According to the April 2021 “Cold Chain Market Size, Share & Trends Analysis Report” from Grand View Research, the global cold chain market size was valued at $210.5 billion in 2020 and is expected to grow at a CAGR of 14.8 percent from 2021 to 2028.
For baked goods and snacks distributed refrigerated or frozen, producers need effective strategies to rapidly cool product before packaging, and then potential subsequent freezing, before distribution. These equipment solutions are vital elements in the overall logistics plan for cold-chain management and can include refrigeration and freezing technologies, as well as conveyors.