Summary

The global cold chain market is estimated to be valued at USD 228.3 billion in 2024 and is projected to reach USD 372.0 billion by 2029, at a CAGR of 10.3%. The cold chain has emerged as a critical component in various industries and its importance has been rapidly growing. In the pharmaceutical sector, maintaining specific temperature conditions is paramount for preserving the efficacy and safety of drugs and vaccines. Any deviation from the required temperature range can lead to degradation of the products, rendering them ineffective or even harmful. With the rise of biopharmaceuticals and vaccines that are more temperature-sensitive, the demand for a reliable cold chain infrastructure has become even more pronounced. The cold chain ensures that these lifesaving medications reach patients in optimal condition, safeguarding public health.
Moreover, in the food and beverage sector, maintaining freshness and preventing spoilage are key concerns. From perishable foods like dairy products and meats to beverages like juices and beer, maintaining the cold chain is essential for preserving quality and ensuring consumer safety. Similarly, in the chemicals industry, certain chemicals and raw materials require specific temperature conditions to prevent degradation or hazardous reactions.
Beyond these sectors, the cold chain plays a crucial role in preserving the quality of various other temperature-sensitive items. In the art world, maintaining controlled temperatures and humidity levels is vital for preserving the integrity of delicate artworks and artifacts. In electronics, components and devices can be damaged by exposure to extreme temperatures during transportation and storage. Even flowers and plants require controlled temperatures to prolong their freshness and shelf life. Thus, cold chain have become pivotal to maintain product integrity, safety, and efficacy across a range of industries.
“During the forecast period, the food & beverages within the applications is anticipated to exhibit the most rapid growth, boasting the highest Compound Annual Growth Rate (CAGR).”
The sheer scale of the food and beverage industry necessitates a robust cold chain infrastructure to preserve freshness and quality throughout the supply chain. With a vast array of perishable products ranging from dairy to fresh produce, seafood to meat, maintaining optimal temperature conditions is imperative to prevent spoilage and ensure food safety. Moreover, consumer demand for fresh, organic, and premium-quality food products has surged in recent years, further driving the need for efficient cold chain logistics. This heightened consumer awareness regarding food safety and quality has compelled food producers and retailers to invest heavily in temperature-controlled storage and transportation solutions.
Additionally, stringent regulatory requirements governing food safety standards have mandated the implementation of rigorous cold chain protocols, further bolstering the demand for cold chain services within the food and beverage sector. Compared to other applications, the perishable nature of food and beverages poses unique challenges, making them the primary focus of cold chain logistics. While other industries also require temperature-controlled storage and transportation, the sheer volume and diversity of products within the food and beverage sector solidify its dominant position in the cold chain market.
“Rising consumer demand for convenience foods and stringent regulations have positioned the US in North America region as one of the dominant market in the cold chain market.”
US consumers exhibit a growing inclination towards ready-to-eat meals, fresh produce, and perishable goods that offer convenience and time-saving solutions in their fast-paced lifestyles. This shift in consumer behavior is driven by various factors such as urbanization, dual-income households, and changing dietary preferences. Convenience foods, including pre-packaged salads, microwavable meals, and on-the-go snacks, require stringent temperature control throughout the supply chain to maintain freshness and extend shelf life. As a result, there is a pressing need for advanced cold chain infrastructure to ensure the integrity of these perishable products from production to consumption. Additionally, the rise of busy lifestyles and an increasing focus on health and wellness further fuel the demand for fresh and minimally processed foods. US consumers seek out options that offer both convenience and nutritional value, driving the demand for refrigerated and frozen products.
Strict governmental regulations, including those enforced by the Global Cold Chain Alliance (GCCA), play a crucial role in shaping US’s trade landscape and fostering the growth of its cold chain industry. For instance, the implementation of laws like the Food Safety Modernization Act of 2010 (FSMA) by the US government is aimed at safeguarding the integrity of the food supply chain, thus stimulating the demand for cold chain solutions. Moreover, agreements like NAFTA have facilitated seamless trade among North American countries by abolishing import tariffs and restrictions, thereby bolstering the need for efficient cold chain infrastructure to maintain product quality and safety standards during transportation. Furthermore, initiatives led by organizations such as the GCCA in collaboration with governmental bodies like the USDA have been instrumental in developing cold chain facilities not only in US but also in emerging markets worldwide. By focusing on enhancing cold chain infrastructure, these efforts contribute to meeting the stringent regulatory requirements governing food safety and quality, thereby driving the demand for cold chain services and technologies in the country.
The break-up of the profile of primary participants in the cold chain market:
• By Company Type: Tier 1 – 25%, Tier 2 – 45%, and Tier 3 – 30%
• By Designation: CXO’s – 20%, Managers – 50%, Executives- 30%
• By Region: North America – 25%, Europe – 25%, Asia Pacific – 35%, South America – 10%, and Rest of the World –5%
Prominent companies Americold Logistics, Inc. (US), Lineage, Inc. (US), NICHIREI CORPORATION (Japan), Burris Logistics (US), and A.P. Moller - Maersk (Denmark) among others.

Research Coverage:
This research report categorizes the cold chain market by applications (food & beverages, pharmaceuticals, and other applications), type (cold chain storage and infrastructure, refrigerated transportation, and others), temperature type (chilled, frozen, and deep-frozen), technology (qualitative), and Region (North America, Europe, Asia Pacific, South America, and Rest of the World).
The report covers information about the key factors, such as drivers, restraints, opportunities, and challenges impacting the growth of the cold chain market. It also provides a detailed analysis of the major players in the market including their business overview, services offered; key strategies; partnerships, new service launches, expansions, and acquisitions. Competitive benchmarking of upcoming startups in the cold chain market is covered in this report.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall cold chain market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of key drivers (Increased demand for frozen perishable commodities ), restraints (High energy costs and requirement for significant capital investments), opportunities (Intermodal transport to save fuel costs ), and challenges (Maintaining product integrity during transportation of perishable commodities) influencing the growth of the cold chain market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new service launches in the cold chain market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the cold chain market across varied regions.
• Market Diversification: Exhaustive information about new services, untapped geographies, recent developments, and investments in the cold chain market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as Americold Logistics, Inc. (US), Lineage, Inc. (US), NICHIREI CORPORATION (Japan), Burris Logistics (US), and A.P. Moller - Maersk (Denmark) among others in the cold chain market strategies. The report also helps stakeholders understand the cold chain market and provides them with information on key market drivers, restraints, challenges, and opportunities.

