.
Cold
chain market for food industry can be segmented on the basis of
applications such as – Fruits and vegetables, seafood, frozen food
and dairy. Moreover it can further be segmented into type of storage
used such as – stored and transport. Geographically the market can
be segmented as North America, APAC, Europe and RoW regions.
Several
initiatives have been taken by the governments which have impacted
the cold chain market to a great extent. Requirement of cold storage
and transport facilities and increased activities of import and
export has impelled leading players to make capital investment.
Strategic acquisitions with small local players are made on
continuous basis to enter the untapped emerging market. North America
is the largest market for cold chain logistics. Moreover growing
demand for frozen and chilled foods coupled with increasing trades is
the growth driver for Cold chain market. Lack of funds and
undeveloped cold chain infrastructure in many developing countries
are major restrains for the cold chain logistics market for food
industry.
Some
of the major players include- FedEx Corporation, DHL International
GmbH, Continental Air Cargo, Kuehne and Nagel International AG and
World Courier.
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