Philippines Frozen Storage Market Outlook to 2025: Ken Research

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The publication titled Philippines Frozen Storage Market Outlook to 2025-Driven by Growing Meat and Seafood Consumption and Insufficient Pallet Capacity to Tackle Food Wastage” provides a comprehensive analysis of the frozen storage market of the Philippines. The report also covers overview and genesis of the market, current industry size by revenue and pallet capacity, end-user segmentation and perspective, demand and supply-side analysis including demand-supply pallet gap, regulatory landscape, frozen storage ecosystem for Metro Manila and Metro Cebu, the cost-benefit analysis for shifting to competitor’s facility, automation, and sourcing of cold storages, growth drivers, issues and challenges of the industry, competition scenario, strengths and weaknesses of major players, market share of players and company profiles. The report also includes food wastage scenario comparable Southeast Asian nations and cross-comparison of cold chain industries of Southeast Asian countries including the Philippines. The report finally concludes with the future outlook of the market including projected market size by revenue, pallet capacity, the weighted average rental price for pallets, projected pallet rental pricing for automated facilities and future industry size by revenue for select end-users.

Philippines Frozen Storage Industry Overview and Genesis

The market has showcased a significant growth rate with the competition being moderately fragmented owing to the existence of several medium and large-sized cold storage companies such as Jentec, Glacier, Royale Cold Storage, Mets Logistics, Big Blue Logistics, and ORCA Cold Storage. The industry is witnessing a rise in the demand for frozen transport services and blast freezer services, an increase in per capita income and a growing consumer preference for fast food products. The budding e-commerce business and online grocery shopping have positively impacted the frozen storage business.

Philippines Frozen Storage Industry Size

The year 2002 witnessed the formation of the Cold Chain Association of the Philippines, commonly referred to as CCAP with over 100 logistics and construction companies as its members. Consequently, initiatives such as the Philippines National Cold Chain Program launched in 2004 by USDA Food for Progress, Philippine Nautical Highway System and introduction of the RORO system in 2015 also propelled the frozen industry of the country.

Automation in Cold Storages: The cold storage industry is experiencing a new wave of technological developments that are essential for end-users of cold storage services and for the organic growth of cold storage companies. With the growing competition in the market, the need for an efficient supply chain and cold storage services has increased manifold. The business case for automating temperature-controlled warehouses is stronger in the Philippines. Rising competition due to the growth in a number of cold storage companies and surge in demand for value-added services has made cold storage companies opt for automation services. Automation acts as an additional value-added service offered by warehouses to signal higher efficiency and accuracy, compared to manual warehouses.

Food Wastage Scenario in Philippines Frozen Storage Market: As per Ken Research Analysis, the Philippines have the highest food wastage in Southeast Asia. The increasing population in the region, especially the Philippines is anticipated to augment the demand for food and beverages requiring cold storage. The cold chain sector is projected to require increasing initiatives, including investments by both the government and private sector, in order to overcome the challenge of food wastage as the shortage of cold storage pallets is a key contributor to this wastage.

Philippines Frozen Storage Industry Future Outlook:

Philippines the frozen storage market is expected to register a positive CAGR of 10.8% over the forecast period 2019-2025. The key contributing factors for the high growth include mounting of foodservice industry owing to change in lifestyle and consumption habits, increasing infrastructure investment to improve connectivity for cold transport business, high domestic demand for fish and seafood products, rising ISO and LEED certifications of cold storages and growing meat consumption. Additionally, the growing export of fruits and vegetables from the country is projected to continue till 2035 owing to the high demand for fresh and organic produce worldwide. Moreover, the frozen market witnessing a significant increase in the number of company’s year-on-year is expected to make the market highly fragmented in the near future.

Key Segments Covered:-

Types of Products:

Meat and Seafood

Dairy Products

Vaccination and Pharmaceuticals

Fruits and Vegetables

Processed Frozen Products

Key Target Audience

Cold Storage Companies

Frozen Storage Companies

Captive Cold Storage Companies

Captive Frozen Storage Companies

Logistics Companies

Non-captive Companies

Cold Chain Associations

Logistics Associations

Private Equity Firms

Venture Capitalists

Time Period Captured in the Report:

Historical Period: 2019

Forecast Period: 2020F-2025F

Companies Covered:

Jentec Cold Storage

Glacier Megafridge

Mets Logistics

Royale Cold Storage

ORCA Cold Chain

Big Blue Logistics

Royal Cargo

Vifel Ice Plant & Cold Storage

Frabelle Cold Storage

Arctic Cold Storage

Polar Bear Freezing Services

Igloo Supply Chain

Koldstor Inc.

Antarctica Cold Storage

VVS Cold Storage

Crystal Cold Storage

JM Processing

Cold Chain Warehouse Specialist

San Simon Cold Storage

WCL Cold Storage

Benson Industrial Cold Storage

Estrella Cold Storage

Cebu Subzero Logistics

Aspen Cold Storage

Technofreeze

Everest Cold Storage

Iraj Corporation

Key Topics Covered in the Report:-

Philippines Frozen Market Overview and Genesis

Philippines Frozen Storage Supply Analysis

Philippines Frozen Storage Demand Analysis

Demand-Supply Gap for Frozen Storage Pallets in the Philippines

Food Wastage Scenario in Southeast Asian Nations (Thailand, Malaysia, Vietnam, Indonesia, and the Philippines)

Philippines Frozen Storage Market Segmentation

Demand Factors for Clients in Philippines Frozen Storage Market

End Customers for Philippines Frozen Market

Cross Comparison of Southeast Asian Cold Chain Market (Vietnam, Indonesia, Malaysia, Thailand, and the Philippines)

Regulatory Landscape in the Philippines Frozen Storage Market

Ecosystem for Metro Manila and Metro Cebu Frozen Storage Market

Cost-Benefit Analysis of Competitor’s Frozen Storage Facility

Automation and Sourcing of Cold Storage in Philippines Frozen Storage Market

Growth Drivers and Trends in Philippines Frozen Storage Market

Issues and Challenges in Philippines Frozen Storage Market

Competitive Landscape in Philippines Frozen Storage Market

Company Profiles in the Philippines Frozen Storage Market

Philippines Frozen Storage Market Future Outlook and Projections

For More Information on the research report, refer to below links:-

Philippines Frozen Storage Industry

Related Reports by Ken Research:-

Philippines Cold Chain Market Outlook to 2023 – By Service Mix (Cold Storage Market and Cold Transportation)

End-User Perspective in Central Luzon Cold Storage Market- Dominance of Meat and Seafood Production Albeit by Inadequate Storage Facilities and Frequent Power Outrages

Philippines Logistics and Warehousing Market Outlook to 2024 – By Freight Forwarding (Air, Sea, Land), Domestic and International Freight Flow Corridor; By Warehousing (Industrial/Retail Freight, Container Freight, Cold Storage, Agriculture and Others), Express and E-commerce Logistics, Balikbayan Box, Third Party Logistics

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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