The publication
titled “Philippines Cold Chain Market Outlook
to 2025: Driven by Rising Processed Food Consumption Owing to the Growing
Millennial Population Albeit Infrastructure Challenges” provides a comprehensive
analysis of the cold chain market of the Philippines. The report covers the
ecosystem of the market, infrastructure analysis of the country, value chain
analysis, comparative analysis with other cold chain markets, deep-dive into
cold chain market including an overview, size, segmentation and future outlook,
similarly for cold chain and cold transport markets as well. The report also
includes the regulatory landscape of cold storage and transport markets,
trends, and developments, issues, and challenges, decision making parameters
for end-users and SWOT analysis of the industry. The report finally concludes
with a competitive landscape including competition scenario, cross-comparison,
strengths and weaknesses and company profiles of major players in cold storage
and transport business, macroeconomic factors impacting the industry and
analyst recommendations.
Philippines Cold Chain
Market: Philippines cold chain market was evaluated grow at a
CAGR of 12.7% during 2014-2019 owing to the launch of ‘Philippines National
Cold Chain Program’ in 2004 which helped in the 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, ‘Build,
Build, Build’ initiative in 2018 and the annual Philippines cold chain expos conducted
by CCAP have been vital for market growth. The market has been driven primarily
by the cold storage over the transport business. Correspondingly, the cold
chain industry has also been driven by rising meat consumption, consistent
seafood production, and rise in preventable diseases among Filipinos thereby
augmenting the demand for vaccines and pharmaceuticals.
Philippines Cold Storage
Market: Cold storage business has been the major growth driver
for the cold chain industry. Estimated number of accredited cold storages by
the Department of Agriculture in the Philippines increased from 256 in 2016 to
316 by the year 2019. A high occupancy rate is also observed for facilities
during peak season such as Ber season for meat and seafood, sometimes exceeding
100% capacity thereby forcing companies to act as mediators between the clients
and their sister/partner companies. Some of the leading cold storage players in
the industry include Jentec Storage, Glacier Megafridge, Mets Logistics, Royal
Cargo, Big Blue Logistics, Royale Cold Storage, ORCA Cold Chain, Vifel Ice
Plant and Cold Storage, Koldstor and Polar Bear Freezing and Storage
Corporation. The sector has also witnessed support from the government which
increased its subsidy for cold storages to PHP 0.9 million from 2017 to 2019.
Philippines Cold Transport
Market: Cold transport market has been defined as movement of
temperature-sensitive products along the supply chain using thermal and
refrigerated packaging techniques and logistical planning to prolong
the shelf life of consignments. The several methods for transporting
products include refrigerated trucks and railcars, refrigerated cargo ships and
air cargo. Moreover, it is the 4, 6 and 8-wheeler reefer trucks with a capacity
ranging between 1 to 10 tons which can be seen plying the roads of the
Philippines. These are primarily used for delivery over short distances whereas
20-footer and 40-footer reefer trucks are used to deliver products over long
distances. For instance, product movement from fish port complexes to anterooms
and cold storages incorporate such large-sized trailers. Infrastructural
development by government through construction of new inter-island bridges and
paved roads has propelled the cold transport business. Increasing exports of
fruits and vegetables after blast freezing to the west especially the United
States has also supported this industry.
Philippines Cold Chain
Market Competition Scenario: Competition in the Philippines
cold chain market is moderately fragmented as the major 5 players including
Jentec Storage, Glacier Megafridge, Mets Logistics, Royal Cargo and Big Blue
Logistics were observed to account for the majority share in the market in
terms of number of colds storage pallets in 2019. Additionally, cold chain companies
were competing on parameters such as location, price, temperature range and
level of integrated services. These companies also focus on marketing their
products by directly scheduling meetings with potential clients and also
heavily invest in social media marketing. Majority of the competition has been
observed to house in the island group of Luzon which was estimated to account
for more than 200 cold storages in 2019.
Philippines Cold Chain
Market Future Outlook: Philippines cold chain market is
expected to register a positive CAGR of 9.9% during 2020-2025 owing to mounting
foodservice industry, change in lifestyle and consumption habits, increasing
infrastructure investment to improve connectivity for cold transport business,
high domestic demand for fish, seafood and meat products, growing focus on ISO
and LEED certifications for cold storages, automation in cold storages through
ASRS, WMS and RFID and incorporation of quick or blast freezing services.
However, despite the augmenting demand for most cold storage products in the
country, the market is facing challenges that will affect the business
decisions, both in investment planning and operations management. These issues
will be the cost of doing business such as having to wade through the government’s
bureaucracy and to cope with unexpected and unplanned costs which are extra
costs which exert adverse impact on the industry overall competitiveness.
Key Segments Covered: -
Types of Products:
Meat and
Seafood
Fruits
and Vegetables
Dairy
Products
Bakery
and Confectionary
Vaccination
and Pharmaceuticals
Others
(Include animal feed, hotdogs, burgers, fries, chemicals and several others)
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: 2014-2019
Forecasted Period: 2020F-2025F
Companies Covered:
Jentec
Cold Storage
Glacier
Megafridge
Mets
Logistics
Royal
Cargo
Big Blue
Logistics
Royale
Cold Storage
ORCA Cold
Chain
Vifel Ice
Plant & Cold Storage
Koldstor
Inc.
Polar
Bear Freezing Services
Frabelle
Cold Storage
Arctic Cold
Storage
Igloo
Supply Chain
Antarctica
Cold Storage
VVS Cold
Storage
Crystal
Cold Storage
Benson
Industrial Cold Storage
JM
Processing
Cold
Chain Warehouse Specialist
San Simon
Cold Storage
Cebu
Subzero Logistics
Estrella
Cold Storage
WCL Cold
Storage
Technofreeze
Aspen
Cold Storage
Key Topics Covered in the Report: -
Research Methodology
Ecosystem of Philippines Cold Chain Market
Infrastructural Analysis of Philippines
Value Chain Analysis of Philippines Cold Chain Market
Comparative Analysis of Philippines with Other Cold Chain
Markets Philippines Cold Chain Market
Philippines Cold Storage Market
Philippines Cold Transport Market
Regulatory Landscape of
Philippines Cold Chain Market
Trends and Developments in
Philippines Cold Chain Market
Issues and Challenges in
Philippines Cold Chain Market
Decision Making Parameters for
End Users in Philippines Cold Chain Market
SWOT Analysis of Philippines
Cold Chain Market
Competitive Landscape in
Philippines Cold Chain Market
Macroeconomic Factors Impacting
Philippines Cold Chain Market
Analyst Recommendations
For More Information on the
research report, refer to below links: -
Related Reports by Ken Research:
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