Market Size of UAE Cold Chain Logistics Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | > 5.00 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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UAE Cold Chain Logistics Market Analysis
The UAE cold chain logistics market is expected to register a CAGR of more than 5% during the forecast period of 2023-2028.
The UAE has a well-established cold chain logistics industry and is one of the most innovative markets in the MENA region regarding skills development for this sector as well. The supply chain has become essential in productivity improvements, extending competitiveness, and increasing productivity levels.
Consequently, consumers increasingly demand extended shelf life and an optimum level of product quality, making logistics management more important than ever before. The demand for refrigeration products and services is expected to be driven by the rising number of consumers looking for convenience in their routine shopping. The increasing demand for food quality, availability, and delivery has resulted in the rising importance of cold chain logistics in the global food distribution sector.
The cold chain business profited from the COVID-19 epidemic in the UAE. Increased demand for cold chain facilities, such as storage and transportation, particularly for pharmaceutical products, has been the primary driver of market expansion.
Due to the nationwide lockdown caused by the global epidemic of Covid-19 in 2020, the market's growth was slightly slowed down. Increased retail distribution, expanding end consumers in developing economies, rising perishables imports, and technological improvements like Transport Management Systems utilized by cold chain operators are some of the major growth factors.