The Portugal cold chain market is currently growing owing to rising domestic consumption of Processed Foods, Frozen Foods, Seafood, and Meat: Ken Research

"Driven by Rising Packaged Foods Consumption and Owing to the Growing Millennial Population, Portugal's cold chain market thereby has ample growth opportunities with its increase in revenue."

Growth of Cold Chain industries: Portugal's 67% Urban Population defines the level of development that is there in the nation. The situation of the pandemic has helped the market of cold chains to grow. Due to the increase in demand for pharmaceutical products, as well as the rise in e-commerce resulting from the pandemic the cold chain market in Portugal has significantly grown in recent years. The market for fish and other seafood, meat, and frozen foods have the highest revenue share from frozen temperature. It is followed by the chilled temperature market, which features fruits, vegetables, and dairy mostly.

E-Commerce companies and Organized Retail in the country: The supply chain and logistics industry has seen exponential growth in e-commerce. Due to the rise in DTC (Direct to Consumer), there has been exponential growth in cold storage on a micro-level. Also, organized retail and food service industries have emerged as new cold chain growth drivers, majorly due to changing consumption and lifestyle patterns. Increasingly, consumers demand a large variety of temperature-sensitive commodities which has led to rising cold chain infrastructure.

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Custom Duties and Value-Added Tax in goods: The duty rates applied in Portugal vary according to the origin of the goods. There are several origin agreements that exempt from duties, the importation of goods from certain countries or that determine reduced rates. The reduced rate is applicable to the supply of some food products, food and beverage services, musical instruments, agricultural tools, or ornamental flowers.

Fuel Prices and Energy Situation in Portugal: Cold transport prices are calculated based on fuel prices and the distance covered. A sharp and constant rise in prices of fuel causes the prices charged by cold transport to rise continuously. The rising prices of electricity due to the Russia-Ukraine war and the looming energy crises in Europe might impact the Cold Chain industry through an increase in power costs or due to power shortage.

Analysts at Ken Research in their latest publication "Portugal Cold Chain Market Outlook to 2026F: Driven by Rising Packaged Foods Consumption Owing to Growing Millennial Population" observed that the Cold Chain market is an emerging market in Portugal at a rebounding stage from the economic crisis after the pandemic. The rising government policies and demand for Cold Chain, rising domestic consumption of fish and other seafood, meat, and frozen foods along with government initiatives are expected to contribute to the market growth over the forecast period. The Portugal Cold Chain market is expected to grow at a 5.6% CAGR during 2021-2026F owing to the change in lifestyle and urbanization which led to rising domestic consumption of processed food.

Key Segments Covered:-

Portugal Cold Chain Market

By Type

Cold Transport

Cold Warehousing

By End User

Meat and Seafood

Fruits and Vegetables

Pharmaceuticals

Dairy Products

Portugal Cold Transport Market

By Type of Freight

Domestic Freight

International Freight

Mode of Freight

Land

Sea

Air

By Size of Truck

Small (6 pallets capacity)

Medium (20 pallets capacity)

Large (33 pallets capacity)

By End User

Meat and Seafood

Fruits & Vegetables

Pharmaceuticals

Dairy Products

Portugal Cold Warehouses Market

By Type of Cold Warehouses

Frozen

Chilled

Ambient

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By End User

Meat and Seafood

Fruits & Vegetables

Pharmaceuticals

Dairy Products

Processed foods

Frozen Foods

Key Target Audience:-

Cold Storage Companies

Cold Chain Companies

Cold Transport Companies

Captive Cold Storage Companies

Captive Cold Chain Companies

Logistics Companies

Non-captive Companies

Cold Chain Associations

Logistics Associations

Private Equity Firms

Venture Capitalists

Time Period Captured in the Report:-

Historical Period: 2016-2021

Base Year: 2021

Forecasted Period: 2021-2026F

Companies Covered:-

Americold Logistics

STEF Portugal

NC Logistica

Frigoservice

Paulo Duarte

Primafrio

Luis Simoes

Olano Logistics

Rangel

Soapa Europa

TPCF

TJA

UPS

Logifrio

TIBA Group

HAVI Logistics

Antonio Frade

Transfrio

Key Topics Covered in the Report:-

Portugal Cold Chain Market Overview

Portugal Cold Chain Industry Supply Ecosystem

Portugal Cold Chain Market Size, 2016-2021

Portugal Cold Chain Market Segmentation (By Cold Storage and Cold Transport, By End Users), 2021

Portugal Cold Storage Market Ecosystem

Portugal Cold Storage Market Size, 2016-2021

Portugal Cold Storage Market Segmentation (by Temperature Range, by End Users), 2021

Portugal Cold Transport Market Overview

Value Chain Analysis of Portugal

Portugal Cold Transport Market Revenue, 2016-2021

Portugal Cold Transport Market Segmentation (by Type of Reefer Truck, by Mode of Transportation, by End Users), 2021

Portugal Cold Chain Market Competition Landscape

SWOT Analysis of Portugal Cold Chain Market

Regulatory Landscape of Portugal Cold Chain Market

Growth drivers of Portugal Cold Chain Market

Issues and Challenges in Portugal Cold Chain Market

Recent Trends in the Portugal Cold Chain Market

End User Analysis of Portugal Cold Chain Market

Future Outlook of Portugal Cold Chain Industry, Cold Storage Market, cold Transport Market, 2021-2026F

Market Opportunities and Analyst Recommendation

For more information on the research report, refer to below links:-
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/portugal-cold-chain-market-outlook-to-2026/596143-100.html

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