How Is The Philippines Cold Chain Market Positioned?
During the 1980s till 2002, the Philippines ' frozen storage industry was considered to be in its nascent or emerging phase. Owing to the geographical location, the country experiences a high average annual temperature ranging from +21C to +32C. This results in high demand for low-temperature control services including cold storage pallets. However, during this phase, there was an acute shortage of cold chain solutions especially in rural areas which augmented the demand in this industry. On the contrary, the market also faces challenges of high maintenance costs indicating a dire need for government and private initiatives to instill momentum in the sector. The year 2002 witnessed the formation of the Cold Chain Association of the Philippines, commonly referred to as CCAP with over 100 logistics and construction companies as its members.
Consequently, initiatives such as the Philippines National Cold Chain Program launched in 2004 by USDA Food for Progress, Philippine Nautical Highway System and introduction of RORO system in 2015 also propelled the frozen industry of the country. Presently, the market is in its growth stage and has constantly risen to owing to factors such as increasing demand for cold transport and blast freezer services, increase in per capita income and growing consumer preference for fast food products. Budding e-commerce business and online grocery shopping have also positively impacted the cold storage business.
What Is Philippines Frozen Storage Demand Side Analysis?
To assess the demand for frozen pallets in the Philippines, our team compared the Philippine market with Indonesia market including frozen food production and imports estimating the amount at ~ million tons and ~ million tons during 2019 for Philippines and Indonesia respectively. Thus, for the number of pallets positions per ton to be at par between the Philippines and Indonesia, The Philippines should have ~ pallet positions, implying a shortage of around ~ pallets. Moreover, since the Philippines have ~ times higher food wastage than Indonesia, the additional pallet position required in the Philippines was around ~ pallets in 2019.
What Is The Demand-Supply Gap For Frozen Storage Pallets In the Philippines?
The Philippines required additional ~ pallet positions to meet the frozen food consumption requirement accounting for food wastage. In the next five years until 2025, we are anticipating this gap to be reduced to approximately ~ pallet positions as various players complete their respective expansion projects.
Key Segments Covered: -
Types of Products:
Meat and Seafood
Fruits and Vegetables
Dairy Products
Bakery and Confectionary
Vaccination and Pharmaceuticals
Others (Include animal feed, hotdogs, burgers, fries, chemicals and several others)
Key Target Audience
Cold Storage Companies
Cold Chain Companies
Cold Transport Companies
Captive Cold Storage Companies
Captive Cold Chain Companies
Logistics Companies
Non-captive Companies
Cold Chain Associations
Logistics Associations
Private Equity Firms
Venture Capitalists
Time Period Captured in the Report:
Historical Period: 2014-2019
Forecasted Period: 2020F-2025F
Companies Covered:
Jentec Cold Storage
Glacier Megafridge
Mets Logistics
Royal Cargo
Big Blue Logistics
Royale Cold Storage
ORCA Cold Chain
Vifel Ice Plant & Cold Storage
Koldstor Inc.
Polar Bear Freezing Services
Frabelle Cold Storage
Arctic Cold Storage
Igloo Supply Chain
Antarctica Cold Storage
VVS Cold Storage
Crystal Cold Storage
Benson Industrial Cold Storage
JM Processing
Cold Chain Warehouse Specialist
San Simon Cold Storage
Cebu Subzero Logistics
Estrella Cold Storage
WCL Cold Storage
Technofreeze
Aspen Cold Storage
Key Topics Covered in the Report: -
Executive Summary
Research Methodology
Ecosystem of Philippines Cold Chain Market
Infrastructural Analysis of Philippines
Value Chain Analysis of Philippines Cold Chain Market
Comparative Analysis of Philippines with Other Cold Chain Markets Philippines Cold Chain Market
Philippines Cold Storage Market
Philippines Cold Transport Market
Regulatory Landscape of Philippines Cold Chain Market
Trends and Developments in Philippines Cold Chain Market
Issues and Challenges in Philippines Cold Chain Market
Decision Making Parameters for End Users in Philippines Cold Chain Market
SWOT Analysis of Philippines Cold Chain Market
Competitive Landscape in Philippines Cold Chain Market
Macroeconomic Factors Impacting Philippines Cold Chain Market
Analyst Recommendations
For More Information on the research report, refer to below links: -
Related Reports by Ken Research: -
Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
