Mexico Cold Chain Logistics Market Size
| Study Period | 2020- 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 4.06 Billion |
| Market Size (2029) | USD 6.06 Billion |
| CAGR (2024 - 2029) | 12.36 % |
| Market Concentration | Low |
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*Disclaimer: Major Players sorted in no particular order |
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Mexico Cold Chain Logistics Market Analysis
The Mexico Cold Chain Logistics Market size is estimated at USD 4.06 billion in 2024, and is expected to reach USD 6.06 billion by 2029, growing at a CAGR of 12.36% during the forecast period (2024-2029).
With a population of nearly 130 million, a rich cultural history, and abundant natural resources, Mexico is among the 15 largest economies in the world and the second-largest economy in Latin America. The country has solid macroeconomic institutions, and it is open to trade. Moreover, in October 2023, Mexico's GDP grew over 3.2% compared to 2022.
In 2023, the Mexican cold chain sector witnessed significant investments. In December 2023, Emergent Cold LatAm raised USD 500 million to invest in refrigerated logistics in Latin America. The refrigerated food storage and transportation solutions provider in Latin America raised USD 500 million to boost its expansion and consolidation plan in the region. Emergent Cold LatAm raised twice the capital initially planned for this third investment round.
In November 2023, warehousing giant Lineage Logistics announced plans to build a massive cold storage facility in Laredo, with a capital investment of around USD 79 million due to the growing demand for avocados fueling the growth of cold storage.
Mexico Cold Chain Logistics Market Trends
Growing Agriculture Product Exports
- In February 2024, the value of agri-food exports, a category that includes big-earning beverages such as beer and tequila, hit a record high of USD 51.87 billion in 2023, a 3.9% increase compared to 2022. Thus, the Mexican agri-food industry recorded export growth for the 14th consecutive year, even as drought afflicted a large portion of the national territory. Agri-food exports accounted for 8.7% of Mexico’s total exports in 2023, which exceeded USD 593 billion.
- Meanwhile, agri-food imports declined ever so slightly (0.07%) to USD 44.29 billion, leaving Mexico with an agri-food trade surplus of just under USD 7.58 billion in 2023, a 35.3% increase compared to the 2022 surplus. It was the ninth consecutive year that Mexico had an agri-food trade surplus.
- According to the sources, the agri-food trade surplus was clear from the agri-food export data, which generated revenue of USD 6.16 billion in 2023, more than any other product in the category. The value of beer exports rose by 2.2% compared to 2022. The next biggest earner was tequila/mezcal, with the two agave spirits lumped together in the Bank of Mexico data, bringing in just under USD 4.3 billion in export revenue, an increase of 1.6% compared to the previous year.
- The Ministry of Agriculture and Rural Development noted that the value of live beef cattle exports rose by 63.1% in 2023, the highest percentage terms increase of any agri-food product. The total value of such exports was USD 1.11 billion. The biggest market for Mexican agri-food exports is the United States, but Mexico sends its products worldwide.
Increasing Meat Consumption Drives the Market
- In 2023, as per the US Department of Agriculture (USDA) Global Agricultural Information Network (GAIN) study, Mexico's chicken meat consumption is witnessing strong growth.
- Mexico is the world's 5th largest consumer of chicken meat, and demand remains high. Mexico's most significant animal protein consumption is chicken meat, with an expected increase of 3% to 4.9 million tonnes in 2024 from the previous year. Moreover, the demand is driven by increased demand for processed chicken meat, such as cold cuts and frozen breaded chicken meat. Furthermore, consumers continued to buy chicken meat at a relatively higher level than pork when the price gap between chickens and pigs closed in May 2023.
- Meanwhile, in 2023, the logistics company Brado, a subsidiary of Rumo, witnessed a 16% increase in the transport of frozen meat by rail, reaching a historic mark of 8,346 containers in Q1 2023. thus, the rising meat consumption drives the country's unprecedented demand for cold chain networks.
