How
Philippines Cold Chain Market is Positioned?
Cold chain industry’s
evolution in Philippines commenced after the construction of Philippines
Nautical Highway System in 2003 which is a ~ kilometre long and has reduced the
previous usual travel time to the different key cities in Philippines. It is also
called the Roll-On/Roll-Off system or the RO-RO system. RO-RO happens to be a
key mode of sea transport for cold chain in the country till 2018.
Cold chain industry
is a capital intensive business with the dependence on seasonality due to
perishable processed food industry. The industry witnesses over half year of
normal season and few months of the peak season. In the peak season, the demand
is somewhere from ~% to ~% of normal season volume. In the peak season, the
cold storage needs to have streamlined coordination between the producers,
storage operations and market operations.
The Philippines
cold chain market has witnessed significant growth after the
launch of ‘Philippines National Cold Chain Program’ in the year 2004. According
to the program, cold chain facilities were established sector. Assistance was
provided to interested entrepreneurs and investors to set-up their own cold
chain enterprises.
Furthermore, project also provided a cold chain technology databank
and market linkage program. Additionally, tramline systems were also
established in the highland areas where temperate vegetables were in major
areas of North, Central and South Philippines. The project has been implemented
in significant collaboration with the private grown. The market has experienced
growth after the launch of this program in 2004.
The Philippines cold chain market was evaluated to be PHP ~ billion in
the year 2018 and has grown at a CAGR of ~% during the period of 2013-2018. The
market witnessed a significant growth after the launch of ‘Philippines National
Cold Chain Program’ in 2004 which helped in establishment of cold chain
facilities in major areas of North, Central and South Philippines. Government
initiatives such as ‘Philippines Cold Chain Project’ launched in 2014, the
‘Build, Build, Build’ government initiative launched in 2018 to improve the
state of infrastructure in the country, the annual Philippines Cold Chain Expo
by CCAP and the growing number of quick service restaurants in the country have
also been vital factors for the growth in market.
HOW Philippines Cold Chain Market is Segmented?
By Type of Market:
In Philippines Cold
Chain Market, Cold Storage accounted for the largest share in the
overall cold chain market during 2018. The share has enhanced from ~% in 2013
to at ~% in 2018. This increase in the share of cold storage market has been
perceived on the grounds of increasing subsidies by the government on
infrastructure development in the country under its ‘Build, Build, Build’
initiative. On the other hand, the market share of cold transport in the
overall revenues of cold chain market of Philippines has consistently declined
from ~% in 2013 to ~% in 2018. The key contributive factors include the
on-going truck ban in the country which limits the number of transport vehicles
on road during specific hours of the day and the rising demand for cold storage
requirements in the country.
By Products: Perishable products such as fish,
meat, vaccines, cakes, fruits and vegetables are perishable commodities which
require cold chain logistics. Meat and seafood have accounted for the largest
revenue share of ~% in the Philippines cold chain market during 2018. Fruits
and vegetables happen to be the second leading category in the cold chain
business of the country. They are common daily need products such as bananas,
berries, onions, lettuce and more which are desired fresh by consumers. This
makes adequate cold chain facilities a major requirement for storing and
preserving fruits and vegetables. The category with third highest market share
in the industry was calculated to be dairy products which includes products
like milk, cheese and butter. Dairy products are also very common and have a
high demand in Philippines. Bakery and confectionary comprises of items
such as milk, curd, ice creams and others which could easily perish in minutes
under hot and humid climatic conditions of Philippines. This makes cold chain
an essential requirement for such products in Philippines. Vaccines and other
pharmacy products have contributed ~% to the revenues of the cold chain
industry in Philippines during 2018. Other products such as chemicals, eggs,
animal feed, processed foods such as hotdogs fries and more have contributed to
the remaining share of ~% in the cold chain market of Philippines in 2018.
Future Outlook to Philippines Cold Chain
Philippines cold chain market has witnessed
notable growth over the period 2019-2023. Growing demand for temperature
controlled products in the country, entry of several new players and government
initiatives and programs have propelled the cold chain market over the period
2019-2023. Additionally major players such as Jentec Cold Storage, Royal Cargo
and Glacier Megafridge have significantly expanded the capacity of their cold
storage facilities during the period 2013-2018. This has resulted in an impressive
growth in the market at a CAGR of ~% over the period 2013-2018. Thus, the
market was evaluated to reach PHP ~ billion in the year 2018. The future
prospects of the cold chain industry in Philippines look quite promising. The
growth of the Philippines cold chain market is expected to accelerate over the
forecasted period 2019-2023 owing to initiation of the Philippines Cold Chain Project
and other cold chain programs conducted by both the government and CCAP.
Furthermore, augmenting sales of meat, seafood and pharmaceuticals are expected
to lay the foundation for growth in Philippines cold chain market during the
period 2019-2023.
