The Australian cold chain logistics market is expected to show an annual growth rate of about 3% during the forecast period 2020-2025. Australia is one of the largest players in the fields of production and export of perishable goods occupying the largest share of the cold chain logistics market in the country. Japan, the United States and China are some of the biggest importers of these goods. Although, due to the impact of the Corona Virus, the demand from China is expected to be volatile for not more than a short period of time.
Key Market Trends
Demand of Red Meat Driving the Market
Despite the comments and push to go vegan from animal activists, the total global consumption of red meat has been gradually increasing over the past decade, as per the 2019 industry report of the Red Meat Advisory Council (RMAC).
The year 2018-19 surpassed the historical highs for the demand of Australian red meat exports including beef, lamb and mutton. As per the Meat & Livestock Australia (MLA), the global red meat consumption increased at an average rate of 2% per year for sheep meat, 1% for beef, 4% for poultry and 2% for pork. While the global demand is increasing, Australia itself is one of the world's largest per capita consumers of red meat with more than 27 kg consumed per capita in 2018.
The export, storage and transportation of these products are fuelling the demands for high standards of cold chain facilities in the Australian logistics market.
Increasing Population of Australia
Australia’s population grew by 1.18% in the year 2019, with the population growth forecast to be the strongest among all the developed countries globally. As per the projections made by the IMF’s World Economic Outlook, Australia’s population is forecasted to grow by 14% from 2018 to 2023.
Supermarkets and retail shops will continue to exhibit healthy growth, in-line with the population. This growth in population will accelerate the demand for food boosting the need for refrigerated logistics facilities.
Additionally, there has been an expansive shift towards spending at restaurants, increasing the prospects to sell consumables to the food services industry. An ageing population along with a growing younger working population is expected to considerably boost the number of online grocery shoppers over the forecast period (2020-2025). Considering this growth, manufacturers, retailers and wholesalers are increasingly outsourcing their warehousing activities to third-party service providers, boosting demand for refrigerated logistics and distribution services.
The Australian cold chain logistics market is a fragmented market, which consists of a large number of local players to cater to the growing demand. Some of the major players in the market include Americold, OOCL, Kerry Logistics and Newcold Advanced Cold Logistics.
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Table of Contents
1.2 Study Assumptions
1.3 Scope of the Study
2.2 Research Phases
4.2 Market Dynamics
4.3 Technological Trends and Automation
4.4 Government Regulations and Initiatives
4.5 Industry Value Chain/Supply Chain Analysis
4.6 Spotlight on Ambient/Temperature-controlled Storage
4.7 Industry Attractiveness - Porter's Five Forces Analysis
4.8 Impact of Emission Standards and Regulations on Cold Chain Industry
4.9 Impact of COVID-19 on the Market
5.1.3 Value-added Services (Blast Freezing, Labeling, Inventory Management, etc.)
5.2 By Temperature Type
5.3 By Application
5.3.1 Horticulture (Fresh Fruits & Vegetables)
5.3.2 Dairy Products (Milk, Ice-cream, Butter, etc.)
5.3.3 Meats, Fish, Poultry
5.3.4 Processed Food Products
5.3.5 Pharma, Life Sciences, and Chemicals
5.3.6 Other Applications
6.2 Company Profiles
6.2.1 Americold Logistics
6.2.2 Karras Cold Logistics
6.2.3 Kerry Logistics
6.2.4 NewCold Advanced Cold Logistics
6.2.5 Orient Overseas Container Line Limited.
6.2.6 Emergent Cold Chain
6.2.7 MFR Cool Logistics
6.2.8 AGRO Merchants Group, LLC
6.2.9 Lineage Logistics
6.2.10 Swire Cold Storage