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Table of Contents

1 INTRODUCTION 55
1.1 STUDY OBJECTIVES 55
1.2 MARKET DEFINITION 55
1.3 STUDY SCOPE 56
1.3.1 MARKETS COVERED 56
FIGURE 1 COLD CHAIN MARKET SEGMENTATION 56
1.3.2 REGIONS COVERED 57
1.3.3 INCLUSIONS AND EXCLUSIONS 57
1.4 YEARS CONSIDERED 58
1.5 CURRENCY CONSIDERED 59
TABLE 1 CURRENCY CONVERSION RATES, 2019–2023 59
1.6 UNITS CONSIDERED 59
1.7 STAKEHOLDERS 60
1.8 SUMMARY OF CHANGES 60
1.8.1 RECESSION IMPACT 61
2 RESEARCH METHODOLOGY 62
2.1 RESEARCH DATA 62
FIGURE 2 RESEARCH DESIGN 62
2.1.1 SECONDARY DATA 63
2.1.1.1 Key data from secondary sources 63
2.1.2 PRIMARY DATA 63
2.1.2.1 Key industry insights 64
2.1.2.2 Breakdown of primary interviews 64
2.2 MARKET SIZE ESTIMATION 65
2.2.1 BOTTOM-UP APPROACH 65
FIGURE 3 BOTTOM-UP APPROACH 66
2.2.2 TOP-DOWN APPROACH 67
FIGURE 4 TOP-DOWN APPROACH 67
2.2.3 SUPPLY-SIDE INDICATORS 68
FIGURE 5 DATA TRIANGULATION (SUPPLY SIDE) 68
2.2.4 DEMAND-SIDE INDICATORS 69
FIGURE 6 DATA TRIANGULATION (DEMAND SIDE) 69
2.3 DATA TRIANGULATION 70
FIGURE 7 DATA TRIANGULATION 70
2.4 RESEARCH ASSUMPTIONS 71
2.5 RESEARCH LIMITATIONS AND ASSOCIATED RISKS 72

2.6 IMPACT OF RECESSION ON COLD CHAIN MARKET 73
2.6.1 MACRO INDICATORS OF RECESSION 73
FIGURE 8 INDICATORS OF RECESSION 73
FIGURE 9 WORLD INFLATION RATE, 2012–2022 74
FIGURE 10 GLOBAL GDP, 2012–2022 (USD TRILLION) 75
FIGURE 11 EARLIER FORECAST VS. RECESSION FORECAST, 2023–2024 76
3 EXECUTIVE SUMMARY 77
TABLE 2 COLD CHAIN MARKET SNAPSHOT, 2024 VS. 2029 78
FIGURE 12 FROZEN SEGMENT TO DISPLAY LARGEST MARKET SHARE DURING FORECAST PERIOD 78
FIGURE 13 FOOD & BEVERAGE SEGMENT TO SHOWCASE LARGEST MARKET SHARE (2024 VS. 2029) 79
FIGURE 14 REFRIGERATED TRANSPORTATION SERVICES TO WITNESS LARGEST MARKET SHARE DURING FORECAST PERIOD 80
FIGURE 15 ASIA PACIFIC TO REGISTER HIGHEST CAGR OF COLD CHAIN MARKET DURING FORECAST PERIOD 81
4 PREMIUM INSIGHTS 82
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN COLD CHAIN MARKET 82
FIGURE 16 ORGANIZED RETAIL SECTOR AND GROWING DEMAND FOR CONVENIENCE FOOD ITEMS TO DRIVE MARKET 82
4.2 ASIA PACIFIC: COLD CHAIN MARKET, BY APPLICATION AND COUNTRY 83
FIGURE 17 FOOD & BEVERAGE SEGMENT AND CHINA TO ACCOUNT FOR LARGEST SHARES IN ASIA PACIFIC COLD CHAIN MARKET IN 2024 83
4.3 COLD CHAIN MARKET, BY COUNTRY 84
FIGURE 18 CHINA TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024 84
4.4 COLD CHAIN MARKET, BY TYPE 85
FIGURE 19 REFRIGERATED TRANSPORTATION SERVICES SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 85
4.5 COLD CHAIN MARKET, BY TEMPERATURE TYPE 86
FIGURE 20 FROZEN SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 86
4.6 COLD CHAIN MARKET, BY APPLICATION 87
FIGURE 21 FOOD & BEVERAGE SEGMENT TO HAVE LARGEST MARKET SHARE DURING FORECAST PERIOD 87
4.7 COLD CHAIN MARKET, BY FOOD & BEVERAGE APPLICATION 88
FIGURE 22 FISH, MEAT, & SEAFOOD SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 88
5 MARKET OVERVIEW 89
5.1 INTRODUCTION 89
5.2 MACROECONOMIC INDICATORS 89
5.2.1 EXPANDING POPULATION AND URBANIZATION 89
FIGURE 23 WORLD POPULATION, BY GROUP OF ECONOMY (USD BILLION) 90
FIGURE 24 URBAN POPULATION, BY GROUP OF ECONOMY (PERCENTAGE OF TOTAL POPULATION) 91
5.2.2 GROWING ORGANIZED RETAIL SECTOR 91
FIGURE 25 US RETAIL SALES, 2013–2020 (USD TRILLION) 92
FIGURE 26 GCC RETAIL SALES, BY COUNTRY (%), 2020 92
FIGURE 27 PERCENTAGE DISTRIBUTION OF INDIAN RETAIL MARKET, 2021 93
5.2.3 RISING CONSUMPTION OF CONVENIENCE FOODS 93
5.3 MARKET DYNAMICS 94
FIGURE 28 COLD CHAIN MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 94
5.3.1 DRIVERS 94
5.3.1.1 Growing demand for frozen foods 94
FIGURE 29 GLOBAL FROZEN READY MEALS VS. FROZEN PIZZA SALES (USD MILLION) 95
5.3.1.2 Rising international trade of perishable commodities 95
5.3.1.3 Need for temperature control to prevent food loss and potential health hazards 96
FIGURE 30 GLOBAL FOOD LOSS TRENDS, 2015–2019 97
FIGURE 31 ANNUAL FOOD WASTAGE IN INDIA AS PERCENTAGE OF PRODUCTION, 2020 97
FIGURE 32 SHARE OF FOOD LOSSES IN HIGH-IMPACT COUNTRIES, 2019 98
5.3.1.4 Technological innovations in refrigerated systems and equipment 99
5.3.2 RESTRAINTS 99
5.3.2.1 High energy costs and need for significant capital investments 99
FIGURE 33 FACTORS INFLUENCING COST OF 16-TON MULTI-AXLE VEHICLES 100
5.3.2.2 Environmental concerns regarding greenhouse gas emissions 101
FIGURE 34 ENVIRONMENTAL IMPACT OF FOOD SUPPLY CHAIN 102
5.3.3 OPPORTUNITIES 102
5.3.3.1 Rising preference for intermodal transport to save fuel cost 102
5.3.3.2 Government support for cold chain infrastructure development 103
