ASEAN Cold Chain Logistics Market [2028] Analysis by Trends, Share, Demands, Forecast

Summary

Report Description

The ASEAN Cold Chain Logistics Market is anticipated to grow at a steady pace in the forecast period, 2023-2027, with a high CAGR. Supply chain and temperature-controlled surface transportation are both parts of the cold chain. The term “cold chain logistics” refers to the freezing procedures necessary to preserve the quality and shelf life of goods such as fresh vegetables, seafood, frozen foods, photographic film, chemicals, and pharmaceutical medications. Cold chains are crucial for increasing the shelf life of products, preventing overcapacity, minimising transit bottlenecks during busy times, and ensuring product quality. The procedure makes use of cold-insulated transport vehicles for product distribution and temperature-controlled facilities for product storage. Fruits, vegetables, meat, cattle, medications, and other goods are frequently transported and stored using cold chain logistics techniques. Refrigerated trucks, railcars, air freight, and refrigerated cargo are all common routes of transportation. In order to give farmers fair pricing for their produce, the cold chain sector plays a significant role in decreasing the waste of perishable goods and commodities. Cold chain logistics in the pharmaceutical sector improves the effectiveness of the medicine, across the supply chain.

E-commerce Expansion and More Consumer Options
ASEAN’s e-commerce revenues are rapidly increasing, luring many international investors to open offices there. Consumers now have access to goods and services that were previously out of their price range, such as trendy cosmetics and imported cuisine. People’s perceptions of frozen and cold meals have significantly changed as more people move into urban areas. Online retailers are increasingly selling frozen meals.

Online shopping is being redefined by E-commerce, and the rise in sales of chilled and frozen foods creates a demand for cold chain infrastructures, such as refrigerated transportation, storage facilities, and an effective supply chain. Customers who buy online no longer view e-commerce as a way to save money on commodities like electronics. Instead, they have expanded their online shopping preferences to include less expensive everyday things like food, clothing, and beauty products. Additionally, there are new opportunities and challenges for leasing cold storage in Southeast Asia due to the enormous growth in fresh food sales. Growing online purchases are stressing supermarkets, thus the burden is being transferred to those in charge of storing and shipping it. The demand for frozen food is always increasing due to the pandemic, lockdown, changes in how people purchase online, etc. In order to satisfy this demand as soon as possible, e-commerce enterprises employ cold chain logistics services.

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Meat Consumption has Grown in Recent Years
Increased meat consumption and feed imports are both a result of Southeast Asia’s growing population, rising affluence, urbanisation, and retail businesses. The five significant emerging markets are Thailand, Vietnam, Indonesia, Malaysia, and the Philippines. Even though fish and shellfish are the most widely consumed and produced meat sources and are mostly to blame for feedstock demand, meat consumption has increased recently. Each Southeast Asian nation’s consumption and production of meat demonstrates how diverse their culinary preferences are. The chicken industry in Malaysia is the most lucrative and has the highest output value. Almost all the nation’s chicken meat is produced domestically, and the average yearly intake is 50 kilograms. Thailand is the fourth-largest exporter of poultry in the world, and more than 80% of the chicken is grown in vertically integrated farms. In 2020, its annual per capita consumption is projected to be 7.9 kilos. Most of the pork produced in Thailand nowadays is for its own citizens. Even though Thailand's live pig exports increased in value by 339 per cent in 2020, this is still the situation. The next two greatest consumers of pork in the area are Vietnam and the Philippines, with annual per capita consumption of 25 kg and 14.9 kg, respectively. Because these meat products must be distributed through retail establishments and, in certain cases, as frozen packaged goods, there has been a considerable rise in the number of cold storage units leased throughout Southeast Asia.

Market Segmentation
The ASEAN Cold Chain Logistics Market is divided into Service Type, Application, Temperature Type, and Technology. Based on Service Type, the market is divided into Refrigerated Warehouse and Refrigerated Transportation. Based on Application, the market is segmented into Seafood, Meat, Fruit & Vegetable, Dairy Products, Alternative Protein, and Others. Based on Temperature Type, the market is divided into Frozen, Chilled. Based on Technology, the market is segmented into Dry Ice, Gel Packs, Eutectic Plates, Liquid Nitrogen, and Quilts.

Market Players
Major market players in the ASEAN Cold Chain Logistics Market are Nippon Express, United Parcel Service of America, Deutsche Post DHL, Yamato Transport Co. Ltd, DSV Agility Logistics, Tiong Nam Logistics Holdings Berhad, Sinchai Cold Storage Co., Ltd, Jentec Storage Inc.(Calamba), JWD InfoLogistics, PT. Pluit Cold Storage, and PT. Wahana Cold Storage.

