Showing posts with label Cold Chain Facility in Philippines. Show all posts
Showing posts with label Cold Chain Facility in Philippines. Show all posts

Tuesday, September 27, 2022

The Philippines Cold Chain Market is expected to contribute PHP 22.3 Bn in the near future owing to rising domestic consumption of meat and seafood along with increasing government initiatives and investments in the sector: Ken Research

Philippines News

  • Government is planning to increase infrastructure expenditure reaching approximately 7% of GDP by 2022. This is projected to positively impact road network for cold transport services.
  • Most cold storages in Philippines are NMIS accredited. However, an uptake in the ISO and LEED certifications for cold storages is projected during the period 2021 to 2026 for several cold storage companies.
  • Major cities apart from Metro Manila such as Cebu, Davao and Navotas are emerging as a hot bed for frozen warehousing since most of the industrial regions are also located nearby.

Philippines Cold Chain Logistics Market Analysis:

Adopting Automation and Modern Technologies: Technological advancement is expected to play a major role and new facilities are being built to improve the efficiency of food supply storage and its distribution. Examples include IoT sensors that monitor food temperature and communicate the data to cloud-based analytics dashboards. Artificial Intelligence (AI) is then used to correlate data from various sources such as power cost, weather, distribution logistics, cooling capacity and schedules to provide the optimum storage and distribution infrastructures.

Expanding Cold Chain Market: Infrastructural development by the government, increasing number of food businesses and inclining number of cold transport companies propelled the market.   Moreover, the rapid shift of distribution of food products from traditional markets toward supermarkets and convenience stores is increasing the need for reefer trucks as major distributors hire 3PL for shipping via insulated trucks.

Increase Tie-ups with Various End-User Companies: Cold chain companies are collaborating with the producers of temperature-sensitive products such as meat and seafood, fruits and vegetables, dairy products, bakery and confectionery, pharmaceuticals and others, in order to build long-term associations with them and procure bulk orders. Additionally, improving lifestyle, modernization and growing young population, the frozen food service industry is expected to grow at a robust CAGR during the forecast period of 2021 to 2027, thereby augmenting cold chain companies’ demand.

Analysts at Ken Research in their latest publication “Philippines Cold Chain Market Outlook to 2026F: Driven by Rising Meat and Seafood Consumption Owing to Growing Millennial Population Albeit Infrastructure Challenges” by Ken Research observed that the market is highly fragmented and is home to 100+ cold transportation & storage players enabling the market to transform over the years. The market is currently in the growth stage owing to rising domestic consumption of meat and seafood along with increasing government initiatives and investments in the sector, is expected to contribute to the market growth over the forecast period. The Philippines Cold Chain Market is expected to grow at a CAGR of 9.3% over the forecasted period 2021-2026F.

Key Segments Covered

Philippines Cold Chain Market

  • By Revenue Split:
  • Cold Transport
  • Cold Storage
  • By End User:
  • Meat and Seafood
  • Dairy Products
  • Processed Frozen Foods
  • Vaccination and Pharmaceuticals
  • Fruits and Vegetables
  • By Ownership:
  • 3PL Cold Chain Facilities
  • Owned

Request for Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTkyNDgz

Philippines Cold Transport Market

  • By Truck Type
  • Reefer Vans/Trucks (1 to 10 Tons)
  • 20 foot reefers (10 - 20 Tons)
  • 40 foot reefers and others (more than 20 tons)
  • By Mode of Transportation
  • Land
  • Sea
  • Air
  • By Location
  • Domestic
  • International
  • By Vicinity
  • Inter-city
  • Intra-city
  • By End User
  • Meat and Seafood
  • Dairy Products
  • Vaccination and Pharmaceuticals
  • Processed Frozen Foods
  • Fruits, Vegetables and others

Philippines Warehousing Market

  • By Type:
  • By Industrial Freight/Retail
  • By Inland Container Depots
  • By Cold Storage
  • By Agriculture

Philippines Vegetables Cold Storage Market

Philippines Cold Storage Market

  • By Temperature range (by number of pallets)
  • Frozen
  • Chillers
  • Ambient
  • By Automation (by pallets)
  • Automated Pallets
  • Non-automated Pallets
  • By End User
  • Meat and Seafood
  • Dairy Products
  • Vaccination and Pharmaceuticals
  • Processed Frozen Foods
  • Fruits, Vegetables and others
  • By Region
  • Metro Manila
  • Cebu
  • Mindanao
  • Others

Key Target Audience

  • Cold Storage Companies
  • Cold Chain Companies
  • Cold Transport Companies
  • Captive Cold Storage Companies
  • Captive Cold Chain Companies
  • Logistics Companies
  • Non-captive Companies
  • Cold Chain Associations
  • Logistics Associations
  • Private Equity Firms
  • Venture Capitalists

Time Period Captured in the Report:

  • Historical Period: 2016-2021
  • Forecasted Period: 2021-2026F

Companies Covered:

  • Jentec Cold Storage
  • Royal Cargo
  • Glacier Megafridge
  • Royale Cold Storage
  • Big Blue Logistics
  • Mets Logistics
  • ORCA Cold Chain
  • Fast Logistics Group
  • Igloo Supply Chain 
  • Arctic Cold Storage
  •  VVS Cold Storage (Vifel)
  • Antarctica Cold Storage
  • Crystal Cold Storage
  • JM Processing
  • San Simon Cold Storage
  • Estrella Cold Storage
  • Cebu Subzero Logistics
  • Everest Cold Storage
  • Aspen Cold Storage

Key Topics Covered in the Report

  • Executive Summary
  • Temperature Controlled Storage Market Philippines
  • Research Methodology including market definitions, market size and modeling
  • Industry Value Chain for Philippines Cold Chain companies
  • Philippines Cold Chain Market size (by revenue)
  • Philippines Cold Chain Market Segmentation (by Cold Storage & Cold Transport, by End User Application, by Ownership)
  • Landscape on Philippines Warehousing Market
  • Snapshot on Philippines Cold Storage Market
  • Snapshot on Philippines Cold Transport Market
  • Industry Analysis for Philippines Cold Chain Market
  • Issues and Challenges in Philippine Cold Chain Market
  • SWOT Analysis of Philippines Cold Chain Industry
  • Competitive Landscape in Philippine Cold Chain Market
  • Philippines Cold Chain Market Future Market size and predictions
  • Analyst Recommendations

Related Reports:

Philippines Frozen Storage Market Outlook to 2025-Driven by Growing Meat and Seafood Consumption and Insufficient Pallet Capacity to Tackle Food Wastage

UAE Cold Chain Market Outlook To 2025 – By Cold Storage (Ambient, Chilled And Frozen Warehousing) And Cold Transport (Land, Sea And Air), By End User (Dairy Products, Meat And Seafood, Pharmaceuticals, Fruits And Vegetables And Others) And By Ownership (Integrated And Contract Logistics)

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)

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Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249