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Keeping it Cool: KSA Cold Chain Market Booms at 8.4% CAGR, Fueled by Food Security, Pharma Growth, and Tech Innovation: Ken Research

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GURUGRAM, India, Feb. 26, 2024 /PRNewswire/ — The Kingdom of Saudi Arabia cold chain market is experiencing a frosty surge, driven by rising food security concerns, a booming pharmaceutical sector, and the adoption of cutting-edge technologies. Ken Research’s comprehensive report, KSA Cold Chain Market Outlook to 2028: Chilled for Growth, delves into this dynamic landscape, projecting a remarkable 8.4% CAGR over the next five years. This press release summarizes the key findings and offers valuable insights for investors, logistics companies, and stakeholders seeking to tap into this flourishing market. 

Market Overview: 

Several key factors are propelling the KSA cold chain market towards a bright future: 

Food Security Focus: The government’s ambitious food security goals necessitate efficient cold chain infrastructure to minimize food spoilage and waste. This includes investments in refrigerated warehouses, transportation solutions, and advanced technologies. Pharmaceutical Boom: The Kingdom’s burgeoning pharmaceutical industry requires robust cold chain solutions for transporting and storing temperature-sensitive medicines and vaccines. This presents a significant opportunity for specialized cold chain logistics providers. E-commerce Growth: The rise of e-commerce for perishable goods like groceries and pharmaceuticals is driving demand for last-mile cold chain solutions. This necessitates the development of efficient and cost-effective delivery networks. Rising Disposable Incomes: Increasing disposable incomes are leading to higher consumption of fresh and processed food, further boosting the demand for cold chain solutions across the food retail sector. 

Interested to Know More about this Report, Request a Free Sample Report

Segmentation Spotlight: 

Ken Research provides a detailed segmentation of the market, allowing you to pinpoint your target audience effectively: 

By Product: Fruits & Vegetables, Meat & Poultry, Seafood, Pharmaceuticals & Biologicals, and Dairy Products are the major segments. By Service: Refrigerated transportation dominates, followed by cold storage and warehousing. Value-added services like packaging and temperature monitoring are gaining traction. By End-user: Retail, food & beverage processing, and pharmaceuticals are the primary users. Healthcare and agriculture are expected to see significant growth. By Region: Riyadh, Jeddah, and Dammam hold the largest market share due to their high population density and economic activity. However, emerging regions are attracting investments in cold chain infrastructure. 

Competitive Landscape: 

The KSA cold chain market features a mix of established players and innovative newcomers: 

Global Giants: DHL Supply Chain, Kuehne + Nagel, and C.H. Robinson Worldwide offer global expertise and extensive networks. Regional Players: GAC Saudi Arabia, Saudi Logistics Services (SAL), and Al-Othaim Logistics cater to local needs and regulations. Specialized Players: Niche players focus on specific segments like pharmaceuticals or last-mile delivery, offering customized solutions. 

Recent Developments: 

Investments in Infrastructure: Government initiatives like the National Cold Chain Strategy and the Food Security Program are driving investments in cold storage facilities, refrigerated trucks, and logistics hubs. Tech Adoption: Companies are embracing technologies like blockchain for track & trace, Internet of Things (IoT) for real-time monitoring, and artificial intelligence (AI) for optimized route planning. Sustainability Initiatives: Growing awareness of environmental impact is leading to the adoption of green solutions like electric vehicles and energy-efficient cold storage facilities. 

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Future Outlook: 

The KSA cold chain market is poised for exciting developments in the coming years: 

Focus on Sustainability: Environmentally friendly practices like using renewable energy and eco-friendly packaging will gain traction. Integration with Technology: Blockchain, AI, and automation will be further integrated into cold chain operations, enhancing efficiency and transparency. Rise of Specialized Services: Niche services like cold chain financing and risk management will cater to specific industry needs. Expansion into Emerging Regions: Investments in infrastructure and growing demand will drive market expansion into new regions across the Kingdom. 

