Opportunities in Cold Storage Business in Thailand - Ken Research

Rising Domestic Consumption of Meat:  The leading meat products consumed in the country are chicken and pork based in 2021 but beef consumption has risen 25% during the past five years. Thailand is the world's fourth-largest poultry exporter, with around 80% of the poultry produced by vertically integrated farms. The per capita chicken consumption in Thailand increased to an average of 25 Kg per year in 2021, up from 12 kg per year in 2010.

Growth of Retail, Frozen Food, E-Commerce Industry: Fast paced lifestyle and rise in per capita income in the Thailand has increased the demand for frozen ready-to-cook food. Thailand is the home of top e-commerce retails of Southeast Asian region like Shoppe, Lazada, JIB etc. The major retail players like Tesco Lotus, 7-Eleven, Tops Super Market, Big C have expanded their geographical presence in the country.

Growing Real Estate Cost: Even though, there is shortage of cold storage space in Thailand, providing growth opportunities, many cold storage companies are not able to open new warehouses or increase existing capacity due to very high investment requirement. Due to the cluster of warehouses already located in Samut Prakan region and its proximity to Bangkok city, there is significant price hike for land and property causing a hindrance in buying land for further expansion. The region witnessed 12% YoYprice increase in year 2021.

Growth in Thailand Cold Chain Market: The major growth supporting factors in Thailand cold chain market was the growing export of seafood, fruits and vegetables requiring cold storage and transportation facilities to remain fresh and healthy. The market for lamb meat, chicken and sea food has the highest revenue share from the frozen temperature market followed by fruits and vegetables requiring a chilled temperature range.

Analysts at Ken Research in their latest publication- “Thailand Cold Chain Market Outlook to 2026F - Driven by Rising Import-Export Trade Volume and Domestic Consumption of  Meat, Seafood and Popularity of Ready to Eat Frozen Processed Food” by Ken Research provides a comprehensive analysis of the potential of Cold Chain Industry in Thailand. With the rising demand for meat and other cold storage items among the population, along with Government initiatives to better roads, ports and transportation facilities, the Cold Chain market has shown significant growth during the current period.

Key Segments Covered

Thailand Cold Chain Market

By Revenue Split:Cold TransportCold StorageBy End User:Meat and SeafoodDairy ProductsProcessed Frozen FoodsVaccination and PharmaceuticalsFruits and VegetablesBy Ownership:3PL Cold Chain FacilitiesOwned

Thailand Cold Transport Market

By Truck TypeReefer Vans/Trucks (1 to 10 Tons)20 foot reefers (10 - 20 Tons)40 foot reefers and others (more than 20 tons)By Mode of TransportationLandSeaAirBy Location DomesticInternationalBy VicinityInter-cityIntra-cityBy End UserMeat and SeafoodDairy ProductsVaccination and PharmaceuticalsProcessed Frozen FoodsFruits, Vegetables and others

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Thailand Cold Storage Market

By Temperature range (by number of pallets)FrozenChillersAmbientBy Automation (by pallets)Automated PalletsNon-automated PalletsBy End UserMeat and SeafoodDairy ProductsVaccination and PharmaceuticalsProcessed Frozen FoodsFruits, Vegetables and othersBy RegionBangkok (Including Samut Prakan and Samut Sakhon)ChonburiChiangMaiOthers

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Key Target Audience

Cold Storage CompaniesCold Chain CompaniesCold Transport CompaniesCaptive Cold Storage CompaniesCaptive Cold Chain CompaniesLogistics CompaniesNon-captive CompaniesCold Chain AssociationsLogistics AssociationsPrivate Equity FirmsVenture Capitalists

Time Period Captured in the Report:

Historical Year: 2016-2021Base Year: 2021Forecast Period: 2022P– 2026F

Companies Covered:

JWD InfologisticsThai Yokorei co LtdSinchai Cold StorageKonoike Cool Logistics (Thailand)Bangkok Cold Storage Service ltd.CTD Cold StorageThaimax Cold StorageSCG Nicherei LogisticsLucky StarMon LogisticsMobile LogisticsPiti Cold StorageInterexpressKerry Cool LogisticsChomthana

Key Topics Covered in the Report

Thailand Cold Chain Market OverviewThailand Market OverviewEcosystem of Thailand Cold Chain MarketBusiness Cycle and Genesis of Thailand Cold Chain MarketEnd User Analysis of Thailand Cold Chain MarketFlowchart of Thailand Cold Chain MarketIndustry Analysis of Thailand Cold Chain MarketSWOT Analysis of Thailand Cold Chain MarketMajor Challenges and Bottlenecks in Thailand Cold Chain MarketRegulatory Framework in Thailand Cold Chain MarketCompetitive Landscape in in Thailand Cold Chain MarketMarket Share of Major Cold Storage Services in Thailand Cold Chain MarketDetailed Analysis on Thailand Cold Chain Market (Market Size and Segmentation, 2016-2022; Future Market Size and Segmentation, 2022-2027F)Market Opportunity and Analyst Recommendations

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