MENA Cold Chain Logistics Market (Products - Mechanical & Cryogenic Refrigeration Systems, Reefers, Cold Chain Transport Monitoring Equipment, and Packaging Materials; Application - Food & Beverages, Medical Goods, Temperature-sensitive Chemicals, and Others): Industry Analysis, Trends, Size, Share and Forecasts to 2028

A recent report ongoing study by Infinium Global Research on the cold chain logistics market provides an in-depth analysis of segments and sub-segments in the MENA as well as regional cold chain logistics market. The study also highlights the impact of drivers, restraints, and macro indicators on the MENA and regional cold chain logistics market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the MENA cold chain logistics market. The MENA cold chain logistics market was valued at about USD 9 billion in 2022 and is expected to reach over USD 19 billion in 2028, with a CAGR of nearly 14% during the forecast period.

Market Insight

The establishment of cold chain facilities is required due to the MENA region's growing reliance on imports to provide for its food needs. In addition to cold storage and delivery, cold chain companies also offer value-added services like labeling, packing, and palletizing to stay competitive. The MENA region's cold chain market has grown because of the expansion of the dairy industry, the region's cold chain market, an increase in the number of modern grocery retail outlets, government initiatives to reduce dependency on oil exports, and other causes. The capacity to improve supply chain effectiveness and extend shelf life by reducing contamination and spoilage are further advantages provided by cold chain logistics. The major factor that is expected to boost the growth of the cold chain monitoring market in the forecast period is the increase in the number of refrigerated warehouses across the MENA region.

The expansion of international trade driven by liberalization is the primary driver of the MENA region's cold chain logistics market. As a result, a system for storing food products including fruits, vegetables, and seafood is now required. The expansion in the number of food goods on the market and the involvement of big businesses in storage activities are further factors driving the MENA cold chain logistic market. Additionally, the manufacturing of processed and frozen meals has expanded due to the rising consumption of fast foods in the MENA region. As a result, there is a significant demand in the cold chain logistics market for the safe and secure transportation of various perishable food products. Additionally, the expansion of the MENA cold chain logistic market is indirectly fuelled by the rise in disposable income and the accessibility of a variety of options on the market. The high cost of building infrastructure can be seen as an important limitation in the cold chain logistic market in the MENA region. The automation of cold rooms and the increasing penetration of connected devices in the MENA region should promote growth which is an opportunity for the market. Demand for the cold chain logistics industry is rising because of the expansion of organized retail outlets in MENA countries.

Based on region, the cold chain logistic market in the MENA region is divided into Saudi Arabia, Turkey, Qatar, UAE, Egypt, and the rest of MENA. From this, Qatar and Turkey hold the largest share in the MENA region. The market for cold chain logistics in Qatar is predicted to expand because of the high demand for perishable foods such as meat, seafood, and dairy. The pharmaceutical industry has expanded because of the pandemic. As a result, the MENA cold chain market anticipates growth over the next few years. The region should be dominating the export of cell- and plant-based goods in the area, which will increase its need for cold storage facilities. The Turkish cold chain logistics market is expected to register a growth rate of greater during the forecast period. The COVID-19 pandemic had a positive effect on the cold chain logistics industry. The growing popularity of packaged foods and beverages has helped the expansion of the cold chain as the demand for temperature-controlled warehousing increased. Additionally, the demand for vaccine supply across the country has played a vital role in boosting the market.

Report Scope of the Cold Chain Logistics Market:

Segment Covered

The report on MENA cold chain logistics market covers segments such as products, and application. On the basis of products, the sub-markets include mechanical & cryogenic refrigeration systems, reefers, cold chain transport monitoring equipment, and packaging materials. On the basis of application, the sub-markets include food & beverages, medical goods, temperature-sensitive chemicals, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as Agility, Wared Logistics, LINEAGE LOGISTICS HOLDING, LLC, Americold Logistics, Inc., Jelaidan Cold Store, DHL, fourwinds-ksa.com, EPICOS, Hala Supply Chain Services Co., and Mosanada Logistics Services.

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the cold chain logistics market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.