1. The Qatar Cold Chain Market witnessed a growth in the last few years.
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The Qatar Cold Chain Market is in the growth stage and is heading towards saturation amongst competitors with established International and Domestic players operating and expanding in Qatar. The market is highly concentrated in places like free zones. The cold chain operators in Qatar offer a plethora of services under one roof, including packaging, labeling, batch separation, film-stretch application and palletizing. However, many manufacturers are hesitant to sign multi-year contract with a single 3PL cold storage provider. Whereas, they want to renegotiate contracts or find more value-added services with other companies.
2. Meat and seafood dominate the Qatar Cold Chain Market.
Meat and seafood hold majority of the market revenue share at ~35% in 2021, closely followed by dairy products. Apart from lifestyle, people’s trust in frozen food is getting higher. The frozen food sales have gained traction primarily due to the expansion of modern retail outlets across the country. The pharmaceutical industry saw a boost post-Covid. Consumption of fruits and vegetables increased due to growing health concerns in the country. The use of e-commerce has grown so much in the last few years, pandemic accelerated online activities and businesses’ shifted to digital operations.
3. The Cold Storage Segment saw a huge rise in terms of revenue in Qatar.
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The Qatar Cold Storage Market saw a CAGR of 5.2% in the period of 2016-2021P. Adoption of warehouse automation is gaining traction. More and more warehouses are making space for technologies such as automated storage and retrieval systems for speeding order deliveries and implementing social distancing. Warehouses are trying to increase their capacity post-COVID for a variety of reasons such as increased Inventory on-hand, meeting increased demand. This additional capacity might be spread out in smaller or more local or decentralized warehouses.
Grocery was one of the fastest growing e-commerce sector during the COVID times. Hence, warehouses are trying to increase their cold storage capacity to adopt to this change in online shopping pattern. In the wake of COVID, warehouses are looking to implement scalable processes to manage unpredictable demand. Using a combination of material handling technologies and software solutions, warehouses are trying to deploy flexible order picking strategies to easily handle peaks or valleys in demand.
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