5.3.4 CHALLENGES 104
5.3.4.1 Need to ensure product integrity during transportation of perishable commodities 104
5.3.4.2 Rising fuel costs 105
6 INDUSTRY TRENDS 106
6.1 INTRODUCTION 106
6.2 VALUE CHAIN ANALYSIS 106
FIGURE 35 VALUE CHAIN ANALYSIS 106
6.2.1 SUPPLY PROCUREMENT 106
6.2.2 TRANSPORT 107
6.2.3 STORAGE 107
6.2.4 DISTRIBUTION 107
6.2.5 END-PRODUCT MANUFACTURERS 107

6.3 TECHNOLOGY ANALYSIS 108
6.3.1 KEY TECHNOLOGIES 108
6.3.1.1 Internet of Things 108
6.3.1.2 Artificial intelligence and machine learning 108
6.3.1.3 Radio frequency identification 108
6.3.2 COMPLEMENTARY TECHNOLOGIES 109
6.3.2.1 Advanced analytics and data aggregation 109
6.3.2.2 Telematics 109
6.4 PATENT ANALYSIS 109
TABLE 3 PATENT ANALYSIS 109
FIGURE 36 PATENTS ANALYSIS 112
FIGURE 37 REGIONAL ANALYSIS OF PATENTS GRANTED, 2014–2024 112
6.5 ECOSYSTEM ANALYSIS 113
6.5.1 DEMAND SIDE 113
6.5.2 SUPPLY SIDE 113
FIGURE 38 ECOSYSTEM MAPPING 113
TABLE 4 ROLE OF COMPANIES IN ECOSYSTEM 114
6.6 TRADE ANALYSIS 114
6.6.1 EXPORT DATA 114
TABLE 5 EXPORT DATA FOR HS CODE 8418, BY COUNTRY, 2022 (USD THOUSAND) 115
FIGURE 39 EXPORT DATA FOR HS CODE 8418, BY COUNTRY, 2018–2022 (USD THOUSAND) 115
6.6.2 IMPORT DATA 116
TABLE 6 IMPORT DATA FOR HS CODE 8418, BY COUNTRY, 2022 (USD THOUSAND) 116
FIGURE 40 IMPORT DATA FOR HS CODE 8418, BY COUNTRY, 2018–2022 (USD THOUSAND) 116
6.7 PRICING ANALYSIS 117
6.7.1 AVERAGE SERVICE PRICE TREND, BY VEHICLE TYPE 117
FIGURE 41 AVERAGE SERVICE PRICE TREND, BY VEHICLE TYPE (USD/UNIT) 117
TABLE 7 AVERAGE SERVICE PRICE TREND, BY VEHICLE TYPE, 2019–2023 (USD/UNIT) 118
6.7.2 AVERAGE SERVICE PRICE TREND, BY REGION 118
TABLE 8 AVERAGE SERVICE PRICE TREND, BY REGION, 2019–2023 (USD/CUBIC METER) 118
6.8 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 118
FIGURE 42 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 119
6.9 INVESTMENT AND FUNDING SCENARIO 119
FIGURE 43 INVESTMENT AND FUNDING SCENARIO 119
6.10 KEY CONFERENCES AND EVENTS 120
TABLE 9 KEY CONFERENCES AND EVENTS, 2024 120

6.11 REGULATORY LANDSCAPE 121
6.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 121
TABLE 10 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 121
TABLE 11 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 122
TABLE 12 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 123
TABLE 13 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 124
6.11.2 NORTH AMERICA 124
6.11.2.1 US 124
6.11.2.2 Canada 125
6.11.3 EUROPE 125
6.11.4 ASIA PACIFIC 126
6.11.4.1 China 126
6.11.4.2 India 126
6.11.4.2.1 Integrated cold chain and value addition infrastructure scheme 126
6.11.4.2.2 Capital investment subsidy scheme for cold storage 126
6.11.4.2.3 Priority sector lending norms 126
6.11.4.2.4 Financial assistance for setting up of cold chain 127
6.11.4.2.5 Essential Commodities Act 127
6.11.4.2.6 Ease of doing business 127
6.11.4.3 Australia 128
6.11.4.3.1 Never warmer than 128
6.11.4.3.2 Maximum out of refrigeration 128
6.11.4.3.3 First expiry first out 128
6.12 CASE STUDY ANALYSIS 129
6.12.1 IMPLEMENTATION OF TELUS COLD CHAIN SOLUTIONS ON SUNDROP FARMS TO ENSURE FRESHNESS OF AGRICULTURAL PRODUCE 129
6.12.2 COLD CHAIN SOLUTION BY EMERSON USED FOR VACCINE STORAGE 129
6.12.3 UTILIZATION OF PANASONIC COLD CHAIN SOLUTIONS FOR IMPROVED FOOD SUPPLY CHAIN 130
6.13 PORTER’S FIVE FORCES ANALYSIS 131
TABLE 14 IMPACT OF PORTER’S FIVE FORCES 131
FIGURE 44 PORTER’S FIVE FORCES ANALYSIS 131
6.13.1 INTENSITY OF COMPETITIVE RIVALRY 132
6.13.2 BARGAINING POWER OF SUPPLIERS 132
6.13.3 BARGAINING POWER OF BUYERS 132
6.13.4 THREAT OF SUBSTITUTES 132
6.13.5 THREAT OF NEW ENTRANTS 133

6.14 KEY STAKEHOLDERS AND BUYING CRITERIA 133
6.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 133
FIGURE 45 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION 134
TABLE 15 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION 134
6.14.2 BUYING CRITERIA 134
TABLE 16 KEY BUYING CRITERIA, BY APPLICATION 134
FIGURE 46 KEY BUYING CRITERIA, BY APPLICATION 135
7 COLD CHAIN MARKET, BY TYPE 136
7.1 INTRODUCTION 137
FIGURE 47 COLD CHAIN MARKET, BY TYPE, 2024 VS. 2029 (USD MILLION) 137
TABLE 17 COLD CHAIN MARKET, BY TYPE, 2019–2023 (USD MILLION) 138
TABLE 18 COLD CHAIN MARKET, BY TYPE, 2024–2029 (USD MILLION) 138
7.2 COLD CHAIN STORAGE & INFRASTRUCTURE 138
7.2.1 EXPANDING E-COMMERCE INDUSTRY AND STRICTER REGULATORY STANDARDS TO DRIVE MARKET 138
TABLE 19 COLD CHAIN STORAGE & INFRASTRUCTURE: COLD CHAIN MARKET, BY REGION, 2019–2023 (USD MILLION) 139
TABLE 20 COLD CHAIN STORAGE & INFRASTRUCTURE: COLD CHAIN MARKET, BY REGION, 2024–2029 (USD MILLION) 139
