Analysts at Ken Research in their latest publication “Saudi
Arabia 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, Meat and Seafood, Pharmaceuticals, Fruits and Vegetables and
Others) and By Ownership (Integrated and Third Party Logistics)” believe that the cold chain
market in Saudi Arabia has been increasing largely due to growth in modern
retail stores, increase in demand and consumption of perishable products and increasing
pharmaceutical imports in the country. The market is expected to register a
positive CAGR of 11.2 % in terms of revenue during the forecasted period 2018-2023E.
“Increasing imports of meat and
seafood and pharmaceuticals and rising consumer retail spending has driven the cold chain market in Saudi Arabia”
Rising Imports of
Food Products and Pharmaceuticals: Due to country’s arid climatic
conditions, around 75.0% of the food requirements of country are met
through imports from countries such as Brazil, India, Australia, New Zealand,
USA, France and others. The country also imports a large quantity of pharmaceuticals
as it lacks domestic production of pharmaceutical supplies. In the last few years, the market also witnessed an
impressive incline in the consumer retail spending in the country. According to
the Global Storage Capacity Report, 2018 by GCCA, the consumer retail spending on
grocery grew at a CAGR of 9.5% over the period 2012-2017.
Rising
Prevalence of 3PL Companies: The market witnessed a strong demand for
full-fledged integrated distribution centres that included logistics’ facilities,
cold storage, dry storage and supporting retail facilities, as a result, demand
for new-generation logistics facilities (built-to-suit) increased in the market
and increase growth potential for 3PL companies that could handle stock
distribution for companies with large and sophisticated supply chains. Currently, majority of the
cold storage warehouses are concentrated in cities such as Riyadh, Jeddah and
Dammam, however it was witnessed that many 3PL companies were planning to
expand their operations across other cities as well to exploit the rising
opportunities in the KSA logistics sector.
Increasing
Investments in Infrastructure: The growing cold chain market of Saudi Arabia is
simultaneously witnessing increasing number of new players and existing players
expanding their current level of operations, and with the gates opening for the
private sector including major players such as Al-Faisaliah, Abu Dawood, Tamer,
Sunbulah, Al-Baik, Flow Progressive, among others, it is expected that these
companies will upgrade and enhance the country’s logistical infrastructure to
capitalize on the new opportunities. On the other hand, government
initiatives such as Saudi Vision 2030 which encompasses a nine-point strategy of process
streamlining, market liberalization, privatization, infrastructure enhancement,
new free economic zones, governance and regulatory reforms has also maximized country’s
strategic advantage to evolve into a “go-to logistics hub” for the Middle East
region.
Keywords
Saudi Arabia Cold Chain Market
Saudi Arabia Cold Chain Industry
Saudi Arabia Cold Storage Market
Saudi Arabia Cold Transport Market
Cold Storage Warehouses KSA
Cold Transport KSA
Frozen Warehousing KSA
Number of Cold Storage Facilities KSA
Cold Transport Fleet Size Saudi Arabia
Cold Storage Space in KSA
Refrigerated Warehouses KSA
KSA Cold Chain Logistics
Cold Chain Businesses Saudi Arabia
Cold Rooms Market Saudi Arabia
Chiller Rooms in KSA
Temperature Controlled Logistics Saudi
Arabia
Ambient Warehousing Market KSA
Third Party Cold Warehousing KSA
Cold Storage Market Jeddah
Cold Storage Market Riyadh
Cold Storage Market Dammam
Cold Transport Industry Saudi Arabia
Refrigerated Transport Saudi Arabia
Saudi Arabia Cold Chain Market Revenue
Cold Chain Companies KSA
Saudi Arabia Cold Storage
Saudi Arabia Refrigerated Storage
Saudi Arabia Refrigerated Warehouses
Saudi Arabia Cold Transport
Saudi Arabia Cold Chain Users
Saudi Arabia Cold Chain Cost
Saudi Arabia Cold Storage Pallet Space
Saudi Arabia Cold Transport Freight
Owned Cold Warehouses Saudi Arabia
Saudi Arabia Cold Chain Companies
Saudi Arabia Cold Chain Players
Saudi Arabia Cold Chain Technologies
Saudi Arabia Cold Chain Regulations
3PL Cold Storages Saudi Arabia
Saudi Arabia Agility Logistics
Saudi Arabia Mosanada Logistics
Saudi Arabia Takhzeen Logistics
Saudi Arabia Cold Chain Industry Trends
Saudi Arabia Cold Chain Future
Saudi Arabia
Cold Chain Challenges
Key
Segments Covered
By
Type of Market
Cold Storage
By Temperature
Frozen
Chilled
Ambient
By Major Cities
Riyadh
Jeddah
Dammam
Others
Cold Transport
By Mode of Transport
Land
Sea
Air
By Location
Domestic
International
By
End-User Application
Dairy Products
Meat and Seafood
Pharmaceuticals
Fruits and Vegetables
Others
By
Ownership
Owned
Third Party Logistics (3PL)
Key
Target Audience
Cold Chain Companies
Logistics Companies
Private Equity Investors
Government Associations
Express Logistics Companies
Industry Associations
Warehousing Companies
E-Commerce Operations
Investors and Private Equity Companies
Logistics Companies
Dairy Companies
Meat and Seafood Companies
Fruits and Vegetables Companies
Pharmaceutical Companies
Time
Period Captured in the Report
Historical
Period: 2013-2018
Forecast
Period: 2018-2023E
Companies
Covered
Agility Logistics
Mosanada Logistics
Tamer Logistics
United Warehouse Company Limited
Wared Logistics
Takhzeen Logistics
Etmam Logistics (Shahini Group)
Himmah Logistics
Globus Logistics
Flow Progressive
Four Winds
Storkom
Sasat Logistics
Key Topics Covered in the
Report
Saudi Arabia Cold Chain Market Value
Chain
Saudi Arabia Cold Chain Market Size by
Revenue, 2013-2018
Saudi Arabia Cold Chain Market
Segmentation, 2018
Saudi Arabia Cold Chain Market
Competitive Landscape
Saudi Arabia Cold Chain Storage Market Operating
and Profitability Model
Saudi Arabia Cold Chain Market End-User
Potential
Saudi Arabia Cold Chain Market Company
Profiles of Major Players
Saudi Arabia Cold Chain Market Future
Outlook and Projections, 2018-2023E
Saudi Arabia Cold Chain Market Future
Segmentation, 2018 - 2023E
Saudi Arabia Cold Chain Market Analyst
Recommendations
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Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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