KR1246

Indonesia Cold Chain Market Outlook
to 2026F
Driven by Rising Fisheries Industry & Convenience Food Consumption
Owing to Growing Population and Infrastructural Development
November 2022
Table of Contents
107 Slides
1. Executive Summary 7
Executive Summary of Indonesia Cold Chain Market 8
2. Country Overview and Infrastructure Analysis of Indonesia 9
Country Overview of Indonesia 10
Indonesia Population Analysis, 2021 11
Cross Comparison of Quality of Infrastructure of ASEAN Countries 12
Infrastructure Overview of the Indonesia 13
Road Transport Overview 14
Air Transport Overview 15
Sea Transport Overview 16
3. Indonesia Cold Chain Market Overview and Genesis 17
Indonesia Cold Chain Industry Supply Ecosystem 18
Business Cycle and Genesis of Indonesia Cold Chain Market 19
Understanding Value Chain of Indonesia Cold Chain Industry 20
Major Challenges in Indonesia Cold Chain Market Value Chain 21-22
Existing Technologies in Indonesia Cold Chain Market 23
Indonesia Cold Chain Market Size, 2016-2021 24
Seasonality Trends in the Industry 25
Government Bodies in Indonesia Cold Chain Market
Private and Confidential

Table of Contents
107 Slides
4. Indonesia Cold Chain Market Segmentation 28

Indonesia Cold Chain Market by Cold Storage and Cold Transport, 2016-2021 29
Indonesia Cold Chain Market Revenues by Ownership, 2021 30
Indonesia Cold Chain Market Revenues by End Users, 2021 31
5. Indonesia Cold Storage Market 32
Indonesia Cold Storage Market Ecosystem 33
Indonesia Cold Storage Market Size, 2016-2021 34
Indonesia Cold Storage Market Size by Price and Occupancy Rate (in %), 2016- 2021 35
Indonesia Cold Storage Market Segmentation by Automation (By Pallets), 2021 36
Automation in Cold Storages in Indonesia 37
Indonesia Cold Storage Market Segmentation by Temperature Range (Ambient, Frozen and Chillers), 2021 38
Indonesia Cold Storage Market Segmentation by End Users (Meat & Sea Food, Fruits & Vegetables, Vaccines & Pharmaceuticals, Dairy Products, Frozen
39
Processed Foods and Others), 2021
Indonesia Cold Storage Market Segmentation by Region (Jakarta, Medan, Bekasi and Others), 2021 40
Cross Comparison of Major Cities (Jakarta, Bekasi and Medan) in Indonesia Cold Storage Market 41
6. Indonesia Cold Transport Market Overview 42
Overview of Indonesia Cold Transportation Industry 43
Value Chain Analysis of Indonesia 44
Challenges and Opportunities in Indonesia Cold transportation Market 45
Indonesia Cold Transport Market Revenue, 2016-2021 46
Indonesia Cold Transport Market Segmentation by Type of Reefer Truck (Reefer Vans, 20 foot reefers and 40 foot reefers), 2021 47
Indonesia Cold Transport Market Segmentation by Mode of Transportation (Land, Sea and Air), 2021 48
Table of Contents
107 Slides
Indonesia Cold Transport Market Segmentation by Location (International and Domestic) & Vicinity (Intercity and Intracity), 2021 49
Indonesia Cold Transport Market Segmentation by End Users (Meat & Sea Food, Fruits & Vegetables, Vaccines & Pharmaceuticals, Dairy Products,
50
Frozen Processed Foods and Others), 2021
7. Indonesia Cold Chain Market Competition Landscape 51

Market Positioning Analysis of Major Cold Chain Players in Indonesia 52
Market Share of Major Cold Chain Players in Indonesia 53
Strengths and Weakness of Major Cold Chain Players in Indonesia 54-55
Cross Comparison of Indonesia Cold Chain Market Players (Establishment Year, Services, Industries Catered, No. of cold storages, Location of cold
56-61
storages, Temperature Range Offered, Total Pallets Positions, Occupancy Rates, Cold Transport Services, Certifications, Future Growth, Automation)
8. Indonesia Cold Chain Industry Analysis 62

SWOT Analysis of Indonesia Cold Chain Market 63
Regulatory Landscape of Indonesia Cold Chain Market 64
Growth drivers of Indonesia Cold Chain Market 65
Technological Advancements in the Indonesia Cold Chain Market 66
Issues and Challenges in the Indonesia Cold Chain Market 67
Recent Trends in the Indonesia Cold Chain Market 68
9.End User Analysis of Indonesia Cold Chain Market 69
Key Temperature Controlled Products with different Shelf Lives 70
In-Depth Analysis for Cold Storage in Indonesia 71
Decision Making Parameter for Selecting Logistics Vendor 72

Table of Contents
107 Slides
Indonesia Meat and Seafood Market 73
Indonesia Convenience Food Market 74
Indonesia Dairy Products Market 75
Indonesia Pharma Market 76
10. Future Outlook of Indonesia Cold Chain Industry 77
Future Market Sizing of Cold Chain Industry, 2026F 78
Future Market Segmentation By Market Type and By Ownership (Owned and Third Party Logistics), 2026F 79
Future Market Segmentation By End User (Meat & Sea Food, Fruits & Vegetables, Vaccines & Pharmaceuticals, Dairy Products, Frozen Processed Foods & Others),
80
2026F
11. Future Outlook of Indonesia Cold Storage Market 81
Future Cold Storage Market Sizing 82-83
Future Segmentation By Major Cities (Jakarta, Bekasi, Medan and Others) and By Temperature (Frozen, Chillers and Ambient), and By Automation (Non- Automated and
84
Automated), 2026F
Future Segmentation By End User (Meat & Sea Food, Fruits & Vegetables, Vaccines & Pharmaceuticals, Dairy Products, Frozen Processed Foods & Others) 2026F 85
12. Future Outlook of Indonesia Cold Transport Market 86
Indonesia Cold Transport Market Revenue, 2021-2026F 87
Future Segmentation by Reefer Trucks (Reefer Vans, 20 foot reefers and 40 foot reefers) and Mode of Transportation (Land, Sea and Air), 2026F 88
Future Market Segmentation by Location (International and Domestic) & Vicinity (Intercity and Intracity), 2026F 89
Future Segmentation by End User (Meat & Sea Food, Fruits & Vegetables, Vaccines & Pharmaceuticals, Dairy Products, Frozen Processed Foods & Others), 2026F 90

Table of Contents
107 Slides
13. Market Opportunities and Analyst Recommendation 91

Recommendations to set up a Cold Chain Unit in Indonesia 92
Emerging Technologies in Indonesia Cold Chain Market 93
Analyst Recommendation for Cold Chain Market 94-95
14. Research Methodology 96
Market Definitions and Assumptions 97-99
Abbreviations 100
Market Sizing Approach 101
Consolidated Research Approach 102
Sample Size Inclusion 103
Limitation and Future Conclusion 104
Disclaimer 105
Contact Us 106

1. Executive Summary
2. Country Overview and Infrastructure Analysis of Indonesia
3. Indonesia Cold Chain Market Overview and Genesis
4. Indonesia Cold Chain Market Segmentation
5. Indonesia Cold Storage Market Overview
6. Indonesia Cold Transport Market Overview
7. Indonesia Cold Chain Market Competition Landscape
8. Indonesia Cold Chain Industry Analysis
9. End User Analysis of Indonesia Cold Chain Market
10. Future Outlook of Indonesia Cold Chain Industry
11. Future Outlook of Indonesia Cold Storage Market
12. Future Outlook of Indonesia Cold Transport Market
13. Market Opportunities and Analyst Recommendations
14. Research Methodology

Executive Country Indonesia Cold Chain Cold Chain Cold Storage Cold Transport Competition Industry End User Analyst Research
Summary Overview Overview Segmentation Market Market Framework Analysis Analysis Future Outlook Methodology
Recommendation
Indonesia Cold Chain Market is expected to generate ~ by 2026F owing to Growing Demand by End Users
and Technology Upgradation
Executive Summary: Indonesia Cold Chain Market
Indonesia Cold Storage Market Revenue, 2016-2026F Indonesia Cold Chain Market Revenue Indonesia Cold Transport Market Revenue
CAGR ~ CAGR ~ CAGR ~ CAGR ~ CAGR ~
CAGR ~
2016 2021 2026F 2016 2021 2026F

