According to SPER Market Research, In order to maintain the required low-temperature range at all times, a cold chain is a temperature-controlled supply chain that includes facilities for manufacture, cold storage, and cold chain transportation via air, across rivers, and rail lines. The market for cold chains is anticipated to grow strongly in the upcoming years due to the rise in food consumption, expanding tourist industry, and the growing demand for frozen & ready-to-eat food. A few of the key growth causes include the development of cold storage for retail distribution, the building of new warehouses, the government’s creation of significant food and pharmaceutical reserves, and the rise in end consumers in emerging nations.
UAE Cold Chain Market Overview:
- Forecast CAGR (2022-2032): XX%
- Forecast Market Size (2032): XX billion
In terms of revenue, the Cold Chain market in the UAE is anticipated to grow at a medium pace with a single digit CAGR. The pharmaceutical industry’s increased production activity, infrastructure expenditures, the dairy industry’s expansion, and rising import and export volumes are all credited with the market’s positive growth. The industry is anticipated to see the introduction of new companies as well as new player mergers and acquisitions. Additionally, over the forecast period, rising adoption of warehouse automation technologies like EDI, RFID, AS/AR, and others are anticipated to boost operational efficiency in the UAE cold chain market.
The COVID-19 epidemic in the UAE had a positive effect on the cold chain industry. The market’s growth has been fuelled by the rise in demand for cold chain facilities including storage and transportation, especially for pharmaceutical products. The need for cold chain services has increased across the nation during the pandemic for the transportation of temperature-sensitive goods including vaccines and pharmaceutical medications for the distribution of vaccines. In order to distribute vaccinations both locally and internationally, firms have formed a cooperation that calls for the use of cold transportation. For example, in order to streamline the distribution of Covid-19 vaccination shots around the world, Dubai established its Vaccine Logistics Alliance with Emirates Airlines, Dubai Ports, Dubai Airports, and the International Humanitarian City. To improve the capacity for transporting vaccines, Emirates SkyCargo enhanced the pharmaceutical cold chain infrastructure in Dubai. The business wants to improve its ability to handle vaccines and pharmaceuticals that are temperature-sensitive in the nation.
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UAE Cold Chain Market Key Market Players:
The study provides market data by the competitive landscape, revenue analysis, market segments, and detailed analysis of key market players such as; Agility, Al Futtaim, Bhatia Brothers, CEVA, DB Schenker, DSV Panalpina, GAC, GSL, Hellmann, Khalidia Shipping, Kuehne and Nagel, Mohebi, RHS, RSA Cold Chain, Sharjah Cold Stores, Tameem Logistics, Triburg.
UAE Cold Chain Market Segmentation:
By Temperature: Based on the Temperature, UAE Cold Chain Market is segmented as; Ambient, Chilled, and Frozen.
By Ownership: Based on the Ownership, UAE Cold Chain Market is segmented as; Contract, Integrated.
By Mode of Freight: Based on the Mode of Freight, UAE Cold Chain Market is segmented as; Air, Land, and Sea.
By Type of Freight: Based on the Type of Freight, UAE Cold Chain Market is segmented as; Domestic, International.
By End User: Based on the End User, UAE Cold Chain Market is segmented as; Dairy Products, Meat, and Seafood, Pharmaceuticals, Vegetables, Fruits, and Others.
By Region: Due to its role as a hub for the distribution of goods to other regions, Dubai has the largest revenue share in the cold storage sector. Jebel Ali Free Zone accounts for the largest portion of the cold storage market’s revenue. It is considered as the world’s largest free zone. This report also provides the data for key regional segments of Abu Dhabi, Al Aweer, DIC (Dubai Internet City), DIP (Dubai Investments Park), Dubai, JAFZA (Jebel Ali Free Zone), Sharjah, and Others.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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