Food Cold Chain Market SWOT Analysis by 2031
The Food Cold Chain Market is expected to register a CAGR of 16.2% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
Food Cold Chain Market covers analysis By Transportation Mode (Road, Air, Water, Rail); Temperature Type (Frozen, Chilled); Service Type (Refrigerated Transport, Refrigerated Warehousing); Application (Fruits and Vegetables, Dairy and Frozen Desserts, Fish, Meat and Seafood, Bakery and Confectionery)
Purpose of the ReportThe report Food Cold Chain Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Food Cold Chain Market Segmentation
By Transportation Mode- Road
- Air
- Water
- Rail;
- Frozen
- Chilled;
- Refrigerated Transport
- Refrigerated Warehousing;
- Fruits and Vegetables
- Dairy and Frozen Desserts
- Fish
- Meat and Seafood
- Bakery and Confectionery
- Fruits and Vegetables
- Dairy and Frozen Desserts
- Fish
- Meat and Seafood
- Bakery and Confectionery
Strategic Insights
Food Cold Chain Market Growth Drivers- Rising Demand for Fresh and Perishable Foods: As worldwide consumer preferences shift toward fresh, organic, and perishable foods, there is a greater need for efficient food cold chains. To retain quality and prevent decomposition, perishable items such as fruits, vegetables, dairy, seafood, and meat must be stored and transported at temperatures controlled by refrigeration. The growing middle class in emerging economies, where demand for fresh foods is rising, contributes to the expansion of cold chain logistics to ensure the safe transportation of these products.
- Globalization of the Food Supply Chain: The globalization of the food supply chain has considerably aided in the growth of the food cold chain industry. With food originating from all over the world, there is a growing demand for temperature-controlled logistics to ensure that perishable products remain fresh throughout the supply chain. As trade barriers fall and transportation networks increase, the requirement for reliable cold chain solutions to manage long-distance food shipments grows.
- Stringent Rules and Regulations Imposed on Food Safety: Growing concerns about food safety and quality, as well as government rules governing the handling of perishable items, are key drivers of the food cold chain business. Many countries have legislation requiring food products, particularly those that are temperature-sensitive, to be stored and transported within certain temperature ranges. The implementation of standards such as the Food Safety Modernization Act (FSMA) in the United States, the European Union's HACCP (Hazard Analysis Critical Control Point), and other global food safety guidelines has increased the demand for dependable cold chain infrastructure to meet compliance requirements.
- Adoption of Sustainability and Green Cold Chain Solutions: As environmental concerns develop, there is a push for more sustainable cold chain solutions. Traditional refrigeration technologies frequently use refrigerants with high global warming potential (GWP), contributing to climate change. However, the industry is moving toward more ecologically friendly refrigerants and energy-efficient systems, such as natural refrigerants (e.g., CO2 and ammonia) and solar-powered refrigeration units. The demand for greener options is also driving packaging innovation, such as biodegradable or recyclable materials, to lower the cold chain's carbon footprint.
- Adoption of Blockchain Technology for Transparency and Traceability: The application of blockchain technology to the food cold chain is gaining traction. Blockchain offers a decentralized and secure mechanism to track the whole course of agricultural goods from farm to table, resulting in improved transparency and traceability. This can assist improve food safety by allowing for early identification of contamination sources and ensuring that items are stored and transported under proper conditions. Blockchain promotes consumer trust by providing verifiable proof of product quality and origin.
- Technological Innovations in Cold Chain Management: Innovative technologies are creating new prospects for the food cold chain business. Internet of Things (IoT) solutions, such as smart sensors and real-time monitoring systems, are becoming more popular. These technologies allow for real-time monitoring of temperature, humidity, and location, ensuring that perishable commodities are stored and transported under optimal conditions. Artificial intelligence (AI) and data analytics are also being utilized to optimize route planning and anticipate potential cold chain breakdowns, saving waste and increasing operational efficiency.
