Saudi Arabia Cold Chain Market is Driven by the Rising Demand for Dairy, Meat and Pharmaceuticals and is Fuelled by the Increasing Number of Modern Grocery Retail Stores in the Country: Ken Research

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New Delhi, October 05, 2019: Analysts at Ken Research in their latest publication Saudi Arabia Cold Chain Market Outlook to 2023 – By Cold Storage (Ambient, Chilled and Frozen Warehousing) and Cold Transport (Land, Sea and Air), By Application (Dairy Products, Meat and Seafood, Pharmaceuticals, Fruits and Vegetables and Others) and By Ownership (Integrated and Third Party Logistics)believe that the cold chain market in Saudi Arabia has been increasing largely due to growth in modern retail stores, increase in demand and consumption of perishable products and increasing pharmaceutical imports in the country. The market is expected to register a positive CAGR of 11.2 % in terms of revenue during the forecasted period 2018-2023E.

“Increasing imports of meat and seafood and pharmaceuticals and rising consumer retail spending has driven the cold chain market in Saudi Arabia”

Rising Imports of Food Products and Pharmaceuticals: Due to country’s arid climatic conditions, around 75.0% of the food requirements of country are met through imports from countries such as Brazil, India, Australia, New Zealand, USA, France and others. The country also imports a large quantity of pharmaceuticals as it lacks domestic production of pharmaceutical supplies. In the last few years, the market also witnessed an impressive incline in the consumer retail spending in the country. According to the Global Storage Capacity Report, 2018 by GCCA, 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 cities such as Riyadh, Jeddah and Dammam, 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 KSA logistics sector.

Increasing Investments in Infrastructure: The growing cold chain market of Saudi Arabia is simultaneously witnessing increasing number of new players and existing players expanding their current level of operations, and with the gates opening for the private sector including major players such as Al-Faisaliah, Abu Dawood, Tamer, Sunbulah, Al-Baik, Flow Progressive, among others, it is expected that these companies will upgrade and enhance the country’s logistical infrastructure to capitalize on the new opportunities. On the other hand, government initiatives such as Saudi Vision 2030 which encompasses a nine-point strategy of process streamlining, market liberalization, privatization, infrastructure enhancement, new free economic zones, governance and regulatory reforms has also maximized country’s strategic advantage to evolve into a “go-to logistics hub” for the Middle East region.

Keywords

Saudi Arabia Cold Chain Market

Saudi Arabia Cold Chain Industry

Saudi Arabia Cold Storage Market

Saudi Arabia Cold Transport Market

Cold Storage Warehouses KSA

Cold Transport KSA

Frozen Warehousing KSA

Number of Cold Storage Facilities KSA

Cold Transport Fleet Size Saudi Arabia

Cold Storage Space in KSA

Refrigerated Warehouses KSA

KSA Cold Chain Logistics

Cold Chain Businesses Saudi Arabia

Cold Rooms Market Saudi Arabia

Chiller Rooms in KSA

Temperature Controlled Logistics Saudi Arabia

Ambient Warehousing Market KSA

Third Party Cold Warehousing KSA

Cold Storage Market Jeddah

Cold Storage Market Riyadh

Cold Storage Market Dammam

Cold Transport Industry Saudi Arabia

Refrigerated Transport Saudi Arabia

Saudi Arabia Cold Chain Market Revenue

Cold Chain Companies KSA

Saudi Arabia Cold Storage

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Saudi Arabia Refrigerated Warehouses

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Saudi Arabia Cold Chain Users

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Saudi Arabia Cold Storage Pallet Space

Saudi Arabia Cold Transport Freight

Owned Cold Warehouses Saudi Arabia

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Saudi Arabia Cold Chain Regulations

3PL Cold Storages Saudi Arabia

Saudi Arabia Agility Logistics

Saudi Arabia Mosanada Logistics

Saudi Arabia Takhzeen Logistics

Saudi Arabia Cold Chain Industry Trends

Saudi Arabia Cold Chain Future

Saudi Arabia Cold Chain Challenges

Key Segments Covered

By Type of Market

Cold Storage

By Temperature

Frozen

Chilled

Ambient

By Major Cities

Riyadh

Jeddah

Dammam

Others

Cold Transport

By Mode of Transport

Land

Sea

Air

By Location

Domestic

International

By End-User Application

Dairy Products

Meat and Seafood

Pharmaceuticals

Fruits and Vegetables

Others

By Ownership

Owned

Third Party Logistics (3PL)

Key Target Audience

Cold Chain Companies

Logistics Companies

Private Equity Investors

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: 2013-2018

Forecast Period: 2018-2023E

Companies Covered

Agility Logistics

Mosanada Logistics

Tamer Logistics

United Warehouse Company Limited

Wared Logistics

Takhzeen Logistics

Etmam Logistics (Shahini  Group)

Himmah Logistics

Globus Logistics

Flow Progressive

Four Winds

Storkom

Sasat Logistics

Key Topics Covered in the Report

Saudi Arabia Cold Chain Market Value Chain

Saudi Arabia Cold Chain Market Size by Revenue, 2013-2018

Saudi Arabia Cold Chain Market Segmentation, 2018

Saudi Arabia Cold Chain Market Competitive Landscape

Saudi Arabia Cold Chain Market Operating and Profitability Model

Saudi Arabia Cold Chain Market End-User Potential

Saudi Arabia Cold Chain Market Company Profiles of Major Players

Saudi Arabia Cold Chain Market Future Outlook and Projections, 2018-2023E

Saudi Arabia Cold Chain Market Future Segmentation, 2018 – 2023E

Saudi Arabia Cold Chain Market Analyst Recommendations

For more information, refer to below link:

Saudi Arabia Cold Chain Market

Corporate Comm India (CCI Newswire)