ASEAN Cold Chain Logistics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The ASEAN Cold Chain Logistics Market is segmented By Service (Storage, Transportation, and Value-added Services), By Temperature (Ambient, Chilled, and Frozen), By Application (Horticulture, Dairy Products, Meats and Fish, Processed Food Products, Pharma, Life Sciences, and Chemicals, and Other Applications), and By Geography (Singapore, Thailand, Vietnam, Indonesia, Malaysia, Philippines and Rest of ASEAN). The report offers market size and forecasts for the ASEAN Cold Chain Logistics Market in value (USD billion) for all the above segments.

ASEAN Cold Chain Logistics Industry Overview

ASEAN Cold Chain Logistics Market Summary
Study Period: 2019-2028
CAGR: > 10.6 %

Major Players

ASEAN Cold Chain Logistics Market Major Players

*Disclaimer: Major Players sorted in no particular order


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ASEAN Cold Chain Logistics Market Analysis

The size of ASEAN cold chain logistics market is USD 10.5 billion in the current year and is anticipated to register a CAGR of over 10.6% during the forecast period. The COVID-19 pandemic challenging the economy has upended the cold chain logistics sector with massive changes in operations, supply chains, regulations, and workforce requirements. Modernization in the logistics sector has supported the growth of the refrigerated logistics market.

  • The growing urban population and changing consumer perception have boosted refrigerated storage and transport demand. The market for refrigerated/frozen products is rapidly growing in Southeast Asia. According to the Economic Research Institute for ASEAN and East Asia (ERIA), Thailand has a total capacity of 940,000 metric tons for both public and private cold storage facilities. In Vietnam, the private sector has a capacity of more than 500,000 pallets. Capacity figures for Indonesia and Myanmar are 370,200 metric tons and 88,148 metric tons, respectively, but these only represent the capacities of major companies.
  • The distribution of food products is rapidly shifting from traditional markets toward supermarkets and convenience stores. Refrigerated and frozen products are easier to procure, as major distributors offer shipping via insulated trucks. The quality of local cold-chain services varies widely. Food products have been damaged due to the lack of refrigeration. It is estimated that 90% of Southeast Asia’s food waste is created during transport.
  • Rising income levels in ASEAN countries and lifestyle changes are key factors for the growth of meat consumption and production in these regions, Indonesia and Vietnam are mainly driving the growth. The ASEAN pharmaceutical industry has a market cap of USD 148.3 billion over the projected years. Most of the drugs are temperature sensitive and need to be transported to the last mile, especially the transportation of the COVID vaccine.

ASEAN Cold Chain Logistics Industry Segments

Cold chain refers to temperature-controlled logistics procedures. A complete background analysis of the ASEAN Cold Chain Logistics Market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and geographical trends, and COVID-19 impact is included in the report.

The ASEAN cold chain logistics market is segmented by service (storage, transportation, and value-added services), by temperature (ambient, chilled, and frozen), by application (horticulture, dairy products, meats and fish, processed food products, pharma, life sciences, and chemicals, and other applications), and by geography (Singapore, Thailand, Vietnam, Indonesia, Malaysia, Philippines and Rest of ASEAN). The report offers market size and forecasts for the ASEAN Cold Chain Logistics Market in value (USD billion) for all the above segments.

By Service
Value-added Services (Blast Freezing, Labeling, Inventory Management, etc.)
By Temperature
By Application
Horticulture (Fresh Fruits and Vegetables)
Dairy Products (Milk, Ice-cream, Butter, etc.)
Meats and Fish
Processed Food Products
Pharma, Life Sciences, and Chemicals
Other Applications
By Geography
Rest of ASEAN

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ASEAN Cold Chain Logistics Market Trends

Halal Food Industry is offering traction to the market

In recent years, global brands have begun to focus on the Muslim economy to capitalize on rising purchasing power and shifting consumer spending priorities. Around 260 million Muslims live in the ASEAN region, most of whom live in Indonesia, Malaysia, Thailand, the Philippines, Singapore, Myanmar, and Brunei. The number of halal lifestyle events and campaigns held across the region in the last decade stimulates interest in Islamic travel, foods, fashion, and cosmetics.

