Colombia Cold Chain Logistics Market Size (2024 - 2029)

The Colombia Cold Chain Logistics Market is experiencing significant growth, driven by the expansion of trade in perishable products and supportive government initiatives aimed at enhancing cold chain infrastructure. The country's logistics sector has seen improvements, ranking fifth in Latin America and the Caribbean, with ongoing efforts to develop decentralized logistical infrastructure. Key factors contributing to the market's expansion include the growth of the processed food sector, increased cold storage capacity, and advancements in the pharmaceutical industry. Infrastructure developments, such as investments in storage facilities and refrigerated transport, are enhancing the reliability of the cold chain. The rising demand for cold storage, particularly in the pharmaceutical sector and online grocery sales, is expected to further propel the market's growth.

Market Size of Colombia Cold Chain Logistics Industry

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Colombia Cold Chain Logistics Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 2.10 Billion
Market Size (2029) USD 3.87 Billion
CAGR (2024 - 2029) 10.70 %
Market Concentration Medium

Major Players

Colombia Cold Chain Logistics Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Colombia Cold Chain Logistics Market Analysis

The Colombia Cold Chain Logistics Market size is estimated at USD 2.10 billion in 2024, and is expected to reach USD 3.87 billion by 2029, growing at a CAGR of 10.70% during the forecast period (2024-2029).

  • Colombia witnessed trade growth in perishable products and favorable government support for developing cold chain infrastructure. In recent years, Colombia's logistics sector improved and is now 5th in Latin America and the Caribbean. The government is doing everything possible to improve the decentralized logistical infrastructure. The development of Columbia's challenging logistics market is expected to be driven by growth in the processed food sector, an increase in cold storage, and the pharmaceutical industry.
  • Infrastructure development, such as investments in storage facilities, refrigerated transport, and technology integration, is taking place in Colombia's cold chain logistics market. Efforts are being made to improve the overall infrastructure to enhance the reliability of the cold chain.
  • In February 2024, Emergent Cold Latin America declared that it would rapidly expand the facilities of Colombian company Red Polar, which is based in Bogota. Emergent Cold will have a state-of-the-art facility in the short term, with a positioning capacity of 25,000 pallets. It will strengthen its presence in Colombia's capital and benefit both businesses' customers depending on their supply chain's objectives.
  • With the massive demand for the cold chain market, the pharmaceutical industry has accepted the potential advantages of using cryogenic storage facilities to store vaccines, blood samples, and other cell tests. In addition, there has been an increase in the need for frozen storage at online grocery stores. Demand for cold storage space in the next five years is projected to increase due to the growth in online grocery sales.

Colombia Cold Chain Logistics Industry Segmentation

A cold chain is a temperature-controlled supply chain. Cold chain logistics is the technology and process that allows the safe transport of temperature-sensitive goods and products along the supply chain. A complete background analysis of the Colombian 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.

The Colombian cold chain logistics market is segmented by services (storage, transportation, and value-added services (blast freezing, labeling, inventory management, etc.), temperature type (ambient, chilled, and frozen), and application (horticulture [fresh fruits and vegetables], dairy products [milk, ice-cream, butter, etc.], meat and fish, processed food products, and pharma, life sciences, and chemicals). The report offers market size and forecasts for all the above segments in value (USD).

By Services
Storage
Transportation
Value-added Services (Blast Freezing, Labeling, Inventory Management, etc.)
By Temperature Type
Ambient
Chilled
Frozen
By Application
Horticulture (Fresh Fruits and Vegetables)
Dairy Products (Milk, Ice-cream, Butter, etc.)
Meats and Fish
Processed Food Products
Pharma, Life Sciences, and Chemicals
Others
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Colombia Cold Chain Logistics Market Size Summary

The Colombian cold chain logistics market is experiencing significant growth, driven by an increase in demand for perishable goods and advancements in infrastructure. The country's logistics sector has improved markedly, ranking fifth in Latin America and the Caribbean, with government support playing a crucial role in developing decentralized logistical infrastructure. The market's expansion is fueled by the processed food sector, increased cold storage capacity, and the pharmaceutical industry, which is leveraging cryogenic storage for vaccines and other sensitive products. Investments in storage facilities, refrigerated transport, and technology integration are enhancing the reliability of the cold chain, with companies like Emergent Cold Latin America expanding their operations to meet growing demands.

Colombia's cold chain logistics market is characterized by a fragmented landscape with both local and international players. The country's strategic position as a key exporter of perishables, processed foods, and fresh produce in South America underscores the importance of temperature-controlled storage solutions. Despite challenges in rural areas, the market is benefiting from the rise of e-commerce and the demand for higher quality food products. Major players such as Frigometro, Megafin Logistica Para Alimentos, and Transportes Iceberg De Colombia are actively participating in this growing market. The expansion of facilities, like the one announced by Emergent Cold, highlights the ongoing investments aimed at enhancing the country's cold chain capabilities to support its burgeoning food and beverage industry.

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Colombia Cold Chain Logistics Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Current Market Scenario

    2. 1.2 Market Dynamics

      1. 1.2.1 Market Drivers

        1. 1.2.1.1 Export of Fresh Produce

        2. 1.2.1.2 Pharmaceutical Industry Growth

      2. 1.2.2 Market Restraints

        1. 1.2.2.1 Infrastructure Challenges

        2. 1.2.2.2 Costs and Investment

      3. 1.2.3 Market Opportunities

        1. 1.2.3.1 Collaboration and Partnerships

    3. 1.3 Technological Trends and Automation

    4. 1.4 Government Regulations and Initiatives

    5. 1.5 Industry Value Chain/Supply Chain Analysis

    6. 1.6 Spotlight on Ambient/Temperature-controlled Storage

    7. 1.7 Industry Attractiveness - Porter's Five Forces Analysis

    8. 1.8 Impact of Emission Standards and Regulations on Cold Chain Industry

    9. 1.9 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Services

      1. 2.1.1 Storage

      2. 2.1.2 Transportation

      3. 2.1.3 Value-added Services (Blast Freezing, Labeling, Inventory Management, etc.)

    2. 2.2 By Temperature Type

      1. 2.2.1 Ambient

      2. 2.2.2 Chilled

      3. 2.2.3 Frozen

    3. 2.3 By Application

      1. 2.3.1 Horticulture (Fresh Fruits and Vegetables)

      2. 2.3.2 Dairy Products (Milk, Ice-cream, Butter, etc.)

      3. 2.3.3 Meats and Fish

      4. 2.3.4 Processed Food Products

      5. 2.3.5 Pharma, Life Sciences, and Chemicals

      6. 2.3.6 Others

Colombia Cold Chain Logistics Market Size FAQs

The Colombia Cold Chain Logistics Market size is expected to reach USD 2.10 billion in 2024 and grow at a CAGR of 10.70% to reach USD 3.87 billion by 2029.

In 2024, the Colombia Cold Chain Logistics Market size is expected to reach USD 2.10 billion.

Colombia Cold Chain Logistics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)