Asia Pacific Cold Chain Logistics Market Forecast

PUdaily | Updated: February 2, 2023

As an emerging industry, cold chain logistics is booming. While the demand for the cold chain is increasing, many countries have introduced policies and measures to boost the industry. The market size of cold chain logistics in the Asia-Pacific region is expected to grow to USD 133.97 billion by 2027 from USD 68.32 billion in 2019, at a CAGR of roughly 10%. However, nowadays, the cold chain logistics facilities in the Asia-Pacific region are inferior to superterranean refrigerated facilities in terms of quantity and quality. Especially in the process of connecting cold storage and cold chain logistics, goods are easily exposed to high temperatures. Besides, the quality of cold chain services varies greatly. Food is highly perishable due to lack of proper refrigeration. It is estimated that 90% of food waste in Southeast Asia is generated during transportation.

Data Source: Statista

As one of the key strategic regions for global industrial transfer, the development of Southeast Asian countries is attracting much attention, and its cold chain logistics market is expected to grow by more than 12% from 2022 to 2027. Thailand’s refrigeration capacity totals 940,000 tonnes, and the refrigeration capacity of Indonesia and Myanmar is 370,000 tonnes and 88,000 tonnes respectively, according to a report of the Economic Research Institute for ASEAN and East Asia (ERIA). Increasing meat consumption is one of the main driving factor for the development of the cold chain industry in Southeast Asian countries. Malaysia’s poultry meat industry is largely self-sufficient, with an annual per capita consumption of nearly 50 kilograms. Thailand is the world’s fourth largest poultry exporter, with roughly 80% of the poultry produced by vertically integrated farms. The per capita consumption in Thailand was about 7.9 kilograms in 2020. From another aspect, Southeast Asia is home to around 260 million Muslims, who are driving the demand for halal food. Since most halal foods are meat products, they need to be stored in cold chain warehouses that have obtained relevant halal certification. The huge consumer group as well as the demand for transport and storage have significantly pushed up the consumption of insulated panels.


Driven by three major factors such as energy saving, environmental protection and food/drug safety, the cold chain logistics market is ushering in rapid development. The demand and market size of Asia-Pacific cold chain logistics will keep growing.

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