Global Food and Beverage Cold Chain Logistics Market 2018-2022

Food and beverage cold chain logistics is defined as the process of storing and transporting food and beverages in a temperature-controlled environment. Technavio’s market research analysts have predicted that the food and beverage cold chain logistics market will witness considerable growth during the period 2018-2022 owing to the increasing use of advanced blockchain technology. Considering the revenues from using cold chain logistics across application segments including meat and seafood, dairy and frozen desserts, fruits, vegetables, beverages, bakery, and confectionery, our analysts have estimated that this market will register a revenue of more than USD 198 billion by 2022.

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Global Food and Beverage Cold Chain Logistics Industry Overview
Technavio’s market research analysts have identified the increasing consumption of frozen food across the globe as one of the crucial factors impelling the growth of cold chain logistics solutions for the food and beverage industry during the forthcoming years. Owing to the rising consumption of refrigerated foods such as dairy products and frozen foods, the demand for food and beverage cold chain logistics solutions has increased considerably in the recent years. Furthermore, the sales of frozen foods are growing predominantly owing to the convenience they offer to the consumers, in terms of easy and immediate cooking. Since the global frozen food market valued over USD 262 billion during 2017 and is expected to increase more than 26%, the demand for food and beverage cold chain logistics market is likely to proliferate during the predicted period.

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