Asia Pacific Cold Storage Market Forecast to 2030
Asia Pacific Cold Storage Market Forecast to 2030 – Regional Analysis – by Application (Dairy Products, Meat and Seafood, Fruits and Vegetables, Pharmaceuticals, and Processed Food), Temperature Type (Chilled and Frozen), and Warehouse Type (Public and Private & Semi-Private)
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Description
Sustainable Refrigeration and Storage Technologies Boost Asia Pacific Cold Storage Market
The application of transcritical CO2 systems uses carbon dioxide (CO2) as a refrigerant, which has a very low ozone depletion potential (ODP). Unlike conventional refrigerants such as hydrofluorocarbons (HFCs) or hydrochlorofluorocarbons (HCFCs), which contribute to ozone layer depletion, CO2 does not damage the ozone layer. This characteristic makes cold storage transcritical CO2 refrigeration systems environmentally friendly and supports global efforts to phase out ozone-depleting substances. Transcritical CO2 systems have a substantially minimalized global warming potential (GWP) compared to many conventional cold storage facilities. GWP measures the ability of greenhouse gases to impact global warming over a definite period. CO2 has a GWP of 1, whereas HFCs commonly used in refrigeration systems have GWPs in the thousands or even tens of thousands. By using CO2 as a refrigerant, transcritical systems help moderate climate change and reduce the carbon footprint of cooling and refrigeration applications. Overall, the low environmental impact of cold storage transcritical CO2 systems are driving the market by supporting global environmental objectives. As the need for sustainable refrigeration and storage solutions continues to develop, cold storage transcritical CO2 technology offers a viable and smart option for businesses across various sectors. Furthermore, the application of cold thermal storage technology is also one of the environment-friendly alternatives for storage facilities that can provide opportunities for the cold storage market over the forecast period.
Asia Pacific Cold Storage Market Overview
The increasing population, rising consumer income, and growing preference for processed and canned food have positively favored the cold storage market. The popularity and importance of cold storage facilities have soared in recent years owing to increased expenditure on convenience and frozen food, probiotics, pharmaceuticals, or fresh produce. Several industries, such as food & beverages, pharmaceuticals, and chemicals, rely on cold storage facilities to preserve their products. In the food industry, the mounting demand for frozen and fresh foods has made cold storage facilities crucial for preserving product freshness and avoiding spoilage. The pharmaceutical industry immensely depends on cold storage to conserve the effectiveness of temperature-controlled vaccines and drugs.
Globalization and expansion in transport logistics have also boosted the supply chain of various products nationally or internationally. This trend has improved the demand for cold storage facilities to make certain that the products reach consumers in ideal condition, preserving a necessary temperature, regardless of distance and time of travel.
The growing popularity of online grocery sales and e-commerce platforms, which were further augmented by the pandemic and social distancing, majorly contribute to the market growth. Furthermore, the growing government initiatives to implement schemes and policies that support vigorous import and export of products are boosting the growth of the cold storage market in Asia Pacific.
Asia Pacific Cold Storage Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Cold Storage Market Segmentation
The Asia Pacific cold storage market is categorized into application, temperature type, warehouse type, and country.
Based on application, the Asia Pacific cold storage market is segmented into dairy products, meat and seafood, fruits and vegetables, pharmaceuticals, and processed food. The meat and seafood segment held the largest Asia Pacific cold storage market share in 2022.
In terms of temperature type, the Asia Pacific cold storage market is bifurcated into chilled and frozen. The frozen segment held a larger Asia Pacific cold storage market share in 2022.
By warehouse type, the Asia Pacific cold storage market is segmented into public and private & semi-private. The public segment held a larger Asia Pacific cold storage market share in 2022.
By country, the Asia Pacific cold storage market is segmented into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific cold storage market share in 2022.
Nichirei Corp, Americold Realty Trust Inc, Lineage Logistics Holdings LLC, and NewCold Cooperatief UA are some of the leading companies operating in the Asia Pacific cold storage market.
Summary Info
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According toThe Research Team’ research, the Asia Pacific cold storage market was valued at US$ 26,018.41 million in 2022 and is expected to reach US$ 100,662.54 million by 2030, registering a CAGR of 18.4% from 2022 to 2030. Sustainable refrigeration and storage technologies and increasing demand for convenience food among consumers are among the critical factors attributed to drive the Asia Pacific cold storage market growth.
Growing population, rising urbanization, increasing disposable income, and rising busy lifestyle are driving the demand for processed, canned, and easy-to-make food items globally. The canned or convenience food items require proper storage facilities to be in consumable condition. The importance of cold storage facilities is undeniable, as processed foods have a high chance of getting rotten within a few days or weeks if not preserved well. The maintained optimal temperature and proper storage conditions are essential for extending the shelf life of processed or canned food. Over the years, consumers’ lifestyles have evolved drastically; and the growing number of working populations are some of the major driving factors for the cold storage market. In addition, increased marketing exposure of processed food is also attracting major younger generation toward consuming processed food. The rise in demand for canned and processed food is boosting the requirement for cold storage facilities globally. For instance, the share of processed food exports in agri-exports increased significantly from 13.7% in 2014-2015 to 25.6% in 2022-2023 in India.