Recent developments

Fast Logistics established two additional cold chain facilities in October 2021, amid a booming sector. The business marketed its North Cebu centre as the country's first automated cold storage facility. It makes use of modern technology and sensors that are also found in intelligent buildings. Growing consumer demand for frozen goods, changing consumer preferences, and increased access to regional export markets, following the establishment of the Association of Southeast Asian Nations (ASEAN) economic community, contribute to the expansion.
In Singapore, a new cold chain station was inaugurated by CEVA Logistics in September 2021. The newest cold station is located in Singapore's Airport Logistics Park's Free Trade Zone, where it offers in-transit storage, value-added services, and quick turnaround times for connecting to international markets. It also facilitates seamless regional distribution in the Association of Southeast Asian Nations (ASEAN) region. Its Temperature Sensitive Solution, a pharmaceutical logistics solution that guarantees that temperature-sensitive shipments across ambient and chilled settings are kept in their ideal surroundings throughout transportation, is directly supported by the company's expanding network of cold stations.

Attribute	Details
Base Year	2022
Historic Data	2018– 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Million, and CAGR for 2018-2022 and 2024-2028
Report Coverage	Revenue forecast, company share, growth factors, and trends
Segments Covered	Service Type Application Temperature Type Technology
Country scope	Thailand, Vietnam, Singapore, Philippines, Myanmar, Malaysia, Indonesia,
Key companies profiled	Nippon Express, United Parcel Service of America, Deutsche Post DHL, Yamato Transport Co. Ltd, DSV Agility Logistics, Tiong Nam Logistics Holdings Berhad, Sinchai Cold Storage Co., Ltd, Jentec Storage Inc.(Calamba), JWD InfoLogistics, PT. Pluit Cold Storage, and PT. Wahana Cold Storage.
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, the ASEAN Cold Chain Logistics Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

· ASEAN Cold Chain Logistics Market, By Service Type:

o Refrigerated Warehouse

o Refrigerated Transportation

· ASEAN Cold Chain Logistics Market, By Application:

o Seafood

o Meat

o Fruit & Vegetable

o Dairy Products

o Alternative Protein

o Others

· ASEAN Cold Chain Logistics Market, By Temperature Type:

o Frozen

o Chilled

· ASEAN Cold Chain Logistics Market, By Technology

o Dry Ice

o Gel Packs

o Eutectic Plates

o Liquid Nitrogen

o Quilts.

· ASEAN Cold Chain Logistics Market, By Region:

o Thailand

o Vietnam

o Singapore

o Philippines

o Myanmar

o Malaysia

o Indonesia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the ASEAN Cold Chain Logistics Market.

Available Customizations:

the ASEAN Cold Chain Logistics market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

ASEAN Cold Chain Logistics Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on the ASEAN Cold Chain Logistics Market

4. Executive Summary

5. Voice of Customer

6. ASEAN Cold Chain Logistics Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type (Refrigerated Warehouse, Refrigerated Transportation)

