With the rising investments in cold chain technologies and an increase in the demand for frozen food, the global cold chain market is projected to exhibit a CAGR of more than 11 percent through 2020, according to TechSci Research.
The International Association of Refrigerated Warehouses (IARW) has released its 2014 Global Cold Storage Capacity Report. The report shows that the total capacity of refrigerated warehouses was estimated at 552 million cubic meters worldwide in 2014, an increase of 92 million cubic meters (20 percent) since 2012.
A number of leading companies that comprise the supply chain necessary to move cold food products around the world have launched a new organization known as the Global Food Cold Chain Council (GFCCC) to tackle environmental issues.
Frozen food manufacturers are encountering a shortage of broccoli and are looking to the Office of the US Trade Representative (USTR) to increase the supply.