By Industries( Meat and Seafood, Pharmaceutical, Fruits and Vegetables, Bakery and Others)
Seafood and meat industry dominated the cold chain market with revenue share of ~% during 2017 in China as China is one of the largest seafood consuming countries in the world. Processed meat and seafood market increased USD ~ billion in 2012 to USD ~ billion in 2017. Fruits and vegetables accounted for revenue share of ~% in cold chain market of China in 2017.
China is the producer for half of the world’ s vegetables and responsible for ~% of the fruits production. Bakery, pharmaceutical and other products attributed revenues share of ~%, ~% and ~% to the cold chain industry in 2017 respectively.
China Cold Storage Market
China cold storage market has increased at a five year CAGR of ~% from USD ~ million in 2012 to USD ~ million in 2017. Capacity of total cold storage warehouses inclined from ~ in 2012 to ~ in 2014. The increasing demand for meat and seafood has supported the demand for cold storage in the country making a positive impact on the cold storage market in China. The processed meat and seafood industry has increased from USD ~ billion in 2012 to USD ~ billion in 2014. The cold storage warehouses increased from ~ in 2015 to ~ in 2016 and the cold storage pallets inclined from ~ million in 2015 to ~ million in 2016.
Third Party Cold Storage Market
Third party cold storage has dominated with ~% of the overall China cold storage market revenues in 2017. The companies rent these services in case they lack pallet capacity and need to service a client. The average price per pallet in China was observed to be USD ~ in 2017.
China Cold Storage Future Projections
The cold storage market in China is expected to augment at a five year CAGR of ~% from USD ~ billion in 2017 to USD ~ billion in 2022. The companies are planning to expand their capacity further by increasing the number of warehouses such as Swire Cold Storage Limited. Swire is planning to invest in the cold storage facility in China in the forecast period and is planning to construct ~ facilities by 2020.
China Cold Transport Market
China cold transport market has increased at a five year CAGR of ~% from USD ~ billion in 2012 to USD ~ billion in 2017. There has been increase in the number of cold trucks by the companies during the review period which cater to various industries including manufacturing, seafood and meat, pharmaceutical, ecommerce and others. The processed meat and seafood industry rose from USD ~ billion in 2012 to USD ~ billion in 2014.