Cold Chain Market to See 7% CAGR to 2020 Led by Frozen Segment
PUNE, India, March 18, 2016 /PRNewswire/ --
Cold chain market is projected to grow at a CAGR of 7.0% during the forecast period, wherein meat, fish & seafood segment accounted for the largest market share in 2014 and India predicted to be the future of the cold chain industry.
Complete report on global cold chain market spread across 174 pages, profiling 10 companies and supported with 86 tables and 66 figures is now available at http://www.rnrmarketresearch.com/cold-chain-market-for-food-industry-with-a-focus-on-3pl-service-providers-by-types-storage-transport-product-types-chilled-frozen-applications-fruits-vegetables-bakery-dairy-sea-foo-market-report.html
The cold chain market is estimated to be valued at USD 167.24 billion in 2015 and is projected to reach a value of USD 234.49 billion by 2020. This report analyzes the cold chain market, in terms of type, application, temperature range, technology, and region. The cold chain market has grown steadily in the last few years and this trend is projected to continue until 2020. The primary factors driving the global success of cold chain is growth in international trade for perishable food products and changing consumer preferences.
On the basis of application, the cold chain market is segmented into fruits & vegetables, bakery & confectionery, dairy& frozen desserts, meat, fish & seafood, and others. Cold chain plays a key role in storage and transport of meat, fish & seafood products as they require refrigeration right after slaughter, during processing, and during packaging. Meat, fish & seafood accounted for the largest market share in 2014 due to increasing consumer preference for packaged food products.
On the basis of temperature range, the cold chain market is further segmented into chilled and frozen. With the increasing trade of perishable food products, the demand for cold chain is expected to enhance the market growth in the near future.
The cold chain market is segmented on the basis of region into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The Asia-Pacific region is projected to be the fastest-growing market during the forecast period. The market is growing in India due to the increasing disposable income of the people, the changing consumption patterns, and increasing expansions and acquisitions of key players such as Americold Logistics, LLC (U.S.), Preferred Freezer Services (U.S.), and Nichirei Logistics Group Inc. (Japan) in South Africa and Thailand for profitable returns.
Leading players include Americold Logistics (U.S.), Preferred Freezer Services (U.S.), Burris Logistics (U.S.), Lineage Logistics Holdings, LLC (U.S.), and Nichirei Logistics Group Inc. (Japan). Order a copy of Cold Chain Market by Type (Refrigerated Storage, Transport), Temperature Range (Chilled, Frozen), Technology (Air Blown, Eutectic), Application (Fruits & Vegetables, Bakery & Confectionery, Dairy, Meat, Fish & Seafood), & by Region - Global Forecast to 2020 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=75101
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants among other experts to obtain & verify critical qualitative and quantitative information as well as assess future market prospects. In Tier 1 (20%), Tier 2 (45%) and Tier 3 (35%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (28%), Director Level (22%) and others (50%) from various key organizations operating in the global cold chain market. The primary interviews were conducted worldwide covering regions such as North America (45%), Europe (25%), Asia-Pacific (18%) and Row (12%).
On a related note, another research report on Cheese Powder Market Global Forecast to 2020 says, the cheese powder market is projected to grow at a CAGR of 7.5% from 2015 to 2020. The market is driven by factors such as the increased demand for convenience foods and fast food due to growing urbanization. Cheddar cheese segment accounted for the largest market share in 2014. On the basis of application, the cheese powder market is led by the sauces, dressings, dips & condiments segment, followed by sweet & savory snacks, bakery & confectionery, and ready meals. Companies like Lactosan A/S (Denmark), Land O'Lakes, Inc. (U.S.), Kerry Group Plc (Ireland), and Kraft Foods Group, Inc. (U.S.) have been profiled in this 174 pages research report available at http://www.rnrmarketresearch.com/cheese-powder-market-by-type-cheddar-parmesan-mozzarella-american-cheese-blue-cheese-others-application-by-region-north-america-europe-asia-pacific-south-america-row-global-forecast-to-2020-market-report.html
Explore more reports on Food & Beverage market at http://www.rnrmarketresearch.com/reports/food-beverage
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