Global cold chains market is expected to register global annual growth rate of around 10%.
(PRWEB) August 10, 2012
Cold Chain has become an integral part of the food supply chain due to the emphasis given to food wastage and safety. Increased trade of perishable goods like fruits and vegetables, milk and milk products, sea food and beverages round the globe is giving rise to the demand for Cold Chain. Trade involves transportation of food products from one geography to another. Much amount of food is wasted during transportation as well. Cold chain is an effective solution to the wastage during transportation of food products. The expansion of food processing industry in various sectors is mandating the demand for cold storage.
The cold chains market is expected to register global annual growth rate of around 10%. The major markets are U.S., India and China together accounting for more than 50% of the total area under cold storage. Cold Chains are used in a variety of fields like fruits and vegetables, dairy, fisheries etc. The demand driving factors for the industry are growth in organized retail, expansion of food processing sector and increased trade activities. Increased purchasing power in emerging economies is creating demand for fresh food products which can be fulfilled by Cold Chains. However, the main reason for surge in growth rate of cold chains is increased efforts by both global farmers and government to avoid post harvest crop losses during storage as well as transportation.
Global Cold Chains market research report is a focused analysis on cold chains with major geographies and key countries with data and insights in to market segments and future developments in the changing global markets. Detail analysis of Cold Chains in horticulture, floriculture, dairy, sea foods and other sectors provide in depth insights on current scenario and development trends. Segmentation with respect to type of product, storage, transport and geography are provided with market forecasts for the period of 2012 to 2017. Information contained in the report includes market sizes, forecasts, value chain, trends, and regulations. Competitive information includes market shares of leading players, key developments, and strategies deployed to win and profiles key market players.
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