The China cold chain market size is projected to reach
USD 27.79 billion by 2025, according to a new report by Grand View Research,
Inc., registering a 10.9% CAGR during the forecast period. A cold chain process
is a temperature-controlled supply chain involving an unbroken sequence of
refrigerated production, storage, and distribution activities. A cold chain
process involving all stages–from storage and distribution to transportation–is
carried out using associated equipment and logistics solutions so as to adhere
to temperature requirements and maintain a desired temperature range.
Advancements in technology for cooling
and chilling processes is a key factor driving growth. Stringent policies and
regulations laid down to ensure quality control of food products and import of
chilled and frozen food products such as seafood and meat have also resulted in
improvements in cold chain logistics. Implementation of various regulations by
government agencies to maintain quality of food has urged warehouse operators
to maintain five different temperature zones.
Furthermore, the country’s government
is engaged in backing various projects and undertaking initiatives to promote
improved cold storage and transportation solutions in order to develop the cold
chain market. This can be attributed to increasing concerns over quality and
safety of food and rising consumer awareness regarding hygienic and healthy
eating habits.
Penetration of e-commerce into the
food and beverages and pharmaceutical sectors is also likely to propel the
country’s cold chain logistics market. Several e-commerce giants in the
country, such as JD.com, TooToo, and Tmall, are keenly investing in upgrading
their storage and distribution network so as to serve consumers in a better
way.
The industry is slated to present
lucrative opportunities for hardware, software, transportation, and logistics
service providers. The monitoring components segment is projected to portray
the highest growth rate over the forecast period owing to penetration of IoT
and other technologies and digital platforms in the cold chain logistics
industry. Online trading of food and beverages is resulting in a positive
impact on the monitoring components segment, particularly software providers.
Application of cold chain solutions
include fruits and vegetables; dairy; fish, meat, and seafood; and processed
food. The fish, meat, and seafood application segment dominated the entire
market in terms of revenue in 2016, followed by the dairy segment. However,
processed food products are gaining considerable traction in recent years and
this segment is likely to witness the highest growth over the forecast period.
Browse full research report on China Cold Chain Market: https://www.grandviewresearch.com/industry-analysis/china-cold-chain-market
Further key findings from the report suggest:
- External factors such as expansion of retail chains by
multinationals, trade liberalization, and government initiatives to reduce
food wastage are expected to fuel the cold chain market in China
- Rising demand for latest, modern high-cube refrigerated
trailers, vehicles, and connected trucks for logistics purposes involving
cross-product carriage is expected to catapult the refrigerated
transportation segment
- Online retailing of chilled and frozen foods, particularly
seafood such as salmon, flounder, and halibut, has risen considerably and
is likely to continue exhibiting strong growth over the forecast period
- Cities such as Shanghai and Beijing are experiencing rapid
increase in demand for cold chain systems, with a noticeable influence of
Western food habits. Other cities such as the Shandong province dominated
the market in terms of revenue in 2016. This may be attributed to rising
export of fresh produce in Beijing and Shanghai from Shandong, coupled
with high availability of cold storages in the Shandong province
- Prominent players in the industry include Swire Group,
Articold Logistics Ltd., Shandong Gaishi International Logistics Group
(Gaishi Group), SF Express, and Xianyi Holding Group, China.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/china-cold-chain-market/request/rs1
Grand View Research has segmented the China cold chain market
based on type, application, and city:
China Cold Chain Type Outlook (Revenue, USD Million, 2014 - 2025)
- Storage
- Warehouse
- Bulk
Storage
- Production
Stores
- Ports
- Refrigerated
Container
- 20
ft.
- 40
ft.
- 48
ft.
- 53
ft.
- Transportation
- Road
- Sea
- Rail
- Air
- Monitoring
Components
- Hardware
- Sensors
- RFID
Devices
- Telematics
- Networking
Devices
- Software
China Cold Chain Application Outlook (Revenue, USD Million, 2014 -
2025)
- Fruits
& Vegetables
- Dairy
- Fish,
Meat, and Seafood
- Processed
Food
- Pharmaceuticals
China Cold Chain City Outlook (Revenue, USD Million, 2014 - 2025)
- Beijing
- Shanghai
- Other
Cities (Shandong, Tianjin, Shenzhen, Guangzhou, and others)
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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