Market Research Reports - Ken Research Philippines Cold Chain Market Research Report | Page 2

global shipping networks. Backed by this, sea transportation has accounted for ~% of cold chain
transport revenues of Philippines in 2015. Out of this, ~% has been garnered by RO-RO i.e. ferry
service of Philippines.
Ecommerce in Philippines has been predicted to witness a rapid growth in Philippines over the
period 2016-2020. Thus the B2C sector has been anticipated to enhance at considerable pace
over the next five years. This will boost the revenues of the cold chain transport market of
Philippines over the period 2016-2020. Additionally, further development of transport
infrastructure, inclining food service establishments and expanding frozen food exports are
likely to augment the revenues of cold chain transport market from USD ~ million in 2015 to
USD ~ million in 2020.
The market for cold chain in Philippines has been dominated by Jentec cold Storage Inc which
has captured a share of ~% in the total cold storage warehousing capacity of Philippines in
2015. Jentec cold storage has the maximum number of cold storage facilities in the country.
With a cold storage warehousing capacity of ~ pallets, Jentec has also accounted for the largest
cold storage warehousing capacity in Philippines during 2015. Other major players in the
market have been Glacier, Polar Bear Freezing and Storage Corp, Royal Cargo, Vifel Ice plant
and Cold Storage, Igloo supply chain and Royale Cargo.
Philippines Cold Storage Market
Cold storage market of Philippines has witnessed a sudden surge especially over the period
2013 to 2015. Such positive growth has been perceived on the grounds of augmenting number
of cold storage warehouses, and enhancing warehousing capacity of existing players in the
market over the period 2010-2015. Additionally, government regulations and initiatives to
maintain quality of perishable food products have also supplemented the growth in the cold
storage market over the period 2010-2015.Average storage capacity of a cold storage facility in
Philippines has been noted at around ~ pallets in 2015. While the average revenue of a cold
storage warehouse in Philippines is USD ~ per pallet per day. Philippines cold storage market
has enhanced at a CAGR of ~% over the period 2010-2015. Cold Storage warehousing capacity
in Philippines has augmented from ~ Pallets in 2010 to ~ pallets in 2015.
It has been expected that several new cold chain warehousing facilities will be established in
Philippines over the period 2016- 2020. This is likely to provide significant boost to the cold
chain warehousing market of Philippines throughout the forecasted period 2016-2020.
Furthermore, growing consumer demand for frozen food rather than food from wet markets
has also been anticipated to provide ample support to the cold storage warehousing market of
Philippines over the period 2016-2020. Philippines cold storage warehousing market has been