GLOBAL COLD CHAIN INDUSTRY

Because of increased consumer awareness, the refrigerated storage industry in developing nations is being driven by a shift away from carbohydrate-rich diets and toward protein-rich meals. Countries like China are likely to have a substantial growth rate in the next years as a result of a consumer-led economic shift. The market in developing nations is expected to rise as technology developments in warehouse management and refrigerated transportation continue.

In addition, rising government subsidies have enabled service providers to access into these burgeoning markets with novel mobility solutions. Cold chain services are designed to carry and store temperature-sensitive products in optimal circumstances. The growing demand for perishable products and the need for quick delivery linked with the e-commerce-based food and beverage delivery business has boosted cold chain operations significantly.

Cold Chain Logistics in Pharmaceutical Industry

Pharmaceutical companies are primarily concerned with product quality and sensitivity. As more sophisticated biological-based medications are developed, shipments of hormone treatments, vaccinations, and complex proteins that require cold chain modifications must be transported at a controlled temperature. The healthcare logistics business is seeing tremendous expansion in the transportation of temperature-controlled pharmaceutical items and devices. The cold chain logistics industry will have to react quickly to rising volume and quality requirements of goods, as well as ever-increasing restrictions. Furthermore, the pharmaceutical industry’s complete cold chain supply chain and logistics are becoming more strategic and trustworthy. Biopharmaceutical products have increased at a faster rate than small molecule medications. Because of the rise in vaccines, temperature-controlled pharmaceutical products have grown at twice the rate of the pharmaceutical business as a whole. As a result, medicines are expected to rise in importance, boosting the size of the Cold Chain Logistics market.

ENTREPRENEURIAL OPPORTUNITIES

A major element driving the expansion of the cold chain industry is the development of retail channels and chains in the form of supermarkets, hypermarkets, and convenience stores. Furthermore, retail chains have progressed to the point that several companies now have their own chilled storing facilities. Walmart, Tesco, Spar, and 7-Eleven are growing their stores in industrialised countries like the United Kingdom, Germany, and the United States, as well as emerging markets like China, Brazil, and Argentina.

GLOBAL MARKET OUTLOOK

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.

INDIAN COLD CHAIN INDUSTRY

The Indian cold chain industry is predicted to develop at a 14.3% compound annual growth rate (CAGR). The expanding demand for processed food goods, as well as the region’s retail and e-commerce industries, are driving the Indian cold chain market. The rise of the organised food retail sector in the region is one of the most important aspects that will help the business thrive. Currently, it is the world’s greatest milk producer and the second-largest producer of fruits and vegetables. Marine, meat, and poultry products are also produced in large quantities in the region. Because most of these products are perishable and temperature-sensitive, they must be stored and transported at a specified temperature. As a result, there is a demand for large cold chain facilities in the region, which is contributing to their construction. Among different types of cold chain storage, the cold chain storage sector dominates the Indian market, accounting for the majority of market share. Currently, the private sector dominates the industry, followed by the cooperative sector and the public sector.

TOP PLAYERS WORLDWIDE

• B. Oxford Cold Storage
• Adani Agri Fresh Ltd.
• AGRO Merchants Group, LLC
• AIT
• AmeriCold Logistics
• Assa Abloy
• Best Cold Chain Co.
• Burris Logistics
• Chase Doors
• Cloverleaf Cold Storage
• Cold Box Express, Inc.
• Cold Chain Technologies, Inc.
• Creopack
• Cryopack Industries, Inc.
• Crystal Logistics Cool Chain Ltd.
• CWT Limited
• DHL
• Gruppo Marconi Logistica Integrata
• Gubba Cold Storage Pvt. Ltd.
• Harshna Ice & Cold Storage Pvt. Ltd.
• Interstate Cold Storage
• JWD Group
• Kloosterboer
• Lineage Logistics
• NewCold Coöperatief U.A.
• Nichirei Logistics Group
• Nordic Logistics and Warehousing, LLC
• OOCL Logistics
• Preferred Freezer Services
• Preferred Freezer Services, LLC
• Samagra Agribusiness Services Pvt Ltd
• SCG Logistics
• Swift Transportation
• Swire Group
• VersaCold Logistics Services
• X2 Group
• XPO Logistics