“Driven by Rising Packaged Foods Consumption and Owing to the Growing Millennial Population, Portugal’s cold chain market thereby has ample growth opportunities with its increase in revenue.”
Growth of Cold Chain industries: Portugal’s 67% Urban Population defines the level of development that is there in the nation. The situation of the pandemic has helped the market of cold chains to grow. Due to the increase in demand for pharmaceutical products, as well as the rise in e-commerce resulting from the pandemic the cold chain market in Portugal has significantly grown in recent years. The market for fish and other seafood, meat, and frozen foods have the highest revenue share from frozen temperature. It is followed by the chilled temperature market, which features fruits, vegetables, and dairy mostly.
E-Commerce companies and Organized Retail in the country: The supply chain and logistics industry has seen exponential growth in e-commerce. Due to the rise in DTC (Direct to Consumer), there has been exponential growth in cold storage on a micro-level. Also, organized retail and food service industries have emerged as new cold chain growth drivers, majorly due to changing consumption and lifestyle patterns. Increasingly, consumers demand a large variety of temperature-sensitive commodities which has led to rising cold chain infrastructure.
Custom Duties and Value-Added Tax in goods: The duty rates applied in Portugal vary according to the origin of the goods. There are several origin agreements that exempt from duties, the importation of goods from certain countries or that determine reduced rates. The reduced rate is applicable to the supply of some food products, food and beverage services, musical instruments, agricultural tools, or ornamental flowers.
Fuel Prices and Energy Situation in Portugal: Cold transport prices are calculated based on fuel prices and the distance covered. A sharp and constant rise in prices of fuel causes the prices charged by cold transport to rise continuously. The rising prices of electricity due to the Russia-Ukraine war and the looming energy crises in Europe might impact the Cold Chain industry through an increase in power costs or due to power shortage.
Analysts at Ken Research in their latest publication “Portugal Cold Chain Market Outlook to 2026F: Driven by Rising Packaged Foods Consumption Owing to Growing Millennial Population” observed that the Cold Chain market is an emerging market in Portugal at a rebounding stage from the economic crisis after the pandemic. The rising government policies and demand for Cold Chain, rising domestic consumption of fish and other seafood, meat, and frozen foods along with government initiatives are expected to contribute to the market growth over the forecast period. The Portugal Cold Chain market is expected to grow at a 5.6% CAGR during 2021-2026F owing to the change in lifestyle and urbanization which led to rising domestic consumption of processed food.
Key Segments Covered:-
Portugal Cold Chain Market
By Type
Cold Transport
Cold Warehousing
By End User
Meat and Seafood
Fruits and Vegetables
Pharmaceuticals
Dairy Products
Portugal Cold Transport Market
By Type of Freight
Domestic Freight
International Freight
Mode of Freight
Land
Sea
Air
By Size of Truck
Small (6 pallets capacity)
Medium (20 pallets capacity)
Large (33 pallets capacity)
By End User
Meat and Seafood
Fruits & Vegetables
Pharmaceuticals
Dairy Products
Portugal Cold Warehouses Market
By Type of Cold Warehouses
Frozen
Chilled
Ambient
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By End User
Meat and Seafood
Fruits & Vegetables
Pharmaceuticals
Dairy Products
Processed foods
Frozen Foods
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: 2016-2021
Base Year: 2021
Forecasted Period: 2021-2026F
Companies Covered:-
Americold Logistics
STEF Portugal
NC Logistica
Frigoservice
Paulo Duarte
Primafrio
Luis Simoes
Olano Logistics
Rangel
Soapa Europa
TPCF
TJA
UPS
Logifrio
TIBA Group
HAVI Logistics
Antonio Frade
Transfrio
Key Topics Covered in the Report:-
Portugal Cold Chain Market Overview
Portugal Cold Chain Industry Supply Ecosystem
Portugal Cold Chain Market Size, 2016-2021
Portugal Cold Chain Market Segmentation (By Cold Storage and Cold Transport, By End Users), 2021
Portugal Cold Storage Market Ecosystem
Portugal Cold Storage Market Size, 2016-2021
Portugal Cold Storage Market Segmentation (by Temperature Range, by End Users), 2021
Portugal Cold Transport Market Overview
Value Chain Analysis of Portugal
Portugal Cold Transport Market Revenue, 2016-2021
Portugal Cold Transport Market Segmentation (by Type of Reefer Truck, by Mode of Transportation, by End Users), 2021
Portugal Cold Chain Market Competition Landscape
SWOT Analysis of Portugal Cold Chain Market
Regulatory Landscape of Portugal Cold Chain Market
Growth drivers of Portugal Cold Chain Market
Issues and Challenges in Portugal Cold Chain Market
Recent Trends in the Portugal Cold Chain Market
End User Analysis of Portugal Cold Chain Market
Future Outlook of Portugal Cold Chain Industry, Cold Storage Market, cold Transport Market, 2021-2026F
Market Opportunities and Analyst Recommendation
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