As China’s society has become more affluent over recent years, so consumer demand for a greater variety of food, greater quality food, food with a greater amount of nutrition, and food with a greater variety of taste has also increased significantly. Much of this food is fresh and needs to be transported, processed, stored and distributed in a cold or frozen state and this has led to a continually burgeoning cold chain industry in China.
According to the China Cold Chain Committee and The Intelligence Research Group, the cold chain industry sector in China has enjoyed double digit growth. In 2020, the market size reached RMB415 billion, a year-on-year growth of 22.38%. Considering the future growth momentum, China’s cold chain logistics market is expected to further increase to about RMB897 billion by 2025.