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Home Automotive, Transportation and Warehousing Portugal Cold Chain Market is expected to generate ~EUR 140.0 Mn by...

Portugal Cold Chain Market is expected to generate ~EUR 140.0 Mn by 2026F owing to Growing Demand by End Users and Technology Upgradation: Ken Research

  • Due to the climate of Portugal, the temperature of the country stays around 10 degrees Celsius to 30 degrees Celsius during the year, due to this Ambient temperature range’s demand is not expected to grow higher.
  • The industry of Cold Chain is expected to face challenges such as rising costs of fuel, higher energy costs, and unplanned costs arising out of natural and manmade calamities.
  • C-Roads Portugal started in 2017 and will last until the end of 2023 and will enhance the intelligence of roads, vehicles, and traffic management.

Rising Disposable Income and Retail Spending: Growing demand for temperature-controlled products and the entry of several new players are anticipated to propel the cold chain market. The cold transport segment will still have a greater share in the overall cold chain market during the forecasted period and is expected to be around more than half of the total cold chain market of Portugal in 2026F.in addition to this, the demand for perishable food products is expected to increase due to the rising disposable income and retail spending of the people in the country, which will necessitate the development of cold storage facilities and positively affect market growth.

Gradual Rise in Exports: Many cold chain operators are expected to expand their operations and new players are expected to enter the market and establish many new cold storage warehouses to cater to the large and rising demand for frozen and chilled storage, providing a significant boost to the Portugal cold storage industry. In past, Portugal’s exports were low due to competition from Spain and Italy, hence the majority of the revenue from the cold transportation industry is generated from domestic demand. A gradual rise in exports is expected as Portuguese companies are slowly getting global partners, hence driving the growth of the cold transportation market.

Adopting IOT and Modern Technologies: Technological advancement is expected to play a major role and new facilities are being built to improve the efficiency of food supply storage and distribution. Drones will soon be used by several warehouses to track their inventories. In the future, the Internet of Things may assist warehouses in lowering risk and avoiding mistakes or accidents that could result in supply chain losses.

Analysts at Ken Research in their latest publication Portugal Cold Chain Market Outlook to 2026F: Driven by Rising Packaged Foods Consumption Owing to Growing Millennial Population observed that the Cold Chain market is an emerging market in Portugal at a rebounding stage from the economic crisis after the pandemic. The rising government policies and demand for Cold Chain, rising domestic consumption of fish and other seafood, meat, and frozen foods along with government initiatives are expected to contribute to the market growth over the forecast period. The Portugal cold Chain market is expected to grow at a 5.6% CAGR during 2021-2026F owing to the change in lifestyle and urbanization which led to rising domestic consumption of processed food.

Portugal-cold-chain-market

Key Segments Covered:-

Portugal Cold Chain Market

By Type

Cold Transport

Cold Warehousing

By End User

Meat and Seafood

Fruits and Vegetables

Pharmaceuticals

Dairy Products

Portugal Cold Transport Market

By Type of Freight

Domestic Freight

International Freight

Mode of Freight

Land

Sea

Air

By Size of Truck

Small (6 pallets capacity)

Medium (20 pallets capacity)

Large (33 pallets capacity)

By End User

Meat and Seafood

Fruits & Vegetables

Pharmaceuticals

Dairy Products

Portugal Cold Warehouses Market

By Type of Cold Warehouses

Frozen

Chilled

Ambient

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By End User

Meat and Seafood

Fruits & Vegetables

Pharmaceuticals

Dairy Products

Processed foods

Frozen Foods

Key Target Audience:-

Cold Storage Companies

Cold Chain Companies

Cold Transport Companies

Captive Cold Storage Companies

Captive Cold Chain Companies

Logistics Companies

Non-captive Companies

Cold Chain Associations

Logistics Associations

Private Equity Firms

Venture Capitalists

Time Period Captured in the Report:-

Historical Period: 2016-2021

Base Year: 2021

Forecasted Period: 2021-2026F

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Companies Covered:-

Americold Logistics

STEF Portugal

NC Logistica

Frigoservice

Paulo Duarte

Primafrio

Luis Simoes

Olano Logistics

Rangel

Soapa Europa

TPCF

TJA

UPS

Logifrio

TIBA Group

HAVI Logistics

Antonio Frade

Transfrio

Key Topics Covered in the Report:-

Portugal Cold Chain Market Overview

Portugal Cold Chain Industry Supply Ecosystem

Portugal Cold Chain Market Size, 2016-2021

Portugal Cold Chain Market Segmentation (By Cold Storage and Cold Transport, By End Users), 2021

Portugal Cold Storage Market Ecosystem

Portugal Cold Storage Market Size, 2016-2021

Portugal Cold Storage Market Segmentation (by Temperature Range, by End Users), 2021

Portugal Cold Transport Market Overview

Value Chain Analysis of Portugal

Portugal Cold Transport Market Revenue, 2016-2021

Portugal Cold Transport Market Segmentation (by Type of Reefer Truck, by Mode of Transportation, by End Users), 2021

Portugal Cold Chain Market Competition Landscape

SWOT Analysis of Portugal Cold Chain Market

Regulatory Landscape of Portugal Cold Chain Market

Growth drivers of Portugal Cold Chain Market

Issues and Challenges in Portugal Cold Chain Market

Recent Trends in the Portugal Cold Chain Market

End User Analysis of Portugal Cold Chain Market

Future Outlook of Portugal Cold Chain Industry, Cold Storage Market, cold Transport Market, 2021-2026F

Market Opportunities and Analyst Recommendation

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

Portugal Cold Chain Market

Related Reports By Ken Research

Philippines Cold Chain Market Outlook to 2026F: Driven by Rising Meat and Seafood Consumption Owing to Growing Millennial Population Albeit Infrastructure Challenges

Qatar Cold Chain Market Outlook To 2026 – Driven By FIFA World Cup 2022’s Logistics Demand And Infrastructural Growth Along With A Tailwind Of Technological Development, Qatar Cold Chain Market Experiencing Growth

Malaysia Cold Chain Market Outlook To 2026 – Driven by Increase in Demand for Perishable Food Items and its Establishment as the Halal Industry Hub, Malaysia Cold Chain Market Experiencing Growth

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