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 .