South Africa’s Cold Chain Market is driven by the Rising Domestic Consumption of Citrus Fruits, Growing Urbanization, and Expansion of Existing Cold Storage: Ken Research
Driven by rising meat, seafood & fruit, and vegetable consumption, owing to growing population and infrastructural development, South Africa’s cold chain market has ample growth opportunities with its increase in revenue.
Expansion of Existing Cold Storages: South Africa’s Cold Chain industry is in a growth phase, with growing cold chain warehouses and cold transport. Players such as Maersk, Precool Cold Storage and CCS Logistics are taking note and expanding current cold storage infrastructure to accommodate the boom in demand for fresh fruits and vegetables, which is driving the market growth.
Growing Urbanization and Rising Domestic Consumption of Citrus: The change in lifestyle and urbanization led to rising domestic consumption of processed food. The demand for frozen ready-to-cook meals has surged in South Africa due to the country's fast-paced lifestyle and rising per capita income. Change in consumption patterns post-Covid-19, people have become more health conscious. Also, logistics 4.0 which has been defined as machine-to-machine communication and the Internet-of-Things that make factories resemble something like a smart home, with various appliances and machines working together to create a unified system and cold chain companies are looking forward to incorporating such technologies and building an ecosystem for growth.
Government Initiatives revamping the demand: In South Africa, SARDA is an organization aiming at connecting all sectors in the cold chain industry including suppliers of equipment and services used by those companies that form the cold chain. The Perishable Products Export Control Board (PPECB) is an independent service provider of quality certification and cold chain management services for producers and exporters of perishable food products.
High Cost Associated with Logistics and Energy Crisis increasing: The high cost associated with operations of the cold chain market and the high crime rate such as theft, loot, etc. are increasing the cost of cold transport in the country and posing a major threat to the cold chain market of South Africa.
Analysts at Ken Research in their latest publication “South Africa Cold Chain Market Outlook to 2026F: Driven by Rising Meat and Seafood & Fruits and Vegetable Consumption, owing to Growing Population and Infrastructural Development” By Ken Research observed that the Cold Chain market is an emergent market in South Africa at a rebounding stage from the economic crisis after the pandemic. The rising government policies and demand for Cold Chain, rising domestic consumption of meat and seafood, fruits and vegetables along with government initiatives are expected to contribute to the market growth over the forecast period. The market is expected to grow at a 11.5% CAGR during 2021-2026F owing to the rise in the economy of the country and growing population as well as infrastructural development by the government with investments in the sector.
Key Segments Covered
South Africa Cold Chain Market
- By Revenue Split:
- Cold Transport
- Cold Storage
- By End User:
- Meat and Seafood
- Fruits and Vegetables
- Pharmaceuticals
- Dairy Products
- Processed Foods
- Frozen Foods
- By Ownership:
- 3PL Cold Chain Facilities
- Owned
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South Africa Cold Transport Market
- By Truck Type
- Reefer Vans/Trucks (1 to 10 Tons)
- 20-foot reefers (10 - 20 Tons)
- 40-foot reefers and others (more than 20 tons)
- By Mode of Transportation
- Land
- Sea
- Air
- By Location
- Domestic
- International
- By Vicinity
- Inter-city
- Intra-city
- By Ownership:
- 3PL Cold Chain Facilities
- Owned
- By End User
- Meat and Seafood
- Fruits & Vegetables
- Pharmaceuticals
- Dairy Products
- Processed foods
- Frozen Foods
South Africa Cold Storage Market
- By Temperature:
- Frozen
- Chillers
- Ambient
- By End User
- Meat and Seafood
- Fruits & Vegetables
- Pharmaceuticals
- Dairy Products
- Processed foods
- Frozen Foods
- By Region
- Gauteng
- Cape town
- Durban
- 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: 2016-2021
- Base Year: 2021
- Forecasted Period: 2021-2026F
Companies Covered:
- QK Cold Stores
- CCS Logistics
- Imperial Logistics
- Meister Cold Stores
- Etlin International
- Chilleweni Cold Storage Solutions
- Global Distribution Solutions
- Reefer Cold Storage
- Bidwest International Logistics
- Hexkoel
- Ethekwini Cold Stores
- Precool Cold Stores
- Idube Cold Storage
- Two Oceans Commercial Cold Stores
- Ayoba Cold Storage
- Durban South Cold Storage
- GoGlobal
- Ziqene Cold Stores
- SAFT Atlantic Cold Storage
Key Topics Covered in the Report
- South Arica Cold Chain Market Overview
- South Arica Cold Chain Industry Supply Ecosystem
- Business Cycle, Genesis and Timeline of South Arica Cold Chain Market
- South Arica Cold Chain Market Size, 2016-2021
- South Arica Cold Chain Market Segmentation, 2021 (by Cold Storage and Cold Transport, by Ownership, by End Users)
- South Africa Cold Storage Market Overview
- South Africa Cold Storage Market Ecosystem
- South Africa Cold Storage Market Size,2016-2021
- South Africa Cold Storage Market Segmentation, 2021 (by Temperature Range, by End Users, by Region)
- South Africa Cold Transport Market Overview
- South Arica Cold Transport Market Size, 2016-2021
- South Africa Cold Transport Market Segmentation, 2021 (by Type of Reefer Truck, by Mode of Transportation, by Location, by End Users)
- Value Chain Analysis of South Africa Cold Chain Market
- South Africa Cold Chain Market Competition Landscape
- SWOT Analysis of South Africa Cold Chain Market
- Regulatory Landscape of South Africa Cold Chain Market
- Growth drivers of South Africa Cold Chain Market
- Issues and Challenges in the South Africa Cold Chain Market
- Recent Trends in the South Africa Cold Chain Market
- End User Analysis of South Africa Cold Chain Market
- Future Outlook of South Africa Cold Chain Industry, Cold Storage Market, Cold Transport Market, 2021-2026F
- Market Opportunities and Analyst Recommendation
For more information on the research report, refer to below links:-
South Africa Logistics Market Outlook to 2026: Ken Research
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