diff --git a/pkg/storage/chunk/cache/cache.go b/pkg/storage/chunk/cache/cache.go
index 7a66097b8d38..64a1a722bda9 100644
--- a/pkg/storage/chunk/cache/cache.go
+++ b/pkg/storage/chunk/cache/cache.go
@@ -41,6 +41,11 @@ type Config struct {
 
 	// For tests to inject specific implementations.
 	Cache Cache `yaml:"-"`
+
+	// AsyncCacheWriteBackConcurrency specifies the number of goroutines to use when asynchronously writing chunks fetched from the store to the chunk cache.
+	AsyncCacheWriteBackConcurrency int `yaml:"async_cache_write_back_concurrency"`
+	// AsyncCacheWriteBackBufferSize specifies the maximum number of fetched chunks to buffer for writing back to the chunk cache.
+	AsyncCacheWriteBackBufferSize int `yaml:"async_cache_write_back_buffer_size"`
 }
 
 // RegisterFlagsWithPrefix adds the flags required to config this to the given FlagSet
@@ -50,6 +55,8 @@ func (cfg *Config) RegisterFlagsWithPrefix(prefix string, description string, f
 	cfg.MemcacheClient.RegisterFlagsWithPrefix(prefix, description, f)
 	cfg.Redis.RegisterFlagsWithPrefix(prefix, description, f)
 	cfg.Fifocache.RegisterFlagsWithPrefix(prefix, description, f)
+	f.IntVar(&cfg.AsyncCacheWriteBackConcurrency, prefix+"max-async-cache-write-back-concurrency", 16, "The maximum number of concurrent asynchronous writeback cache can occur.")
+	f.IntVar(&cfg.AsyncCacheWriteBackBufferSize, prefix+"max-async-cache-write-back-buffer-size", 500, "The maximum number of enqueued asynchronous writeback cache allowed.")
 	f.DurationVar(&cfg.DefaultValidity, prefix+"default-validity", time.Hour, description+"The default validity of entries for caches unless overridden.")
 	f.BoolVar(&cfg.EnableFifoCache, prefix+"cache.enable-fifocache", false, description+"Enable in-memory cache (auto-enabled for the chunks & query results cache if no other cache is configured).")
 
diff --git a/pkg/storage/chunk/cache/cache_test.go b/pkg/storage/chunk/cache/cache_test.go
index 5267a66dce4f..3e9a5cb9271b 100644
--- a/pkg/storage/chunk/cache/cache_test.go
+++ b/pkg/storage/chunk/cache/cache_test.go
@@ -124,7 +124,7 @@ func testChunkFetcher(t *testing.T, c cache.Cache, keys []string, chunks []chunk
 		},
 	}
 
-	fetcher, err := chunk.NewChunkFetcher(c, false, s, nil)
+	fetcher, err := chunk.NewChunkFetcher(c, false, s, nil, 10, 100)
 	require.NoError(t, err)
 	defer fetcher.Stop()
 
diff --git a/pkg/storage/chunk/chunk_store.go b/pkg/storage/chunk/chunk_store.go
index f9aa983ce828..8b691ab6885f 100644
--- a/pkg/storage/chunk/chunk_store.go
+++ b/pkg/storage/chunk/chunk_store.go
@@ -99,7 +99,7 @@ type baseStore struct {
 }
 
 func newBaseStore(cfg StoreConfig, scfg SchemaConfig, schema BaseSchema, index IndexClient, chunks Client, limits StoreLimits, chunksCache cache.Cache) (baseStore, error) {
-	fetcher, err := NewChunkFetcher(chunksCache, cfg.chunkCacheStubs, scfg, chunks)
+	fetcher, err := NewChunkFetcher(chunksCache, cfg.chunkCacheStubs, scfg, chunks, cfg.ChunkCacheConfig.AsyncCacheWriteBackConcurrency, cfg.ChunkCacheConfig.AsyncCacheWriteBackBufferSize)
 	if err != nil {
 		return baseStore{}, err
 	}
diff --git a/pkg/storage/chunk/chunk_store_utils.go b/pkg/storage/chunk/chunk_store_utils.go
index 392941d78e53..8354f4a446ec 100644
--- a/pkg/storage/chunk/chunk_store_utils.go
+++ b/pkg/storage/chunk/chunk_store_utils.go
@@ -5,6 +5,9 @@ import (
 	"sync"
 
 	"github.com/go-kit/log/level"
+	"github.com/pkg/errors"
+	"github.com/prometheus/client_golang/prometheus"
+	"github.com/prometheus/client_golang/prometheus/promauto"
 	"github.com/prometheus/common/model"
 	"github.com/prometheus/prometheus/model/labels"
 	"github.com/prometheus/prometheus/promql"
@@ -16,6 +19,22 @@ import (
 	"github.com/grafana/loki/pkg/storage/chunk/cache"
 )
 
