Middle East & Africa Cold Chain Market Size & Outlook
Middle East & Africa cold chain market, 2017-2030 (US$M)
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MEA cold chain market highlights
- The MEA cold chain market generated a revenue of USD 30,388.0 million in 2023.
- The market is expected to grow at a CAGR of 20% 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, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 30,388.0 million |
| Market revenue in 2030 | USD 108,984.1 million |
| Growth rate | 20% (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, MEA region accounted for 11.2% 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 |
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Middle East & Africa 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 51.44% in 2023. Horizon Databook has segmented the Middle East & Africa cold chain market based on storage, transportation, packaging, monitoring components covering the revenue growth of each sub-segment from 2017 to 2030.
The Middle East has seen a steady increase in the adoption of cold chains in recent years. The cold chain, which refers to the system used to maintain the temperature of perishable goods from production to consumption, is an essential component of the food industry. The increasing demand for fresh and frozen food products and the rise in food safety regulations have driven the growth of the cold chain market in the Middle East.
The demand for food is particularly acute in Africa, owing to millions of people suffering from malnutrition and hunger. According to the Food and Agriculture Organization (FAO), in 2021, over 258 million people in Africa were undernourished, accounting for nearly 20% of the global total. This presents the need for expanding the agricultural sector and developing a reliable cold chain infrastructure to ensure the availability of safe and nutritious food products.
This also presents the need for the development of a robust cold chain infrastructure to manage the availability of temperature-sensitive pharmaceuticals to cater to the region’s rapidly growing population
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Target buyers of Middle East & Africa cold chain market databook
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Our clientele includes a mix of cold chain market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 Middle East & Africa cold chain market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa cold chain market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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MEA cold chain market size, by country, 2017-2030 (US$M)
Middle East & Africa Cold Chain Market Outlook Share, 2023 & 2030 (US$M)
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