SPC Group, a major South Korean food company, intends to grow into Malaysia to capture a portion of the USD 2 trillion worldwide halal food industry. In Johor, a Malaysian state bordering Singapore, SPC Group announced plans to invest 40 billion won (about USD 30 million) in the construction of a halal-certified factory. According to South Korean media, the facility will have a route to send goods throughout Southeast Asia and into the Middle East thanks to the location's ports.

Since most halal food is meat products, they needed to be stored in cold chain warehouses that are Halal certified by the respective Governments. In recent times, several policies aimed at developing the halal industry have been demonstrated by the government, including the establishment of a Special Economic Zone (KEK) for the industry.

In addition, the collaboration between the National Committee for Sharia Economics and Finance (KNEKS) and companies such as Unilever Indonesia is expected to boost the country's halal industry. The Malaysian government is also making many advancements to become a global market leader in the halal market. The halal industry's master plan and halal park are the recent advancements made by the government.​ All these halal initiatives are driving the cold chain Logistics in ASEAN countries.

ASEAN Cold Chain Logistics Market - Halal Industry Exports

Increase in Meat Consumption Propelling Cold Chain Logistics in ASEAN Countries

Southeast Asia’s expanding population and increasing incomes, urbanization, and retail sectors are contributing to rising meat consumption and growing imports of feedstuffs. The five key emerging markets within the region are Indonesia, Malaysia, the Philippines, Thailand, and Vietnam. In recent years, meat consumption also increased, although fish and seafood are the largest meat sources consumed and produced—and are partially responsible for feedstuffs demand. Every Southeast Asian country has different meat preferences, as reflected by their levels of consumption and production.

Malaysia has a sizable production apparatus in the poultry sector, which has the best production values among these Southeast Asian nations. With a 50 kg/per capita yearly consumption of poultry meat, this nation is self-sufficient in both supply and demand. The world's greatest producer of poultry exports, as well as a significant consumer, is Thailand, which, according to statistics from 2020, consumes 8 kg of poultry annually per inhabitant. By the end of 2021, reports from international agencies predicted that beef output will increase. The production of beef would rise to 58 million metric tons this year, an increase of 1% from 2021. However, meat consumption would rise.

Vietnam and the Philippines are the next two biggest pork consumers in the region, with annual per capita consumption of 25 kg and 14.9 kg, respectively. As all these meat products are perishable and have to be delivered in retail outlets and some as frozen packed foods, there is a huge surge in Cold chain Logistics in the ASEAN region.

ASEAN Cold Chain Logistics Market - Revenue from meat

ASEAN Cold Chain Logistics Market Competitor Analysis

The ASEAN cold chain logistics market’s landscape is fragmented in nature with a mix of global and local players. Small- and medium-sized local players still serve the market with small fleets and storage spaces. Some of the countries, like Singapore, have a strong presence of global players, like DHL and Nippon Express. Additionally, global players are investing in the market and acquiring local companies to increase their footprint in the region.

 Furthermore, Japanese logistics companies strengthen their activities in the ASEAN region by setting up bases of land transportation in ASEAN countries for each country within the manufacturing and distribution industries, thereby pushing the construction of a supply chain. The companies are also involved in developing the cold chain and actively investing in logistics related to fruits and vegetables, flowers, cosmetics, and consumer goods.

ASEAN Cold Chain Logistics Market Top Players

  1. Nippon Express

  2. United Parcel Service of America

  3. Deutsche Post DHL

  4. Yamato Transport Co. Ltd

  5. DSV Agility Logistics

*Disclaimer: Major Players sorted in no particular order

ASEAN Cold Chain Logistics Market Concentration

ASEAN Cold Chain Logistics Market Recent Developments

  • September 2022: Toyota Tsusho (Thailand), a trading firm connected to the Toyota Group, and DENSO Sales (Thailand) have joined forces to improve the quality of the cold chain ecosystem in Thailand. DENSO Sales is a global manufacturer and distributor of automotive parts. In order to create a sustainable and livable society, the three partners in this cooperation are working to develop and advance Thai cold chain ecosystem technologies.
  • April 2022: China's Guangdong-Hong Kong-Macao Greater Bay Area inaugurated the first international cold chain train between China, Laos, and Thailand in order to create a new global logistical route. 

