London, 22 January 2015 – The Cold Chain Market in China is expected to grow at a CAGR of 24.18 percent from 2014-2019, thanks to the developing market for chilled and frozen food in the country, says research firm TechNavio.
About the Report
The growing demand for convenience foods is propelling the demand for frozen food in China. Consumers are increasingly showing interest in frozen food with functional benefits that also contribute to their health and well-being, which is boosting demand for cold storage systems in China.
“Cold chain service providers are focusing on improving the technology used in cold storage and streamlining supply chain efficiency to deliver high-quality food to the end-users,” says Faisal Ghaus, Vice President of TechNavio.
The latest report by TechNavio focuses on the rising number of mergers and acquisitions that have reshaped the market in recent years. Vendors are constantly opting for the M&A route to strengthen their global presence and expand their product portfolios. They are making constant efforts to achieve economies of scale in various supply chain management (SCM) processes.
“Companies from different regions are joining forced so as to establish a global presence because only vendors with a global presence will be able to deliver the services at all points along the SCM,” says Ghaus.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Growth in Chilled and Frozen Food Market
- For a full detailed list, view our report.
Market Challenges:
- High Real Estate and Energy Costs
- For a full detailed list, view our report.
Market Trends:
- Increase in M&A
- For a full detailed list, view our report.
Key Vendors:
- China Merchants Americold
- S.F. Express
Other Prominent Vendors:
- Guizhou Zhiji Logistics
- ITOCHU LOGISTICS
- Swire
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
