The latest intelligence report published by Report Ocean, titled “U.S. Cold Chain Tracking and Monitoring Market ” “2023: Increase in Demand and Opportunities,” offers valuable insights into the industry. The report provides a comprehensive analysis of research and information from various sources, empowering decision-makers worldwide to make a significant impact on the global economy. With a dynamic vision of the market size, statistics, and competitive landscape, the report presents a complete overview of the industry. It covers future trends, growth factors, consumption, production volume, CAGR value, opinions, profit margin, pricing, and industry-validated market data. This report assists individuals and market competitors in predicting future profitability and making crucial decisions for business growth.
The U.S. Cold chain tracking and monitoring market was valued at $ 875.9 million in 2019, and is projected to reach $1,851.0 million by 2027, registering a CAGR of 12.3% from 2020 to 2027. Cold chain tracking and monitoring refers to maintaining a given temperature range of products in cold storages with series of sensors and controlling devices. These are used to store perishable food items, which are supplied in army camps, pharmaceuticals, and remote areas. Food and beverages market trend with upsurge in the quality, to supplement better health and integrity.
Request To Download Sample of This Strategic Report:-https://reportocean.com/industry-verticals/sample-request?report_id=AMR1189
Maintenance of optimum temperature for cold chain products and drugs is essential to avoid changes in texture and taste or quality that occurs when a shipment deviates the recommended temperature and thus, the market is driven by increased focus on quality and product sensitivity. Pharmaceutical manufacturers also require efficient cold chain monitoring devices, as they deal with sensitive products utilized for customized treatments of rare diseases.
Initiatives by different governments globally holds the growth of cold chain tracking and monitoring market. For instance, India allowed 100.0% foreign domestic investment (FDI) through government route with excise duty and subsidy of over 25.0% to 33.3% on the cold storage project costs, in trading of food product manufactured or produced in country, including through e-commerce. The cold chain tracking and monitoring industry is expected to increase owing to focus on quality and product sensitivity, growth in organized retail, increase in refrigerated warehouses, government changing policies and regulations, and growth in pharmaceutical sector. However, lack of standardization and high operational cost, restrain the cold chain tracking market and cold chain monitoring market growth. Moreover, radio frequency identification (RFID) technologies for cold chain tracking market applications and research for advancements in cold chain software provides lucrative opportunities for the key players.
The demand for cold chain tracking and monitoring system is expected to grow owing to heavy investments in R&D of wireless sensors, RFID technology, and cold chain software by key players, such as Sensitech Inc., Elpro-Buchs AG, Berlinger & Co. AG, SecureRF Corporation, and Monnit Corporation.
Download Free Sample of This Strategic Report with Industry Analysis: https://reportocean.com/industry-verticals/sample-request?report_id=AMR1189
The report segments the U.S. cold chain tracking and monitoring market based on system, solution and connectivity technology. Based on system, the market is classified into hardware and software where as hardware is the dominant segment, and consumes high market share in 2015, owing to its applications in monitoring cold chains for fruits and vegetables, meat and seafood, poultry and dairy, processed food, and in pharmaceutical industry which are essential end users of the market. The market by solution is divided into storage and transportation. Further, by connectivity technology it is categorized into cellular IoT, GPS/GNSS and others. Key market players adopt novel strategies to improve their manufacturing techniques and widen their product portfolio to gain a competitive edge over other players.
U.S. Cold Chain Tracking and Monitoring Market Key Segments
The U.S. cold chain tracking and monitoring market is segmented based on system, solution and connectivity technology.
By Systems
– Hardware
– Software
By Solutions
– Storage
– Transportation
By End User
– Healthcare
– Food & Beverage
– Chemical
– Others
By Connectivity Technology
– Cellular IoT
– GPS/GNSS
– Others
To know How COVID-19 and Russia-Ukraine War Influence Will Impact This: https://reportocean.com/industry-verticals/sample-request?report_id=AMR1189
Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
Market Dynamics:
Drivers:
- Increasing emphasis on self-care and wellness, particularly among women. A
- Growing awareness of the health and beauty benefits offered by dietary supplements.
- Rising disposable incomes and willingness to invest in premium health and beauty products.
- Influence of social media and beauty influencers shaping consumer preferences.
- Changing lifestyles and health concerns driving the demand for supplementary nutrition.
Restraints:
- Lack of regulatory oversight and quality control in the supplements industry.
- Consumer skepticism and confusion regarding product claims and effectiveness.
- Potential risks and interactions with other medications or health conditions.
- Limited accessibility and affordability of supplements in certain regions.
Opportunities:
- Increasing demand for natural and organic supplements.
- Untapped market potential in the Asia-Pacific region.
- Development of innovative formulations and delivery methods.
- Collaborations with beauty brands or influencers for product endorsements.
- Integration of technology to personalize nutrition and enhance consumer experience.
Challenges:
- Intense competition among market players.
- Navigating regulatory complexities and meeting regional standards.
- Building trust and credibility with consumers.
- Educating consumers about the benefits and proper usage of supplements.
- Addressing concerns and skepticism regarding the safety and efficacy of supplements.
The report will include answers to the following key questions:
- What are the key current trends that can impact the product life cycle and return on investment?
- How do regulatory changes affect corporate, business, and functional strategies?
- Which initiatives by major players in micromarketing are likely to attract investment?
- What are the recommended frameworks and methodologies for conducting PESTLE analysis?
- In which areas are there emerging opportunities for growth and development?
- Which game-changing technologies will be instrumental in capturing new revenue streams in the near future?
- What operational and tactical frameworks are different players adopting to foster customer loyalty?
- What is the current level of market rivalry, and what is the expected degree of competition in the coming years?
Request full Report: https://reportocean.com/industry-verticals/sample-request?report_id=AMR1189
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean is the world’s leading research company, known for its informative research reports. We are committed to providing our clients with both quantitative and qualitative research results. As a part of our global network and comprehensive industry coverage, we offer in-depth knowledge, allowing informed and strategic business conclusions to report. We utilize the most recent technology and analysis tools along with our own unique research models and years of expertise, which assist us to create necessary details and facts that exceed expectations.
Get in Touch with Us:
Report Ocean:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES
Tel:+1888 212 3539 (US – TOLL FREE)
Website:https://reportocean.com