Philippines Frozen Storage Market is Driven by Growing Demand for Dining at Restaurants, Improving Lifestyle and Increasing Consumption of Frozen Food Products: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit “Changing lifestyles and rising urbanization in the country has driven the growth of frozen storage market in the Philippines” Rise in Dining at Restaurants: Millennial population in the Philippines actively eats at restaurants. Young diners have been observed to consume 1 of every 3 breakfasts, half of their lunches and a minimum of 4 of 10 dinners, away from home. On a monthly basis, 85% millennial source food from fast-food restaurants, 82% from street-food kiosks or carts, 81% from office-building cafeterias, 80% from prepared-foods areas at retail stores, 76% from cafes specializing in beverages and baked goods, 74% from sit-down restaurants and 56% from vending machines. In addition to this, Filipinos have adopted the habit of prior reservations before actually visiting the restaurants. This has bolstered the business of companies such as Booky, Zomato, and Eatigo as well. Growing per Capita Income: Philippines has been performing financially well, during the previous 6 years. The GDP of the Philippines was observed to grow from USD 284.6 billion in 2014 to USD 330.9 billion in 2019 depicting a CAGR of 3.8% during the period. Correspondingly, the GDP per Capita also increased from PHP 2,768 in 2013 to PHP 3,294 in 2019 indicating a CAGR of 2.9% during the 6 year period. A rise in per capita income and financially stable economy of the Philippines are indicators of improving lifestyle and growing consumption in the country thereby increasing demand for frozen storage products as well. Increasing Demand for Processed Frozen Foods: Demand for processed frozen foods has grown in the country including frozen yogurts and ice-creams requiring freezers during the review period 2014 to 2019. The demand is mostly met by companies such as Papa Diddi’s, Merry Moo, Ambassador’s Vegan Ice Cream, Sebastian’s and Carmen’s best. The growing frozen dessert sector and increasing consumption levels of frozen patties, pizzas and nuggets pose great opportunities for freezers to expand operations and meet the rising demand for the nation. Analysts at Ken Research in their latest publication “Philippines Frozen Storage Market Outlook to 2025 Driven by Growing Meat and Seafood Consumption and Insufficient Pallet Capacity to Tackle Food Wastage” observed that the market in The Philippines is presently in the growth stage and is projected to continue growing till it reaches maturity by the year 2035. The market is indicating a year-on-year increase owing to factors such as a rise in dining at cafes and restaurants majorly by growing millennial population, rising per capita income and increasing consumption of frozen products such as ice-cream, frozen yogurts and desserts, frozen pizzas, nuggets, fries, and ready-to-eat meals. Thus, the Philippines’ frozen storage market by revenue has shown considerable growth in the year 2019 and is projected to continue growing at a CAGR of 9.8% during the forecast period 2020-2025. 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:- Benson Industrial Cold Storage Market Size Cold Storage industry in Southeast Asia Cold Storage Market in APAC Logistics Companies in Philippines Philippines Dairy Products Market Analysis Philippines Ready to Meals Market Size in PHP Billion Philippines Restaurants Market Growth Rate Philippines Weighted Average Rental Price Production of Poultry in Philippines in Thousand metric Tons Refrigerants Used for Cold Storage of Meat in Philippines Temperature Controlled Storage in Philippines Vegetables Blast Freezer Market Philippines 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 support@kenresearch.com +91-9015378249 Follow Us LinkedIn | Instagram | Facebook | Twitter | YouTube Tags: Automated Cold Storage Market Philippines, Automated Frozen Storage in Philippines, Automation in Cold Storages Market Philippines, Benson Industrial Cold Storage Market Size, Captive Cold Storage Market Philippines, Captive Frozen Storage Philippines, Cold Storage Companies in Philippines, cold storage company in the philippines, Cold Storage industry in Southeast Asia, Cold Storage Industry Philippines, Cold Storage Market in APAC, Cold Storage Market in Philippines, Cold Storage Market Philippines, cold storage rates per pallet philippines, Demand-Supply Gap in the Philippines Frozen Storage Market, Food Wastage Cold Storage Market Philippines, Frozen Storage Companies in Philippines, Frozen Storage Industry Philippines, Frozen Storage Market Philippines, Future Of Philippines Frozen Storage Market, Ice Cream Storage Market Philippines, Logistics Companies in Philippines, Noncaptive Cold Storage Market Philippines, Noncaptive Frozen Storage Philippines, Philippines Aspen Cold Storage Market Report, Philippines Automated Pallet Rental Price, Philippines Big Blue Logistics Market Future, Philippines blast freezer service Market, Philippines Cold Storage Industry, Philippines Cold Storage Market, Philippines Cold Transport Market, Philippines Crystal Cold Storage Industry Analysis, Philippines Dairy Products Market Analysis, Philippines Dairy Storage Market Growth, Philippines Frabelle Cold Storage Competitors, Philippines Frozen Pallet Demand Analysis, Philippines Frozen Storage Industry, Philippines Frozen Storage Industry Growth, Philippines Frozen Storage Industry Research Report, Philippines Frozen Storage Industry Size, Philippines Frozen Storage Market, Philippines Frozen Storage Market Forecast, Philippines Frozen Storage Market Major Players, Philippines Frozen Storage Market Outlook, Philippines Frozen Storage Market Research Report, Philippines Frozen Storage Market Revenue, Philippines Frozen Storage Market Revenue in PHP Billion, Philippines Frozen Storage Market Segmentation, Philippines frozen transport services Market, Philippines Jentec Cold Storage Market Size, Philippines Meat and Seafood Future Market, Philippines Mets Logistics Market Growth, Philippines Ready to Meals Market Size in PHP Billion, Philippines Restaurants Market Growth Rate, Philippines Royale Cold Storage Market Revenue, Philippines Weighted Average Rental Price, Processed Food Storage Market Philippines, Processed Frozen Storage Industry Philippines, Production of Poultry in Philippines in Thousand etric Tons, Refrigerants Used for Cold Storage of Meat in Philippines, Technology in Frozen Storage Philippines, Temperature Controlled Storage in Philippines, Vegetables Blast Freezer Market Philippines