Singapore Cold Chain Market Size & Outlook, 2023-2030
Singapore cold chain market, 2017-2030 (US$M)
Related Markets
Singapore cold chain market highlights
- The Singapore cold chain market generated a revenue of USD 4,239.1 million in 2023 and is expected to reach USD 16,735.9 million by 2030.
- The Singapore market is expected to grow at a CAGR of 21.7% 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 4,239.1 million |
| Market revenue in 2030 | USD 16,735.9 million |
| Growth rate | 21.7% (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, Singapore accounted for 1.6% 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 Asia Pacific, India cold chain market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 37,128.6 million by 2030.
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Cold Chain Market Scope
Cold Chain Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Singapore 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 52.06% in 2023. Horizon Databook has segmented the Singapore cold chain market based on storage, transportation, packaging, monitoring components covering the revenue growth of each sub-segment from 2017 to 2030.
The cold chain market in Singapore is developing rapidly. It comprises transporting, storing, and distributing temperature-sensitive products, including food and beverages, pharmaceuticals, and other perishable products. The market is driven by various factors, including changing consumer preferences, increasing demand for fresh and frozen foods, and the growth of e-commerce.
Consumers increasingly seek fresh, healthy, locally sourced foods and are willing to pay a premium price for high-quality products. This has increased the demand for cold chain logistics services as companies seek to ensure that their products are delivered to consumers in optimal conditions.
Reasons to subscribe to Singapore cold chain market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Singapore 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 Singapore cold chain market , including forecasts for subscribers. This country databook contains high-level insights into Singapore cold chain market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Singapore cold chain market size, by type, 2017-2030 (US$M)
Singapore Cold Chain Market Outlook Share, 2023 & 2030 (US$M)
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