Sarasota, FL, Aug. 01, 2016 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Cold Chain Equipment (Storage and Transport) Market for Meat, Fish & Seafood, Dairy & Frozen Desserts, Vegetables & Fruits, Bakery & Confectionary and Others End-Uses: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 - 2020.” According to the report, global demand for cold chain equipment market was valued at USD 67.0 billion in 2014 is expected to reach USD 118.0 billion in 2020 and is anticipated to grow at a CAGR of 9.8% between 2015 and 2020.
Cold chain is an unbroken supply chain which exclusively serves storage and distribution facilities with a temperature-controlled range to extend and to help ensure the shelf life of products like vaccines, drugs and chemicals. In cold chain process, the cold chain equipment is a vital entity of the supply chain. The cold chain equipment and vaccine carriers ensure the safety, efficiency or quality of the products distributed/transported.
Browse 28 Market Tables and 29 Figures spread through 97 Pages and an in-depth TOC on "Cold Chain Equipment Market - Global Size, Shares, Trends, Segment & Forecast to 2020”
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The cold chain equipment is also preferred as cool cargo in cold chain. This equipment is used to extend the shelf life of products such as frozen food, agricultural produce, seafood, pharmaceutical drugs, etc. The cold chain equipment helps to controls and validates the quality of the products.
North America was a supreme market for cold chain equipment in 2014. Owing to the several factors, the cold chain equipment market has a strong demand from this region in previous years. One of the major factors is presence of several ports and harbors in the region play an important role in demand of cold chain equipment’s demand. Secondly, players such as Lineage Logistics and AmeriCold Logistics offer comprehensive services across North America. This attributes are expected to exhibit the significant growth in near future.
Browse the full "Cold Chain Equipment (Storage and Transport) Market for Meat, Fish & Seafood, Dairy & Frozen Desserts, Vegetables & Fruits, Bakery & Confectionary and Others End-Uses: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020" report at https://www.zionmarketresearch.com/report/cold-chain-equipment-market
Europe was the second largest market for cold chain equipment across the globe in 2014. The eating style due to the geographical diversity coupled growing demand for frozen food products is a driving factor of the cold chain equipment. In addition, demand for meat, fish & seafood products in the region is high. Furthermore, the storage and transport of meat, fish & seafood products requires refrigeration right after slaughter, during processing, and during packaging. Adoption of multi-compartment refrigerated vehicles is expected to grow the market size in the region in coming years.
The Asia Pacific region is one of the fastest growing regions for cold chain equipment market within the forecast period, growing at a CAGR of 11.3%. Rising disposable income, growth in food retail market, and rapidly growing demand for frozen food in the region is expected to trigger the cold chain industry in the years to come.
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Growing demand for packed food coupled with shifting preference for frozen food products is a primarily driving factor that is expected to witness strong growth in Middle East & Africa region. Additionally, Latin America also expected to have moderate growth during the years to come due to emerging technologies and increasing demand for frozen food in Brazil is likely to exhibit the growth of cold chain equipment market in future years.
Key players involved globally in cold chain market include AmeriCold Logistics, Lineage Logistics, Preferred Freezer Services, and Swire Cold Storage, A.B. Oxford Cold Storage, Bring Frigoscandia AS, Burris Logistics, Claus Sorensen, Cloverleaf Cold Storage, ColdEX and Columbia Colstor amongst others.
This report segments the global cold chain equipment market as follows:
Cold Chain Equipment Market: Product Segment Analysis
- Storage Equipment
- Transport Equipment
Cold Chain Equipment Market: End-User Segment Analysis
- Meat, Fish & Seafood
- Dairy & Frozen Desserts
- Vegetables & Fruits
- Bakery & Confectionary
- Others
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