Thus, the increasing consumer inclination toward processed food is acting as a major driver for the cold storage market.
On the contrary, adverse impact of cold storage facilities on environment hurdle the growth of Asia Pacific cold storage market.
Based on application, the Asia Pacific cold storage market is segmented into dairy products, meat and seafood, fruits and vegetables, pharmaceuticals, and processed food. The meat and seafood segment held 31.5% market share in 2022, amassing US$ 8,198.53 million. It is projected to garner US$ 34,723.50 million by 2030 to register 19.8% CAGR during 2022-2030.
In terms of temperature type, the Asia Pacific cold storage market is bifurcated into chilled and frozen. The frozen segment held 65.8% share of Asia Pacific cold storage market in 2022, amassing US$ 17,132.75 million. It is anticipated to garner US$ 68,151.71 million by 2030 to expand at 18.8% CAGR during 2022-2030.
By warehouse type, the Asia Pacific cold storage market is segmented into public and private & semi-private. The public segment held 65.5% share of Asia Pacific cold storage market in 2022, amassing US$ 17,043.35 million. It is projected to garner US$ 63,294.24 million by 2030 to expand at 17.8% CAGR from 2022 to 2030.
Based on country, the Asia Pacific cold storage market is categorized into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 32.8% share of Asia Pacific cold storage market in 2022. It was assessed at US$ 8,533.28 million in 2022 and is likely to hit US$ 35,976.79 million by 2030, registering a CAGR of 19.7% during 2022-2030.
Key players operating in the Asia Pacific cold storage market are Nichirei Corp, Americold Realty Trust Inc, Lineage Logistics Holdings LLC, and NewCold Cooperatief UA, among others.
In 2023, Lineage LLC opened a next-generation cold-storage facility in Tauranga, New Zealand. The facility had over three million cubic feet of space, and more than 16,000 pallet positions.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific cold storage market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific cold storage market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Cold Storage Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 Producers
4.2.2 Storage Providers
4.2.3 End Users
5. Asia Pacific Cold Storage Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rapid Growth in Import and Export Activities of Food and Pharmaceutical Products
5.1.2 Increasing Demand for Convenience Food Among Consumers
5.1.3 Rise in Food Waste
5.2 Market Restraints
5.2.1 Adverse Impact of Cold Storage Facilities on Environment
5.3 Market Opportunities
5.3.1 Sustainable Refrigeration and Storage Technologies
5.4 Future Trends
5.4.1 Automation in Cold Storage Facilities
5.5 Impact of Drivers and Restraints:
6. Cold Storage Market -Asia Pacific Market Analysis
6.1 Cold Storage Market Revenue (US$ Million), 2022-2030
6.2 Cold Storage Market Forecast Analysis
7. Asia Pacific Cold Storage Market Analysis – by Application
7.1 Dairy Products
7.1.1 Overview
7.1.2 Dairy Products: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Meat and Seafood
7.2.1 Overview
7.2.2 Meat and Seafood: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Fruits and Vegetables
7.3.1 Overview
7.3.2 Fruits and Vegetables: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Pharmaceuticals
7.4.1 Overview
7.4.2 Pharmaceuticals: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Processed Food
7.5.1 Overview
7.5.2 Processed Food: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Cold Storage Market Analysis – by Temperature Type
8.1 Chilled
8.1.1 Overview
8.1.2 Chilled: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Frozen
8.2.1 Overview
8.2.2 Frozen: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Cold Storage Market Analysis – by Warehouse Type
9.1 Public
9.1.1 Overview
9.1.2 Public: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
9.2 Private and Semi-Private
9.2.1 Overview
9.2.2 Private and Semi-Private: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
10. Asia Pacific Cold Storage Market – Country Analysis
10.1 Asia Pacific
10.1.1 Asia Pacific Cold Storage Market Overview
10.1.2 Asia Pacific: Cold Storage Market – Revenue and Forecast Analysis – by Country
10.1.2.1 Asia Pacific: Cold Storage Market – Revenue and Forecast Analysis – by Country
10.1.2.2 Australia: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
10.1.2.2.1 Australia: Cold Storage Market Breakdown, by Application
10.1.2.2.2 Australia: Cold Storage Market Breakdown, by Temperature Type
10.1.2.2.3 Australia: Cold Storage Market Breakdown, by Warehouse Type
10.1.2.3 China: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
10.1.2.3.1 China: Cold Storage Market Breakdown, by Application
10.1.2.3.2 China: Cold Storage Market Breakdown, by Temperature Type
10.1.2.3.3 China: Cold Storage Market Breakdown, by Warehouse Type
10.1.2.4 India: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
10.1.2.4.1 India: Cold Storage Market Breakdown, by Application
10.1.2.4.2 India: Cold Storage Market Breakdown, by Temperature Type
10.1.2.4.3 India: Cold Storage Market Breakdown, by Warehouse Type
10.1.2.5 Japan: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
10.1.2.5.1 Japan: Cold Storage Market Breakdown, by Application
10.1.2.5.2 Japan: Cold Storage Market Breakdown, by Temperature Type
