Showing posts with label Refrigerated Transport UAE. Show all posts
Showing posts with label Refrigerated Transport UAE. Show all posts

Tuesday, July 5, 2022

Increase in Number of Refrigerated Warehouses, Growth in Pharmaceutical Sector and High Demand for Perishable Products such as Dairy, Meat and Seafood will drive the UAE Cold Chain Market: Ken Research

Key Findings

  • Cold storage and cold transport markets contributed ~60% & 40% share respectively to the revenue of the cold chain industry in 2020. However, it is anticipated that the cold transportation market will contribute ~ 42% revenue share by the year ending 2025 owing to the rising demand for temperature-sensitive products in the country.
  • Factors such as increase in number of refrigerated warehouses, growth in pharmaceutical sector and high demand for perishable products such as dairy, meat and seafood are expected to drive the growth of the cold chain logistics market in the country.
  • Rafed, an Abu Dhabi-based healthcare procurement company, has partnered with Abu Dhabi Ports to establish the UAE’s largest cold storage facility for Covid vaccines. The state-of-the-art facility can store vaccines at temperatures ranging from 8 to -80° Celsius.

Government Initiatives:  Under the country’s economic diversification plans like UAE Vision 2021, Abu Dhabi Vision 2030 and Dubai’s Industrial Strategy 2030 aimed at reducing the economy’s dependence on Hydrocarbon exports, development of the logistics sector is held as an important strategic goal for sustained long term growth of the economy as UAE becomes a crucial trans-shipment hub for Europe-Asia-Africa trade. The Federal Competitiveness and Statistics Authority expect logistics to contribute 8% of the economy in 2021, rising from the levels of 5.4% in 2017. The UAE is avidly investing in development projects like the China-led global roads ways project “Modern Silk Route”, Etihad Railways which would function as a viable alternative to road cold transport in the Gulf region. 3PL Cold Storages UAE

Rising Imports of Food Products and Pharmaceuticals: Due to country’s arid climatic conditions, around 80.0% of the food requirements of country are met through imports from countries such as Brazil, India, USA and others. The pharmaceutical sector has grown at a greater scale in UAE and also across the globe. Covid-19 is the major driving factor because of which the healthcare industry has been advancing at an alarming rate. Expansion of operations by pharmaceutical companies, the growth of medtech companies and localized research and development in healthcare are major factors that have led to the boom of healthcare sector in UAE. The imports of pharmaceutical products in UAE were USD 4.08 Billion during 2019 and the trade volumes grew from 33,000 tons during the first quarter in 2020 to 48,600 tons in 2021. Around 95% of the global pharmaceutical companies have presence in the UAE which provides logistics access to 43 countries worldwide.

Rising Prevalence of 3PL Companies: The market witnessed a strong demand for full-fledged integrated distribution centers that included logistics’ facilities, cold storage, dry storage and supporting retail facilities, as a result, demand for new-generation logistics facilities (built-to-suit) increased in the market and increase growth potential for 3PL companies that could handle stock distribution for companies with large and sophisticated supply chains. Currently, majority of the cold storage warehouses are concentrated in Dubai and Abu Dhabi, however it was witnessed that many 3PL companies were planning to expand their operations across other cities as well to exploit the rising opportunities in the sector.

Analysts at Ken Research in their latest publication UAE Cold Chain Market Outlook to 2025 – The Cold Chain Market in UAE is Thriving with the Advent of Government’s Economic Diversification Plans Coupled with UAE’s Increasing Adoption of Technology and Automation believe that the Cold Chain market in UAE is expected to grow due to growth in the demand for food items, increase in manufacturing activity in the pharmaceutical industry and government initiatives to improve the logistics infrastructure in the country. The market is expected to register a positive CAGR of 7.3% in terms of revenue during the forecasted period 2020-2025F.