ASEAN Cold Chain Logistics Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Market


    1. 2.1 Analysis Methodology

    2. 2.2 Research Phases



    1. 4.1 Current Market Scenario

    2. 4.2 Market Dynamics

      1. 4.2.1 Drivers

      2. 4.2.2 Restraints

      3. 4.2.3 Opportunities

    3. 4.3 Technological Trends and Automation in Cold Storage Facilities

    4. 4.4 Government Regulations and Initiatives

    5. 4.5 Review and Commentary on Role of Japan in the ASEAN Cold Chain Industry

    6. 4.6 Insights into Industry Value Chain

    7. 4.7 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.7.1 Threat of New Entrants

      2. 4.7.2 Bargaining Power of Buyers/Consumers

      3. 4.7.3 Bargaining Power of Suppliers

      4. 4.7.4 Threat of Substitute Products

      5. 4.7.5 Intensity of Competitive Rivalry

    8. 4.8 Impact of Emission Standards and Regulations in the Cold Chain Industry

    9. 4.9 Insights into Refrigerants and Packaging Materials Used in Refrigerated Warehouses

    10. 4.10 Insights into Halal Standards and Certifications in Indonesia and Malaysia

    11. 4.11 Insights into Ambient/Temperature-controlled Storage

    12. 4.12 Impact of COVID–19 on the Market


    1. 5.1 By Service

      1. 5.1.1 Storage

      2. 5.1.2 Transportation

      3. 5.1.3 Value-added Services (Blast Freezing, Labeling, Inventory Management, etc.)

    2. 5.2 By Temperature

      1. 5.2.1 Ambient

      2. 5.2.2 Chilled

      3. 5.2.3 Frozen

    3. 5.3 By Application

      1. 5.3.1 Horticulture (Fresh Fruits and Vegetables)

      2. 5.3.2 Dairy Products (Milk, Ice-cream, Butter, etc.)

      3. 5.3.3 Meats and Fish

      4. 5.3.4 Processed Food Products

      5. 5.3.5 Pharma, Life Sciences, and Chemicals

      6. 5.3.6 Other Applications

    4. 5.4 By Geography

      1. 5.4.1 Singapore

      2. 5.4.2 Thailand

      3. 5.4.3 Vietnam

      4. 5.4.4 Indonesia

      5. 5.4.5 Malaysia

      6. 5.4.6 Philippines

      7. 5.4.7 Rest of ASEAN


    1. 6.1 Market Concentration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 Nippon Express

      2. 6.2.2 United Parcel Service of America

      3. 6.2.3 Deutsche Post DHL

      4. 6.2.4 Yamato Transport Co. Ltd

      5. 6.2.5 DSV Agility Logistics

      6. 6.2.6 NYK (Yusen Logitics & TASCO)

      7. 6.2.7 Tiong Nam Logistics

      8. 6.2.8 Sinchai Cold Storage

      9. 6.2.9 Jentec Storage Inc.

      10. 6.2.10 JWD Logistics

      11. 6.2.11 KOSPA

      12. 6.2.12 PT. Pluit Cold Storage

      13. 6.2.13 PT. Wahana Cold Storage

      14. 6.2.14 Havi Logistics

      15. 6.2.15 Royal Cargo

      16. 6.2.16 Thai Max Co. Ltd

      17. 6.2.17 MGM Bosco*

    3. *List Not Exhaustive





  9. 9. APPENDIX

    1. 9.1 Annual Statistics on Refrigerated Storage Facilities

    2. 9.2 Import and Export Trade Data of Frozen Food Products

    3. 9.3 Insights into Regulatory Framework on Food Transportation and Storage in Key Countries

    4. 9.4 Insights into the Food and Beverage Sector in Southeast Asia

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ASEAN Cold Chain Logistics Market Research FAQs

The ASEAN Cold Chain Logistics Market is studied from 2019 - 2028.

The ASEAN Cold Chain Logistics Market is growing at a CAGR of >10.6% over the next 5 years.

Nippon Express, United Parcel Service of America, Deutsche Post DHL, Yamato Transport Co. Ltd, DSV Agility Logistics are the major companies operating in ASEAN Cold Chain Logistics Market.

ASEAN Cold Chain Logistics Industry Report

In-depth industry statistics and market share insights of the ASEAN Cold Chain Logistics Market sector for 2020, 2021, and 2022. The ASEAN Cold Chain Logistics Market research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the ASEAN Cold Chain Logistics Market report PDF.

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