International. The global cold chain market is expected to grow at a CAGR of 12.1% through 2022. Among the different applications, fish, meat and seafood sector accounted for the largest share in the global cold chain market. The dairy and frozen dessert application segment is expected to witness the highest growth during the forecast period.
The global cold chain market is expected to witness lucrative growth over the next six years. Global refrigerated warehouse capacity has increased by 28% in 2015, compared to total refrigerated warehouse capacity in 2012. India (139 million cubic meters) surpassed U.S. cold chain capacity (119 million cubic meters) in 2014 and became the largest cold chain market by capacity. China (82 million cubic meters) is the third largest cold chain market by capacity.
The markets as well as the upstream and downstream cold chain management in these regions is mostly disorganized. The food and beverage industry in the developing market suffers greatly from fragmented supply chains, low level of value added, low economies of scale, and a shortage of marketing infrastructure. This is what hinders full growth flooded the cold chain market in developing countries.
Some of the major companies operating in the global cold chain market include, Americold Logistics LLC, Burris Logistics, Nichirei Logistics Group Inc., Agro Merchant Group, Kloosterboer Group B.V., Preferred Freezer Services, Logistics Lineage Holdings LLC, Swire Cold Ltd., Cloverleaf Refrigerators and Henningsen Cold Storage Company.
