Thailand Cold Chain Logistics Market: Industry Size and Share Expected to Grow Rapidly by 2028Posted by Kumar on February 20th, 2023 ![]() As per the report by TechSci Research titled “Thailand Cold Chain Logistics Market - By Region, Competition, Forecast & Opportunities, 2028,” the Thailand cold chain logistics market is predicted to exhibit a robust compound annual growth rate in the near future. The market is driven by several factors, such as a surge in fruit exports to China, a rebound in seafood exports after the lifting of the yellow card for IUU fishing, and a fast-growing number of convenience shops and restaurant chains. Additionally, the COVID-19 pandemic has led to a shift in the logistics sector towards cold storage, which has resulted in an increased demand for premium cold storage in the region, partly influenced by shifting urban population and customer preferences in Thailand. The strengths of Thailand, such as its geographic location, expanding economy, competitive human capital, infrastructure, and solid government support, have also contributed to its potential for becoming a global food hub, promoting Thailand as a nation of stability, prosperity, and sustainability, and making it an attractive location for investment. According to the Logistics Performance Index, Thailand is the second-best logistics-friendly nation in ASEAN and ranks 32nd out of 160 nations, indicating an increase in the need for logistics. Download Free Sample Report- https://www.techsciresearch.com/sample-report.aspx?cid=14655 The demand for cold chain logistics has been driven by increased demand for food goods, as evidenced by a 2.44% growth rate in cold chain product exports between 2013 and 2018, while the import growth rate was 4.78%. The highest value of imports was in pharmaceutical products, while canned and processed food items, including fruits, vegetables, and seafood, had the highest value in exports. Large-sized businesses are the key players in cold storage and the main consumers of cold chain logistics, while small businesses, which subcontract with the big players, are the main players in temperature-controlled vehicles. Thus, increased investment in the cold chain offers several prospects for participants and users, particularly for the key participants, which are SMEs.
The development of the refrigerated logistics industry has been aided by the modernization of logistics. In Southeast region countries, there was an unanticipated increase in demand for cold chain logistics between 2020 and 2021. The increasing urban population and shifting consumer demands have increased the demand for cold storage and transportation. Southeast Asia's frozen food business is expanding considerably. The combined capacity of Thailand's public and private cold storage facilities is 940,000 metric tonnes. As the number of refrigerated warehouses rise and the pharmaceutical sector expands, there is an expectation that the market for cold chain logistics will grow. Additionally, it is expected that the expansion of the processed food sector would have a substantial impact on market growth. The lack of uniformity of operating procedures, security, temperature control, pest management, and high operational expenses, however, are issues that prevent the industry from growing. Based on application types, there are various sub-segments. For instance, seafood, meat, fruit & vegetable, dairy products, alternative protein, and others. The meat application type is dominating with a healthy market share and is expected to maintain it’s dominance in the upcoming years. One of Southeast Asia's top emerging markets is Thailand. Despite the fact that fish and shellfish are the most often consumed and produced meat sources, which are also partially to blame for the increase in feedstuff need, meat consumption has increased recently. Thailand is the fourth-largest exporter of poultry in Asia’s poultry meat production with about 80% of its chicken coming from vertically integrated farms. Its annual per capita consumption was about 7.9 kilogram in 2020. Thailand is one of the few countries that has not seen an epidemic of African Swine Fever, despite the fact that its exports of live pigs increased by 339% in value in 2020. Currently, the majority of the pork produced in Thailand is used domestically.
Download Free Sample Report- https://www.techsciresearch.com/sample-report.aspx?cid=14655 Customers can also request 10% free customization on this report. “The development of the refrigerated logistics industry has been aided by the modernization of logistics. In Thailand, there was an unanticipated increase in the need for cold chain logistics between 2020 and 2021. The increasing urban population and shifting consumer demands have increased the demand for cold storage and transportation. Southeast Asia's frozen food business is expanding considerably. The combined capacity of Thailand's public and private cold storage facilities is 940,000 metric tonnes. Though, they only represent the capabilities of large companies.” Therefore, these factors are expected to fuel the market growth of the Thailand Cold Chain Logistics Market in the upcoming years, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm. “Thailand Cold Chain Logistics Market, By Service Type (Refrigerated Warehouse, Refrigerated Transportation), By Application (Seafood, Meat, Fruit & Vegetable, Dairy Products, Alternative Protein, Others), By Temperature Type (Frozen, Chilled), By Technology (Dry Ice, Gel Packs, Eutectic Plates, Liquid Nitrogen, Quilts), By Region, Competition, Forecast & Opportunities, 2028”, has evaluated the future growth potential of Thailand Cold Chain Logistics Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Thailand Cold Chain Logistics Market. About TechSci Research: TechSci Research is a research based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. Contact Mr. Ken Mathews 708 Third Avenue, Manhattan, NY, New York – 10017 Tel: +1-646-360-1656 Email: sales@techsciresearch.com Like it? Share it!More by this author |