China Cold Chain Market Size, Share Trends & Analysis Report By Type (Storage, Transportation, Monitoring), By Application (Fruits & Vegetables, Dairy, Fish, Meat, & Seafood, Processed Food, Pharmaceutical), And Segment Forecasts, 2018 - 2025

Published: Mar, 2018 | Pages: 95 | Publisher: Grand View Research
Industry: Technology & Media | Report Format: Electronic (PDF)

The China cold chain market size is projected to reach USD 27.79 billion by 2025, according to a new report by Grand View Research, Inc., registering a 10.9% CAGR during the forecast period. A cold chain process is a temperature-controlled supply chain involving an unbroken sequence of refrigerated production, storage, and distribution activities. A cold chain process involving all stages-from storage and distribution to transportation-is carried out using associated equipment and logistics solutions so as to adhere to temperature requirements and maintain a desired temperature range.

Advancements in technology for cooling and chilling processes is a key factor driving growth. Stringent policies and regulations laid down to ensure quality control of food products and import of chilled and frozen food products such as seafood and meat have also resulted in improvements in cold chain logistics. Implementation of various regulations by government agencies to maintain quality of food has urged warehouse operators to maintain five different temperature zones.

Furthermore, the country's government is engaged in backing various projects and undertaking initiatives to promote improved cold storage and transportation solutions in order to develop the cold chain market. This can be attributed to increasing concerns over quality and safety of food and rising consumer awareness regarding hygienic and healthy eating habits.

Penetration of e-commerce into the food and beverages and pharmaceutical sectors is also likely to propel the country's cold chain logistics market. Several e-commerce giants in the country, such as JD.com, TooToo, and Tmall, are keenly investing in upgrading their storage and distribution network so as to serve consumers in a better way.

E-commerce players focus on tapping growing opportunities in cold chain logistics owing to potential presented by chilled and frozen food products such as fish, meat, and seafood. Growing import of a variety of seafood products from different countries is also encouraging e-commerce players to adopt advanced chilling and storage infrastructure so as to maintain food quality and efficiently distribute them to consumers.

The industry is slated to present lucrative opportunities for hardware, software, transportation, and logistics service providers. The monitoring components segment is projected to portray the highest growth rate over the forecast period owing to penetration of IoT and other technologies and digital platforms in the cold chain logistics industry. Online trading of food and beverages is resulting in a positive impact on the monitoring components segment, particularly software providers.

Application of cold chain solutions include fruits and vegetables; dairy; fish, meat, and seafood; and processed food. The fish, meat, and seafood application segment dominated the entire market in terms of revenue in 2016, followed by the dairy segment. However, processed food products are gaining considerable traction in recent years and this segment is likely to witness the highest growth over the forecast period.

Further key findings from the report suggest:

• External factors such as expansion of retail chains by multinationals, trade liberalization, and government initiatives to reduce food wastage are expected to fuel the cold chain market in China

• Rising demand for latest, modern high-cube refrigerated trailers, vehicles, and connected trucks for logistics purposes involving cross-product carriage is expected to catapult the refrigerated transportation segment

• Online retailing of chilled and frozen foods, particularly seafood such as salmon, flounder, and halibut, has risen considerably and is likely to continue exhibiting strong growth over the forecast period

• Cities such as Shanghai and Beijing are experiencing rapid increase in demand for cold chain systems, with a noticeable influence of Western food habits. Other cities such as the Shandong province dominated the market in terms of revenue in 2016. This may be attributed to rising export of fresh produce in Beijing and Shanghai from Shandong, coupled with high availability of cold storages in the Shandong province

• Prominent players in the industry include Swire Group, Articold Logistics Ltd., Shandong Gaishi International Logistics Group (Gaishi Group), SF Express, and Xianyi Holding Group, China.

