The cold storage warehouse market finds applications across various sectors, including food and beverages, pharmaceuticals, and chemicals, due to the need to store temperature-sensitive products. The dominating segment is the food and beverage industry, driven by the demand for preserving perishable goods. These warehouses play a crucial role in maintaining the quality and safety of food products throughout the supply chain. With the growing global food trade and the increasing importance of food safety, the food and beverage sector leads in the utilization of cold storage warehouse services.
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Data Bridge Market Research analyses that the Philippines Cold-Storage Warehouse Market will grow at a CAGR of 9.4% during the forecast period of 2022 to 2029. Stringent regulations mandate temperature-controlled storage for food safety and pharmaceuticals. Compliance increases the demand for cold storage facilities, ensuring products maintain optimal conditions to meet quality and safety standards.
Key Findings of the Study
Climate change concerns is expected to drive the market's growth rate
The rising unpredictability of weather patterns, attributed to climate change, poses significant challenges to agriculture and food supply chains. Extreme temperature fluctuations and unexpected weather events can jeopardize crop yields and food production. To safeguard against these risks, reliable cold storage facilities become essential. They provide a buffer against weather-related disruptions, enabling the preservation of perishable goods, ensuring a stable food supply, and reducing the vulnerability of the agricultural sector to climate-related uncertainties.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Segments Covered
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Warehouses Type (Private, Semi-private and Public), Construction Type (Bulk Storage, Production Sites, Port-centric and Others), Temperature Type (Chilled and Frozen), End-users (Producers, Retailers and Food Service Providers) Application (Food Products, Beverages, Dietary Supplements, Personal Care Products, Pharmaceuticals & Biological Products and Others)
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Countries Covered
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Philippines
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Market Players Covered
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VVS Cold Storage (U.S.), Crystal Cold Storage (U.S.), METS logistics Incorporated (U.S.), Royale Cold Storage, Inc. (U.S.), Benson Developments (Canada), Glacier Megafridge, Incorporated (Canada), Antarctica Cold Storage (Australia), Cold Storage ROL Fabrications (U.K.), ORCA Cold Chain Solutions (Canada)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Philippines cold-storage warehouses market is segmented into five segments based on warehouse type, construction type, temperature type, end-users, and application.
- On the basis of warehouse type, the Philippines cold-storage warehouses market is segmented into private, semi-private, and public.
- On the basis of temperature type, the Philippines cold-storage warehouses market is segmented into chilled and frozen.
- On the basis of end-users, the Philippines cold-storage warehouses market is segmented into producers, retailers, and food service providers.
- On the basis of application, the Philippines cold-storage warehouses market is segmented into food products, beverages, dietary supplements, personal care products, pharmaceuticals and biological products, and others.
Major Players
Data Bridge Market Research recognizes the following companies as the major Philippines cold-storage warehouse market players in Philippines cold-storage warehouse market are VVS Cold Storage (U.S.), Crystal Cold Storage (U.S.), METS logistics Incorporated (U.S.), Royale Cold Storage, Inc. (U.S.), Benson Developments (Canada), Glacier Megafridge, Incorporated (Canada), Antarctica Cold Storage (Australia).
Market Developments
- In June 2021, Royale Cold Storage Inc. expanded its site network and implemented AEB's WMS, a cloud-based software specializing in global trade and logistics. This move aimed to enhance their operations and accelerate the digitalization of their processes. AEB’s WMS facilitates the systematic optimization of scheduled goods pick-ups and deliveries, leading to improved operational efficiency for the company. The adoption of AEB's WMS proved to be instrumental in enhancing Royale Cold Storage's operations.
- In March 2023, Americold unveiled a strategic investment in RSA Cold Chain, a Dubai-based cold storage operator that commenced operations in 2017. Americold's minority stake in the company aligns with its objectives to facilitate local expansion, explore strategic growth opportunities in the Middle East and nearby markets, and integrate RSA Cold Chain into its extensive global network.
- In April 2022, United States Cold Storage (USCS) disclosed the transfer of ownership for three public refrigerated warehouses located in Medley, Florida; Marshville, North Carolina; and La Vista, Nebraska, to Vertical Cold Storage, a company headquartered in South Dakota. This sale provided USCS with the means to reinvest the proceeds, concentrating on the growth of its Tulare, California facility and the acquisition of an additional 39 acres in Turlock for future expansion initiatives.
- In July 2022, RSA Global made the announcement that Seafood Souq (SFS) had chosen it as the exclusive worldwide partner for digital freight and supply chain services. SFS has created a digital platform to facilitate the sourcing of traceable seafood products directly from their origin, aligning with the United Nations' Sustainable Development Goals. RSA Global will take charge of managing local storage needs, B2B distribution, and overseeing SFS's global sea and air freight operations.
- In November 2022, Lineage Logistics revealed the formal inauguration of its state-of-the-art Cool Port II cold storage facility at the Port of Rotterdam, Netherlands. This highly automated deep-freeze high bay warehouse boasts 60,000 pallet positions and is equipped with three automated truck unloading systems. It offers a comprehensive suite of services for the secure storage and distribution of food products. This facility marks a significant addition of a major European port location to Lineage's extensive global network of advanced cold storage facilities.
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