6.2.2. By Application (Seafood, Meat, Fruit & Vegetable, Dairy Products, Alternative Protein, Others)

6.2.3. By Temperature Type (Frozen, Chilled)

6.2.4. By Technology (Dry Ice, Gel Packs, Eutectic Plates, Liquid Nitrogen, Quilts)

6.2.5. By Country

6.2.6. By Company (2022)

6.3. Market Map

7. Thailand Cold Chain Logistics Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By Application

7.2.3. By Temperature Type

7.2.4. By Region

8. Vietnam Cold Chain Logistics Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Type

8.2.2. By Application

8.2.3. By Temperature Type

8.2.4. By Region

9. Singapore Cold Chain Logistics Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Type

9.2.2. By Application

9.2.3. By Temperature Type

9.2.4. By Region

10. Philippines Cold Chain Logistics Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Type

10.2.2. By Application

10.2.3. By Temperature Type

10.2.4. By Region

11. Myanmar Cold Chain Logistics Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Type

11.2.2. By Application

11.2.3. By Temperature Type

11.2.4. By Region

12. Malaysia Cold Chain Logistics Market Outlook

12.1. Market Size & Forecast

12.1.1. By Value

12.2. Market Share & Forecast

12.2.1. By Type

12.2.2. By Application

12.2.3. By Temperature Type

12.2.4. By Region

13. Indonesia Cold Chain Logistics Market Outlook

13.1. Market Size & Forecast

13.1.1. By Value

13.2. Market Share & Forecast

13.2.1. By Type

13.2.2. By Application

13.2.3. By Temperature Type

13.2.4. By Region

14. Market Dynamics

14.1. Drivers

14.1.1. Strong demand for meat, and dairy

14.1.2. Rising processed food products

14.1.3. Growing Urban Population

14.2. Challenges

14.2.1. Equipment Breakdown

14.2.2. Excessive Heat Exposure

14.2.3. Human Errors

15. Market Trends & Developments

15.1. Rising Urban Population

15.2. Development of the Pharmaceutical sector

15.3. Increase in the number of refrigerated Wearhouse

15.4. Government Initiatives

15.5. Merger & Acquisitions

16. Policy & Regulatory Landscape

17. PORTER Analysis

18. Company Profiles (TOP 10)

18.1. Nippon Express

18.1.1. Business Overview

18.1.2. Key Revenue and Financials (If Available)

18.1.3. Recent Developments

18.1.4. Key Personnel

18.1.5. Key Product/Services

18.2. United Parcel Service of America

18.2.1. Business Overview

18.2.2. Key Revenue and Financials (If Available)

18.2.3. Recent Developments

18.2.4. Key Personnel

18.2.5. Key Product/Services

18.3. Deutsche Post DHL,

18.3.1. Business Overview

18.3.2. Key Revenue and Financials (If Available)

18.3.3. Recent Developments

18.3.4. Key Personnel

18.3.5. Key Product/Service

18.4. Yamato Transport Co. Ltd,

18.4.1. Business Overview

18.4.2. Key Revenue and Financials (If Available)

18.4.3. Recent Developments

18.4.4. Key Personnel

18.4.5. Key Product/Service

18.5. DSV Agility Logistics,

18.5.1. Business Overview

18.5.2. Key Revenue and Financials (If Available)

18.5.3. Recent Developments

18.5.4. Key Personnel

18.5.5. Key Product/Services

18.6. Tiong Nam Logistics Holdings Berhad

18.6.1. Business Overview

18.6.2. Key Revenue and Financials (If Available)

18.6.3. Recent Developments

18.6.4. Key Personnel

18.6.5. Key Product/Services

18.7. Sinchai Cold Storage Co., Ltd

18.7.1. Business Overview

18.7.2. Key Revenue and Financials (If Available)

18.7.3. Recent Developments

18.7.4. Key Personnel

18.7.5. Key Product/Services

18.8. Jentec Storage Inc.(Calamba)

18.8.1. Business Overview

18.8.2. Key Revenue and Financials (If Available)

18.8.3. Recent Developments

18.8.4. Key Personnel

18.8.5. Key Product/Services

18.9. JWD InfoLogistics

18.9.1. Business Overview

18.9.2. Key Revenue and Financials (If Available)

18.9.3. Recent Developments

18.9.4. Key Personnel

18.9.5. Key Product/Services

18.10.PT. Pluit Cold Storage

18.10.1. Business Overview

18.10.2. Key Revenue and Financials (If Available)

18.10.3. Recent Developments

18.10.4. Key Personnel

18.10.5. Key Product/Services

18.11.PT. Wahana Cold Storage.

18.11.1. Business Overview

18.11.2. Key Revenue and Financials (If Available)

18.11.3. Recent Developments

18.11.4. Key Personnel

18.11.5. Key Product/Services

19. Strategic Recommendations

19.1. Key focus on Thailand Country

19.2. Key focus towards Application Segment

20. About Us & Disclaimer

Figures and Tables

Frequently asked questions

Which are the major market players in the ASEAN Cold Chain Logistics Market?

Nippon Express, United Parcel Service of America, Deutsche Post DHL, Yamato Transport Co. Ltd, DSV Agility Logistics, Tiong Nam Logistics Holdings Berhad, Sinchai Cold Storage Co., Ltd, Jentec Storage Inc.(Calamba), JWD InfoLogistics, PT. Pluit Cold Storage, and PT. Wahana Cold Storage are among the leading players in the ASEAN Cold Chain Logistics Market.

What is Cold Chain Logistics ?

A distribution network that regulates low temperatures is known as a cold chain. In order to keep quality within a desired low-temperature range, a continuous succession of refrigerated manufacturing, storage, and distribution operations, together with related equipment and logistics, is known as an unbroken cold chain.

Write about the drivers of using an ASEAN Cold Chain Logistics Market.

Strong demand for meat, & dairy, rising usage of processed food products and growing urban population are the major drivers of the ASEAN Cold Chain Logistics market.