Cold Storage Market Research Report Size, Share, Analysis Growth & Forecast till 2028
Cold Storage Market
The Cold Storage Market is estimated was valued at USD 78,172 million in 2020 and is expected to grow at a CAGR of 8.0% over the forecast period (2021-2028).
The factors driving the growth of Cold Storage Market includes increasing demand for frozen foods, rise in the refrigeration capacities around the world and strict regulations imposed by Governing bodies on the supply of temperature-sensitive products As per the data available at Statista, the Global Frozen Food Market in 2018 was valued at USD 260.8 billion and is projected to reach USD 366.3 billion by the end of 2026, which will boost the Cold Storage Market share in the approaching years. Moreover, rise in the number of e-commerce retail deliveries, growing popularity of outsourcing services, increasing adoption of Bluetooth technology and RFID sensors in the logistics industry and growing number of Free Trade Agreements (FTA) signed between Governments across the globe, are some of the additional factors supplementing the Cold Storage Market size. In addition, the increasing investments in the retail sector, rising awareness amongst consumers to reduce the food wastage, rapid urbanization and increasing disposable incomes, are further contributing to the market growth.
Request For a FREE Sample Report on Cold Storage Market
However, the growth of Cold Storage Market is hindered due to inadequate infrastructure to sustain cold chain.
The major players operating in the market are, NewCold Advanced Cold Logistics, Nichirei Logistics Group, Inc., VersaCold Logistics Services Lineage Logistics, LOGISTICA Egypt, AmeriCold Logistics LLC, US Cold Storage, Inc., Burris Logistics, Congebec and Oxford Logistics Group, among others.
Temperature – Segment Analysis
As per the Cold Storage Market Research, the Frozen segment is anticipated to capture the largest market share during the forecast period attributed to increasing demand for ready-to-cook food products around the world.
End-Use Industry – Segment Analysis
Based on End-Use Industry, the Food and Beverage segment is predicted to capture the largest market share over the forecast period attributed to increasing investments by leading players on expanding the cold storage capacity.
Regional – Segment Analysis
According to the Cold Storage Market Report, the Asia-Pacific region is anticipated to expand at a remarkable CAGR during the forecast period. The growing demand for frozen food products, penetration of connected device, rapid growth in the logistics infrastructure, hectic lifestyles, increasing disposable incomes and high population growth rates, are some of the important factors influencing the market growth
Market Segmentation
Segmentation by Type
- Private and Semi-Private Warehouses
- Public Warehouses
Segmentation by Temperature
- Chilled
- Frozen
Segmentation by End-Use Industry
- Food and Beverage
- Pharmaceutical Industry
- Others
Segmentation by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/
