The
need for proper storage facilities for food products such as seafood,
dairy products, fresh agricultural produce, and frozen foods is
anticipated to drive the demand for cold chain services in the coming
years, states Transparency Market Research in a new report. The
report titled, “Cold Chain Market for Food Industry - Global
Industry Size, Market Share, Trends, Analysis, and Forecast 2016 –
2023” provides a thorough description of the global cold chain
market with an analysis of the historical growth trend, the current
state of the market, and future growth prospects of the market along
with global and regional market statistics.
Download
Free exclusive Sample of this
report:http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=10901
According
to the report, governments across the world have taken several
initiatives to enhance their cold chain storage and transportation
facilities to preserve feed stocks for future use and reduce food
wastage of processed food. Players operating in the cold chain
business are being impelled to make capital investments in order to
expand their cold chains owing to the mounting need for transport
facilities and cold storage, and rise in export and import
activities. In order to meet the unmet needs of consumers and enter
the untapped markets, leading players are entering into strategic
mergers and acquisitions with regional players.
The
report states that the rising demand for chilled and frozen food
products along with growing trade activities are important factors
driving the growth of the global cold chain market. Furthermore,
heavy foreign investments in the cold chain sector of emerging
countries and the proliferating growth opportunities in the markets
of emerging economies are likely to further to augment the growth of
the cold chain market globally.
However,
lack of proper infrastructure and funds is a major restraint in the
growth of the global cold chain market. The hike in prices of energy
and maintenance cost of cold chain storage facilities are likely to
further inhibit the growth of the global cold chain storage market.
The
region leading the global cold chain market is North America with a
considerable market for cold chain logistics. The key players in the
global cold chain market are DHL International GmbH, FedEx
Corporation, Continental Air Cargo, World Courier, and Kuehne and
Nagel International.
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