2016 2021 2026F
Growth Drivers Future Outlook
❖~ ❖~
Indonesia Cold Chain Market

Major Players Competition Scenario Challenges
~ ❖~
~ ~
Source: Industry Articles, Interview with Industry Experts, Ken Research Analysis | Indonesia cold chain market is the sum total of revenues earned by all accredited non-captive domestic cold chain service providers in the country for cold storage and transport services to
manufacturers, retailers, farmers and several other entities. The market includes all types of end user industries such as meat and seafood, vaccines and pharmaceuticals, fruits and vegetables, bakery and confectionary, dairy products and several others. Temperature range
considered for cold storage facilities are +10C to -40C. Revenues generated from captive storage and transport facilities have not been taken into consideration while defining the market. |
For Market Definitions, click here Private and Confidential
2. Country Overviewand
Country Overview andInfrastructure
Infrastructure Analysis
Analysis of Indonesia
of Indonesia

Overview Overview Segmentation Market Market Framework Analysis Analysis Future Outlook Methodology
Summary Recommendation
Indonesia generated ~ GDP with an inflation rate of ~ with manufacturing sector being the highest
contributor to GDP
Country Overview of Indonesia, 2021
Country Overview, 20211 Economic Outlook,2020

Economic Outlook,2020 2 2 Major
MajorProvinces Indonesia,
Provinces in Indonesia, 2021
2021 3 3
• ~ ~ GDP in $ Bn:
• ~ ~ ~
GDP Growth Rate:
• ~ ~ ~
Unemployment Rate:
• ~ ~
~
• ~ ~ Richest Provinces
• ~ ~ ~
Indonesia GDP ($ Bn) and Inflation Rate (%), 20214 Top 5 FDI
Top 5 FDIby
byLocation (inUS
Location (in US $ Mn)
$ Mn) , 2021
, 2021 5 5 Top
TopContributors
Contributors ininGDP
GDP4 4
~ ~
~
~ ~
~ ~ ~
~ ~
2017 2018 2019 2020 2021
~
GDP Inflation Rate ~ ~
Source: Industry Articles, Industry Report & Ken Research Analysis |

1 Macrotrend | 2-Worldbank | 3-IndonesiaStatistics |4- Statista | 5- Ministry of Investment, BKPM |
Private and Confidential 10

Indonesia is one of the largest economies in the Southeastern Asia region, with ~ population belonging to
millennial group (~ years)
Indonesia Population Analysis, 2021
Population By Age, 20211 Population By Gender, 20211 Vital Statistics of Population, 20213
~ ~
~ ~ ~
Age: ~ ~ ~
~ ~
~ ~
~ ~ ~
~
Age: ~
City wise Population of Indonesia in Mn, 20214
~
Age: ~
Urban vs Rural Population, 20212
Source: Industry Articles, Industry Report & Ken Research Analysis

1. Monthly Statistical Bulletin, Indonesia (BPS website) | 2. Macrotrends | 3. Country Meters | 4- World Population Review
Overall Quality of Infrastructure in Indonesia has a Score of ~ With the quality of its roads, ports, rails, and
airports is trailing that of Malaysia, Thailand, and Philippines.
Cross Comparison of Quality of Infrastructure of ASEAN Countries
Indonesia Global Competitiveness Rankings Relative to Other ASEAN Countries, 2021
Brunai Philippin
Indicator Indonesia Singapore Malaysia Thailand Vietnam Lao PDR Myanmar
Darussalam es
~ ~ ~ ~ ~ ~ ~ ~ ~ ~
~ ~ ~ ~ ~ ~ ~ ~ ~ ~
~ ~ ~ ~ ~ ~ ~ ~ ~ ~
~ ~ ~ ~ ~ ~ ~ ~ ~ ~
~ ~ ~ ~ ~ ~ ~ ~ ~ ~
~ ~ ~ ~ ~ ~ ~ ~ ~ ~
• ~
Key Takeaway
Source: : Industry Articles, Interview with Industry Experts, Ken Research Analysis | World Economic Forum

The infrastructural development process has amplified paved roads in the country enabling forwarding services to
become more time efficient and also reach to previously un-accessible regions.
Infrastructure Overview of the Indonesia
Indonesia LPI Rank is ~ with a LPI Score of ~ (2018) Indonesia Domestic Cargo Throughput (Air and Sea), 20211
Dimension Score
Airport Seaport
~ ~
~ ~
~ ~
Median Time To Export and Import
~ ~ EXPORT IMPORT
~ ~
~ ~
Key Takeaway
~ ~ • ~
~ ~

World Bank Development Indicators
Land Transportation Industry’s contribution in Gross Domestic Product increased from ~ in 2016 To ~ in
2021
Road Transport Overview
GDP from the land transportation industry in the Indonesia from 2016-20211 Length of Roads in Indonesia (by Road Type) 2021
2016 2017 2018 2019 2020 2021 City Road Provincial Road National Road Highway
GDP in IDR Tn Road in Thousand Kilometers
Total National Road Network in Indonesia Takeaways
✓~
~

1. National Income of Indonesia 2017-2021
Domestic airports mainly provide passenger services in Indonesia, major airports for cargo are Polonia
Airport, Soekarno-Hatta Airport, Juanda Airport, Ngurah Rai Airport, and Hasanuddin Airport
Air Transport Overview
Annual Domestic Cargo Loading (in 1000 metric tons) in Indonesia, 20211 Annual Domestic Cargo Loading (in 1000 metric tons) in Indonesia, 20211
Soekarno Hatta Juanda Sultan Polonia Soekarno Hatta Juanda Sultan Polonia
Hasanuddin Hasanuddin
Annual Domestic Cargo Loading (in 1000 metric tons) Annual International Cargo Loading (in 1000 metric tons)
Key Takeaways Major Airports for Cargo Movement in Indonesia, 20211
✓~
Source: Industry Articles, Industry Report & Ken Research Analysis | 1. Statistics Indonesia
Indonesia has over ~ islands, making it the largest archipelago in the world, and two of the most important
maritime trade routes pass through its waters
Sea Transport Overview
Indonesia Shipping Statistics, 2021 Top 3 Sea Ports in Indonesia
~ ~
~ ~
Takeaways
• ~
~ ~
Top five ~ ~
bilateral
partners ~ ~
(exports,
millions ~ ~
~
of US$)
~ ~
Source: Industry Articles, Industry Report & Ken Research Analysis I 1. United Nations Conference of Trade and Commerce
3. Indonesia ColdChain
Indonesia Cold ChainMarket
Market Overview
Overview andand Genesis
Genesis

Overview Segmentation Market Market Framework Analysis Analysis Future Outlook Methodology
Summary Overview Recommendation
The Indonesian Cold Chain Industry Ecosystem is Driven by Large Scale 3PL Companies who majorly
provides services to Fisheries and Pharmaceuticals companies
Indonesia Cold Chain Industry Supply Ecosystem
Cold Chain Market Ecosystem
Major Associations & Certifications

~
Captive Companies ~
~
3Pl Companies ~
Source: Industry Articles, Interview with Industry Experts, Ken Research Analysis
The Cold chain market is highly fragmented and is home to ~ cold transportation & storage players enabling
the market to transform over the years
Business Cycle and Genesis of Indonesia Cold Chain Market
~ ~ ~
Market Potential
▪ ~
▪ ~
▪ ~ ▪ ~
Market Nature
▪ ~
~ ~ ~
The value chain starts with the shipper providing goods for cold storage and finishes with the distribution of
temperature-sensitive goods to the retail market.
Understanding Value Chain of Indonesia Cold Chain Industry
Value Chain Analysis of Indonesia Cold Chain Market and Profit Margins Involved at Each Stage, 2021
~
~
Procurement
1 ~ ~
~
2
~
Distribution to End Users