Key Segments Covered

By Type of Market

  • Cold Storage
  • By Temperature
  • Ambient
  • Chilled
  • Frozen
  • By Ownership
  • Integrated
  • Contract
  • By End-User Application
  • Meat and Seafood
  • Dairy Products
  • Pharmaceuticals
  • Vegetables and Fruits
  • Others
  • By Major Emirates
  • Dubai
  • Abu Dhabi
  • Sharjah
  • Others
  • By Major Areas
  • JAFZA
  • DIP
  • DIC
  • Al Aweer
  • Others
  • Cold Transport
  • By Mode of Freight
  • Land
  • Sea
  • Air
  • By Type of Freight
  • Domestic
  • International
  • By Contract and Integrated Logistics
  • Integrated
  • Contract
  • By End-User Application
  • Meat and Seafood
  • Dairy Products
  • Pharmaceuticals
  • Vegetables and Fruits
  • Others

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTE1MTg1

Key Target Audience

  • Cold Chain Companies
  • Logistics Companies
  • Government Associations
  • Express Logistics Companies
  • Industry Associations
  • Warehousing Companies
  • E-Commerce Operations
  • Investors and Private Equity Companies
  • Logistics Companies
  • Dairy Companies
  • Meat and Seafood Companies
  • Fruits and Vegetables Companies
  • Pharmaceutical Companies

Time Period Captured in the Report

  • Historical Period: 2015-2020
  • Forecast Period: 2020-2025F 

Companies Covered

  • GAC
  • GSL
  • Mohebi
  • CEVA
  • RHS
  • Hellmann
  • DB Schenker
  • Khalidia Shipping
  • Kuehne and Nagel
  • Agility
  • Al Futtaim
  • DSV Panalpina
  • Triburg
  • RSA Cold Chain
  • Sharjah cold stores
  • Bhatia Brothers
  • Tameem logistics

Key Topics Covered in the Report

  • UAE Cold Chain Market Overview
  • Infrastructure Analysis
  • Existing and Emerging Technologies
  • UAE Cold Chain Market Value Chain
  • UAE Cold Chain Market Size by Revenue, 2015-2020
  • UAE Cold Chain Market Segmentation and Segment Future, 2020-2025F
  • End User Industry Analysis And Future Growth Potential
  • UAE Cold Chain Market Competitive Landscape
  • UAE Cold Chain Market Company Profiles of Major Players
  • Regulatory Environment
  • Industry Trends and Developments
  • Industry Issues and Challenges
  • Analyst Recommendation
  • UAE Cold Chain Market Future Outlook and Projections, 2020-2025F
  • UAE Cold Chain Market Analyst Recommendations

Related Reports

Competition Benchmarking of Top Logistics Players in UAE in Transportation, Warehousing, 3PL, International Express, Domestic Express, Automotive, Pharma, Oil and Gas and Retail Logistics

UAE E-Commerce Logistics Market Outlook to 2025 – Driven By Growth in Online Shoppers Along With Introduction of New Age Technologies by Logistics Players

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

Thursday, April 14, 2022

UAE Cold Chain Market Research Report with Size, Share, CAGR Status, Future Outlook, Growth Analysis, Key Manufacturers and Forecast 2025: Ken Research

Overview: UAE contributes to the second highest revenue share in the cold chain sector in the GCC region. It has consolidated its position as a global transshipment hub due to its central location in the GCC region. The high dependence of the country on imports to meet its food requirements has necessitated the development of cold chain facilities. Considering the very high temperature and humidity levels observed in the UAE most of the year, cold supply chain logistics practices have become more important to the businesses in the country. There is a boom in the construction of refrigerated facilities in the UAE. Heavy government and direct foreign investments in transportation and storage infrastructure to reduce dependence on oil exports; increase in retail and consumer spending especially in groceries, dairy, meat, international food and growing food demand from the increasing flow of tourists for Expo 2020 are some of the major growth drivers.

UAE Cold Chain Market Outlook to 2025 – The Cold Chain Market in UAE is Thriving with the Advent of Government’s Economic Diversification Plans Coupled with UAE’s Increasing Adoption of Technology and Automation

Market: The cold chain industry is in growth stage amounting to USD ~ Mn revenue in 2020, growing at a CAGR of ~% during the period 2015-2020. Meat & Sea Food, Dairy and Pharmaceuticals are important end users for cold chain market in UAE. The pharmaceutical sector has witnessed a higher growth rate especially after the pandemic and the UAE government has taken several initiatives to enhance the infrastructure for the same.

The UAE cold chain market was slightly disrupted due to Covid-19. However, the industry did not declined much owing to the nature of the industry which deals in the perishable products and cold storage warehousing market has gained higher traction in comparison to other logistics market. The market operations are concentrated in two major emirates: Dubai and Abu Dhabi, where majority of cold warehouses are located in free-zones in such as Jebel Ali Free Zone, DIP, DIC, Al Aweer, etc.

