1. KSA Cold Chain Market is currently in the growth stage as there is huge potential for the growth of the industry due to the huge gap in demand and supply for cold storage services in the country.
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The dairy business in the nation has expanded significantly over the last few years. The country’s need for cold chain facilities has been driven by the increased imports of food items such meat and related goods, fruits and vegetables, and others. The improvement of cold chain facilities is partially the result of the substantial amount of pharmaceutical supply imports into the nation.
2. The Cold Storage Market has grown over the last five years while the Cold Transport Sector saw a decline.
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In the KSA Cold Chain Market during 2022P, the cold storage segment held a larger share, reaching 62.2% in 2022P. The government’s increased investments in the nation’s infrastructure under Vision 2030 have been attributed to this rise in the market share of cold storage. The high market share has also been significantly impacted by the rising demand for cold storage needs, particularly from fast food restaurants for products like meat and seafood.
3. Occupancy Rate in the KSA Cold Storage Market has increased from 86.3% in 2017 to 87.7% in 2022P.
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The occupancy rate in the market for cold storage has been rising due to an undersupply of cold storage warehouses, particularly in large cities and ports where there is a surplus of demand for cold storage. Due to the perishable processed food business, the cold chain sector is a capital-intensive one that is heavily dependent on seasonality. During the peak season, cold storage needs to have streamline coordination between the producers, storage operators and market operations.