Challenges to Address: 

Despite its promising outlook, the market faces some hurdles: 

High Initial Investment: The upfront costs of setting up and maintaining cold chain infrastructure can be a barrier for smaller players. Skilled Workforce Shortage: Attracting and retaining skilled professionals in cold chain management and technology is crucial. Regulatory Challenges: Streamlining regulations and harmonizing standards across different regions will facilitate seamless cold chain operations. 

Why This Report Matters: 

This report empowers various stakeholders to navigate the KSA cold chain market: 

Investors: Identify lucrative investment opportunities across different segments and technologies. Logistics companies: Gain insights into emerging trends, customer needs, and regulatory requirements to adapt their offerings and expand their reach. Policymakers: Develop policies that support infrastructure development, promote technology adoption, and ensure fair market competition. Food producers and retailers: Understand the cold chain landscape to optimize their supply chains, minimize spoilage, and ensure product quality. Pharmaceutical companies: Identify reliable cold chain solutions for transporting and storing temperature-sensitive medicines and vaccines.

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Taxonomy

By Type

Cold StorageCold Transport

By Ownership

Owned3PL Companies

By End User

Meat and SeafoodVaccination and PharmaceuticalsFrozen FoodBakeryDairy ProductsFruits, Vegetables and Others

Cold Storage Market

By Temperature Range

FrozenChillersAmbient

By Automation

Automated PalletsNon-Automated Pallets

By End User

Meat and SeafoodVaccination and PharmaceuticalsFrozen FoodBakeryDairy ProductsFruits, Vegetables and Others

By Major Cities

RiyadhJeddahDammamMeccaMedinaOthers

Cold Transport Market

By Type of Truck

Reefer Vans/Trucks20 foot reefers40 foot reefers and others

By Mode of Transportation

LandSeaAir

By Location

DomesticInternational

By Vicinity

Inter-cityIntra-city

By End User

Meat and SeafoodVaccination and PharmaceuticalsFrozen FoodBakeryDairy ProductsFruits, Vegetables and Others

For More Insights On Market Intelligence, Refer To The Link Below: –

KSA Cold Chain Market

Related Reports by Ken Research: –

Australia Cold Chain Market Outlook to 2027 Driven by Rising Meat and Seafood Consumption Owing to Growing demand for Fresh Food

The Australia cold chain market is anticipated to grow with a CAGR of 10.3% due to the ever-growing demand Majority of the end users’ segments are expected to register a robust CAGR in the Australia Cold Chain Market in the upcoming years Demand for perishable food products is expected to increase due to the rising disposable income and retail spending of the people in the country, which will necessitate the development of cold storage facilities and positively affect the market growth.

UAE Cold Chain Market Outlook to 2027 Driven by rising consumption of dairy, meat and seafood, smooth domestic and international connectivity and automation in warehouses

UAE Cold Chain Market is expected to grow at the rate of 4.6% in the forecast period 2022-2027 UAE Cold Chain Market Revenues are expected to be dominated by Cold Storage with over 50% share in 2027 Revenue in UAE Cold Chain Market is expected to grow with a CAGR of 4.8% till 2027 due to rising grocery spending and demand for small and medium storages.

Vietnam Cold Chain Market Outlook to 2026 Driven by Rising Meat and Seafood Consumption and Increasing Awareness of Applying Cold Chain in Protecting Foods in Vietnam

The Vietnam cold chain market is anticipated to grow with a CAGR of 14.8% due to the ever-growing demand Rising demand in future for pharmaceutical products and vaccines are to contribute the highest growth in cold chain market with cold storage Large Scale 3PL Companies are anticipated to contribute the major market share in Vietnam cold chain market by ownership.

Global Cold Chain Market Outlook to 2027 Driven by Rising Import-Export Trade Volume and Domestic Consumption of Meat, Seafood, Fruits and Vegetable, the popularity of Ready to Eat frozen processed food

According to Ken Research estimates, the Global Cold Chain Market will expand at significant rate by 2027, owing to the growing demand of processed ready-to-eat food, rising export volumes, expanding storage capacity and new and advanced technologies.

