Start a Business in Cold Chain Industry

The cold chain market is developing at a 7.8% compound annual growth rate (CAGR). The market is being driven by the increasing requirement for temperature control to prevent food losses, expansion in international trade as a result of trade liberalisation, and rising demand for perishable foods among consumers throughout the world. Consumers are becoming more conscious of health and wellbeing, as well as the impact that food components, particularly protein, have on total physical and mental development. Perishable goods, such as dairy products, fruits and vegetables, and high-protein animal-based products, have changed consumption patterns as a result of this (such as meat, eggs, and fish and seafood). Perishable food products are in high demand in Asia Pacific and Latin America’s emerging economies. This can be ascribed to the increased urbanisation of these countries, changing tastes and preferences, and rising disposable income of consumers. Because of their lower adoption rates, these countries have a large market potential for processed and frozen food goods. In these countries, demand for ready-to-eat meals such as frozen pizzas, desserts, and snacks is gradually increasing.