Philippines Cold Chain Market Size |Philippines B2B B2C Segment

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Philippines Cold Chain Market Report2020 -Ken
Research
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• Evolution of cold chain industry in Philippines
  commenced after the construction of Philippines
  Nautical Highway System in 2003. It is also known
  as Strong Republic National Highway and it is an
  integrated network of highways and vehicular
  ferry routes. The highway is 919 KM long and has
  reduced the previous usual travel time by 17
  hours to the different key cities in Philippines.
  It is also called the Roll-On/Roll-Off system or
  the RO-RO system. RO-RO has accounted for a
  revenue share of around 20.0 in cold chain
  transportation market of Philippines in 2015.

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• The Philippines cold chain market has witnessed
  significant growth after the launch of
  Philippines National Cold Chain Program in
  2004. As per the program, cold chain facilities
  were established in major areas of North, Central
  and South Philippines. Contribution of cold chain
  to the overall logistics market revenues of the
  country has augmented from in 2010 to in
  2015. The Philippines cold chain market has
  witnessed significant growth after the launch of
  Philippines National Cold Chain Program in
  2004. As per the program, cold chain facilities
  were established in major areas of North, Central
  and South Philippines.

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• The project has been implemented in collaboration
  with the private sector. Assistance was provided
  to interested entrepreneurs and investors to
  set-up their own cold chain enterprises.
  Government initiatives, high domestic consumption
  and markets growing food safety concerns have
  propelled the Philippines cold chain market over
  the period 2010-2015. Additionally, there has
  been a gradual shift of people purchasing frozen
  products from supermarkets instead of wet markets
  in Philippines over the past five years. Revenues
  of the cold chain industry have amplified from
  USD million in 2010 to USD million 2015,
  reporting a CAGR of during the period.

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• Cold chain transport and cold storage are the two
  major components of a cold chain industry. Cold
  chain transport has been the dominant segment as
  it has acquired a revenue share of in the cold
  chain market of Philippines during 2015. On the
  other hand, cold storage has garnered a share of
  in the cold chain market during 2015. Lower
  share of cold storage in the cold chain market of
  Philippines has been perceived on the grounds of
  rising cost of power/electricity in Philippines
  over the period. Power rates in Philippines have
  surged from PHP 7.6 per KWH in December 2010 to
  PHP 8.6 per KWH in 2015. On an average, power
  accounts for 50 of operating costs of cold
  storage warehousing in Philippines. Thus
  inclining cost of power has been the major reason
  behind smaller revenue share of cold storage
  warehousing in 2015.

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• Perishable products such as fish, meat, vaccines,
  cakes, fruits and vegetable are perishable
  commodities which require cold chain logistics.
  Meat and seafood have accounted for the largest
  revenue share of in the Philippines cold chain
  market during 2015. Philippines produced around
  2.4 million tonnes of sea food in 2015.
  Furthermore, as of 2015, its average per capita
  sea food consumption is around Kg annually, one
  of the highest in the world. Philippines have a
  large meat and seafood market which has
  complimented the countrys cold chain industry
  remarkably, over the period 2010-2015.
  Philippines cold chain market has been segmented
  on the basis of B2B and B2C segments. Over the
  period 2010-2015, B2B has accounted for a
  dominant share of revenue in the Philippines cold
  chain market. However, ecommerce has grown
  considerably in Philippines over the past five
  years.

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• With a revenue share of , Jentec Cold Storage
  Inc has been the most dominant player in the
  Philippines Cold Chain market during 2015. Apart
  from Jentec, there are other major players in the
  market as well. Glacier is another company which
  is recognized as one of the main cold chain
  service providers in the county. Glaciers
  refrigerated warehouses have been established in
  close proximity to several retail and food
  service distribution centers. Furthermore,
  Glacier also provides cold storage warehouses for
  rent. Glacier has garnered a second largest
  revenue share of in 2015.Polar Bear, Royal
  Cargo, Royale Cold Storage, Vifel and Igloo are
  also operating at a large level in the
  Philippines cold chain market. Polar Bear and
  Royal Cargo have accounted for a market share of
  and in 2015 respectively.

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• Philippines cold chain market has witnessed
  notable growth over the period 2010-2015. Growing
  demand for temperature controlled products in the
  country, entry of several new players and
  government initiatives and programs have
  propelled the cold chain market over the period
  2010-2015. Additionally major players such as
  Royal Cargo, Jentec Cargo and Glacier have
  expanded their cold storage capacity and
  operations in the country over the period
  2010-2015. The future prospects of the cold chain
  logistics industry in Philippines look quite
  promising. The growth of the Philippines cold
  chain logistics market is expected to accelerate
  over the forecasted period 2016- 2020 owing to
  Philippines Cold Chain Project and other cold
  chain programs. Furthermore, augmenting sales of
  Pharma and other temperature controlled products
  will provide the impetus for growth in
  Philippines cold chain logistics market over the
  period 2016-2020. These factors will augment the
  revenues in the Philippines cold chain logistics
  market at a CAGR of from 2016 to 2020.

