Australia Cold Chain Market: Primed for Exponential Growth with a Forecasted CAGR of 10.3% by 2027
GURUGRAM, India, Feb. 6, 2024 /PRNewswire/ -- Ken Research's latest report unveils significant growth in Australia Cold Chain Market, driven by rising meat and seafood consumption and an increasing demand for fresh food. The market, characterized by a highly competitive and fragmented landscape, is witnessing substantial advancements in logistics infrastructure and cold transport solutions.
Market Overview: The cold chain market in Australia, with over 100 players, is experiencing a surge due to the growing demand for temperature-controlled solutions. Investments in seaport development and an increase in cold transport needs, fueled by rising consumption of perishable products, are propelling market expansion.
Key Market Trends and Dynamics: The market is currently in a growth phase, spurred by collaborations with logistics providers and Australia's geographic advantages. The strong demand for fast food and the rising consumption of perishable products necessitating stable temperature control are key drivers.
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Market Players and Competitive Landscape: The landscape boasts both domestic and international players like Arctic Fox and Lineage, competing on technology, client services, and warehouse locations. Technological adoption and cost efficiency are the major focus areas for stakeholders.
Challenges and Opportunities: The industry faces challenges in technological adoption and maintaining product integrity during last-mile delivery. However, the growing demand for cold storage, particularly from fast-food restaurants, presents significant opportunities.
Forward-Looking Insights: With a projected CAGR of 10.3%, the market's future looks promising, driven by increased demand for perishable food products and the expansion of e-commerce, necessitating advanced cold storage facilities.
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Conclusion: Australia's Cold Chain Market is on the brink of a transformative growth spurt, backed by strong end-user demand and significant investments in the sector.
Taxonomy
Australia Cold Chain Market Segmentation
By Type
Cold Storage
Cold Transport
By End User
Pharmaceuticals and Vaccines
Fruits and Vegetables
Dairy Products
Meat & Seafood
Confectionary
Others
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Australia Cold Storage Market Segmentation
By Temperature Range
Chiller
Frozen
Ambient
By End-User
Meat & Sea Food
Fruits & Vegetables
Pharmaceuticals
Confectionary
Others
By Major Cities
Sydney
Brisbane
Melbourne
Others
Australia Cold Transport Market Segmentation
By Truck Type
Reefer Truck
20 Foot Reefer
40 Foot Reefer
By Transportation Mode
Land
Sea
Air
By Location
Domestic
International
By Vicinity
Inter-City
Intra City
By Ownership
Owned
3PL Owned Facilities
By End-User
Pharmaceuticals and Vaccines
Fruits and Vegetables
Dairy Products
Meat & Seafood
Confectionary
Others
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UAE Cold Chain Market is expected to grow at the rate of 4.6% in the forecast period 2022-2027 UAE Cold Chain Market Revenues are expected to be dominated by Cold Storage with over 50% share in 2027 Revenue in UAE Cold Chain Market is expected to grow with a CAGR of 4.8% till 2027 due to rising grocery spending and demand for small and medium storages.
The Vietnam cold chain market is anticipated to grow with a CAGR of 14.8% due to the ever-growing demand Rising demand in future for pharmaceutical products and vaccines are to contribute the highest growth in cold chain market with cold storage Large Scale 3PL Companies are anticipated to contribute the major market share in Vietnam cold chain market by ownership.
According to Ken Research estimates, the Global Cold Chain Market will expand at significant rate by 2027, owing to the growing demand of processed ready-to-eat food, rising export volumes, expanding storage capacity and new and advanced technologies.
According to Ken Research estimates, the Indonesia Cold Chain Market grew at a CAGR of 10.7% in the period of 2016-2021 – is expected to grow at a CAGR of 12.9% in the forecasted period of 2021-2026F, owing to the change in lifestyle and urbanization, growing fisheries sector, expansion of existing cold storages and rising domestic consumption of meat.
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