Showing posts with label Competitors in KSA Cold Chain Market. Show all posts
Showing posts with label Competitors in KSA Cold Chain Market. Show all posts

Wednesday, May 3, 2023

Increasing Demand for Temperature-Sensitive Products is acting as a catalyst for the KSA Cold Chain Industry: Ken Research

 1. KSA Cold Chain Market is currently in the growth stage as there is huge potential for the growth of the industry due to the huge gap in demand and supply for cold storage services in the country.

KSA Cold Chain Industry

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The dairy business in the nation has expanded significantly over the last few years. The country's need for cold chain facilities has been driven by the increased imports of food items such meat and related goods, fruits and vegetables, and others. The improvement of cold chain facilities is partially the result of the substantial amount of pharmaceutical supply imports into the nation.

2. The Cold Storage Market has grown over the last five years while the Cold Transport Sector saw a decline.

KSA Cold Chain Industry

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In the KSA Cold Chain Market during 2022P, the cold storage segment held a larger share, reaching 62.2% in 2022P. The government's increased investments in the nation's infrastructure under Vision 2030 have been attributed to this rise in the market share of cold storage. The high market share has also been significantly impacted by the rising demand for cold storage needs, particularly from fast food restaurants for products like meat and seafood.

3. Occupancy Rate in the KSA Cold Storage Market has increased from 86.3% in 2017 to 87.7% in 2022P.

KSA Cold Chain Industry

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The occupancy rate in the market for cold storage has been rising due to an undersupply of cold storage warehouses, particularly in large cities and ports where there is a surplus of demand for cold storage. Due to the perishable processed food business, the cold chain sector is a capital-intensive one that is heavily dependent on seasonality. During the peak season, cold storage needs to have streamline coordination between the producers, storage operators and market operations.

Tuesday, April 25, 2023

KSA Cold Chain Market Outlook to 2027F: Ken Research

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Rising domestic consumption of meat, increasing seafood exports, rising retail spending, growth of dairy industry, and increasing pharmaceutical imports led to the growth of the Cold Chain Market in KSA.

KSA Cold Chain Market Overview: The Cold Chain Market in KSA is currently at the growth stage and is highly fragmented and is home to 100+ cold transportation & storage players. The market has been driven by rising domestic consumption of meat, increasing seafood exports, rising retail spending, growth of dairy industry, changing lifestyle and societal norms, increasing pharmaceutical imports, rising hygiene and safety concerns and infrastructure development. The KSA Cold Chain Market took a leap from a growth rate of 10.5% in 2018 to a growth rate of 11.5% in 2022P due to the growing consumption needs of the people. Due to the increase in demand for perishables, the cold chain market in KSA has significantly grown.

KSA Cold Chain Market - infographic

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Government Initiatives: As part of its Vision 2030 strategy, the KSA government wants to transform the country's ports into modern seaports and turn the country into a global logistics hub. The KSA government is investing heavily in the vast development of the nation's transportation networks in order to increase freight income over the long term. This is being driven by economic growth, rising population, and rapid urbanization. By 2024, an additional 10,000 km of rail line will be added, and multimodal hubs will be built to meet the demand for road-rail and sea-air connectivity.

Challenges Faced by KSA Cold Chain Market: The Cold Chain Industry in Saudi Arabia faces challenges due to the concentration of cold chain facilities in the cities such as Riyadh, Jeddah and Dammam. All the products are transported to different regions in the country from the cold storage warehouses located in these cities which act as distribution centers. This causes delays in the process as it increases the time for cold transport. Cooler and freezer doors that are damaged are one of the most common problems cold storage facilities face. Due to extreme weather conditions, moving cold chain commodities within KSA always bears a higher risk. Transportation in KSA is exposed to very high freight cost in comparison to other SEA countries which is even higher for Cold transportation.

