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Philippines Cold Chain Market Outlook to 2025

Driven by Rising Processed Food Consumption Owing to Growing Millennial Population Albeit Infrastructure Challenges

Region:Asia

Author(s):Aarsh Gugliani

Product Code:KR968

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Published On

October 2020

Total pages

130

About the Report

 Click on the link for Philippines Cold Chain Market Outlook to 2026F

The publication titled “Philippines Cold Chain Market Outlook to 2025: Driven by Rising Processed Food Consumption Owing to Growing Millennial Population Albeit Infrastructure Challenges” provides a comprehensive analysis of the cold chain market of Philippines. The report covers ecosystem of the market, infrastructure analysis of the country, value chain analysis, comparative analysis with other cold chain markets, deep-dive into cold chain market including overview, size, segmentation and future outlook, similarly for cold chain and cold transport markets as well. The report also includes regulatory landscape of cold storage and transport markets, trends and developments, issues and challenges, decision making parameters for end users and SWOT analysis of the industry. The report finally concludes with competitive landscape including competition scenario, cross comparison, strengths and weaknesses and company profiles of major players in cold storage and transport business, macroeconmic factors impacting the industry and analyst recommendations.
Philippines Cold Chain Market
 
Philippines Cold Chain Market: Philippines: cold chain market was evaluated grow at a CAGR of 12.7% during 2014-2019 owing to the launch of ‘Philippines National Cold Chain Program’ in 2004 which helped in establishment of cold chain facilities in major areas of North, Central and South Philippines. Government initiatives such as ‘Philippines Cold Chain Project’ launched in 2014, ‘Build, Build, Build’ initiative in 2018 and the annual Philippines cold chain expos conducted by CCAP have been vital for the market growth. The market has been driven primarily by the cold storage over transport business. Corespondingly, the cold chain industry has also been driven by rising meat consumption, consistent seafood production and rise in preventable diseases among Filipinos thereby augmenting the demand for vaccines and pharmaceuticals.

Philippines Cold Storage Market: Cold storage business has been the major growth driver for cold chain industry. Estimated number of accredited cold storages by Department of Agriculture in Philippines increased from 256 in 2016 to 316 by the year 2019. A high occupancy rate is also observed for facilities during peak season such as Ber season for meat and seafood, sometimes exceeding 100% capacity thereby forcing companies to act as mediators between the clients and their sister/partner companies. Some of the leading cold storage players in the industry include Jentec Storage, Glacier Megafridge, Mets Logistics, Royal Cargo, Big Blue Logistics, Royale Cold Storage, ORCA Cold Chain, Vifel Ice Plant and Cold Storage, Koldstor and Polar Bear Freezing and Storage Corporation. The sector has also witnessed support from the government which increased its subsidy for cold storages to PHP 0.9 million during 2017 to 2019.

Philippines Cold Transport Market: Cold transport market has been defined as movement of temperature sensitive products along the supply chain using thermal and refrigerated packaging techniques and logistical planning to prolomg the shelf life of consigmnents. The several methods for transporting products include refrigerated trucks and railcars, refrigerated cargo ships and air cargo. Moreover, it is the 4, 6 and 8 wheeler reefer trucks with a capacity ranging between 1 to 10 tons which can be seen plying the roads of Philippines. These are primarily used for delivery over short distances whereas 20 footer and 40 footer reefer trucks are used to deliver products over long distances. For instance, product movement from fish port complexes to ante rooms and cold storages incorporate such large sized trailers. Infrastructural development by government through construction of new inter-island bridges and paved roads has propelled the cold transport business. Increasing exports of fruits and vegetables after blast freezing to the west especially United States has also supported this industry.

Philippines Cold Chain Market Competition Scenario: Competition in the Philippines cold chain market is moderately fragmented as the major 5 players including Jentec Storage, Glacier Megafridge, Mets Logistics, Royal Cargo and Big Blue Logsitics were observed to account for majority share in the market in terms of numer of cold storage pallets in 2019. Additonally, cold chain companies were competing on parameters such as location, price, temperature range and level of integrated services. These companies also focus on marketing their products by directly scheduling meetings with potential clients and also heavily invest in social media marketing. Majority of the competition has been observed to house in the island group of Luzon which was estimated to account for more than 200 cold storages in 2019.

