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)” which provides a
comprehensive analysis of cold chain market in Oman. The report covers Oman
Cold Chain market size, segmentation by cold storage and cold transport and by
end user industry type and by the ownership. The report also covers competitive
landscape and company profiles for major players in Oman cold chain market. The
report provides detailed overview on future outlook & projections for the
industry.
The report facilitate the readers with the identification and
in-depth analysis of the existing trends prevalent in the industry and anticipated
growth in the future depending upon changing industry dynamics in coming years.
The report is useful for cold chain companies, logistics companies, warehousing
automation service provider, frozen meat and seafood companies, Poultry and
Eggs industry, pharmaceutical companies and other stakeholders to align their
market centric strategies according to ongoing and expected trends in the
future.
Market
Overview
The cold chain market is in a growth stage and
there are quite a few players providing complete logistics services for
multiple products such as meat, vegetables, dairy, poultry and pharmaceuticals.
The services include Cold Storage, Cold Transport, Inventory Management, Custom
Clearance and other 3PL logistics services. Smaller
players cater to only limited portfolio of products/services. The government
has made attempts to diversify the economy and reduce its dependence on oil.
The logistic sector has been identified as the major sector which can
contribute to the GDP of the country because of the strategic geographical
location of Oman.
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. The occupancy rate of the cold storage facilities across the
industry stands at over 50%. Oman
represents an attractive opportunity for refrigerated logistics service
providers to serve the growing pharmaceutical industry. 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.
Oman Cold Chain Market Segmentation By Cold
Storage and Cold Transport
Cold transport have dominated the cold chain
market in 2017 by attributing highest market share owing to the fact that the
cost involved in the cold transport is relatively much higher than that of cold
storage. Hence, the revenue margins are much higher in cold transport than in
cold storage. Cold storage market has second highest share in the total cold
chain market in Oman for the year 2017. Cold storage services are in demand
because of the increase in the consumption and import of meat and seafood is
increasing across the country. 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 products over the
period 2011-2016 which has affected the cold logistics market positively. Cold
transport involves several stages including procurement of the goods from
manufacturing unit to different modes of transportation and delivery of the
products to the retailers. The industries demanding cold transport include
supermarket and hypermarket.
Oman Cold
Chain Market Competitive Scenario
Oman cold chain market is highly fragmented in
nature and is at the nascent stage. The companies compete on various parameters
including the warehouse capacity, number of pallets, fleet, temperature range,
network coverage and locations. The major players in Oman cold chain market
include Al Madina Logistics, ILS Logistics, Agility Logistics and others.
Oman Cold
Chain Market Future Outlook
Oman cold chain market is anticipated to
increase at a double digit CAGR during 2017-2022 owing to the government’s
initiative to establish Oman as a major logistics hub in GCC and increase the
volume of trade passing through its ports. Additionally, there is surging
demand for refrigerated deliveries and warehouses near major population
centers. Recently, a food cluster is added to the list of development projects
around Sohar Port which is likely to spike the demand for cold storage
facilities. Major players in the cold chain logistics are preparing for this
expected increase in demand by expanding their capacity. The frozen food
industry is expected to rise in the future because of its popularity as a
convenience food and this is expected to increase the demand for the cold
storage facilities. The increase in the import of bio pharmaceuticals will further
enhance the demand for cold storage and transport facilities as these pharmaceutical
products require temperature controlled environment for maintaining their
quality. The number of companies is expected to increase as this market offers
compelling opportunities.
For more information on the research report,
refer to below link:
Related Reports
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
sales@kenresearch.com
+91-9015378249