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Contact Us:-
Ken Research Private Limited
Ankur Gupta, Director Strategy and Growth
Ankur@kenresearch.com
+91-9015378249

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Ganzin Unveils Revolutionary AURORA IIS Eye-Tracking Solution at CES 2025

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Ganzin will announce AURORA IIS solution in CES 2025, which is a new NPU eye-tracking solution, that only composed of one NPU, two eye sensors, and two IR LEDs. The host could receive eye-tracking results from the NPU directly without any computational burden. It is an ideal eye-tracking solution for AR and AI smartglasses.The NPU’s dimension is just 2.3 x 5.6 mm, the eye sensor’s dimension is 1.6 x 1.6 x 2.3mm, and the IR LED’s dimension is 1 x 0.5 x 0.45mm.DPVR, a leading Chinese VR brand, is set to announce its new standalone VR model, the P2 Vision. The device features advanced eye-tracking technology, powered by the Ganzin AURORA IIS solution.P2 Vision is orderable since CES 2025. You are welcome to visit DPVR booth to experience P2 Vision and Ganzin eye tracking performance at LVCC, Central Hall – 15945.

TAIPEI, Dec. 27, 2024 /PRNewswire/ — Ganzin, a pioneer in glint-free wearable eye-tracking technology provider, is proud to announce the launch of its groundbreaking AURORA IIS solution at CES 2025. This cutting-edge system redefines simplicity and performance in eye-tracking, requiring only one compact NPU, two eye sensors, and two IR LEDs to deliver real-time eye-tracking results to the host device without any computational burden. It is an ideal eye-tracking solution for AR and AI smartglasses.

The NPU, with an ultra-compact size of just 2.3 x 5.6 mm, is purpose-built for AI/AR glasses, and VR headsets. The accompanying eye sensors measure a mere 1.6 x 1.6 x 2.3 mm, while the IR LEDs are 1 x 0.5 x 0.45 mm. The entire AURORA IIS solution weighs less than 1 gram and consumes under 100 mW of power, delivering exceptional efficiency for next-generation wearable devices.

In a major collaboration, DPVR, one of China’s most prominent VR brands, will debut its latest standalone VR model, the P2 Vision, at CES 2025. The P2 Vision incorporates Ganzin’s AURORA IIS solution, enabling precise, real-time eye-tracking capabilities that enhance user interaction, gaze-based control, and immersive experiences.

Visitors to CES 2025 are invited to experience the P2 Vision and Ganzin’s innovative eye-tracking technology in action. Live demonstrations will be held at the DPVR booth (LVCC, Central Hall – 15945), where attendees can get a hands-on look at the future of VR interaction. The P2 Vision will also be available for order starting at CES 2025, marking a new era for VR accessibility and functionality.

“The AURORA IIS marks a major breakthrough in eye-tracking technology,” said Dr. Shao-Yi Chien, CEO of Ganzin. “Our ultra-compact, energy-efficient solution is tailored to meet the demands of VR, AR, and wearable device manufacturers. We also offer flexible customization of eye camera placement to integrate with our clients’ industrial design (ID) requirements.”

Ganzin will have a private suite at the Westgate Hotel during CES 2025. To learn more about our AURORA IIS solution or to schedule a private demonstration, please reach out to our contact listed below.

Media Contact: Martin Lin
Business Development Manager
Ganzin Technology Co., Ltd.
Email: martin.lin@gnainz.com.tw 

About Ganzin

Ganzin is a global leader in eye-tracking technology, delivering advanced, compact, and energy-efficient solutions for next-generation wearable and immersive devices. The company’s vision is to make human-machine interaction more intuitive and accessible to everyone, enabling smarter and more responsive user experiences for consumers.

About DPVR

DPVR is a leading virtual reality technology company based in China, renowned for its development of user-friendly, high-performance VR headsets. Committed to bringing immersive experiences to the masses, DPVR continues to push the boundaries of VR technology and innovation.

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SOURCE Ganzin Technology

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Eddid Financial Partners with HKBU for the Third Consecutive Year to Establish 10th Anniversary Scholarship

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HONG KONG, Dec. 27, 2024 /PRNewswire/ — Building on successful collaborations with the School of Oriental and African Studies (“SOAS”) at the University of London, Hong Kong University of Science and Technology, The Hong Kong Polytechnic University, and City University of Hong Kong, Eddid Financial (the “Group”) announces its partnership with Hong Kong Baptist University (“HKBU”). The Group and HKBU have, together, established the “Eddid Financial 10th Anniversary Scholarship” for the 2024/25 academic year to recognize students who excel academically and contribute outstandingly to social service.

