GURUGRAM, India, Jan. 16, 2023 /PRNewswire/ — The Cold chain market is highly fragmented and is home to 100+ cold transportation & storage players enabling the market to transform over the years. Cold chain market is expected to witness significant increase in the number of companies, year-on-year thereby making the industry highly fragmented in the coming years. The market is divided in two segments – Cold Storage and Cold Transportation.
Majority of the 3PL companies are expected to cater to the demand in the future years by deploying more reefer trucks to overcome the undersupply in the market.
Rising per capita income and growing urbanization are augmenting the demand for outdoor dining and frozen food products.
Frozen pallets are expected to grow due to increasing imports of meat and sea food and particularly increase in demand of fisheries.
Rising Storage Costs: Storage cost is expected to rise due to increase in prices of energy and labour costs along with rising automation and technological advancements in the cold storage. Logistics players accommodate booming demand of meat and sea food and frozen food by either expanding their own fleet or outsourcing the vehicles from the third party for the time period to cut their costs.
Technological Advancements Leading to Automation: Indonesia Cold Storage Industry is experiencing a new wave of technological development namely Automation, which increases efficiency and reduces wastage. Automation increases accuracy and speeds up services by improving the staging and picking processes. It enables temperature monitoring in real time, which helps minimize wastage due to contamination and spoilage. Automation leads to a smaller building footprint since robotic stacker cranes can access much higher shelves than forklift operators. This reduces land and rental costs. It creates lesser pilferage and tampering as well as improved ergonomics for workers improving safety and efficiency.
Increase in Demand for Frozen and Chilled food Delivery: Due to shifting dietary preferences, expanding e-commerce, and expanding economies, there is an increase in demand for frozen and chilled food delivery. In order to distribute fresh food and other products in Indonesia, DENSO Corporation and Global Mobility Service (GMS) recently started field testing of a new delivery service incorporating small refrigerated parcels. The domestic sector began producing reefer containers, also known as cooler containers, this year for the first time. Members of the Indonesian Cooling Chain Association (ARPI) and PT Industri Kereta Api (Inka) are working together on production.
Analysts at Ken Research in their latest publication “Indonesia Cold Chain Market Outlook to 2026F- Driven by Rising Fisheries Industry & Convenience Food Consumption Owing to Growing Population and Infrastructural Development” by Ken Research observed that Indonesia Cold Chain Market is in the growing phase. Change in lifestyle and urbanization, the growing fisheries sector, expansion of existing cold storages and rising domestic consumption of meat are some of the factors that will contribute to the Indonesia Cold Chain Market growth over the period of 2021-2026F. It is expected that Indonesia Cold Chain Market will grow at a CAGR of 12.9% for the above forecasted period.
Key Segments Covered:-
Indonesia Cold Chain Market
By Cold Storage and Cold Transport
By Ownership
Owned
Third Party Logistics
By End Users
Meat and Seafood
Vaccination and Pharmaceuticals
Processed Frozen Foods
Dairy Products
Fruits, Vegetables and Others
Indonesia Cold Storage Market
By Automation
Automated Pallets
Non-Automated Pallets
By Temperature Range
Ambient
Frozen
Chillers
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By End User
Meat and Seafood
Vaccines & Pharmaceuticals
Frozen Processed Foods
Dairy Products
Fruits, Vegetables and Others
By Region
Jakarta
Medan
Bekasi
Others
Indonesia Cold Transport Market
By Type of Reefer Truck
Reefer Vans/Trucks
20 foot reefers
40 foot reefers
By Mode of Transportation
Land
Sea
Air
By Location
International
Domestic
By Vicinity
Inter-city
Intra-city
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By End Users
Meat & Sea Food
Vaccines & Pharmaceuticals
Dairy Products
Frozen Processed Foods
Fruits & Vegetables and 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: 2016-2021
Base Year: 2021
Forecast Period: 2021– 2026F
Companies Covered:-
Kiat Ananda Cold Storage, PT
Enseval Putra Megatrading Tbk, PT
GAC Samudera Cold Chain Logistics Services
Mgm Bosco Logistics, PT
Sukanda Djaya, PT
Mega Internasional Sejahtera, PT