TABLE 21 COLD CHAIN STORAGE & INFRASTRUCTURE: COLD CHAIN MARKET, BY REGION, 2019–2023 (MILLION CUBIC METERS) 139
TABLE 22 COLD CHAIN STORAGE & INFRASTRUCTURE: COLD CHAIN MARKET, BY REGION, 2024–2029 (MILLION CUBIC METERS) 140
7.3 REFRIGERATED TRANSPORTATION SERVICES 140
TABLE 23 REFRIGERATED TRANSPORTATION SERVICES: COLD CHAIN MARKET, BY TYPE, 2019–2023 (USD MILLION) 140
TABLE 24 REFRIGERATED TRANSPORTATION SERVICES: COLD CHAIN MARKET, BY TYPE, 2024–2029 (USD MILLION) 141
TABLE 25 REFRIGERATED TRANSPORTATION SERVICES: COLD CHAIN MARKET, BY REGION, 2019–2023 (USD MILLION) 141
TABLE 26 REFRIGERATED TRANSPORTATION SERVICES: COLD CHAIN MARKET, BY REGION, 2024–2029 (USD MILLION) 141
7.3.1 REFRIGERATED ROAD TRANSPORTATION SERVICES 142
TABLE 27 REFRIGERATED ROAD TRANSPORTATION SERVICES: COLD CHAIN MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION) 142
TABLE 28 REFRIGERATED ROAD TRANSPORTATION SERVICES: COLD CHAIN MARKET, BY VEHICLE TYPE, 2024–2029 (USD MILLION) 142
TABLE 29 REFRIGERATED ROAD TRANSPORTATION SERVICES: COLD CHAIN MARKET, BY VEHICLE TYPE, 2019–2023 (UNITS) 143
TABLE 30 REFRIGERATED ROAD TRANSPORTATION SERVICES: COLD CHAIN MARKET, BY VEHICLE TYPE, 2024–2029 (UNITS) 143
TABLE 31 REFRIGERATED ROAD TRANSPORTATION SERVICES: COLD CHAIN MARKET, BY REGION, 2019–2023 (USD MILLION) 143
TABLE 32 REFRIGERATED ROAD TRANSPORTATION SERVICES: COLD CHAIN MARKET, BY REGION, 2024–2029 (USD MILLION) 144
TABLE 33 REFRIGERATED ROAD TRANSPORTATION SERVICES: COLD CHAIN MARKET, BY REGION, 2019–2023 (UNITS) 144
TABLE 34 REFRIGERATED ROAD TRANSPORTATION SERVICES: COLD CHAIN MARKET, BY REGION, 2024–2029 (UNITS) 144
7.3.1.1 Refrigerated LCV 145
7.3.1.1.1 Growing demand for ready-to-eat food to drive market 145
TABLE 35 REFRIGERATED LCV: COLD CHAIN MARKET, BY REGION, 2019–2023 (USD MILLION) 145
TABLE 36 REFRIGERATED LCV: COLD CHAIN MARKET, BY REGION, 2024–2029 (USD MILLION) 145
TABLE 37 REFRIGERATED LCV: COLD CHAIN MARKET, BY REGION, 2019–2023 (UNITS) 146
TABLE 38 REFRIGERATED LCV: COLD CHAIN MARKET, BY REGION, 2024–2029 (UNITS) 146
7.3.1.2 Refrigerated MHCV 146
7.3.1.2.1 Increasing demand for time-sensitive delivery of perishable goods to drive market 146
TABLE 39 REFRIGERATED MHCV: COLD CHAIN MARKET, BY REGION, 2019–2023 (USD MILLION) 147
TABLE 40 REFRIGERATED MHCV: COLD CHAIN MARKET, BY REGION, 2024–2029 (USD MILLION) 147
TABLE 41 REFRIGERATED MHCV: COLD CHAIN MARKET, BY REGION, 2019–2023 (UNITS) 147
TABLE 42 REFRIGERATED MHCV: COLD CHAIN MARKET, BY REGION, 2024–2029 (UNITS) 148
7.3.1.3 Refrigerated HCV 148
7.3.1.3.1 Booming cold chain infrastructure to drive market 148
TABLE 43 REFRIGERATED HCV: COLD CHAIN MARKET, BY REGION, 2019–2023 (USD MILLION) 148
TABLE 44 REFRIGERATED HCV: COLD CHAIN MARKET, BY REGION, 2024–2029 (USD MILLION) 149
TABLE 45 REFRIGERATED HCV: REFRIGERATED ROAD TRANSPORTATION MARKET, BY REGION, 2019–2023 (UNITS) 149
TABLE 46 REFRIGERATED HCV: REFRIGERATED ROAD TRANSPORTATION MARKET, BY REGION, 2024–2029 (UNITS) 149
7.3.2 REFRIGERATED SEA TRANSPORTATION SERVICES 150
7.3.2.1 Rising trade of perishable goods via maritime routes to drive market 150
TABLE 47 REFRIGERATED SEA TRANSPORTATION SERVICES: COLD CHAIN MARKET, BY REGION, 2019–2023 (USD MILLION) 150
TABLE 48 REFRIGERATED SEA TRANSPORTATION SERVICES: COLD CHAIN MARKET, BY REGION, 2024–2029 (USD MILLION) 150
7.3.3 REFRIGERATED RAIL TRANSPORTATION SERVICES 151
7.3.3.1 Growing need for cost-effective shipping solutions to drive market 151
TABLE 49 REFRIGERATED RAIL TRANSPORTATION SERVICES: COLD CHAIN MARKET, BY REGION, 2019–2023 (USD MILLION) 151
TABLE 50 REFRIGERATED RAIL TRANSPORTATION SERVICES: COLD CHAIN MARKET, BY REGION, 2024–2029 (USD MILLION) 151

7.3.4 REFRIGERATED AIR TRANSPORTATION SERVICES 152
7.3.4.1 Rising demand from agriculture export-reliant countries to drive market 152
TABLE 51 REFRIGERATED AIR TRANSPORTATION SERVICES: COLD CHAIN MARKET, BY REGION, 2019–2023 (USD MILLION) 152
TABLE 52 REFRIGERATED AIR TRANSPORTATION SERVICES: COLD CHAIN MARKET, BY REGION, 2024–2029 (USD MILLION) 152
7.4 OTHER SERVICES 153
TABLE 53 OTHER SERVICES: COLD CHAIN MARKET, BY REGION, 2019–2023 (USD MILLION) 153
TABLE 54 OTHER SERVICES: COLD CHAIN MARKET, BY REGION, 2024–2029 (USD MILLION) 153
8 COLD CHAIN MARKET, BY APPLICATION 154
8.1 INTRODUCTION 155
FIGURE 48 COLD CHAIN MARKET, BY APPLICATION, 2024 VS. 2029 (USD MILLION) 156
TABLE 55 COLD CHAIN MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 156
TABLE 56 COLD CHAIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 156