- Increasing Demand for E-commerce and Online Grocery Shopping: The fast expansion of e-commerce and online grocery shopping is opening up new prospects for the food cold chain sector. As more people use online grocery services, particularly for fresh and frozen food delivery, retailers are under pressure to ensure that their items are delivered in a temperature-controlled setting. This tendency has resulted in an increase in last-mile cold chain solutions such as refrigerated vans, cold storage lockers, and even drone-based delivery systems for perishable items. The growth of these services creates considerable opportunities for cold chain providers.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Food Cold Chain Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Food Cold Chain Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Food Cold Chain Market is estimated to witness a CAGR of 16.2% from 2023 to 2031
The major factors driving the Food Cold Chain Market are: Increasing Adoption of the e-commerce in food sector along with growing investment in the cold storage by the major players in the market drives the market growth.
The high manufacturing cost for the food cold chain hinders the market growth.
The major players in the market includes Americold Logistics LLC, Agro Merchant Group, Burris Logistics, Inc., Henningsen Cold Storage Company, Lineage Logistics, LLC, Nordic Logistics, Preferred Freezer, Wabash National, Cold Chain Technologies, Inc., Cryopak Industries Inc., Creopack, Cold Box Express, Inc., Others
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Food Cold Chain Market - By Transportation Mode
1.3.2 Food Cold Chain Market - By Temperature Type
1.3.3 Food Cold Chain Market - By Service Type
1.3.4 Food Cold Chain Market - By Application
1.3.5 Food Cold Chain Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FOOD COLD CHAIN MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. FOOD COLD CHAIN MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. FOOD COLD CHAIN MARKET - GLOBAL MARKET ANALYSIS
6.1. FOOD COLD CHAIN - GLOBAL MARKET OVERVIEW
6.2. FOOD COLD CHAIN - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FOOD COLD CHAIN MARKET - REVENUE AND FORECASTS TO 2028 - TRANSPORTATION MODE
7.1. OVERVIEW
7.2. TRANSPORTATION MODE MARKET FORECASTS AND ANALYSIS
7.3. ROAD
7.3.1. Overview
7.3.2. Road Market Forecast and Analysis
7.4. AIR
7.4.1. Overview
7.4.2. Air Market Forecast and Analysis
7.5. WATER
7.5.1. Overview
7.5.2. Water Market Forecast and Analysis
7.6. RAIL
7.6.1. Overview
7.6.2. Rail Market Forecast and Analysis
8. FOOD COLD CHAIN MARKET - REVENUE AND FORECASTS TO 2028 - TEMPERATURE TYPE
8.1. OVERVIEW
8.2. TEMPERATURE TYPE MARKET FORECASTS AND ANALYSIS
8.3. FROZEN
8.3.1. Overview
8.3.2. Frozen Market Forecast and Analysis
8.4. CHILLED
8.4.1. Overview
8.4.2. Chilled Market Forecast and Analysis
9. FOOD COLD CHAIN MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE TYPE
9.1. OVERVIEW
9.2. SERVICE TYPE MARKET FORECASTS AND ANALYSIS
9.3. REFRIGERATED TRANSPORT
9.3.1. Overview
9.3.2. Refrigerated Transport Market Forecast and Analysis
9.4. REFRIGERATED WAREHOUSING
9.4.1. Overview
9.4.2. Refrigerated Warehousing Market Forecast and Analysis
10. FOOD COLD CHAIN MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. FRUITS AND VEGETABLES
10.3.1. Overview
10.3.2. Fruits and Vegetables Market Forecast and Analysis
10.4. DAIRY AND FROZEN DESSERTS
10.4.1. Overview
10.4.2. Dairy and Frozen Desserts Market Forecast and Analysis
10.5. FISH
10.5.1. Overview
10.5.2. Fish Market Forecast and Analysis
10.6. MEAT AND SEAFOOD
10.6.1. Overview
