Asia Pacific Cold Chain Market Size & Outlook, 2023-2030
Asia Pacific cold chain market, 2017-2030 (US$M)
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Asia Pacific cold chain market highlights
- The Asia Pacific cold chain market generated a revenue of USD 55,569.4 million in 2023.
- The market is expected to grow at a CAGR of 21.1% from 2024 to 2030.
- In terms of segment, storage was the largest revenue generating type in 2023.
- Monitoring Components is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 55,569.4 million |
| Market revenue in 2030 | USD 212,423.4 million |
| Growth rate | 21.1% (CAGR from 2023 to 2030) |
| Largest segment | Storage |
| Fastest growing segment | Monitoring Components |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Storage, Transportation, Packaging, Monitoring Components |
| Key market players worldwide | United States Cold Storage, Burris Logistics, Wabash National Corp, Newcold, Sonoco Products Co, United Parcel Service Inc Class B, A. P. Moller Maersk A/S ADR, Nichirei Corp, Tippmann Group / Interstate Warehousing / Tippmann Construction, Americold Realty Trust Inc, Lineage Logistics |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 20.5% of the global cold chain market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 212,423.4 million by 2030.
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Cold Chain Market Scope
Cold Chain Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific cold chain market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cold chain market will help companies and investors design strategic landscapes.
Storage was the largest segment with a revenue share of 52.05% in 2023. Horizon Databook has segmented the Asia Pacific cold chain market based on storage, transportation, packaging, monitoring components covering the revenue growth of each sub-segment from 2017 to 2030.
Asia Pacific is the fastest-growing region in the global cold chain market. This can be attributed to the increased transit of temperature-sensitive pharmaceutical products and drugs in and out of the region owing to the COVID-19 pandemic.
Moreover, the expansion of the food industry in the region is anticipated to fuel market growth. The growing awareness of the importance of food safety among consumers in the Asia Pacific region, particularly when it comes to perishable goods, is leading to greater demand for cold chain logistics. Cold chains help ensure that food products are stored and transported at the correct temperatures to prevent spoilage and contamination.
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Target buyers of Asia Pacific cold chain market databook
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Our clientele includes a mix of cold chain market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific cold chain market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific cold chain market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific cold chain market size, by country, 2017-2030 (US$M)
Asia Pacific Cold Chain Market Outlook Share, 2023 & 2030 (US$M)
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