Qatar Cold Chain Market -- Increase in Demand for Perishable Food Items, Development of Infrastructure, Government's Initiatives to Improve the Logistics Infrastructure in the Country as Part of the 'Qatar National Vision 2030': Ken Research
GURUGRAM, India, May 24, 2022 /PRNewswire/ --Key Findings
- The cold storage market contributed ~70% share to the revenue of the cold chain industry in 2021P, while the cold transport market had accounted the remaining share. However, in near future it is anticipated that the cold transportation market will grow owing to the rising demand for temperature-sensitive products in the country.
- High demand for perishable food products such meat and seafood and dairy is expected to drive the growth of the cold chain logistics market in the country. The pandemic has also led to positive growth in the pharmaceutical sector. The overall cold chain market is, hence, anticipating a positive growth rate in the coming years.
- Qatar is projected to become the world's second country to allow cell-based meat. The country intends to become a major exporter of plant-based and cell-based products in the region, increasing their dependence on cold chain facilities.
Qatar Freight Master Plan: The Ministry of Transport and Communications is building the Qatar Freight Master Plan, which is expected to be finalized by the end of 2022. The QFMP aims to establish modern infrastructure for freight industry across the country. The aim is to reduce freight traffic on road congestions. It is also preparing a freight route designing guidebook and setting systems and policies relating to freight, its modes and workhours on well-considered routes. The freight industry infrastructure development along with planned freight routes will boost the investments taking place in Qatar's cold chain industry, allowing the sector to grow and witness increased revenue.
Undertaking Long Distance Rail, Passenger and Freight Rail Projects: The Qatar Rail Development Program (QRDP) envisages development of a long distance passenger and freight rail network to connect major centres of population and industries in Qatar and to form part in planned Gulf Cooperation Council (GCC) railway network linking the six countries in GCC (namely, State of Qatar, Kingdom of Saudi Arabia, United Arab Emirates, Kuwait, Kingdom of Bahrain and Sultanate of Oman). Moreover, the project involves the construction of passenger and freight railway line linking the border with Saudi Arabia to Mesaieed and the New Doha Port project on the east coast of the peninsula as well as an inland station known as Doha West International, which will connect to Doha Metro. The establishment of these trade and passenger routes will facilitate the growth of the exports and imports of temperature sensitive products, thereby increasing the reliance on cold warehousing and transportation in the country.
Rising Prevalence of Short Contract Terms: 3PL partnerships and cold storage warehouses requiring clients are availing shorter contract terms. Shortening contract terms is leading to longer contract terms being incentivized. Post-Covid, companies have been hesitant to sign 3-5 years contract commitment. Standard warehouse space and 3PL partnership contract terms are being lowered to 1-2 years to increase the number of customers availing a company's cold storage warehouse facility. JSL is one such company offering short & long term cold warehouse contract facilities.
Analysts at Ken Research in their latest publication "Qatar Cold Chain Market Outlook To 2026 - Driven By FIFA World Cup 2022's Logistics Demand And Infrastructural Growth Along With A Tailwind Of Technological Development, Qatar Cold Chain Market Experiencing Growth" believe that the Cold Chain market in Qatar is expected to experience positive growth owing to the increase in demand for perishable food items, development of infrastructure and freight routes and government's initiatives to improve the logistics infrastructure in the country as part of the 'Qatar National Vision 2030'. The market is expected to register a positive CAGR of 6.6% in terms of revenue during the forecasted period 2021P-2026F.
