Portugal Cold Chain Market Outlook to 2026F: Driven by Rising Packaged Foods Consumption Owing to Growing Millennial Population

Portugal Cold Chain Market Outlook to 2026F: Driven by Rising Packaged Foods Consumption Owing to Growing Millennial Population

The publication titled “Portugal Cold Chain Market Outlook to 2026F: Driven by Rising Packaged Foods Consumption Owing to Growing Millennial Population” by Ken Researchprovides a comprehensive analysis of the cold chain market of Portugal including the Cold Storage and Cold Transport market. The report covers an overview and genesis of the industry, cold transport market size in terms of revenue generated, viz segmentations (by Type of Reefer Truck, by Mode of Transportation, by End Users) and cold storage sector with respect to revenue generated by cold storage companies and their segmentations (by Temperature Range, by End Users); trends and developments, technological advancements, government regulations, issues, and challenges. The report finally concludes with a competitive landscape including the competition scenario, cross comparison, strengths and weaknesses and company profiles of major players in the cold chain market, macroeconomic factors impacting the industry, and analyst recommendations.

Portugal Cold Chain Market Overview: Portugal’s cold chain market was evaluated to grow at single digit CAGR during 2016-2021.The market is currently in the growth stage owing to rising domestic consumption of processed foods, frozen foods, seafood, and meat along with increasing government initiatives and investments in the sector. Due to the increase in demand for pharmaceutical products, as well as the rise in e-commerce resulting from the pandemic the cold chain market in Portugal has seen its share growth in recent years. The Portugal cold chain market is moderately consolidated. The cold warehouse market has fewer companies due to the large captive company presence in the country. There are many cold transportation companies, most of which are small-scale players with a smaller number of fleets. The demand for consuming frozen foods along with increasing meat and seafood consumption is driving the market.

Portugal Cold Chain Market Segmentation:

By End User: The Pharmaceuticals segment drove extensive growth for the market in the years of the pandemic due to the demand for more storage, transportation, and distribution of pharmaceutical goods.

By Type:The Cold Transport revenue growth was affected owing to the decrease in international trade as well as domestic transportation due to curfew and shutdowns during COVID. However, the storage sector was hardly affected since companies were expanding their pallets and storing pharmaceutical products, and holding products that weren’t transported.

Snapshot of Portugal Cold Transport Market

Portugal Cold Transport Market Overview: The covid-19 pandemic led to an increase in the e-commerce market of Portugal. Due to this, the demand for more and quicker deliveries, and higher order value increased, leading to growth in Portugal’s transportation market. The pandemic also led to increased demand for vaccines and other pharmaceutical products, leading to increased revenues from the pharmaceutical sector and growth in the cold transport industry.

Portugal Cold Transport Market Competition Scenario: The market is moderately fragmented with a few large players dominating the market and a majority of players prefer to take fleets on rent. Some of the competing parameters in the cold transport market are occupancy rate, client base, fleet Size, cold transport services, total Pallet Positions, and no. of cold storage warehouses products and services.

Portugal Cold Transport Market Future Outlook: It has been observed that the majority of the operators are small fleet size operators, followed by medium fleet size operators in the transportation Market. Captive cold transportation companies are expected to shift to non-captive transportation companies due to the rise in fuel prices, resulting in the high maintenance cost of self-owned and self-used vehicles.

Portugal Cold Transport Market Segmentation:

By Type of Freight: A significant share of Domestic as well as international transportation is through the mode of land transportation.

By Mode of Freight: Air transportation is very expensive and hence is only used for transportation of faster-perishing goods like tropical fruits. Cold Transport companies in Portugal prefer the modes of Land and Sea over air transportation.

By Type of Reefer Truck: Refrigerated vehicles require regular maintenance to ensure their continued efficiency and reliability. Most of the companies have on-site technicians to provide continuous service and maintenance to their vehicles as well as to the tracking system fitted in the vehicles

By End User: The country consumes a significant amount of fruits and vegetables, making the segment have the highest share in warehousing market revenue.

Snapshot of Portugal Cold Storage Market

Portugal Cold Storage Market Overview: The Cold Storage market is in its growth stage owing to rising domestic consumption of meat and seafood, the rise of e-commerce in the country, the need for quick deliveries along with maintenance of safety standards and related laws, and the increased demand for pharmaceuticals and vaccines due to the pandemic. The Cold storage companies charge varying prices from their clients on a per pallet basis owing to factors such as the size of the consignment, b€ of the company, temperature range, and duration of the contract. The demand for cold storage also stays high in almost all seasons making overall early occupancy high.

Portugal Cold Storage Market Competition Scenario: Cold Storage industry ecosystem is dominated by international companies and then followed by domestic companies. Americold (formerly AGRO Merchants) and STEF are leading and seizing the market opportunity in Portugal by covering maximum provinces by the cold storage warehouses with the highest occupancy rate.

Portugal Cold Storage Market Future Outlook: The increase in the percentage of the cold warehouse segment in the forecasted period is because more and more captive storage owners are shifting to non-captive, shared storage to reduce their costs. The increase in overall inflation of the country, high energy prices, as well as the hindrance in energy supply (due to the Russia-Ukraine war) are leading to increased costs of maintaining a personal use cold warehouse, hence more and more businesses will shift to non-captive storages.

Portugal Cold Storage Market Segmentation:

By Temperature range (by the number of pallets): Portugal’s cold Storage market is dominated by frozen pallets and then followed by chilled pallets, and this is owed to the increasing consumption of seafood, fruits, vegetables, and frozen foods (including ready-to-eat foods and frozen bakery items like bread)

By End User: Due to the country’s location, there is high seafood consumption in Portugal, hence ‘meat and seafood’ segment has a significant share in the warehousing market’s revenue.

By Price and Occupancy Rate: The prices have been increasing due to the increasing cost of cold storage companies rising as a result of an increase in general inflation, rising energy prices, and rising fuel prices. The occupancy rate in the cold storage market has been increasing owing to the growth in demand for storage space for goods, especially pharmaceutical products in the pandemic period.

Portugal Cold Chain Market Competition Scenario: The Cold chain market is a moderately consolidated market and is home to many cold transportation & storage players. Americold Logistics and STEF are the market leaders in the Portugal Cold Chain market. Most of the companies operate on a smaller scale but run at almost full capacity. The majority of the cold warehousing companies as well as cold transport companies are located in Lisbon and Porto or nearby regions. The unprecedented growth of the e-commerce sector and enhanced focus on risk management in the supply chains will further fuel the growth of the logistics market with ample of opportunities for the industry players.

Portugal Cold Chain Market Future Outlook: Due to the country’s big coastline, and high seafood consumption and meat consumption, it is expected that the cold chain market will grow in the forecast period in Portugal, and therefore the meat and seafood segment is expected to have a significant share in warehousing market’s revenue. Intelligent transport systems will make it possible to improve the safety and quality of the network, optimize traffic and relieve congestion in cities, and because of C-Roads, growth is expected in the cold chain market of Portugal. Also with the growing demand for temperature-controlled products and the entry of several new players are anticipated to propel the cold chain market.

Key Segments Covered

Portugal Cold Chain Market

By Revenue Split:

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

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

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

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