September 04, 2019
WELLESLEY, Mass., Sep 04, 2019–Growing demand for perishable food and huge growth in the pharmaceutical industry are two factors driving growth in the global cold chain market, according to a report by BCC Research, “Cold Chain: Market Overview and Top Ten Companies.”
The market expects to see a compound annual growth rate (CAGR) of 8.7% through 2024, when it could be worth $311.1 billion.
Read the full report here: https://www.bccresearch.com/market-research/food-and-beverage/top-ten-cold-chain-companies.html
“Over the next five years, the worldwide cold chain industry will grow significantly creating many opportunities,” write BCC analysts. “This market growth can be ascribed to the growth of international trade in perishable foods, technological advances in refrigerated storage & transportation, public support for the cold chain industry’s infrastructural development, and increased consumer demand for perishable products. The development of food retail chains by multinationals will also boost international trade and affect the development of the market in the cold chain.”
Opportunities in Food Waste Management
The World Economic Forum lists food crises as the fourth-greatest worldwide risk for the next 10 years. Globally, billions of dollars are spent on enhancing agricultural procedures to generate greater food returns, but the fact that nearly half of all foods are never placed on a consumer's plate is mainly overlooked. Cold chain systems are critical to the development of global trade in perishable goods, food and health supplies globally. Billions of tons of fresh foods and millions of dollars are lost each year in developing economies owing to bad cold chain systems.
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Cold Chain: Market Overview and Top Ten Companies( FOD085A )
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