Japan Cold Chain Logistics Market
Japan Cold Chain Logistics Market Expands at 5.6% CAGR to Touch USD 27 Billion by 2030
Published | 06 November 2024
Japan Cold Chain Logistics Market is flourishing because of the rising consumer demand for fresh food and growing elderly population propelling the demand for convenient food products.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Japan Cold Chain Logistics Market size at USD 20.76 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Japan Cold Chain Logistics Market size to expand at a CAGR of 5.60% reaching a value of USD 27 billion by 2030. Major growth factors for Japan Cold Chain Logistics Market include the popularity of convenient and packaged food. Japanese convenience stores, known as konbini, provide a range of goods made with fresh ingredients and excellent quality, which necessitate effective cold chain logistics. Furthermore, it is projected that the growing e-commerce sector and the existence of structured retail store chains will propel Japan Cold Chain Logistics Market over the forecast period.
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Opportunity - Technological Advancements in Cold Chain Logistics
The rising integration of advanced technologies, including artificial intelligence (AI), the Internet of Things (IoT), and blockchain, is anticipated to significantly drive the growth of Japan Cold Chain Logistics Market during the forecast period. Advanced technologies could help improve the efficiency and safety of cold chain operations by automating various functions, such as temperature control and reducing spoilage. In addition, developments and investments in automated refrigerated warehouses and electric vehicles in cold chain logistics for sustainable operations and reducing the carbon footprint are anticipated to drive Japan Cold Chain Logistics Market over the period in analysis.
Impact of Escalating Geopolitical Tensions on Japan Cold Chain Logistics Market
Intensifying geopolitical tensions in several parts of the world, such as Russia-Ukraine war and in the Middle East, could disrupt the growth of Japan Cold Chain Logistics Market. Japan imports and exports a wide range of finished goods and raw materials. However, trade restrictions like higher taxes and sanctions are frequently the result of geopolitical conflicts, which contributes to cold chain logistics delays and expensive shipping. Additional costs might have a big impact on the flow of commodities, especially for high-demand items like food items, medications, and medical equipment. Additionally, energy is necessary for cold chain logistics to operate. Higher energy prices can result from tensions in energy-producing countries (such as the Middle East or the Russia-Ukraine war), which can have an impact on transportation costs, especially for temperature-controlled trucks and air freight.
Frozen Segment to Grow at Fastest CAGR During 2024–2030
The frozen segment accounts for the largest share of Japan Cold Chain Logistics Market. Japan provides a large variety of frozen food items, such as sliced beef, natto, takoyaki, fish, and dumplings for its consumers with busy lifestyle. The country leverages rapid freezing technology to increase the shelf life of products, enabling customers to unfreeze them when they are ready to eat. Due to this technique, frozen fruits and fish are becoming increasingly popular in the Japanese market, as they can be consumed year-round, regardless of the season.
Competitive Landscape
The major industry players of Japan Cold Chain Logistics Market include Nippon Express, Yamato Holdings Co. Ltd, Sagawa Express Co. Ltd, Kintetsu World Express (KWE), Itochu Logistics Corp., DHL, Kuehne Nagel, Nichirei Logistics Group, Inc., Sojitz Corporation, and CEVA Logistics. The presence of several companies makes the market intensely competitive.
These companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches, to further enhance their market share.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and Japan Cold Chain Logistics Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Japan Cold Chain Logistics Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2023 |
Base Year – 2023 |
|
Estimated Year – 2024 |
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Forecast Period – 2024–2030 |
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Facts Covered |
Revenue in USD Billion |
Product/ Service Segmentation |
Service Type, Temperature Type, End User |
Key Players |
Nippon Express, Yamato Holdings Co. Ltd, Sagawa Express Co. Ltd, Kintetsu World Express (KWE), Itochu Logistics Corp., DHL, Kuehne Nagel, Nichirei Logistics Group, Inc., Sojitz Corporation, CEVA Logistics |
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Related Report
Publish Date: November 2024
A spurring demand for fresh and convenience food products from the rapidly aging population across the country is expected to boost the growth of Japan Cold Chain Logistics Market during the forecast period between 2024 and 2030.
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