SAUDI ARABIA COLD STORAGE MARKET

Cold storage has an advanced refrigeration technology that is used for preserving perishable commodities such as fruits and vegetables. It increases the lifespan of the perishable food products, which plays a vital role in the overall supply chain management of the FMCG industry. Cold storage extends the period of time for various products by maintaining and controlling the humidity and temperature within a storage system. In addition to this, cold storage is a method used for bulk handling between the production and marketing processing of perishable commodities.

Major Saudi Arabia Cold Storage Market Drivers

The key factors driving the growth of the Saudi Arabia cold storage market include the increasing demand for packaged food products, the rapid expansion of the logistics and retail sector, and the rising consumer spending across the region. Increasing demand for cold storage facilities among end-user industries such as frozen food, dairy, meat & seafood, pharmaceutical products is further surging the growth of the market. Moreover, the increasing infrastructural development activities majorly in manufacturing and industrial activities will further boost the growth of the Saudi Arabia cold storage market. Rapid urbanization, coupled with the increasing government initiatives for food preservation and security are likely to expand the Saudi Arabi cold storage market. Increasing concerns for food wastage and rising population in Saudi Arabia is expected to propel the market growth in upcoming years. The large urban population, better infrastructure facilities, and high availability of manpower are driving the demand for cold storage in Saudi Arabia cities such as Riyadh. In addition to this, the rising FDI investment in retail and construction sector will further increase the demand for cold storage in Saudi Arabia. However, lack of infrastructure required for maintaining cold storage may hinder the growth of the Saudi Arabia cold storage market.

Based on type, Chiller segment is projected to grow at a higher CAGR in the Saudi Arabia cold storage market owing to the increasing demand of dairy and pharmaceutical products in Saudi Arabia.

Based on storage type, Warehousing segment is expected to increase at a higher CAGR during the forecast period owing to the growing demand for warehousing for storing various products such as meat, vegetables, fruits, and other food products. Moreover, expansion of the retail sector and rapid urbanization will further create demand for warehouses in Saudi Arabia.

Based on the application, Dairy segment is anticipated to grow at a higher compound annual growth rate over the forecast period due to the expansion of the dairy industry in this region. In addition, changing food habits and lifestyles of consumers will further increase the demand for the dairy segment. Meat and Seafood segment is also growing in Saudi Arabia cold storage market owing to the increasing imports and exports from Saudi Arabia.

Top Market Players

Various notable players operating in the market include Able Logistics Group, CGS, Storkom, Himmah Logistics Company, Raqtan, Bureida Trading and Refrigeration, Atlascool, Almunajem Group, DANA Steel Processing Industry, and Omega Engineering Company, among others.

Segments covered in the Report:

The Saudi Arabia 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 Saudi Arabia cold storage market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the Saudi Arabia 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

Saudi Arabia Cold Storage Market by Storage Type

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

Saudi Arabia Cold Storage Market by Temperature Range

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

Saudi Arabia Cold Storage Market by Application

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

Saudi Arabia Cold Storage Leading Market Players

• • Able Logistics Group
  • CGS
  • Storkom
  • Himmah Logistics Company
  • Raqtan
  • Bureida Trading and Refrigeration
  • Atlascool
  • Almunajem Group
  • DANA Steel Processing Industry
  • Omega Engineering Company