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Thailand Cold Chain Logistics Market Size (2024 - 2029)

The Thailand Cold Chain Logistics Market is projected to experience significant growth over the forecast period, driven by the country's strategic position as a global destination and its increasing processed food exports. The Thai government has invested heavily in developing a comprehensive food logistics supply chain, aiming to establish Thailand as a leading food hub. This initiative is reflected in the substantial expansion of cold storage capacity, which is expected to rise markedly. The market's expansion is further supported by the growing demand for dairy products, pharmaceuticals, and meat exports, highlighting the critical role of cold chain logistics in maintaining product integrity and quality.

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Market Size of Thailand Cold Chain Logistics Industry

Thailand Cold Chain Logistics Market Summary
Study Period 2024-2029
Base Year For Estimation 2023
Market Size (2024) USD 1.12 Billion
Market Size (2029) USD 1.78 Billion
CAGR (2024 - 2029) 8.03 %
Market Concentration Low

Major Players

Thailand Cold Chain Logistics Market Major Players

*Disclaimer: Major Players sorted in no particular order

Thailand Cold Chain Logistics Market Analysis

The Thailand Cold Chain Logistics Market size is estimated at USD 1.12 billion in 2024, and is expected to reach USD 1.78 billion by 2029, growing at a CAGR of 8.03% during the forecast period (2024-2029).

  • Thailand is a popular destination worldwide, with a growth in processed food exports throughout the projected period. The government of Thailand has made considerable investment in creating a whole supply chain for food logistics to realize its aim of making Thailand the world's kitchen.
  • The government's attention is seen in the booming cold storage capacity, which will rise significantly during the forecasted period.
  • In 2022, the export value of chicken meat and products from Thailand amounted to approximately 142 billion Thai baht (USD 41.2 Billion). This reflects a significant increase in export value from around 103 billion Thai baht (USD 2.98 Billion) in the previous year.
  • In 2022, the export value of fresh, chilled, or frozen duck meat from Thailand amounted to approximately 955 million Thai baht (USD 27.7 Billion). This reflects a significant increase in export value from around 541 million Thai baht (USD 15.7 Billion) in the previous year.
  • In 2022, the import value of dairy products (excluding cheese) in Thailand amounted to over 1.4 billion U.S. dollars. The imports of such products grew by 17.5 percent from the previous year, which amounted to around 1.2 billion U.S. dollars.
  • With the available resources, pharmaceutical production in Thailand generated more than 72.5 billion Thai baht (USD 21.05 Billion) worth of pharmaceuticals in the country in recent years. In terms of distribution, there were around 14 thousand pharmacies in the country, excluding public hospitals. These pharmacies were one of the main types of distribution channels for pharmaceuticals.
  • In May 2023, Thailand exported around 138 metric tons of pharmaceutical solutions, which was the highest export volume among other types of pharmaceutical products. In that year, the production volume of pharmaceutical solutions in the country amounted to around 1.5 thousand tons.

Thailand Cold Chain Logistics Industry Segmentation

Cold chain logistics is the technology and process that safely transports temperature-sensitive goods and products along the supply chain. It relies heavily on science to evaluate and accommodate the link between temperature and perishability.

A comprehensive background analysis of the Thailand cold chain logistics market covers the current market trends, restraints, technological updates, and detailed information on various segments and the industry's competitive landscape. The report also covers the impact of COVID-19 on the market.

The Thailand cold chain logistics market is segmented by service (storage, transportation, and value-added services), temperature type (chilled and frozen), and application (fruits and vegetables, dairy products, fish, meat and poultry, processed food, pharmaceuticals, bakery, and confectionary and other applications). The report offers market size and forecasts in values (USD) for all the above segments.

Service
Storage
Transportation
Value-added Services
Temperature
Chilled
Frozen
Application
Fruits and Vegetables
Dairy Products
Fish, Meat, and Poultry
Processed Food
Pharmaceuticals
Bakery and Confectionery
Other Applications
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Thailand Cold Chain Logistics Market Size Summary

The Thailand cold chain logistics market is poised for significant growth, driven by the country's strategic position as a major exporter of processed foods and its ambition to become a global food hub. The government's substantial investments in food logistics infrastructure, including cold storage facilities, are pivotal in supporting this growth trajectory. The increasing export value of poultry and dairy products underscores the expanding demand for efficient cold chain solutions. Additionally, the pharmaceutical sector's robust development, supported by public-private partnerships and favorable government policies, further bolsters the need for advanced logistics capabilities to ensure the safe and timely distribution of temperature-sensitive products.

The competitive landscape of Thailand's cold chain logistics market is characterized by a mix of local and international players who are leveraging advanced technologies to enhance operational efficiency and maintain product integrity. Despite challenges such as high operating costs and infrastructural limitations, companies like JWD Logistics and Yokrei Cold Storage are actively expanding their capabilities. Recent developments, such as the construction of new logistics warehouses by Sumisho Global Logistics and Kawasaki Kisen Kaisha, highlight the industry's commitment to meeting the growing demands of e-commerce and other sectors. These advancements are expected to support the market's expansion, aligning with Thailand's broader economic goals.

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Thailand Cold Chain Logistics Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Current Market Scenario

    2. 1.2 Market Dynamics

      1. 1.2.1 Drivers

        1. 1.2.1.1 Growth in Urban Population

        2. 1.2.1.2 Rising Processed Food Products

      2. 1.2.2 Restraints

        1. 1.2.2.1 Equipment Breakdown

      3. 1.2.3 Opportunities

        1. 1.2.3.1 Increase in number of refrigerated warehouses

    3. 1.3 Technological Trends and Automation

    4. 1.4 Government Regulations and Initiatives

    5. 1.5 Industry Value Chain/Supply Chain Analysis

    6. 1.6 Spotlight on Ambient/Temperature-controlled Storage

    7. 1.7 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.7.1 Threat of New Entrants

      2. 1.7.2 Bargaining Power of Buyers/Consumers

      3. 1.7.3 Bargaining Power of Suppliers

      4. 1.7.4 Threat of Substitute Products

      5. 1.7.5 Intensity of Competitive Rivalry

    8. 1.8 Impact of Emission Standards and Regulations on Cold Chain Industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Service

      1. 2.1.1 Storage

      2. 2.1.2 Transportation

      3. 2.1.3 Value-added Services

    2. 2.2 Temperature

      1. 2.2.1 Chilled

      2. 2.2.2 Frozen

    3. 2.3 Application

      1. 2.3.1 Fruits and Vegetables

      2. 2.3.2 Dairy Products

      3. 2.3.3 Fish, Meat, and Poultry

      4. 2.3.4 Processed Food

      5. 2.3.5 Pharmaceuticals

      6. 2.3.6 Bakery and Confectionery

      7. 2.3.7 Other Applications

Thailand Cold Chain Logistics Market Size FAQs

The Thailand Cold Chain Logistics Market size is expected to reach USD 1.12 billion in 2024 and grow at a CAGR of 8.03% to reach USD 1.78 billion by 2029.

In 2024, the Thailand Cold Chain Logistics Market size is expected to reach USD 1.12 billion.

Thailand Cold Chain Logistics Market Report Snapshots

Thailand Cold Chain Logistics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)