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The Asia Pacific cold chain market reached a value of US$ 128.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 290.1 Billion by 2027, exhibiting at a CAGR of 14.2% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
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 Asia Pacific Cold Chain market in any manner.
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific cold chain market, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on service type, temperature and end user.
Market by Service Type:
Market by Temperature:
Market by End User:
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.
Competitive Landscape:
The competitive landscape of the market has also been examined, with some of the key players being AmeriCold Logistics LLC, Deutsche Post DHL Group, John Swire & Sons (H.K.) Limited, Kuehne + Nagel International AG, United Parcel Service, Inc., and Nichirei Logistics Group Inc.
Report Features | Details |
---|---|
Base Year of the Analysis | 2021 |
Historical Period | 2016-2021 |
Forecast Period | 2022-2027 |
Units | US$ Billion |
Segment Coverage | Service Type, Temperature, End User, Country |
Countries Covered | China, India, Japan, Australia, Singapore, South Korea, Others |
Companies Covered | AmeriCold Logistics LLC, Deutsche Post DHL Group, John Swire & Sons (H.K.) Limited, Kuehne + Nagel International AG, United Parcel Service, Inc., and Nichirei Logistics Group Inc |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The Asia Pacific cold chain market was valued at US$ 128.2 Billion in 2021.
We expect the Asia Pacific cold chain market to exhibit a CAGR of 14.2% during 2022-2027.
The rising consumer inclination towards processed and frozen food products, along with the
increasing penetration of e-commerce platforms, is primarily driving the Asia Pacific cold chain
market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing inclination towards cold
chain logistics specifically in the healthcare sector for organized distribution of temperature sensitive
healthcare products, such as vaccines, pharmaceuticals, clinical trial materials, etc.
Based on the service type, the Asia Pacific cold chain market can be categorized into refrigerated
storage and refrigerated transport, where refrigerated storage exhibits clear dominance in the
market.
Based on the temperature, the Asia Pacific cold chain market has been segmented into chilled and
frozen. Currently, chilled cold chain represents the largest market share.
Based on the end user, the Asia Pacific cold chain market can be bifurcated into food and beverages,
pharmaceuticals, chemicals, and others. Among these, the food and beverages sector holds the
majority of the total market share.
On a regional level, the market has been classified into China, India, Japan, Singapore, South Korea,
Australia, and others, where China currently dominates the Asia Pacific cold chain market.
Some of the major players in the Asia Pacific cold chain market include AmeriCold Logistics LLC,
Deutsche Post DHL Group, John Swire & Sons (H.K.) Limited, Kuehne + Nagel International AG,
United Parcel Service, Inc., and Nichirei Logistics Group Inc.
10% Free customization
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