From 2023 to 2028, the Japan cold chain market will expand at a CAGR of 3.9%
According to a research report "Japan Cold Chain Market by Type (Refrigerated Warehouse and Transportation), Temperature Type (Chilled and Frozen), Application (Dairy & Frozen Desserts, Fish, Meat & Seafood, Fruits & Vegetables, Bakery & Confectionery) and Region - Global Forecast to 2028", published by MarketsandMarkets, Japan Cold Chain Market to Grow at a CAGR 3.9% from 2023 to 2028.
Technology breakthroughs to propel the market growth
The development of advanced cold chain technologies by companies in Japan using their research and development (R&D) capabilities has a significant impact on the cold chain market in the country. These advancements enhance the overall efficiency, reliability, and safety of the cold chain infrastructure, leading to improved preservation and transportation of temperature-sensitive goods. By investing in R&D, companies in Japan can innovate and create cutting-edge technologies specifically tailored to the cold chain industry.
These technologies encompass various aspects, such as temperature monitoring and control systems, real-time data tracking, automated processes, and energy-efficient solutions. The application of advanced technologies helps optimize cold chain operations, ensuring that products remain within the required temperature range throughout the supply chain. The development of advanced cold chain technologies enables more precise temperature control, reducing the risk of product spoilage and maintaining the quality and safety of perishable goods. This is particularly crucial for sensitive products like pharmaceuticals, vaccines, fresh produce, and seafood, which require specific temperature conditions to preserve their efficacy and freshness.
According to national statistics cited by CNN, frozen food sales increased by 20% between 2019 and 2021. The surge in frozen food sales in Japan, as highlighted in national statistics referenced by CNN, has positively impacted the cold chain market within the country. This increased demand for frozen food has necessitated the development of efficient and dependable cold chain logistics and infrastructure to ensure the preservation of product quality and safety. The growth in frozen food consumption reflects evolving consumer preferences and lifestyles in Japan, driven by factors such as convenience, extended shelf life, and a desire for diverse food options throughout the year. The COVID-19 pandemic has further contributed to this trend, with more individuals opting for frozen foods as a means of stockpiling and reducing grocery store visits. In response to the escalating demand for frozen food, the cold chain market in Japan has undergone adaptations and expansions. The cold chain encompasses an integrated process involving the storage, transportation, and distribution of temperature-sensitive goods while maintaining optimal temperature conditions. This includes specialized refrigerated storage facilities, refrigerated transportation vehicles, and advanced temperature control technologies.
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Cold Chain Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
