The global cold chain frozen foods market is expected to grow at a significant CAGR during the forecast period (2021-2027). Frozen meats such as cattle, poultry, and pork are transported using a cold chain. Cold storage facilities are frequently used to transport frozen bakery products such as cakes and breads. Milk and dairy products, likewise, have been linked to food borne illnesses and are thus strictly regulated. The usage of cold chains in the food and beverage industry can prevent food quality deterioration.
A major factor driving the market growth 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. Large food retail chains such as Walmart, Tesco, Spar, and 7-Eleven are growing their stores in established countries such as the UK, Germany, and the US, and in emerging markets such as China, Brazil, and Argentina. For instance, Walmart is the world’s largest retailer, with over 11,000 stores in 27 countries. It has a huge fleet for perishable commodities transportation and an efficient distribution network. It also contracts third-party refrigerated warehousing service providers to transfer perishable commodities effectively to its retail outlets. The rise of such huge merchants, as well as their expanding operations in international trade, is spurring expansion in the refrigerated warehousing and refrigerated transportation markets, which in turn, provides lucrative opportunities for the global cold chain frozen food market.
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The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, and new product launches, to remain competitive in the marketplace. For instance, Agro Merchants Group (US) extended its operations at its Nashville plant in April 2020 by adding more chilled storage capacity. This choice was made in order to meet the growing demand. The temperature in the new storage facility will be kept between 32- and 38-degrees Fahrenheit. It will increase the emphasis on frozen food storage and management. Further, Agro Merchants Group (US) introduced a new drayage service in Southern California in March 2020. This will bring value to its customers while also assist in the integration of its supply chain. The new service comprises picking up customer freight from Los Angeles/Long Beach port terminals and delivering it to Agro’s temperature-controlled distribution hub in Carson, California, US.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Temperature
- By Type
- By Application
Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape: Americold Logistics LLC, Lineage Logistics Holdings, LLC, and Nichirei Corp., among others.
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Global Cold Chain Frozen Foods Market Report by Segment
By Temperature
- Frozen
- Chilled
By Type
- Refrigerated Warehousing
- Refrigerated Transport
By Application
- Fruits and Vegetables
- Fish
- Meat and Seafood
- Bakery & Confectionery
- Dairy and Frozen Desserts
Global Cold Chain Frozen Foods Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
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