Food Cold Chain Market Analysis by Top Leading Player, Key Regions, Future Demand and Forecast upto 2027
The world Food Cold Chain industry Report, published by Emergen Research, offers an industry-wide assessment of the Food Cold Chain industry, which is inclusive of the most crucial factors contributing to the growth of the industry. The latest research report comprises an extensive analysis of the micro- and macro-economic indicators that influence the global market development during the forecast period of 2020-2027. According to our team experts, the global Food Cold Chain market is projected to deliver a magnificent CAGR of 11.4% throughout the forecast timeframe to rise from USD 206.80 Billion in 2019 to USD 526.00 Billion in 2027.
The industry is
expected to benefit from more strict food safety legislation such as the
Modernization Act on Food Security, which calls for greater consideration of
the construction of a cool storage facility. The implementation by the Building
Research Establishment of Environmental Assessment (BREEAM) of environmental
audits programs such as Leadership in Energy and Environmental Design (LEED)
will test construction at the initial phase. Therefore, these audit systems can
evaluate the operational performance of completed structures.
The temperature-controlled warehouses are extremely energy sensitive because they have a high energy consumption cooling and ventilation system. Nonetheless, improved design will reduce energy consumption and help create net zero energy storage facilities. Smart warehouse automation and control systems are a component in making buildings self-sustainable with net zero electricity. Lower energy consumption greatly decreases running costs and consequently leads to environmental and climatic health.
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Increased loss of food, growing demand for perishable food items, increase in the growth of cold chain infrastructure are driving the demand for the market.
Food Cold Chain Market Size – USD 206.80 Billion in 2019, Food Cold Chain Market Growth - CAGR of 11.4%, Food Cold Chain Market Trends High demand for RFID technology in cold chain applications.
This section of the report offers valuable insights into the geographical segmentation of the Food Cold Chain market, alongside estimating the current and future market valuations based on the demand-supply dynamics and pricing structure of the leading regional segments. Furthermore, the growth prospects of each segment and sub-segment have been meticulously described in the report.
Globalization and a growing number of counterfeit accidents in pharmaceuticals and food safety have prompted governments to implement production and supply regulations. The growing trend of online purchasing of food products and e-commerce in China are key drivers of demand.
In December 2017, the new extension to its Clearfield, Utah campus has been opened by Americold Logistics (UK). The new building expanded the temperature regulated storage space to approximately 9.5 million cubic feet. This expansion helped expand market share in the company's total temperature-controlled warehouse capacity in northerly Utah to more than 50%.
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