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The food and beverage cold chain logistics market size is forecast to increase by USD 175.26 billion at a CAGR of 16.83% between 2023 and 2028. The adoption of 3D printing technologies is accelerating across industries, driven by a preference for advanced materials and a strategic priority for establishing enhanced connectivity systems. This transformative approach allows for efficient and customizable manufacturing processes, revolutionizing how components and products are designed and produced. Industries ranging from aerospace and automotive to healthcare and consumer goods are leveraging 3D printing to achieve unparalleled flexibility and precision in manufacturing. The emphasis on advanced materials enhances product performance and durability, meeting evolving consumer demands for high-quality and innovative solutions. Simultaneously, the integration of enhanced connectivity systems ensures seamless operation and data exchange across production cycles, optimizing efficiency and reducing time-to-market. As companies embrace these technologies, they pave the way for future advancements in manufacturing capabilities and product development, marking a significant shift towards more agile and responsive industrial practices.
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In the realm of food and beverage products, maintaining quality through temperature-controlled storage and transport is crucial, supported by advancements in cold chain technology and cold chain logistics technology. These innovations ensure the safe handling of processed food and beverages, frozen and chilled food products, and temperature-sensitive food and beverages throughout international trade and online retailing channels. The emphasis on food safety and freshness underscores the importance of controlled environments in warehouses and containers along the supply chain. E-commerce platforms facilitate the efficient food delivery of fresh and organic food products, leveraging technologies like IoT for monitoring temperature-controlled environments during storing and transporting of perishable items such as meat, seafood, and beverages. Innovations like fuel cell-based forklifts further enhance sustainability in import-export activities, ensuring efficient operations while maintaining product integrity.
The rising consumption is notably driving market growth. Owing to a rise in refrigerated foods consumption the global food and beverage cold chain logistics market is growing. Sales of frozen foods are growing due to the convenience that they offer to consumers in terms of easy and immediate cooking.
Frozen foods are generally used by consumers as an alternative to fresh and home-cooked food. The convenience that ready-to-eat meals offer to consumers is encouraging the consumption of frozen food, mainly due to factors such as busy lifestyles, among others. In addition, rapid urbanization is also driving the growth of the frozen food market. Hence, the growth of the frozen food industry will drive the global market during the forecast period.
The rising popularity of blockchain technology to improve traceability in cold chains is an emerging trend in the market. Blockchain technology is basically a series of information that helps in the recording of events that cannot be altered or tampered with. Multiple users can access or add data to the chain but will not be able to change or delete the information that is already present.
This technology removes the need for a central authority to maintain records that help the supply chain processes become more efficient and cost-effective. Moreover, the use of blockchains in the cold chain logistics market is gaining popularity for refrigerated products. This is because the technology helps manufacturers to track production and delivery. Thus, such factors will propel the growth of the market during the forecast period.
The high cost involved in building and operating cold chains is a major challenge impeding the market. The decision to set up a refrigerated warehouse is a strategic decision that must be taken after due consideration of factors such as location, connectivity, and the price of land. This is due to the fact that a cold chain is a critical service that requires the uninterrupted flow of goods in a temperature-controlled environment and setting up cold storage near the production facility is vital.
The primary challenge in building a new refrigerated warehouse is the high cost of infrastructure. In addition to this, the operating cost for refrigerated warehouses is also high. A major operating cost in a refrigerated warehouse is energy cost. On average, a diesel power refrigeration unit consumes about 3.5-4.5 liters of diesel per hour. Furthermore, there is a shortage of reefer containers in the market, which is increasing the freight cost. This rise in reefer container freight rates will increase the cost of refrigerated transportation. Therefore, such factors will hinder the market growth during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Burris Logistics - The company focuses on custom dedicated distribution, freight management, logistic technology, warehouse management, and many more. The key offerings of the company include cold chain logistics for food and beverage.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the meat and seafood segment will be significant during the forecast period. Products such as meat need to be refrigerated or frozen after processing and before shipment to restrict the growth of pathogens and reduce the chances of spoilage. The high water, protein, and fat content in meat make it perishable. Storing meat at low temperatures can prevent spoiling.
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The meat and seafood segment was valued at USD 33.48 billion in 2018. There are three types of meat products. These are fresh meat products, processed meat products, and frozen meat products. Transportation of each of these types of products involves different guidelines. Generally, frozen meat products can be transported all over the world as freezing ensures a longer shelf life as opposed to fresh products. Hence, fresh meat products should not be transported over long distances. Moreover, the consumption of meat is expected to increase globally by 2030, mainly because of the growing awareness of protein intake, which is higher in meat. Similarly, the consumption of seafood is also growing worldwide. Moreover, the production and export of fish from countries such as Chile, Indonesia, and Norway are also growing rapidly. Hence, such factors will boost the growth of the meat and seafood segment during the forecast period.
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APAC is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Another region offering significant growth opportunities to vendors is North America. North America is the largest region of the global market in 2022 and will continue to be the largest segment during the forecast period. The market in North America is expected to grow due to the rise in the import and export of perishable products and an increase in online grocery sales. Countries such as the US have increased their dependency on imports of fruits and vegetables in the past ten years, especially products such as asparagus and avocados. Furthermore, it is also registering an increase in the consumption of meat as consumers want to add more protein to their diet.
Moreover, the import of exotic fruits and vegetables, along with the growing consumption of meat and poultry, in the country has led to the expansion of refrigerated warehouses. The growing demand for these warehouses is also encouraging vendors in the market to expand their cold storage capacities in different regions. These factors will lead to an increase in revenue inflow in the cold chain market in North America during the forecast period, which will also help in boosting the growth of the market in the region.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
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Effective temperature-controlled packaging solutions are critical in industries such as food processing, food distribution, food retail, beverage processing, and beverage distribution. These solutions ensure that products maintain freshness and quality throughout their journey using refrigerated trucks, refrigerated containers, refrigerated vans, and refrigerated railcars. Temperature monitoring and tracking and tracing technologies enable real-time monitoring of temperature and humidity, minimizing product spoilage and ensuring adherence to quality standards. The integration of cloud computing and real-time monitoring facilitates efficient cold storage management and enhances logistics and warehousing operations. Automation and robotics, including automated storage and retrieval systems and warehouse management systems, optimize storage and transportation processes, supporting cold chain logistics infrastructure. This infrastructure plays a crucial role in sectors beyond food and beverages, including vaccines, medical supplies, and dairy products, ensuring compliance with cold chains traceability and temperature-controlled warehousing standards while reducing waste in frozen food consumption and enhancing import-export activity via airways, roadways, and seaways.
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Market Scope |
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Report Coverage |
Details |
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Page number |
166 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 16.83% |
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Market growth 2024-2028 |
USD 175.26 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
14.01 |
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Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 33% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Americold Realty Trust Inc., Burris Logistics Co., Capstone Logistics LLC, Claus Sorensen AS, Coldco Logistics, ColdEX Ltd., Frigoscandia AB, Hanson Logistics Ltd., John Swire and Sons Ltd., Kalypso, Kloosterboer, Lineage Logistics Holdings LLC, NewCold Cooperatief UA, Nichirei Corp., Seafrigo Group, Stockhabo, Tippmann Group, TRENTON COLD STORAGE, and VersaCold Logistics Services |
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Market dynamics |
Parent market analysis, Market forecasting growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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