Development in the Cold Storage Industry in KSA: Many cold chain operators are expected to expand their operations and establish many new cold storage warehouses to cater to the large and rising demand for refrigerated storage, providing a significant boost to KSA cold storage industry. The Cold Storage Industry in KSA is experiencing a new wave of technological development which is essential for end users of cold storage services and for the organic growth of cold storage companies.

Analysts at Ken Research in their latest publication KSA Cold Chain Market Outlook to 2027F- Driven By Increase in Retail Spending, Government Initiatives and Infrastructural Development” by Ken Research observed that KSA Cold Chain Market is in the growing phase. Rising domestic consumption of meat, increasing seafood exports, rising retail spending and infrastructure development are some of the factors that will contribute to the KSA Cold Chain Market growth over the period of 2022P-2027F. It is expected that KSA Cold Chain Market will grow at a CAGR of 15.1% for the above forecasted period.

Key Segments Covered

KSA Cold Chain Market:

By Cold Storage and Cold Transport

By Ownership

  • Owned
  • 3PL Cold Chain Facilities

By End Users

  • Meat and Seafood
  • Vaccination and Pharmaceuticals
  • Frozen Foods and Others
  • Dairy Products
  • Bakery
  • Fruits and Vegetables

KSA Cold Storage Market:

By Automation

  • Automated Pallets
  • Non-Automated Pallets

By Temperature Range

  • Ambient
  • Frozen
  • Chillers

By End User

  • Meat and Seafood
  • Vaccines & Pharmaceuticals
  • Frozen Foods and Others
  • Bakery
  • Dairy Products
  • Fruits and Vegetables

By Region

  • Riyadh
  • Jeddah
  • Dammam
  • Mecca
  • Medina
  • Others

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KSA Cold Transport Market:

By Type of Reefer Truck

  • Reefer Vans/Trucks
  • 20 foot reefers
  • 40 foot reefers

By Mode of Transportation

  • Land
  • Sea
  • Air

By Location

  • International
  • Domestic

By Vicinity

  • Inter-city
  • Intra-city

By End Users

  • Meat & Sea Food
  • Vaccines & Pharmaceuticals
  • Dairy Products
  • Bakery
  • Frozen Foods and Others
  • Fruits & Vegetables

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: 2017-2022P
  • Base Year: 2022P
  • Forecast Period: 2022P– 2027F

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Companies Covered:

  • Agility Logistics
  • Wared Logistics
  • NAQEL Express
  • Almajdouie Logistics
  • Mosanada Logistics
  • Agility Logistics
  • Takhzeen Logistics
  • Etmam Logistics
  • Tamer Logistics
  • United Warehouse Company
  • Himmah Logistics
  • Globus Logistics
  • Storkom Logistics
  • Four Winds
  • Flow Progressive
  • Sasat Logistics
  • Al Theyab Global Logistics
  • IFFCO Logistics
  • RTL Racktech

Key Topics Covered in the Report

  • KSA Cold Chain Market Overview
  • Ecosystem of KSA Cold Chain Market
  • KSA Cold Chain Industry Evolution
  • KSA Cold Chain Market Segmentation
  • Industry Analysis of KSA Cold Chain Market
  • Value Chain of Cold Chain Market in KSA
  • End User Analysis of KSA Cold Chain Market
  • KSA Cold Transport Market Overview
  • KSA Cold Storage Market Overview
  • Key Growth Drivers in KSA Cold Chain Market
  • SWOT Analysis of KSA Cold Chain Industry
  • Future Outlook of KSA Cold Chain Industry

For More Insights On Market Intelligence, Refer To The Link Below: –

KSA Cold Chain Market

Related Report by Ken Research: –

Portugal Cold Chain Market Outlook to 2026F

Brazil Cold Chain Market Outlook to 2027

Vietnam Cold Chain Market Outlook to 2026F

Nigeria Cold Chain Market Outlook to 2026

South Africa Cold Chain Market Outlook to 2026F