More Business: From Supply Procurement to Refrigerated Transport to Retails & End Consumer
Thanks to advancement in refrigeration technology including Refrigerated Transport coupled with increasing urbanization, the cold chain market is projected to increase by 7% by 2022. Reported by marketsandmarkets; a leading market research company, cold chain market is projected to be valued at USD 271.30 Billion during the forecast period of 5 years i.e. 2017 – 2022.
It means there is a growing demand by the consumers. As food industry is getting globalized, grocery stores and chain stores are expanding from more cities to more countries the cold chain industry is getting more business. Many Refrigerated Transport companies has surfaced during last few years as compared to last decade.
More Frozen Food & Dairy Products
The report also highlights a major growth in frozen food, dairy products and frozen desserts in 2017. The Frozen food includes a variety of products and often different set of cooling temperature. Fruits & Vegetables, Bakery & Confectionery, Dairy, Meat, Fish & Seafood are some of the types. Refrigerated Temperature varies from 13°c to deep frozen of -29°c.
Other factors that affect the increasing demand in refrigerated food products is the consumer awareness and adapting trends towards quality, healthier and safe food grade products. Consumer wants to buy fresh, safe and healthier food. Hence a growing demand for enhanced refrigerated transport and storage for a longer shelf life of perishable products.