~
~
~
3 ~
Insufficient cold storage infrastructure and lengthy shipping routes have posed challenges for distribution
in Indonesia
Major Challenges in Indonesia Cold Chain Market Value Chain
Challenges in Indonesia Cold Chain Market
❑~
❑~
❑~
❑~

Damaged Cooler/ Freezer Doors along with Condensation and Microbial Growth in Freezer are some of the
Major Challenges faced by stakeholders along the Value Chain
Major Challenges in Indonesia Cold Chain Market Value Chain
Challenges Solutions
• ~ • ~
• ~ • ~
• ~
• ~
Most of the companies use Warehouse Management System (WMS) but industry is still labor intensive and
needs to adopt more modern technologies present in other developed markets
Existing Technologies in Indonesia Cold Chain Market
~ ~
• ~ • ~
~
~
• ~
• ~
~
~
• ~
• ~
The Indonesia cold chain market is currently in the growth stage owing to rising domestic consumption of
Meat and Seafood along with increasing government initiatives and investments in the sector
Indonesia Cold Chain Market Size, 2016-2021
Indonesia Cold Chain Market grew @~ CAGR during 2016-2021 Key Takeaways
~
2016 2017 2018 2019 2020 2021

Market size (in IDR Bn) Growth Rate (%) ~
~
~
Cold chain industry is a capital intensive business with the dependence on seasonality due to perishable
processed food industry
Seasonality Trends in the Industry
Demand for Cold Chain Industry1 Harvest Months for Products
Commodity/
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Year
~
~
~
~
Jan Feb March April May June July Aug Sept Oct Nov Dec ~
Normal Demand Peak Demand
~
Changes in Price and Occupancy during Seasons

▪ ~
▪ ~
~
1.Proxy used as indices value of consumption of temperature sensitive products

Source: Industry Articles, Interview with Industry Experts, Ken Research Analysis Moderate Harvest Peak Demand/Harvest
Indonesia Cold Chain Association and Indonesian Logistics Association are the major associations in
Indonesia Cold Chain Market
Government Bodies in Indonesia Cold Chain Market (1/2)
Government Associations and Bodies
❑~
❑~
❑~
Source: Industry Articles, Industry Report & Ken Research Analysis Private and Confidential 26
Ministry of Public Works, Ministry of National Development Planning Indonesia are major regulatory bodies
that operate and manage undertakings regarding Indonesia Cold Chain Market
Government Bodies in Indonesia Cold Chain Market (2/2)
Government Associations and Bodies
❑~
❑~
❑~
Source: Industry Articles, Industry Report & Ken Research Analysis Private and Confidential 27
3. Indonesia
IndonesiaCold
ColdChain
ChainMarket
MarketOverview
Overviewandand
Genesis
Genesis

Expanding Fisheries Sector is contributing to the High Growth In Cold Chain Market with Cold Storage
accounting for over ~ of the Industry
Indonesia Cold Chain Market by Cold Storage and Cold Transport, 2016-2021
Cold Storage Segment contributed ~ of total market revenue in 2021 Key Takeaways
~
2016 2017 2018 2019 2020 2021
Cold Storage (in IDR Bn) Cold Transport (in IDR Bn)
Cold Storage Segment contributed ~ of total market revenue in 2021
~ ~
2021
Cold Storage Cold Transport
The Indonesia Cold Chain Industry is Driven by Large Scale 3PL Companies, for both storage and
transportation with cold storage dominating the industry revenue throughout the years
Indonesia Cold Chain Market Revenues by Ownership, 2021
3PL Cold Chain Companies generated ~ of revenue in Indonesia in 2021 Parameters Owned 3PL
~ ~ ~
~
~ ~ ~ ~
~
Third Party
~
Logistics ~ ~ ~
Owned
~ ~ ~
~ ~
Expansion of Modern Retail Outlets across the country has made Frozen Food more accessible leading to
increased demand for Cold Chain services in Indonesia
Indonesia Cold Chain Market Revenues by End Users, 2021
Revenue Share Revenue in IDR Key Takeaways

Major Verticals
in %, 2021 Bn, 2021
~ ~ ~
~
~ ~ ~
~ ~ ~
~
~ ~ ~
~ ~ ~
~
~ ~ ~

Indonesia Cold Storage Market comprises of more than ~ players competing on the basis of pallet positions,
technologies, clients and location of warehouses
Indonesia Cold Storage Market Ecosystem
Indonesia Cold Storage Market Supply Side Ecosystem
~
~
The market size of Indonesia cold storage industry in terms of volume amplified and reached an
approximate cold pallet position of ~ in 2021
Indonesia Cold Storage Market Size, 2016-2021
Indonesia Cold Storage Market Revenue grew ~ CAGR (2016-2021) Cold Storage Pallets grew ~ CAGR during 2016-2021
2016 2017 2018 2019 2020 2021 2016 2017 2018 2019 2020 2021
Market Size (in IDR Bn) Growth Rate (%) Number of Pallets
Key Growth Drivers
▪ ~
Source: Industry Articles, Interview with Industry Experts, Ken Research Analysis | The
market size has been calculated from revenue generated by non-captive cold storage logistics companies in Indonesia offering a temperature range of +10C to -40C in all
the accredited cold storage warehouses owned and operated by them. For more information, click here.
The weighted average price of cold storage pallet is ~ per day in 2021 with average occupancy being ~ in
Indonesia Cold Storage Market
Indonesia Cold Storage Market Size by Price and Occupancy Rate (in %), 2016-2021
Price/pallet/day has increased from ~ in 2016 to ~ in 2021 Occupancy Rate has fluctuated from ~ in 2016 to ~ during 2016-2021
2016 2017 2018 2019 2020 2021 2016 2017 2018 2019 2020 2021
Price per pallet per day in IDR Occupancy Rate (in%)
Key Takeaways
▪ ~
With the growing competition in the market, the need for an efficient supply chain and cold storage services
has increased manifold
Indonesia Cold Storage Market Segmentation by Automation (By Pallets), 2021
Indonesia Cold Storage Market is currently dominated by Non-Automated Pallets Approaches to Automation Integration
~
~ ~
Automated
Pallets
Non-automated
Pallets ~
• ~
▪ ~
Indonesia Cold Storage Industry Is Experiencing A New Wave Of Technological Developments Which
Increase Efficiency and Reduce Wastage
Automation in Cold Storages in Indonesia
Automation in Cold Storages Key Benefits of Automation
Why Automate?
~
1
~
2
• ~ • ~ • ~
~
3
~
4 ~
~ ~
5 ~
~ ~
~
6
~ ~
Freezers are the dominant category in Indonesia Cold Storage Market accounting for ~ followed by Chiller and
Ambient Pallets
Indonesia Cold Storage Market Segmentation by Temperature Range, 2021
Frozen Pallets contributed ~ of total capacity in the market in 2021

Temperature Ambient Chillers Frozen
~ ~ ~ ~
~
~ ~ ~ ~
~
~ ~ ~ ~
~
~ ~ ~ ~
Major Growth Drivers
▪ ~
Source: Interviews Conducted with Industry Experts, Ken Research Analysis

Ambient Storage: This includes cold storage facilities that offer a temperature range of 0C to +10C., Chiller Storage: This includes cold storage facilities that offer a temperature range of 0C to -12C only, Frozen Storage: This includes cold
storage facilities that offer a temperature range of -12C or colder, Blast Freezing: This is the cold storage process that usually lasts for 4 hours and offers a temperature range of -25C to -40C for quick freezing of products.
Strong End User Demand & High Segments such as Meat and Seafood is supporting the growth of the cold
storage industry in Indonesia
Indonesia Cold Storage Market Segmentation by End Users, 2021
Revenue Revenue,
Major Verticals Type of Products Type of Service Required Key Takeaways
Share, 2021 2021
~ ~ ~ ~ ~
~ ~ ~ ~ ~
~ ~ ~ ~ ~ ~
~ ~ ~ ~ `
~ ~ ~ ~ ~
Jakarta, Bekasi and Medan are considered as most Prominent Regional Cluster for Cold Storage
Penetration in Indonesia
Indonesia Cold Storage Market Segmentation by Region, 2021
Moe than 42.8% of Cold Storage revenues are generated from Jakarta in 2021 Key Takeaways
~ ~
~
~
~ ~
Cities Revenue, 2021(%) Revenue, 2021 (IDR Bn)
~ ~ ~
~ ~ ~ ~ ~
~ ~ ~
~ ~ ~
Note: Others include other cities of Indonesia are Tangerang, Surabaya, Makasar, Pekanbaru and others.
Jakarta has the highest population in Indonesia and leads the country in Industry, with occupancy rate
between ~
Cross Comparison of Major Cities (Jakarta, Bekasi and Medan) in Indonesia Cold Storage Market
Parameters Jakarta Bekasi Medan