 Table of Contents

Chapter 1 Methodology and Scope
                 1.1 Research Methodology
                 1.2 Research Scope & Assumptions
                 1.3 List of Data Sources

Chapter 2 Executive Summary
                 2.1 China Cold Chain - Industry Snapshot & Key Buying Criteria, 2014 - 2025
                 2.2 China Cold Chain Market Size and Growth Prospects
                 2.3 Industry Snapshot: China
                      2.3.1 Competitiveness index: China

Chapter 3 Industry Outlook
                 3.1 Market Segmentation & Scope
                 3.2 China Cold Chain - Value Chain Analysis
                 3.3 China Cold Chain Logistics - Value Chain Analysis
                 3.4 Market Dynamics
                      3.4.1 Market driver analysis
                           3.4.1.1 Increasing demand for quality food
                           3.4.1.2 Development of ground cold chain transportation
                           3.4.1.3 Increasing IT spending in cold chain logistics
                           3.4.1.4 Growing investment in the development of cold chain
                      3.4.2 Market restraint analysis
                           3.4.2.1 High initial investment
                      3.4.3 Market opportunity analysis
                           3.4.3.1 Automation in warehousing
                 3.5 Key Opportunities - Prioritized
                 3.6 Cold Chain - Key Company Analysis, 2016
                      3.6.1 Key company analysis, 2016
                      3.6.2 Cold storage investment in China - Swire Group
                           3.6.2.1 Recent developments in the Chinese food sector
                 3.7 Analysis - Porter's
                 3.8 Cold chain - PESTEL Analysis
                 3.9 E-commerce Industry Trends in China
                      3.9.1 Effects of e-commerce on the Chinese seafood market
                      3.9.2 Impact of food and beverage e-commerce on the supply chain
                      3.9.3 Initiatives by online retail giants to upgrade cold chain systems
                 3.10 Business Models for Fresh Food Produce E-commerce in China 
                 3.11 Fresh Produce E-commerce in China - Factors for increased losses
                      3.11.1 Factors to overcome challenges involved in fresh produce e-commerce
                      3.11.2 Fresh produce e-commerce - Cold chain logistics requirements
                 3.12 China Cold Chain Market Share by City, 2016 & 2025
                      3.12.1 Beijing
                           3.12.1.1 Beijing cold chain market, by type, 2014 - 2025 (USD Million)
                           3.12.1.2 Beijing cold chain market, by application, 2014 - 2025 (USD Million)
                      3.12.2 Shanghai
                           3.12.2.1 Shanghai cold chain market, by type, 2014 - 2025 (USD Million)
                           3.12.2.2 Shanghai cold chain market, by application, 2014 - 2025 (USD Million)
                      3.12.3 Other cities
                           3.12.1.1 Other cities cold chain market, by type, 2014 - 2025 (USD Million)
                           3.12.1.2 Other cities cold chain market, by application, 2014 - 2025 (USD Million)

Chapter 4 Competitive Landscape
                 4.1 Americold Logistics LLC
                      4.1.1 Company overview
                      4.1.2 Product benchmarking
                      4.1.3 Recent developments
                 4.2 Arcticold Logistics Ltd.
                      4.2.1 Company overview
                      4.2.2 Product benchmarking
                      4.2.3 Recent developments
                 4.3 China Merchants Americold (CMAC)
                      4.3.1 Company overview
                      4.3.2 Product benchmarking
                      4.3.3 Recent developments
                 4.4 Shandong Gaishi International Logistics Group (Gaishi Group)
                      4.4.1 Company overview
                      4.4.2 Product benchmarking
                      4.4.3 Recent developments
                 4.5 Nichirei Logistics Group Inc.
                      4.5.1 Company overview
                      4.5.2 Financial performance
                      4.5.3 Product benchmarking
                 4.6 Preferred Freezer
                      4.6.1 Company overview
                      4.6.2 Product benchmarking
                      4.6.3 Recent developments
                 4.7 SF Express
                      4.7.1 Company overview
                      4.7.2 Product benchmarking
                      4.7.3 Recent developments
                 4.8 Swire Group
                      4.8.1 Company overview
                      4.8.2 Financial performance of Swire Asia Pacific
                      4.8.3 Product benchmarking
                      4.8.4 Recent developments
                 4.9 Henan Fresh Easy Supply Chain Co., Ltd. (Xianyi Holding, China)
                      4.9.1 Company overview
                      4.9.2 Product benchmarking
                      4.9.3 Recent developments
                 4.10 Shanghai Zhengming Modern Logistics Co., Ltd. (ZM Logistics)
                      4.10.1 Company overview
                      4.10.2 Product benchmarking

