May 2022|Malaysia News
Key Findings
- The cold storage market contributed ~70% share to the revenue of the cold chain industry in 2021P, while the cold transport market had accounted the remaining share. However, in near future it is anticipated that the cold transportation market will grow owing to the rising demand for temperature-sensitive products in the country.
- The growth of the cold chain logistics market in the country is driven by high demand for perishable food products such meat and seafood and vegetables/fruits. The pandemic has also led to positive growth in the pharmaceutical sector. The overall cold chain market is, hence, anticipating a positive growth rate in the coming years.
- Land has the highest share for the transportation of cold chain products, since land transportation is used not only for domestically transporting goods internally within the country but also used for transporting goods to the neighboring countries of Malaysia such as Singapore, Thailand, Lao PDR, Cambodia, and Vietnam.
Malaysia Shipping Master Plan: The Government plans to transform logistics services by centralizing the planning and development of logistics hubs, accelerating digital adoption and encouraging mergers and acquisitions among industry players. A national regulatory framework for warehousing is being formulated. The Malaysia Shipping Master Plan will realize the aspirations of the Malaysian shipping sector to be a business service sector. This is planned to be achieved through the introduction of sustainable measures aimed at removing competitive disparities and improving capabilities of Malaysian ship-owners, maritime human resources, and maritime ancillary services to meet domestic and regional shipping needs.
Growth of Malaysia Cold Chain Market Demand: Cold Chain usage in Malaysia has increased due to the importance of maintaining optimal temperatures, especially for the postharvest or post-production temperatures sensitive goods. It is also a derived demand from the Halal logistics sectors. To maintain the Halal assurance for Halal products, utilizing a controlled temperature is one of the characteristics of a Halal supply chain foundation. The temperature-controlled warehouse is a value-added service to the Halal logistics industry in Malaysia since temperature breakdowns during halal meat handling is a significant problem being faced by the industry.
Growth of Integrated Logistics: TASCO has acquired two major cold storage companies Gold Cold & MILS and Hyper cold since 2016. These mergers are leading to the establishment of a bigger player thus eliminating the need of outsourcing (4PL). Moreover, given the trend, more number of small cold companies are expected to merge with bigger players contributing to the expansion of integrated logistics.
Analysts at Ken Research in their latest publication “Malaysia Cold Chain Market Outlook To 2026 – Driven by Increase in Demand for Perishable Food Items and its Establishment as the Halal Industry Hub, Malaysia Cold Chain Market Experiencing Growth“ believe that the Cold Chain market in Malaysia is expected to experience positive growth owing to the increase in e-commerce and government’s initiatives to improve the logistics infrastructure in the country as part of Malaysia’s ‘National Transport Policy’. The market is expected to register a positive CAGR of 7.6% in terms of revenue during the forecasted period 2021P – 2026F.
Key Segments Covered
By Type of Market
- Overall Cold Chain Market
- By End-User Application
- Meat/seafood
- Dairy products
- Pharmaceuticals
- Vegetables/fruits
- Others
- Cold Storage
- By Temperature
- Ambient
- Chilled
- Frozen
- Cold Transport
- By Mode of Freight
- Land
- Sea
- Air
- By Type of Freight
- Domestic
- International
Request For Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTQ4ODA5
Key Target Audience
- Cold Chain Companies
- Logistics Companies
- Government Associations
- Express Logistics Companies
- Industry Associations
- Warehousing Companies
- E-Commerce Operations
- Investors and Private Equity Companies
- Logistics Companies
- Dairy Companies
- Meat and Seafood Companies
- Fruits and Vegetables Companies
- Pharmaceutical Companies
Time Period Captured in the Report
- Historical Period: 2016-2021P
- Forecast Period: 2021P-2026F
Companies Covered
- Tiong Nam Logistics
- IGLO
- SK Cold Chain
- NL Cold Chain
- TASCO Cold Chain
- Frio Logistics
- Integrated Cold Chain Logistics
Key Topics Covered in the Report
- Malaysia Cold Chain Market Competitive Landscape
- Malaysia Cold Chain Market Overview
- Infrastructure Analysis
- Existing and Emerging Technologies
- Malaysia Cold Chain Market Value Chain
- Malaysia Cold Chain Market Size by Revenue, 2016-2021P
- Malaysia Cold Chain Market Segmentation and Segment Future, 2021P-2026F
- End User Industry Analysis And Future Growth Potential
- Malaysia Cold Chain Market Company Profiles of Major Players
- Regulatory Environment
- Industry Trends and Developments
- Industry Issues and Challenges
- Analyst Recommendation
- Malaysia Cold Chain Market Future Outlook and Projections, 2021P-2026F
- Malaysia Cold Chain Market Analyst Recommendations
Related Reports
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
