Cold Chain Logistics Market 2022 : GCC Industry Growth, Opportunities, Industry Analysis and Forecasts 2028

 Infinium Global Research recent report on the GCC Cold Chain Logistics Market (By Products - Mechanical & Cryogenic Refrigeration Systems, Reefers, Cold Chain Transport Monitoring Equipment, and Packaging Materials; By Application - Food & Beverages, Medical Goods, Temperature-sensitive Chemicals and Others): Industry Analysis, Trends, Size, Share and Forecasts up to 2028 provides a comprehensive outline of the features responsible for the growth of the market. The GCC Cold Chain Logistics Market was valued at over USD 5 Billion in 2022 and is expected to reach nearly USD 12 Billion in 2028, with a CAGR of over 14% during the forecast period.

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The changing GCC economy and huge increasing demand for the products of temperature-controlled industries, especially fresh agricultural products, manufactured food, and medical vaccines has made the cold chain more important in supply chain solutions. It helps in transporting perishable products and food items with assured freshness and palatability. Cold chain logistics include components such as temperature-controlled warehouses for storage and cold-insulated transport vehicles for product distribution.  Cold chain logistics cause a valuable extension to product shelf life that gives the suppliers the facility to contact overseas markets and to meet the massive local demand.

The Food & Beverages Segment Holds the Highest Market Share in the Cold Chain Logistics Market

Based on Application, the Cold chain logistics market is segmented into Food & Beverages, Medical Goods, Temperature-sensitive Chemicals, and Others. Among these, the Food & Beverages Segment holds the highest market share in the Cold chain logistics market. The common food products that require cold storage are High-end foodstuffs, Fruits & vegetables, Meat & Seafood, Poultry & dairy, and processed & ready-to-eat food. The cold chain is a mixture of temperature-controlled surface transport and supply chain that is applied to the food & beverages industry.

As food consumption is growing rapidly, the demand for perishable food which includes dairy products, fruits and vegetables, and high-protein animal-based products (such as meat, eggs, fish, and seafood) is also increasing. On the other hand, as customer tastes have changed, there is a greater demand for products that need strict temperature control, such as products that are made of frozen foods like ice cream, meat, and seafood. Due to these factors cold chain logistics is widely used in the food and beverage industry.

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Saudi Arabia to Be the Largest and Fastest Region in the Cold Chain Logistics Market

In Saudi Arabia cold chain market, the dairy industry is analyzed to account for the popular share. The vigorous output of the dairy industry in recent years has completely impacted the cold chain industry in Saudi Arabia. Meat and Seafood contributed the second highest revenue share which is followed by other categories such as Pharmaceuticals, Fruits and Vegetables, and other products. It is witnessed that there is a high degree of seasonality in the demand for cold chain facilities during the Ramadan and Hajj seasons. The city of Riyadh is determined to represent the largest portion of the cold storage market's earnings since it serves as a hub from which products are shipped to other regions of the country due to its geographic center.

Companies Operating in the Cold Chain Logistics Market are Focusing on Expansion Strategies

The Cold chain logistics market is partially consolidated due to the presence of a few key players like Agility, Wared Logistics, LINEAGE LOGISTICS HOLDING, LLC, Americold Logistics, AL Jelaidan, DHL, fourwinds, EPICOS, Hala Logistics, Mosanada Logistics Services. These market players are focusing on Focusing on Expansion Strategies. For instance, in November 2021, to build an Integrated Logistics Park at the Jeddah Islamic Port in Saudi Arabia, Maersk and Saudi Ports Authority (Mawani) entered into an agreement under which Maersk would invest USD 136 million over 25 years. The Integrated Logistics Park is expected to serve as a hub for petrochemical consolidation and transhipments as well as offer customers cold storage, warehousing and distribution (W&D), and other services.

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Reasons to Buy this Report:

=> Comprehensive analysis of regional markets of the GCC online food delivery.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and market size forecast up to 2028.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company. 

 => Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.