Due to the climate of Portugal, the temperature of the country stays around 10 degrees Celsius to 30 degrees Celsius during the year, due to this Ambient temperature range’s demand is not expected to grow higher.
The industry of Cold Chain is expected to face challenges such as rising costs of fuel, higher energy costs, and unplanned costs arising out of natural and manmade calamities.
C-Roads Portugal started in 2017 and will last until the end of 2023 and will enhance the intelligence of roads, vehicles, and traffic management.
GURUGRAM, India, Dec. 13, 2022 /PRNewswire/ —
Rising Disposable Income and Retail Spending: Growing demand for temperature-controlled products and the entry of several new players are anticipated to propel the cold chain market. The cold transport segment will still have a greater share in the overall cold chain market during the forecasted period and is expected to be around more than half of the total cold chain market of Portugal in 2026F.in addition to this, the 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 market growth.
Gradual Rise in Exports: Many cold chain operators are expected to expand their operations and new players are expected to enter the market and establish many new cold storage warehouses to cater to the large and rising demand for frozen and chilled storage, providing a significant boost to the Portugal cold storage industry. In past, Portugal’s exports were low due to competition from Spain and Italy, hence the majority of the revenue from the cold transportation industry is generated from domestic demand. A gradual rise in exports is expected as Portuguese companies are slowly getting global partners, hence driving the growth of the cold transportation market.
Adopting IOT and Modern Technologies: Technological advancement is expected to play a major role and new facilities are being built to improve the efficiency of food supply storage and distribution. Drones will soon be used by several warehouses to track their inventories. In the future, the Internet of Things may assist warehouses in lowering risk and avoiding mistakes or accidents that could result in supply chain losses.
Analysts at Ken Research in their latest publication “Portugal Cold Chain Market Outlook to 2026F: Driven by Rising Packaged Foods Consumption Owing to Growing Millennial Population” observed that the Cold Chain market is an emerging market in Portugal at a rebounding stage from the economic crisis after the pandemic. The rising government policies and demand for Cold Chain, rising domestic consumption of fish and other seafood, meat, and frozen foods along with government initiatives are expected to contribute to the market growth over the forecast period. The Portugal cold Chain market is expected to grow at a 5.6% CAGR during 2021-2026F owing to the change in lifestyle and urbanization which led to rising domestic consumption of processed food.
Key Segments Covered:-
Portugal Cold Chain Market
By Revenue Split:
Cold Transport
Cold Warehousing
By End User
Meat and Seafood
Fruits and Vegetables
Pharmaceuticals
Dairy Products
Portugal Cold Transport Market
By Type of Freight
Domestic Freight
International Freight
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Mode of Freight
Land
Sea
Air
By Size of Truck
Small (6 pallets capacity)
Medium (20 pallets capacity)
Large (33 pallets capacity)
By End User
Meat and Seafood
Fruits & Vegetables
Pharmaceuticals
Dairy Products
Portugal Cold Warehouses Market
By Type of Cold Warehouses
Frozen
Chilled
Ambient
By End User
Meat and Seafood
Fruits & Vegetables
Pharmaceuticals
Dairy Products
Processed foods
Frozen Foods
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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
Base Year: 2021
Forecasted Period: 2021-2026F
Companies Covered:-
Americold Logistics
STEF Portugal
NC Logistica
Frigoservice
Paulo Duarte
Primafrio
Luis Simoes
Olano Logistics
Rangel
Soapa Europa
TPCF
TJA
UPS
Logifrio
TIBA Group
HAVI Logistics
Antonio Frade
Transfrio
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Key Topics Covered in the Report:-
Portugal Cold Chain Market Overview
Portugal Cold Chain Industry Supply Ecosystem
Portugal Cold Chain Market Size, 2016-2021
Portugal Cold Chain Market Segmentation (By Cold Storage and Cold Transport, By End Users), 2021
Portugal Cold Storage Market Ecosystem
Portugal Cold Storage Market Size, 2016-2021
Portugal Cold Storage Market Segmentation (by Temperature Range, by End Users), 2021
Portugal Cold Transport Market Overview
Value Chain Analysis of Portugal
Portugal Cold Transport Market Revenue, 2016-2021
Portugal Cold Transport Market Segmentation (by Type of Reefer Truck, by Mode of Transportation, by End Users), 2021
Portugal Cold Chain Market Competition Landscape
SWOT Analysis of Portugal Cold Chain Market
Regulatory Landscape of Portugal Cold Chain Market
Growth drivers of Portugal Cold Chain Market
Issues and Challenges in Portugal Cold Chain Market
Recent Trends in the Portugal Cold Chain Market
End User Analysis of Portugal Cold Chain Market
Future Outlook of Portugal Cold Chain Industry, Cold Storage Market, cold Transport Market, 2021-2026F
Market Opportunities and Analyst Recommendation
For more insights on the market intelligence, refer to the link below:- Portugal Cold Chain Market
Related Reports By Ken Research:-
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.
The cold chain market in Qatar is at the growth stage. It has established its position as an important import hub for the GCC countries (after UAE). Most of the goods are transported to the GCC countries after reaching Qatar. The high dependence of the country on imports to meet its food requirements has decreased over the past years and has necessitated the development of cold chain facilities to store domestically produced perishable products. In the review period 2016-2021P, the Qatar cold chain market has increased at a positive CAGR of 5.8% primarily due to substantial government investments in the freight industry and increase in retail and consumer spending especially in meat and seafood, dairy market, and the growing pharmaceuticals industry.
The cold chain market in Malaysia is at the growth stage. There are not many providers that offer cold chain service for the Malaysian market and it is considered a niche market. Malaysia has established itself as the halal industry hub, making it one of the major trading partners of halal meat and other products. In the review period 2016-2021P, the Malaysia cold chain market has increased at a positive CAGR of 6.9% primarily due to substantial government investments in the freight industry and increase in retail and consumer spending especially in meat and seafood, fruits/vegetables market, and the growing pharmaceuticals industry.
The cold storage market is segmented by Temperature Range, Automation, End User, and demand from major cities and by major companies (market share of major players). The cold transport market is divided by Truck Type, Mode of Transportation, Location and Vicinity, End User; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.
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SOURCE Ken Research