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Yahoo
27-06-2025
- Business
- Yahoo
Cold chain market in Middle East and North Africa expected to hit $41.1 billion by 2030
BCC Research has recently released the 'Cold Chain Regional Analysis Market: Middle East and North Africa(MENA)' market analysis. Based on their findings, the cold chain market is expected to reach $41.1 billion by the end of 2030 with a Compound annual growth rate of 8.8% for 2025-2030. The current base value of the MENA market is $24.9 billion as of 2024. The report attributes this rapid expansion to a confluence of factors, including increased demand for perishable food and pharmaceutical products, government investments in food security and public health, and widespread adoption of cold chain technologies like IoT and AI across logistics networks. BCC Research identifies five core drivers behind the market's acceleration: Rising Demand for Perishables: Urbanization, population growth, and rising disposable incomes are fueling demand for fresh fruits, vegetables, dairy, seafood, and temperature-sensitive pharmaceutical products. E-Commerce and Online Grocery Growth: As consumers shift to online grocery shopping, the need for efficient last-mile cold chain logistics has increased across urban centers. Stricter Food Safety and Pharma Regulations: Governments across MENA are enforcing tighter controls on food safety and pharmaceutical storage, encouraging the adoption of advanced cold chain solutions to maintain compliance. Investment in Cold Storage and Smart Tech: Smart warehouses, real-time monitoring systems, and automation are being deployed to improve efficiency and reduce spoilage. Strategic Location for Global Trade: With access to Europe, Asia, and Africa, the MENA region continues to serve as a crucial transit point for temperature-sensitive goods. Cold storage continues to dominate the market, making up 56% of total cold chain activity in the region as of 2024. Meanwhile, blast freezing leads as the dominant technology segment, expected to remain the top choice through 2030 for its efficiency in preserving food and pharmaceuticals. Saudi Arabia is leading the regional cold chain market, accounting for 36% of the market in 2024. It is expected to maintain its lead through 2030, with a CAGR of 10.6% and a projected market value of $16.5 billion. The country has made notable strides in strengthening its cold chain infrastructure as part of its national food security strategy. Technology adoption in the country is playing a key role, with IoT devices and automation systems increasingly used for real-time temperature tracking and warehouse management. These innovations are helping Saudi Arabia meet the growing demand for temperature-controlled logistics in both the food and pharmaceutical sectors. Other countries covered in the report include the United Arab Emirates (UAE), Egypt, Qatar, and the rest of MENA, excluding Turkey and Israel due to their already-advanced infrastructure. Bcc's report highlights emerging players that are helping to modernize the cold chain landscape across the MENA region: FreshOnTable (UAE): A farm-to-table logistics company that connects local farmers with businesses to deliver fresh produce through a digitally optimized cold chain. YallaMarket (UAE): A fast grocery delivery service that utilizes micro-fulfillment centers and advanced cooling tech to deliver perishable products within minutes. Reefer-x: A cold chain tech provider offering real-time tracking and monitoring solutions for temperature-sensitive cargo. TruKKer: A digital freight platform that includes cold chain trucking for the transport of pharmaceuticals and food items across MENA. Themar (Saudi Arabia): An agri-tech startup that links farmers with buyers while ensuring produce is transported under optimal cold storage conditions. These startups are not only meeting growing consumer demand but also supporting governments' broader goals around food security and supply chain modernization. The MENA region's cold chain market presents significant long-term opportunities for companies involved in logistics, technology, infrastructure development, and food and pharmaceutical distribution. The post Cold chain market in Middle East and North Africa expected to hit $41.1 billion by 2030 appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Trade Arabia
31-03-2025
- Business
- Trade Arabia
WSTHA, Fresh On Table partner for a carbon-neutral experience
World Sustainable Travel & Hospitality Awards (WSTHA) has announced a strategic partnership with Fresh On Table, the leading AgriTech platform championing local and sustainable food sourcing. As Official Culinary Partner, Fresh On Table will curate a delicious, carbon-neutral, farm-to-table, zero waste menu for the 2nd annual World Sustainable Travel & Hospitality Awards, taking place at Terra, Expo City Dubai on 29 October 2025. The partnership underscores a shared commitment to sustainability and reflects the collective drive of the travel and hospitality sector to achieve net positivity. The brainchild of Indian entrepreneur Atul Chopra, Fresh On Table acts as a catalyst with a mission to promote sustainability and assist the nation's food security mission. Its ethos is to reduce carbon footprint by keeping food production and consumption as close together as possible. Justin Cooke, Executive Vice President, World Sustainable Travel & Hospitality Awards, says: 'Fresh On Table's mission to complete the circular economy sustainability loop aligns perfectly with our values. We are thrilled to showcase a dining experience that embodies sustainability at every level. In keeping with our vision for the Awards, Fresh on Table will also be sharing the origin story of the meal complete with sustainability metrics showcasing ingredient impact.' Fresh On Table is a partner for responsible sourcing for fresh, locally-grown produce to leading hospitality brands, including Atlantis, Hilton, Hyatt, Jumeriah, IHG and Accor. Atul Chopra, CEO, Fresh On Table says: 'With 65% of global customers now preferring hotels and restaurants that prioritise sustainable practices, Fresh On Table is dedicated to making sustainability not just a check box for corporate responsibility, but a fundamental business philosophy and lifestyle. Leveraging our cutting-edge tech platform, we are building a future that's greener, more inclusive and driven by a holistic approach that benefits the 3Ps – people, planet and profit.' World Sustainable Travel & Hospitality Awards recognises outstanding contributions to sustainable travel and tourism worldwide. The 2025 programme covers the full spectrum of the sustainable travel and tourism economy, from community initiatives and eco hotels to food sourcing and clean water. The winners will be revealed at the Gala Ceremony on 29 October at Terra, Expo City Dubai. The Awards is run in partnership with the World Sustainable Hospitality Alliance, whose partners and members represent over 66,000 hotels, 8 million rooms globally, 300 brands, and over 100 supply chain and strategic partners. Glenn Mandziuk, CEO of the World Sustainable Hospitality Alliance, says: 'Sustainability is not just a goal – it is a necessity for the future of travel and hospitality. Hosting the World Sustainable Travel & Hospitality Awards 2025 at Terra, Expo City Dubai, underscores the industry's commitment to driving meaningful change.' Launched in 2023 at COP28 in Dubai, the Awards serves to recognise, celebrate, and share the stories of individuals and organisations that are accelerating change and making an impactful contribution to sustainable travel and tourism. The inaugural ceremony, held in Belize in September 2024, brought together the global leaders in sustainable tourism. -TradeArabia News Service
