Colombia Cold Chain Logistics Market Size (2024 - 2029)

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).