Philippines Cold Chain Market Future Outlook: Philippines cold chain market is expected to register a positive CAGR of 9.9% during 2020-2025 owing to mounting food service industry, change in lifestyle and consumption habits, increasing infrastructure investment to improve connectivity for cold transport business, high domestic demand for fish, seafood and meat products, growing focus on ISO and LEED certifications for cold storages, automation in cold storages through ASRS, WMS and RFID and incorporation of quick or blast freezing services. However, despite the augmenting demand for most cold storage products in the country, the market is facing challenges that will affect the business decisions, both in investment planning and operations management. These issues will be the cost of doing business such as having to wade through government’s bureaucracy and to cope with unexpected and unplanned costs which are extra costs which exert adverse impact on the industry overall competitiveness.

Key Topics Covered in the Report

  • Executive Summary
  • Research Methodology
  • Ecosystem of Philippines Cold Chain Market
  • Infrastructural Analysis of Philippines
  • Value Chain Analysis of Philippines Cold Chain Market
  • Comparative Analysis of Philippines with Other Cold Chain Markets Philippines Cold Chain Market
  • Philippines Cold Storage Market
  • Philippines Cold Transport Market
  • Regulatory Landscape of Philippines Cold Chain Market
  • Trends and Developments in Philippines Cold Chain Market
  • Issues and Challenges in Philippines Cold Chain Market
  • Decision Making Parameters for End Users in Philippines Cold Chain Market
  • SWOT Analysis of Philippines Cold Chain Market
  • Competitive Landscape in Philippines Cold Chain Market
  • Macroeconomic Factors Impacting Philippines Cold Chain Market
  • Analyst Recommendations

Products

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: 2014-2019
  • Forecasted Period: 2020F-2025F

Companies

Key Segments Covered

Types of Products:

  • Meat and Seafood
  • Fruits and Vegetables
  • Dairy Products
  • Bakery and Confectionary
  • Vaccination and Pharmaceuticals
  • Others (Include animal feed, hotdogs, burgers, fries, chemicals and several others)

Companies Covered:

  • Jentec Cold Storage
  • Glacier Megafridge
  • Mets Logistics
  • Royal Cargo
  • Big Blue Logistics
  • Royale Cold Storage
  • ORCA Cold Chain
  • Vifel Ice Plant & Cold Storage
  • Koldstor Inc.
  • Polar Bear Freezing Services
  • Frabelle Cold Storage
  • Arctic Cold Storage
  • Igloo Supply Chain
  • Antarctica Cold Storage
  • VVS Cold Storage
  • Crystal Cold Storage
  • Benson Industrial Cold Storage
  • JM Processing
  • Cold Chain Warehouse Specialist
  • San Simon Cold Storage
  • Cebu Subzero Logistics
  • Estrella Cold Storage
  • WCL Cold Storage
  • Technofreeze
  • Aspen Cold Storage

Table of Contents

1. Executive Summary

2. Research Methodology

2.1. Market Definitions
2.2. Abbreviations
2.3.Market Size and Modeling
Research Methodology
Sample Size Considered, 2019
Limitations
Variables (Dependant and Independent), 2018
Multi Factor Based Sensitivity Model
Final Conclusion

3. Ecosystem of Philippines Cold Chain Market

4. Infrastructural Analysis of Philippines

4.1.Road Network in Philippines
4.2. Seaports in Philippines
4.3. Airports in Philippines

5. Value Chain Analysis of Philippines Cold Chain Market

6. Comparative Analysis of Philippines with Other Cold Chain Markets, 2018

6.1. Cross Comparison of Philippines Cold Chain Market with Leading Cold Chain Economies (India and China)
By Cold Storage Capacity, 2018
6.2.Cross Comparison of Philippines Cold Chain Market with Southeast Asian Countries (Vietnam, Indonesia, Malaysia and Thailand), 2019

