Philippines Cold-Storage Warehouses Market, By Warehouses Type (Private, Semi-private, Public), Construction Type (Bulk Storage, Production Sites, Port-centric, Others), Temperature Type (Chilled, Frozen), End-users (Producers, Retailers, Food Service Providers) Application (Food Products, Beverages, Dietary Supplements, Personal Care Products, Pharmaceuticals & Biological Products, Others) - Industry Trends and Forecast to 2030.
Philippines Cold Storage Warehouse Market Analysis and Size
Philippines cold-storage warehouses market is growing faster due to the rising demand for frozen and convenience food products. Growth in E-commerce and online grocery shopping are serving as a major driving force for the Philippines cold-storage warehouses market growth. Mass production of highly perishable goods and changing consumption patterns of consumers have created the demand for cold storage facilities in the industry. However, high input costs for setting up the cold storage units may hamper the market growth.
Data Bridge Market Research analyzes that the Philippines cold storage warehouse market which was valued at USD 840.64 million in 2022 is expected to reach the value of USD 1,240.31 million by 2030, at a CAGR of 9.8% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2014-2020)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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By Warehouses Type (Private, Semi-private, Public), Construction Type (Bulk Storage, Production Sites, Port-centric, Others), Temperature Type (Chilled, Frozen), End-users (Producers, Retailers, Food Service Providers) Application (Food Products, Beverages, Dietary Supplements, Personal Care Products, Pharmaceuticals & Biological Products, Others)
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Market Players Covered
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VVS Cold Storage (U.S.), Crystal Cold Storage (U.S.), METS Logistics Incorporated (U.S.), Royale Cold Storage, Inc. (U.S.), Benson Developments (U.S.), Glacier Megafridge, Incorporated (U.S.), Antarctica Cold Storage (U.S.), Cold Storage ROL Fabrications (U.S.), ORCA Cold Chain Solutions (U.S.)
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Market Opportunities
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Market Definition
A cold storage warehouse is a location or structure that is restricted to specific environmental conditions in order to keep products safe. From the outside, these warehouses resemble any other, but they differ in their internal environment. Some cold storage Warehouses have such harsh conditions that standing inside requires special equipment. Cold storage warehouses, such as any other, come in various forms depending on the need.
Cold Storage Warehouse Market Dynamics
Drivers
- Rising demand for frozen and convenience food products
Rising millennial consumption of frozen foods such as patties, fries and nuggets has been a key growth driver for the industry. The working population across the globe is switching to the frozen foods and snacks. The busy lifestyle of consumers are enabling them to look for the substitutes which are easily available and convenient to eat anytime. People are eating frozen and convenience foods more than ever which is creating a demand for the storage structures for such products to maintain their quality and shelf life. Moreover, the rising demands of such products in the industry will increase the demand for the cold-storage warehouses in the market.
- Increasing demand for cold storage facilities to store highly-perishable goods
To meet food safety standards and customer demands, handling perishable goods necessitates temperature-controlled environments and continuous handling of all processes. With increasing production and imports of perishable goods, it becomes necessary to store them at desired temperature in order to maintain their shelf life and volume. With this increased production, the capacity regarding to the storage of goods is also increasing. In order to supply these products to end user, companies are manufacturing cold storage warehouses to provide sufficient space for the goods.
Hence, in order to store different perishable products, the cold storage warehouses are required and with increase in demand for such products, the demand for cold storage warehouses is also increasing. This increasing demand is expected to grow the Philippines cold-storage warehouse market.
Opportunity
- Diverse cheese varieties
The increased snack consumption presents a substantial opportunity for the global Cold storage warehouse market, driven by a growing customer base seeking convenient, nutritious, and diverse snacking options. Rice cakes, known for their portability and health-conscious appeal, align with the convenience and health trends in snacking. As consumers prioritize taste and nutrition, manufacturers can seize the opportunity by offering a variety of flavors and premium options, potentially expanding into new global markets and leveraging online sales channels to reach a wider audience. This shift in consumer behavior opens doors for the cold storage warehouse market to thrive in a changing snack landscape
Restraints/Challenges
- High initial set-up cost
The cold-storage warehouses needs a variety of investments related to the refrigeration systems, racking systems, security systems, pelleting capacity, refrigerated trucks etc. for establishing a fully working cold-storage warehouse unit. Due to these many requirements the initial investment becomes very high. Even after having good returns in the future, manufacturers think before investing in this business. This high initial set-cost may result in the hampering in market.
This cold-storage warehouses market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cold storage warehouse market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In June 2021, Royale Cold Storage Inc. expanded its site network and adopted AEB's WMS, a cloud software specialist in global trade, logistics, IT, to provide the warehouse management system, to boost their operation, as it ramps up digitalization of its operation. AEB’s WMS can help the company in systematically streamline scheduled pick-ups and deliveries of goods. This adoption of AEB's WMS helped the company to boost their operations
Philippines Cold Storage Warehouse Market Scope
Philippines cold-storage warehouses market is segmented into five segments based on warehouses type, construction type, temperature type, end-users and application.
The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Warehouses Type
- Private
- Semi-Private
- Public
Construction Type
- Bulk Storage
- Production Sites
- Port-Centric
- Others
Temperature Type
- Chilled
- Frozen
Application
- Food Products
- Beverages
- Dietary Supplements
- Personal Care Products
- Pharmaceuticals & Biological Products
- Others
Competitive Landscape and Philippines Cold Storage Warehouse Market Share Analysis
Philippines cold-storage warehouses market competitive landscape provides details the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth and application dominance. The above data points only relate to the companies' focus on the Philippines cold-storage warehouses market.
Some of the major players operating in the Philippines cold-storage warehouses market:
- VVS Cold Storage (U.S.)
- Crystal Cold Storage (U.S.)
- METS Logistics Incorporated (U.S.)
- Royale Cold Storage, Inc. (U.S.)
- Benson Developments (U.S.)
- Glacier Megafridge, Incorporated (U.S.)
- Antarctica Cold Storage (U.S.)
- Cold Storage ROL Fabrications (U.S.)
- ORCA Cold Chain Solutions (U.S.)
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