Philippines Cold Chain Market Research Report & Forecast To 2023: Ken Research

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How Philippines Cold Chain Market is Positioned?

Cold chain industry’s evolution in Philippines commenced after the construction of Philippines Nautical Highway System in 2003 which is a ~ kilometre long and has reduced the previous usual travel time to the different key cities in Philippines. It is also called the Roll-On/Roll-Off system or the RO-RO system. RO-RO happens to be a key mode of sea transport for cold chain in the country till 2018.

Cold chain industry is a capital intensive business with the dependence on seasonality due to perishable processed food industry. The industry witnesses over half year of normal season and few months of the peak season. In the peak season, the demand is somewhere from ~% to ~% of normal season volume. In the peak season, the cold storage needs to have streamlined coordination between the producers, storage operations and market operations.

The Philippines cold chain market has witnessed significant growth after the launch of ‘Philippines National Cold Chain Program’ in the year 2004. According to the program, cold chain facilities were established sector. Assistance was provided to interested entrepreneurs and investors to set-up their own cold chain enterprises.

Furthermore, project also provided a cold chain technology databank and market linkage program. Additionally, tramline systems were also established in the highland areas where temperate vegetables were in major areas of North, Central and South Philippines. The project has been implemented in significant collaboration with the private grown. The market has experienced growth after the launch of this program in 2004.

The Philippines cold chain market was evaluated to be PHP ~ billion in the year 2018 and has grown at a CAGR of ~% during the period of 2013-2018. The market witnessed a significant growth after the launch of ‘Philippines National Cold Chain Program’ in 2004 which helped in establishment of cold chain facilities in major areas of North, Central and South Philippines. Government initiatives such as ‘Philippines Cold Chain Project’ launched in 2014, the ‘Build, Build, Build’ government initiative launched in 2018 to improve the state of infrastructure in the country, the annual Philippines Cold Chain Expo by CCAP and the growing number of quick service restaurants in the country have also been vital factors for the growth in market.

Philippines Cold Chain Market

HOW Philippines Cold Chain Market is Segmented?

By Type of Market: In Philippines Cold Chain Market, Cold Storage accounted for the largest share in the overall cold chain market during 2018. The share has enhanced from ~% in 2013 to at ~% in 2018. This 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. On the other hand, the market share of cold transport in the overall revenues of cold chain market of Philippines has consistently declined from ~% in 2013 to ~% in 2018. The key contributive factors include the on-going truck ban in the country which limits the number of transport vehicles on road during specific hours of the day and the rising demand for cold storage requirements in the country.

By Products: Perishable products such as fish, meat, vaccines, cakes, fruits and vegetables are perishable commodities which require cold chain logistics. Meat and seafood have accounted for the largest revenue share of ~% in the Philippines cold chain market during 2018. Fruits and vegetables happen to be the second leading category in the cold chain business of the country. They are common daily need products such as bananas, berries, onions, lettuce and more which are desired fresh by consumers. This makes adequate cold chain facilities a major requirement for storing and preserving fruits and vegetables. The category with third highest market share in the industry was calculated to be dairy products which includes products like milk, cheese and butter. Dairy products are also very common and have a high demand in Philippines. Bakery and confectionary comprises of items such as milk, curd, ice creams and others which could easily perish in minutes under hot and humid climatic conditions of Philippines. This makes cold chain an essential requirement for such products in Philippines. Vaccines and other pharmacy products have contributed ~% to the revenues of the cold chain industry in Philippines during 2018. Other products such as chemicals, eggs, animal feed, processed foods such as hotdogs fries and more have contributed to the remaining share of ~% in the cold chain market of Philippines in 2018.

Future Outlook to Philippines Cold Chain

Philippines cold chain market has witnessed notable growth over the period 2019-2023. Growing demand for temperature controlled products in the country, entry of several new players and government initiatives and programs have propelled the cold chain market over the period 2019-2023. Additionally major players such as Jentec Cold Storage, Royal Cargo and Glacier Megafridge have significantly expanded the capacity of their cold storage facilities during the period 2013-2018. This has resulted in an impressive growth in the market at a CAGR of ~% over the period 2013-2018. Thus, the market was evaluated to reach PHP ~ billion in the year 2018. The future prospects of the cold chain industry in Philippines look quite promising. The growth of the Philippines cold chain market is expected to accelerate over the forecasted period 2019-2023 owing to initiation of the Philippines Cold Chain Project and other cold chain programs conducted by both the government and CCAP. Furthermore, augmenting sales of meat, seafood and pharmaceuticals are expected to lay the foundation for growth in Philippines cold chain market during the period 2019-2023.

Key Segments Covered:-

Philippines Cold Chain Market

Philippines Cold Chain Market Size

Philippines Cold Chain Market Segmentation

By Type of Market

By Products

Philippines Cold Chain Market Future Outlook

Philippines Cold Storage Market

Philippines Cold Storage Market Size

Philippines Cold Storage Market Segmentation

By Operations

By Temperature

By Size of Firms

By Region

By Ownership

Philippines Cold Storage Future Outlook

Philippines Cold Transportation Market

Philippines Cold Transportation Market Size

Philippines Cold Transportation Market Segmentation

By Mode of Transport

By Mode of Land Transport

By Location

By Vicinity

By Ownership

Philippines Cold Transportation Future Outlook

Key Target Audience:-

Cold Storage Companies

Cold Chain Companies

Active and Passive Pallet Manufacturers

Freight Forwarding Companies

Companies Seeking Col Chain Solutions

Cold Chain Logistics Companies

Companies seeking logistics services

Time Period Captured in the Report:-

Historical Period – 2013-2018

Forecast Period – 2019-2023

Companies Covered:-

Jentec Storage Inc.

