Africa Cold Chain Logistics Market Size (2024 - 2029)

Africa Cold Chain Logistics Market Analysis

The Africa Cold Chain Logistics Market size is estimated at USD 10.88 billion in 2024, and is expected to reach USD 14.85 billion by 2029, growing at a CAGR of 8.28% during the forecast period (2024-2029).

The demand for efficient cold chain packaging solutions in Africa has increased significantly. This increase in interest is due to the continent's growing economy, as well as increasing demand for quality and security of temperature-sensitive products. The cold chain industry is expected to be boosted by the increasing demand for temperature-controlled goods in the continent, the entry of many new businesses, and the government's efforts and programs. To meet the country's long-term transport needs, South Africa has an ongoing plan, namely the National Transport Master Plan 2050, to oversee the construction of multimodal transport systems.

With growing exporters, importers, and logistics operators, South Africa is experiencing an emerging economy. Maintaining an efficient cold chain is essential to facilitate these sectors' growth and maintain their longevity.

A.P. Moller Capital announced that it would acquire Vector Logistics at the beginning of March 2023. According to A.P. Moller Capital, the acquisition provides Vector Logistics a great opportunity to accelerate its mission of going independent in supply chain expertise and logistics services. In this context, it will also expand its coverage to meet growing demand in Africa and broaden its activities to serve the wider geographic area.

Africa Cold Chain Logistics Industry Segmentation

The process of transporting, holding, and managing temperature-sensitive products in a controlled environment is referred to as cold chain logistics. For industries dealing with products that are sensitive to temperature variations, including both positive and negative temperature ranges, this is essential.

A complete background analysis of the African cold chain logistics market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and geographical trends, and COVID-19 impact, is covered in the report.

Africa's cold chain logistics market is segmented by service (storage, transportation, and value-added services (blast freezing, labeling, inventory management, etc.)), temperature (ambient, chilled, and frozen), application (horticulture (fresh fruits and vegetables), dairy products (milk, ice-cream, butter, etc.), meats and fish, processed food products, pharma, life sciences, and chemicals, and other applications), and country (Egypt, Morocco, Nigeria, South Africa, and Rest of Africa). The report offers market size and forecasts for the above-mentioned segments in value (USD).