7. Philippines Cold Chain Market, 2014-2025F

7.1. Philippines Cold Chain Market Overview
Philippines Cold Chain Industry Cycle
Timeline of Major Players
7.2. Philippines Cold Chain Market Size, 2014-2019
7.3.  Philippines Cold Chain Market Segmentation, 2014-2019
7.3.1. By Type of Market (Cold Storage and Cold Transport), 2014-2019
7.3.2. By Products (Meat and Seafood, Fruits and Vegetables, Dairy Products, Bakery and Confectionary, Vaccination and Pharmaceuticals and Others), 2019
7.4. Philippines Cold Chain Market Future Outlook and Projections, 2020F-2025F
Future Strategies of Companies in Philippines Cold Chain Market
Emerging Technologies in Philippines Cold Chain Market
7.4.1. By Type of Market (Cold Storage and Cold Transport), 2020F-2025F
7.4.2. By Products (Meat and Seafood, Fruits and Vegetables, Dairy Products, Bakery and Confectionary, Vaccines and Pharmaceuticals and Others), 2025F

8. Philippines Cold Storage Market, 2014-2025F

8.1. Philippines Cold Storage Market Size, 2014-2019
8.1.1. By Revenue, 2014-2019
8.1.2. By Number of Cold Storage Warehouses (CSWs), 2014-2019E
8.1.3. By Cold Storage Capacity in Pallets, 2019
8.1.4. By Average Storage Rental Price for Cold Storage Pallets, 2019
8.2. Philippines Cold Storage Market Segmentation, 2019
8.2.1. By Ownership (Captive and Non-Captive Warehouses), 2019E
8.2.2. By Temperature (Frozen and Ambient), 2019E
8.2.3. By Level of Automation (Automated and Non-Automated Pallets), 2019E
8.2.4. By Island Group (Luzon, Mindanao and Visayas), 2019E
By Regions in Philippines
Cost Composition of Cold Storages in Philippines
8.3. Philippines Cold Storage Market Future Outlook and Projections, 2020F-2025F
8.3.1. By Revenue, 2020F-2025F
8.3.2. By Number of Cold Storage Warehouses (CSWs), 2020F-2025F
8.3.3. By Cold Storage Capacity in Pallets, 2020F-2025F
8.3.4. By Average Storage Rental Price for Cold Storage Pallets, 2020F-2025F
8.3.5.Philippines Cold Storage Market Future Segmentation, 2025F
By Ownership (Captive and Non-Captive Warehouses), 2025F
By Temperature (Frozen and Ambient), 2025F
By Level of Automation (Automated and Non-Automated Pallets), 2025F
By Island Group (Luzon, Mindanao and Visayas), 2025F

9. Philippines Cold Transport Market, 2014-2025F

9.1.Philippines Cold Transport Market Size, 2014-2019
9.1.1.Market Overview
9.1.2. Market Size by Revenue, 2014-2019
9.1.3. By Number of Reefer Trucks, 2014E-2019E
9.2. Philippines Cold Transport Market Segmentation, 2019
9.2.1. By Mode of Transport (Sea, Air, Land), 2019
By Mode of Land Transport (40 Foot Reefers, 20 Foot Reefers and Others), 2019
9.2.2. By Destination (Domestic and International), 2019
Meat and Seafood
Fruits and Vegetables
Dairy Products
Pharmaceutical Products
Bakery and Confectionary Products
9.2.3. By Vicinity (Inter-island and Intra-island), 2019
Cost Composition of Cold Transport in Philippines
9.3. Philippines Cold Transport Market Future Outlook and Projections, 2020F-2025F
9.3.1. By Revenue, 2020F-2025F
9.3.2. By Number of Reefer Trucks, 2020F-2025F
9.3.3. Philippines Cold Transport Market Future Segmentation, 2025F
By Mode of Transport (Sea, Air, Land), 2025F
By Destination (Domestic and International), 2025F
By Vicinity (Inter-island and Intra-island), 2025F