TABLE 57 FOOD & BEVERAGE: COLD CHAIN MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 157
TABLE 58 FOOD & BEVERAGE: COLD CHAIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 157
8.2 FOOD & BEVERAGE 157
TABLE 59 FOOD & BEVERAGE: COLD CHAIN MARKET, BY REGION, 2019–2023 (USD MILLION) 158
TABLE 60 FOOD & BEVERAGE: COLD CHAIN MARKET, BY REGION, 2024–2029 (USD MILLION) 158
8.2.1 DAIRY & FROZEN DESSERT 158
8.2.1.1 Increasing need to maintain temperature-sensitive commodities to drive market 158
TABLE 61 DAIRY AND FROZEN DESSERT: COLD CHAIN MARKET, BY REGION, 2019–2023 (USD MILLION) 159
TABLE 62 DAIRY AND FROZEN DESSERT: COLD CHAIN MARKET, BY REGION, 2024–2029 (USD MILLION) 159
8.2.2 FISH, MEAT, & SEAFOOD 159
8.2.2.1 Growing food industry globalization to drive market 159
TABLE 63 FISH, MEAT, & SEAFOOD: COLD CHAIN MARKET, BY REGION, 2019–2023 (USD MILLION) 160
TABLE 64 FISH, MEAT, & SEAFOOD: COLD CHAIN MARKET, BY REGION, 2024–2029 (USD MILLION) 160
8.2.3 FRUIT & VEGETABLE 161
8.2.3.1 Rising awareness of health and wellness among consumers to drive market 161
TABLE 65 FRUIT & VEGETABLE: COLD CHAIN MARKET, BY REGION, 2019–2023 (USD MILLION) 161
TABLE 66 FRUIT & VEGETABLE: COLD CHAIN MARKET, BY REGION, 2024–2029 (USD MILLION) 161
8.2.4 BAKERY & CONFECTIONERY 162
8.2.4.1 Surge in need to preserve product integrity and quality to drive market 162
TABLE 67 BAKERY & CONFECTIONERY: COLD CHAIN MARKET, BY REGION, 2019–2023 (USD MILLION) 162
TABLE 68 BAKERY & CONFECTIONERY: COLD CHAIN MARKET, BY REGION, 2024–2029 (USD MILLION) 162
8.2.5 OTHERS 163
TABLE 69 OTHERS: COLD CHAIN MARKET, BY REGION, 2019–2023 (USD MILLION) 163
TABLE 70 OTHERS: COLD CHAIN MARKET, BY REGION, 2024–2029 (USD MILLION) 163
8.3 PHARMACEUTICAL 163
8.3.1 EMERGING THERAPEUTIC MODALITIES AND COLD CHAIN SHIPPING OF GENE-BASED CUSTOMIZED MEDICINES TO DRIVE MARKET 163
TABLE 71 PHARMACEUTICAL: COLD CHAIN MARKET, BY REGION, 2019–2023 (USD MILLION) 164
TABLE 72 PHARMACEUTICAL: COLD CHAIN MARKET, BY REGION, 2024–2029 (USD MILLION) 164
8.4 OTHER APPLICATIONS 165
TABLE 73 OTHER APPLICATIONS: COLD CHAIN MARKET, BY REGION, 2019–2023 (USD MILLION) 165
TABLE 74 OTHER APPLICATIONS: COLD CHAIN MARKET, BY REGION, 2024–2029 (USD MILLION) 165
9 COLD CHAIN MARKET, BY TEMPERATURE 166
9.1 INTRODUCTION 167
FIGURE 49 COLD CHAIN MARKET, BY TEMPERATURE, 2024 VS. 2029 (USD MILLION) 167
TABLE 75 COLD CHAIN MARKET, BY TEMPERATURE, 2019–2023 (USD MILLION) 168
TABLE 76 COLD CHAIN MARKET, BY TEMPERATURE, 2024–2029 (USD MILLION) 168
9.2 CHILLED 168
9.2.1 INCREASING CONSUMPTION OF PROCESSED FOODS TO DRIVE MARKET 168
TABLE 77 CHILLED: COLD CHAIN MARKET, BY REGION, 2019–2023 (USD MILLION) 169
TABLE 78 CHILLED: COLD CHAIN MARKET, BY REGION, 2024–2029 (USD MILLION) 169
9.3 FROZEN 169
9.3.1 GROWING ADVANCEMENTS IN REFRIGERATION TECHNOLOGY TO DRIVE MARKET 169
TABLE 79 FROZEN: COLD CHAIN MARKET, BY REGION, 2019–2023 (USD MILLION) 170
TABLE 80 FROZEN: COLD CHAIN MARKET, BY REGION, 2024–2029 (USD MILLION) 170
9.4 DEEP-FROZEN 170
9.4.1 RISING DEMAND FOR FRESH FOODS TO DRIVE MARKET 170
TABLE 81 DEEP-FROZEN: COLD CHAIN MARKET, BY REGION, 2019–2023 (USD MILLION) 171
TABLE 82 DEEP-FROZEN: COLD CHAIN MARKET, BY REGION, 2024–2029 (USD MILLION) 171

10 COLD CHAIN MARKET, BY TECHNOLOGY 172
10.1 INTRODUCTION 172
10.2 BLAST FREEZING 172
10.2.1 RISING FOCUS ON ENHANCED BACTERIAL CONTROL FOR REFRIGERATED FOOD TO DRIVE MARKET 172
10.3 VAPOR COMPRESSION 173
10.3.1 GROWING DEMAND FOR MOISTURE-FREE FOOD TO DRIVE MARKET 173
10.4 PROGRAMMABLE LOGIC CONTROLLERS 173
10.4.1 INCREASING NEED FOR FLEXIBLE MANUFACTURING AND OPERATIONAL EFFICIENCY TO DRIVE MARKET 173
10.5 EVAPORATING COOLING 173
10.5.1 SURGE IN DEMAND FOR ENVIRONMENT-FRIENDLY ALTERNATIVE TO TRADITIONAL AIR CONDITIONING TO DRIVE MARKET 173
10.6 CRYOGENIC COOLING SYSTEMS 174
10.6.1 INCREASING FOCUS ON FOOD SAFETY AND QUALITY TO DRIVE MARKET 174
10.7 OTHER TECHNOLOGIES 174
11 MEANS OF TEMPERATURE CONTROL 175
11.1 INTRODUCTION 175
11.2 CONVENTIONAL REFRIGERATION 175
11.2.1 MECHANICAL REFRIGERATION 175
11.2.1.1 Increasing need for precise temperature control to drive market 175
11.3 PACKAGING MATERIALS 176
11.3.1 DRY ICE 176
11.3.1.1 Food transport and flash-freezing applications to drive market 176
TABLE 83 DRY ICE REQUIREMENT DURING TRANSIT 176
11.3.2 WET ICE 176
11.3.2.1 Rising focus on affordable means of cold storage to drive market 176
11.3.3 GEL PACKS 177
11.3.3.1 Enhanced compatibility with transportation systems to drive market 177
TABLE 84 TYPES OF CONTAINERS USED FOR GEL PACKS 177