10.6.2. Meat and Seafood Market Forecast and Analysis
10.7. BAKERY AND CONFECTIONERY
10.7.1. Overview
10.7.2. Bakery and Confectionery Market Forecast and Analysis
11. FOOD COLD CHAIN MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Food Cold Chain Market Overview
11.1.2 North America Food Cold Chain Market Forecasts and Analysis
11.1.3 North America Food Cold Chain Market Forecasts and Analysis - By Transportation Mode
11.1.4 North America Food Cold Chain Market Forecasts and Analysis - By Temperature Type
11.1.5 North America Food Cold Chain Market Forecasts and Analysis - By Service Type
11.1.6 North America Food Cold Chain Market Forecasts and Analysis - By Application
11.1.7 North America Food Cold Chain Market Forecasts and Analysis - By Countries
11.1.7.1 United States Food Cold Chain Market
11.1.7.1.1 United States Food Cold Chain Market by Transportation Mode
11.1.7.1.2 United States Food Cold Chain Market by Temperature Type
11.1.7.1.3 United States Food Cold Chain Market by Service Type
11.1.7.1.4 United States Food Cold Chain Market by Application
11.1.7.2 Canada Food Cold Chain Market
11.1.7.2.1 Canada Food Cold Chain Market by Transportation Mode
11.1.7.2.2 Canada Food Cold Chain Market by Temperature Type
11.1.7.2.3 Canada Food Cold Chain Market by Service Type
11.1.7.2.4 Canada Food Cold Chain Market by Application
11.1.7.3 Mexico Food Cold Chain Market
11.1.7.3.1 Mexico Food Cold Chain Market by Transportation Mode
11.1.7.3.2 Mexico Food Cold Chain Market by Temperature Type
11.1.7.3.3 Mexico Food Cold Chain Market by Service Type
11.1.7.3.4 Mexico Food Cold Chain Market by Application
11.2. EUROPE
11.2.1 Europe Food Cold Chain Market Overview
11.2.2 Europe Food Cold Chain Market Forecasts and Analysis
11.2.3 Europe Food Cold Chain Market Forecasts and Analysis - By Transportation Mode
11.2.4 Europe Food Cold Chain Market Forecasts and Analysis - By Temperature Type
11.2.5 Europe Food Cold Chain Market Forecasts and Analysis - By Service Type
11.2.6 Europe Food Cold Chain Market Forecasts and Analysis - By Application
11.2.7 Europe Food Cold Chain Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Food Cold Chain Market
11.2.7.1.1 Germany Food Cold Chain Market by Transportation Mode
11.2.7.1.2 Germany Food Cold Chain Market by Temperature Type
11.2.7.1.3 Germany Food Cold Chain Market by Service Type
11.2.7.1.4 Germany Food Cold Chain Market by Application
11.2.7.2 France Food Cold Chain Market
11.2.7.2.1 France Food Cold Chain Market by Transportation Mode
11.2.7.2.2 France Food Cold Chain Market by Temperature Type
11.2.7.2.3 France Food Cold Chain Market by Service Type
11.2.7.2.4 France Food Cold Chain Market by Application
11.2.7.3 Italy Food Cold Chain Market
11.2.7.3.1 Italy Food Cold Chain Market by Transportation Mode
11.2.7.3.2 Italy Food Cold Chain Market by Temperature Type
11.2.7.3.3 Italy Food Cold Chain Market by Service Type
11.2.7.3.4 Italy Food Cold Chain Market by Application
11.2.7.4 United Kingdom Food Cold Chain Market
11.2.7.4.1 United Kingdom Food Cold Chain Market by Transportation Mode
11.2.7.4.2 United Kingdom Food Cold Chain Market by Temperature Type
11.2.7.4.3 United Kingdom Food Cold Chain Market by Service Type
11.2.7.4.4 United Kingdom Food Cold Chain Market by Application
11.2.7.5 Russia Food Cold Chain Market
11.2.7.5.1 Russia Food Cold Chain Market by Transportation Mode
11.2.7.5.2 Russia Food Cold Chain Market by Temperature Type
11.2.7.5.3 Russia Food Cold Chain Market by Service Type
11.2.7.5.4 Russia Food Cold Chain Market by Application
11.2.7.6 Rest of Europe Food Cold Chain Market
11.2.7.6.1 Rest of Europe Food Cold Chain Market by Transportation Mode