UAE Cold Chain Market Segmentation

By Cold Warehousing & Cold Transportation: The cold storage market is dominating the market and contributed majority revenue share to the cold chain industry. Cold Transportation caters to distribution of food and pharma domestically and internationally via land, sea and air. Some of the key growth drivers include increase in retail distribution cold storage, set up of new warehouses, creation of large food and Pharma reserves by government, increasing import of perishables, tech advancements and growing end users in emerging markets. Seasonal surge in demand is seen especially during the Ramadan festival.

UAE Cold Warehousing Market Segmentation: By Temperature Range (Ambient, Chilled and Frozen): Chillers and freezers were quite high in demand in the year 2020 given the increase in the consumption of frozen and fresh food items.

By Ownership (Integrated and Contract Warehouses): Integrated logistic facilities generate larger revenue share. This is majorly due preference of logistics companies to invest into warehouses and closely monitor operations themselves as opposed to outsourcing them.

By End-User Application (Meat and Seafood, Dairy Products, Pharmaceuticals, Fruits and Vegetables and Others): Meat and Seafood contributed the highest revenue share owing to the tremendous increase in the demand for meat during the lockdown. The demand for pharmaceutical products was quite high due to the onset of the pandemic.

By Major Emirates (Dubai, Abu Dhabi, Sharjah and Others): Dubai accounts for the highest share in the revenue of the cold storage market as it acts as a hub from where products are transported to other regions.

By Areas (JAFZA, DIP, DIC, Al Aweer and Others): Jebel Ali Free Zone accounted for the maximum share in the revenue of the cold storage market and hosts over 8,700 companies. It is considered as the world's largest free zone.

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTE1MTg1

UAE Cold Transportation Market Segmentation

By Mode of Transport (Land, Sea and Air): Cold transport through land contributed the highest revenue to the cold transport industry as food imports into the country through ports are transported to different cities via land transport.

By Type of Freight (Domestic and International): Cold transportation to international markets accounted for majority of the revenue of the UAE cold transport industry due to the reliance of the country on imports for its food requirements.

By End-User Application (Meat and Seafood, Dairy Products, Pharmaceuticals, Fruits and Vegetables and Others): Meat and seafood has positively impacted cold chain industry followed by Dairy Products. UAE has the highest consumption levels for meat and seafood in the world.

By Contract and Integrated Logistics:  The cold chain market in the UAE is dominated by 3PL facilities, generating largest share in market revenue. This is majorly due to the large number of 3PL operators providing wide variety of services and increasing shift towards outsourcing cold transport requirements by cold chain companies.

Competition Scenario in UAE Cold Chain Market

Competition in UAE Cold Storage Market is highly fragmented with ~20 large companies acquiring chunks of market share. The market is highly concentrated in places like Dubai and Abu Dhabi ports and free zones. The rising urban population, developed transport infrastructure in these regions along with the proximity to the sea and air ports has been the key factors leading to the growth of the cold chain businesses in these areas. The cold chain companies in the country compete on a host of parameters such as location, price, temperature range, product range, warehouse infrastructure, number of pallets, industry expertise, clientele, etc. Major players in the cold chain market include GAC, GSL, Mohebi Logistics, CEVA Logistics, RHS, Hellmann, DB Schenker and others.

UAE Cold Chain Market Future Outlook and Projections

The Cold Chain market in UAE is expected to experience medium level of growth at a single digit CAGR in terms of revenue during the period 2020-2025F. Positive growth in the market is attributed to rise in manufacturing activity in the pharmaceutical sector, investments in infrastructure, growth in dairy industry and rising import export volumes. The industry is expected to witness entry of new players and new mergers and acquisition between the players. Additionally, increasing adoption of warehouse automation technologies such as EDI, RFID, AS/AR and others are expected to improve operational efficiency in UAE cold chain market over the forecast period 2020-2025F.

Related Reports

UAE E-Commerce Logistics Market Outlook to 2025 – Driven By Growth in Online Shoppers Along With Introduction of New Age Technologies by Logistics Players

Philippines Cold Chain Market Outlook to 2025: Driven by Rising Processed Food Consumption Owing to Growing Millennial Population Albeit Infrastructure Challenges

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249