Government Initiatives: Government of Japan provided USD39 million to UNICEF for establishing cold chain settings in Nigeria and 31 countries. The funds would be utilized for purchasing cold chain equipment, including walk-in freezer room, solar vaccine refrigerators, temperature-controlled devices, technical assistance, and facilitate monitoring of vaccine potency. In 2021, the Launch of Your Virtual Cold Chain Assistant (Your VCCA) project, which is data-driven mobile software that bridges gap between post-harvesting infrastructure and technology by increasing access to cold storage facilities in Nigeria, and monitor shelf-life of produce in real-time by farmers. Lagos held 2nd West Africa Cold Chain Summit and Exhibition (WACCSE) which aimed at bringing together the government and banks in private sector which would stimulate cold chain industry. With the grants given by the initiative "PLAN", Cold Hubs Ltd, conceptualized solar and diesel-powered cold storage spaces and refrigerated truck solutions, on easy low-cost repayment model.
Ever Lasting Demand: The demand for cold chain is driven by the growth and presence of agricultural and pharmaceutical companies. Since the population is growing in Nigeria, we can expect the cold chain industry to ultimately grow in the coming decades. Investment by international players such as DHL, have started offering advanced cold chain facilities to cater to pharmaceutical clients. Rising incomes and increased awareness on the nutritional benefits of milk and dairy products, coupled with changes of taste of preferences among Nigeran consumers, have contributed to the growing demand for milk and dairy products.
Adoption of New Technologies: The cold storage facilities need to maintain temperature 24*7, and regular power supply is needed for that. Since, Nigeria is not equipped with right proper power infrastructure yet, solar powered cold storage facilities are an amazing innovation, introduced recently in the market. Cold storage units that use solar electricity as a power source have been introduced to as an innovation to overcome this problem. Companies like cold hubs are the market leaders in this segment.
Analysts at Ken Research in their latest publication “Nigeria Cold Chain Market Outlook to 2026 – Driven by high food produce wastage due to lack of cold chain infrastructure, solar-focused start-ups, and increased disposable income of consumers” by Ken Research observed that Cold Chain market is an emergent market in Nigeria at a growing stage even during the pandemic as well. The rising of E-Commerce Companies and the increase in pharmaceuticals imports, along with the burgeoning demand for Processed and Packaged Foods, is expected to contribute to the market growth over the forecast period. The Nigeria Cold Chain Market is expected to see high growth rate over the forecasted period 2021-2026F.
Key Segments Covered:-
Nigeria Cold Chain Market
By Cold Chain Market Size (by Revenue), 2021 & 2026F
Cold Transportation (Revenue, Reefer trucks, Price)
Cold Warehousing ( Revenue, Price, Space, occupancy rate)
Nigeria Cold Warehousing Market:-
By Pallet Size (by Revenue), 2021 & 2026F
Chilled
Frozen
Ambient
By End-User (by Revenue), 2021 & 2026F
Meat & Seafood
Fruits and Vegetables
Pharmaceuticals
Dairy Products
Others (Horticulture & more)
By Geography (by Revenue), 2021 & 2026F
Lagos State
Ogun State
Others (Imo State, Abuja State).
Nigeria Cold Transportation Market:-
By Mode of Transport (by Revenue), 2021 & 2026F
Land
Air
Sea
By Type of Freight (by Revenue/Price or No of Reefer Trucks), 2021 & 2026F
International Freight
Domestic Freight
By End-User (by Revenue), 2021 & 2026F
Meat & Seafood
Fruits and Vegetables
Pharmaceuticals
Dairy Products
Others (Horticulture & more)
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Key Target Audience:-
Cold Transport Companies
Warehousing Companies
Pharmaceuticals
Food & Vegetables Providers
Meat & Seafood Providers
Dairy products Companies
Government and Institutions
Time Period Captured in the Report:-
Historical Period: 2016-2020
Base Year: 2021
Forecast Period: 2022– 2026F
Companies Covered:-
MDS Logistics
Zenith Carex
TranEX
Red Star
Cold Hubs
Kenie-O-Cold Chain Logistics
Wigmore Trading
Flux Logistics
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Key Topics Covered in the Report:-
Nigeria Cold Chain Market Overview
Nigeria Cold Chain Market Economy
Nigeria Cold Chain Market Demographics
Nigeria Cold Chain Market Value Chains
Ecosystem of Major Entities in Nigeria Cold Chain Market
Current Technologies in Nigeria Cold Chain Market
Current Solar-based Technologies in Nigeria Cold Chain Market
Cross Comparison of Technologies in use in Nigeria Cold Chain Market
Emerging Technologies in Nigeria Cold Chain Market
Logistics Infrastructural Analysis of Nigeria.
Genesis of Nigeria Cold Chain Market
Nigeria Cold Chain Market Size and Segmentations
COVID Impact on Cold Chain Industry of Nigeria
Trends and Developments in Nigeria Cold Chain Market
Issues and Challenges in Nigeria Cold Chain Market
Decision Making Process and Factors for selecting a logistics partner in Nigeria
Decision Making Parameters for selecting a logistics partner in Nigeria
Strengths, Weaknesses, Opportunities and Threats for Nigeria Cold Chain Industry
Competition Landscape
Strengths and Weaknesses of Major Players in Nigeria Cold Chain
End-User Potential in Nigeria Cold Chain Market
Future Market Outlook and Segmentations for Nigeria Cold Chain Market
Cold Transportation Future Market size by Revenue and Segmentation, 2022-26F
Cold Chain Future Market Segmentation by End Users, 2022-26F
Analyst Recommendations
For more insights on the market intelligence, refer to below link:-
Related Reports By Ken Research:-
Philippines Cold Chain Market Outlook To 2026F
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