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Africa Cold Chain Logistics Market Size (2024 - 2029)

The Africa Cold Chain Logistics Market is projected to experience significant growth, driven by the increasing demand for temperature-sensitive products and efficient cold chain packaging solutions. This growth is supported by the continent's expanding economy, the entry of new businesses, and governmental initiatives. South Africa, in particular, is focusing on enhancing its transport infrastructure through comprehensive plans to support the logistics sector. The market's expansion is further facilitated by the rising number of exporters, importers, and logistics operators, highlighting the importance of maintaining an efficient cold chain to sustain economic growth and meet future demands.

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Market Size of Africa Cold Chain Logistics Industry

Africa Cold Chain Logistics Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 10.88 Billion
Market Size (2029) USD 14.85 Billion
CAGR (2024 - 2029) 8.28 %
Market Concentration Medium

Major Players

Africa Cold Chain Logistics Market Major Players

*Disclaimer: Major Players sorted in no particular order

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).

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Africa Cold Chain Logistics Market Size Summary

The Africa Cold Chain Logistics Market is poised for significant growth, driven by the increasing demand for efficient cold chain solutions across the continent. This demand is fueled by economic development, urbanization, and the rise of a higher-income class, which have led to a surge in the consumption of packaged, temperature-sensitive foods. The market is further bolstered by advancements in cold chain infrastructure and the proliferation of modern retail outlets. South Africa, in particular, is experiencing a burgeoning economy with a focus on maintaining an efficient cold chain to support its growing sectors. The government's initiatives, such as the National Transport Master Plan 2050, aim to enhance multimodal transport systems, which are crucial for the cold chain logistics industry. Additionally, strategic acquisitions, like A.P. Moller Capital's acquisition of Vector Logistics, are set to expand coverage and meet the rising demand across Africa.

The African cold chain logistics sector is also witnessing increased activity in the fishing industry, particularly in Egypt, where advancements in cold chain technology are enhancing the preservation and quality of seafood. The integration of cold chain logistics is vital for extending product shelf life, reducing waste, and meeting international standards. The sector's growth is supported by government initiatives and funding from international bodies, which aim to address the urgent need for cold chain infrastructure. Despite the presence of established companies, the evolving nature of the market and potential government support present opportunities for new entrants. The competitive landscape is shaped by factors such as service quality, reliability, and technical capabilities, with key players like Nippon Express, UPS, and DHL leading the charge.

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Africa Cold Chain Logistics Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Current Market Scenario

    2. 1.2 Technological Trends

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Government Regulations and Initiatives

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Service

      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

      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 Other Applications

    4. 2.4 By Country

      1. 2.4.1 Egypt

      2. 2.4.2 Morocco

      3. 2.4.3 Nigeria

      4. 2.4.4 South Africa

      5. 2.4.5 Rest of Africa

Africa Cold Chain Logistics Market Size FAQs

The Africa Cold Chain Logistics Market size is expected to reach USD 10.88 billion in 2024 and grow at a CAGR of 8.28% to reach USD 14.85 billion by 2029.

In 2024, the Africa Cold Chain Logistics Market size is expected to reach USD 10.88 billion.

Africa Cold Chain Logistics Market Report Snapshots

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