The Asia Pacific Cold Chain market reached a value of US$ 78 Billion in 2018. A strong growth in the life sciences and food industries across the Asia Pacific region is creating exciting opportunities for one of the most potential segments of the logistics industry - cold chain logistics.
Accounting for around 60% of the global population, the Asia Pacific region represents a huge consumer base for both healthcare and food product suppliers. With rising disposable incomes and ageing population, the healthcare expenditure in the region is exhibiting strong growth rates and remains integral to the growth prospects of multinational pharmaceutical and biotechnology companies. This has resulted in a rising demand for temperature sensitive healthcare products such as vaccines, biopharmaceuticals, clinical trial materials, etc. Moreover, catalysed by rising incomes and a shift in dietary patterns, there is a rising demand for premium produce- including meat, seafood, fruits, vegetables, dairy, etc. These are products that are also temperature sensitive and need to be stored and transported at controlled temperatures. Furthermore, there are also increasing concerns over food safety, and a continuous shift in consumer habits to buy fresh and frozen food products from organised retail channels such as supermarkets compared to the traditional wet markets. The growth of e-commerce and online food retail has also catalysed the demand for frozen food. These trends have driven the demand of cold storage facilities in the region and bolstered further investments in ongoing infrastructure improvements. Catalysed by these factors, we expect the Asia Pacific cold chain market to reach a value of US$ 180 Billion by 2024, exhibiting a CAGR of nealy14.9% during 2019-2024.
This report provides a deep insight into the Asia Pacific Cold Chain market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Cold Chain market in any manner.
Market by Service Type:
On the basis of service type, the market has been segmented as refrigerated storage and refrigerated transport.
Market by Temperature:
Based on the temperature, the market has been segmented as chilled and frozen.
Market by End User:
On the basis of end user, the market has been segmented as food and beverages, pharmaceuticals, chemicals and others.
Market by Region:
On the basis of region, the market has been segmented into China, India, Japan, Singapore, South Korea, Australia and Others. Amongst these, China currently dominates in the Asia Pacific Cold Chain market.
Key Questions Answered in This Report:
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