~ ~ ~ ~
~ ~ ~ ~
~ ~ ~ ~
~ ~ ~ ~
~ ~ ~ ~
~ ~ ~ ~


Overview Segmentation Market Framework Analysis Analysis Future Outlook Methodology
Summary Overview Market Recommendation
Due to high number of Imports and Exports, the Cold Transport Industry in Indonesia is in its growth stage
with a New Large Players Dominating the Industry
Overview of Indonesia Cold Transportation Industry
Ecosystem of Transportation Companies (40-50)
Market Features and Behavior
Market Potential Market Stage Market Nature
~ ~ ~
Hub to Spoke Model is Gaining more Popularity in Road Freight Sector with Growing Prominence of E-
commerce Orders in Indonesia Cold Transport
Value Chain Analysis of Indonesia
~ ~ ~
~ ~ ~
~ ~ ~ ~
Source: Ken Research Analysis

*: % refers to the % Revenue earned by logistic Companies in each delivery phase
Due to the extreme weather conditions, moving colds chain commodities such as Pharmaceutical and Dairy
Products within Indonesia always bears a higher risk
Challenges and Opportunities in Indonesia Cold transportation Market
Temperature controlled Transportation Challenges
~
Dairy Products
~
~
~
Meat/ seafood
~
~
Opportunities
Fruits and Vegetables
~
~
Pharmaceuticals
~ ~
The main growth drivers for the cold transport market in Indonesia have been an increase in 3PL Services
for reefer trucks and an increase in fast food demand from quick service restaurants.
Indonesia Cold Transport Market Revenue, 2016-2021
Indonesia Cold Transport market grew ~ CAGR during 2016-2021 Number of Reefer Trucks grew from ~ in 2016 to ~ in 2021
~
~
~
Average Transit Time and Shelf Life for Meat during Cold Transport
Transit Time Typical Shelf

Cold Transport
(Days) Life (Days)
~ ~ ~
2016 2017 2018 2019 2020 2021 ~ ~ ~
Market Size (in IDR Bn) Growth Rate (%) ~ ~ ~
Source: Industry Articles, Interview with Industry Experts, Ken Research Analysis | Indonesia
cold transport market has been defined as the summation of revenues earned by non-captive cold transport companies offering a temperature range of +10C to -40C
for products such as meat and seafood, fruits and vegetables, vaccines and pharmaceuticals, dairy, bakery and confectionary and several others to domestic and international market by land, sea and air cold transport. The revenue streams
considered include freight forwarding, loading and unloading, distribution and last mile delivery services. For more information, click here. Private and Confidential
The Cold Transport Industry is dominated by ~ foot Reefer Trucks and ~ foot reefers are usually used for
inbound transportation in Indonesia
Indonesia Cold Transport Market Segmentation by Type of Reefer Truck, 2021
Reefer Vans/Trucks with ~ Tons dominated the Indonesia Cold Transport Market in 2021 Key Takeaway
Number of Km Travelled Price for Transport,

Fleets, 2021 Per trip 2021
~
~ ~ ~
~
~
~
~ ~
~
~ ~ ~
~
Indonesia is working on building a strong Road Network, but Marine Transport still accounts for the Majority
of goods imported into the Nation
Indonesia Cold Transport Market Segmentation by Mode of Transportation, 2021
Land Transport dominated the Indonesia Transportation Market Revenue in 2021
LAND SEA AIR Key Takeaway
Revenue, ~ ~ ~
2021
~
Trading ~ ~ ~
Partners
Major ~ ~ ~
Products
Indonesia is planning to become major maritime hub of the world, by introducing projects like Sea Toll
Project, Master Plan for ASEAN Connectivity, still majority revenue comes from Domestic Transportation
Cold Transport Market Segmentation by Location & Vicinity, 2021
Majority of the revenue is generated through Domestic Transportation in 2021 Intercity transport accounted for ~ of the Domestic Revenue in 2021
Inter City Transport Intra City Transport

~ ~
~
~
~ ~
Key Takeaway
▪ ~
Meat & Seafood sector accounted for majority of the revenue share in cold transport market in 2021 followed
by Pharma, Processed Frozen Foods and Dairy Sector
Indonesia Cold Transport Market Segmentation by End Users, 2021
Revenue Share Revenue in IDR Sourcing for

Major Verticals Type of Trucks Used Key Takeaway
in %, 2021 Bn, 2021 Transportation
~ ~ ~ ~ ~
~ ~ ~ ~ ~
~ ~ ~ ~ ~ ~
~ ~ ~ ~ ~
~ ~ ~ ~ ~

Executive Country Indonesia Cold Chain Cold Chain Cold Storage Competition Industry End User Analyst Research
Cold Transport Future Outlook
Summary Overview Overview Segmentation Market Framework Analysis Analysis Recommendation Methodology
Market
Kiat Ananda Group is capitalizing the market opportunity and GAC Samudera Cold Chain Logistics is
moving towards opportunity area by covering maximum provinces by the cold storage warehouses
Market Positioning Analysis of Major Cold Chain Players in Indonesia
Market Positioning Analysis of Major Cold Chain Players in Indonesia
~ Key Takeaway
~
~
~ ~
~
▪ ~
Market
Indonesia cold chain market is a highly fragmented with Kiat Ananda Cold Storage dominating the market
contributing ~ of the share in 2021
Market Share of Major Cold Chain Players in Indonesia
Market Share of Major Cold Chain Players in Indonesia on the basis of Number of Pallets
Key Points Administered in the Market
Occupancy Rate, Client Base, Fleet ~

Size, Cold transport services and
~
Total Pallet Positions, No. of Cold
Competition Storage Warehouses Product and Competition ~ ~
Parameters Services Market Leader Scenario
Source: Industry Articles, Industry Report & Ken Research Analysis I Note : Others include Pluit Cold Storage, PT, Wira Logitama Saksama, United Refrigeration, PT, PT. Tunas Perkasa, Darta Logistics, PT and more.
Market
Largest Pallet Capacity, Specialized logistics solutions and strategic warehouse locations are some of the
key strengths of the cold chain players in Indonesia
Strengths and Weakness of Major Cold Chain Players in Indonesia (1/2)
Basis Strengths Weakness
▪ ~ ▪ ~
▪ ~ ▪ ~
▪ ~ ▪ ~
▪ ~ ▪ ~
▪ ~ ▪ ~
Source: Industry Articles, Industry Report & Ken Research Analysis, Note: Indexed on the basis of total pallet position
Market
Unable to compete with other top 5 players owing to lack of cold transport business for its clients and low
pallet capacity are the major weaknesses of the market players
Strengths and Weakness of Major Cold Chain Players in Indonesia (2/2)
Basis Strengths Weakness
▪ ~ ▪ ~
▪ ~ ▪ ~
▪ ~ ▪ ~
▪ ~ ▪ ~
▪ ~ ▪ ~
▪ ~ ▪ ~
Market
Majority of the cold chain players are catering to Meat and Seafood, Frozen Food, and Pharmaceuticals
Industries
Cross Comparison of Indonesia Cold Chain Market Players
Establishmen No. of Cold Storage Location of Cold Storage

