South Korea Cold Chain Industry is Driven by Increasing Import of Fruits and Vegetables along with Higher Ambient Warehousing Demand for Vaccines and Blood Products: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit “Increasing consumption of meat and seafood in the country coupled with rising consumer retail spending and growth of international trade of perishable foods has driven the cold chain market in South Korea” The report titled “South Korea Cold Chain Market Outlook to 2023 – By Cold Storage (Ambient, Chilled and Frozen Warehousing) and Cold Transport (Land, Sea, and Air), By Application (Dairy Products, Fruits and Vegetables, Meat and Seafood, Pharmaceuticals and Others) and By Ownership (Integrated and Third-Party Logistics)” believe that the cold chain market in South Korea will witness a positive CAGR of 13.6% in terms of revenue during the forecasted period 2018-2023E, owing to growth in international trade of perishable foods, technological advancements in refrigerated storage & transport, government support for infrastructure development of the cold chain industry and increasing need for medicines owing to the aging population of South Korea. Increasing Demand for Temperature-Sensitive Products: The increase in demand for perishable food products and rising imports of food items such as meat and seafood, fruits and vegetables due to the rising disposable income and retail spending of the people in the country will necessitate the requirement of cold transport facilities in order to transport goods to the storage warehouses and then finally to the end-users, thus augmenting the growth of cold transport industry in the country. Increasing Number of Organized Retail Stores: Modern retail businesses, such as hypermarkets, grocery supermarkets, convenience stores, and online retailing is consistently growing from the past few years and witnessed a 7.5% annual growth between 2015-2018. Hypermarket chains have been the largest shopping channels, since they provide competitive prices on foods and household products, while also offering private label products. Currently, E-mart, Homeplus, Lotte Mart and Costco Wholesale Korea Ltd are South Korea’s leading hypermarket chains. As the number of women in workplaces is increasing, the demand for processed and frozen foods has also risen, which has positively impacted the cold chain market of South Korea. Rise of E-Commerce: South Korea E-commerce market increased its revenue by 3.9% in 2018 and it was witnessed that food products were the second most purchased item online, solely comprising 15.2% of the total market revenue. As diverse food products are being purchased online in high numbers and frequency, companies feel a much higher need for systematic cold chain logistics operation to serve the customers with the right quality. Moreover, with the increase in the number of single-person households from 3.3 million in 2017 to 5.6 million in 2018; the fresh food e-commerce market has witnessed a strong growth which has impacted positively on the cold chain market in the country. Key Segments Covered:- By Type of Market Cold Storage By Temperature Frozen Chilled Ambient By Region North Central South Cold Transport By Mode of Transport Land Sea Air By Location Domestic International By Mode of Land Transport 40 Footer reefers 20 Footer reefers Others (6, 8, 10 wheelers and more) By Vicinity Inter-city Intra-city By End-User Application Meat and Seafood Fruits and Vegetables Pharmaceuticals/Healthcare Dairy Products Bakery and Confectionary Others By Ownership Owned/Integrated Third-Party Logistics (3PL) Key Target Audience Cold Chain Companies Logistics Companies Private Equity Investors Government Associations Construction Companies Dairy Companies Meat and Seafood Companies Fruits and Vegetable Companies Pharmaceutical Companies Ice-Cream Companies Time Period Captured in the Report:- Historical Period: 2013-2018 Forecast Period: 2018-2023E Companies Covered:- Lotte Logistics CJ Logistics Dongwon Industrial Borim Logistics Dongbu Express Hansol Logistics DB Schenker Daelim Corporation GS Global DHL Ottogi Logistics Service Co., Ltd. Pantos Logistics Key Topics Covered in the Report:- Cold Chain Businesses South Korea South Korea Refrigerated Truck Market South Korea Reefer Truck Market Size South Korea Food and Drink Storage Industry South Korea Lotte Logistics Market Revenue South Korea CJ Logistics Market Analysis Cold Storage Seoul Market Growth South Korea DHL Logistics Competitors Number of warehouses in South Korea Dairy Industry Market Size in South Korea in KRW Billion South Korea Processed Meat and Seafood Market Confectionery Market Size in South Korea For More Information, Refer To Below Link:- South Korea Cold Chain Market Related Reports by Ken Research:- Philippines Cold Chain Market Outlook To 2023 – By Service Mix (Cold Storage Market And Cold Transportation) Indonesia Cold Chain (Cold Transport And Storage) Market Outlook To 2021 – By End Users (Meat And Seafood, Vaccines And Other Pharma Products, Bakery And Confectionary, Fruits And Vegetables And Others) Thailand Cold Chain Market Forecast To 2022 – By Type (Cold Storage And Cold Transport), By 3PL, By Temperature Range, By Region, By International And Domestic Cold Transport And By Modes Of Transport (Ground, Air, And Sea) Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: 3PL Cold Storage Warehouses Market South Korea, Cold Chain Businesses South Korea, Cold Chain Industry South Korea, Cold Chain Market South Korea Growth Rate, Cold Storage Incheon Market Revenue Analysis, Cold Storage Seoul Market Growth, Cold Storage Warehouses South Korea, Cold Transport Market South Korea, Confectionery Market Size in South Korea, Dairy Industry Market Size in South Korea in KRW Billion, Dairy Products Storage Market South Korea, Domestic Cold Storage Market South korea, Domestic Cold Transportation South Korea, Fruits and Vegetables Storage Market South Korea, Integrated Cold Storage Market South Korea, Inter-city Cold Storage Market South korea, International Cold Storage Market South korea, International Cold Transport Market in South Korea, Intra-city Cold Storage Market South korea, market of cold chain in south korea, Number of warehouses in South korea, Owned Cold Warehouses Market South Korea, Pharmaceutical Warehousing Market South Korea, Refrigerated Transport Market South Korea, Refrigerated Warehouses South Korea, Road Transport Industry in South Korea, South Korea Ambient Cold Storage market, South Korea Borim Logistics Market Revenue, South Korea Chilled Warehousing Market, South Korea CJ Logistics Market Analysis, South Korea Cold Chain Industry, South Korea Cold Chain Industry Research Report, South Korea Cold Chain Logistics Market, South Korea Cold Chain Market, South Korea Cold Chain Market Analysis, South Korea Cold Chain Market Companies, South Korea Cold Chain Market End Users, South Korea Cold Chain Market Forecast, South Korea Cold Chain Market Future Outlook, South Korea Cold Chain Market Major Players, South Korea Cold Chain Market Research Report, South Korea Cold Chain Market Revenue, South Korea Cold Chain Market Segmentation, South Korea Cold Chain Market Share, South Korea Cold Chain Market Size, South Korea Cold Storage Market, South Korea Cold Transport Market Revenue in USD Billion, South Korea Cold Transport Market Segmentation, South Korea DB Schenker Cold Chain Market Share, South Korea DHL Logistics Competitors, South Korea Dongbu Express Market Future, South Korea Dongwon Logistics Market size, South Korea Food and Drink Storage Industry, South Korea Freight & Logistics Market, South Korea Frozen Warehousing Market, South Korea Hansol Logistics Market Growth Rate, South Korea Lotte Logistics Market Revenue, South Korea Processed Meat and Seafood Market, South Korea Rail Transport Market, South Korea Reefer Truck Market Size, South Korea Refrigerated Storage Market, South Korea Refrigerated Truck Market, Third Party Logistics Market South Korea