Cold Chain Products Market
Global Cold Chain Products Market Size to Reach $325.29 Billion by 2030
[London, United Kingdom] – [1st June 2023] – The global cold chain products market is expected to reach $325.29 billion by 2030, growing at a compound annual growth rate (CAGR) of 18.6% from 2023 to 2030. The growth of the market is driven by the increasing demand for temperature-controlled storage and transportation of perishable goods, such as food, pharmaceuticals, and chemicals.
The cold chain market is segmented by product type, application, end-user, and region. By product type, the market is segmented into refrigerated warehouses, cold storage containers, and cold transportation equipment. Refrigerated warehouses are the largest segment of the market, accounting for the largest share in 2020. The growth of this segment is driven by the increasing demand for cold storage space for perishable goods.
By application, the market is segmented into food, pharmaceuticals, and chemicals. The food segment is the largest application of the cold chain market, accounting for the largest share in 2020. The growth of this segment is driven by the increasing demand for fresh and frozen food products.
By end-user, the market is segmented into food and beverage, retail, healthcare, and others. The food and beverage segment is the largest end-user of the cold chain market, accounting for the largest share in 2020. The growth of this segment is driven by the increasing demand for fresh and frozen food products.
By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America is the largest market for cold chain products, accounting for the largest share in 2020. The growth of this market is driven by the increasing demand for fresh and frozen food products, pharmaceuticals, and chemicals.
The cold chain market is a growing market and is expected to continue to grow in the coming years. The growth of the market is driven by the increasing demand for temperature-controlled storage and transportation of perishable goods.
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