Over the past three years, the Group has engaged in various initiatives with HKBU, including the establishment of social service scholarships, fintech research projects, and internship programs. As Edidd Financial approaches its 10th anniversary in 2025, this new scholarship underscores their commitment to deepening collaboration. This “Eddid Financial 10th Anniversary Scholarship” will reward third-year undergraduate students from the business school who demonstrate academic excellence and a dedication to community service, inspiring more students to strive for success while giving back to society.

The Group is deeply committed to nurturing the next generation of talent and looks forward to supporting those who pursue excellence and are passionate about serving the community in the future academic year. Eddid Financial will also maintain close communication and collaboration with HKBU to support its teaching and research efforts, contributing to sustainable development in society.

About Eddid Financial

Anchored in Hong Kong, Eddid Financial is an all-encompassing financial group centered around fintech and dedicated to integrating cutting-edge artificial intelligence technologies and other latest technologies into its enterprise DNA. The diversified businesses of Eddid Financial range from retail to institutional and include but are not limited to fintech, internet finance, wealth management, asset management, investment banking, and virtual assets. Eddid Financial is committed to providing one-stop financial services and products to customers through high-quality investment solutions.

Members of the Group hold a variety of licenses and memberships across key financial markets. These include Hong Kong Securities and Futures Commission (SFC) regulated activities (“RA”) licenses for types 1, 2, 3, 4, 5, 6, and 9; SEHK and HKCC participant (OTP-C broker number: 0974 and 0977), Insurance Broker Company license; Trust or Company Service Provider License in Hong Kong. Additionally, our fully owned U.S. broker-dealer subsidiary, Eddid Securities USA Inc., maintains approved membership with the Financial Industry Regulatory Authority (FINRA), the National Futures Association (NFA), and the Securities Investor Protection Corporation (SIPC), and the Nasdaq Stock Market LLC (NQX), and is a registered broker dealer with the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in the United States.

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SOURCE Eddid Financial

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JinkoSolar Announces Results of 2024 Annual General Meeting

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SHANGRAO, China, Dec. 27, 2024 /PRNewswire/ — JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that all shareholders resolutions proposed at the Company’s 2024 annual general meeting held today were duly passed. Specifically, the Company’s shareholders passed the following resolutions approving:

The re-election of Mr. Xianhua Li as a director of the Company;The re-election of Mr. Steven Markscheid as a director of the Company;The ratification of the appointment of Mr. Gang Chu as an independent director of the Company and the re-election of him as an independent director of the Company;The ratification of the appointment of PricewaterhouseCoopers Zhong Tian LLP as auditors of the Company for the fiscal year of 2024;The authorization of the directors of the Company to determine the remuneration of the auditors of the Company; andThe authorization of each of the directors of the Company be authorized to take any and all action that might be necessary to effect the foregoing resolutions 1 to 5 as such director, in his or her absolute discretion, thinks fit.

 About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.

JinkoSolar had over 10 productions facilities globally, over 20 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, Brazil, Chile, Australia, Canada, Malaysia, the United Arab Emirates, Denmark, Indonesia, Nigeria and Saudi Arabia, and a global sales network with sales teams  in China, the United States, Canada, Brazil, Chile, Mexico, Italy, Germany, Turkey, Spain, Japan, the United Arab Emirates, Netherlands, Vietnam and India, as of September 30, 2024. To find out more, please see: www.jinkosolar.com

For investor and media inquiries, please contact:

In China:

Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: ir@jinkosolar.com 

Mr. Rene Vanguestaine
Christensen
Tel: +86 178 1749 0483
Email: rene.vanguestaine@christensencomms.com  

In the U.S.:

Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
Tel: +1-480-614-3004
Email: linda.bergkamp@christensencomms.com

View original content:https://www.prnewswire.com/news-releases/jinkosolar-announces-results-of-2024-annual-general-meeting-302339506.html

SOURCE JinkoSolar Holding Co., Ltd.

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