Spain Cold Chain Logistics Market Research Report

Spain Cold Chain Logistics Market Overview: 

The Spain cold chain logistics market is projected to exhibit a growth rate (CAGR) of 11.20% during 2024-2032. The growth of e-commerce in food delivery, strict food safety regulations, the increasing demand for goods like fresh produce and pharmaceuticals, and significant technological advancements in refrigeration and logistics management are some of the major factors driving the market growth.

Spain Cold Chain Logistics Market Trends:

Growing Demand for Perishables

The rising consumption of dairy products, fresh produce, meat, and seafood is driving the need for efficient cold-chain logistics. Changing consumer preferences for high-quality fresh food products in Spain are boosting the market demand for reliable cold storage and transportation systems. For instance, in March 2024, spending on consumer goods, durable goods, and home appliances in Spain amounted to €142.7 billion last year 2023, according to the new NIQ Retail Spend Barometer. This is the first analysis report resulting from the collaboration between the firms NIQ and GfK. and aims to offer the clearest and most complete picture of purchases made by consumers in the country. Similarly, in March 2023 Americold Realty Trust, a global leader in temperature-controlled warehouses and logistics for the food industry announced the grand opening of its facility expansion in Santa Perpetua Barcelona, Spain. The expansion adds 11 loading bays and 12,000 pallet positions bringing greater capacity in temperature-controlled products and services to customers in the region.

Expanding Pharmaceutical industry

The expansion of the pharmaceutical industry including the need for temperature-sensitive drugs and vaccines is driving the demand for reliable cold-chain logistics. For instance, in 2022, the pharmaceutical sector achieved unprecedented heights in external sales, registering exports of EUR 26,818 billion, marking a 53% increase from 2021, primarily propelled by the exportation of the COVID-19 vaccine. The sector invested EUR 1267 billion in research and development (R&D) in 2021, half of which fuel projects in collaboration with hospitals, universities, and public and private centers. The substantial investment in research and development (R&D), constituting 20% of all industrial research and development (R&D), is pivotal for progressing clinical trials and maintaining Spain's leading position in patents, with the sector presenting 181 patent applications in 2022. Similarly, in January 2023, Bomi Group, a UPS company officially opened its new storage and distribution facility in Madrid following an €18 million investment period this new GMP and GDP-compliant logistics center will cover an area of 27,578m² and have the capacity to hold 60,000 pallets, making it one of the largest warehouses in European pharmaceutical sector and creating 150 high skilled jobs.

Spain Cold Chain Logistics Market News:

• In June 2023, Bain Capital, a leading private investment firm and Conren Tramway (CT), a leading Spanish real estate investment and development firm, announced the launch of a JV to co-invest over EUR 600 million into the acquisition and development of logistics in Spain and Portugal over the next five years.
• In March 2024, Morocco and Spain agreed to accelerate the implementation of a memorandum of understanding (MoU) to boost cooperation in the fields of transport and logistics. The two countries reiterated this commitment during a working meeting between Minister of Transport Mohamed Abdeljalil and his Spanish counterpart Oscar Puente.
   

Spain Cold Chain Logistics Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on services, temperature type, and application.

Services Insights:

• Storage
• Transportation
• Value-Added Services
   

A detailed breakup and analysis of the market based on the services have also been provided in the report. This includes storage, transportation, and value-added.

Temperature Type Insights:

• Ambient
• Chilled
• Frozen
   

The report has provided a detailed breakup and analysis of the market based on the temperature type. This includes ambient, chilled, and frozen.

Application Insights:

• Horticulture (Fresh Fruits and Vegetables)
• Dairy Products (Milk, Ice-cream, Butter, etc.)
• Meats and Fish
• Processed Food Products
• Pharma, Life Sciences, and Chemicals
• Others
   

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes horticulture (fresh fruits and vegetables), dairy products (milk, ice-cream, butter, etc.), meats and fish, processed food products, pharma, life sciences, and chemicals, and others.

Regional Insights:

• Northern Spain
• Eastern Spain
• Southern Spain
• Central Spain
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Spain, Eastern Spain, Southern Spain, and Central Spain.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Spain Cold Chain Logistics Market Report Coverage:

Key Questions Answered in This Report:

• How has the Spain cold chain logistics market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Spain cold chain logistics market?
• What is the breakup of the Spain cold chain logistics market on the basis of services?
• What is the breakup of the Spain cold chain logistics market on the basis of temperature type?
• What is the breakup of the Spain cold chain logistics market on the basis of application?
• What are the various stages in the value chain of the Spain cold chain logistics market? 
• What are the key driving factors and challenges in the Spain cold chain logistics?
• What is the structure of the Spain cold chain logistics market and who are the key players?
• What is the degree of competition in the Spain cold chain logistics market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Spain cold chain logistics market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Spain cold chain logistics market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Spain cold chain logistics industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.