The Philippines cold chain market is expected to cross PHP 22 Bn in the future owing to rising domestic consumption of meat and seafood along with increasing government initiatives and investments in the sector: Ken Research – Yahoo Finance

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.
GURUGRAM, India, Sept. 20, 2022 /PRNewswire/ — 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
By End User
By Ownership
Philippines Cold Transport Market
By Truck Type
By Mode of Transportation
By Location
By Vicinity
By End User
Philippines Warehousing Market
By Type
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Philippines Cold Storage Market
By Temperature range (by number of pallets)
By Automation (by pallets)
By End User
By Region
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
Forecasted Period: 2021-2026F
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Companies Covered:
Jentec Cold Storage
Royal Cargo
Glacier Megafridge
Royale Cold Storage
Big Blue Logistics
Mets Logistics
ORCA Cold Chain
Fast Logistics Group
Igloo Supply Chain
Arctic Cold Storage
VVS Cold Storage (Vifel)
Antarctica Cold Storage
Crystal Cold Storage
JM Processing
San Simon Cold Storage
Estrella Cold Storage
Cebu Subzero Logistics
Everest Cold Storage
Aspen Cold Storage
Key Topics Covered in the Report:
Executive Summary
Research Methodology including market definitions, market size and modeling
Industry Value Chain for Philippines Cold Chain companies
Philippines 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 Market
Snapshot on Philippines Cold Storage Market
Snapshot on Philippines Cold Transport Market
Industry Analysis for Philippines Cold Chain Market
Issues and Challenges in Philippine Cold Chain Market
SWOT Analysis of Philippines Cold Chain Industry
Competitive Landscape in Philippine Cold Chain Market
Philippines Cold Chain Market Future Market size and predictions
Analyst Recommendations
For more information on the research report, refer to below links:
Philippines Cold Chain Market
Related Reports:
Malaysia Cold Chain Market Outlook To 2026 – Driven by Increase in Demand for Perishable Food Items and its Establishment as the Halal Industry Hub, Malaysia Cold Chain Market Experiencing Growth
The cold chain market in Malaysia is at the growth stage. There are not many providers that offer cold chain service for the Malaysian market and it is considered a niche market. Malaysia has established itself as the halal industry hub, making it one of the major trading partners of halal meat and other products. In the review period 2016-2021P, the Malaysia cold chain market has increased at a positive CAGR of 6.9% primarily due to substantial government investments in the freight industry and increase in retail and consumer spending especially in meat and seafood, fruits/vegetables market, and the growing pharmaceuticals industry.
Qatar Cold Chain Market Outlook To 2026 – Driven By FIFA World Cup 2022’s Logistics Demand And Infrastructural Growth Along With A Tailwind Of Technological Development, Qatar Cold Chain Market Experiencing Growth
The cold chain market in Qatar is at the growth stage. It has established its position as an important import hub for the GCC countries (after UAE). Most of the goods are transported to the GCC countries after reaching Qatar. The high dependence of the country on imports to meet its food requirements has decreased over the past years and has necessitated the development of cold chain facilities to store domestically produced perishable products. In the review period 2016-2021P, the Qatar cold chain market has increased at a positive CAGR of 5.8% primarily due to substantial government investments in the freight industry and increase in retail and consumer spending especially in meat and seafood, dairy market, and the growing pharmaceuticals industry.
UAE Cold Chain Market Outlook to 2025 – The Cold Chain Market in UAE is Thriving with the Advent of Government’s Economic Diversification Plans Coupled with UAE’s Increasing Adoption of Technology and Automation
The cold chain market in UAE is at growth stage. It has consolidated its position as a global transhipment hub due to its central location in the GCC region. The high dependence of the country on imports to meet its food requirements has necessitated the development of cold chain facilities. In the review period 2015-2020, the UAE cold chain market has increased at a positive CAGR of 5.0% largely due to heavy government and direct foreign investments in transportation and storage infrastructure, increase in retail and consumer spending especially in groceries, dairy, meat, international food and EXPO 2020.
India Agricultural Cold Storage Industry outlook 2025 – An assessment of demand – supply infrastructure across value chain
While the capacity of cold storage solutions has improved considerably at an aggregate level (XX Mn MT in 2020), there is a lack of cold chain infrastructure at farm-gate and transportation level.  Snapshots on cold storage solutions of top 5 capacity states – Uttar Pradesh, West Bengal, Gujarat, Punjab and Andhra Pradesh and certain select states – Maharashtra, J&K & Himachal Pradesh, further indicate the inefficiencies as a single commodity storage unit and emphasize on lack of modern technology (controlled atmosphere, pre-conditioning rooms) of such units.
Competition Benchmarking of Top Logistics Players in Indonesia in Transportation, Warehousing, Cold Chain, 3PL, Express, E-Commerce, Automotive, Pharma and Retail Logistics
The industry is dominated by Sea and land freight Movements considering its huge import and Exports with Asian countries such as China and India. The country has strong trade relations with Australia, European countries, US, and neighboring South East Asian countries such as Thailand and Vietnam. No international freight is by Land due to its geographical limits. Airfreight is quite expensive than any other Mode and is usually used for Express Shipments. Indonesia also has a strong warehousing market segment with huge space catered by warehousing players and renting out at quite high rates. Warehouses are concentrated in areas of Greater Jakarta, Surabaya and Makassar due to high population and presence of Seaports. The Courier, Express, and Parcel market is driven by growth in Last-Mile deliveries and the E-Commerce segment in the country.
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