The Philippines Cold Chain Market is expected to contribute PHP 22.3 Bn in the near future owing to rising domestic consumption of meat and seafood along with increasing government initiatives and investments in the sector: Ken Research
Philippines News
Government is planning to increase infrastructure expenditure reaching approximately 7% of GDP by 2022. This is projected to positively impact road network for cold transport services.Most cold storages in Philippines are NMIS accredited. However, an uptake in the ISO and LEED certifications for cold storages is projected during the period 2021 to 2026 for several cold storage companies.Major cities apart from Metro Manila such as Cebu, Davao and Navotas are emerging as a hot bed for frozen warehousing since most of the industrial regions are also located nearby.Philippines Cold Chain Logistics Market Analysis:
Adopting Automation and Modern Technologies: Technological advancement is expected to play a major role and new facilities are being built to improve the efficiency of food supply storage and its distribution. Examples include IoT sensors that monitor food temperature and communicate the data to cloud-based analytics dashboards. Artificial Intelligence (AI) is then used to correlate data from various sources such as power cost, weather, distribution logistics, cooling capacity and schedules to provide the optimum storage and distribution infrastructures.
Expanding Cold Chain Market: Infrastructural development by the government, increasing number of food businesses and inclining number of cold transport companies propelled the market. Moreover, the rapid shift of distribution of food products from traditional markets toward supermarkets and convenience stores is increasing the need for reefer trucks as major distributors hire 3PL for shipping via insulated trucks.
Increase Tie-ups with Various End-User Companies: Cold chain companies are collaborating with the producers of temperature-sensitive products such as meat and seafood, fruits and vegetables, dairy products, bakery and confectionery, pharmaceuticals and others, in order to build long-term associations with them and procure bulk orders. Additionally, improving lifestyle, modernization and growing young population, the frozen food service industry is expected to grow at a robust CAGR during the forecast period of 2021 to 2027, thereby augmenting cold chain companies’ demand.
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 Vegetables Cold Storage Market
Philippines 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 Chain Arctic Cold Storage VVS 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 SummaryTemperature Controlled Storage Market PhilippinesResearch 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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