11.3.4 EUTECTIC PLATES 177
11.3.4.1 Growing adoption for transporting temperature-sensitive goods to drive market 177
11.3.5 LIQUID NITROGEN 178
11.3.5.1 Rising utility in freeze-drying process to drive market 178
11.3.6 INSULATED BLANKETS 178
11.3.6.1 Surging demand to maintain temperatures of food, medicine, and biological samples to drive market 178
11.3.7 EXPANDED POLYSTYRENE 179
11.3.7.1 Growing focus on reusable and recyclable solutions to drive market 179

12 COLD CHAIN MARKET, BY REGION 180
12.1 INTRODUCTION 181
FIGURE 50 GERMANY AND INDIA TO BE FASTEST-GROWING MARKETS FOR COLD CHAIN 181
TABLE 85 COLD CHAIN MARKET, BY REGION, 2019–2023 (USD MILLION) 182
TABLE 86 COLD CHAIN MARKET, BY REGION, 2024–2029 (USD MILLION) 182
TABLE 87 COLD CHAIN STORAGE & INFRASTRUCTURE: COLD CHAIN MARKET, BY REGION, 2019–2023 (MILLION CUBIC METER) 182
TABLE 88 COLD CHAIN STORAGE & INFRASTRUCTURE: COLD CHAIN MARKET, BY REGION, 2024–2029 (MILLION CUBIC METER) 183
TABLE 89 REFRIGERATED ROAD TRANSPORTATION SERVICES: COLD CHAIN MARKET, BY REGION, 2019–2023 (UNITS) 183
TABLE 90 REFRIGERATED ROAD TRANSPORTATION SERVICES: COLD CHAIN MARKET, BY REGION, 2024–2029 (UNITS) 183
12.2 NORTH AMERICA 184
12.2.1 RECESSION IMPACT ANALYSIS 184
FIGURE 51 NORTH AMERICA: RECESSION IMPACT ANALYSIS 185
TABLE 91 NORTH AMERICA: COLD CHAIN MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 185
TABLE 92 NORTH AMERICA: COLD CHAIN MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 186
TABLE 93 NORTH AMERICA: COLD CHAIN MARKET, BY TYPE, 2019–2023 (USD MILLION) 186
TABLE 94 NORTH AMERICA: COLD CHAIN MARKET, BY TYPE, 2024–2029 (USD MILLION) 186
TABLE 95 NORTH AMERICA: COLD CHAIN STORAGE & INFRASTRUCTURE MARKET, BY COUNTRY, 2019–2023 (MILLION CUBIC METER) 187
TABLE 96 NORTH AMERICA: COLD CHAIN STORAGE & INFRASTRUCTURE MARKET, BY COUNTRY, 2024–2029 (MILLION CUBIC METER) 187
TABLE 97 NORTH AMERICA: REFRIGERATED TRANSPORTATION SERVICES MARKET, BY TYPE, 2019–2023 (USD MILLION) 187
TABLE 98 NORTH AMERICA: REFRIGERATED TRANSPORTATION SERVICES MARKET, BY TYPE, 2024–2029 (USD MILLION) 188
TABLE 99 NORTH AMERICA: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, VEHICLE TYPE, 2019–2023 (USD MILLION) 188
TABLE 100 NORTH AMERICA: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, VEHICLE TYPE, 2024–2029 (USD MILLION) 188
TABLE 101 NORTH AMERICA: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, VEHICLE TYPE, 2019–2023 (UNITS) 189
TABLE 102 NORTH AMERICA: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, VEHICLE TYPE, 2024–2029 (UNITS) 189
TABLE 103 NORTH AMERICA: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY COUNTRY, 2019–2023 (UNITS) 189
TABLE 104 NORTH AMERICA: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY COUNTRY, 2024–2029 (UNITS) 190
TABLE 105 NORTH AMERICA: COLD CHAIN MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 190
TABLE 106 NORTH AMERICA: COLD CHAIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 190
TABLE 107 NORTH AMERICA: COLD CHAIN MARKET, BY FOOD & BEVERAGE, 2019–2023 (USD MILLION) 191
TABLE 108 NORTH AMERICA: COLD CHAIN MARKET, BY FOOD & BEVERAGE, 2024–2029 (USD MILLION) 191
TABLE 109 NORTH AMERICA: COLD CHAIN MARKET, BY TEMPERATURE, 2019–2023 (USD MILLION) 191
TABLE 110 NORTH AMERICA: COLD CHAIN MARKET, BY TEMPERATURE, 2024–2029 (USD MILLION) 192
12.2.2 US 192
12.2.2.1 Increasing retail sales of frozen foods to drive market 192
FIGURE 52 INVESTOR SHARE IN COLD CHAIN STORAGE IN US, 2019–2022 193
FIGURE 53 US GROCERY SALES VS. RESTAURANT SALES, 2019–2022 194
TABLE 111 US: COLD CHAIN MARKET, BY TYPE, 2019–2023 (USD MILLION) 194
TABLE 112 US: COLD CHAIN MARKET, BY TYPE, 2024–2029 (USD MILLION) 194
TABLE 113 US: REFRIGERATED TRANSPORTATION SERVICES MARKET, BY TYPE, 2019–2023 (USD MILLION) 195
TABLE 114 US: REFRIGERATED TRANSPORTATION SERVICES MARKET, BY TYPE, 2024–2029 (USD MILLION) 195
TABLE 115 US: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION) 195
TABLE 116 US: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2024–2029 (USD MILLION) 196
TABLE 117 US: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2019–2023 (UNITS) 196
TABLE 118 US: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2024–2029 (UNITS) 196
TABLE 119 US: COLD CHAIN MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 197
TABLE 120 US: COLD CHAIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 197
TABLE 121 US: COLD CHAIN MARKET, BY FOOD & BEVERAGE, 2019–2023 (USD MILLION) 197
TABLE 122 US: COLD CHAIN MARKET, BY FOOD & BEVERAGE, 2024–2029 (USD MILLION) 198
12.2.3 CANADA 198
