The global cold chain market is expected to grow from USD 312.4 billion in 2024 to USD 447.8 billion by 2030, according to a new report by Research and Markets. This represents a compound annual growth rate (CAGR) of 6.2% over the forecast period.
The market growth is driven by rising demand for temperature-sensitive pharmaceuticals, expansion of global food supply chains, and increased adoption of e-commerce in grocery delivery. The pharmaceutical sector, especially vaccine distribution, continues to be a major contributor, as cold chain logistics are critical for maintaining the integrity of biologics and vaccines.
Growth is also supported by globalization of food production and consumption, prompting the need for reliable cold logistics for products like dairy, seafood, and fresh produce. Innovations in temperature monitoring and packaging are further enhancing system efficiency and reliability.
By temperature type, the frozen segment is projected to reach USD 314.8 billion by 2030, growing at a CAGR of 6.4%. The chilled segment is also expected to expand, with a CAGR of 5.7% over the same period.
Regionally, the U.S. market is valued at USD 84.3 billion in 2024, while China is forecasted to reach USD 70.3 billion by 2030, growing at 5.8% CAGR. The report also covers developments in Japan, Canada, Germany, and the broader Asia-Pacific region.
The report includes market data, forecasts in USD million, regional analysis, and profiles of 33 companies such as Americold Logistics, Lineage Logistics, Nichirei Logistics Group Inc, and AGRO Merchants. Complimentary updates are provided for one year.