Rising Exports and Demand for Perishable Products: Brazil exports only 3% of what it produced. A Majority of beef produced (76%) is consumed domestically. Exports are steadily increasing to destinations including China, Hong Kong, Egypt, United States and EU.
Agribusiness is also on the rise in the country including products like meat, seafood, agriculture etc. which presents huge opportunities for cold chain companies. Efforts are being made to improve the infrastructural situation in the country, Companies are coming up with innovative packaging to increase the shelf life further escalating the exports.
Demand from Pharma and Chemical Sector: Considering the cold chain market, chemical and pharmaceuticals industries are the significant contributors to market growth in Brazil. Brazil imported USD 41.4 billion in chemical products in 2020 for acquisition of more than 51.5 million tons which is a record increase in volume of chemicals imported from 2019. There was a reduction in monetary value but an increase in physical quantities especially considering the serious global and national economic conditions due to COVID-19 pandemic.
Dependence on the Road Sector: Seaways in the country are underutilized, airways are not widely used due to high costs involved whereas railway lines are not extensively connected. This leads to companies being dependent on roadways leading to increased spending, longer delivery times and greater risk of accidents.
Increasing Consumption for Meat and Seafood: The increasing consumption for meat and seafood and other items helped in growing demand for cold chain facilities in Brazil which attributed to the growth of the industry. Businesses accelerating their capacities, using modern technologies, optimising their delivery network, acquiring small players in the market post COVID-19 helped to continue the growth trajectory. Therefore, major cold chain companies invested in expanding their capacities by opening warehouses, adding pallets or acquiring other players operating in the market.
Rising Cost of Operations: It is very difficult for the companies to keep their accounts scaled considering the operational costs of operating the business. Increasing taxes, high investments required in cold storages and reefer trucks, lack of infrastructure causing severe damage among other things make it difficult for companies to maintain profitability.
Analysts at Ken Research in their latest publication “Brazil Cold Chain Market Outlook to 2027- Driven by increasing exports and imports and consolidation of the market by large players“ by Ken Research provides a comprehensive analysis of the potential of Cold Chain Industry in Brazil. The rising cold storage goods among the population, along with the growing technological advancement and Government Initiatives, is expected to contribute to the market growth over the forecast period.
Key Segments Covered:-
Brazil Cold Chain Market
By End-User Application
Meat and Seafood
Fruits and Vegetables
Bakery and Confectionary
By Mode of Transport
Request For Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTY0
Key Target Audience
Cold Chain Facilities Providers
Frozen products Distributors
Refrigerator Space Manufacturers
Global Cold Chain Companies
Government Bodies & Regulating Authorities
Time Period Captured in the Report:-
Historical Year: 2017-2022P
Base Year: 2022P
Forecast Period: 2023F– 2027F
AP Logistica Group
Key Topics Covered in the Report:-
Brazil Cold Chain Market Overview
Brazil Market Overview
Export and Import Scenario in Brazil
Existing Technologies in Brazil Cold Chain Market
Evolution of Brazil Cold Chain Market
Overview of Roadways Network in Brazil
Overview of Waterways Network in Brazil
Overview of Airways and Railways Network in Brazil
Ecosystem of Brazil Cold Chain Market
Business Cycle and Genesis of Brazil Cold Chain Market
End User Analysis of Brazil Cold Chain Market
Flowchart of Brazil Cold Chain Market
Industry Analysis of Brazil Cold Chain Market
SWOT Analysis of Brazil Cold Chain Market
Major Challenges and Bottlenecks in Brazil Cold Chain Market
Regulatory Framework in Brazil Cold Chain Market
Competitive Landscape in in Brazil Cold Chain Market
Market Share of Major Dental Services Providers in Brazil Cold Chain Market
Detailed Analysis on Brazil Cold Chain Market (Market Size and Segmentation, 2017-2022; Future Market Size and Segmentation, 2023F-2027F)
Market Opportunity and Analyst Recommendations
For more insights on the market intelligence, refer to the link below:-
Related Reports By Ken Research: –