South Africa Cold Chain Market Size & Outlook, 2023-2030
South Africa cold chain market, 2017-2030 (US$M)
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South Africa cold chain market highlights
- The South Africa cold chain market generated a revenue of USD 6,318.5 million in 2023 and is expected to reach USD 20,590.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 18.4% 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 6,318.5 million |
| Market revenue in 2030 | USD 20,590.2 million |
| Growth rate | 18.4% (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, South Africa accounted for 2.3% 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 |
|---|
South 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 53.01% in 2023. Horizon Databook has segmented the South Africa cold chain market based on storage, transportation, packaging, monitoring components covering the revenue growth of each sub-segment from 2017 to 2030.
The demand for fresh and frozen food is increasing in South Africa due to changing consumer preferences, urbanization, and rising incomes. This has led to the growth of the cold chain market as more companies invest in temperature-controlled logistics and storage to maintain the quality and safety of these products.
South Africa is a major exporter of perishable products such as fruit, vegetables, and meat. The growth of international trade has led to increased demand for cold chain solutions to maintain the quality and safety of these products during transportation. South Africa is currently facing severe power shortages, resulting in extended periods of electricity blackouts, which have disrupted the cold chains in the agricultural sector and impacted the quality of fresh produce.
This situation has raised concerns among businesses regarding their reliance on the state for electricity supply. To address this challenge, renewable electricity solutions for cold transport and storage could be crucial in short to medium term.
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Target buyers of South 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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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 South Africa cold chain market , including forecasts for subscribers. This country databook contains high-level insights into South Africa cold chain market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa cold chain market size, by type, 2017-2030 (US$M)
South Africa Cold Chain Market Outlook Share, 2023 & 2030 (US$M)
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