Philippines Cold Chain Market Outlook to 2026F

The publication titled “Philippines Cold Chain Market Outlook to 2026F: Driven by Rising Meat and Seafood Consumption Owing to Growing Millennial Population Albeit Infrastructure Challenges” by Ken Researchprovides a comprehensive analysis of the cold chain market of Philippines including Cold Storage and Cold Transport market. The report covers overview and genesis of the industry, cold transport market size in terms of revenue generated and number of reefer trucks viz segmentations (truck type, mode of transportation, location & vicinity, & end user), warehousing viz segmentations (Industrial Freight/Retail, Inland Container Depots, Cold Storage, Agriculture) and cold storage sector with respect to revenue generate by cold storage companies and its segmentations (temperature range, automation, end user, major cities); trends and developments, technological advancements, government regulations, issues and challenges. The report finally concludes with competitive landscape including competition scenario, cross comparison, strengths and weaknesses and company profiles of major players in cold chain market, macroeconomic factors impacting the industry and analyst recommendations.

Philippines Cold Chain Market Overview: Philippines cold chain market was evaluated to grow at a double-digit CAGR during 2016-2021.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. Correspondingly, the Philippines Cold Chain Industry Ecosystem is driven by large scale 3PL companies with Real Estate companies investing in Logistics companies. The cold chain providers have high occupancy rate with Royal cargo and Jentec cold storage are having the highest number of total pallet positions in 2021. 

Philippines Cold Chain Market Segmentation:

• By End User: Meat & Seafood segment dominates majority of the total market revenue share, followed by Dairy products, Vaccination & Pharmaceuticals, Processed Frozen Foods and Fruits, Vegetables and others.
• By Type: The Philippines cold chain market is highly fragmented and is home to many cold transportation & storage players.

Snapshot of Philippines Cold Transport Market

Philippines Cold Transport Market Overview: Philippines cold transport market was evaluated to grow positively during 2016-2021.Infrastructural development by the government, increasing number of food businesses and inclining number of cold transport companies are propelling the market growth. Correspondingly, increasing 3PL services for reefer trucks and rising demand for fast food from quick service restaurants has been the major growth driver for cold transport market in Philippines. However, due to the extreme weather conditions, moving cold chain commodities such as pharmaceutical and dairy products within Philippines always bears a higher risk.

Philippines Cold Transport Market Competition Scenario: Cold Transportation is not much developed in Philippines and usually customers have their own reefer vans for transportation.Some of the competing parameters in Cold Transport market are number of fleets, price charged, temperature range offered, owned/contracted fleet and others.

Philippines Cold Transport Market Future Outlook: Government is planning to increase infrastructure expenditure reaching significant proportion of GDP by 2022. This is projected to positively impact road network for cold transport services. Along wih it 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.

Philippines Cold Transport Market Segmentation:

• By Truck Type: Mostly smaller vans with 5-10 tons capacity are used for transportation due to underdeveloped road infrastructure in Philippines.
• By Location & Vicinity: Philippines cold transport market is largely import oriented. Thus, larger revenue share in cold transportation market has been garnered by domestic cold transport.
• By End User: Meat market in the Philippines is one of the biggest meat markets among emerging markets in Asia-Pacific, thereby contrivuting the majority revene share in the market.

• By Mode of Transportation: Cargo transportation is done by road and RORO facility which is more economical way to transport the goods between the Islands.

Snapshot of Philippines Warehousing Market

Philippines Warehousing Market Overview: The Industry Ecosystem is fragmented and is driven by domestic companies with a number of real estate developers entering the warehousing market through mergers and acquisitions with logistic companies. Along with it, an oversupply situation in the market with new industries, trade growth, and new investments are facilitating expansion of the warehosuing market in the country.

Philippines Warehousing Market Segmentation:

• By Industrial Freight/Retail
• By Inland Container Depots
• By Cold Storage
• By Agriculture

Snapshot of Philippines Cold Storage Market

Philippines Cold Storage Market Overview: The market is in its growth stage owing to rising domestic consumption of meat and seafood, expansion of existing warehousing by companies and increasing government initiatives and investments in the country. The occupancy rate in the cold storage market has been increasing owing to undersupply of cold storage warehouses, especially in the major cities and ports where demand for cold storage is exceeding the supply.

Philippines Cold Storage Market Competition Scenario: Philippines Cold Storage market comprises of more than double digit players competing on the basis of pallet positions, technologies, clients and location of warehouses. Additionally, a rising middle class, booming e-commerce market and the decentralization trend outside of Metro Manila are shaping the Philippines Cold Storage market.

Philippines Cold Storage Market Future Outlook: The Philippines storage market revenue is expected to increase at an impressive CAGR over the forecastperiod 2021-2026. They key contributing factors for such high growth include development of new cold storage warehouses, mounting of food service industry owing to change in lifestyle and consumption habits, rise in automation, growing meat and seafood consumption and rise in level of competition.

Philippines Cold Storage Market Segmentation:

• By Temperature range (by number of pallets): The companies charge varying prices from their clients on per pallet per day basis owing to various factors such as size of the consignment, brand of the company, temperature range and additional technological interventions.
• By Automation (by pallets): Rising competition due to the growth in number of cold storage companies and surge in demand of value-added serviceshas made cold storage companies opt for automation services.
• By End User: The prices have been increasing over the years due to undersupply of cold storage facilities along with increasing demand from various end users.
• By Region: There is high concentration of warehouses in Luzon Island group owing to several factors.

Philippines Cold Chain Market Competition Scenario: The Cold chain market is highly fragmented and is home to triple digit cold transportation & storage players (not including captives). Additionally, Cold chain companies are competing on parameters such as number of warehouses, location, temperature range offered, pallet positions, pallet positions by type, prices, occupancy rate, revenue PHP. Increased technological innovations, expansion of pallets by major companies, entry of new players such as Antarctica Cold Storage, Aspen Logistics, San Simon and more have added more competition parameters in the market.

Philippines Cold Chain Market Future Outlook: Philippines cold chain market is expected to register a positive CAGR during 2021-2026F owing to increasing infrastructure investment to improve connectivity for cold transport business, high domestic demand for seafood and meat products, growing focus on ISO and LEED certifications for frozen storages, automation in cold storages through ASRS, WMS and RFID and incorporation of quick or blast freezing services. Demand for perishable food products is expected to increase due to the rising disposable income and retail spending of the people in the country, which will necessitate the development of cold storage facilities and positively affect the market growth.

Key Segments Covered: -

Philippines Cold Chain Market

By Revenue Split:

• Cold Transport
• Cold Storage 
• By End User:

• Meat and Seafood
• Dairy Products
• Processed Frozen Foods
• Vaccination and Pharmaceuticals
• Fruits and Vegetables

 By Ownership:

• 3PL Cold Chain Facilities
• Owned

 Philippines Cold Transport Market

• By Truck Type
• By Location & Vicinity
• By End User

• By Mode of Transportation

 Philippines Warehousing Market

• By Industrial Freight/Retail
• By Inland Container Depots
• By Cold Storage
• By Agriculture

 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

 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