10.1.2.5.3 Japan: Cold Storage Market Breakdown, by Warehouse Type
10.1.2.6 South Korea: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
10.1.2.6.1 South Korea: Cold Storage Market Breakdown, by Application
10.1.2.6.2 South Korea: Cold Storage Market Breakdown, by Temperature Type
10.1.2.6.3 South Korea: Cold Storage Market Breakdown, by Warehouse Type
10.1.2.7 Rest of Asia Pacific: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
10.1.2.7.1 Rest of Asia Pacific: Cold Storage Market Breakdown, by Application
10.1.2.7.2 Rest of Asia Pacific: Cold Storage Market Breakdown, by Temperature Type
10.1.2.7.3 Rest of Asia Pacific: Cold Storage Market Breakdown, by Warehouse Type
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
12. Company Profiles
12.1 Nichirei Corp
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Americold Realty Trust Inc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Lineage Logistics Holdings LLC
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 NewCold Cooperatief UA
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
13. Appendix
13.1 About The Research Team
Table 1. Cold Storage Market Segmentation
Table 2. Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
Table 3. Asia Pacific Cold Storage Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 4. Asia Pacific Cold Storage Market – Revenue and Forecast to 2030 (US$ Million) – by Temperature Type
Table 5. Asia Pacific Cold Storage Market – Revenue and Forecast to 2030 (US$ Million) – by Warehouse Type
Table 6. Asia Pacific: Cold Storage Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 7. Australia: Cold Storage Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 8. Australia: Cold Storage Market – Revenue and Forecast to 2030(US$ Million) – by Temperature Type
Table 9. Australia: Cold Storage Market – Revenue and Forecast to 2030(US$ Million) – by Warehouse Type
Table 10. China: Cold Storage Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 11. China: Cold Storage Market – Revenue and Forecast to 2030(US$ Million) – by Temperature Type
Table 12. China: Cold Storage Market – Revenue and Forecast to 2030(US$ Million) – by Warehouse Type
Table 13. India: Cold Storage Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 14. India: Cold Storage Market – Revenue and Forecast to 2030(US$ Million) – by Temperature Type
Table 15. India: Cold Storage Market – Revenue and Forecast to 2030(US$ Million) – by Warehouse Type
Table 16. Japan: Cold Storage Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 17. Japan: Cold Storage Market – Revenue and Forecast to 2030(US$ Million) – by Temperature Type
Table 18. Japan: Cold Storage Market – Revenue and Forecast to 2030(US$ Million) – by Warehouse Type
Table 19. South Korea: Cold Storage Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 20. South Korea: Cold Storage Market – Revenue and Forecast to 2030(US$ Million) – by Temperature Type
Table 21. South Korea: Cold Storage Market – Revenue and Forecast to 2030(US$ Million) – by Warehouse Type
Table 22. Rest of Asia Pacific: Cold Storage Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 23. Rest of Asia Pacific: Cold Storage Market – Revenue and Forecast to 2030(US$ Million) – by Temperature Type
Table 24. Rest of Asia Pacific: Cold Storage Market – Revenue and Forecast to 2030(US$ Million) – by Warehouse Type
Figure 1. Cold Storage Market Segmentation, by Country
Figure 2. Ecosystem Analysis
Figure 3. Cold Storage Market – Key Market Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Cold Storage Market Revenue (US$ Million), 2022-2030
Figure 6. Asia Pacific Cold Storage Market Share (%) – by Application (2022 and 2030)
Figure 7. Dairy Products: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Meat and Seafood: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Fruits and Vegetables: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Pharmaceuticals: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Processed Food: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Asia Pacific Cold Storage Market Share (%) – by Temperature Type (2022 and 2030)
Figure 13. Chilled: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Frozen: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Asia Pacific Cold Storage Market Share (%) – by Warehouse Type (2022 and 2030)
Figure 16. Public: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Private and Semi-Private: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Asia Pacific Cold Storage Platforms Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 19. Asia Pacific: Cold Storage Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 20. Australia: Cold Storage Market – Revenue and Forecast to 2030(US$ Million)
Figure 21. China: Cold Storage Market – Revenue and Forecast to 2030(US$ Million)
Figure 22. India: Cold Storage Market – Revenue and Forecast to 2030(US$ Million)
Figure 23. Japan: Cold Storage Market – Revenue and Forecast to 2030(US$ Million)
Figure 24. South Korea: Cold Storage Market – Revenue and Forecast to 2030(US$ Million)
Figure 25. Rest of Asia Pacific: Cold Storage Market – Revenue and Forecast to 2030(US$ Million)
The List of Companies – Asia Pacific Cold Storage Market
o Nichirei Corp
o Americold Realty Trust Inc
o Lineage Logistics Holdings LLC
o NewCold Cooperatief UA
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