Basis Services Industries Catered
t Year Warehouses, 2021 Warehouses
~ ▪ ~ ▪ ~ ~ ▪ ~
~ ▪ ~ ▪ ~ ~ ▪ ~
~ ▪ ~ ▪ ~ ~ ▪ ~
~ ▪ ~ ▪ ~ ~ ▪ ~
~ ▪ ~ ▪ ~ ~ ▪ ~
Market
Cold chain market players are operating in Jakarta, Medan and Bekasi and providing services like
Warehousing & Cold Storage and Build-to-Suit facilities transportation
Establishment No. of Cold Storage Location of Cold Storage

Basis Services Industries Catered
Year Warehouses, 2021 Warehouses
~ ▪ ~ ▪ ~ ~ ▪ ~
~ ▪ ~ ▪ ~ ~ ▪ ~
~ ▪ ~ ▪ ~ ~ ▪ ~
~ ▪ ~ ▪ ~ ~ ▪ ~
~ ▪ ~ ▪ ~ ~ ▪ ~
~ ▪ ~ ▪ ~ ~ ▪ ~
Market
Majority of the cold chain providers have more than 75% of the occupancy rate with Kiat Ananda Group
having the highest number of total pallet positions in 2021
Basis Temperature Range Offered Total Pallet Positions, 2021 Occupancy Rate (%), 2021 Cold Transport Services
▪ ~ ~ ~ ▪ ~
▪ ~ ~ ~ ▪ ~
▪ ~ ~ ~ ▪ ~
▪ ~ ~ ~ ▪ ~
▪ ~ ~ ~ ▪ ~
Market
Mega International Sejahtera has 21,000 pallet positions in 2021 with 80% of the occupancy rate providing
range of temperature from 0 to -25 Degree Celsius
Basis Temperature Range Offered Total Pallet Positions, 2021 Occupancy Rate (%), 2021 Cold Transport Services
▪ ~ ~ ~ ▪ ~
▪ ~ ~ ~ ▪ ~
▪ ~ ~ ~ ▪ ~
▪ ~ ~ ~ ▪ ~
▪ ~ ~ ~ ▪ ~
▪ ~ ~ ~ ▪ ~
Market
Top cold chain players are catering to the clients like Nestle, Pizza Hut, Mc Donalds and KFC in the country
Basis Clientele Certifications, 2021 Automation Future Growth
▪ ~ ▪ ~ ▪ ~ ▪ ~
▪ ~ ▪ ~ ▪ ~ ▪ ~
▪ ~ ▪ ~ ▪ ~ ▪ ~
▪ ~ ▪ ~ ▪ ~ ▪ ~
▪ ~ ▪ ~ ▪ ~ ▪ ~
Market
Market players of cold storage in Indonesia are using WMS, SAP, client’s system for warehouse
management and other type of inventory management systems
Basis Clientele Certifications, 2021 Automation Future Growth
▪ ~ ▪ ~ ▪ ~ ▪ ~
▪ ~ ▪ ~ ▪ ~ ▪ ~
▪ ~ ▪ ~ ▪ ~ ▪ ~
▪ ~ ▪ ~ ▪ ~ ▪ ~
▪ ~ ▪ ~ ▪ ~ ▪ ~
▪ ~ ▪ ~ ▪ ~ ▪ ~

Market
Expanding Fisheries Market, Shortage of Freezer Storages, and Rising Demand for Frozen Food, Import of
Meat and Seafood will drive the Indonesia Cold Chain Market forward
SWOT Analysis of Indonesia Cold Chain Market
STRENGTHS WEAKNESS
• ~ S • ~
OPPORTUNITIES O THREATS
• ~
• ~
T
Market
A VAT rate of ~ is applicable on all goods and services and Concessions like FTZ, FTA, Bonded Zones are
provided to investors
Regulatory Landscape of Indonesia Cold Chain Market
VAT and Tax Exemptions Tariff Rate Quota
~ ~
▪ ~
~ • ~
Duty Relief / Exemption/ Deferral

~ • ~
~ • ~
▪ ~
~ • ~
Market
Indonesia cold chain market is driven by the rising domestic consumption of meat, growing fisheries sector
and expansion of existing cold storages
Growth drivers of Indonesia Cold Chain Market
Growth drivers of Indonesia Cold Chain Market
~
~
~
~
~
~
~
~
Source: Industry Articles, Industry Report & Ken Research Analysis I 1. Asosiasi Rantai Pendingin Indonesia I 2. Statista
Market
Technological Advancement leading to Greater Efficiency and a Greener Environment, State of Art New
Technology Integrated Cold Chain will Drive the New Supply Addition in Future
Technological Advancements in the Indonesia Cold Chain Market
Technological Advancements in the Indonesia Cold Chain Market
~
2
3 1
4
~ ~ ~ ~
~ ~
6
~
~
5 ~
Source: Industry Articles, Industry Report & Ken Research Analysis 66

Market
Lack of Infrastructure, Energy Crisis, Rigorous policies, slow growth, and high costs associated with
logistics are major reasons which directly affects cold chain logistics
Issues and Challenges in the Indonesia Cold Chain Market
Issues and Challenges in the Indonesia Cold Chain Market
High Cost Associated with Operations

▪ ~
Energy Crisis
~
▪ ~
Rigorous Regulations
~ ▪ ~
Lack Of Infrastructure Capability

~
▪ ~
Market
Traceability in the food supply chain has been implemented on a large scale in recent years, such as in the
agricultural sector the plantation sector and the fisheries/aquatic sector
Recent Trends in the Indonesia Cold Chain Market
Recent Trends in the Indonesia Cold Chain Market
~ ~ ~ ~ ~
▪ ~ ▪ ~ ▪ ~ ▪ ~ ▪ ~
9. End
End User
UserAnalysis
AnalysisofofIndonesia
Indonesia
Cold
Cold
Chain
Chain
Market
Market

Market
The majority of food consumed in Indonesia is in Chill (-10 to 0 degrees Celsius), with a maximum storage
time of a few weeks to months
Key Temperature Controlled Products with different Shelf Lives
Key Temperature Controlled Products with Different Shelf Lives Key Temperature Controlled Product with Temp-Range
Product
Maximum
Frozen (less Chill (-10 to Mild Chill (0
Normal Product Holding Life
Storage (more than ~ ~
Category than -10°C) 0°C) to 20°C) >1 Year ~
Time 20°C)
~ ~
~ ~ ~
~ ~
<6
~ ~ ~ ~ ~ ~ ~
Months
~
~
~
~
~ ~ ~ ~
~
~ ~ ~
~ ~ <1
~
Month ~
~
~ ~
~ ~ ~
~ ~ ~
~
<1 ~ ~
~ ~ Week ~
<-20 -15 -10 -5 0 5 10 15 20 >20

~ ~
Temperature in oC
Source: Industry Articles, Industry Report & Ken Research Analysis Stored in Temperature Range
Market
When choosing a cold chain service provider in the Indonesia cold chain sector, consistent, reliable service
levels are crucial factors
In-Depth Analysis for Cold Storage in Indonesia
In-Depth Analysis for Cold Storage in Indonesia Fruits & Meat & Dairy/
Pharmaceuticals
Vegetables Seafood Frozen Desserts
▪ ~
Cost
▪ ~
Quality
▪ ~
Capacity
▪ ~
Timeliness
▪ ~
Location
Source: Industry Articles, Industry Report & Ken Research Analysis High Low
Market
Strong IT base, contingency plan are considered very important parameters considered while selecting a
cold chain transport partner
Decision Making Parameter for Selecting Logistics Vendor
In-Depth Analysis for Cold Transport in Indonesia
~ • ~
~
• ~
~
• ~
~ • ~
~ ▪ ~

~ ~ ~ Private and Confidential 72
Market
Indonesia meat and seafood market is expected to generate ~ by 2026 and grow at a CAGR of ~ with past
clientele experience and blast freezing services as the decision making factors
Indonesia Meat and Seafood Market
Indonesia Meat and Seafood Market Revenue in IDR Tn, 2016-2021 Meat and Seafood Companies End User Analysis
Pain Points of the Clients
~ ~ ~
2016 2021 2026F

