Nigeria Cold Chain Market

Nigeria Cold Chain Market Overview

Nigeria cold chain market is projected to grow over the forecast period due to the rise in investment in cold chains coupled with the growth in the logistics industry.

Major Nigeria Cold Chain Market Drivers

Nigeria’s cold chain market is experiencing high growth owing to the increasing import for the cold chain commodities, wastage of food, high demand for medicines in the country. Rapid infrastructure development such as Lakaji Agricultural corridor and lekki sea port is supporting the market growth. Key players are expanding their presence in Nigeria due to 42 free trade zone where firms can freely import and export without any customs and taxes. Rising need for temperature controlled to avoid food wastage and health problems is creating huge potential in the Cold Chain Industry in Nigeria. High adoption of advanced technologies like IoT, Platooning Technologies, Retrieval System and RFID by key players such as MDS Logistics and Zenith Carex is further paving way for the Nigeria cold chain Industry.

Increasing demand for convenience food options with the extended shelf life among people is boosting the market growth. Companies like Zenith Carex are heavily spending to strengthen their footprint in Nigeria pharmaceutical logistics owing to the rapid expansion of pharma cold chain across the country. The company adopted latest technologies such as IoT censors, RFID tagging, retrieval system and others. Due to the rise in investment for technological advancement will further drive warehouses automation and installation of IoT devices, which will leads to improve the real time data collection is further expected to propel the cold chain market in Nigeria. These factors is predicted to drive Nigeria Cold Chain Market Economy.

Refrigerated storage market is driven by the increased demand for packaged food products with the change in the eating habits of consumers. Local players are expanding their cold capacities to meet the increasing demand of cold storage. Frozen cold chain market is expected to grow due to the high demand for extended life of products and rising need for these solution for various products such as food & beverages and pharmaceutical products.

Segments covered in the Report:

The Nigeria Cold Chain Market has been segmented on the basis of Type, Temperature type and Application. Based on the Type, the market is segmented into Refrigerated Storage, Refrigerated Transport. Based on the Temperature type the market is segmented into Chilled, Frozen. Based on the Application the market is segmented into Dairy & Frozen Desserts, Fish, Meat and Seafood Products, Fruits & Vegetables, Bakery & Confectionery Products, Others.

Market Segmentation

Nigeria Cold Chain Market by Type

• • Refrigerated Storage
  • Refrigerated Transport

Nigeria Cold Chain Market by Temperature Type

• • Chilled
  • Frozen

Nigeria Cold Chain Market by Application

• • Dairy & Frozen Desserts
  • Fish, Meat and Seafood Products
  • Fruits & Vegetables
  • Bakery & Confectionery Products
  • Others