China Cold Chain Market Growth Factors, Competitive Landscape and Revenue Forecast till 2025
The China Cold Chain Market is projected to value USD 27.79 billion until 2025. It is expected to register a CAGR of 10.9% over the forecasted years, 2017 to 2025. The increasing preference over the consumption of processed food products prevailing across the millennial population is projected to propel the demand for cold chain solutions and products.
The fish, meat &
seafood segment dominated the market in 2016 on account of increasing demand
for exotic food products such as Scottish Crabs, Alaskan black cod, and
Japanese lobsters prevailing across the population of China. It is also
estimated to continue its dominance in the upcoming years. On the other hand,
the processed food segment also witnessed a substantial share across the market
in China.
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The cities like Beijing
and Shanghai are witnessing a rapid increase in demand for cold chain solutions
owing to the rising influence of Western food consumption habits. The other
segment that includes cities like Tianjin, Shenzhen, Guangzhou, and Shandong
accounted for the highest share across the market in 2016 due to the rising
number of expos and international exhibitions for product launches, promotions,
and demonstration.
The China cold chain market includes players such as
SF Express, Articold Logistics Ltd., Swire Group, Preferred Freezer, and
Americold Logistics LLC. They are constantly engaged in increasing their
warehouses, distribution centers, and trucks for widening their geographical
reach.
Further key findings from the report suggest:
• The processed food
segment is projected to witness substantial growth over the forecasted period,
2017 to 2025.
• In 2016, the
application segment of fish, meat & seafood dominated the market across
China.
• The other regional
segment held the largest share across the market in 2016.
China Cold Chain City Outlook (Revenue, USD Million, 2014 - 2025)
• Beijing
• Shanghai
• Other Cities (Shandong, Tianjin, Shenzhen,
Guangzhou, and others)
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China Cold Chain Application Outlook (Revenue, USD Million, 2014 - 2025)
• Fruits & Vegetables
• Dairy
• Fish, Meat, and Seafood
• Processed Food
• Pharmaceuticals
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