Cold Chain Market - Forecast(2021 - 2026)
Cold Chain Market Overview: Global seafood import value was recorded to be more than $1.26 million in 2018. [1] Seafood is categorized as a perishable food product and require cold storage warehouse and transportation with preservation. Consequently, there is high demand of cold storages from the food and beverage industry owing to growing food consumption rate worldwide. The global cold chain market stood at $170.56 billion as of 2018. Frozen food trends is increasing among millennials owing to hassle-free preparation and authentic taste. Frozen food business is increasing globally and cold chain facilities are required to maintain the food fresh. As a result, there is a significant rise in cold chain market with an impressive consumer-led transition, the global cold chain market demand is evaluated to grow at a CAGR of 4% through 2025. Recent resorting to e-commerce sites for purchasing of perishable food products is boosting the cold chain market. Cold Chain Market Outlook: The p