Cold Chain Market Size, Share & Trends Analysis growing at a CAGR of 19.2% from 2025 to 2030

The global cold chain market size was estimated at USD 316.34 billion in 2024 and is projected to reach USD 892.27 billion by 2030, growing at a CAGR of 19.2% from 2025 to 2030. Changes in consumer preferences and growing e-commerce sales are expected to drive the market.

Key Market Trends & Insights

  • North America cold chain market held the largest revenue share of more than 33.0% in 2024.
  • The U.S. cold chain market is driven by various factors, including changing consumer preferences, increasing demand for fresh and frozen foods, and the growth of e-commerce.
  • Based on type, the storage segment dominated the overall cold chain market with a revenue share of 50.5% in 2024.
  • Based on temperature range, the frozen (-18°C to -25°C) segment dominated the overall market, gaining a market share of 62.3% in 2024.
  • Based on application, the food & beverages segment dominated the market, gaining a market with a revenue share of 76.9% in 2024.

Market Size & Forecast

  • 2024 Market Size: USD 316.34 Billion
  • 2030 Projected Market Size: USD 892.27 Billion
  • CAGR (2025-2030): 19.2%
  • North America: Largest market in 2024
  • Asia Pacific: Fastest growing market

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An increasing number of organized retail stores in developing economies are leading to the growing demand for cold chain solutions. Rising investment in cold chains and government initiatives to minimize food waste are expected to boost market growth. The growing adoption of technologies such as RFID and automation in cold chain applications provides significant growth opportunities for the market. The World Trade Organization (WTO) and bilateral free trade agreements, such as the European Union Free Trade Agreement (FTA) and the North America Free Trade Agreement (NAFTA), have created opportunities for exporters in the U.S. and Europe to increase trade for perishable foods in a manner that is free of import duties.

The refrigerated storage market in developing economies is driven by a shift from carbohydrate-rich diets to protein-rich foods, owing to rising consumer awareness. Countries such as China are expected to portray a significant growth rate over the coming years due to a consumer-led economic transition. With growing technological advancements in warehouse management and refrigerated transportation, the market will likely expand in developing economies.

Increasing IT spending in cold storage logistics drives the growth of the cold chain market by facilitating better inventory management and improving the overall efficiency of cold chain supply systems. By investing in advanced technologies such as cloud computing, IoT, and RFID, cold storage operators can track and monitor their inventory in real time, reducing the risk of food waste, spoilage, and product recalls. The rising demand for temperature-sensitive products has emphasized the need for real-time cold chain monitoring.

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