Market Research Reports - Ken Research China Cold Chain Market

China Cold Chain Market including Cold Storage and Transportation Industry to Register High
Growth on Account of High Demand from Express Logistics Sector: Ken Research
China cold chain market is in its infancy stage with high double digit growth and is highly
fragmented in nature. The Cold Chain Market in China has increased at a five year CAGR of
20.3% during the period 2012-2017. China has witnessed significant growth during the review
period owing to the Chinese population which started becoming sensitive towards the food
quality. Owing to this, there has been a surge in demand for refrigerated deliveries and
warehouses near major population centers. Rising demand of meat and seafood has intensified
the demand for cold storage and transport systems in the country making a positive impact on
the cold chain market in China. A major driver of cold chain bio-pharma expansion in China has
been insulin. Presently, 25.0% of the world diabetic population lives in China which has created
a significant demand for the cold chain services in order to store and transport the vaccines
with safety and quality.
Cold storage has dictated the cold chain market in 2017 by attributing a major revenue share.
The cold storage market increased at a five year CAGR of 21.2% during 2012-2017 owing to the
growth factors including retail business expansion in the country which requires cold storage to
keep their stock in good quality. Solidus Logistics, SF express, Rokin Logistics, DCH and CMAC
are the major cold transport companies operating in China. The industries demanding cold
transport include supermarket and hypermarket.
Seafood and meat industry dominated the cold chain market during 2017 in China with China
being one of the largest seafood consuming countries in the world. Chinese have a preference
for fresh fruits and vegetables which require the cold chain systems for these products. China is
the producer for half of the world’s vegetables and is responsible for 30.0% of the fruits
production. China bakery industry has been growing with the population embracing the
western and urban lifestyle.
3PL cold storage has dominated 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.
Various companies have their own cold storage system and provide services to their clients.
Examples of these include Swire Cold Storage Limited, Solidus Logistics, Itochu Logistics, SF
Express, Rokin Logistics, DCH Logistics, CMAC, Zheng Ming and others.
There has been an 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 increasing demand for processed meat and
seafood triggered the demand for cold transport in the country.