Thailand Cold Chain for Seafood & Fisheries Market
Description
Thailand Cold Chain for Seafood & Fisheries Market Overview
The Thailand Cold Chain for Seafood & Fisheries Market is valued at USD 2.5 billion, based on a five-year historical analysis. This growth is primarily driven by the increasing demand for fresh and high-quality seafood products, coupled with the expansion of the seafood export market. The rise in consumer awareness regarding food safety and quality has also significantly contributed to the market's growth.
Key players in this market include Bangkok, Phuket, and Samut Sakhon, which dominate due to their strategic locations near major fishing grounds and ports. These cities serve as critical hubs for seafood processing and distribution, facilitating efficient logistics and supply chain management, thus enhancing their competitive advantage in the cold chain sector.
In 2023, the Thai government implemented regulations mandating that all seafood products must be transported and stored at specific temperature ranges to ensure quality and safety. This regulation aims to enhance food safety standards and reduce foodborne illnesses, thereby promoting consumer confidence in seafood products.
Thailand Cold Chain for Seafood & Fisheries Market Segmentation
By Type:
The cold chain market is segmented into various types, including Refrigerated Transport, Cold Storage Facilities, Temperature-Controlled Packaging, and Others. Each of these segments plays a crucial role in maintaining the quality and safety of seafood products throughout the supply chain. Among these, Refrigerated Transport is the leading sub-segment due to the increasing demand for efficient logistics solutions that ensure timely delivery of fresh seafood to markets.
By End-User:
The end-user segmentation includes Retailers, Wholesalers, Restaurants, and Exporters. Each of these segments has unique requirements for cold chain logistics, with Exporters being the dominant sub-segment. This is largely due to the growing international demand for Thai seafood products, necessitating robust cold chain solutions to meet export standards and maintain product integrity during transportation.
Thailand Cold Chain for Seafood & Fisheries Market Competitive Landscape
The Thailand Cold Chain for Seafood & Fisheries Market is characterized by a dynamic mix of regional and international players. Leading participants such as Thai Union Group PCL, CP Foods, Sea Value Public Company Limited, Marine Gold Products Public Company Limited, Thai Fishery Producers Association, S&P Syndicate Public Company Limited, Bangkok Frozen Foods, Siam Canadian Group, Sriracha Seafood, Saha Farms, Ocean Fresh, Thai Seafood Co., Ltd., Poonphol Seafood, Charoen Pokphand Foods PCL, Thai Fishery Co., Ltd. contribute to innovation, geographic expansion, and service delivery in this space.
Thai Union Group PCL
1977
Bangkok, Thailand
CP Foods
1980
Bangkok, Thailand
Sea Value Public Company Limited
1995
Bangkok, Thailand
Marine Gold Products Public Company Limited
1994
Bangkok, Thailand
S&P Syndicate Public Company Limited
1970
Bangkok, Thailand
Company
Establishment Year
Headquarters
Group Size (Large, Medium, or Small as per industry convention)
Revenue Growth Rate
Market Penetration Rate
Customer Retention Rate
Operational Efficiency Ratio
Pricing Strategy
Thailand Cold Chain for Seafood & Fisheries Market Industry Analysis
Growth Drivers
Increasing Demand for Fresh Seafood:
The demand for fresh seafood in Thailand is projected to reach 1.5 million tons in future, driven by rising consumer preferences for healthy diets. The seafood consumption per capita in Thailand is approximately 25 kg annually, significantly higher than the global average of 20 kg. This growing appetite for fresh products necessitates efficient cold chain logistics to maintain quality and safety, thereby propelling market growth in the cold chain sector.
Expansion of Export Markets:
Thailand's seafood exports are expected to exceed $7 billion in future, with key markets including the United States and Japan. The Thai government aims to increase seafood exports by 10% annually, supported by trade agreements and improved logistics. This expansion necessitates robust cold chain solutions to ensure product integrity during transportation, thus driving investments in cold storage and distribution networks across the country.
Technological Advancements in Cold Chain Logistics:
The adoption of advanced technologies in cold chain logistics is set to enhance operational efficiency. In future, investments in IoT-enabled cold storage systems are projected to reach $150 million, improving temperature monitoring and inventory management. These innovations not only reduce spoilage rates, currently estimated at 20% for seafood, but also enhance traceability, meeting consumer demands for transparency in food sourcing.
