UK Cold Chain Market Size & Outlook, 2023-2030
UK cold chain market, 2017-2030 (US$M)
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UK cold chain market highlights
- The UK cold chain market generated a revenue of USD 10,822.3 million in 2023 and is expected to reach USD 30,008.7 million by 2030.
- The UK market is expected to grow at a CAGR of 15.7% 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 10,822.3 million |
| Market revenue in 2030 | USD 30,008.7 million |
| Growth rate | 15.7% (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, UK accounted for 4.0% 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 Europe, UK cold chain market is projected to lead the regional market in terms of revenue in 2030.
- Netherlands is the fastest growing regional market in Europe and is projected to reach USD 20,300.5 million by 2030.
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Cold Chain Market Scope
Cold Chain Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 51.11% in 2023. Horizon Databook has segmented the UK cold chain market based on storage, transportation, packaging, monitoring components covering the revenue growth of each sub-segment from 2017 to 2030.
The rising demand for cold chains in the country can be attributed to the growing e-commerce industry, the rising number of refrigerated warehouses, and the growing pharmaceutical sector. The increasing demand for perishable foods such as fruits, vegetables, dairy products, and meat is also driving the demand for cold chain in the U.K.
Furthermore, the U.K. government is promoting the development of the cold chain industry by providing subsidies and tax incentives to companies investing in temperature controlled logistics facilities and services.
For instance, in the 2021 Spring Budget, the U.K. government announced a two-year tax incentive program to help cold chain transport companies invest in temperature control equipment and refrigeration units. The companies investing would be eligible to claim 130% of capital allowances on qualifying refrigeration systems, units, and equipment.
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Target buyers of UK 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 UK cold chain market , including forecasts for subscribers. This country databook contains high-level insights into UK cold chain market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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UK cold chain market size, by type, 2017-2030 (US$M)
UK Cold Chain Market Outlook Share, 2023 & 2030 (US$M)
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