The cold chain market in Europe was estimated at USD 75.12 billion in 2019 and is expected to grow at a compound annual rate of 7.4% to reach USD 112.8 billion by 2025. The word cold chain refers to various measures and machines used to maintain materials in a given range of low temperature, from harvest/production to consumption. The cold chain is essentially a series of controlled temperature supply chain processes.
Cold chain services are designed to provide ideal transport and storage conditions for temperature-sensitive products. The growing demand for perishable products and the rapid delivery requirements associated with the food and beverage delivery market based on electronic commerce have given a significant boost to cold chain operations. This is a paradigm shift from the previous trend for consumers who bought processed foods with a longer shelf life.
The growing penetration of connected devices and the automation of cold rooms around the region should stimulate growth. The increase in the number of retail stores organized in the European economies is driving higher demand for cold chain solutions.
The main drivers of the cold chain market in Europe are the growth of international trade resulting from liberalization. This has led to the need for an infrastructure to contain perishable products such as fruits and vegetables, seafood, etc. The European cold chain market is also driven by the increase in the number of food products available and by the large companies that participate in these storage activities.
Moreover, the increasing consumption of processed and frozen foods in European nations has augmented the production of such foods, which require an efficient transportation and logistics system. Thus, the cold chain market witnesses a remarkable demand for the safe and secured transport of several perishable food products. Also, the rise in disposable income and the availability of various options in the market are acting as indirect drivers for the expansion of the European cold chain market.
The high cost of building infrastructure can be seen as a significant limitation for the cold chain market in Europe.
Depending on the type, the cold chain market in Europe is segmented in transport and refrigerated storage. Among these, refrigerated storage is the most important and the most dynamic segment, which in 2019 represented more than 55%. The section is expected to increase at a CAGR of 9.2 during the 2020-2025 forecast period due to the increased demand for perishable products and the need to reduce the waste of these products. Many countries in the region are far from water sources, which makes seafood conservation inevitable, and this is the only factor that stimulates the demand for the refrigeration storage segment in the cold chain market in Europe.
Depending on the application, the European cold chain market is segmented into seafood, frozen dairy products and desserts, meat, bakery and confectionery. Among them, seafood and meat held the majority of the market share in 2019, with more than 25%, which can be attributed to the fact that they are the primary food products of the region. Fish and meat are popular food products in the area, and the need for preservation is so high that these easily damaged foods are in constant demand.
Besides, the dairy and frozen desserts segment is expected to experience the fastest growth with an annual compound rate above 8.5% due to rapid urbanization, increased disposable income and frozen desserts as than traditional dishes from the region.
Depending on the temperature, the European market is bifurcated as chilled and frozen. Among these, the frozen segment held a considerable revenue portion because of the increasing consumption of frozen and ready to thaw foods in the area.
Based on the region, the European cold chain market is segmented in the United Kingdom, Germany, Italy, France and the rest of Europe. Of these, France has the largest market share, surpassing Germany and Spain. The increase in the entry of new private companies in this region has increased the availability of several frozen products.
Key players in the market:
Major Key Players in the Europe Cold Chain Market are
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Cold Chain Market, By Type
6.1.2 Refrigerated Storage
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Cold Chain Market, By Temperature
6.2.3 Market Size Estimations & Forecasts (2019-2024)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Cold Chain Market, By Application
6.3.2 Dairy and Frozen Desserts
6.3.4 Bakery & Confectionary
6.3.5 Market Size Estimations & Forecasts (2019-2024)
6.3.6 Y-o-Y Growth Rate Analysis
6.3.7 Market Attractiveness Index
7. Geographical Landscape
7.1 Regional Identity Governance and Administration Market, by Region
7.2.1 By Country
22.214.171.124 Rest of Europe
7.2.2 By Type
7.2.3 By Temperature
7.2.4 By Application
8. Key Player Analysis
8.1 Burris Logistics
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Thermo King
8.3 XPO Logistics Inc.
8.4 Americold Logistics
8.5 Nichirei Logistics Group Inc.
8.6 Freezer Services
8.7 Lineage Logistics Holding LLC
8.8 AGRO Merchants
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures