Cold Chain Logistics Market
The market for Cold Chain Logistics was estimated at $285 billion in 2023; it is anticipated to increase to $614 billion by 2030, with projections indicating growth to around $1.06 trillion by 2035.
Global Cold Chain Logistics Market Outlook
Revenue, 2023
Forecast, 2033
CAGR, 2024 - 2033
The Cold Chain Logistics industry revenue is expected to be around $355.0 billion in 2024 and expected to showcase growth with 11.6% CAGR between 2024 and 2033. Maintaining the integrity of goods during transportation has become crucial across various industries through the efficient use of cold chain logistics systems from start to finish. The cold chain logistics market was valued at around USD 285 billion in 2023 and is expected to grow to USD 614 billion by 2030 and possibly up to USD 1.1 trillion by 2035 with a compound annual growth rate (CAGR) of 11.6%. This growth is fueled by the increasing demand for produce as well, as temperature sensitive pharmaceutical products and high value food items.
The field of chain logistics involves various services that regulate the temperature of perishable goods during their storage and transportation process to ensure freshness and quality control in industries such as food and pharmaceuticals where precise temperature control is vital, for product safety and efficacy. The key elements comprise refrigerated storage facilities, careful temperature monitoring and specialized transportation methods customized to uphold the temperature standards across the entire supply chain.
Market Key Insights
- The Cold Chain Logistics market is projected to grow from $285.0 billion in 2023 to $854 billion in 2033. This represents a CAGR of 11.6%, reflecting rising demand across Food & Beverages, Chemicals and Pharmaceuticals.
- DHL, Americold, Lineage Logistics are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Cold Chain Logistics market and are expected to observe the growth CAGR of 8.5% to 12.2% between 2023 and 2030.
- Emerging markets including Brazil, Mexico and Indonesia are expected to observe highest growth with CAGR ranging between 11.1% to 14.5%.
- Transition like Rise of Automated Cold Storage Facilities is expected to add $28 billion to the Cold Chain Logistics market growth by 2030.
- The Cold Chain Logistics market is set to add $569 billion between 2023 and 2033, with service providers targeting Pharmaceuticals & Chemicals End-Use Industry projected to gain a larger market share.
- With Growing demand for perishable goods, and Expansion of the pharmaceutical industry, Cold Chain Logistics market to expand 200% between 2023 and 2033.
