Freezing is the best form of preserving perishable products including food, fruits, vegetables, dairy, poultry and meat. Freezing of food products reduces their speed of decomposition and maintains the original quality of the foods until the time they are eaten. Cold chain on the other hand is a process of providing uninterrupted supply of controlled temperature, which helps storage and distribution of frozen foods to various parts of the world. cold chain is one of the most important logistic systems in frozen foods market. Cold Chain Market is booming with great prospects for growth and opportunities for new entrants and small businesses.
Cold chain logistics is popularly used for chilled foods including dairy, poultry, meat, seafood, fish, fruits, vegetables and bakery & confectionary products. This is the current trend in the market, which is growing by every passing day. Market research reports for cold chain market provide details about the dynamic potential of this industry. It also highlights the tremendous opportunities for growth and development that this market has on global platform. Growing demand for frozen food products is the biggest driver for the increasing number of businesses that are willing to enter this business. Numerous leading businesses have invested in this industry in search of global recognition.
As per the latest market trends, North America is the global leader of cold chain frozen food markets. Growing demands for temperature controlled foods and increased trading activities on global platform are the major drivers for the growth of the leading businesses in this industry. Globalization plays a vital role in the increase of cold chain logistics. Technological improvements in freezing and storage techniques, growing demands to fill up the shortage are some other factors that contribute to the increasing demand for frozen goods. Germany in Europe is one of the biggest markets for frozen foods in terms of constantly increasing demand for frozen products.
As per the forecasting reports, many major businesses are shifting their interest and targeting developing markets including Latin America and Asia. As a result, major market shift is expected from the emerging cold chain frozen food market. The market is segmented based on product types, cold chain types, applications and geographical demands. Storage and transport are the basic types of cold chain. Frozen and chilled foods are the basic types of foods used in cold chain, while fruit and vegetables, dairy and seafood and bakery are the basic applications of cold chain logistics. The global market is estimated to grow at a CAGR of 13.2%.
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