According to bongdaso com vn research report, bongdaso com vn ASEAN cold chain logistics market is expected to grow by more than 12% during bongdaso com vn forecast period 2022-2027.
Covid-19 has left bongdaso com vn cold chain logistics industry impacted by major changes in operations, supply chains, regulations and workforce requirements. Foreign investors can now own 100% of bongdaso com vn partnership, up from 75% in bongdaso com vn past. It has also transformed bongdaso com vn market with a lasting impact on bongdaso com vn future.
Rising income levels in ASEAN countries and changing lifestyles are bongdaso com vn main factors driving bongdaso com vn growth of meat consumption and production in these regions, especially Indonesia and Vietnam. bongdaso com vn Halal food industry is boosting bongdaso com vn growth of bongdaso com vn market. In recent years, global brands have begun to focus on bongdaso com vn Islamic economy to capitalize on growing purchasing power and shift consumer spending preferences.
About 260 million Muslims live in bongdaso com vn ASEAN region, with bongdaso com vn majority in Indonesia, Malaysia, Thailand, bongdaso com vn Philippines, Singapore, Myanmar and Brunei. bongdaso com vn number of halal lifestyle events and campaigns held throughout bongdaso com vn region over bongdaso com vn past decade stimulated interest in Islamic tourism, food, fashion and cosmetics. Amid bongdaso com vn economic crisis caused by bongdaso com vn pandemic, Indonesia, bongdaso com vn world's most populous Muslim country, has focused on developing bongdaso com vn halal industry to meet domestic and global demand. Despite bongdaso com vn pressure on economies around bongdaso com vn world caused by bongdaso com vn Covid-19 pandemic, bongdaso com vn halal industry can still achieve positive results.
Before bongdaso com vn pandemic, bongdaso com vn industry grew at 3.2% in 2019, higher than bongdaso com vn 2.3% rate of bongdaso com vn global economy. Malaysia's halal industry is growing rapidly and by 2020, it contributes around 8.1% to bongdaso com vn country's GDP. According to bongdaso com vn Halal Industrial Development Corporation (HIDC), Malaysia's Halal industry market value is expected to reach 147.4 billion USD by bongdaso com vn end of 2025. In 2020, bongdaso com vn country exports about 38 billion MYR (9 billion USD) halal products.
Singapore's halal food market has thrived in recent years, with more food and beverage (F&B) outlets opening and more halal certifications issued. In 2019, bongdaso com vn halal dining market in Singapore was worth billion, with local Muslim spending at 0 million.
Since most Halal foods are meat products, they need to be stored in cold chain warehouses that are certified Halal by bongdaso com vn respective Governments. Several policies aimed at developing bongdaso com vn halal industry have been demonstrated by bongdaso com vn government in recent times, including bongdaso com vn establishment of a Special Economic Zone (KEK) for bongdaso com vn industry.
In addition, bongdaso com vn cooperation between bongdaso com vn National Committee for Sharia Economy and Finance (KNEKS) and companies like Unilever Indonesia is expected to boost bongdaso com vn country's halal industry. bongdaso com vn Malaysian government is also making progress towards becoming a global market leader in bongdaso com vn halal market. bongdaso com vn master plan of bongdaso com vn halal industry and halal park is a recent advancement. All these Halal Initiatives are promoting Cold Chain Logistics in ASEAN countries.
Southeast Asia's population and income growth, urbanization and retail sectors are contributing to increased meat consumption and increased animal feed imports. bongdaso com vn five key emerging markets in bongdaso com vn region are Indonesia, Malaysia, bongdaso com vn Philippines, Thailand and Vietnam. In recent years, meat consumption has also increased, although fish and seafood are bongdaso com vn largest sources of meat consumed and produced - and partly responsible for demand for animal feed. Each Southeast Asian country has different meat preferences, reflected in their level of consumption and production.
Malaysia's poultry industry is bongdaso com vn most successful in bongdaso com vn livestock segment and has bongdaso com vn highest output value. bongdaso com vn country is largely self-sufficient in poultry meat, and bongdaso com vn annual per capita consumption is close to 50 kg. Thailand is bongdaso com vn world's fourth largest poultry exporter, with about 80% of poultry produced by vertically integrated farms, bongdaso com vn annual per capita consumption in 2020 is about 7, 9 kg.
Source: https://congthuong.vn/thi-truong-logistics-chuoi-lanh-tang-truong-nhanh-chong-o-chau-a-217737.html
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