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A continuous growth in the population, increase in demand for high quality perishable food products, increase in healthy food products like fruits and vegetables couple with an increase in the national and international trade activities are some of the key factors contributing to high CAGR of cold chain market during forecast period.
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Cold Chain Market To Reach USD 358.2 Billion By 2026
Market Summary A continuous growth in the population, increase in demand for high quality perishable food products, increase in healthy food products like fruits and vegetables couple with an increase in the national and international trade activities are some of the key factors contributing to high CAGR of cold chain market during forecast period. Market Size – USD 197.2 Billion in 2018, Market Growth - CAGR of 7.7%, Market Trends – Growing demand for perishable food products. According to the current analysis of Reports and Data, the global cold chain market was valued at USD 197.2 Billion in 2018 and is expected to reach the value of USD 358.2 Billion by the end of the year 2026, at a CAGR of 7.7%.
Our Approach Our Approach Market Summary The cold chain market is considered to be the backbone of the agricultural industry. The cold chain consists of pre-cooling, refrigerated storage, and refrigerated transport of perishable food products. Despite the increasing importance of cold chain processes in food and pharmaceutical industry, the prevalence of cold chain management is still very weak in most of developing countries. Due to expansion in the food industry coupled with initiatives taken by the government to reduce food wastage, cold chain infrastructure has increased extensively in past years. Developing an undisturbed chain of storage and distribution of perishable products is highly crucial in order to help the farmers gain higher value for their produces and ensure safe and quality product delivery to the end-users. Request for a sample of this research report @ https://www.reportsanddata.com/sample-enquiry-form/2136
Our Approach Our Approach Market Summary Further key findings from the report suggest • The cold chain market is growing at a CAGR of 5% in the Asia Pacific region, followed by Europe and North America, with 7.5 % and 7.4% CAGR, respectively. Increase in food spoilage coupled with an increase in demand for high-quality perishable products is expected to drive the growth of the cold chain market. • Europe is the dominating cold chain with the highest market share of around 28.6% of the global market. European regional market is the chief revenue-generating source for this product segment, followed by Asia Pacific and North American regions. • With an increase in food-borne diseases, people are more concern about the quality and the safety of the food product. Various techniques are deployed in order to test the quality of the frozen food product. For example, gas chromatography is performed on the food product to ensure it meets the quality standards throughout the delivery process. To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/cold-chain-market
Our Approach Our Approach Market Summary Key participants include Americold Logistics LLC, Burris Logistics, Lineage Logistics Holding, LLC, Preferred Freezer Services, Inc., Nichirei Logistics Group Inc, Nordic Logistics and Warehousing LLC, Swift Transportation, Trenton Cold Storage, Interstate Cold Storage Inc, Henningsen Cold Storage Co., and VersaCold Logistics Services. For the purpose of this report, Reports and Data has segmented the Cold chain market on the basis of type, temperature type, application type, technology, and region: Type (Volume in Thousands Unit; Revenue in USD Million; 2016–2026) Refrigerated Storage Refrigerated Transport Temperature Type (Volume in Thousands Unit; Revenue in USD Million; 2016–2026) Chilled Frozen
Our Approach Our Approach Market Summary Application Type (Volume in Thousands Unit; Revenuein USD Million; 2016–2026) Dairy and Frozen Desserts Meat and Seafood Fruits and Vegetables Bakery and Confectionery Pharmaceutical Others Order Now: https://www.reportsanddata.com/checkout-form/2136
Our Approach Our Approach About Us About Us Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com