The Asia Pacific Cold Chain Market was valued at USD 34.73 billion in 2022 and is estimated to be growing at a CAGR of 10.2%, to reach USD 56.44 billion by 2028.
A temperature monitored supply chain is branded as a Cold Chain. Cold Chains are used to improve and maintain the shelf life of fresh agricultural products, frozen foods, seafood, dairy and bakery and confectionary merchandises.
Cold Chain goods and products are perishable and are always on-the-way to end-users or to further distribution channels and are hence referred to as Cargo. A continual series of refrigerated production, storage and supply activities, along with the accompanying equipment and logistics, which sustain the requisite low-temperature choice is labelled as an Unbroken Cold Chain, because temperature maintenance is mandatory almost all the time throughout transport and storage till the end use of consumption.
The Asia Pacific Cold Chain Market is set to expand due to growing demand from consumers for goods involving cold supply chains like dairy products, fresh vegetables and fruits, etc. Further, rapid growth of international trade of perishable foods, technological progress in refrigerated transport and storage, infrastructure development support by the government and the upsurge in enlargement of food retail chains by MNCs are the major driving factors for the growth of the Asia-Pacific Cold Chain Market. In the Asia-Pacific the increasing population in emerging countries with their growing health consciousness and disposable incomes is the major driving force of the market. The high costs associated with the temperature management equipment are the constraints faced by the Asia-Pacific Cold Chain market.
The Asia Pacific Cold Chain market is segmented by Type, Temperature Type, Technology, Application and Geography. By the Cold Chain Type, the market is classified into Refrigerated Storage and Transport. By Temperature Type, the market is separated into Chilled and Frozen. By the type of Technology, the market is segmented into Air-blown and Eutectic. Lastly, by Application the Cold Chain market is categorised into Fruits and Vegetables, Dairy, Bakery and Confectionary, Meat, and Seafood.
Geographically the Asia Pacific Cold Chain Market is segmented into India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia. Asia Pacific is one of the most lucrative markets for the growth of Cold Chain market and is projected to grow with the highest CAGR of 10.2% during the forecast period. Factors such as growing demand, rising consumer expenditure and emerging economies in countries such as India and China are predicted to lead the growth of the market in this region.
Key Players in the Market:
Major Key Players in the APAC Cold Chain Market are
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