ASEAN Cold Chain Logistics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The ASEAN Cold Chain Logistics Market is segmented by Service (Storage, Transportation, and Value-added Services), Temperature Type (Chilled and Frozen), Application (Fruits and Vegetables, Dairy Products (Milk, Butter, Cheese, Ice Cream, etc.), Fish, Meat, and Seafood, Processed Food, Pharmaceuticals (Include Biopharma), Bakery and Confectionery, and Other Applications), and Geography (Singapore, Thailand, Vietnam, Indonesia, Malaysia, the Philippines, and Rest of ASEAN).

Market Snapshot

cold chain logistics market
Study Period: 2016 - 2026
Base Year: 2021
CAGR: >12 %

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Market Overview

The growing urban population and changing consumer perception have boosted the demand for refrigerated storage and transport. 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 ton 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 ton and 88,148 metric ton, 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.

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. Foreign investors are now able to own 100% of partnerships, a figure that was previously 75%. It has also transformed the market with a lasting impact on the future. Modernization in the logistics sector has supported the growth of the refrigerated logistics market.

Scope of the Report

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, is included in the report. The ASEAN cold chain logistics market is segmented by service (storage, transportation, and value-added services), temperature type (chilled and frozen), application (fruits and vegetables, dairy products (milk, butter, cheese, ice cream, etc.), fish, meat, and seafood, processed food, pharmaceuticals (include biopharma), bakery and confectionery, and other applications), and geography (Singapore, Thailand, Vietnam, Indonesia, Malaysia, the Philippines, and Rest of ASEAN). The report also covers the impact of COVID-19 on the market.

By Service
Value-added Services (Blast Freezing, Labeling, Inventory Management, etc.)
By Temperature
By Application
Fruits and Vegetables
Dairy Products (Milk, Butter, Cheese, Ice Cream, etc.)
Fish, Meat, and Poultry
Processed Food
Pharmaceutical (Include Biopharma)
Bakery and Confectionery
Other Applications
By Geography
Rest of ASEAN

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Key Market Trends

The Halal Food Industry is Driving the Growth of 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, the majority 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.

Amid the economic crises due to the pandemic, Indonesia, the world's most populous Muslim-majority country, is focusing on developing its halal industry to meet domestic and global demand. Despite the pressure on economies around the world caused by the COVID-19 pandemic, the halal industry has been able to post positive results. Before the pandemic, the industry grew at a rate of 3.2% in 2019, which was higher than the global economy's 2.3% growth. The halal industry of Malaysia is growing rapidly, and, in 2020, this industry contributed around 8% to the country's GDP. According to Halal Industry Development Corporation (HIDC), Malaysia’s halal industry market value is expected to reach USD 147.4 billion by the end of 2025. In 2020, the country exported about MYR 38 billion worth of halal products. Singapore's halal dining scene market has been thriving in recent years, with more food and beverage (F&B) outlets opening and more halal certifications issued. In 2019, the halal dining market in Singapore was expected to be worth USD 1 billion, with local Muslim spending of USD 700 million. 

Several policies aimed at developing the halal industry have been demonstrated by the government in recent times, 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.​


Spotlight on the Philippine Cold Chain Industry

In the Philippines, there is an ongoing shift in consumer habits to buy fresh and frozen produce from supermarkets than from traditional wet markets. Besides the internal demand, external demand is also driving the explosion in cold chain storage facilities and logistics. The Philippine's agricultural exports have increased dramatically in recent years. The Philippines has also witnessed a shift in consumer behavior to buy fresh products. Additionally, the growth of online grocery and e-commerce has bolstered the growth of cold storage facilities and infrastructure support. The US-supported Philippines Cold Chain Project (PCCP) is also expected to play an important role in enhancing the Southeast country’s cold chain logistics facilities and infrastructure. The project aims to increase agricultural production, which meets international food safety requirements by developing cold chain-related markets and improved technologies. Additionally, the country’s agricultural products get a boost, with China signing a USD 1 billion agreement for imports. The investments indicate the need for a temperature-controlled environment for integrating supply chains and creating value addition to customers. The Philippines is also dependent on tourism for its food industry, which the pandemic has hampered.


Competitive Landscape

The cold chain logistics market landscape of the ASEAN region is fragmented in nature with a mix of global and local players. The market is still served by small- and medium-sized local players 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. For instance, Tasco, a subsidiary of Yusen Logistics, acquired two major cold chain service providers in Malaysia. To compete with global players, local enterprises are also investing in cold chain infrastructure to meet the standards. Furthermore, logistics companies in Japan strengthen their activities in ASEAN 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 invest in logistics related to fruits and vegetables, flowers, cosmetics, and consumer goods.

Recent Developments

April 2021: As a global aviation hub, Singapore aimed to help the SEA region achieve the vaccine distribution goal by ramping up its cold chain capacity at Changi Airport to become a center for COVID-19 vaccine distribution for Southeast Asia. UPS plans to support the country’s ambitions by deploying ultra-low temperature freezer farms at its dedicated healthcare logistics facility located in Singapore. The freezers in these farms reach temperatures of up to -80 degrees Celsius and are identical to those currently used by the parcel company in its global facilities for COVID-19 vaccine storage.

November 2020: Zuellig Pharma, one of the leading healthcare services providers in Asia, announced that it would significantly expand its cold storage warehouse capacity in key regional markets over the next 12 months. As the largest vaccine and cold chain pharmaceutical distributor in Asia, excluding China and Japan, the move comes as the company prepares for the anticipated storage and distribution demands of COVID-19 vaccines in Southeast Asia. In Cambodia, the construction of a new USD 6 million 6,300 square meter warehouse is currently underway and is expected to be fully operational by the third quarter of 2021. In the Philippines, the company already has the capacity to store products at -20 degrees Celsius, and it will add ten medical-grade freezers to augment its existing capacity in -80 degrees Celsius storage.

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


      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

    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 Chilled

      2. 5.2.2 Frozen

    3. 5.3 By Application

      1. 5.3.1 Fruits and Vegetables

      2. 5.3.2 Dairy Products (Milk, Butter, Cheese, Ice Cream, etc.)

      3. 5.3.3 Fish, Meat, and Poultry

      4. 5.3.4 Processed Food

      5. 5.3.5 Pharmaceutical (Include Biopharma)

      6. 5.3.6 Bakery and Confectionery

      7. 5.3.7 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 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 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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Frequently Asked Questions

The ASEAN Cold Chain Logistics Market market is studied from 2016 - 2026.

The ASEAN Cold Chain Logistics Market is growing at a CAGR of >12% over the next 5 years.

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

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