The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of UAE Cold Chain Market (2022-2027):
According to the latest report, the UAE Cold Chain Market is projected to grow at a 6.9% CAGR during the forecast period, 2022-27. The report demonstrates the prominent factors propelling the exponential growth of the UAE Cold Chain Market.
Key Takeaways: Beneficial for Stakeholders and Clients
- Historic Period: 2017-2020
- Base year: 2021
- Forecast Years: 2022-2027
- CAGR (2022-27): 6.9%
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What are the major Driver the UAE Cold Chain industry?
Increasing Investment in Cold Storage – Due to limited fertile land for farming & the adverse weather conditions, 90 percent of the UAE’s food requirements are met by the import of food products from countries such as the US, the UK, France, and Brazil. With the growing demand from the restaurant & food-service supply chains due to pent-up demand for eating out & the increasing flow of tourists in the coming years, as Dubai hosts Expo 2020. Thus, to meet the growing market demand, the industry is expanding its existing cold storage facility and establishing a new one to meet the growing demand in the local market. For instance:
- In 2018, Al-Futtaim Logistics, a leading integrated logistics & supply chain solutions provider, announced the expansion of its services with the opening of a state-of-the-art cold storage warehousing facility in Dubai.
Furthermore, with the outbreak of COVID-19, the need for frozen cold storage has flourished rapidly for the storage & distribution of vaccines, which require storage at -80°C. The growing strategic partnership among the companies to the cold storage facility for the vaccine has augmented the market growth.
- In 2021, Abu Dhabi-based healthcare procurement company, partnered with Abu Dhabi Ports to establish the UAE’s largest cold storage facility for COVID-19 vaccines.
UAE Cold Chain Market Segmentation
The UAE Cold Chain Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Type
- Cold Storage
- Cold Transportation
- By End-User
- Food & Beverage
- Beverage & Packaged Food
- Dairy Products
- Meat and Seafood
- Pharmaceuticals
- Fruits and Vegetables
- Others (flowers, ornamental plants, etc.)
- Food & Beverage
- By Region
- Dubai
- Abu Dhabi & AI Ain
- Sharjah & Northern Emirates
As per the regional aspect, the UAE Cold Chain Market is expected to be dominated by the Dubai by capturing the potential market share.
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Top Companies in the UAE Cold Chain Market
Gulf Agency Company, Al-Futtaim Logistics, Hellman Worldwide Logistics, Global Shipping & Logistics LLC, RHS Logistics, CEVA Logistics, Mohebi Logistics, Agility Logistics, Panalpina-DSV, Kuehne- Nagel, RSA Cold Chain, DB Schenker
Recent Developments UAE Cold Chain Market
- In 2021, Abu Dhabi-based healthcare procurement company, partnered with Abu Dhabi Ports to establish the UAE’s largest cold storage facility for Covid vaccines.
- In 2018, Al-Futtaim Logistics an integrated logistics and supply chain provider announced expansion by opening new colds storage facility in Dubai. The facility is located at Jebel Ali South Free Zone has space for more than pallets with temperatures ranging from +18 degrees Celsius to -22 degrees Celsius.
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