Latin America Cold Chain Market

Latin America Cold Chain Market Growth and Forecast (2023 - 2028):

Latin America Cold Chain Market was worth USD 26.05 billion in 2022 and expected to be growing at a CAGR of 6.5%, to reach USD 35.69 billion by 2028. Cold Chains are used to ensure and preserve the shelf life of perishable goods. In a Cold Chain temperatures are maintained at every step of transportation and storage.

Market Overview:

Cold Chains are a necessity in the cases of goods like fresh agricultural products, frozen foods, seafood, dairy and bakery and confectionary products. A constant series of cooled production, storage and supply activities, along with the supplementary equipment and logistics, which maintain the requisite low-temperature choice is termed as an Unbroken Cold Chain.

Drivers and Restraints:

Rapid growth of international trade of perishable foods, technological progress in refrigerated transport and storage, infrastructure development support by the government and the upsurge in enlargement of food retail chains by MNCs are the major driving factors for the growth of the Latin America Cold Chain Market. High quality check standards set by governmental agencies and the associated costs of temperature management equipment are the constraints faced by the market.

Latin America Cold Chain Market Segmentation Analysis:

The Latin-America Cold Chain market is segmented by Type, Temperature Type, Technology, Application and Geography. By the Cold Chain Type, the market is classified into Refrigerated Storage and Transport. By Temperature Type, the market is separated into Chilled and Frozen. By the type of Technology, the market is segmented into Air-blown and Eutectic. Lastly, by Application the Cold Chain market is categorised into Fruits and Vegetables, Dairy, Bakery and Confectionary, Meat, and Seafood.

Region Analysis:

Geographically the Latin America Cold Chain Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. The market is projected to expand in Latin America as the consumer expenditure on these cold chain products is mounting rapidly. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia.

Key Players in the Market:

Major Key Players in the Latin America Cold Chain Market are

• Americold Logistics (U.S.)
• Preferred Freezer Services (U.S.)
• Burris Logistics (U.S.)
• Lineage Logistics Holding LLC (U.S.)
• Nichirei Logistics Group Inc. (Japan)