Tuesday, 18 February 2020

Philippines Frozen Storage Market Outlook to 2025: Ken Research


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:-
Related Reports by Ken Research:-
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