10.   End User Analysis of Philippines Cold Chain Market, 2014-2025F

10.1. Meat and Seafood Companies
10.2. Fruits and Vegetables Companies
10.3. Dairy Companies
10.4. Pharmaceutical Companies
10.5. Bakery and Confectionary Companies
10.6. Processed Food Companies, Restaurants and Kitchens

11. Decision Making Parameters for End Users in Philippines Cold Chain Market

12. Regulatory Landscape of Philippines Cold Chain Market

12.1. Cold Storage Market
12.1.1. Major Cold Storage Projects by Government
Snaphsot on Philippines Cold Chain Project (PCCP), 2014
12.1.2. Accreditation Process of Cold Storages by NMIS
12.1.3. Accreditation Levels of Cold Storages
12.1.4.Incentives by Board of Investments (BOI)
Incentive on Geographical Consideration
General Incentives Applicable for Cold Storage Investors
Incentives on Equipments
Income Tax Holiday by BOI
Incentives Involving Exemptions
Incentives Including Deducations from Taxable Income
Non Fiscal Incentives by BOI
12.2.Cold Transport Market
12.2.1. Regulatory Authorities by Mode of Transport (Land, Sea and Air)
Land Transport
Sea Transport
Air Transport
12.2.2.  Regulations by Type of Products (Meat and Seafood, Fruits and Vegetables, Dairy and Pharmaceuticals)
Meat and Related Products
Fisheries and Aquatic Products
Fruits and Vegetables
Dairy Products
Pharmaceutical Products

13. Growth Drivers and Trends in Philippines Cold Chain Market, 2014-2019

Increasing Medicaments’ Imports
Growing Demand for Meat Products
Consistent Production of Fish and Seafood
Change in Lifestyle and Rise in Consumption of Processed Foods
Increase in Restaurants and Food Related Establishments

14. Issues and Challenges in Philippines Cold Chain Market, 2014-2019

Frequent Power Outages Cold Storage Business
Increasing Expenditure on Electricty
Lack of Proper Infrastructure
Insufficient Cold Storage Pallets Resulting in High Food Wastage
Philippines: A Country Prone to Frequent Natural Calamities and Disasters
Expensive Certifications
Ongoing Truck Ban in Philippines

15. SWOT Analysis of Philippines Cold Chain Market

16.  Competitive Landscape in Philippines Cold Chain Market
16.1.Competition Scenario in Philippines Cold Chain Market, 2019
16.2. Cross Comparison of Major Players by Major Locations and Frozen Pallet Rental Price
16.3. Cross Comparison of Major Players by Occupancy Rate and Number of Reefer Trucks
16.4.Strengths and Weaknesses of Major Players (Jentec Storage, Glacier Megafridge, Mets Logistics, Royal Cargo and Big Blue Logistics)
16.5.Company Profiles of Major Players in Philippines Cold Storage Market, 2019
16.5.1. Jentec Storage
16.5.2. Glacier Megafridge
16.5.3. Mets Logistics
16.5.4. Royal Cargo
16.5.5. Big Blue Logistics
16.5.6. Royale Cold Storage
16.5.7. ORCA Cold Chain
16.5.8. Vifel Ice Plant and Cold Storage
16.5.9. Koldstor
16.5.10. Polar Bear Freezing & Storage Corporation
16.6.Company Profiles of Major Players in Philippines Cold Transport Market (Royal Cargo, Jentec Storage and Glacier Megafridge), 2019

17.Analyst Recommendations

17.1. Analyst Recommendations to the Government
Reducing Cost of Electricity
Improve Coordination between Government and Private Sector
Easing Port Congestion
Reduce Cost of Certification
Adopt Common Inspection Policy
Focus on Improving Infrastructure
Weeding out Old Trucks
17.2. Analyst Recommendations to Cold Chain Companies
Expansion in Untapped Areas
Increase Tie-ups with Companies
Training of Cold Chain Personnel
Increase Freezer and Blast Freezer Rooms

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