Philippines Market? – Ken Research
The cold chain market in the Philippines is witnessing a remarkable growth trajectory, propelled by the increasing domestic consumption of meat, the burgeoning demand for Quick Service Restaurants (QSRs), and the expansion of cold storage infrastructure. Nevertheless, this industry is not immune to the significant changes occurring in the market, including shifts in demand, supply, quality, regulations, heightened product sensitivity, and underutilized capacities. These factors directly impact the efficiency of cold chain logistics. To delve deeper into how government regulations and technological advancements are shaping the future of this industry in the Philippines, read more. Discover the pivotal role they play in overcoming challenges and driving the sector towards enhanced productivity and sustainability.
1. The Cold chain market is highly fragmented and is home to 100+ cold transportation & storage players enabling the market to transform over the years
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2. Presently, the industry is driven by the rising domestic consumption of meat, growing demand for QSRs, and expansion of existing cold storage
3. However, the significant changes in the market in terms of demand, supply, quality, regulations, increased product sensitivity, and low capacity utilizations directly affect cold chain logistics
4. To curb the issues and promote growth of the market, the Philippines Government is working closely with the US Agencies through various associations and strategies
4.1 Further, the Cold chain sector in the Philippines is experiencing a new wave of technological developments which will further push the organic growth of the industry in the future
Some of the Intelligence Curated by Ken Research in Cold Chain Market Space:
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