Mexico Cold Chain Logistics Industry Overview
Major foreign companies are present in this area of Mexico's highly fragmented logistics market. Some startups offer cold chain storage options in addition to them. Frialsa and Qualianz are significant participants in Mexico's cold chain logistics industry. With its warehouse of around 2.6 million cubic meters, Frialsa is a dominant participant in the cold storage industry. In addition to these two businesses, there are others in this industry, mainly from the United States.
Mexico Cold Chain Logistics Market Leaders
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Frialsa
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Friopuerto
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KPAK
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Serbom Group
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Friozem Armazens Frigorificos Ltda
*Disclaimer: Major Players sorted in no particular order
Mexico Cold Chain Logistics Market News
December 2023: AIT Worldwide Logistics, a global supply chain solutions leader, acquired Mach II Shipping Ltd, a UK-based freight forwarder specializing in the worldwide distribution of pharmaceuticals and related products. The deal includes a subsidiary in the Netherlands and a global network of life sciences partners. In addition to temperature-controlled air freight, Mach 2 (pharma freight) provides outstanding, dedicated road service for high-value life sciences moves throughout Europe with a managed fleet of temperature-controlled vehicles operated by Good Distribution practices and independent contractors.
February 2023: The fastest-growing provider of temperature-controlled storage and logistics services in Latin America, Emergent Cold Latin America (Emergent Cold LatAm or the Company), today announced the acquisition of Qualianz, a renowned platform for storage and logistics with operations in Mexico City, Mexico State, Monterrey, Querétaro, and Tijuana.
Mexico Cold Chain Logistics Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
- 2.1 Analysis Methodology
- 2.2 Research Phases
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
- 4.1 Current Market Scenario
- 4.2 Government Regulations and Initiative
- 4.3 Technological Trends and Automation in Cold Storage facilities
- 4.4 Impact of Emission Standards and Regulations in the Cold Chain Industry
- 4.5 Insights into Refrigerants and Packaging Materials Used in Refrigerated Warehouses
- 4.6 Insights into Ambient/Temperature-controlled Storage
- 4.7 Impact of COVID-19 on Cold Chain Logistics Market in Mexico
5. MARKET DYNAMICS
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5.1 Market Drivers
- 5.1.1 Growing Agriculture Product Exports
- 5.1.2 Increasing Meat Consumption Drives the Market
- 5.1.3 Increasing Online Grocery Sales
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5.2 Market Restraints
- 5.2.1 Rising Fuel Costs
- 5.2.2 Shortage Of Drivers
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5.3 Market Opportunities
- 5.3.1 Technology advancements
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5.4 Porter's Five Forces Analysis
- 5.4.1 Bargaining Power of Suppliers
- 5.4.2 Bargaining Power of Consumers
- 5.4.3 Threat of New Entrants
- 5.4.4 Threat of Substitutes
- 5.4.5 Intensity of Competitive Rivalry
- 5.5 Industry Value Chain/Supply Chain Analysis
6. MARKET SEGMENTATION
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6.1 By Service
- 6.1.1 Storage
- 6.1.2 Transportation
- 6.1.3 Value-added Services (Blast Freezing, Labeling, Inventory Management, etc.)
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6.2 By Temperature
- 6.2.1 Chilled
- 6.2.2 Frozen
- 6.2.3 Ambient
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6.3 By Application
- 6.3.1 Fruits and Vegetables
- 6.3.2 Dairy Products (Milk, Butter, Cheese, Ice Cream, etc.)
