Philippines Cold Chain Logistics Market Overview:
The Philippines Cold Chain
Market has seen a comprehensive and a significant growth over the last few
years owing to rising domestic consumption of meat and seafood, expansion of
existing warehousing by companies and increasing government initiatives and investments.
This results in high demand
for low temperature control services including cold transport and cold storage
pallets for frozen food products and pharmaceuticals. While the majority of
Philippines had been in a state of lockdown, cold chain businesses were still
open as the sector was classified as essential, during Covid-19 crisis. There
was an acute shortage of cold chain solutions especially in rural areas which augmented
the demand in this industry. The market also faced few challenges of high
maintenance costs indicating a dire need for government and private initiatives
to instill momentum in the sector. However, the country witnessed an increase
in online food retail, inevitably affecting the food supply chain and
positively impacting the cold chain sector as they witnessed an increase in
demand for pallet space in their facilities as a result of the pandemic.
The rise in the demand for
processed food in the country has necessitated the development of cold chain
facilities in the country and has propelled the growth of the industry in
Philippines.
Presently, the market is in
its growth stage owing to rising domestic consumption of meat and seafood,
expansion of existing warehousing by companies and increasing government
initiatives and investments in the country. Also, the rising middle class,
booming e-commerce market and the decentralization trend outside of Metro
Manila are shaping the Philippines Cold Chain Industry Market.
Philippines
Cold Chain Market Segmentation:
By
End User: Meat & Seafood segment dominates majority of the
market revenue share, followed by others.
By
Ownership: The Philippines Cold Chain Industry Ecosystem is Driven
by Large Scale 3PL Companies. This holds for both storage and transportation.
By
Type: The Philippines Cold Chain market can be further
classified into Cold Storage and Cold Transport.
Philippines
Cold Transport Market Segmentation:
Philippines cold transport
market was evaluated to grow positively during 2016-2021. Infrastructural
development by the government, increasing number of food businesses and
inclining number of cold transport companies are propelling the market growth.
Correspondingly, increasing 3PL services for reefer trucks and rising demand
for fast food from quick service restaurants has been the major growth driver
for cold transport market in Philippines. However, due to the extreme weather
conditions, moving cold chain commodities such as pharmaceutical and dairy
products within Philippines always bears a higher risk. Government is planning
to increase infrastructure expenditure reaching significant proportion of GDP
by 2022. This is projected to positively impact road network for cold transport
services.
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By
Truck Type: Mostly smaller vans with 5-10 tons capacity
are used due to underdeveloped road infrastructure.
By
Mode of Transportation: Cargo transportation is done by road
and RORO facility which is more economical way to transport the goods between the
Islands.
By
Location: Philippines cold transport market is largely import
oriented.
By
End User: Meat & Seafood segment dominates majority of the
market revenue share, followed by others.
Philippines
Cold Storage Market Segmentation:
By
Temperature range (by number of pallets): The companies charge
varying prices from their clients on per pallet per day basis.
By
Automation (by pallets): Surge in demand of value-added services
has made cold storage companies opt for automation services.
By
Region: There is high concentration of warehouses in Luzon
Island group owing to several factors.
Market
Size of Major End Users:
The report also cover market
size of major End Users of Frozen Storage market in Philippines such as Meat
and Seafood market, Dairy Products market, Pharmaceutical market and
Ready-to-Eat market.
Competition
Landscape in Philippines Cold Chain Market?
The Cold chain market is
highly fragmented and is home to triple digit cold transportation & storage
players (not including captives). Additionally, Cold chain companies are
competing on parameters such as number of Warehouses, Location, Temperature
range offered, Pallet Positions, Pallet Positions by type, Prices, Occupancy
rate, Revenue PHP. Increased technological innovations, expansion of pallets by
major companies, entry of new players such as Antarctica Cold Storage, Aspen
Logistics, San Simon and more have added more competition parameters in the
market. Other companies include Glacier Megafridge, Royale Cold Storage, Big
Blue Logistics, Mets Logistics, ORCA Cold Chain, Fast Logistics Group, Igloo
Supply Chain, Arctic Cold Storage, VVS Cold Storage (Vifel), Antarctica Cold
Storage, Crystal Cold Storage, JM Processing, San Simon Cold Storage, Estrella
Cold Storage, Cebu Subzero Logistics, Everest Cold Storage, Aspen Cold Storage
What
is the Future Outlook of Philippines Cold Chain Market?
Philippines cold chain
market is expected to register a positive CAGR during 2021-2026F owing to
increasing infrastructure investment to improve connectivity for cold transport
business, high domestic demand for seafood and meat products, growing focus on
ISO and LEED certifications for frozen storages, automation in cold storages
through ASRS, WMS and RFID and incorporation of quick or blast freezing
services. Demand for perishable food products is expected to increase due to
the rising disposable income and retail spending of the people in the country,
which will necessitate the development of cold storage facilities and
positively affect the market growth.
Key Topics
Covered in the Report
- Executive Summary
- Temperature Controlled Storage Market Philippines
- Research Methodology including market
definitions, market size and modeling
- Industry Value Chain for Philippines Cold
Chain companies
- Philippines Cold Chain Market size (by
revenue)
- Philippines Cold Chain Market Segmentation (by
Cold Storage & Cold Transport, by End User Application, by Ownership)
- Landscape on Philippines Warehousing Market
- Snapshot on Philippines Cold Storage Market
- Snapshot on Philippines Cold Transport Market
- Industry Analysis for Philippines Cold Chain
Market
- Issues and Challenges in Philippine Cold Chain
Market
- SWOT Analysis of Philippines Cold Chain
Industry
- Competitive Landscape in Philippine Cold Chain
Market
- Philippines Cold Chain Market Future Market
size and predictions
- Analyst Recommendations
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