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.
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.
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. Also, China is the producer for half of the world’s vegetables and is responsible for 30.0% of the fruits production.