12.2.3.1 Growing emphasis on food safety and reducing food waste to drive market 198
TABLE 123 CANADA: COLD CHAIN MARKET, BY TYPE, 2019–2023 (USD MILLION) 199
TABLE 124 CANADA: COLD CHAIN MARKET, BY TYPE, 2024–2029 (USD MILLION) 200
TABLE 125 CANADA: REFRIGERATED TRANSPORTATION SERVICES MARKET, BY TYPE, 2019–2023 (USD MILLION) 200
TABLE 126 CANADA: REFRIGERATED TRANSPORTATION SERVICES MARKET, BY TYPE, 2024–2029 (USD MILLION) 200
TABLE 127 CANADA: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION) 201
TABLE 128 CANADA: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2024–2029 (USD MILLION) 201
TABLE 129 CANADA: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2019–2023 (UNITS) 201
TABLE 130 CANADA: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2024–2029 (UNITS) 202
TABLE 131 CANADA: COLD CHAIN MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 202
TABLE 132 CANADA: COLD CHAIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 202
TABLE 133 CANADA: COLD CHAIN MARKET, BY FOOD & BEVERAGE, 2019–2023 (USD MILLION) 203
TABLE 134 CANADA: COLD CHAIN MARKET, BY FOOD & BEVERAGE, 2024–2029 (USD MILLION) 203
12.2.4 MEXICO 203
12.2.4.1 Rising investments in refrigerated warehouses and transportation facilities to drive market 203
TABLE 135 MEXICO: COLD CHAIN MARKET, BY TYPE, 2019–2023 (USD MILLION) 204
TABLE 136 MEXICO: COLD CHAIN MARKET, BY TYPE, 2024–2029 (USD MILLION) 205
TABLE 137 MEXICO: REFRIGERATED TRANSPORTATION SERVICE MARKET, BY TYPE, 2019–2023 (USD MILLION) 205
TABLE 138 MEXICO: REFRIGERATED TRANSPORTATION SERVICES MARKET, BY TYPE, 2024–2029 (USD MILLION) 205
TABLE 139 MEXICO: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION) 206
TABLE 140 MEXICO: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2024–2029 (USD MILLION) 206
TABLE 141 MEXICO: REFRIGERATED ROAD TRANSPORT TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2019–2023 (UNITS) 206
TABLE 142 MEXICO: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2024–2029 (UNITS) 207
TABLE 143 MEXICO: COLD CHAIN MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 207
TABLE 144 MEXICO: COLD CHAIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 207
TABLE 145 MEXICO: COLD CHAIN MARKET, BY FOOD & BEVERAGE, 2019–2023 (USD MILLION) 208
TABLE 146 MEXICO: COLD CHAIN MARKET, BY FOOD & BEVERAGE, 2024–2029 (USD MILLION) 208
12.3 ASIA PACIFIC 208
FIGURE 54 ASIA PACIFIC: COLD CHAIN MARKET SNAPSHOT 209
12.3.1 RECESSION IMPACT ANALYSIS 210
FIGURE 55 ASIA PACIFIC: RECESSION IMPACT ANALYSIS 211
TABLE 147 ASIA PACIFIC: COLD CHAIN MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 211
TABLE 148 ASIA PACIFIC: COLD CHAIN MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 212
TABLE 149 ASIA PACIFIC: COLD CHAIN MARKET, BY TYPE, 2019–2023 (USD MILLION) 212
TABLE 150 ASIA PACIFIC: COLD CHAIN MARKET, BY TYPE, 2024–2029 (USD MILLION) 212
TABLE 151 ASIA PACIFIC: COLD CHAIN STORAGE & INFRASTRUCTURE MARKET, BY COUNTRY, 2019–2023 (MILLION CUBIC METER) 213
TABLE 152 ASIA PACIFIC: COLD CHAIN STORAGE & INFRASTRUCTURE MARKET, BY COUNTRY, 2024–2029 (MILLION CUBIC METER) 213
TABLE 153 ASIA PACIFIC: REFRIGERATED TRANSPORTATION SERVICES MARKET, BY TYPE, 2019–2023 (USD MILLION) 213
TABLE 154 ASIA PACIFIC: REFRIGERATED TRANSPORTATION SERVICES MARKET, BY TYPE, 2024–2029 (USD MILLION) 214
TABLE 155 ASIA PACIFIC: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION) 214
TABLE 156 ASIA PACIFIC: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2024–2029 (USD MILLION) 214
TABLE 157 ASIA PACIFIC: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2019–2023 (UNITS) 215
TABLE 158 ASIA PACIFIC: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2024–2029 (UNITS) 215
TABLE 159 ASIA PACIFIC: COLD CHAIN MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 215
TABLE 160 ASIA PACIFIC: COLD CHAIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 215
TABLE 161 ASIA PACIFIC: COLD CHAIN MARKET, BY FOOD & BEVERAGE, 2019–2023 (USD MILLION) 216
TABLE 162 ASIA PACIFIC: COLD CHAIN MARKET, BY FOOD & BEVERAGE, 2024–2029 (USD MILLION) 216
TABLE 163 ASIA PACIFIC: COLD CHAIN MARKET, BY TEMPERATURE, 2019–2023 (USD MILLION) 216
TABLE 164 ASIA PACIFIC: COLD CHAIN MARKET, BY TEMPERATURE, 2024–2029 (USD MILLION) 217
12.3.2 CHINA 217
12.3.2.1 Increasing government initiatives toward warehousing and transportation to drive market 217
TABLE 165 CHINA: COLD CHAIN MARKET, BY TYPE, 2019–2023 (USD MILLION) 218
TABLE 166 CHINA: COLD CHAIN MARKET, BY TYPE, 2024–2029 (USD MILLION) 218
TABLE 167 CHINA: REFRIGERATED TRANSPORTATION SERVICES MARKET, BY TYPE, 2019–2023 (USD MILLION) 219
