Asia Pacific Cold Chain Market (2021 to 2026) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts
DUBLIN, Sept. 14, 2021 /PRNewswire/ -- The "Asia Pacific Cold Chain Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The Asia Pacific cold chain market reached a value of US$ 110.9 Billion in 2020. A strong growth in the life sciences and food industries across the Asia Pacific region is creating exciting opportunities for one of the most potential segments of the logistics industry - cold chain logistics.
Moreover, catalysed by rising incomes and a shift in dietary patterns, there is a rising demand for premium produce- including meat, seafood, fruits, vegetables, dairy, etc. These are products that are also temperature sensitive and need to be stored and transported at controlled temperatures. Furthermore, there are also increasing concerns over food safety, and a continuous shift in consumer habits to buy fresh and frozen food products from organised retail channels such as supermarkets compared to the traditional wet markets. The growth of e-commerce and online food retail has also catalysed the demand for frozen food. These trends have driven the demand of cold storage facilities in the region and bolstered further investments in ongoing infrastructure improvements. Looking forward, the publisher expects the Asia Pacific cold chain market to reach a value of US$ 254.90 Billion by 2026, exhibiting a CAGR of 14.80% during 2021-2026.
The competitive landscape of the market has also been examined, with some of the key players being AmeriCold Logistics LLC, Deutsche Post DHL Group, John Swire & Sons (H.K.) Limited, Kuehne + Nagel International AG, United Parcel Service, Inc., and Nichirei Logistics Group Inc.
Key Topics Covered:
For more information about this report visit https://www.researchandmarkets.com/r/jyo7v9
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