Malaysia Cold Chain Market Research Report Size, Share, Demand, Growth, Segmentation, Trends, Covid-19 Impact, Future Outlook, and Major Players: Ken Research

Overview: 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 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 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. Meat and seafood are the largest end user industry in Malaysia. The demand for frozen meat has declined in Malaysia as people preferred fruits and vegetables as the healthier alternative after Covid - 19.

Market: The cold chain industry amounted to USD ~ Mn revenue in 2021P, grew at a CAGR of ~% during the period 2016-2021P. Meat & Sea Food, Dairy and Fruits/ Vegetables are important end users for cold chain market in Malaysia. The pharmaceutical sector has witnessed a higher growth rate especially after the pandemic and the Malaysia government has taken several initiatives to enhance the infrastructure for the same.

The Malaysia cold chain market was slightly disrupted due to Covid-19. However, the industry did not decline much owing to the nature of the industry. The perishable products and cold storage warehousing market has gained higher traction in comparison to other logistics market.

The market operations are concentrated in free zones, where majority of cold warehouses are located. Most of the cold storage warehouses are located in free-zones. Malaysian Free Trade Zones are equipped with different incentives and focuses.

By Cold Warehousing & Cold Transportation

The cold storage market is dominating the market and contributed majority revenue share to the cold chain industry. The relatively higher growth in cold warehousing as compared to cold transportation can be attributed to setting up of new facilities in Free Zone Areas by the companies in the industry. Seasonal surge in demand is seen especially during the Ramadan festival.

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By End-User Application (Meat and Seafood, Dairy Products, Pharmaceuticals, Fruits and Vegetables and Others): Meat and Seafood contributed the highest revenue share in 2021P. The pharmaceutical industry saw a boost post the onset of the pandemic and the consumption of fruits and vegetables increased due to growing health concerns in the country.

By Temperature Range (Ambient, Chilled and Frozen): Chillers and freezers were high in demand in the year 2021P given the increase in the consumption of frozen and fresh food items. There is highest demand for freezers in Malaysia. Various food items are stored in frozen condition before being consumed in Malaysia, including meat and seafood.

By Ownership (Integrated and Contract Warehouses): Integrated logistic facilities generated larger revenue share in 2021P. This is majorly as most of the warehouses (especially the big players) are able to store/ accommodate their clientele's products within their owned warehouses.

Malaysia Cold Transportation Market Segmentation

By Mode of Transport (Land, Sea and Air): Cold transport through land contributed the highest revenue to the cold transport industry as land transportation is used not only for domestically transporting goods internally within the country but also used for transporting goods to the neighbouring countries.

By Type of Freight (Domestic and International): Cold transportation to international markets accounted for majority of the revenue of the Malaysia cold transport industry. Since, Malaysia is actively involved in exports of certain F&B products, the international freight revenue generation is higher than domestic freight.

Competition Scenario in Malaysia Cold Chain Market

Competition in Malaysia Cold Storage Market is moderately consolidated with ~4 large companies acquiring chunks of market share.

The market is highly concentrated in the free zones. The developed transport infrastructure in these regions along with the proximity to the sea and air ports has been the key factors leading to the growth of the cold chain businesses in these areas.

The cold chain companies in the country compete on a host of parameters such as price, quality of service, technological advancement, key clientele, location, industry expertise, etc.

Major players in the cold chain market include TASCO Cold Chain, Integrated Cold Chain Logistics, Frio Logistics, NL Cold Chain and others.

Malaysia Cold Chain Market Future Outlook and Projections

The Cold Chain market in Malaysia is expected to experience moderate level of growth at a single digit CAGR in terms of revenue during the period 2021P-2026F. The Cold Chain market in Malaysia is expected to experience positive growth owing to the increase in demand for perishable food items, increase in e-commerce and government's initiatives to improve the logistics infrastructure in the country as part of Malaysia's 'National Transport Policy'. Moreover, the operational efficiency in Malaysia cold chain market over the forecast period 2021P-2026F is to improve with the increasing adoption of warehouse automation technologies such as RFID, AS/AR, WMS, AMR and others.

COMPANY PROFILES OF MAJOR PLAYERS OPERATING IN THE MALAYSIA COLD CHAIN MARKET

Key Factors Considered in The Report

Malaysia Cold Chain Market Overview
Infrastructure Analysis
Existing and Emerging Technologies
Malaysia Cold Chain Market Value Chain
Malaysia Cold Chain Market Size by Revenue, 2016-2021P
Malaysia Cold Chain Market Segmentation and Segment Future, 2021P-2026F
End User Industry Analysis And Future Growth Potential
Malaysia Cold Chain Market Competitive Landscape
Malaysia Cold Chain Market Company Profiles of Major Players
Regulatory Environment
Industry Trends and Developments
Industry Issues and Challenges
Covid-19 Impact
Malaysia Cold Chain Market Future Outlook and Projections, 2021P-2026F
Malaysia Cold Chain Market Analyst Recommendations

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