Philippines Temperature Controlled Logistics Market Overview
Government Initiatives revamping the demand: Since 2017, government initiatives have boosted the cold chain market in Philippines through formation of CCAP, infrastructural developments, increase in end user demand and entry of players or expansion of existing players. Additionally, increase in the share of cold storage market has been perceived on the grounds of increasing subsidies by the government on infrastructure development in the country under its ‘Build, Build, Build’ initiative. Also, the government working closely with US Agencies to induce growth in cold chain market.
Expansion of Cold Chain Market: The Philippines Cold chain market is in its growth stage owing to rising domestic consumption of meat and seafood, expansion of existing warehousing by companies and increasing government initiatives and investments in the country. A rising middle class, booming e-commerce market and the decentralization trend outside of Metro Manila are shaping the Philippines Cold Chain Industry Market. Also, the fast-paced lifestyle and rise in per capita income in the Philippines has increased the demand for frozen ready-to-cook food.
Capacity Expansion and New Entry: Increased tech innovations such as ASRS by ORCA Solutions & Monde Nissin, expansion of pallets by major companies such as Jentec cold storage, Glaciers, Mets logistics and others, entry of new players such as Antarctica Cold Storage, Aspen Logistics, San Simon and more. Along with which there is an expansion of supermarket stores such as SM, Puregold, BnB project with entry of foreign drug companies in Pharma sector such as Sanofi, Pfizer and GlaxoSmithKline have elevated the growth in past 5 years.
Analysts at Ken Research in their latest publication “Philippines Cold Chain Market Outlook to 2026F: Driven by Rising Meat and Seafood Consumption Owing to Growing Millennial Population Albeit Infrastructure Challenges” by Ken Research observed that the market is highly fragmented and is home to 100+ cold transportation & storage players enabling the market to transform over the years. The market is currently in the growth stage owing to rising domestic consumption of meat and seafood along with increasing government initiatives and investments in the sector, is expected to contribute to the market growth over the forecast period. The Philippines Cold Chain Market is expected to grow at a CAGR of 9.3% over the forecasted period 2021-2026F.
Key Segments Covered
Philippines Cold Chain Market
By Revenue Split:Cold TransportCold StorageBy End User:Meat and SeafoodDairy ProductsProcessed Frozen FoodsVaccination and PharmaceuticalsFruits and VegetablesBy Ownership:3PL Cold Chain FacilitiesOwnedRequest For Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTkyNDgz
Philippines Cold Transport Market
By Truck TypeReefer Vans/Trucks (1 to 10 Tons)20 foot reefers (10 - 20 Tons)40 foot reefers and others (more than 20 tons)By Mode of TransportationLandSeaAirBy Location DomesticInternationalBy VicinityInter-cityIntra-cityBy End UserMeat and SeafoodDairy ProductsVaccination and PharmaceuticalsProcessed Frozen FoodsFruits, Vegetables and othersPhilippines Warehousing Market
By Type:By Industrial Freight/RetailBy Inland Container DepotsBy Cold StorageBy AgriculturePhilippines Cold Storage Market
By Temperature range (by number of pallets)FrozenChillersAmbientBy Automation (by pallets)Automated PalletsNon-automated PalletsBy End UserMeat and SeafoodDairy ProductsVaccination and PharmaceuticalsProcessed Frozen FoodsFruits, Vegetables and othersBy RegionMetro ManilaCebuMindanaoOthersKey Target Audience
Cold Storage CompaniesCold Chain CompaniesCold Transport CompaniesCaptive Cold Storage CompaniesCaptive Cold Chain CompaniesLogistics CompaniesNon-captive CompaniesCold Chain AssociationsLogistics AssociationsPrivate Equity FirmsVenture CapitalistsTime Period Captured in the Report:
Historical Period: 2016-2021Forecasted Period: 2021-2026FCompanies Covered:
Jentec Cold StorageRoyal CargoGlacier MegafridgeRoyale Cold StorageBig Blue LogisticsMets LogisticsORCA Cold ChainFast Logistics GroupIgloo Supply ChainArctic Cold StorageVVS Cold Storage (Vifel)Antarctica Cold StorageCrystal Cold StorageJM ProcessingSan Simon Cold StorageEstrella Cold StorageCebu Subzero LogisticsEverest Cold StorageAspen Cold StorageKey Topics Covered in the Report
Executive SummaryPhilippines Pharmaceuticals Cold Storage MarketResearch Methodology including market definitions, market size and modelingIndustry Value Chain for Philippines Cold Chain companiesPhilippines Cold Chain Market size (by revenue)Philippines Cold Chain Market Segmentation (by Cold Storage & Cold Transport, by End User Application, by Ownership)Landscape on Philippines Warehousing MarketSnapshot on Philippines Cold Storage MarketSnapshot on Philippines Cold Transport MarketIndustry Analysis for Philippines Cold Chain MarketIssues and Challenges in Philippine Cold Chain MarketSWOT Analysis of Philippines Cold Chain IndustryCompetitive Landscape in Philippine Cold Chain MarketPhilippines Cold Chain Market Future Market size and predictionsAnalyst RecommendationsRelated Reports:
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