- Due to modernization, urban lifestyle and change in consumption patterns, the food industry will grow by 7.9% during 2021-2026F, driving the demand for cold chain market in South Africa.
- Government has made infrastructure development in the past year by adding 332 Km of the new road. The National Development Plan targeted a 30% investment-to-GDP ratio.
- Major cities like Gauteng, Cape Town, and Durban are emerging as a hotbed for the Cold chain market since most of the industrial regions are also located nearby.
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Growing Demand from End Users: The cold chain market is expected to be fueled by increasing demand for temperature-controlled products in the country, the entry of several new players, and government initiatives and programs. With the growth of QSRs, last-mile delivery growth has also risen but many issues are prevalent such as dry ice being used by retail shops to deliver the product to end users.
3PL to Dominate the Cold Chain Market: Many manufacturers will choose to outsource their cold storage from third-party logistics companies because cold storage requires large investments. Also, as the demand for transporting refrigerated products is increasing, so will the demand for value-added services such as repackaging and consolidation, which increases the demand for 3PLs in the country. The end users like Pharma and processed foods choose 3PL over storage/transportation, therefore a 3PL can offer customized warehouses based on customer needs.
Adopting Automation 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. In the cold chain business, portable machines known as Automated Guided Vehicles are used for transporting raw materials, works-in-progress, and finished goods around the warehouse. The adoption of new and advanced technologies like WMS, automation, the Internet of Things, etc. will take the cold storage business to new heights. Drones will soon be used by several warehouses to track their inventories.
Analysts at Ken Research in their latest publication “South Africa Cold Chain Market Outlook to 2026F: Driven by Rising Meat and Seafood & Fruits and Vegetable Consumption, Owing to Growing Population and Infrastructural Development” By Ken Research observed that the Cold Chain market is an emergent market in South Africa at a rebounding stage from the economic crisis after the pandemic. The rising government policies and demand for Cold Chain, rising domestic consumption of meat and seafood, fruits and vegetables along with government initiatives are expected to contribute to the market growth over the forecast period. The market is expected to grow at an 11.5% CAGR during 2021-2026F owing to the rise in the economy of the country and growing population as well as infrastructural development by the government with investments in the sector.
Key Segments Covered
South Africa Cold Chain Market
- By Revenue Split:
- Cold Transport
- Cold Storage
- By End User:
- Meat and Seafood
- Fruits and Vegetables
- Pharmaceuticals
- Dairy Products
- Processed Foods
- Frozen Foods
- By Ownership:
- 3PL Cold Chain Facilities
- Owned
South Africa Cold Transport Market
- By Truck Type
- Reefer Vans/Trucks (1 to 10 Tons)
- 20-foot reefers (10 – 20 Tons)
- 40-foot reefers and others (more than 20 tons)
- By Mode of Transportation
- Land
- Sea
- Air
- By Location
- Domestic
- International
- By Vicinity
- Inter-city
- Intra-city
- By Ownership:
- 3PL Cold Chain Facilities
- Owned
- By End User
- Meat and Seafood
- Fruits & Vegetables
- Pharmaceuticals
- Dairy Products
- Processed foods
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South Africa Cold Storage Market
- By Temperature:
- Frozen
- Chillers
- Ambient
- By End User
- Meat and Seafood
- Fruits & Vegetables
- Pharmaceuticals
- Dairy Products
- Processed foods
- Frozen Foods
- By Region
- Gauteng
- Cape town
- Durban
- Others
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
Companies Covered:
- QK Cold Stores
- CCS Logistics
- Imperial Logistics
- Meister Cold Stores
- Etlin International
- Chilleweni Cold Storage Solutions
- Global Distribution Solutions
- Reefer Cold Storage
- Bidwest International Logistics
- Hexkoel
- Ethekwini Cold Stores
- Precool Cold Stores
- Idube Cold Storage
- Two Oceans Commercial Cold Stores
- Ayoba Cold Storage
- Durban South Cold Storage
- GoGlobal
- Ziqene Cold Stores
- SAFT Atlantic Cold Storage
Key Topics Covered in the Report
- South Arica Cold Chain Market Overview
- South Arica Cold Chain Industry Supply Ecosystem
- Business Cycle, Genesis and Timeline of South Arica Cold Chain Market
- South Arica Cold Chain Market Size, 2016-2021
- South Arica Cold Chain Market Segmentation, 2021 (by Cold Storage and Cold Transport, by Ownership, by End Users)
- South Africa Cold Storage Market Overview
- South Africa Cold Storage Market Ecosystem
- South Africa Cold Storage Market Size,2016-2021
- South Africa Cold Storage Market Segmentation, 2021 (by Temperature Range, by End Users, by Region)
- South Africa Cold Transport Market Overview
- South Arica Cold Transport Market Size, 2016-2021
- South Africa Cold Transport Market Segmentation, 2021 (by Type of Reefer Truck, by Mode of Transportation, by Location, by End Users)
- Value Chain Analysis of South Africa Cold Chain Market
- South Africa Cold Chain Market Competition Landscape
- SWOT Analysis of South Africa Cold Chain Market
- Regulatory Landscape of South Africa Cold Chain Market
- Growth drivers of South Africa Cold Chain Market
- Issues and Challenges in the South Africa Cold Chain Market
- Recent Trends in the South Africa Cold Chain Market
- End User Analysis of South Africa Cold Chain Market
- Future Outlook of South Africa Cold Chain Industry, Cold Storage Market, Cold Transport Market, 2021-2026F
- Market Opportunities and Analyst Recommendation
For more information on the research report, refer to below links:
South Africa Logistics Market Outlook to 2026: Ken Research
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