Vifel Ice Plant and Cold Storage Inc.

Glacier Megafridge Inc.

Royal Cargo Inc.

Royal Cold Storage Inc.

Koldstor Inc.

Polar Bear Freezing & Storage Corporation

Big Blue Logistics Corporation

Arctic Cold Storage

Antarctica Cold Storage

Frabelle Cold Storage

Mets Logistics

Royal Cargo

2Go Logistics

Jentec Cold Storage Inc

LBC Express

For more information on the research report, refer to below link:-

Philippines Cold Chain Market

Related Reports By Ken Research:-

Vietnam Cold Chain Market by Cold Storage and Cold Transport, Product Type (Bakery, Confectionary, Dairy, Meat & SeaFood, Vaccines & Pharmaceutical, Fruits & Vegetables, Chemicals) – Outlook to 2021

The report provides a comprehensive analysis of cold chain market in Vietnam. The report covers Vietnam Cold Chain Market by Type (Cold Storage and Cold Transport), by Industries (Meat and Seafood, Pharmaceutical, Fruits and Vegetables, Bakery and Others), by Type of Cold Storage (Rented and Owned), by Demand for Cold Storage by Region (HCM, Hanoi and others), by Type of Cold Storage (Manufacturing Cold Storage, Trading Cold Storage And Bonded Warehouse Cold Storage), by Size of Cold Storage Firms (Small, Medium and Large), by Domestic and International Cold Transport. The report also covers market in different aspects such as supply chain analysis, competitive landscape and company profiles for major players including Swire Cold Storage Vietnam Limited, Lotte Logistics Vietnam Co. Ltd, Konoike Vina, CLK Cold Storage Company Limited, Hung Vuong Corporation, Sojitz and Kokubu, Mekong Logistics Company Limited, Kuehne Nagel, Preferred Freezer Services, Panalpina, Triton Container International, DB Schenker, Agility Logistics Vietnam, APL Vietnam, Maersk Line, MP Logistics, Vinafco Vietnam.

Indonesia Cold Chain (Cold Transport and Storage) Market Outlook to 2021 – By End Users (Meat and Seafood, Vaccines and Other Pharma Products, Bakery and Confectionary, Fruits and Vegetables and Others)

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India Cold Chain Market Outlook to 2022 – by Cold Storage & Cold Transport, 3PL, End User Industry (Agro food, Fruits & Vegetables, Fruit pulp & Concentrates, Dairy Products, Ice Cream, Meat, Sea Food, Confectionery, Poultry, Ready to Cook, Pharmaceutical, Industrial Products)

The report provides information on market size for India cold chain, cold storage and cold transport. The report covers aspects such as cold chain market segment (by cold storage and cold transport, by type of products), cold storage market segment (by organized and unorganized, by size of firms, by products, by domestic and international cold storage, by region and by owned and rented cold storage), cold transport market segment (by organized and unorganized, by domestic and international cold chain transport, by mode of transport and by domestic and international cold chain companies), competitive landscape of major players in India cold chain market and covering competitive landscape of major cold chain companies including RK Foodland, Snowman Logistics, Cold Star Logistics, Schedulers, Gubba Cold Storage, Kailash Agro Cold Storage, M J Logistics Services, Deccan Cold Storage Pvt Ltd, Dev Bhumi Cold Chain, Gati Kausar Cold Chain Solutions and ColdEx Pvt. Ltd. The report concludes with market projection for future and analyst recommendations highlighting the major opportunities and cautions.

China Cold Chain Market Outlook to 2022 – by Cold Storage and Cold Transport and by Industries (Meat and Seafood, Fruits and Vegetables, Bakery, Pharmaceutical and Others)

The report provides a comprehensive analysis of cold chain market in China. The report covers market size, Market segmentation by Type (Cold Storage and Cold Transport), by Industries (Meat and Seafood, Fruits and Vegetables, Bakery, Pharmaceutical and Others), by Type of Cold Storage (3PL and Owned), by Demand for Cold Storage by Region (East China, South Central, North East, South West, North West and North China), by Size of Warehouses (Small, Medium and Large), by Domestic and International Cold Transport and By Modes of transport (Road, Air and Sea). The report also covers value chain analysis, competitive landscape and company profiles for major players including including Swire Cold Storage Limited, Solidus logistics, Itochu Logistics, SF Express, Rokin Logistics China, DCH Logistics, CMAC, Zheng Ming Logistics, Xianyi Supply Chain, SinoTrans PFS, Zhong Rong Logistics , Shanghai Jiaoyun , Speed Fresh Logistics, HAVI Logistics (Beijing) Co., Ltd., China Railway Express Co., Ltd., Dalian Refrigeration Co., Ltd., Dalian Tianbao Green Foods Co., Ltd., Shanghai Jiaoyun Rihong International Logistics Co., Ltd. in China cold chain market. The report provides detailed overview on future outlook & projections with analyst recommendations for the industry.

Thailand Cold Chain Market Forecast to 2022 – By Type (Cold Storage and Cold Transport), By 3PL, By Temperature Range, By Region, By International and Domestic Cold Transport and By Modes of Transport (Ground, Air and Sea)

The report provides a comprehensive analysis of cold storage, cold transport and 3PL temperature controlled logistics market in Thailand. The report covers market size, segmentation on the basis of cold storage and cold transport and by the ownership, temperature range of the facilities and by the region. The report also covers value chain analysis, competitive landscape and company profiles for major players in Thailand cold chain market. The report provides detailed overview on future outlook & projections with analyst recommendations for the industry.

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