- 6.3.3 Fish, Meat, and Poultry
- 6.3.4 Processed Food
- 6.3.5 Pharmaceutical (Including Biopharma)
- 6.3.6 Bakery and Confectionery
- 6.3.7 Other Applications
7. COMPETITIVE LANDSCAPE
- 7.1 Overview (Market Concentration Analysis and Major Player)
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7.2 Company Profiles
- 7.2.1 Frialsa Frigoríficos
- 7.2.2 Friopuerto Veracruz
- 7.2.3 Serbom Group
- 7.2.4 Friozem Armazens Frigorificos Ltda
- 7.2.5 Conestoga Cold Storage
- 7.2.6 Brasfrigo
- 7.2.7 Americold Logistics
- 7.2.8 AIT Worldwide Logistics
- 7.2.9 Mex Storage
- 7.2.10 Emergent Cold LatAm
- 7.2.11 Bajo Cero Frigoríficos SA
- 7.2.12 ARCOSA
- 7.2.13 Laredo Cold Storage*
- *List Not Exhaustive
- 7.3 Other Companies
8. FUTURE OF THE MARKET
9. APPENDIX
- 9.1 Annual Statistics on Refrigerated Storage Facilities
- 9.2 Import and Export Trade Data of Frozen Food Products
- 9.3 Insights into Regulatory Framework on Food Transportation and Storage in Mexico
- 9.4 Insights into the Food and Beverage Sector in Mexico
Mexico Cold Chain Logistics Industry Segmentation
Cold chains specialize in storing, transporting, and preserving cargo that must be maintained at a specific temperature or within an acceptable temperature range. It has evolved due to a growing need for temperature-controlled logistics to safely transport large quantities of food over great distances. A complete background analysis of the Mexican cold chain logistics estate market, including the market overview, assessment of the economy and contribution of sectors in the economy, emerging trends in the market segments, market size estimation for key segments market dynamics, and geographical trends, and COVID-19 impact, is covered in the report.
The Mexican cold chain logistics market is segmented by service (storage, transportation, and value-added services (blast freezing, labeling, and inventory management)), temperature (chilled, frozen, and ambient), application (fruits and vegetables, dairy products (milk, butter, cheese, ice cream, etc.), fish, meat and poultry, processed food, pharmaceutical (including biopharma), bakery and confectionery, and other applications). The report offers market size and forecasts for all the above segments in value (USD).
| By Service | Storage |
| Transportation | |
| Value-added Services (Blast Freezing, Labeling, Inventory Management, etc.) | |
| By Temperature | Chilled |
| Frozen | |
| Ambient | |
| By Application | Fruits and Vegetables |
| Dairy Products (Milk, Butter, Cheese, Ice Cream, etc.) | |
| Fish, Meat, and Poultry | |
| Processed Food | |
| Pharmaceutical (Including Biopharma) | |
| Bakery and Confectionery | |
| Other Applications |
Mexico Cold Chain Logistics Market Research FAQs
How big is the Mexico Cold Chain Logistics Market?
The Mexico Cold Chain Logistics Market size is expected to reach USD 4.06 billion in 2024 and grow at a CAGR of 12.36% to reach USD 6.06 billion by 2029.
What is the current Mexico Cold Chain Logistics Market size?
In 2024, the Mexico Cold Chain Logistics Market size is expected to reach USD 4.06 billion.
Who are the key players in Mexico Cold Chain Logistics Market?
Frialsa, Friopuerto, KPAK, Serbom Group and Friozem Armazens Frigorificos Ltda are the major companies operating in the Mexico Cold Chain Logistics Market.
What years does this Mexico Cold Chain Logistics Market cover, and what was the market size in 2023?
In 2023, the Mexico Cold Chain Logistics Market size was estimated at USD 3.56 billion. The report covers the Mexico Cold Chain Logistics Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Mexico Cold Chain Logistics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Mexico Cold Chain Logistics Industry Report
The Mexican Cold Chain Logistics Market Report provides a comprehensive industry analysis, covering various segments such as storage, transportation, and value-added services. The report delves into different temperature requirements, including chilled, frozen, and ambient conditions, and examines applications across fruits and vegetables, dairy products, fish, meat and poultry, processed food, pharmaceuticals, bakery, and confectionery.
The market analysis includes detailed insights into market size, market share, and market growth, offering valuable industry statistics and market data. The report also explores the market forecast and market outlook, providing an industry overview and market review that highlights key market trends and market segmentation.
In addition, the report contains industry research and industry reports that present market predictions and market value. The market leaders and research companies are identified, giving a clear picture of the industry's competitive landscape. The report example and report PDF serve as useful references for understanding the industry's dynamics.
The industry information, industry outlook, and industry sales are thoroughly examined, ensuring a well-rounded perspective on the market. The report also includes a market forecast outlook, which offers a forward-looking view of the industry's potential growth rate. This comprehensive report is an essential tool for stakeholders looking to understand the Mexican Cold Chain Logistics market.
