Philippines Cold Chain Market Leading Players, Market Growth Rate, Market Size, Market Trends and Future Outlook to 2029

Philippines Cold Chain Market to Expand With 40% In Pharma Drug Storage
The Philippines cold chain market is undergoing a major transformation, driven by increasing demand for perishable goods, growing population, and rising consumer preference for fresh and frozen products. In 2024, cold chain facilities in Philippines expanded to nearly 600,000 metric tons. The export of seafood is increasing by 15% year-over-year as of 2024, creating need for temperature-sensitive cold chain facilities. The country is also experiencing increasing online grocery and food delivery services, which further drives the market. Furthermore, government's Cold Chain Industry Roadmap that targets 10-15% annual capacity growth has adding nearly 50,000 pallet spaces per year as of 2024. The market is no longer just storage facilities but real-time tracking, automation, and energy-efficient refrigeration systems are transforming the cold chain facilities.

Philippines Cold Chain Market Analysis
• Pharmaceutical sectors require cold chain facilities for transportation of vaccines and other temperature-sensitive medications, pharmaceutical cold chain market grew by 35% in 2024. The COVID-19 further accelerated the demand, leading to cold chain facilities expending their capacity to store insulin, vaccines, and biotech drugs.

• The integration of technologies in cold chain management is providing operators more accurate and real time information. These technologies also help in reducing energy consumption by more than 16% as of 2024. E-commerce platforms are seeing growth with e-grocery sales increased by 35% in 2024. This enables cold chain facilities providers to expand their operations and provide last-mile delivery solutions by adopting real-time temperature monitors.

• The rising trend of ensuring food safety and quality among cold storage are forcing providers to adopt temperature monitoring systems. The number of cold storage facilities adhering to these trends increased by 32% as of 2024.

• Over 1.3 million metric tons of meat is imported annually in Philippines, requiring cold chain storage and transportation. Also, consumer preferences are changing and they are shifting towards convenience foods. In 2024, frozen food consumption saw a rise of 15% and most of the food was ordered through online platforms. This creates increasing demand for cold storage and last-mile temperature-controlled logistics.

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Philippines Cold Chain Market Positioning
The Philippines cold chain market is highly fragmented and have many local and international players fighting to capture the market. The key players of the market include Jentec Storage, Royal Cargo, and Glacier Megafridge. Jentec Storage is the oldest cold storage facility provider and had witness more than 10% increase in its capacity as of 2024. The company is expanding its services by providing value added services like labelling and packaging. Royal Cargo has recently added new refrigerated trucks, leading to 20% increase in transportation capacity in 2024. Glacier Megafridge focuses on providing customized storage solutions to its customers, making more than 15% increase in facility utilisation as of 2024.

Recent news
January 2025: Department of Agriculture (DA) announced a ₱3 billion investment for construct of over 99 cold storage facilities nationwide. The project will include large-scale facilities and modular units and will be powered by renewable energy sources like solar and wind. The aim is to increase the shelf life of fruits, vegetables, and high-value crops.
December 2024: Growtheum Capital Partners invested over ₱7 billion in Mets Logistics Inc. This investment aims to expand Mets Logistics' network of cold chain facilities to enhance the country's capacity for temperature-controlled storage and distribution.

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Philippines Cold Chain Market Future outlook
The Philippines cold chain market is expected to steadily grow through 2029. The cold chain capacity is expected to grow by 15%, adding at least 50,000 new pallet spaces each year by 2029. The adoption of smart logistics like IoT-based temperature tracking and AI-powered route optimization will shape the market. By 2029, nearly 50% of the refrigerated trucks will include such technologies to streamline the storage process and making it more user-friendly. Food safety trend will also grow with initiatives like stricter hygiene practices, using advanced temperature monitoring systems, and providing training programs for staff. Sustainability will be a major driver, with 70% of cold chain facilities shifting towards solar-powered and hybrid-electric cold storage facilities by 2029. The market will witness increasing public-private partnership, mainly for improving infrastructure and catering to local communities. By 2029, the cold chain market in Philippines will be technologically advanced and regionally distributed.

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Consultant at TraceData Research In their latest publication "Philippines 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 by focusing of regional infrastructure expansion and tech-driven advanced cold chain facilities, businesses can position themselves in the Philippines cold chain market.

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

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

UAE Cold Chain Market- https://www.tracedataresearch.com/industry-report/uae-cold-chain-market

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