Dua Putera Perkasa Pratama
Winson Cold Storage
Savina Cold Storage
PT Perikanan Indonesia
Wahana Cold Storage, PT
Agung Cold Storage
Expravert Nasuba, PT
PT. Ruangan Pendingin Indonesia
PT. Indomaguro Tunas Unggul
PT Halal Logistic Multi Terminal Indonesia
Pluit Cold Storage, PT
Wira Logitama Saksama
United Refrigeration, PT
PT. Tunas Perkasa
Key Topics Covered in the Report:-
Country Overview and Infrastructure Analysis of Indonesia
Indonesia Cold Chain Market Overview
Ecosystem of Indonesia Cold Chain Market
Indonesia Cold Chain Industry Evolution and Value Chain
Indonesia Cold Chain Market Size, 2016-2021
Indonesia Cold Chain Market Segmentation
Indonesia Cold Storage Market Overview
Indonesia Cold Transport Market Overview
Industry Analysis of Indonesia Cold Chain Market
Key Growth Drivers in Indonesia Cold Chain Market
Competitive Landscape in Indonesia Cold Chain Market
End User Analysis of Indonesia Cold Chain Market
SWOT Analysis of Indonesia Cold Chain Industry
Issues and Challenges in Indonesia Cold Chain Industry
Future Outlook of Indonesia Cold Chain Industry
Future Outlook of Indonesia Cold Storage Market
Future Outlook of Indonesia Cold Transport Market
Market Opportunities and Analyst Recommendations
Research Methodology
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Related Reports by Ken Research:-
Portugal’s cold chain market was evaluated to grow at single digit CAGR during 2016-2021.The market is currently in the growth stage owing to rising domestic consumption of processed foods, frozen foods, seafood, and meat along with increasing government initiatives and investments in the sector. Due to the increase in demand for pharmaceutical products, as well as the rise in e-commerce resulting from the pandemic the cold chain market in Portugal has seen its share growth in recent years. The Portugal cold chain market is moderately consolidated. The cold warehouse market has fewer companies due to the large captive company presence in the country. There are many cold transportation companies, most of which are small-scale players with a smaller number of fleets. The demand for consuming frozen foods along with increasing meat and seafood consumption is driving the market.
The evolution of Cold Chain is being driven by the appearance of new companies with a vision of opportunity in the business and aim to capture market share. The Cold Chain market in Brazil is emerging with key projects due to high exports of fruits and vegetables. Brazil Cold Chain Market is currently at the growth stage and the market is currently increasing at a double digit CAGR owing to rising growth in export of meat products and import of pharmaceuticals.
Vietnam 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 Vietnam Cold Chain Industry Ecosystem is driven by large-scale 3PL companies with Real Estate companies investing in logistics services. 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. Other factors affecting prices also include the increasing demand for citrus, meat, and seafood.
Nigeria is experiencing a huge demand in the Cold Chain market due to rise in import for the cold chain commodities, high waste of food, requirement for vaccines and medicines because of the pandemic. With the development of Infrastructure like LAKAJI Agricultural growth corridor and Lekki Sea-Port, the efficiency of the logistics traffic will significantly increase, and with 42 Free Trade Zones in Nigeria where companies can import and export without being subject to the usual customs and tax, it will also boost the logistics industry significantly. With the Improvement of pharmaceutical cold chain, existing players like Zenith Carex are investing to increase their presence in pharma-logistics by adopting new technologies like Internet of Things Censors, Platooning Technologies, RFID tagging, Automated Storage and Retrieval System etc. The Cold Chain Market is Experiencing high growth rate. The market is still expected to grow in double digit in future, so there is a huge potential in the Nigeria Cold Chain Market.
South Africa 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 South Africa Cold Chain Industry Ecosystem is driven by large-scale 3PL companies with Real Estate companies investing in logistics services. 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. The prices in cold storage in South Africa are directly related to inflation and as inflation rises, the prices increase as a result. Other factors affecting prices also include the increasing demand for citrus, meat, and seafood.
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