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• Cold chain transportation has been defined as
  transportation of temperature sensitive products
  along a supply chain by using thermal and
  refrigerated packaging techniques and the
  logistical planning. This has been done to
  protect the integrity of these shipments.
  Revenues of cold chain transportation market of
  Philippines have enhanced at a CAGR of over
  the period 2010-2015. Infrastructural development
  by the government, increasing number of food
  businesses and inclining number of cold chain
  companies in the country have propelled the
  market over the period 2010-2015. Increasing
  exports of temperature controlled products in
  Philippines has also supported the growth in the
  market over the period 201-2015. Market size of
  cold chain transport in Philippines has enhanced
  from USD million in 2010 to USD million in
  2015.

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• Cold chain transport market of Philippines can be
  divided into sea transportation, road
  transportation, air transportation. Philippines
  are very strategically located on the global
  landscape. It is very well connected to different
  continents via the sea route. Liner Shipping
  Connectivity of Philippines has been reported at
  in 2015 which have inclined from in 2010. The
  Liner Shipping Connectivity Index captures how
  well countries are connected to global shipping
  networks. Backed by this, sea transportation has
  accounted for of cold chain transport revenues
  of Philippines in 2015. Out of this, has been
  garnered by RO-RO i.e. ferry service of
  Philippines .On the other hand road and air
  transport have garnered a revenues he of and
  in 2015 respectively.

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• Domestic cold chain transport has accounted for a
  revenue share of in the cold chain transport
  market of Philippines in 2015. On the other hand
  international cold chain transport has captured a
  lower revenues share of in the cold chain
  transport market of Philippines during 2015.
  Domestic cold chain transport has accounted for a
  revenue share of in the cold chain transport
  market of Philippines in 2015. On the other hand
  international cold chain transport has captured a
  lower revenues share of in the cold chain
  transport market of Philippines during 2015. Cold
  chain transportation market of Philippines can be
  further bifurcated into rented and owned cold
  chain vehicles.

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• Majority of the revenues in Philippines cold
  chain market have been contributed by the cold
  chain transport market over the period 2010-2015.
  The share of cold chain transport in the overall
  revenues of cold chain market of Philippines has
  inclined from in 2010 to in 2015. Factors
  such as development of transport infrastructure
  in the country, growing frozen food retail sector
  and expanding cold chain fleet size of the
  country have driven the revenues of the market by
  a CAGR of over the period 2010-2015. Ecommerce
  in Philippines has been predicted to witness a
  rapid growth in Philippines over the period
  2016-2020. Thus the B2C sector has been
  anticipated to enhance at considerable pace over
  the next five years. This will boost the revenues
  of the cold chain transport market of Philippines
  over the period 2016-2020. Additionally, further
  development of transport infrastructure,
  inclining food service establishments and
  expanding frozen food exports are likely to
  augment the revenues of cold chain transport
  market from USD million in 2015 to USD
  million in 2020.

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• Cold storage market of Philippines has witnessed
  a sudden surge especially over the period 2013 to
  2015. Such positive growth has been perceived on
  the grounds of augmenting number of cold storage
  warehouses, and enhancing warehousing capacity of
  existing players in the market over the period
  2010-2015. Additionally, government regulations
  and initiatives to maintain quality of perishable
  food products have also supplemented the growth
  in the cold storage market over the period
  2010-2015. Despite witnessing significant growth,
  revenue share of cold storage market in the
  overall cold chain industry of Philippines has
  declined from in 2010 to in 2015. Average
  storage capacity of a cold storage facility in
  Philippines has been noted at around pallets in
  2015. While the average revenue of a cold storage
  warehouse in Philippines is USD per pallet per
  day. Philippines cold storage market has enhanced
  at a CAGR of over the period 2010-2015. Such
  growth has amplified the revenues from USD
  million in 2010 to USD million in 2015. While
  capacity of the market has inclined from pallets
  per day in 2010 to pallets per day in 2015.

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• Navotas, Quezon City, South Cotabato and
  Paranaque also comprise of large number of cold
  storage warehouses. Novatos has captured a share
  of in the total number of warehouses in
  Philippines during 2015, whereas Quezon City has
  accounted for a share of warehouses in
  Philippines during 2015. Cold storage facilities
  in Philippines are either rented or self owned.
  There are a large number of small players in
  Philippines cold storage market as of 2015. These
  players dont have the financial capability to
  set up a cold storage unit. Monthly rental for an
  average 2700 x 3600 x 2300mm 9.7sqm, 20cubics,
  cold storage facility in Philippines is around
  PHP . While cost of establishing a self owned
  cold storage unit is significantly high. It has
  been witnessed that, on an average, there is a
  decrease in freezing cost per kilogram of in a
  plant with a capacity of 4500 kg/h compared with
  one of 1800 kg/h when a person rents out a
  facility.

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• Cold storage market in Philippines has witnessed
  considerable growth over the period 2010-2015. A
  similar trend in the market is expected over the
  period 2016-2020.It has been expected that
  several new cold chain warehousing facilities
  will be established in Philippines over the
  period 2016-2020. This is likely to provide
  significant boost to the cold chain warehousing
  market of Philippines throughout the forecasted
  period 2016-2020. Furthermore, growing consumer
  demand for frozen food rather than food from wet
  markets has also been anticipated to provide
  ample support to the cold storage warehousing
  market of Philippines over the period 2016-2020.
  Philippines cold storage warehousing market of
  has been projected to augment from USD million
  in 2016 to USD million in 2020 by a CAGR of
  over the period 2016-2020.

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  /philippines-cold-chain-market-report/8219-100.htm
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