The
growing demand for frozen and chilled food and beverages owing to the
shifting preferences of consumers will boost the development of the
global cold chain market for food industry. In addition, the huge
development potential in emerging markets as well as the untapped
regions present new development opportunities for the players
operating in the global cold chain market for food industry.
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This
study provides a detailed evaluation of the cold chain market in the
food industry and incorporates statistically backed and
industry-validated information, facts, and historical data. It
presents a complete evaluation of the top players operating in the
market and a crisp insight on the trends and developments taking
place in the market. In addition, the strategies adopted by prime
players and their key offerings in the market have also been
presented. The leading segments and sub-segments in this market and
their predicted growth by the end of 2023 is also presented under
this report.
A
detailed analysis has also been presented on the technological
advancements taking place in the market in this study. In addition,
the value chain analysis and stake holder analysis of the global cold
chain market for food industry is also presented under this report.
The dynamics influencing the growth of this market have also been
studied in detail under this study. The regulatory scenario of the
market has also been highlighted under the purview of this report.
The
global cold
chain market is driven by numerous initiatives been taken by
governments globally for the development of cold chain
infrastructure. In addition, the need for transport facilities and
cold storage and the growing activities of export and import have
resulted in numerous capital investments by prime players. This will
also positively impact the development of the global cold chain
market for food industry. Furthermore, the growing disposable incomes
and the swift urbanization globally have also boded well for the
development of the overall market.
The
globally rising population has also resulted in an increased demand
for convenience and processed foods, thus fuelling the cold chain
market in the food industry. The development in perishable food
products’ international trade will also positively influence the
global cold chain market. The cold chain service providers are
targeting on the adoption of cutting-edge technologies for catering
to the growing demand for food safety in convenience and processed
foods. This is why, cold chain is seen as a top business opportunity
for the coming years resulting in numerous multinational vendors’
penetration into this market for providing better cold chain
solutions. Hence, the adoption of cutting-edge technologies will also
bolster the over growth of global cold chain market for the food
industry. However, the dearth of funds and the underdeveloped cold
chain infrastructure in numerous emerging economies have come up as
key bottlenecks in the cold chain market for food industry.
In
terms of regions, the global cold chain market for food industry is
segmented into Europe, North America, Asia Pacific, and Rest of the
World (RoW). Of these, the North America cold chain market is the top
market. The increasing demand for chilled and frozen foods and the
rising trade activities will drive the growth of the market in North
America.
The
top players dominant in the market are DHL International GmbH, FedEx
Corporation, Continental Air Cargo, World Courier, and Kuehne and
Nagel International AG, among others.
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