Analysts at Ken Research in their latest publication “UAE Cold Chain Market Outlook to 2025 – By Cold Storage (Ambient, Chilled and Frozen Warehousing) and Cold Transport (Land, Sea and Air), By End User (Dairy Products, Meat and Seafood, Pharmaceuticals, Fruits and Vegetables and Others) and By Ownership (Integrated and Contract Logistics)“ believe that the Cold Chain market in UAE is expected to grow due to growth in the demand for food items, increase in manufacturing activity in the pharmaceutical industry and government initiatives to improve the logistics infrastructure in the country. The market has registered a positive CAGR of 6.6% in terms of revenue during the study period 2014-2019.
“Increasing imports of meat and seafood and pharmaceuticals and rising consumer retail spending has driven the cold chain market in UAE”
Rising Imports of Food Products and Pharmaceuticals: Due to country’s arid climatic conditions, around 80.0% of the food requirements of country are met through imports from countries such as Brazil, India, USA and others. The country also imports a large quantity of pharmaceuticals and has a developing domestic production market of pharmaceutical supplies. In the last few years, the market also witnessed an impressive increase in the consumer retail spending in the country. According to the Global Storage Capacity Report of 2018, the consumer retail spending on grocery grew at a CAGR of 9.5% over the period 2012-2017.
Rising Prevalence of 3PL Companies: The market witnessed a strong demand for full-fledged integrated distribution centres that included logistics’ facilities, cold storage, dry storage and supporting retail facilities, as a result, demand for new-generation logistics facilities (built-to-suit) increased in the market and increase growth potential for 3PL companies that could handle stock distribution for companies with large and sophisticated supply chains. Currently, majority of the cold storage warehouses are concentrated in Dubai and Abu Dhabi, however it was witnessed that many 3PL companies were planning to expand their operations across other cities as well to exploit the rising opportunities in the sector.
Government Initiatives: UAE’s economic Vision 2020 encompasses a comprehensive strategy of process streamlining, market liberalization, privatization, infrastructure enhancement, new free economic zones, governance and regulatory reforms, especially focussing on the logistics industry to maximize country’s strategic advantage to evolve into a global trans-shipment and logistics hub. By trade in the end user industry of the cold chain has been supported by the government permitting 100% Foreign Direct Investment and ownership in industries like food and agriculture, pharmaceuticals, logistics and others. The UAE is avidly investing in development projects like the China-led global roads ways project “Modern Silk Route”, Etihad Railways which would function as a viable alternative to road cold transport in the Gulf region.
Key Market Segments Covered
By Type of Market
Cold Storage
By Temperature
Frozen
Chilled
Ambient
By Major Areas
DAFZA
JAFZA
DIP
DIC
Others (Includes KIZAD and other Free-Zones and distribution markets)
By Ownership
Integrated
Contract
By End-User Application
Dairy Products
Meat and Seafood
Pharmaceuticals
Fruits and Vegetables
Others( includes flowers and ornamental plant, confectionary products)
Cold Transport
By Mode of Transport
Land
Sea
Air
By Type of Transport
Domestic
International
By Ownership
Integrated
Contract
By End-User Application
Dairy Products
Meat and Seafood
Pharmaceuticals
Fruits and Vegetables
Others ( includes flowers and ornamental plant, confectionary products)
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: 2014-2019P
Forecast Period: 2019P-2025E
Companies Covered
Gulf Agency Company
Al-Futtaim Logistics
Hellman Worldwide Logistics
Global Shipping Logistics (GSL)
RHS Logistics
CEVA Logistics
Mohebi Logistics
Agility
Panalpina-DSV
Kuehne- Nagel
RSA Cold Chain
DB Schenker
MHK
Port Khalid Cold Stores
Verks Logistics
Triburg
Sharjah Cold Stores
Key Topics Covered in the Report
UAE Cold Chain Market Overview
Infrastructure Analysis
Existing and Emerging Technologies
UAE Cold Chain Market Value Chain
UAE Cold Chain Market Size by Revenue, 2014-2019
UAE Cold Chain Market Segmentation and segment future, 2019-2025F
End user industry analysis and future growth potential
UAE Cold Chain Market Competitive Landscape
UAE Cold Chain Market Company Profiles of Major Players
Regulatory Environment
Industry Trends and Developments
Industry Issues and Challenges
Analyst Recommendation
UAE Cold Chain Market Future Outlook and Projections, 2019-2025F
UAE Cold Chain Market Analyst Recommendations
For More Information, refer to below link:-
UAE Cold Chain Market Research Report
Related Reports:-
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
