Cold Chain Changes China, Cold Chain Alliance - Ken Research

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China Cold Chain Market including Cold Storage
and Transportation Industry to Register High
Growth on Account of High Demand from Express
Logistics Sector Ken Research
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China cold chain market is in its infancy stage
with high double digit growth and is highly
fragmented in nature. The Cold Chain Market in
China has increased at a five year CAGR of 20.3
during the period 2012-2017. China has witnessed
significant growth during the review period owing
to the Chinese population which started becoming
sensitive towards the food quality. Owing to
this, there has been a surge in demand for
refrigerated deliveries and warehouses near major
population centers. Rising demand of meat and
seafood has intensified the demand for cold
storage and transport systems in the country
making a positive impact on the cold chain market
in China. A major driver of cold chain bio-pharma
expansion in China has been insulin. Presently,
25.0 of the world diabetic population lives in
China which has created a significant demand for
the cold chain services in order to store and
transport the vaccines with safety and
quality. Cold storage has dictated the cold
chain market in 2017 by attributing a major
revenue share. The cold storage market increased
at a five year CAGR of 21.2 during 2012-2017
owing to the growth factors including retail
business expansion in the country which requires
cold storage to keep their stock in good quality.
Solidus Logistics, SF express, Rokin Logistics,
DCH and CMAC are the major cold transport
companies operating in China. The industries
demanding cold transport include supermarket and
hypermarket.
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Seafood and meat industry dominated the cold
chain market during 2017 in China with China
being one of the largest seafood consuming
countries in the world. Chinese have a preference
for fresh fruits and vegetables which require the
cold chain systems for these products. China is
the producer for half of the worlds vegetables
and is responsible for 30.0 of the fruits
production. China bakery industry has been
growing with the population embracing the western
and urban lifestyle. 3PL cold storage has
dominated the overall China cold storage market
revenues in 2017. The companies rent these
services in case they lack pallet capacity and
need to service a client. Various companies have
their own cold storage system and provide
services to their clients. Examples of these
include Swire Cold Storage Limited, Solidus
Logistics, Itochu Logistics, SF Express, Rokin
Logistics, DCH Logistics, CMAC, Zheng Ming and
others.
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There has been an increase in the number of cold
trucks by the companies during the review period
which cater to various industries including
manufacturing, seafood and meat, pharmaceutical,
ecommerce and others. The increasing demand for
processed meat and seafood triggered the demand
for cold transport in the country. Domestic
transport facilities have commanded the cold
transport market in China during 2017. The
companies include Zheng Ming Logistics, SF
Express, Solidus Logistics, China Railway Express
Co. Ltd and others. These companies are based in
China and hence have a strong network system.
International transport facilities attributed a
comparatively smaller share in the revenues of
China cold transport during 2017. The companies
providing these services include Swire Cold
Storage Limited, DCH logistics, CMAC,
SinoTransPFS and others.
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The road transportation has the highest value as
the numbers of cold trucks are present in high
numbers in the country. In addition to this, the
numbers of companies providing the road cold
transportation services are higher in number as
compared to the ones providing air and sea
transportation. In addition to this, the rail
transportation has been started to be used for
the transportation of few fruits and
vegetables. In the near future, the developing
market for chilled and frozen food will also
prove to be a growth driver for the cold
transportation industry in the country due to the
changing food consumption pattern with the
population more inclined towards convenient food.
Chinese consumers associate imported goods with
quality and safety such as fruits and vegetables
dairy products and also the consumers prefer
buying from the online platform. Several cold
transport service providers are looking for
mergers and acquisitions in the country to
synergies and gain mileage/ infrastructure. In
future, it is expected that measures will be
taken in improving the China cold chain
transportation standards and supply and marketing
integration system of cold chain transportation
will be established by building quality tracking
system, cold-chain transportation system of major
product areas and major product variety, perfect
and scientific industrial chain and fundamental
facilities of cold-chain transportation.
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