Key Segments Covered:-
By Type of Market
- Overall Cold Chain Market
- By End-User Application
- Meat/seafood
- Dairy products
- Pharmaceuticals
- Vegetables/fruits
- Others
- Cold Storage
- By Temperature
- Ambient
- Chilled
- Frozen
- By Ownership
- Integrated
- Contract
Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTI0MDQ2
- Cold Transport
- By Mode of Freight
- Land
- Sea
- Air
- By Type of Freight
- Domestic
- International
- By Type of Air Freight
- Domestic
- International
- By Type of Land Freight
- Domestic
- International
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: 2016-2021P
- Forecast Period: 2021P-2026F
Companies Covered:-
- GWC Logistics
- Gulf United Cold Stores
- Qatar Logistics
- Qatar Logistical Services
- Tokyo Freight Services
- JSL Global
- Milaha Cold Storage
- Western Gulf Agency
- GAC
Key Topics Covered in the Report:-
- Qatar Cold Chain Market Overview
- Infrastructure Analysis
- Existing and Emerging Technologies
- Qatar Cold Chain Market Value Chain
- Qatar Cold Chain Market Size by Revenue, 2016-2021P
- Qatar Cold Chain Market Segmentation and Segment Future, 2021P-2026F
- End User Industry Analysis And Future Growth Potential
- Qatar Cold Chain Market Competitive Landscape
- Qatar Cold Chain Market Company Profiles of Major Players
- Regulatory Environment
- Industry Trends and Developments
- Industry Issues and Challenges
- Analyst Recommendation
- Qatar Cold Chain Market Future Outlook and Projections, 2021P-2026F
- Qatar Cold Chain Market Analyst Recommendations
- Qatar Cold Chain Market
- Qatar Cold Chain Market Sales
- Qatar Cold Chain Industry
- Qatar Cold Chain Industry Research Report
- Qatar Cold Chain Research Report
- Covid-19 Impact Qatar Cold Chain Market
- Cold Chain Market Qatar
- Number of Cold Chain Companies in Qatar
- Number of Online Cold Chain Companies in Qatar
- Cold Chain Manufacturing Companies Market
- Cold Chain Distributors Market
- Cold Chain Auction Houses Market
- Cold Chain Associations Market
- Cold Chain Research Report Qatar
- Number of Cold Chain Companies in Qatar
- Number of Online Cold Chain Companies in Qatar
- Cold Chain Domestic Players Qatar
- Cold Chain Foreign Players Qatar
- GWC Logistics Cold Chain Market
- Gulf United Cold Stores Cold Chain Market
- Qatar Logistics Cold Chain Market
- Qatar Logistical Services Cold Chain Market
- Tokyo Freight Services Cold Chain Market
- JSL Global Cold Chain Market
- Milaha Cold Storage Cold Chain Market
- Western Gulf Agency Cold Chain Market
- GAC Cold Chain Market
For More Information, refer to below links:-
Qatar Cold Chain Market
Related Reports:-
The cold chain market in Malaysia is at the growth stage. There are not many providers that offer cold chain service for the Malaysian market and it is considered a niche market. Malaysia has established itself as the halal industry hub, making it one of the major trading partners of halal meat and other products. In the review period 2016-2021P, the Malaysia cold chain market has increased at a positive CAGR of 6.9% primarily due to substantial government investments in the freight industry and increase in retail and consumer spending especially in meat and seafood, fruits/vegetables market, and the growing pharmaceuticals industry.
The cold chain market in UAE is at growth stage. It has consolidated its position as a global transhipment hub due to its central location in the GCC region. The high dependence of the country on imports to meet its food requirements has necessitated the development of cold chain facilities. In the review period 2015-2020, the UAE cold chain market has increased at a positive CAGR of 5.0% largely due to heavy government and direct foreign investments in transportation and storage infrastructure, increase in retail and consumer spending especially in groceries, dairy, meat, international food and EXPO 2020.
The Filipino E-commerce industry has witnessed a moderate rise over the past 5-6 years with an increase in internet penetration into the country. Escalation in the number of smartphones in the country, fast-growing middle-class population, high consumer confidence, changing consumer preferences, etc. has augmented the growth of e-commerce leading to surging demand for e-commerce logistics as well in the country. Manila and some other cities including Central Quezon City, Cebu, and Davao have emerged as the key hub for demand and supply of e-commerce logistics The COVID-19 pandemic has also pushed the demand in the market as the need for social distancing have forced people to rely on online shopping. The growth in E-commerce orders for logistics has been majorly driven by an increase in internet affinity and demand for value-added services.
The logistics sector in Indonesia is expected to grow in the future with a dip in 2020 due to a lockdown for few months that disrupted the Imports and Export Movements by all Modes which is expected to revive back in 2021. Tech startups are filling the gap and capturing new business opportunities. Several key technologies deployed by logistics startups include radio frequency identification (RFID), GPS, cloud computing, and data analytics. New concepts such as micro-warehousing as done by Credible and cross-border e-commerce fulfillment AllSome are gaining popularity in the Indonesian market. The pharma logistics segment and the e-commerce logistics segment are expected to drive growth in the future, given the expected increase in medical products requirements post COVID-19 and continuous funding in Express companies such as SiCepat Ekspres and Aggregator such as Kargo in Indonesia.
Follow Us:-
LinkedIn | Facebook | Twitter | YouTube
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
[email protected] +91-9015378249
SOURCE Ken Research
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article