Market Outlook
According to the report by Expert Market Research (EMR), the China cold chain market size is projected to grow at a CAGR of 12.90% between 2024 and 2032. Aided by the robust demand for fresh and frozen food products and the blossoming e-commerce sector in the region, the market is expected to grow significantly by 2032.
Cold chain logistics pertains to a temperature-controlled supply chain network used for the warehousing and transportation of perishable food items, pharmaceuticals, and other sensitive products. It ensures that these goods maintain their quality and safety from the point of origin to the point of consumption. With its massive population and increasing urbanisation, China has become a colossal consumer of fresh produce, meat, dairy, and seafood, all of which require efficient cold chain solutions to maintain their freshness and extend shelf life.
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One of the primary accelerants of the China cold chain market growth is the escalating consumer preference for fresh and frozen products. As the middle class expands and incomes rise, Chinese consumers are becoming increasingly health-conscious, demanding better quality and fresh products. This has led to a proliferation in demand for robust cold storage and transportation facilities that can cater to this rising need.
Additionally, the booming e-commerce sector in China is playing a pivotal role in shaping the cold chain landscape. With the exponential rise in online grocery shopping and the increasing demand for quick and efficient deliveries, the need for a robust cold chain infrastructure has become paramount. Platforms such as Alibaba and JD.com are heavily investing in their logistics, especially in the cold chain segment, to ensure timely deliveries of perishable goods.
The pharmaceutical industry in China is another sector influencing the China cold chain market outlook. As the country grapples with an aging population, there’s an increasing need for temperature-sensitive pharmaceuticals, including vaccines and biopharmaceuticals. The efficient transportation and storage of these medicines are essential, leading to substantial investments in the cold chain sector by pharmaceutical giants.
Furthermore, the Chinese government’s initiatives and policies favouring the development of advanced logistics and cold chain infrastructures are also boosting the China cold chain market demand. Realising the significance of a resilient cold chain system, both for food safety and the health sector, the government has been encouraging investments in this space, offering incentives and policy supports.
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Market Segmentation
The market can be divided based on type, application, and region.
Market Breakup by Type
- Storage
- Warehouse
- Refrigerated Container
- Transportation
- Road
- Sea
- Rail
- Air
- Monitoring Components
- Hardware
- Software
Market Breakup by Application
- Fruits and Vegetables
- Dairy
- Fish, Meat, and Seafood
- Processed Food
- Pharmaceuticals
Market Breakup by Region
- Beijing
- Shanghai
- Shandong
- Tianjin
- Shenzhen
- Guangzhou
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the China cold chain market. Some of the major players explored in the report by Expert Market Research are as follows:
- Sinotrans Limited
- Arcticold Food Ltd.
- Shandong Gaishi International Logistics Group
- F. Express Co., Ltd.
- Rokin Inc.
- Others
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