Cold Chain

Global Cold Chain Market to Reach US$447.8 Billion by 2030

The global market for Cold Chain estimated at US$312.4 Billion in the year 2024, is expected to reach US$447.8 Billion by 2030, growing at a CAGR of 6.2% over the analysis period 2024-2030. Frozen, one of the segments analyzed in the report, is expected to record a 6.4% CAGR and reach US$314.8 Billion by the end of the analysis period. Growth in the Chilled segment is estimated at 5.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$84.3 Billion While China is Forecast to Grow at 5.8% CAGR

The Cold Chain market in the U.S. is estimated at US$84.3 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$70.3 Billion by the year 2030 trailing a CAGR of 5.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.6% and 5.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.

Global Cold Chain Market - Key Trends and Drivers Summarized

Why Is the Cold Chain Critical to the Global Supply Chain?

The cold chain refers to a temperature-controlled supply chain that ensures the safe storage and transportation of perishable goods such as food, pharmaceuticals, and chemicals. Cold chain logistics are essential for maintaining product quality and safety, particularly for vaccines, dairy products, seafood, and other temperature-sensitive items. With the global expansion of the food industry and the increasing demand for temperature-sensitive pharmaceuticals, cold chain infrastructure has become a crucial component of modern logistics. The rise of e-commerce in grocery delivery and the growing need for efficient distribution of biologics and vaccines have heightened the importance of robust cold chain solutions.

What Innovations Are Shaping the Cold Chain Market?

The cold chain market is evolving with innovations in temperature monitoring, packaging solutions, and data analytics. IoT-enabled sensors and advanced tracking systems are allowing companies to monitor temperature conditions in real-time throughout the supply chain, reducing the risk of spoilage and ensuring compliance with regulatory standards. Smart packaging solutions, such as phase change materials (PCMs) and vacuum-insulated panels, are improving temperature stability during transit, extending the shelf life of perishable products. Additionally, data analytics tools are enabling companies to optimize logistics routes and reduce energy consumption in refrigerated transportation, further enhancing the efficiency of the cold chain.

How Do Market Segments Define the Growth of the Cold Chain?

Components include storage, transportation, and monitoring systems, with transportation accounting for the largest market share due to the critical need for reliable refrigerated transport in global supply chains. Applications span across food and beverages, pharmaceuticals, chemicals, and agriculture, with the pharmaceutical sector witnessing significant growth due to the increasing demand for temperature-sensitive biologics and vaccines. Geographically, North America and Europe are key markets due to their established cold chain infrastructure, while Asia-Pacific is experiencing rapid growth due to the expansion of the food and pharmaceutical industries.

What Factors Are Driving the Growth in the Cold Chain Market?

The growth in the cold chain market is driven by several factors, including the rising demand for temperature-sensitive pharmaceuticals, the expansion of global food supply chains, and the increasing adoption of e-commerce in grocery delivery. The pharmaceutical industry, particularly the need for efficient vaccine distribution, is a major growth driver, as cold chain solutions are essential for maintaining the efficacy of biologics and vaccines. The globalization of food production and consumption is also driving demand for cold chain logistics, as companies seek to deliver fresh produce, dairy, and seafood across long distances. Additionally, innovations in temperature monitoring and packaging are enhancing the reliability and efficiency of the cold chain, further fueling market growth.

SCOPE OF STUDY:

The report analyzes the Cold Chain market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Temperature Type (Frozen, Chilled); Application (Dairy & Frozen Desserts, Fruits & Vegetables, Fish, Meat, & Seafood, Bakery & Confectionery, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 33 Featured) -

• AGRO Merchants
• Al-Rai Logistica K.S.C
• Americold Logistics
• Barloworld Limited
• Brothers General Transport LLC
• Burris Logistics
• Global Shipping & Logistics LLC
• Gulf Drug LLC
• Lineage Logistics Holding LLC
• Nichirei Logistics Group Inc
• Preferred Freezer Services
• RSA Logistics
• Wared Logistics

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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