The
report titled “Oman Cold Chain Market Outlook to 2022 - By
Type (Cold Storage and Cold Transport); By End-user Industries (Meat and
Seafood, Poultry and Eggs, Confectionaries and Others); By Entity (Logistics
Owned and 3PL)”
by Ken Research suggested a positive CAGR of 11.4% in terms of total revenue of
the Oman cold chain logistics market in the next 5 years till 2022.
Most
of the food manufacturers and importers in Oman demand cold storage facilities
from the contractors owing to cost concerns, consumer preferences and to avoid
the complexities involved in the product handling, management and storage.
There
has been increase in the cold storage capacity by increase in the number of
cold storage pallets and cold transport infrastructure by companies to cater to
rising demand in Cold Storage facilities.
Omani government
decision to diversify the economy of
the country to reduce its huge dependence on oil money has led them to earmark
Logistics as key industry. This is majorly to leverage the geographical
advantage of Oman as the entry gate of GCC. With this huge investment in
logistics infrastructure, Oman will be the entry point of all major goods
entering into GCC especially the food import. The cold storage facilities are
maximum utilized by meat and seafood importing and exporting companies,
followed by Poultry and Eggs. Confectionaries also contribute to a major
portion of the usage percentage of the existing facilities. Increase in the
number of supermarkets and restaurant have triggered the demand for cold
storage and transport systems to keep the products fresh and maintain their
quality. There has been a rise in ‘just in time’ inventory systems utilized by
various companies to meet the demand for different products such as meat,
fisheries and agricultural and food products.
Rise in E-commerce
and the growing tech savvy population has triggered the online ordering of food
which has enhanced the demand for cold storage systems as various foods and
drinks require cold storage. The capacity of Oman Cold chain industry has
increased over the years. With the rise in food and pharmaceutical imports in
the future the demand for cold storage facilities in Oman is further going to
peak up. Major players in the cold chain logistics are preparing for this
expected increase in demand by expanding their capacity.
For
more information on the research report, refer to below link:
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https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/india-cold-chain-market/143603-100.htmlhttps://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/vietnam-cold-chain-market/142347-100.html
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sales@kenresearch.com
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