Key
Segments Covered:-
Philippines
Cold Chain Market
Philippines Cold Chain Market Size
Philippines Cold Chain Market Segmentation
By
Type of Market
By
Products
Philippines Cold Chain Market Future Outlook
Philippines Cold Storage Market
Philippines Cold Storage Market Size
Philippines Cold Storage Market Segmentation
By
Operations
By
Temperature
By
Size of Firms
By
Region
By
Ownership
Philippines Cold Storage Future Outlook
Philippines Cold Transportation Market
Philippines Cold Transportation Market Size
Philippines Cold Transportation Market Segmentation
By
Mode of Transport
By
Mode of Land Transport
By
Location
By
Vicinity
By
Ownership
Philippines Cold Transportation Future Outlook
Key
Target Audience:-
Cold Storage Companies
Cold Chain Companies
Active and Passive Pallet Manufacturers
Freight Forwarding Companies
Companies Seeking Col Chain Solutions
Cold Chain Logistics Companies
Companies seeking logistics services
Time
Period Captured in the Report:-
Historical
Period – 2013-2018
Forecast
Period – 2019-2023
Companies
Covered:-
Jentec Storage Inc.
Vifel Ice Plant and Cold
Storage Inc.
Glacier Megafridge Inc.
Royal Cargo Inc.
Royal Cold Storage Inc.
Koldstor Inc.
Polar Bear Freezing &
Storage Corporation
Big Blue Logistics
Corporation
Arctic Cold Storage
Antarctica Cold Storage
Frabelle Cold Storage
Mets Logistics
Royal Cargo
2Go Logistics
Jentec Cold Storage Inc
LBC Express
For
more information on the research report, refer to below link:-
Related Reports By Ken Research:-
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Vegetables, Bakery and Others), by Type of Cold Storage (Rented and Owned), by
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Storage (Manufacturing Cold Storage, Trading Cold Storage And Bonded Warehouse
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Limited, Lotte Logistics Vietnam Co. Ltd, Konoike Vina, CLK Cold Storage
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Indonesia. The report focuses on overall market size, cold chain market
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Vegetables and Others). The report also covers Comparison of Multiple Cold
Storage Firms, Industry Norms and regulations, Growth Drivers and Trends,
Issues and Challenges and competitive benchmarking. The report concludes with
market projection for future.
The report provides information on market size for India cold chain,
cold storage and cold transport. The report covers aspects such as cold chain
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storage market segment (by organized and unorganized, by size of firms, by
products, by domestic and international cold storage, by region and by owned
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unorganized, by domestic and international cold chain transport, by mode of
transport and by domestic and international cold chain companies), competitive
landscape of major players in India cold chain market and covering competitive
landscape of major cold chain companies including RK Foodland, Snowman
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Cold Chain, Gati Kausar Cold Chain Solutions and ColdEx Pvt. Ltd. The report
concludes with market projection for future and analyst recommendations
highlighting the major opportunities and cautions.
The report provides a
comprehensive analysis of cold chain market in China. The report covers market
size, Market segmentation by Type (Cold Storage and Cold Transport), by
Industries (Meat and Seafood, Fruits and Vegetables, Bakery, Pharmaceutical and
Others), by Type of Cold Storage (3PL and Owned), by Demand for Cold Storage by
Region (East China, South Central, North East, South West, North West and North
China), by Size of Warehouses (Small, Medium and Large), by Domestic and
International Cold Transport and By Modes of transport (Road, Air and Sea). The
report also covers value chain analysis, competitive landscape and company
profiles for major players including including Swire Cold Storage Limited,
Solidus logistics, Itochu Logistics, SF Express, Rokin Logistics China, DCH
Logistics, CMAC, Zheng Ming Logistics, Xianyi Supply Chain, SinoTrans PFS,
Zhong Rong Logistics , Shanghai Jiaoyun , Speed Fresh Logistics, HAVI Logistics
(Beijing) Co., Ltd., China Railway Express Co., Ltd., Dalian Refrigeration Co.,
Ltd., Dalian Tianbao Green Foods Co., Ltd., Shanghai Jiaoyun Rihong
International Logistics Co., Ltd. in China cold chain market. The report
provides detailed overview on future outlook & projections with analyst
recommendations for the industry.
The report provides a comprehensive analysis of cold storage, cold
transport and 3PL temperature controlled logistics market in Thailand. The report
covers market size, segmentation on the basis of cold storage and cold
transport and by the ownership, temperature range of the facilities and by the
region. The report also covers value chain analysis, competitive landscape and
company profiles for major players in Thailand cold chain market. The report
provides detailed overview on future outlook & projections with analyst
recommendations for the industry.
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Ken Research
Ankur Gupta,
Head Marketing & Communications
+91
9015378249
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