The Cold Chain market in the Philippines is all set for steady growth as the sector has seen a surge in demand as domestic consumption increases. Consumer trends have shifted with a preference for frozen and chilled processed food over products from wet markets. In addition, an increase in pharmaceutical sales also hiked up the demand for temperature controlled products and logistics services, resulting in a need to further expand cold storage capacity in the Philippines.

A report by Ken Research noted that the Philippines’ cold chain logistics market is projected to hit USD 4.2 billion by 2020, with these next two years being a crucial period for the expansion of the cold chain market.