11.2.7.6.2 Rest of Europe Food Cold Chain Market by Temperature Type
11.2.7.6.3 Rest of Europe Food Cold Chain Market by Service Type
11.2.7.6.4 Rest of Europe Food Cold Chain Market by Application
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Food Cold Chain Market Overview
11.3.2 Asia-Pacific Food Cold Chain Market Forecasts and Analysis
11.3.3 Asia-Pacific Food Cold Chain Market Forecasts and Analysis - By Transportation Mode
11.3.4 Asia-Pacific Food Cold Chain Market Forecasts and Analysis - By Temperature Type
11.3.5 Asia-Pacific Food Cold Chain Market Forecasts and Analysis - By Service Type
11.3.6 Asia-Pacific Food Cold Chain Market Forecasts and Analysis - By Application
11.3.7 Asia-Pacific Food Cold Chain Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Food Cold Chain Market
11.3.7.1.1 Australia Food Cold Chain Market by Transportation Mode
11.3.7.1.2 Australia Food Cold Chain Market by Temperature Type
11.3.7.1.3 Australia Food Cold Chain Market by Service Type
11.3.7.1.4 Australia Food Cold Chain Market by Application
11.3.7.2 China Food Cold Chain Market
11.3.7.2.1 China Food Cold Chain Market by Transportation Mode
11.3.7.2.2 China Food Cold Chain Market by Temperature Type
11.3.7.2.3 China Food Cold Chain Market by Service Type
11.3.7.2.4 China Food Cold Chain Market by Application
11.3.7.3 India Food Cold Chain Market
11.3.7.3.1 India Food Cold Chain Market by Transportation Mode
11.3.7.3.2 India Food Cold Chain Market by Temperature Type
11.3.7.3.3 India Food Cold Chain Market by Service Type
11.3.7.3.4 India Food Cold Chain Market by Application
11.3.7.4 Japan Food Cold Chain Market
11.3.7.4.1 Japan Food Cold Chain Market by Transportation Mode
11.3.7.4.2 Japan Food Cold Chain Market by Temperature Type
11.3.7.4.3 Japan Food Cold Chain Market by Service Type
11.3.7.4.4 Japan Food Cold Chain Market by Application
11.3.7.5 South Korea Food Cold Chain Market
11.3.7.5.1 South Korea Food Cold Chain Market by Transportation Mode
11.3.7.5.2 South Korea Food Cold Chain Market by Temperature Type
11.3.7.5.3 South Korea Food Cold Chain Market by Service Type
11.3.7.5.4 South Korea Food Cold Chain Market by Application
11.3.7.6 Rest of Asia-Pacific Food Cold Chain Market
11.3.7.6.1 Rest of Asia-Pacific Food Cold Chain Market by Transportation Mode
11.3.7.6.2 Rest of Asia-Pacific Food Cold Chain Market by Temperature Type
11.3.7.6.3 Rest of Asia-Pacific Food Cold Chain Market by Service Type
11.3.7.6.4 Rest of Asia-Pacific Food Cold Chain Market by Application
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Food Cold Chain Market Overview
11.4.2 Middle East and Africa Food Cold Chain Market Forecasts and Analysis
11.4.3 Middle East and Africa Food Cold Chain Market Forecasts and Analysis - By Transportation Mode
11.4.4 Middle East and Africa Food Cold Chain Market Forecasts and Analysis - By Temperature Type
11.4.5 Middle East and Africa Food Cold Chain Market Forecasts and Analysis - By Service Type
11.4.6 Middle East and Africa Food Cold Chain Market Forecasts and Analysis - By Application
11.4.7 Middle East and Africa Food Cold Chain Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Food Cold Chain Market
11.4.7.1.1 South Africa Food Cold Chain Market by Transportation Mode
11.4.7.1.2 South Africa Food Cold Chain Market by Temperature Type
11.4.7.1.3 South Africa Food Cold Chain Market by Service Type
11.4.7.1.4 South Africa Food Cold Chain Market by Application
11.4.7.2 Saudi Arabia Food Cold Chain Market
11.4.7.2.1 Saudi Arabia Food Cold Chain Market by Transportation Mode
11.4.7.2.2 Saudi Arabia Food Cold Chain Market by Temperature Type
