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Newark, NJ, May 03, 2021 (GLOBE NEWSWIRE) As per the report published by Fior Markets, the
global cold chain market is anticipated to grow from USD 233.8 billion in 2020 and reach USD 546.7 billion by 2028 and is growing at a CAGR of 14.6% during the forecast period 2021-2028.
The driving factor for the cold chain market, especially in the developing economies, is the switch to protein-rich foods rather than carbohydrate-rich foods due to health awareness. Moreover, the advancements in the packaging technology, storage of meat and seafood products, processing technology, etc., have become a driving factor for the market in the given forecast period. As the cold chain market has become an essential part of supply chain management, for the transportation and storage of products sensitive to temperature, a hike in the trade of the perishable products is expected, which is bound to increase the demand for cold chains.
Cold Chain Market to See Major Growth by 2025 newyorktelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newyorktelegraph.com Daily Mail and Mail on Sunday newspapers.