Asia Pacific Cold Chain Market

Market Overview:

The Asia Pacific cold chain market size reached US$ 146.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 317.4 Billion by 2028, exhibiting a growth rate (CAGR) of 13.5% during 2023-2028. 

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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific cold chain market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on service type, temperature and end user.

Breakup by Service Type:

• Refrigerated Storage
• Refrigerated Transport
   

Breakup by Temperature:

• Chilled 
• Frozen
   

Breakup by End User:

• Food and Beverages 
• Pharmaceuticals
• Chemicals
• Others
   

Breakup 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 Coverage: