Latin America Cold Chain Market Size & Outlook, 2023-2030
Latin America cold chain market, 2017-2030 (US$M)
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Latin America cold chain market highlights
- The Latin America cold chain market generated a revenue of USD 24,639.4 million in 2023.
- The market is expected to grow at a CAGR of 18.9% from 2024 to 2030.
- In terms of segment, storage was the largest revenue generating type in 2023.
- Monitoring Components is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 24,639.4 million |
| Market revenue in 2030 | USD 82,917.1 million |
| Growth rate | 18.9% (CAGR from 2023 to 2030) |
| Largest segment | Storage |
| Fastest growing segment | Monitoring Components |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Storage, Transportation, Packaging, Monitoring Components |
| Key market players worldwide | United States Cold Storage, Burris Logistics, Wabash National Corp, Newcold, Sonoco Products Co, United Parcel Service Inc Class B, A. P. Moller Maersk A/S ADR, Nichirei Corp, Tippmann Group / Interstate Warehousing / Tippmann Construction, Americold Realty Trust Inc, Lineage Logistics |
Other key industry trends
- In terms of revenue, Latin America region accounted for 9.1% of the global cold chain market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 212,423.4 million by 2030.
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Cold Chain Market Scope
Cold Chain Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America cold chain market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cold chain market will help companies and investors design strategic landscapes.
Storage was the largest segment with a revenue share of 50.09% in 2023. Horizon Databook has segmented the Latin America cold chain market based on storage, transportation, packaging, monitoring components covering the revenue growth of each sub-segment from 2017 to 2030.
During storage and transportation, cold chain services are used to maintain a specific temperature range for perishable goods, such as food and pharmaceuticals. The use of a cold chain is essential in ensuring that these products maintain their quality, safety, and efficacy throughout the supply chain. In South America, the adoption of the cold chain has been increasing over the years, primarily driven by the growth of the food and pharmaceutical industries.
The food industry is one of the major sectors driving the adoption of cold chains in South America. As the demand for fresh and frozen food products increases, there is a need for reliable and efficient cold chain equipment to maintain the quality and safety of these products. Additionally, the growing export market for South American food products requires adherence to strict international standards, which can only be met by having a proper cold chain infrastructure.
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Our clientele includes a mix of cold chain market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America cold chain market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America cold chain market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America cold chain market size, by country, 2017-2030 (US$M)
Latin America Cold Chain Market Outlook Share, 2023 & 2030 (US$M)
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