Nigeria Cold Chain Market Analysis, Market Size, Market Growth Rate, Market Trends and Future Outlook to 2029

Ai-Powered Cold Chain Monitoring Reducing Transportation Delays in Nigeria by 30%

Nigerian cold supply chain industry is a transformative market that supports the pharmaceutical, agriculture, and the food sectors across the country. More than 15% of the perishable goods in Nigeria was transported through cold chain facilities as of 2024, generating the demand for more cold chain facilities. Adoption of AI-powered technologies are also supporting the market, solar-powered cold storage facilities have prevented the spoilage of over 42,000 tonnes of food in the market. Pharmaceutical sector also witnessed growing need for cold chain facilities for medical imports. In 2024, nearly 70% of vaccines were moved in temperature-controlled cold chain facilities. Also, the country had less than 200,000 cubic meters of cold storage capacity in 2024 that were functional and the loss of post-harvest perishable food items due to inefficient cold storage facilities was over 40-50%. This creates a major challenge in the cold chain market.

Nigeria Cold Chain Market Emerging Trends
• Technological Integration: Cold chain facilities are integrating technologies like IoT monitoring systems to track temperature-sensitive products specially for pharmaceutical shipments which has reduced vaccine spoilage rates to 15% as of 2024. Also, Geospatial technology are optimizing logistics by reducing delays.

• Rising Demand for Agriculture Products: Over 40% of the agricultural products are spoiled due to inadequate cold storage facilities. This has increased the adoption of solar powered cold storage facilities that preserves the goods for longer periods, increasing income of rural farmers by 50% as of 2024.

• Growing Demand for Frozen Food: Nigeria is witnessing growing demand for frozen and packed food items due to evolving consumer preferences and rising urbanisation. In 2024, imported frozen foods including dairy products, seafoods, and vegetables accounted nearly 60% of the cold storage facilities.

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Inadequate Infrastructure Facilities
One of the major challenges for Nigeria cold chain market is inadequate infrastructure facilities. Cold chain facilities require 24/7 power supply but Nigeria experiences almost 32 power outages per month which last to approximately 6-10 hours. In 2024, more than 60% of the cold storage facilities faced frequent power shortage which led to spoiling of temperature sensitive products and causing operational inefficiencies. Additionally, solar-powered cold storage facilities are experiencing low investments and high initial cost.

Nigeria Cold Chain Market Major Players

The Nigeria cold chain market is highly fragmented and is dominated by various domestic and international service providers. The key players of the market include ColdHubs, Koolboks, and Ifrige Logistics. ColdHubs focuses on providing solar powered cold storage facilities and saw more than 20% rise in demand. The company has reduced food wastage through its off-grid cold storage facilities. Koolboks is expanding into new markets by offering eco-friendly cold storage facilities and have recorded nearly 30% increase in sales as of 2024. Ifrige Logistics has positioned itself as major service provider for pharmaceutical companies. The company has invested in advanced cold storage facilities for temperature-sensitive products and saw more than 25% growth in sales.

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Nigeria Cold Chain Market Future Outlook
The Nigeria cold chain market will experience significant growth through 2029, driven by technological integration, growing industrial demands, and changing consumer preferences. The increasing adoption of sustainable technologies like solar-powered refrigerators are fuelling the market. By 2029, approximately 50% of rural cold storage facilities will shift to solar-powered solutions.
The increasing focus on pharmaceutical sector with distribution of temperature-sensitive drugs will further increase the demand for advanced cold chain facilities, nearly 5,000 new refrigerated trucks are expected to enter the market by 2027. Technological integration such as IoT and AI-powered monitoring systems is expected to increase operational efficiency of cold chain facilities, over 90% of cold storage facilities are expected to adopt real-time tracking by 2025. Furthermore, government led initiatives, increased foreign direct investments, and public-private partnerships will also support the Nigeria cold chain market.

Consultant at TraceData Research In their latest publication "Nigeria Cold Chain Market Outlook to 2029: By Type of Cold Chain Services (Cold Storage, Cold Transportation, Cold Packaging, Temperature Monitoring Systems), By Temperature Range (Chilled (2°C to 8°C), Frozen (-18°C and below), Ambient), and By End Users (Food and Beverages, Pharmaceuticals, Chemicals, Others)" believe that businesses should expand in regional cold storage facilities and adopt IoT-enabled temperature monitoring for capturing the cold storage facilities in Nigeria.

Explore Our Other Cold Chain Related Report by Trace Data: -

Cold Chain market in Malaysia- https://www.tracedataresearch.com/industry-report/malaysia-cold-chain-market

South Africa Cold Chain Market- https://www.tracedataresearch.com/industry-report/south-africa-cold-chain-market

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This release was published on openPR.