Saudi Arabia Cold Chain Market Size & Outlook, 2023-2030
Saudi Arabia cold chain market, 2017-2030 (US$M)
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Saudi Arabia cold chain market highlights
- The Saudi Arabia cold chain market generated a revenue of USD 3,271.0 million in 2023 and is expected to reach USD 12,821.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 21.5% 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.
Cold chain market data book summary
| Market revenue in 2023 | USD 3,271.0 million |
| Market revenue in 2030 | USD 12,821.2 million |
| Growth rate | 21.5% (CAGR from 2023 to 2030) |
| Largest segment | Storage |
| Fastest growing segment | Monitoring Components |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Saudi Arabia accounted for 1.2% of the global cold chain market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa cold chain market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 12,821.2 million by 2030.
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Cold Chain Market Scope
Cold Chain Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 51.83% in 2023. Horizon Databook has segmented the Saudi Arabia cold chain market based on storage, transportation, packaging, monitoring components covering the revenue growth of each sub-segment from 2017 to 2030.
Saudi Arabia is experiencing rapid population growth, driving the demand for food and pharmaceutical products that require cold storage and transportation. This can be attributed to a combination of factors, including increased life expectancy, higher birth rates, and immigration.
The growing demand for cold chains can also be attributed to the increasing demand for fresh and high-quality food products, particularly among the growing middle class, and the high prevalence of chronic diseases. The treatment of diseases such as diabetes and cardiovascular diseases requires access to high-quality medications that require cold storage and transportation.
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Target buyers of Saudi Arabia 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia cold chain market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia cold chain market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia cold chain market size, by type, 2017-2030 (US$M)
Saudi Arabia Cold Chain Market Outlook Share, 2023 & 2030 (US$M)
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