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Mexico Cold Chain Logistics Market Size (2024 - 2029)

The Mexico Cold Chain Logistics Market is projected to experience significant growth over the forecast period, driven by the country's robust economic framework and strategic position as a major trade hub in Latin America. The market's expansion is supported by substantial investments in refrigerated logistics, reflecting the increasing demand for efficient food storage and transportation solutions. This growth trajectory is further enhanced by the development of large-scale cold storage facilities, catering to the rising need for cold chain services, particularly in sectors like avocado distribution.

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Market Size of Mexico Cold Chain Logistics Industry

Mexico Cold Chain Logistics Market Summary
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

Major Players

Mexico Cold Chain Logistics Market Major Players

*Disclaimer: Major Players sorted in no particular order

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 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
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Mexico Cold Chain Logistics Market Size Summary

The Mexico cold chain logistics market is poised for significant growth, driven by the country's robust economic framework and strategic position as a major player in Latin America. With a population exceeding 130 million and a strong trade-oriented economy, Mexico is experiencing a surge in demand for refrigerated storage and transportation solutions. This demand is fueled by the country's thriving agri-food sector, which has seen consistent export growth, particularly in high-value products like beer, tequila, and live beef cattle. The cold chain logistics industry is witnessing substantial investments, with major players like Emergent Cold LatAm and Lineage Logistics expanding their operations to meet the increasing needs of the market. These developments are further supported by Mexico's position as a leading consumer of chicken meat, driving the necessity for efficient cold chain networks to handle the rising consumption of processed poultry products.

The market landscape is characterized by a mix of established foreign companies and emerging startups, all vying for a share in Mexico's fragmented logistics sector. Key players such as Frialsa and Qualianz are prominent in the cold storage industry, offering extensive warehousing solutions to cater to the growing demand. The acquisition of local firms by international logistics giants, such as Emergent Cold LatAm's purchase of Qualianz, underscores the strategic importance of the Mexican market in the broader Latin American region. Additionally, the expansion of temperature-controlled logistics services, including those by AIT Worldwide Logistics, highlights the increasing focus on specialized logistics solutions for high-value products. As the market continues to evolve, the integration of advanced logistics technologies and strategic partnerships will be crucial in sustaining the growth trajectory of Mexico's cold chain logistics industry.

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Mexico Cold Chain Logistics Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Current Market Scenario

    2. 1.2 Government Regulations and Initiative

    3. 1.3 Technological Trends and Automation in Cold Storage facilities

    4. 1.4 Impact of Emission Standards and Regulations in the Cold Chain Industry

    5. 1.5 Insights into Refrigerants and Packaging Materials Used in Refrigerated Warehouses

    6. 1.6 Insights into Ambient/Temperature-controlled Storage

    7. 1.7 Impact of COVID-19 on Cold Chain Logistics Market in Mexico

  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 Chilled

      2. 2.2.2 Frozen

      3. 2.2.3 Ambient

    3. 2.3 By Application

      1. 2.3.1 Fruits and Vegetables

      2. 2.3.2 Dairy Products (Milk, Butter, Cheese, Ice Cream, etc.)

      3. 2.3.3 Fish, Meat, and Poultry

      4. 2.3.4 Processed Food

      5. 2.3.5 Pharmaceutical (Including Biopharma)

      6. 2.3.6 Bakery and Confectionery

      7. 2.3.7 Other Applications

Mexico Cold Chain Logistics Market Size FAQs

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.

In 2024, the Mexico Cold Chain Logistics Market size is expected to reach USD 4.06 billion.

Mexico Cold Chain Logistics Market Report Snapshots

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