Indonesia Meat and Sea Food Market (USD Bn) Growth Rate (%)
Major Success Factors for End Users’ Consideration Decision Making Factors
~ ~ ~ ~ ~
~
Source: Industry Articles, Industry Report & Ken Research Analysis I 1. Trade Gov
Market
Indonesia Convenience Food Market will grow @ CAGR of ~ from 2021 to 2026F majorly due to shift in
consumption patterns post pandemic
Indonesia Convenience Food Market
Indonesia Convenience Food Market Revenue in IDR Bn, 2016-2021 Convenience Food Market Companies End User Analysis
Pain Points of the Client Decision Making Factors
~ ~
2016 2021 2026F

Indonesia Convenience Food Market (IDR Tn) Growth Rate (%)
Facilities Required
Convenience Food Market Future Outlook ~
• ~
Market
Indonesia Dairy Product Market is expected to generate ~ and have ~ CAGR by 2026F with the help of the
Local Governments, Strong Firm Relations and Quality Assurance
Indonesia Dairy Products Market
Indonesia Dairy Products Market Revenue in IDR Tn, 2016-2021 Dairy Products Companies End User Analysis
Major Parameters
~ ~ ~ ~
2016 2021 2026F

Indonesia Dairy Products Market (IDR Tn) Growth Rate (%) Facilities Required
Decision Making Parameters of Companies ~ ~ ~
Future Outlook
• ~
~ ~
Market
Indonesia Pharma Market generated ~ 2021 with major Deciding Parameters being Temperature Range
Requirements, Location Preference and Lock-in Period of Contract
Indonesia Pharma Market
Indonesia Pharma Market Revenue in IDR Tn, 2016-2021 Pharma Market Companies End User Analysis
CAGR ~ Major Challenges
~
~
Decision Making Factors
~ ~
2017 2018 2019 2020 2021
Indonesia Pharma Market (IDR Tn) Growth Rate (%)

Market
Indonesia Cold Chain Market is Expected to Generate ~ in 2026F due to government’s ambitious plans for
Fourth Industrial Revolution (4IR) through its Making Indonesia 4.0 Roadmap
Future Market Sizing of Cold Chain Industry, 2021-2026F
Indonesia Cold Chain Market expected to grow ~ CAGR during 2021-2026F Key Takeaways
• ~
2021 2022F 2023F 2024F 2025F 2026F
Market Size (in IDR Bn) Growth Rate (%)
Market
Cold Storage Segment is Expected to Generate ~ in Revenue due to increase approach towards
outsourcing, in 2026; 3PL is expected to own ~ of market share in the forecasted year
By Market Type and By Ownership, 2026F
Cold Storage Segment expected to contribute ~ of total market revenue in

Segmentation of Indonesia Cold Chain Market By Ownership, 2026F
2026F
2021 2022F 2023F 2024F 2025F 2026F

3PL Cold Chain Facilities Owned
Cold Storage Revenue (in IDR Bn) Cold Transport Revenue (in IDR Bn)
▪ ~
Key Takeaways

Market
All End User Segments are expected to register a robust CAGR in the Indonesia Cold Chain Market in the
forecasted period 2021-2026F, with Meat and Sea Food having the highest CAGR of ~
By End User, 2026F
Cold Chain Revenue (In Cold Chain Revenue (In Cold Chain CAGR, 2021-
Major Verticals
IDR Bn), 2021 IDR Bn), 2026F 2026F
Key Takeaway
~ ~ ~ ~
~ ~ ~ ~
~
~ ~ ~ ~
~ ~ ~ ~
~ ~ ~ ~


Market
Indonesia Cold Storage Revenue is expected to grow at a CAGR of ~ over 2021-2026, Generating ~ in 2026F
Due to Increase in Demand, Automation and Government Support
Future Cold Storage Market Sizing
Indonesia Cold Storage Market Revenue (2021-2026F) Key Takeaways
CAGR ~
✓~
2021 2022F 2023F 2024F 2025F 2026F
Market Size (in IDR Bn) Growth Rate (in %)

Market
Indonesia’s Cold Storage Market Price and Usage is Expected to Rise Steadily, with Pallet Volumes Expected
to Grow by ~ between 2021 and 2026 due to Increasing Demand and Undersupply
Future Cold Storage Market Sizing
Cold Storage Pallets (In Thousands), 2021-2026F Cold Storage Market Price, 2026F Indonesia Cold Storage Occupancy Rate, 2021-2026F
CAGR ~ Average Price per pallet

per Day (in IDR)
2026F
~
2021
2021 2022F 2023F 2024F 2025F 2026F 2021 2022F 2023F 2024F 2025F 2026F
Number of Pallets (in '000) Growth Rate (%)
Occupancy Rate (in%)
• ~
Key
Takeaways

Market
~ of the Cold Storage Revenue is expected to be generated by Jakarta in 2026F followed by Bekasi
By Major Cities, By Temperature and By Automation, 2026F
Indonesia Cold Storage Market by Indonesia Cold Storage Market by

Indonesia Cold Storage Market By Major Cities, 2026F Automation, 2026F
Temperature Range, 2026F
~
~ ~
Key Takeaways
• ~
Others include other cities of Indonesia such as Tangerang, Surabaya, Makasaar, Pekanbaru, Nusantara and others
Market
Meat and Seafood and Processed Frozen Foods is expected to register the highest CAGR of ~ with Meat and
Seafood Contributing ~ to Overall Market Revenue
By End User, 2026F
Cold Storage Revenue (In Cold Storage Revenue (In Cold Storage CAGR, 2021-
Major Verticals
IDR Bn), 2021 IDR Bn), 2026F 2026F
Key Takeaway
~ ~ ~ ~
~ ~ ~ ~
▪ ~
~ ~ ~ ~
~ ~ ~ ~
~ ~ ~ ~


Market
Indonesia Transport Market is expected to grow at a CAGR of ~ by 2026F thereby increasing the number of
Reefer Trucks at a CAGR of ~ by 2026F
Indonesia Cold Transport Market Revenue, 2021-2026F
Indonesia Cold Transport Market Revenue (2021-2026F) Number of Reefer Trucks grew from 5,026 to 6,463 in 2026F
CAGR ~
~ ~
~ ~
2021 2022F 2023F 2024F 2025F 2026F 2021 2026F

Market Size (in IDR Bn) Growth Rate (%)
▪ ~

Market
Reefer Vans/Trucks and Land Transportation will dominate Indonesia Transportation Market in 2026F
Future Segmentation by Reefer Trucks and Mode of Transportation, 2026F
Segmentation by Reefer Vans/Trucks with 1 to 20 Tons in the Indonesia Cold Land Transport will dominate the Indonesia Transportation Market
Transport Market in 2026F Revenue in 2026F
Number of CAGR (2021- ~

Fleets, 2026 2026F)
~ ~ ~
~ Land Sea Air

~
~
Revenue,
~ ~ ~
~ 2026F
Key Takeaways
~ ~ • ~
~

Market
Majority of the Revenue in 2026F will be through Domestic Transportation out of which Inter City Transport
holds the majority share
Future Market Segmentation by Location & Vicinity, 2026F
Majority of the revenue will be generated through Domestic Transportation in

2026F Intercity transport will account for ~ of the Domestic Revenue in 2026F
Inter City Transport Intra City Transport

~
~ ~
Domestic International
Key Takeaway
▪ ~

Market
Revenue from Meat and Seafood will dominate the Market by 2026F but CAGR for Dairy Products will be the
highest in 2026F
Future Segmentation by End User, 2026F
Cold Transport Cold Transport Cold Transport

Major Verticals Key Takeaway
Revenue, 2021 Revenue, 2026F CAGR 2021-2026F
~ ~ ~ ~
~ ~ ~ ~
~ ~ ~ ~
~ ~ ~ ~
~ ~ ~ ~


Market
Jakarta Strategic Closeness to the Port along with increase in Imports & Exports of Meat and Seafood
Products Highlights the Potential for setting up a Cold Storage
Recommendations to set up a Cold Chain Unit in Indonesia
Jakarta is a Strategic Location to set up a cold storage unit in Indonesia ..with ~ Pallet Positions Cold Storage to cater to various end-users
Key Takeaway ▪~
Ideal Pallet
Positions
▪~
Temperature
~ Range
Why Gauteng? ▪~
Occupancy
Rate
~ ~ ~ ▪~
Target
End-Users

