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Cold Chain Logistics Market Analysis by Product (Refrigerated Transport, and Refrigerated Warehouse); by Temperature (Frozen, and Chilled); and by Application (Dairy & Frozen Desserts, Fish, Meat & Seafood Products, Bakery & Confectionery, Fruits & Vegetables, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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  • Lineage Logistics Holdings, LLC has completed the acquisition of Grupo Fuentes, one of Spain’s principal transport and cold-storage logistics providers, helps in strengthen its supply chain across.

  • Americold Logistics, LLC opens new Freezer-Storage Facility in town of Dunkirk, New York, with 181,000 square feet of cold storage and operational space.

Global Cold Chain Logistics Market Size, Forecast, and Trend Highlights Over 2023 - 2033

Base Year


Forecast Year




Base Year Market Size (2022)

~ USD 282 Billion

Forecast Year Market Size (2033)

~ USD 1220 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)


The global cold chain logistics market is estimated to garner a revenue of ~USD 1220 Billion by the end of 2033 by growing at a CAGR of ~15% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 282 Billion in the year 2022. The growth of the market is primarily attributed by growing demand of connected devices, followed by the increasing rate of automation of refrigerated warehouses across the globe. The cold chain logistics is the technology and process that acknowledges cautious transport of thermo-sensitive goods and products being seafood, frozen food, photographic film, chemicals and pharmaceutical drugs. For instance, in 2018, around 85% of total fish production was used for direct human utilization. By 2029, Asia is estimated to elucidate around 75% of the additional fish consumption worldwide.    

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The cold chain allocation is an augmentation of the good manufacturing practice (GMP) that all drugs and biological products are required to abide by, and are implemented by the various health regulatory bodies. A cold chain is managed by a quality management system. Temperature data loggers and RFID tags help monitor the temperature history of truck, container, and warehouse. The temperature range for a cold chain in pharmaceutical industries is 2 to 8 degree Celsius (36 to 46-degree F), for the most part, the acceptance of the temperature hinges on the products being shipped. According to Indian Brand Equity Foundation (IBEF), India exported pharmaceutical products worth USD 24.62 billion, during 2021-22. Furthermore, the increasing implementation of radio frequency identification technology in cold chain is also estimated to accelerate the market growth over the forecast period.

Global Cold Chain Logistics Market: Growth Drivers and Challenges

Growth Drivers

  • Need of Transportation for Pharmaceutical Products Maintaining the Product Sensitivity and Quality - The increasing development in vaccines, shipments of hormones treatment, biological based medicines, that require cold chain infrastructure, which likely accelerates the market growth. For instance, Germany exported drugs worth around USD 60 billion in 2020.

  • Growth in Processed Food Sectors and Automation of Refrigerated Warehouses- For instance, according to research, the value of frozen food industry amounted to around USD 100 billion in 2020 and by 2025, the market is projected to grow to USD 225 billion.

  • Increasing Number of Organized Retail Stores Worldwide- For instance, retail stores generated sales of over USD 26 trillion globally, and is expected to reach over USD 30 trillion by 2024.

  • Rapid Urbanization across the Globe- It’s expected that over a third of the projected urban growth between 2020 to 2050 will occur in just three countries: India, China, and Nigeria. By 2050, India could add 416 million urban dwellers, China 255 million, and Nigeria 189 million worldwide.

  • Spiking Growth in Pharmaceutical Industry - For instance, the valuation of worldwide pharmaceutical industry was expended around USD 1.50 trillion in 2021.


  • Concerns Regarding Greenhouse Gas Emission- The cold chain industry has a significant negative impact on the environment since it uses a lot of energy and is a significant emitter of greenhouse gases. The surging demand for refrigerated road transportation as cold chain logistics is leading the carbon emission in a noteworthy way, which is estimated to hinder the growth of the market over the forecast period.

  • Insufficiency of Infrastructure in Emerging Countries

  • High Operational Cost of Cold Chain Logistics

The cold chain logistics market is segmented and analyzed for demand and supply by product into the refrigerated warehouses, and refrigerated transportation. Among these segments, the refrigerated warehouses segment is anticipated to garner the largest revenue by the end of 2033, backed by rising demand for packaged food products, along with the surging demand for frozen foods across the world. According to United States Department of Agriculture, India’s online grocery markets grew by nearly 80%, estimating USD 2.66 billion in 2020. 

Global Cold Chain Logistics Market Regional Synopsis

The Asia Pacific cold chain logistics market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. Countries such as, Japan, China, South Africa, and India have demand for meat, dairy, and processed food products, which has anticipated the market growth of Asia Pacific. According to Agricultural and Processed food products Export Development Authority (APEDA), India is one of the largest producers of milk, and value-added milk products in the world.  In 2021 India produced around 180 million tons of milk. Apart from this, constant research and development activities is the further factor which is escalating the growth of the market over the forecast period in the region.

Market Segmentation

Our in-depth analysis of the global cold chain logistics market includes the following segments:

      By Product

  • Refrigerated Transport
  • Refrigerated Warehouse

      By Temperature

  • Frozen
  • Chilled

       By Application

  • Dairy & Frozen Desserts
  • Fish, Meat & Seafood Products
  • Bakery & Confectionery
  • Fruits & Vegetables
  • Others

Top Featured Companies Dominating the Global Cold Chain Logistics Market

  • U.S. Cold Storage

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • AmeriCold Logistics LLC
  • Lineage Logistics Holding
  • VersaCold Logistics Services
  • Nichirei logistics group
  • Congebec Logistics Inc.
  • Burris Logistics
  • Conestoga Cold Storage
  • Kloosterboer
  • Cold Box Express, Inc.


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