Market Challenges
High Operational Costs:
The operational costs for cold chain logistics in Thailand are estimated at $1.2 billion annually, primarily due to energy expenses and maintenance of refrigeration systems. These high costs can deter small and medium-sized enterprises from investing in necessary infrastructure, limiting their competitiveness in the seafood market. As energy prices continue to rise, managing these costs will be crucial for sustaining growth in the cold chain sector.
Inadequate Infrastructure in Rural Areas:
Approximately 60% of Thailand's seafood production occurs in rural areas, where cold chain infrastructure is often lacking. Reports indicate that only 30% of rural producers have access to adequate cold storage facilities. This deficiency leads to significant post-harvest losses, estimated at 15%, and hampers the ability to meet both domestic and international market demands, posing a substantial challenge to the industry.
Thailand Cold Chain for Seafood & Fisheries Market Future Outlook
The future of Thailand's cold chain for seafood and fisheries market appears promising, driven by increasing consumer awareness of food safety and sustainability. As e-commerce continues to grow, the demand for efficient cold chain solutions will rise, necessitating further investments in technology and infrastructure. Additionally, partnerships between seafood producers and logistics providers are expected to enhance distribution efficiency, ensuring that fresh seafood reaches consumers promptly while minimizing waste and environmental impact.
Market Opportunities
Growth in E-commerce Seafood Sales:
The e-commerce seafood market in Thailand is projected to grow to $500 million in future, driven by changing consumer behaviors. This shift presents an opportunity for cold chain providers to develop specialized logistics solutions that cater to online seafood sales, ensuring freshness and quality during delivery, thus capturing a larger market share.
Investment in Sustainable Practices:
With increasing regulatory focus on sustainability, investments in eco-friendly cold chain technologies are expected to rise. In future, the market for sustainable cold storage solutions could reach $200 million, driven by consumer demand for environmentally responsible practices. This trend offers a significant opportunity for companies to differentiate themselves and attract environmentally conscious consumers.
Please Note: It will take 5-7 business days to complete the report upon order confirmation.
The Thailand Cold Chain for Seafood & Fisheries Market is valued at USD 2.5 billion, based on a five-year historical analysis. This growth is primarily driven by the increasing demand for fresh and high-quality seafood products, coupled with the expansion of the seafood export market. The rise in consumer awareness regarding food safety and quality has also significantly contributed to the market's growth.
Key players in this market include Bangkok, Phuket, and Samut Sakhon, which dominate due to their strategic locations near major fishing grounds and ports. These cities serve as critical hubs for seafood processing and distribution, facilitating efficient logistics and supply chain management, thus enhancing their competitive advantage in the cold chain sector.
In 2023, the Thai government implemented regulations mandating that all seafood products must be transported and stored at specific temperature ranges to ensure quality and safety. This regulation aims to enhance food safety standards and reduce foodborne illnesses, thereby promoting consumer confidence in seafood products.
Thailand Cold Chain for Seafood & Fisheries Market Segmentation
By Type:
The cold chain market is segmented into various types, including Refrigerated Transport, Cold Storage Facilities, Temperature-Controlled Packaging, and Others. Each of these segments plays a crucial role in maintaining the quality and safety of seafood products throughout the supply chain. Among these, Refrigerated Transport is the leading sub-segment due to the increasing demand for efficient logistics solutions that ensure timely delivery of fresh seafood to markets.
By End-User:
The end-user segmentation includes Retailers, Wholesalers, Restaurants, and Exporters. Each of these segments has unique requirements for cold chain logistics, with Exporters being the dominant sub-segment. This is largely due to the growing international demand for Thai seafood products, necessitating robust cold chain solutions to meet export standards and maintain product integrity during transportation.
Thailand Cold Chain for Seafood & Fisheries Market Competitive Landscape
The Thailand Cold Chain for Seafood & Fisheries Market is characterized by a dynamic mix of regional and international players. Leading participants such as Thai Union Group PCL, CP Foods, Sea Value Public Company Limited, Marine Gold Products Public Company Limited, Thai Fishery Producers Association, S&P Syndicate Public Company Limited, Bangkok Frozen Foods, Siam Canadian Group, Sriracha Seafood, Saha Farms, Ocean Fresh, Thai Seafood Co., Ltd., Poonphol Seafood, Charoen Pokphand Foods PCL, Thai Fishery Co., Ltd. contribute to innovation, geographic expansion, and service delivery in this space.