+var (
+	errAsyncBufferFull = errors.New("the async buffer is full")
+	skipped            = promauto.NewCounter(prometheus.CounterOpts{
+		Name: "loki_chunk_fetcher_cache_skipped_buffer_full_total",
+		Help: "Total number of operations against cache that have been skipped.",
+	})
+	chunkFetcherCacheQueueEnqueue = promauto.NewCounter(prometheus.CounterOpts{
+		Name: "loki_chunk_fetcher_cache_enqueued_total",
+		Help: "Total number of chunks enqueued to a buffer to be asynchronously written back to the chunk cache.",
+	})
+	chunkFetcherCacheQueueDequeue = promauto.NewCounter(prometheus.CounterOpts{
+		Name: "loki_chunk_fetcher_cache_dequeued_total",
+		Help: "Total number of chunks asynchronously dequeued from a buffer and written back to the chunk cache.",
+	})
+)
+
 const chunkDecodeParallelism = 16
 
 func filterChunksByTime(from, through model.Time, chunks []Chunk) []Chunk {
@@ -89,6 +108,12 @@ type Fetcher struct {
 
 	wait           sync.WaitGroup
 	decodeRequests chan decodeRequest
+
+	maxAsyncConcurrency int
+	maxAsyncBufferSize  int
+
+	asyncQueue chan []Chunk
+	stop       chan struct{}
 }
 
 type decodeRequest struct {
@@ -103,13 +128,16 @@ type decodeResponse struct {
 }
 
 // NewChunkFetcher makes a new ChunkFetcher.
-func NewChunkFetcher(cacher cache.Cache, cacheStubs bool, schema SchemaConfig, storage Client) (*Fetcher, error) {
+func NewChunkFetcher(cacher cache.Cache, cacheStubs bool, schema SchemaConfig, storage Client, maxAsyncConcurrency int, maxAsyncBufferSize int) (*Fetcher, error) {
 	c := &Fetcher{
-		schema:         schema,
-		storage:        storage,
-		cache:          cacher,
-		cacheStubs:     cacheStubs,
-		decodeRequests: make(chan decodeRequest),
+		schema:              schema,
+		storage:             storage,
+		cache:               cacher,
+		cacheStubs:          cacheStubs,
+		decodeRequests:      make(chan decodeRequest),
+		maxAsyncConcurrency: maxAsyncConcurrency,
+		maxAsyncBufferSize:  maxAsyncBufferSize,
+		stop:                make(chan struct{}),
 	}
 
 	c.wait.Add(chunkDecodeParallelism)
@@ -117,14 +145,47 @@ func NewChunkFetcher(cacher cache.Cache, cacheStubs bool, schema SchemaConfig, s
 		go c.worker()
 	}
 
+	// Start a number of goroutines - processing async operations - equal
+	// to the max concurrency we have.
+	c.asyncQueue = make(chan []Chunk, c.maxAsyncBufferSize)
+	for i := 0; i < c.maxAsyncConcurrency; i++ {
+		go c.asyncWriteBackCacheQueueProcessLoop()
+	}
+
 	return c, nil
 }
 
+func (c *Fetcher) writeBackCacheAsync(fromStorage []Chunk) error {
+	select {
+	case c.asyncQueue <- fromStorage:
+		chunkFetcherCacheQueueEnqueue.Add(float64(len(fromStorage)))
+		return nil
+	default:
+		return errAsyncBufferFull
+	}
+}
+
+func (c *Fetcher) asyncWriteBackCacheQueueProcessLoop() {
+	for {
+		select {
+		case fromStorage := <-c.asyncQueue:
+			chunkFetcherCacheQueueDequeue.Add(float64(len(fromStorage)))
+			cacheErr := c.writeBackCache(context.Background(), fromStorage)
+			if cacheErr != nil {
+				level.Warn(util_log.Logger).Log("msg", "could not write fetched chunks from storage into chunk cache", "err", cacheErr)
+			}
+		case <-c.stop:
+			return
+		}
+	}
+}
+
 // Stop the ChunkFetcher.
 func (c *Fetcher) Stop() {
 	close(c.decodeRequests)
 	c.wait.Wait()
 	c.cache.Stop()
+	close(c.stop)
 }
 
 func (c *Fetcher) worker() {
@@ -162,7 +223,10 @@ func (c *Fetcher) FetchChunks(ctx context.Context, chunks []Chunk, keys []string
 	}
 
 	// Always cache any chunks we did get
-	if cacheErr := c.writeBackCache(ctx, fromStorage); cacheErr != nil {
+	if cacheErr := c.writeBackCacheAsync(fromStorage); cacheErr != nil {
+		if cacheErr == errAsyncBufferFull {
+			skipped.Inc()
+		}
 		level.Warn(log).Log("msg", "could not store chunks in chunk cache", "err", cacheErr)
 	}
 
diff --git a/pkg/storage/util_test.go b/pkg/storage/util_test.go
index 50a4e34e86c9..8c3545abf521 100644
--- a/pkg/storage/util_test.go
+++ b/pkg/storage/util_test.go
@@ -210,7 +210,7 @@ func (m *mockChunkStore) GetChunkRefs(ctx context.Context, userID string, from,
 		panic(err)
 	}
 
-	f, err := chunk.NewChunkFetcher(cache, false, m.schemas, m.client)
+	f, err := chunk.NewChunkFetcher(cache, false, m.schemas, m.client, 10, 100)
 	if err != nil {
 		panic(err)
 	}