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Ever Lasting Demand, Adoption of New Technologies and Government Initiatives had driven Nigeria Cold Chain Market: Ken Research

Government Initiatives:  Government of Japan provided USD39 million to UNICEF for establishing cold chain settings in Nigeria and 31 countries. The funds would be utilized for purchasing cold chain equipment, including walk-in freezer room, solar vaccine refrigerators, temperature-controlled devices, technical assistance, and facilitate monitoring of vaccine potency. In 2021, the Launch of Your Virtual Cold Chain Assistant (Your VCCA) project, which is data-driven mobile software that bridges gap between post-harvesting infrastructure and technology by increasing access to cold storage facilities in Nigeria, and monitor shelf-life of produce in real-time by farmers. Lagos held 2nd West Africa Cold Chain Summit and Exhibition (WACCSE) which aimed at bringing together the government and banks in private sector which would stimulate cold chain industry. With the grants given by the initiative “PLAN”, Cold Hubs Ltd, conceptualized solar and diesel-powered cold storage spaces and refrigerated truck solutions, on easy low-cost repayment model.

Ever Lasting Demand: The demand for cold chain is driven by the growth and presence of agricultural and pharmaceutical companies. Since the population is growing in Nigeria, we can expect the cold chain industry to ultimately grow in the coming decades. Investment by international players such as DHL, have started offering advanced cold chain facilities to cater to pharmaceutical clients. Rising incomes and increased awareness on the nutritional benefits of milk and dairy products, coupled with changes of taste of preferences among Nigeran consumers, have contributed to the growing demand for milk and dairy products.

Adoption of New Technologies: The cold storage facilities need to maintain temperature 24*7, and regular power supply is needed for that. Since, Nigeria is not equipped with right proper power infrastructure yet, solar powered cold storage facilities are an amazing innovation, introduced recently in the market. Cold storage units that use solar electricity as a power source have been introduced to as an innovation to overcome this problem. Companies like cold hubs are the market leaders in this segment.

Analysts at Ken Research in their latest publication Nigeria Cold Chain Market Outlook to 2026 – Driven by high food produce wastage due to lack of cold chain infrastructure, solar-focused start-ups, and increased disposable income of consumersby Ken Research observed that Cold Chain market is an emergent market in Nigeria at a growing stage even during the pandemic as well. The rising of E-Commerce Companies and the increase in pharmaceuticals imports, along with the burgeoning demand for Processed and Packaged Foods, is expected to contribute to the market growth over the forecast period. The Nigeria Cold Chain Market is expected to see high growth rate over the forecasted period 2021-2026F.

nigeria-cold-chain-market

Key Segments Covered:-

Nigeria Cold Chain Market

By Cold Chain Market Size (by Revenue), 2021 & 2026F

Cold Transportation (Revenue, Reefer trucks, Price)

Cold Warehousing ( Revenue, Price, Space, occupancy rate)

Nigeria Cold Warehousing Market:-

By Pallet Size (by Revenue), 2021 & 2026F

Chilled

Frozen

Ambient

By End-User (by Revenue), 2021 & 2026F

Meat & Seafood

Fruits and Vegetables

Pharmaceuticals

Dairy Products

Others (Horticulture & more)

By Geography (by Revenue), 2021 & 2026F

Lagos State

Ogun State

Others (Imo State, Abuja State).

Nigeria Cold Transportation Market:-

By Mode of Transport (by Revenue), 2021 & 2026F

Land

Air

Sea

By Type of Freight (by Revenue/Price or No of Reefer Trucks), 2021 & 2026F

International Freight

Domestic Freight

By End-User (by Revenue), 2021 & 2026F

Meat & Seafood

Fruits and Vegetables

Pharmaceuticals

Dairy Products

Others (Horticulture & more)

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTMw

Key Target Audience:-

Cold Transport Companies

Warehousing Companies

Pharmaceuticals

Food & Vegetables Providers

Meat & Seafood Providers

Dairy products Companies

Government and Institutions

Time Period Captured in the Report:-

Historical Period: 2016-2020

Base Year: 2021

Forecast Period: 2022– 2026F

Companies Covered:-

MDS Logistics

Zenith Carex

TranEX

Red Star

Cold Hubs

Kenie-O-Cold Chain Logistics

Wigmore Trading

Flux Logistics

Ask for Customization @ https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2MTMw

Key Topics Covered in the Report:-

Nigeria Cold Chain Market Overview

Nigeria Cold Chain Market Economy

Nigeria Cold Chain Market Demographics

Nigeria Cold Chain Market Value Chains

Ecosystem of Major Entities in Nigeria Cold Chain Market

Current Technologies in Nigeria Cold Chain Market

Current Solar-based Technologies in Nigeria Cold Chain Market

Cross Comparison of Technologies in use in Nigeria Cold Chain Market

Emerging Technologies in Nigeria Cold Chain Market

Logistics Infrastructural Analysis of Nigeria.

Genesis of Nigeria Cold Chain Market

Nigeria Cold Chain Market Size and Segmentations

COVID Impact on Cold Chain Industry of Nigeria

Trends and Developments in Nigeria Cold Chain Market

Issues and Challenges in Nigeria Cold Chain Market

Decision Making Process and Factors for selecting a logistics partner in Nigeria

Decision Making Parameters for selecting a logistics partner in Nigeria

Strengths, Weaknesses, Opportunities and Threats for Nigeria Cold Chain Industry

Competition Landscape

Strengths and Weaknesses of Major Players in Nigeria Cold Chain

End-User Potential in Nigeria Cold Chain Market

Future Market Outlook and Segmentations for Nigeria Cold Chain Market

Cold Transportation Future Market size by Revenue and Segmentation, 2022-26F

Cold Chain Future Market Segmentation by End Users, 2022-26F

Analyst Recommendations

For more insights on the market intelligence, refer to below link:-

Nigeria Cold Chain Market

Related Reports By Ken Research:-

Philippines Cold Chain Market Outlook To 2026F

Malaysia Cold Chain Market Outlook To 2026

Qatar Cold Chain Market Outlook To 2026

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