Thai Union Group PCL
1977
Bangkok, Thailand
CP Foods
1980
Bangkok, Thailand
Sea Value Public Company Limited
1995
Bangkok, Thailand
Marine Gold Products Public Company Limited
1994
Bangkok, Thailand
S&P Syndicate Public Company Limited
1970
Bangkok, Thailand
Company
Establishment Year
Headquarters
Group Size (Large, Medium, or Small as per industry convention)
Revenue Growth Rate
Market Penetration Rate
Customer Retention Rate
Operational Efficiency Ratio
Pricing Strategy
Thailand Cold Chain for Seafood & Fisheries Market Industry Analysis
Growth Drivers
Increasing Demand for Fresh Seafood:
The demand for fresh seafood in Thailand is projected to reach 1.5 million tons in future, driven by rising consumer preferences for healthy diets. The seafood consumption per capita in Thailand is approximately 25 kg annually, significantly higher than the global average of 20 kg. This growing appetite for fresh products necessitates efficient cold chain logistics to maintain quality and safety, thereby propelling market growth in the cold chain sector.
Expansion of Export Markets:
Thailand's seafood exports are expected to exceed $7 billion in future, with key markets including the United States and Japan. The Thai government aims to increase seafood exports by 10% annually, supported by trade agreements and improved logistics. This expansion necessitates robust cold chain solutions to ensure product integrity during transportation, thus driving investments in cold storage and distribution networks across the country.
Technological Advancements in Cold Chain Logistics:
The adoption of advanced technologies in cold chain logistics is set to enhance operational efficiency. In future, investments in IoT-enabled cold storage systems are projected to reach $150 million, improving temperature monitoring and inventory management. These innovations not only reduce spoilage rates, currently estimated at 20% for seafood, but also enhance traceability, meeting consumer demands for transparency in food sourcing.
Market Challenges
High Operational Costs:
The operational costs for cold chain logistics in Thailand are estimated at $1.2 billion annually, primarily due to energy expenses and maintenance of refrigeration systems. These high costs can deter small and medium-sized enterprises from investing in necessary infrastructure, limiting their competitiveness in the seafood market. As energy prices continue to rise, managing these costs will be crucial for sustaining growth in the cold chain sector.
Inadequate Infrastructure in Rural Areas:
Approximately 60% of Thailand's seafood production occurs in rural areas, where cold chain infrastructure is often lacking. Reports indicate that only 30% of rural producers have access to adequate cold storage facilities. This deficiency leads to significant post-harvest losses, estimated at 15%, and hampers the ability to meet both domestic and international market demands, posing a substantial challenge to the industry.
Thailand Cold Chain for Seafood & Fisheries Market Future Outlook
The future of Thailand's cold chain for seafood and fisheries market appears promising, driven by increasing consumer awareness of food safety and sustainability. As e-commerce continues to grow, the demand for efficient cold chain solutions will rise, necessitating further investments in technology and infrastructure. Additionally, partnerships between seafood producers and logistics providers are expected to enhance distribution efficiency, ensuring that fresh seafood reaches consumers promptly while minimizing waste and environmental impact.
Market Opportunities
Growth in E-commerce Seafood Sales:
The e-commerce seafood market in Thailand is projected to grow to $500 million in future, driven by changing consumer behaviors. This shift presents an opportunity for cold chain providers to develop specialized logistics solutions that cater to online seafood sales, ensuring freshness and quality during delivery, thus capturing a larger market share.
Investment in Sustainable Practices:
With increasing regulatory focus on sustainability, investments in eco-friendly cold chain technologies are expected to rise. In future, the market for sustainable cold storage solutions could reach $200 million, driven by consumer demand for environmentally responsible practices. This trend offers a significant opportunity for companies to differentiate themselves and attract environmentally conscious consumers.
Please Note: It will take 5-7 business days to complete the report upon order confirmation.
