Showing posts with label Number of Reefer Trucks in Philippines. Show all posts
Showing posts with label Number of Reefer Trucks in Philippines. Show all posts

Wednesday, March 25, 2020

Philippines Cold Chain Market Driven by Growing Demand for Processed Foods and Changing Lifestyle of Filipinos Albeit Increasing Electricity Consumption Rates and Inadequate Infrastructure: Ken Research

“Rising consumption of processed frozen foods augmenting the business of companies such as Magnolia, Papa Diddi’s and Unilever RFM to name a few have driven the cold chain business of Philippines”
 Rise in Dining at Restaurants: The millennial population in the Philippines actively eats at restaurants. Young diners have been observed to consume 1 of every 3 breakfasts, half of their lunches and a minimum of 4 of 10 dinners, away from home. On a monthly basis, 85% millennial source food from fast-food restaurants, 82% from street-food kiosks or carts, 81% from office-building cafeterias, 80% from prepared-foods areas at retail stores, 76% from cafes specializing in beverages and baked goods, 74% from sit-down restaurants and 56% from vending machines. In addition to this, Filipinos have adopted the habit of prior reservations before actually visiting the restaurants. This has bolstered the business of companies such as Booky, Zomato and Eatigo as well.
Philippines Cold Chain Market
Increasing Demand for Processed Foods: Demand for processed frozen foods has grown in the country including frozen yogurts and ice-creams requiring freezers during the review period 2014 to 2019. The demand is mostly met by companies such as Papa Diddi's, Merry Moo, Ambassador's Vegan Ice Cream, Sebastian's and Carmen's Best. The growing frozen dessert sector and increasing consumption levels of frozen patties, pizzas and nuggets pose great opportunities for companies to expand operations and meet the rising demand of the nation.
Lack of Adequate Infrastructure: Cold chain supply management depends on the quality of the infrastructure systems in the country. Purpose of cold chain logistics is to deliver perishable and temperature-sensitive foods, chemicals and pharmaceuticals maintaining quality and shelf life of the product. Inadequate infrastructure in the Philippines has become a hindrance to the progress of the cold chain industry. As per the Global Competitiveness Report 2019 published by World Economic Forum, Philippines ranked at 96th position in terms of ‘Infrastructure’ is much lower than its Southeast Asian counterparts such as Malaysia, Thailand, Indonesia, Vietnam, and Laos.
Analysts at Ken Research in their latest the publication Philippines Cold Chain Market Outlook to 2025: Driven by Rising Processed Food Consumption Owing to Growing Millennial Population Albeit Infrastructure Challenges observed that the market in the Philippines is presently in the growth stage since the year 2002. It has indicated a year-on-year increase owing to rise in dining at cafes and restaurants majorly by growing millennial population, rising per capita income and increasing consumption of frozen and processed foods ice-cream and yogurts, nuggets, fries and other ready-to-eat meals. Thus, the Philippines cold storage market by revenue was observed to grow at a CAGR of 12.7% during the period 2014-2019.
Key Segments Covered: -
Types of Products:
Meat and Seafood
Fruits and Vegetables
Dairy Products
Bakery and Confectionary
Vaccination and Pharmaceuticals
Others (Include animal feed, hotdogs, burgers, fries, chemicals and several 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: 2014-2019
Forecasted Period: 2020F-2025F
Companies Covered:
Jentec Cold Storage
Glacier Megafridge
Mets Logistics
Royal Cargo
Big Blue Logistics
Royale Cold Storage
ORCA Cold Chain
Vifel Ice Plant & Cold Storage
Koldstor Inc.
Polar Bear Freezing Services
Frabelle Cold Storage
Arctic Cold Storage
Igloo Supply Chain
Antarctica Cold Storage
VVS Cold Storage
Crystal Cold Storage
Benson Industrial Cold Storage
JM Processing
Cold Chain Warehouse Specialist
San Simon Cold Storage
Cebu Subzero Logistics
Estrella Cold Storage
WCL Cold Storage
Technofreeze
Aspen Cold Storage
Key Topics Covered in the Report: -
Executive Summary
Research Methodology
Ecosystem of Philippines Cold Chain Market
Infrastructural Analysis of Philippines
Value Chain Analysis of Philippines Cold Chain Market
Comparative Analysis of Philippines with Other Cold Chain Markets Philippines Cold Chain Market
Philippines Cold Storage Market
Philippines Cold Transport Market
Regulatory Landscape of Philippines Cold Chain Market
Trends and Developments in Philippines Cold Chain Market
Issues and Challenges in Philippines Cold Chain Market
Decision Making Parameters for End Users in Philippines Cold Chain Market
SWOT Analysis of Philippines Cold Chain Market
Competitive Landscape in Philippines Cold Chain Market
Macroeconomic Factors Impacting Philippines Cold Chain Market
Analyst Recommendations
For More Information on the research report, refer to below links: -
Related Reports by Ken Research: -
Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249