Market
Advanced sortation systems, Drones, IoT and Automated guided vehicles are some of the emerging
technologies in the Indonesia Cold Chain Market
Emerging Technologies in Indonesia Cold Chain Market
Advanced Sortation
~ Systems
~
~ ~
Automated Guided
~ Vehicles (AGVs) ~
~ ~
~ ~
~ ~

Market
Improving Technology, Increasing Storage and Transportation Facilities and Tying Up with End User
Companies will prove to be beneficial for the Cold Chain Companies
Analyst Recommendation for Cold Chain Market
~ ~ ~

Market
Training Personnel, Increasing Tie-Ups with End-Users and Expanding in Cities with Untapped Potential will
prove to be beneficial for the Cold Chain Companies
Analyst Recommendation for Cold Chain Market
Increase Tie-ups with Various End-User

Companies
~ ~ ~
Rationale: Cold storage and transport
services vary on the basis of capacity,
product range catered, temperature range
and other integrated services.
Implementation: Cold chain companies

can tie-up with the producers of
temperature-sensitive products. And also
collaborate with modern grocery retail
stores which require supply of temperature-
sensitive product on a frequent basis.


Market
Research Methodology (1/8)

Market Definitions and Assumptions
Market Definitions
Particulars Definitions
▪ Indonesia cold chain market has been defined as the sum total of revenues earned by all accredited non-captive domestic cold chain service
providers in the country for cold storage and transport services to manufacturers, retailers, farmers and several other entities. The market includes all
Indonesia Cold
types of end user industries such as meat and seafood, vaccines and pharmaceuticals, fruits and vegetables, bakery and confectionary, dairy
Chain Market
products and several others. Temperature range considered for cold storage facilities are +10C to -40C. Revenues generated from captive storage
and transport facilities have not been taken into consideration while defining the market.
▪ The market size has been calculated from revenue generated by non-captive cold storage logistics companies in Indonesia offering a temperature
Indonesia Cold range of +10C to -40C in all the accredited cold storage warehouses owned and operated by them. The revenue stream considered in cold storage
Storage Market includes leasing revenues, packaging, labeling, loading and unloading charges, temperature monitoring services and other support services offered by
cold storage companies.
▪ Indonesia cold transport market has been defined as the summation of revenues earned by non-captive cold transport companies offering a
Indonesia Cold
temperature range of +10C to -40C for products such as meat and seafood, fruits and vegetables, vaccines and pharmaceuticals, dairy, bakery and
Chain Transport
confectionary and several others to domestic and international market by land, sea and air cold transport. The revenue streams considered include
Market
freight forwarding, loading and unloading, distribution and last mile delivery services.
Ambient Storage ▪ This includes cold storage facilities that offer a temperature range of 0C to +10C.
Frozen Storage ▪ This includes cold storage facilities that offer a temperature range of -12C or colder. It also includes chillers which can be converted to freezers.

Market

Chiller Storage ▪ This includes cold storage facilities that offer a temperature range of 0C to -12C only and are non-convertible to any other temperature range.
Blast Freezing ▪ This is the cold storage process that usually lasts for 4 hours and offers a temperature range of -25C to -40C for quick freezing of products.
Processed Fruits and ▪ The market has been defined as the revenue from domestic retail sales of processed fruits and vegetables such as apples, bananas, berries,
Vegetables grapes, kale, sprouts, onions, carrots and lettuce including both domestically produced and internationally imported by vendors.
▪ The market has been defined as the revenue from domestic retail sales of dairy products such as butter and margarine, drinking milk products,
Dairy Products Market
cheese, yoghurt and sour milk drinks including both domestically produced and internationally imported by vendors.
▪ The market has been defined as the revenue generated from domestic retail sales of processed meat and meat products such as poultry;
Processed Meat and
fisheries and aquaculture/aquatic products such as shrimps, fishes, prawns and crabs including both domestically produced and internationally
Seafood Market
imported by vendors.
Indonesia Imported
▪ The market has been defined as the revenue from domestic retail sales of only imported pharmaceuticals by vendors including vaccines that
Pharmaceuticals
have to be kept in cold storage facilities for their maintaining effectiveness.
Market
▪ These cold storage warehouses are owned and controlled by individual companies or conglomerates for their own use of storing products. The
Captive/Owned owned market has been defined as those transactions under which cold chain demand with cold chain logistic company is generated through
Warehouses direct end users (for instance meat and sea food processing co. approaching cold storage company). These transactions are not captured as a
part of our market definition.

Market

▪ These cold storage warehouses are owned and controlled by logistics companies. They use them for renting out to customers requiring cold storage
Non-captive solutions. Cold storage companies get business from two prominent sources: intermediaries, which can be trading companies or
Warehouses consultants/contractors/3PL companies. Transactions done with the former are termed as 3PL Transactions and with the latter are termed as Non-
captive Transactions.
Automated Cold ▪ These cold storages have been defined as establishments providing services such as RFID, WMS and ASRS for pallet ID, product tracking and
Storage pallet racking services respectively.
Non-automated ▪ These cold storages have been defined as establishments which lack one or more services among RFID, WMS and ASRS for pallet ID, product
Cold Storage tracking and pallet racking services respectively
Domestic
▪ Domestic cold transport refers to cold transport requirement that is met within the Indonesia
Transport
International
▪ International cold transport refers to cold transport requirement that is met outside Indonesia
Transport

Market

Abbreviations
Abbreviations
• 3PL: Third Party Logistics • CAGR: Compounded Annual Growth Rate • FEFO: First Expiry First Out
• AGV: Automated Guided Vehicles • CATI: Computer Assisted Telephonic • FIFO: First In – First Out
• ARPI: Asosiasi Rantai Pendingin Indonesia Interviews
• FLW: Food Loss and Waste
• ASEAN: Association of Southeast Asian • CBM: Cubic Meters
• FSR: Full Service Restaurants
Nations • CCAP: Cold Chain Association of Indonesia
• GCCA: Global Cold Chain Alliance
• ASRS: Automated Storage and Retrieval • CCTV: Closed Circuit Television
System • GFDRR: Global Facility for Disaster Reduction and
• COD: Cash on Delivery Recovery
• ATI: Asian Terminals Incorporated
• CPCN: Certificate of Public Convenience and • GMP: Good Manufacturing Practices
• BFAR: Bureau of Fisheries and Aquatic Necessity
Resources • GOP: Good Operating Practices
• CSW: Cold Storage Warehouses
• BOI: Board of Investments • GWh: Gigawatt per Hour
• E: Estimated
• BPO: Business Processing Outsourcing • GWP: Good Warehousing Practices
• EDF: Environmental Defense Fund
• C: Celsius • HACCP: Hazard Analysis Critical Control Point
• ERP: Enterprise Resource Planning
• CAB: Civil Aeronautics Board

Market

Market Sizing Approach
▪ The research team framed a hypothesis about the market through an analysis of
existing industry factors obtained from company reports, magazines, journals, Indonesia Cold Chain Market Ecosystem:
online articles, ministries, government associations and data from the NMIS,
IMF and World Bank, among others. • Kiat Ananda Cold Storage, PT
• Enseval Putra Megatrading Tbk, PT
• GAC Samudera Cold Chain
▪ The market size was estimated based on the industry-wide number of cold
Logistics Services
storage pallet positions, average price per pallet per day, and annual average • Mgm Bosco Logistics, PT
occupancy rate to estimate the annual revenue earned by cold storage • Sukanda Djaya, PT
businesses across the country. The cold storage market was then taken as a part • Mega Internasional Sejahtera, PT
of the overall cold chain business and the overall size of the market was • Dua Putera Perkasa Pratama
evaluated. Both public and proprietary databases were referred to define each • Winson Cold Storage
market and collect data points about the same. • Savina Cold Storage
• PT Perikanan Indonesia
• Wahana Cold Storage, PT
• The research team then conducted CATIs with several industry veterans • Agung Cold Storage
including decision makers from Kiat Ananda Group, Enseval Putra Megatrading • Expravert Nasuba, PT
Tbk, PT, GAC Samudera Cold Chain Logistics Services, Mgm Bosco Logistics, • PT. RUANGAN PENDINGIN INDONESIA
PT and others in the ecosystem to get their insights on market and justify the • PT. Indomaguro Tunas Unggul
hypothesis framed by the team. • PT Halal Logistic Multi Terminal Indonesia
▪ Owing to availability of previously estimated numbers for cold storage market in • Pluit Cold Storage, PT
Indonesia from multi-factor regression model run on SPSS and poll opinions; our • Wira Logitama Saksama
team projected the future outlook of cold chain industry by understanding growth • United Refrigeration, PT
in number of pallets for cold storage companies • PT. Tunas Perkasa
• Darta Logistic, PT

