In 2014 India (139 million cubic meters) surpassed the cold chain capacity of the U.S. (119 million cubic meters), and became the largest cold chain market by capacity. In the same year, China (82 million cubic meters) was the third largest cold chain market by capacity.
These figures show the trend of developing countries in increasing cold chain investments, so to reduce food spoilage and ensure better efficiency and visibility.
The Chinese city of Chongqing, for instance, has recently announced to be willing to invest 200 million Chinese Yuan in order to improve cold chain logistics, through the promotion of cold chain standards, infrastructure construction, and skill training.
The Asia-Pacific cold chain market has surpassed the market of North America in 2015 becoming the largest cold chain market.
This growth is mainly due to the enlargement of refrigerated warehouse capacity in India and other South East Asian Countries and it is going to keep on growing thanks to the increasing introduction of efficient refrigeration technologies.
The global cold chain market is expected to grow at a yearly rate of 12.1% during 2016-2022.
Among the food industry, meat & seafood segment accounted for largest share in the global cold chain market in 2015; the dairy & frozen desserts segment is instead expected to witness the fastest growth in the next 6 years.