Global Cold Chain Equipment industry Analysis Report 2023-2030 - Growing Demand for Protein-Rich Foods in Developing Nations has Led to an Increased Focus on Expanding the Cold Chain Equipment
DUBLIN, Sept. 27, 2023 /PRNewswire/ -- The "Cold Chain Equipment Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030" report has been added to ResearchAndMarkets.com's offering.
The report on the global cold chain equipment market provides qualitative and quantitative analysis for the period from 2021-2030. The revenue generated by the market was USD 17.98 billion in 2022 and is expected to reach USD 111.29 billion in 2030, with a CAGR of 22.4% till 2030 during the projected period 2023-2030.
The cold chain equipment market is projected to expand significantly. Over the past few years, developing nations have witnessed a significant shift towards protein-rich foods, leading to a notable surge in demand for refrigerated transportation. This trend is expected to drive the expansion of the cold chain market. As the need for transporting perishable food items grows, there will be a considerable boost in the cold chain equipment market. To ensure the sustainable growth of the global food processing industry, it is crucial to implement comprehensive supply chain strategies.
These equipment types can be further classified into on-grid, off-grid, and transportation equipment. The demand for off-grid storage technology is projected to rise significantly, driven by emrging nations' efforts to minimize post-harvest and post-processing food losses.
The storage apparatus is specifically designed to maintain a precise temperature range suitable for the type of product being stored. This temperature can vary from below freezing to just above freezing for certain items such as vaccinations, and above freezing for others like fruits and vegetables. Ensuring the quality, safety, and effectiveness of these products throughout the cold chain process is of utmost importance, requiring the use of appropriate storage equipment and temperature control measures.
China plays a substantial role in driving the APAC market, with various factors contributing to its expansion, such as advancements in technology for seafood product packaging, processing, and storage. Driven by increasing demand and expanding infrastructure, China has emerged as a leading market for cold chains.
The country's economy is undergoing a rapid transformation, transitioning from an industry and construction-driven model to a consumer-driven one. Consequently, there is a growing need for cold chain solutions, particularly in China's thriving pharmaceutical industry, which is experiencing significant advancements. The rapid growth of the biopharmaceutical sector in the region further amplifies the impact on the industry's demand for cold chain solutions.
The Global Cold Chain Equipment Market by Type
The Global Cold Chain Equipment Market by Application
For more information about this report visit https://www.researchandmarkets.com/r/en8zyp
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