The Colombian cold chain logistics market is expected to grow at a compound annual growth rate of 5.3% during the forecast period of 2021-2026. The market is driven by the growth of trade in perishable products and the government's favorable support for the development of cold chain infrastructure. In recent years, the performance of Colombia's logistics industry has improved ranking to 5th in Latin America and the Caribbean. The government is working hard to improve the decentralized logistics infrastructure. Factors such as the increase in the number of cold storages, the growth of the processed food sector, and the pharmaceutical sector are expected to drive the growth of the cold chain logistics market in Columbia.
The pandemic has had a positive impact on the cold chain industry, leading to an increase in demand for cold chain warehousing. Cold chain service providers have also adopted pioneering technologies to meet the growing demand for food safety (especially processed foods). The COVID-19 outbreak has led to a shift in an organized retail market to prevent any further virus outbreaks. These developments underscore the need for the food value chain to shift from an open market to a cold chain model that can keep perishable items longer. These factors are expected to drive demand for the cold chain during the forecast period.
The pharmaceutical industry has widely accepted the potential benefits of cryogenic cold chain utilities in storing vaccines, blood samples, and other cell testers that have huge demand for the cold chain market. Moreover, the demand for cold storage in online grocery stores has increased. The growth in online grocery sales in the market is expected to increase the demand for cold storage space in the next five years
Key Market Trends
Rising Consumer Demand For Perishable Goods
Consumers are now more aware of health and wellness, as well as the effect that food nutrients, especially protein, have on overall physical and mental growth and development. This has resulted in a change in the consumption pattern of perishable foods, such as dairy products, fruits and vegetables, and high-protein animal-based products (such as meat, eggs, and fish and seafood). Emerging economies in the Asia-Pacific and Latin America are witnessing a high demand for perishable food products. This can be attributed to the rapid urbanization, changing tastes and preferences, and the rising disposable income of consumers in these countries. The market potential for processed and frozen food products is also high in these countries due to their lower adoption rates. The consumption of ready-to-eat meals, such as frozen pizzas, desserts, and snacks, is rising steadily in these countries. The frozen foods market requires an effective cold storage system so that the chemical composition of food items remains intact even after several months. With the increased international trade of these food products, the demand for cold storage systems is expected to increase in the coming years.
Increasing Investment In Transport and Logistics Sector
Colombia has made considerable progress in expanding its air and seaport capacity, and the country’s ambitious road construction plans seem to be back on track after a series of delays. In addition, the government is also trying to reform the legal framework of the industry to better promote private investment, while the municipality is committed to improving urban and rural mobility. Nevertheless, Colombia's gradual integration into the international economy and the development of mature global value chains have put pressure on the country's transportation system. Insufficient historical investment levels, coupled with increasing demand from companies and consumers, and difficult geographic conditions in the country have resulted in a huge infrastructure gap. The purpose of the government is to close the gap and promote economic growth. The transportation of goods within the country is mainly carried by roads. The increasing investment in the logistics and transport field is providing growth to the cold chain logistics market.
The Colombian cold chain logistics market is expected to be fragmented due to the presence of local and international players in the market. The market sees increasingly fierce competition in the field of e-commerce logistics. It is expected that the growth in exports of agricultural products in the international and domestic markets will also attract many international players in the warehousing and storage fields. Major players are Megafin Logistica Para Alimentos, Frigometro, Apix Logistica Especializada S.A.S., Transportes Iceberg De Colombia.
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Table of Contents
1.2 Study Assumptions
1.3 Scope of the Study
2.2 Research Phases
4.2 Market Dynamics
4.3 Technological Trends and Automation
4.4 Government Regulations and Initiatives
4.5 Industry Value Chain/Supply Chain Analysis
4.6 Spotlight on Ambient/Temperature-controlled Storage
4.7 Industry Attractiveness - Porter's Five Forces Analysis
4.8 Impact of Emission Standards and Regulations on Cold Chain Industry
4.9 Impact of COVID-19 on the Market
5.1.3 Value-added Services (Blast Freezing, Labeling, Inventory Management, etc.)
5.2 By Temperature Type
5.3 By Application
5.3.1 Horticulture (Fresh Fruits & Vegetables)
5.3.2 Dairy Products (Milk, Ice-cream, Butter, etc.)
5.3.3 Meats & Fish
5.3.4 Processed Food Products
5.3.5 Pharma, Life Sciences, and Chemicals
5.3.6 Other Applications
6.2 Company Profiles
6.2.1 Megafin Logistica Para Alimentos
6.2.3 Apix Logistica Especializada S.A.S.
6.2.4 Transportes Iceberg De Colombia
6.2.5 Sefarcol S.A.
6.2.7 Ransa Colombia Colfrigos
6.2.9 Sabanagro Ltda
6.2.10 Transportes Camfri S.A.
8.2 External Trade Statistics - Exports and Imports, by Product
A selection of companies mentioned in this report includes:
- Megafin Logistica Para Alimentos
- Apix Logistica Especializada S.A.S.
- Transportes Iceberg De Colombia
- Sefarcol S.A.
- Ransa Colombia Colfrigos
- Sabanagro Ltda
- Transportes Camfri S.A.