Cold Chain Market – Survival Line of various industries
A supply chain in the manufacturing process that is temperature controlled is known as a Cold Chain. Cold Chains are put into effect for enhancing and safeguarding the shelf life of various commodities such as fresh agricultural products, frozen foods, seafood, dairy and bakery & confectionary products. The items when in transit in a cold chain are very conveniently referred to as Cool Cargo. Lets have a look at how the cold chain market is booming in recent times.
Cold Chain goods and products are very understanbly perishable and are always on the go. They have a continuous journey towards customers and very often make midway stops in other distribution channels where they are termed as Cargo. An Unbroken Cold Chain is a constant series of cooled production, storage & supply activities, along with the additional equipment and logistics, which maintain the necessary low-temperature, because temperature maintenance is compulsory almost always during transport and storage until it reaches its customer, cold chain is a an matchless requirement.
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The Cold Chain market will expand due to the rising demand from customers for goods involving cold chain products like dairy products, fresh vegetables and fruits. Furthermore, fast growth of international trade of perishable food items, technological progress in the refrigerated transport & storage concepts, infrastructure development support provided by the government and the foreseen expansion of food retail chains by MNCs has further augmented the growth of the Cold Chain Market globally. High quality checking standards by government agencies and the related costs of temperature management equipment which are huge in themselves are the constraints faced by the market.
The Cold Chain Market is involved in Refrigerated Storage and Transport majorly. When it comes to temperature there is further distinction into Frozen and Chilled. They also have category based on Technology that segments the market into eutectic and air-blown. Cold Chain Market in its constant struggle for better logistics has come to categorize the food items broadly into Dairy, Bakery & Confectionary, Meat, Seafood, and Fruits & Vegetables.
The Europe market is the largest consumer and is considered a well-developed market for Cold Chain, it has a very ideal setup and is being replicated worldwide even though tropical countries face an altogether different problem when it comes to temperature control. There is a huge growth potential in emerging markets like Asia-Pacific, South Africa, and Latin America, this is because the market is projected to develop in these regions coinciding with consumer demand and also since the spending on expenditure involved in cold chain products is rising rapidly.
Some of the key players that are actively involved in the ongoing development and innovation in this market are Americold Logistics (U.S.), Preferred Freezer Services (U.S.), Burris Logistics (U.S.), Lineage Logistics Holding LLC (U.S.), and Nichirei Logistics Group Inc. (Japan). These companies are investing into research and development of the market and are consistently coming up with new products and efficient processes involved all around.Cold Chain supply line is a well-established way of transporting goods from one place to another without much loss in their freshness. The Market has a constant demand everywhere on the planet and is seen as a profitable business when tackled in the right way.