According to the latest research report, the Cold Storage Market 2024-2029 by Arizton Advisory & Intelligence will grow at a CAGR of 7.70% during 2023-2029.
The global cold storage market plays a crucial role in maintaining the quality and safety of various products, including food and pharmaceuticals, by preserving them at specific temperatures. In addition, the cold storage market has been expanding steadily over the past few years and is expected to continue growing. Factors such as increasing demand for frozen and chilled food products, expanding pharmaceutical and healthcare industries, and the need for efficient supply chain management contribute to this growth.
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Report Summary
Market Size Revenue (2029): USD 12.22 Billion
Market Size Revenue (2023): USD 7.83 Billion
CAGR – Revenue (2023-2029): 7.70%
Market Size – Volume (2029): 1,064.52 million cubic meters
Historic Year: 2020-2022
Base Year: 2023
Forecast Year: 2024-2029
Market Segmentation: Warehouse Type, Facility Type, Temperature Type, Structure Type, Application, and Geography
Geographic Analysis: North America, Europe, APAC, Latin America, and Middle East & Africa
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Refrigerated Warehouses Leading the Market
The global refrigerated warehouse market will reach $3.2 billion by 2029, growing at a CAGR of 6.94% during the forecast period.
Refrigerated warehouses maintain consistent temperature and humidity levels, preserving the quality, freshness, and nutritional value of perishable goods such as fruits, vegetables, meats, seafood, dairy products, and pharmaceuticals. By preventing spoilage, freezer burn, and microbial growth, these facilities extend the shelf life of products, reducing waste. Furthermore, in North America and Europe, the surge in e-commerce and online grocery shopping has led to greater demand for refrigerated warehouses capable of storing and distributing perishable goods for home delivery and click-and-collect services. As consumers embrace online grocery shopping, retailers and logistics providers invest in cold storage infrastructure to meet the demand for fresh and frozen products.
More than $4.8 Billion Growth Opportunities in the APAC Cold Storage Market
The cold storage market in APAC has been experiencing significant growth in recent years. According to GCCA, the region represents more than 300 cold chain suppliers and logistics providers in more than 15 countries. Hence, massive cold chain suppliers in the region significantly support the cold storage market.
China has released a National Logistics Hub Layout and Construction Plan to improve infrastructure and logistics capabilities, aiming to establish 150 advanced logistics hubs by 2025. In addition, during the 14th Five-Year Plan period (2021-2025), the country expects to set up 30 national and 70 regional cold-chain logistics bases for agricultural products. Similarly, the Indian government has also invested heavily in the industry and encouraged private participation through various subsidy schemes, such as the Pradhan Mantri Kisan Sampada Yojana and the Mission for Integrated Development of Horticulture scheme, both provide financial support in the form of grants-in-aid, such initiatives are positively impacting the cold storage market in the region.
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Key Company Profiles
- Lineage Logistics Holding, LLC
- Americold Logistics
- United States Cold Storage, Inc
- NewCold
- Nichirei Corporation
- Emergent Cold LatAM
- The Tippmann Group
- Constellation Cold Logistics
- Superfrio Logistica Frigorificada
- FreezPak Logistics
- Conestoga Cold Storage
- Congebec Logistics, Inc.
- Metcold Holdings Limited
- RLS Logistics
- Friozem Armazens Frigorificos
- Magnavale Ltd
- Trenton Cold Storage
- Nor-Am Cold Storage
- Burris Logistics
- Arihant Cold Storage
- ColdStar Solutions Pvt Ltd
- ColdStar Logistics
- Coldman Logistics Pvt Ltd
- Coldrush Logistics
- Indicold Private Limited
- Frialsa
- Confederation Freezers (Premium Brands Holdings)
- Vertical Cold Storage
Market Segmentation
Warehouse Type
- Private
- Public
Facility Type
- Refrigerated Warehouse
- Cold Rooms
- Refrigerated Containers
- Blast Freezers & Chillers
- Other Facilities
Temperature Type
- Chilled
- Frozen
- Deep Frozen
Structure Type
- Civil Structure
- Steel Structure
- Hybrid Structure
Application
- Dairy Products
- Fish, Meat & Seafoods
- Fruits & Vegetables
- Bakery & Confectionery
- Pharmaceuticals
- Others
Geography
- APAC
- China
- India
- Japan
- South Korea
- Australia
- Indonesia
- North America
- The US
- Canada
- Europe
- The UK
- Spain
- Germany
- France
- Italy
- Poland
- Latin America
- Brazil
- Mexico
- Argentina
- Chile
- Middle East & Africa
- South Africa
- Saudi Arabia
- The UAE
- Turkey
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