List of Tables

TABLE 1 China cold chain - Industry snapshot & critical success factor, 2014 - 2025
TABLE 2 China cold chain market, 2014 - 2025 (USD million)
TABLE 3 China cold chain market estimates and forecasts by type, 2014 - 2025 (USD million)
TABLE 4 China cold chain market estimates and forecasts by monitoring components, 2014 - 2025 (USD million)
TABLE 5 China cold chain monitoring components market estimates and forecasts by hardware, 2014 - 2025 (USD million)
TABLE 6 China cold chain market estimates and forecasts by storage, 2014 - 2025 (USD million)
TABLE 7 China cold chain storage market estimates and forecasts by warehouse, 2014 - 2025 (USD million)
TABLE 8 China cold chain storage market estimates and forecasts by reefer container, 2014 - 2025 (USD million)
TABLE 9 China cold chain market estimates and forecasts by transportation, 2014 - 2025 (USD million)
TABLE 10 China cold chain market estimates and forecasts by application, 2014 - 2025 (USD million)
TABLE 11 Global cold chain market estimates and forecasts by city, 2014 - 2025 (USD million)
TABLE 12 Key company analysis
TABLE 13 Beijing cold chain market estimates and forecasts by type, 2014 - 2025 (USD million)
TABLE 14 Beijing cold chain market estimates and forecasts by monitoring component, 2014 - 2025 (USD million)
TABLE 15 Beijing cold chain monitoring components market estimates and forecasts by hardware, 2014 - 2025 (USD million)
TABLE 16 Beijing cold chain market estimates and forecasts by storage, 2014 - 2025 (USD million)
TABLE 17 Beijing cold chain storage market estimates and forecasts by warehouse, 2014 - 2025 (USD million)
TABLE 18 Beijing cold chain storage market estimates and forecasts by reefer container, 2014 - 2025 (USD million)
TABLE 19 Beijing cold chain market estimates and forecasts by transportation, 2014 - 2025 (USD million)
TABLE 20 Beijing cold chain market estimates and forecasts by application, 2014 - 2025 (USD million)
TABLE 21 Shanghai cold chain market estimates and forecasts by type, 2014 - 2025 (USD million)
TABLE 22 Shanghai cold chain market estimates and forecasts by monitoring component, 2014 - 2025 (USD million)
TABLE 23 Shanghai cold chain monitoring components market estimates and forecasts by hardware, 2014 - 2025 (USD million)
TABLE 24 Shanghai cold chain market estimates and forecasts by storage, 2014 - 2025 (USD million)
TABLE 25 Shanghai cold chain storage market estimates and forecasts by warehouse, 2014 - 2025 (USD million)
TABLE 26 Shanghai cold chain storage market estimates and forecasts by reefer container, 2014 - 2025 (USD million)
TABLE 27 Shanghai cold chain market estimates and forecasts by transportation, 2014 - 2025 (USD million)
TABLE 28 Shanghai cold chain market estimates and forecasts by application, 2014 - 2025 (USD million)
TABLE 29 Others cold chain market estimates and forecasts by type, 2014 - 2025 (USD million)
TABLE 30 Others cold chain market estimates and forecasts by monitoring component, 2014 - 2025 (USD million)
TABLE 31 Others cold chain monitoring components market estimates and forecasts by hardware, 2014 - 2025 (USD million)
TABLE 32 Others cold chain market estimates and forecasts by storage, 2014 - 2025 (USD million)
TABLE 33 Others cold chain storage market estimates and forecasts by warehouse, 2014 - 2025 (USD million)
TABLE 34 Others cold chain storage market estimates and forecasts by reefer container, 2014 - 2025 (USD million)
TABLE 35 Others cold chain market estimates and forecasts by transportation, 2014 - 2025 (USD million)
TABLE 36 Others cold chain market estimates and forecasts by application, 2014 - 2025 (USD million)

List of Figures

FIG. 1 China cold chain market size and growth prospects 2014 - 2025 (Revenue in USD million)
FIG. 2 Market segmentation & scope
FIG. 3 China cold chain - Value chain analysis
FIG. 4 China cold chain logistics - Value chain analysis
FIG. 5 Market dynamics
FIG. 6 FDI inflow, by region, 2013-2015 (USD Million)
FIG. 7 Key opportunities prioritized
FIG. 8 Porter's five forces analysis
FIG. 9 Cold chain - PESTEL analysis
FIG. 10 Regional outlook, 2016 & 2025