11.4.7.2.3 Saudi Arabia Food Cold Chain Market by Service Type
11.4.7.2.4 Saudi Arabia Food Cold Chain Market by Application
11.4.7.3 U.A.E Food Cold Chain Market
11.4.7.3.1 U.A.E Food Cold Chain Market by Transportation Mode
11.4.7.3.2 U.A.E Food Cold Chain Market by Temperature Type
11.4.7.3.3 U.A.E Food Cold Chain Market by Service Type
11.4.7.3.4 U.A.E Food Cold Chain Market by Application
11.4.7.4 Rest of Middle East and Africa Food Cold Chain Market
11.4.7.4.1 Rest of Middle East and Africa Food Cold Chain Market by Transportation Mode
11.4.7.4.2 Rest of Middle East and Africa Food Cold Chain Market by Temperature Type
11.4.7.4.3 Rest of Middle East and Africa Food Cold Chain Market by Service Type
11.4.7.4.4 Rest of Middle East and Africa Food Cold Chain Market by Application
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Food Cold Chain Market Overview
11.5.2 South and Central America Food Cold Chain Market Forecasts and Analysis
11.5.3 South and Central America Food Cold Chain Market Forecasts and Analysis - By Transportation Mode
11.5.4 South and Central America Food Cold Chain Market Forecasts and Analysis - By Temperature Type
11.5.5 South and Central America Food Cold Chain Market Forecasts and Analysis - By Service Type
11.5.6 South and Central America Food Cold Chain Market Forecasts and Analysis - By Application
11.5.7 South and Central America Food Cold Chain Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Food Cold Chain Market
11.5.7.1.1 Brazil Food Cold Chain Market by Transportation Mode
11.5.7.1.2 Brazil Food Cold Chain Market by Temperature Type
11.5.7.1.3 Brazil Food Cold Chain Market by Service Type
11.5.7.1.4 Brazil Food Cold Chain Market by Application
11.5.7.2 Argentina Food Cold Chain Market
11.5.7.2.1 Argentina Food Cold Chain Market by Transportation Mode
11.5.7.2.2 Argentina Food Cold Chain Market by Temperature Type
11.5.7.2.3 Argentina Food Cold Chain Market by Service Type
11.5.7.2.4 Argentina Food Cold Chain Market by Application
11.5.7.3 Rest of South and Central America Food Cold Chain Market
11.5.7.3.1 Rest of South and Central America Food Cold Chain Market by Transportation Mode
11.5.7.3.2 Rest of South and Central America Food Cold Chain Market by Temperature Type
11.5.7.3.3 Rest of South and Central America Food Cold Chain Market by Service Type
11.5.7.3.4 Rest of South and Central America Food Cold Chain Market by Application
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. FOOD COLD CHAIN MARKET, KEY COMPANY PROFILES
13.1. AMERICOLD LOGISTICS
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. LINEAGE LOGISTICS HOLDINGS, LLC
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. NICHIREI CORPORATION
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. BURRIS LOGISTICS
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. AGRO MERCHANTS GROUP
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. KLOOSTERBOER GROUP
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. UNITED STATES COLD STORAGE, INC.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. TIPPMANN GROUP
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. VERSACOLD LOGISTICS SERVICES
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. HENNINGSEN COLD STORAGE CO.
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. AMERICOLD LOGISTICS
2. LINEAGE LOGISTICS HOLDINGS, LLC
3. NICHIREI CORPORATION
4. BURRIS LOGISTICS
5. AGRO MERCHANTS GROUP
6. KLOOSTERBOER GROUP
7. United States Cold Storage, Inc.
8. Tippmann Group
9. VERSACOLD LOGISTICS SERVICES
10. Henningsen Cold Storage Co.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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