Turkey Cold Chain Market by Cold Storage and Transport, by Product Type (Bakery, Confectionary, Dairy, Meat & Sea Food, Vaccines & Pharmaceutical, Fruits & Vegetables, Chemicals) - Outlook to 2022" which provides a comprehensive analysis of cold chain market in Turkey.
The report covers market size, segmentation on the basis of cold storage and cold transport and industries. The report also covers market in different aspects such as supply chain analysis, competitive landscape and company profiles for major players in Turkey cold chain market. The report provides detailed overview on future outlook & projections with analyst recommendations for the industry.
The report facilitate the readers with the identification and in-depth analysis of the existing trends prevalent in the industry and anticipated growth in the future depending upon changing industry dynamics in coming years. The report is useful for cold chain companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
Turkey cold chain market is in its nascent stages. The market has been divided into two segments; cold storage market and cold transport market. Turkey's cold chain market revenues has increased from USD ~ million in 2011 to USD ~ million in 2017 with a CAGR of ~% during this period. This has been primarily due to significant increase in production and consumption in the food and beverage sector of Turkey, which is a resultant of the increased purchasing power of the country's population. Progressive measures taken by the government have resulted in augmentation of production and consumption in many sectors which are heavily dependants on the cold chain industry.
Turkey Cold Chain Market Segmentation
By Cold Storage and Cold Transport
The cold transportation segment held the major share of the market and was about ~% of the total cold chain market in terms of total market revenue in 2017. The cold storage industry contributed around ~% of the total revenue in 2017. Consumption of fresh food is dominant in Turkey in comparison to frozen food. Owing to this trend, supermarkets, retail outlets, restaurants etc. require their stocks of temperature sensitive products to be to be fresh, not stored in cold storage for a long time and regularly delivered. This is one of the main reasons that the cold transport contributes more revenue to the market in comparison to cold storage.
Turkey Cold Transport Market
The cold transport market in Turkey in terms of revenue has increased from USD ~ million in 2011 to USD ~ million in 2017. However, the overall share of cold transport market in the cold chain market has declined from ~% in 2011 to ~% in 2017. There has been a rise in ‘just in time' inventory systems utilized by various companies to meet the high demand of different products such as meat, fisheries and agricultural products over the period 2011-2017.
Turkey Cold Transport Market Segmentation
In Turkey, the cold transport industry is dominated by land transport. In 2017, land transport constituted around ~% of the total revenue of the cold chain transport market in Turkey. Air and sea cold chain transport constituted ~% and ~ % respectively to the total revenue of the cold transport market revenue of Turkey in 2017.
Normal delivery dominated the market in 2017 by generating around ~% of the revenue of the cold transport market. The rest ~% of the revenue of the cold transport market in 2017 was generated by express deliveries.
In 2017, ~% of the revenue of the cold transport market was generated by fleet which was owned by the companies and the rest ~% of the revenue was generated by rented fleet from third party logistics service providers.
Domestic cold transport dominated the overall market in 2017 by generating ~% of the total revenue of the cold transport market. Whereas revenue generated by international cold transport constituted around ~% of the market in 2017.
Future Potential of Turkey Cold Transport Market
The revenue of the market is expected to grow from USD ~ million in 2018 to USD ~ million in 2022 at a CAGR of ~%. Development of transport infrastructure in the country is expected to significantly augment the cold transport market. Growth in revenues is also expected to surge because of the increasing number of food service establishments, supermarkets and small stores that require cold transport services in the country.
Turkey Cold Storage Market
Share of cold storage in the revenues of cold chain market has inclined from ~% in 2011 to ~% in 2017 with the increase in number of cold storage warehouses from around ~ in 2011 to around ~ in 2017. The overall revenue of the cold storage market has increased from USD ~ million in 2011 to USD ~ million in 2017.
Turkey Cold Storage Market Segmentation
In 2017, large cold storage warehouses contributed around ~%, medium contributed around ~% and small ware houses contributed around ~% of the total revenue of the cold storage market.
In 2017, of the total revenue generated by the cold storage facilities in Turkey, ~% (USD ~ million) was generated by owned cold storage warehouses and the rest ~% (USD ~ million) was generated by rented cold storage facilities from third party logistics service providers.
In terms of conventional and modern warehouses (warehouses that use the latest technology), in 2017 the cold storage industry in Turkey had around ~ warehouses that were based on conventional technology and the rest ~ were based on the latest technology.
Future Potential of Turkey Cold Storage Market
Turkey cold storage warehousing market has been projected to augment from USD ~ million in 2018 to USD ~ million in 2022 at a CAGR of ~%. It is expected that several new cold chain warehousing facilities will be established in Turkey over the period 2018-2022. This is likely to provide significant support to the cold chain warehousing market of Turkey throughout the forecasted period 2018-2022. Furthermore, growing consumer demand for processed frozen food rather than consumption of fresh products has also been anticipated to provide ample support to the cold storage warehousing market of Turkey over the period 2018-2022.
Positioning of Major Players in Turkey Cold Chain Market
The industry has a handful of players and is largely dominated by organized companies that have presence in other countries as well. The companies which have made a foothold in the Turkish cold chain market are Polar Express, Havi Logistics, Yusen Logistics, Emran Logistics and others. These companies compete on the basis of price, on time delivery, number of temperature controlled vehicles available and cold storage warehouses, penetration of services into rural areas and the range of products for which storage and transportation operations can be provided. There also exist a number of third party logistic service providers which mainly rent their warehouses and land transportation fleet to the major players of the market.
Future Potential of Turkey Cold Chain Market
The future prospects of the cold chain logistics industry in Turkey look quite promising. The growth of the Turkey cold chain logistics market is expected to accelerate over the forecasted period 2018- 2022 owing to the growth in consumption of frozen food products, bakery, confectionary and dairy products followed by meat and sea food. The cold chain market is expected to grow from USD ~ million in 2018 to USD ~ million in 2022 at a CAGR of ~%.
Key Topics Covered in the Report:
- Comparative Analysis of Turkey Cold Chain Logistics Market with Asia Pacific Cold Chain Logistics
- Turkey Logistics Infrastructure
- Supply Chain Analysis in Turkey Cold Chain Market
- Turkey Cold Chain Market Overview and Genesis
- Turkey Cold Chain Market Size
- Turkey Cold Chain Market Segmentation
- Trends and Developments in Cold Chain Market
- SWOT Analysis of Turkey Cold Chain Market
- Competitive Landscape of Major Players in Turkey Cold Chain Market
- Snapshot on Turkey Third Party Logistics
- Industry Norms and Regulations
- Turkey Cold Chain Market Future Outlook and Projections
- Analyst Recommendation for Turkey Cold Chain Market
- Macroeconomic Factors affecting Turkey Cold Chain Market
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