Saudi Arabia Cold Chain Market Revenue is expected to cross USD 2.0 Billion by 2023: Ken Research

• The cold storage market was observed to dominate the cold chain market due to the high demand for refrigerated storage in the country.

• Increase in demand for temperature sensitive and perishable goods such as dairy products, meat and seafood, fruits and vegetables and pharmaceuticals has led to rising imports and have propelled the development of cold chain facilities in the Kingdom.

• KSA is undergoing a transformation from an oil economy to a non-oil economy and it is anticipated that the country will become a logistics hub by 2030 owing to its strategic advantage basis its geographical location in the GCC region and increasing government investment in infrastructure development.

Government Initiatives: The country is moving away from oil dependency with the help of its Vision 2030 plan, which is expected to bring about 4th Industrial Revolution in the nation. This is also in line with the country’s National Industrial Development and Logistics Program also aimed at improving the infrastructure and the logistics sector in the nation. The establishment of an Integrated Logistics Bonded Zone (ILBZ) in Riyadh to encourage the entry of international logistics companies into the country, in addition to providing them concessions and tax rebates is also projected to drive the growth of the cold chain facilities in the country.

High Dependence on Food Imports: Saudi Arabia is largely dependent on food imports that require improvement in cold chain transportation and storage facilities in the country. Currently, Saudi Arabia accounts for approximately 35% of the cold chain logistics business in the GCC region. Moreover, agriculture production due to lack of land and water is limited so much so that by the year 2050, the country is projected to import all of its domestic needs.

Technological Improvement and Automation: Cold chain operators in the country are expected to implement modern technologies such as radio frequency identification, electronic data exchange and others to improve their operational efficiency. There is also scope for adopting automation in the facilities using automated storage and retrieval systems, cloud computing, drones and others in the industry in the years to come.

Analysts at Ken Research in their latest publication “ https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/saudi-arabia-cold-chain-market/258782-100.html ” believe that the cold chain market in Saudi Arabia will increase owing to the growth in the demand for food items, increase in manufacturing activity in the pharmaceutical industry and government initiatives to improve the logistics infrastructure 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.

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
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 Storage 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:
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/saudi-arabia-cold-chain-market/258782-100.html

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https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/saudi-arabia-logistics-and-warehousing-market-outlook/230774-100.html

Contate-Nos:-
Ken Research
Ankur Gupta, Diretor de Marketing e Comunicações
Ankur@kenresearch.com
+ 91-9015378249

Ken Research is a Global aggregator and publisher of Market intelligence, equity and economy reports. We provides business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies.

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