For
the food and beverage industry, supply chain is of great essence and
invariably, that chain has to be a cold one in order to preserve the
products before they reach their destined consumers. With increased
disposable income, urban populations are now experiencing a lifestyle
that involves usage of frozen and chilled food and beverages, and
that has prompted the usage of modern equipment and warehouse that
provide adequate environment for it – cold chain as it is called.
According to a recent business intelligence report by Transparency
Market Research (TMR), the global cold chain market is poised for a
prosperous future with the demand projected to expand at a formidable
CAGR during the forecast period of 2016 to 2024.
Download
PDF Brochure @
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=10901
This
report, titled “Cold Chain Market for Food Industry - Global
Industry Analysis, Size, Share, Growth, Trend and Forecast 2016 –
2024,” is a result of rigorous research by the analyst using
industry standard methodologies, which included primary and secondary
assessments, compilation of data from reliable sources, and
interviews with industry experts. The report has been developed to
aid as a business tool for a pool of clientele including warehouse
owners, cold chain equipment manufacturers, refrigerated storage
owners, food processing businesses, livestock producers, government
agencies, and seafood companies.
The
report includes chapters that segments the market for cold chain into
smaller aspects and throws light on the magnitude of demand that can
be expected out of different regions and countries. Figurative data
for each of the segments and regions has been provided in terms of US
dollar million. The report also analyzes different factors such as
drivers, restraints, and challenges that will determine the future of
the cold chain market as well as identifies some of the trends that
are emerging.
Based
on type, the cold
chain market can be segmented into refrigerated transport and
refrigerated storage. On the basis of temperature maintained, the
market can be bifurcated into frozen and chilled. Application-wise,
different types of food industry players who use cold chain are fish,
meat, and seafood product producers, dairy and frozen desserts
manufacturers, bakery and confectionery products, and fruits and
vegetables. Currently, dairy and frozen food manufacturers are
cultivating the most prominent chunk of demand, as these products are
highly vulnerable to room temperatures, sunlight, and dust.
Geographically,
vastly populated Asia Pacific continues to be the region with maximum
demand potential. Urbanization is radically expanding in countries
such as China and India and these masses are generating strong demand
for food that require a cold chain to sustain against spoiling.
Growth
in international trading owing to trade liberalization, growing
consumer preference for perishable foods, increase in demand for
convenience food, and strengthening supply chain are some of the key
factors augmenting the demand for cold chain within the food
industry. On the other hand, high requirement of energy, need for
proper infrastructure, environmental concerns pertaining to
greenhouse gas emissions, and lack of skilled labor are some of the
restraints curtailing the market’s progress.
Burris
Logistics, Americold Logistics, Preferred Freezer, Nichirei
Logistics, and Lineage Logistics are some of the notable players in
this market.
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