EGYPT COLD STORAGE MARKET

Cold storage is a method of preserving perishable commodities such as fresh and wholesome state for an extended period of time by controlling humidity & temperature within a storage system. It can also be referred to as a method for bulk handling of the perishables between production & marketing processing. The cold storage can be combined with the storage in an environment by adding sulfur dioxide, carbon dioxide, and other elements, depending on the nature of the product to be preserved, and this process is considered as an essential part of the supply chain management.

Major Egypt Cold Storage Market Drivers

The major factors propelling the growth of the Egypt cold storage market include the rising focus of the government on improving the logistics infrastructure and growth in industrial activities. In addition to this, the increasing customer base, along with the rise in transportation activities such as the import & export of the products and the expansion in the logistics industry, which is leading to an increase in the demand for products. Moreover, the increasing implementation of advanced technologies in the storage type such as the adoption of automation and warehouse management system (WMS) in order to optimize the functionality, enhance the efficiency, along with decreasing the cost of operation are some other factors driving the growth of the cold storage market in Egypt during the forecast period. Moreover, an increase in the demand for frozen food such as meat, growing demand for quality goods, and expansion in the retail and FMCG industry are the factors surging the demand for cold storage in the market in Egypt. The factors which are responsible for hindering the growth of the Egypt cold storage market include the lack of presence of the required infrastructure in the country.

Based on storage type, the Warehousing segment is expected to increase at a higher CAGR during the forecast period owing to the high demand for warehousing in the country to store the fruits and other perishable products. In addition, increasing penetration of internet is leading to a rise in the adoption of an online platform for buying the grocery items, along with the rising government aim on the logistics infrastructure and the several new technologies implemented in warehousing such as automation & WMS to enhance the efficiency, are some of the key factors fuelling the growth of the market in this segment.

Based on the application, the Processed/Frozen Food segment is anticipated to grow at a higher compound annual growth rate over the forecast period due to the growing demand for processed or frozen food among the consumers in the country as a result of the growing disposable income and rapid urbanization. Moreover, the rising number of the working population and the increased convenience offered by the processed or frozen food as it involves less time & efforts to cook are the major factors driving the growth of the market in this segment.

Top Market Players

Various notable players operating in the market include LOGISTICA Egypt, Multi fruit Egypt, Greenline, Snow Fresh, Al-Futtaim, and Purfresh, among others.

Segments covered in the Report:

The Egypt Cold Storage Market has been segmented on the basis of Storage Type, Temperature Range, and Application. Based on Storage Type, the market is segmented into Facilities/Services and Equipment. The Facilities/Services segment is further segmented into Refrigerated Warehouse and Cold Room. Based on Temperature Range, the market is segmented into Chilled (0°C to 15°C), Frozen (-18°C to -25°C), and Deep-frozen (Below -25°C). Based on Application, the market is segmented into Fruits & Vegetables, Dairy, Fish, Meat, & Seafood, Processed Food, Pharmaceuticals and Others.

Key questions answered in this research report:

• • At what pace is the Egypt cold storage market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the Egypt cold storage market? What will be the impact of drivers and restraints in the future?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various verticals of the cold storage market, and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Egypt Cold Storage Market by Storage Type

• • Facilities/Services
    • Refrigerated Warehouse
    • Cold Room
  • Equipment

Egypt Cold Storage Market by Temperature Range

• • Chilled (0°C to 15°C)
  • Frozen (-18°C to -25°C)
  • Deep-frozen (Below -25°C)

Egypt Cold Storage Market by Application

• • Fruits & Vegetables
  • Dairy, Fish, Meat, & Seafood
  • Processed Food
  • Pharmaceuticals
  • Others

Egypt Cold Storage Market Leading Players

• • LOGISTICA Egypt
  • Multi fruit Egypt
  • Greenline
  • Snow Fresh
  • Al-Futtaim
  • Purfresh