TABLE 168 CHINA: REFRIGERATED TRANSPORTATION SERVICES MARKET, BY TYPE, 2024–2029 (USD MILLION) 219
TABLE 169 CHINA: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION) 219
TABLE 170 CHINA: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2024–2029 (USD MILLION) 220
TABLE 171 CHINA: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2019–2023 (UNITS) 220
TABLE 172 CHINA: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2024–2029 (UNITS) 220
TABLE 173 CHINA: COLD CHAIN MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 221
TABLE 174 CHINA: COLD CHAIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 221
TABLE 175 CHINA: COLD CHAIN MARKET, BY FOOD & BEVERAGE, 2019–2023 (USD MILLION) 221
TABLE 176 CHINA: COLD CHAIN MARKET, BY FOOD & BEVERAGE, 2024–2029 (USD MILLION) 222
12.3.3 JAPAN 222
12.3.3.1 Booming fast food and restaurant industry to drive market 222
TABLE 177 JAPAN: COLD CHAIN MARKET, BY TYPE, 2019–2023 (USD MILLION) 223
TABLE 178 JAPAN: COLD CHAIN MARKET, BY TYPE, 2024–2029 (USD MILLION) 223
TABLE 179 JAPAN: REFRIGERATED TRANSPORTATION SERVICES MARKET, BY TYPE, 2019–2023 (USD MILLION) 223
TABLE 180 JAPAN: REFRIGERATED TRANSPORTATION SERVICES MARKET, BY TYPE, 2024–2029 (USD MILLION) 224
TABLE 181 JAPAN: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION) 224
TABLE 182 JAPAN: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2024–2029 (USD MILLION) 224
TABLE 183 JAPAN: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2019–2023 (UNITS) 225
TABLE 184 JAPAN: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2024–2029 (UNITS) 225
TABLE 185 JAPAN: COLD CHAIN MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 225
TABLE 186 JAPAN: COLD CHAIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 225
TABLE 187 JAPAN: COLD CHAIN MARKET, BY FOOD & BEVERAGE, 2019–2023 (USD MILLION) 226
TABLE 188 JAPAN: COLD CHAIN MARKET, BY FOOD & BEVERAGE, 2024–2029 (USD MILLION) 226
12.3.4 INDIA 226
12.3.4.1 Growing shift toward fruit & vegetable cultivation to drive market 226
FIGURE 56 OWNERSHIP PATTERN OF COLD WAREHOUSES IN INDIA, 2021 227
TABLE 189 INDIA: COLD CHAIN MARKET, BY TYPE, 2019–2023 (USD MILLION) 228
TABLE 190 INDIA: COLD CHAIN MARKET, BY TYPE, 2024–2029 (USD MILLION) 229
TABLE 191 INDIA: REFRIGERATED TRANSPORTATION SERVICES MARKET, BY TYPE, 2019–2023 (USD MILLION) 229
TABLE 192 INDIA: REFRIGERATED TRANSPORTATION SERVICES MARKET, BY TYPE, 2024–2029 (USD MILLION) 229
TABLE 193 INDIA: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION) 230
TABLE 194 INDIA: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2024–2029 (USD MILLION) 230
TABLE 195 INDIA: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2019–2023 (UNITS) 230
TABLE 196 INDIA: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2024–2029 (UNITS) 231
TABLE 197 INDIA: COLD CHAIN MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 231
TABLE 198 INDIA: COLD CHAIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 231
TABLE 199 INDIA: COLD CHAIN MARKET, BY FOOD & BEVERAGE, 2019–2023 (USD MILLION) 232
TABLE 200 INDIA: COLD CHAIN MARKET, BY FOOD & BEVERAGE, 2024–2029 (USD MILLION) 232
12.3.5 AUSTRALIA & NEW ZEALAND 232
12.3.5.1 Growing exports from food processing industry to drive market 232
TABLE 201 AUSTRALIA & NEW ZEALAND: COLD CHAIN MARKET, BY TYPE, 2019–2023 (USD MILLION) 233
TABLE 202 AUSTRALIA & NEW ZEALAND: COLD CHAIN MARKET, BY TYPE, 2024–2029 (USD MILLION) 234
TABLE 203 AUSTRALIA & NEW ZEALAND: REFRIGERATED TRANSPORTATION SERVICES MARKET, BY TYPE, 2019–2023 (USD MILLION) 234
TABLE 204 AUSTRALIA & NEW ZEALAND: REFRIGERATED TRANSPORTATION SERVICES MARKET, BY TYPE, 2024–2029 (USD MILLION) 234
TABLE 205 AUSTRALIA & NEW ZEALAND: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION) 235
TABLE 206 AUSTRALIA & NEW ZEALAND: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2024–2029 (USD MILLION) 235
TABLE 207 AUSTRALIA & NEW ZEALAND: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2019–2023 (UNITS) 235
TABLE 208 AUSTRALIA & NEW ZEALAND: REFRIGERATED ROAD TRANSPORTATION SERVICES MARKET, BY VEHICLE TYPE, 2024–2029 (UNITS) 236
TABLE 209 AUSTRALIA & NEW ZEALAND: COLD CHAIN MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 236
TABLE 210 AUSTRALIA & NEW ZEALAND: COLD CHAIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 236
TABLE 211 AUSTRALIA & NEW ZEALAND: COLD CHAIN MARKET, BY FOOD & BEVERAGE, 2019–2023 (USD MILLION) 237
TABLE 212 AUSTRALIA & NEW ZEALAND: COLD CHAIN MARKET, BY FOOD & BEVERAGE, 2024–2029 (USD MILLION) 237