Table of Contents
92 Pages
- 1. Thailand Cold Chain for Seafood & Fisheries Market Overview
- 1.1. Definition and Scope
- 1.2. Market Taxonomy
- 1.3. Market Growth Rate
- 1.4. Market Segmentation Overview
- 2. Thailand Cold Chain for Seafood & Fisheries Market Size (in USD Bn), 2019–2024
- 2.1. Historical Market Size
- 2.2. Year-on-Year Growth Analysis
- 2.3. Key Market Developments and Milestones
- 3. Thailand Cold Chain for Seafood & Fisheries Market Analysis
- 3.1. Growth Drivers
- 3.1.1. Increasing demand for fresh seafood
- 3.1.2. Expansion of export markets
- 3.1.3. Technological advancements in cold chain logistics
- 3.1.4. Government support for fisheries sector
- 3.2. Restraints
- 3.2.1. High operational costs
- 3.2.2. Inadequate infrastructure in rural areas
- 3.2.3. Regulatory compliance complexities
- 3.2.4. Environmental concerns and sustainability issues
- 3.3. Opportunities
- 3.3.1. Growth in e-commerce seafood sales
- 3.3.2. Investment in sustainable practices
- 3.3.3. Development of new cold storage technologies
- 3.3.4. Partnerships with logistics providers
- 3.4. Trends
- 3.4.1. Increasing consumer preference for traceability
- 3.4.2. Rise of online seafood marketplaces
- 3.4.3. Adoption of IoT in cold chain management
- 3.4.4. Focus on reducing food waste
- 3.5. Government Regulation
- 3.5.1. Food safety standards
- 3.5.2. Import/export regulations
- 3.5.3. Environmental protection laws
- 3.5.4. Subsidies for cold chain infrastructure
- 3.6. SWOT Analysis
- 3.7. Stakeholder Ecosystem
- 3.8. Competition Ecosystem
- 4. Thailand Cold Chain for Seafood & Fisheries Market Segmentation, 2024
- 4.1. By Type (in Value %)
- 4.1.1. Refrigerated Transport
- 4.1.2. Cold Storage Facilities
- 4.1.3. Temperature-Controlled Packaging
- 4.1.4. Others
- 4.2. By End-User (in Value %)
- 4.2.1. Retailers
- 4.2.2. Wholesalers
- 4.2.3. Restaurants
- 4.2.4. Exporters
- 4.3. By Distribution Mode (in Value %)
- 4.3.1. Direct Distribution
- 4.3.2. Third-Party Logistics
- 4.3.3. E-commerce Platforms
- 4.4. By Application (in Value %)
- 4.4.1. Fresh Seafood
- 4.4.2. Processed Seafood
- 4.4.3. Frozen Seafood
- 4.4.4. Others
- 4.5. By Sales Channel (in Value %)
- 4.5.1. Online Sales
- 4.5.2. Offline Sales
- 4.5.3. B2B Sales
- 4.5.4. Others
- 4.6. By Price Range (in Value %)
- 4.6.1. Premium
- 4.6.2. Mid-Range
- 4.6.3. Budget
- 4.6.4. Others
- 4.7. By Packaging Type (in Value %)
- 4.7.1. Vacuum Packaging
- 4.7.2. Modified Atmosphere Packaging
- 4.7.3. Insulated Packaging
- 4.7.4. Others
- 5. Thailand Cold Chain for Seafood & Fisheries Market Cross Comparison
- 5.1. Detailed Profiles of Major Companies
- 5.1.1. Thai Union Group PCL
- 5.1.2. CP Foods
- 5.1.3. Sea Value Public Company Limited
- 5.1.4. Marine Gold Products Public Company Limited
- 5.1.5. Thai Fishery Producers Association
- 5.2. Cross Comparison Parameters
- 5.2.1. Revenue
- 5.2.2. Market Share
- 5.2.3. Number of Employees
- 5.2.4. Headquarters Location
- 5.2.5. Inception Year
- 6. Thailand Cold Chain for Seafood & Fisheries Market Regulatory Framework
- 6.1. Food Safety Standards
- 6.2. Compliance Requirements and Audits
- 6.3. Certification Processes
- 7. Thailand Cold Chain for Seafood & Fisheries Market Future Size (in USD Bn), 2025–2030
- 7.1. Future Market Size Projections
- 7.2. Key Factors Driving Future Market Growth
- 8. Thailand Cold Chain for Seafood & Fisheries Market Future Segmentation, 2030
- 8.1. By Type (in Value %)
- 8.2. By End-User (in Value %)
- 8.3. By Distribution Mode (in Value %)
- 8.4. By Application (in Value %)
- 8.5. By Sales Channel (in Value %)
- 8.6. By Price Range (in Value %)
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