Market

Consolidated Research Approach
Secondary Research Primary Research Sanity Checking
▪ Data & Insights gathered from following ▪ Computer assisted telephonic interviews (CATIs) with over ▪ Desk Research: Desk research to review the number of
sources- 30+ Companies. Individuals contacted from major cold storage units/warehouses, number of cold storage
companies include : pallets, trading and production of cold storage products
▪ Company Reports, • Kiat Ananda Cold Storage, PT such as meat, seafood, fruits and vegetables,
▪ Magazines, • Enseval Putra Megatrading Tbk, PT warehouses by location, financial and operating
• GAC Samudera Cold Chain parameters for captive and non-captive companies
▪ Journals Logistics Services
▪ Articles And Company Profiles • Mgm Bosco Logistics, PT ▪ Interviews with cold storage captive & non captive
• Sukanda Djaya, PT companies and government associations
▪ Online articles • Mega Internasional Sejahtera, PT
▪ Indonesian Government, Africa Ports, • Dua Putera Perkasa Pratama ▪ Target audience for interviews (Business Development
• Winson Cold Storage Head/Founder and C-Level Executives): conducted
International Monetary Fund (IMF) and • Savina Cold Storage interviews with management of cold chain companies
World Bank • PT Perikanan Indonesia and potential companies in industries with cold storage
• Wahana Cold Storage, PT requirements including, but not limited to, food
▪ NMIS and others • Agung Cold Storage manufacturing or processing, restaurants and kitchens,
• Expravert Nasuba, PT groceries and food transport belonging to executives at
• PT. RUANGAN PENDINGIN INDONESIA General Manager, Sales Manager and Regional Head
level designations.

Market

Sample Size Inclusion
Table: Sample Size by Stakeholders

By Stakeholders Sample Size (Out of 200+ respondents)
70-90 Respondents;
Cold Storage Facilities
Cold Storage Facility management (Including Captive and Non Captive Companies)
Food manufacturing or Processing,
Restaurants and Kitchens, Groceries and 100+ Respondents;
Food transport
15-20 Key opinion leaders belonging from different Cold Storage Facilities, Logistics Experts,
Industry Experts
Associations and Consultants.
Table: Sample Size by Respondent Category in Percentage (%)
Sample Size C Level Executives
By Respondent Category
(Out of 200+ Respondents)
8.0%
C Level Executives 24% 24.0% Director and VP
Director and VP 8%
Key Account Managers and Business Key Account Managers and
60% 8.0%
Development Managers Business Development
Managers
Others (includes operational heads, 60.0%
8% Others (includes operational
sales heads and more)
heads, sales heads and more)
Total 100%

Market

Limitations and Future Conclusion
Research Limitations
▪ Market size has been estimated on the basis of modeling. Multiple interviews with non-captive cold chain companies were conducted to
understand the total number of cold storage pallets that they have across all their locations in Indonesia. Subsequently, aggregate
occupancy rate for the pallets across the year and average price per pallet per day being charged in the industry were also validated.
Additionally, we have taken the information regarding the total number of accredited cold storage warehouses in Indonesia from the NMIS.
All these factors have been considered and market size of cold storage market in the Indonesia has been evaluated. It could be the case
that the numbers provided by cold chain industry experts are overestimated or underestimated.
▪ Revenues of major players in the market have not been showcased in the report as all the players were unwilling to share such confidential
information regarding the company.
▪ The values of market segmentations might not add up to the total value due to estimated values containing decimals as well.
Future Analysis Conclusion
▪ The conclusion regarding the expected value of dependent variable is determined by using the regression model, moving average,
subjective judgment, primary research and insights from poll opinion method derived from multiple industry experts. This was backed by
analyzing macro-economic changes such as growth in population and infrastructure expenditure, and analyzing market potential and other
growth trends. The impact of these factors on the market was reconfirmed from industry veterans and analysis conducted by in house
analyst expert’s in the Logistics Industry.
▪ The result from SPSS has been rejected due the false results from the data because of external factors and did not consider the impact of
Covid pandemic on the future economic scenario.
▪ Population growth, infrastructure investment and total growth forecast have been taken into paint a comprehensive picture of the future
outlook of the industry.

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Indonesia Cold Chain Market Outlook

Executive Summary of Indonesia Cold Chain Market 8

2. Country Overview and Infrastructure Analysis of Indonesia 9

Country Overview of Indonesia 10

Indonesia Population Analysis, 2021 11

Cross Comparison of Quality of Infrastructure of ASEAN Countries 12

Infrastructure Overview of the Indonesia 13

Road Transport Overview 14

Air Transport Overview 15

Sea Transport Overview 16

3. Indonesia Cold Chain Market Overview and Genesis 17

Indonesia Cold Chain Industry Supply Ecosystem 18

Business Cycle and Genesis of Indonesia Cold Chain Market 19

Understanding Value Chain of Indonesia Cold Chain Industry 20

Major Challenges in Indonesia Cold Chain Market Value Chain 21-22

Existing Technologies in Indonesia Cold Chain Market 23

Indonesia Cold Chain Market Size, 2016-2021 24

Seasonality Trends in the Industry 25

Government Bodies in Indonesia Cold Chain Market

Private and Confidential

4. Indonesia Cold Chain Market Segmentation 28

7. Indonesia Cold Chain Market Competition Landscape 51

8. Indonesia Cold Chain Industry Analysis 62

Private and Confidential

Indonesia Meat and Seafood Market 73

Indonesia Convenience Food Market 74

Indonesia Dairy Products Market 75

Indonesia Pharma Market 76

10. Future Outlook of Indonesia Cold Chain Industry 77

Future Market Sizing of Cold Chain Industry, 2026F 78

11. Future Outlook of Indonesia Cold Storage Market 81

Future Cold Storage Market Sizing 82-83

12. Future Outlook of Indonesia Cold Transport Market 86

Indonesia Cold Transport Market Revenue, 2021-2026F 87

Private and Confidential

13. Market Opportunities and Analyst Recommendation 91

Private and Confidential

2. Country Overview and Infrastructure Analysis of Indonesia

3. Indonesia Cold Chain Market Overview and Genesis

4. Indonesia Cold Chain Market Segmentation

5. Indonesia Cold Storage Market Overview

6. Indonesia Cold Transport Market Overview

7. Indonesia Cold Chain Market Competition Landscape

8. Indonesia Cold Chain Industry Analysis

9. End User Analysis of Indonesia Cold Chain Market

10. Future Outlook of Indonesia Cold Chain Industry

11. Future Outlook of Indonesia Cold Storage Market

12. Future Outlook of Indonesia Cold Transport Market

13. Market Opportunities and Analyst Recommendations

14. Research Methodology

Private and Confidential

2016 2021 2026F 2016 2021 2026F

Indonesia Cold Chain Market

3. Indonesia Cold Chain Market Overview and Genesis

4. Indonesia Cold Chain Market Segmentation

5. Indonesia Cold Storage Market Overview

6. Indonesia Cold Transport Market Overview

7. Indonesia Cold Chain Market Competition Landscape

8. Indonesia Cold Chain Industry Analysis

9. End User Analysis of Indonesia Cold Chain Market

10. Future Outlook of Indonesia Cold Chain Industry

11. Future Outlook of Indonesia Cold Storage Market

12. Future Outlook of Indonesia Cold Transport Market