Market Analysis

The global Cold Chain Equipment Market earned roughly 108.60 (USD Billion) in 2021 and is predicts to earn approximately 205.80 (USD Billion) by 2028, with a CAGR of almost 9.8 percent from 2022 to 2028.

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.

The global cold chain market is primarily driven by increases need to reduce food wastage across the globe. Secondly, rapid growth of frozen food segment is expects to drive the cold chain equipment market. However, high installation cost couple with stringent government policies and regulation is expected to hinder the growth of cold chain equipment market. Nonetheless, increased demand of food in emerging countries is likely to open new avenues for cold chain equipment market in near future.

Storage equipment segment dominated the cold chain equipment market in 2014, which accounted for more than 50.0% share of the global market. Storage equipment is follows by transport equipment segment of the market in 2014. Moreover, storage equipment is expecting to continue this trend during the coming years due to growing need of storage equipment to fulfill the increasing demand for food coupled with strong demand of frozen food across the globe.

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North America To Account Nearly Half Of Overall Market Share By 2028

Expansion of cold chain equipment market in North America over forecasting timeline is subject to growing requirement for food & drug safety during transport. Apart from this, surging demand for seafood, fresh meat, and fruits & vegetables will propel regional market size. Surge in establishment of cold storage units and cold chain equipment manufacturers & providers in sub-continent will proliferate regional market size.

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By 2028, North America will account for over half of total market share.

The forecasted expansion of the cold chain equipment market in North America is susceptible to increased requirements for food and medicine safety during shipping. In addition, rising demand for seafood, fresh meat, and fruits and vegetables will drive regional market size. Surge in establishment of cold storage units and cold chain equipment manufacturers & providers in sub-continent will proliferate regional market size.
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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
Cold Chain Equipment Market: Regional Segment Analysis

North America
Europe
Asia Pacific
Rest of World

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The post Global Cold Chain Equipment Market Analysis 2022 appeared first on Eurasian News.