Indonesia Cold Chain Market: Record a CAGR of 10.8% During 2024-32
As per the research report by Report Cube, the Indonesia Cold Chain Market is estimated to grow at a CAGR of about 10.8% during the forecast period, 2024-32.
A cold storage facility's requirement could be assessed by looking at how much meat, fruit, vegetables, frozen potatoes, fish, shrimp, and other foods are consumed. The main products exported by Indonesia's cold chain sector are perishables, such as fish, pork, and various other frozen vegetables. The pharmaceutical business has also been stimulated by the extension of Indonesia's cold chain. A sharp increase in online orders for chilled delivery and amplified seafood production in 2023 was observed to be driving up the number of cold storage installations for the fishing industry.
Furthermore, there is a mounting need for trustworthy infrastructure with cold storage facilities & connectivity because it is still challenging to deliver food from farmers to consumers. As a result, there are now chances for enterprises to join forces on the construction of cold chain facilities to enhance the supply chain and lower the risks associated with large-scale food imports. Additionally, it is estimated that cooperative efforts & strategic alliances in cold storage and distribution networks would escalate the robustness & effectiveness of food supply chains. Furthermore, it is critical to pay attention to policies and their implementation, since numerous establishments in the industry are advocating for more detailed rules that strike a balance between environmental preservation and practicality.
Moreover, the country is one of the most seafood-dependent nations and is noted to consume about 40 kg of fish per person annually. The e-commerce sector is led by requirements such as frozen seafood, groceries, etc., implying that these are the major growth drivers for the Indonesia Cold Chain Market. Moreover, meat, prepared foods, seafood, and fish are in great demand in the landscape of Indonesia. Frozen Meat has the largest marketplace due to its highly nutritious content. Also, the frozen fish & seafood industry is foretold to expand sluggishly over the predictable years, despite large imports of fish from neighboring countries.
Besides, technological progressions are bringing in trends. Real-time tracking, Internet of Things-enabled temperature monitoring, and sophisticated refrigeration methods are fully changing Indonesia's cold chain storage environment. Moreover, due to growing awareness of the need to restrict or minimize food waste, market players are being forced to invest in efficient cold chains. Hence, due to the transition to a more robust food storage system, it is therefore anticipated that the Indonesia Cold Chin Market would expand throughout the projection years, further states the research study, Indonesia Cold Chain Market Analysis, 2024.
Analyzing the Indonesia Cold Chain Market Segmentation
Meat & Seafood Industry to Hold the Lion’s Share of the Indonesia Cold Chain Market
By end user, the Indonesia Cold Chain Market is bifurcated into: Meat & Seafood, Vaccination & Pharmaceuticals, Processed Frozen Food, Dairy Products, and Fruits, Vegetables, and Others.
Among all the end users, the Meat & Seafood sector to uphold a considerable share of the Indonesia Cold Chain Market during 2024-32 due to the great consumption rate & existence of coastal ranges across the nation. Effective cold chain systems are required to ensure that meat & seafood, which are a staple in the Indonesian diet, are fresh from the day of production to the day of consumption.
Seafood is majorly exported to regions such as North America, Asia, and Europe. Further, as seafood must adhere to stringent international standards for safety & freshness, a stable & efficient cold chain is demanded for its export. Thus, it is evident that the meat & seafood industry is essential to strengthening the share of the market in Indonesia.
Indonesia Cold Chain Market Companies Analysis
With the strategic analysis & market study the leading companies, including Agung Cold Storage, Dua Putera Perkasa Pratama, Enseval Putra Megatrading Tbk, Expravert Nasuba, GAC Samudera Cold Chain, Kiat Ananda Cold Storage, Mega Internasional Sejahtera, Mgm Bosco Logistics, Pluit Cold Storage, PT Halal Logistic Multi Terminal Indonesia, PT Perikanan Indonesia, PT. Indomaguro Tunas Unggul, PT. Ruangan Pendingin Indonesia, PT. Tunas Perkasa, Savina Cold Storage, Sukanda Djaya, United Refrigeration, Wahana Cold Storage, Winson Cold Storage, Wira Logitama Saksama.