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Market Research Future Insights
Cold Storage Market is projected to be worth USD 397.34 Billion by 2030, registering a CAGR of 14% during the forecast period (2022 – 2030), The market was valued at USD 122.19 billion in 2021
The cold storage market refers to the specialized facilities used for the storage of perishable goods, such as fruits, vegetables, meat, fish, and dairy products, at low temperatures to maintain their quality and extend their shelf life. The market is driven by the increasing demand for frozen and chilled food products, changing food consumption patterns, and the growth of international trade in perishable commodities. The market is segmented based on temperature range, application, and type of storage. Major players in the market include Americold, Lineage Logistics, and AGRO Merchants Group, among others. The market is expected to continue to grow in the coming years due to the increasing demand for convenient and healthy food options.
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Regional Analysis
North America is growing in the cold storage market due to the solid network of warehouses and development in the logistics industry. There is a rising possibility for Asia-Pacific countries to grow in the upcoming years because of their huge consumer demand.
Market Segmentation
The Global Cold Storage market has been segmented into type, temperature type, and application.
Based on the type, the market has been segmented into needle Refrigerated Warehouse and Refrigerated Transport.
Based on the application, the market has been segmented into Dairy & Frozen Desserts, Fish, Meat, And Seafood Products, Bakery & Confectionery Products, Fruits & Vegetables, and Others.
Based on the temperature type, the market has been segmented into Frozen, and Chilled.
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Key Players
Some of the key market players are Lineage Logistics Holdings, Americold Logistics LLC, Nichirei Corporation, Kloosterboer, Tippmann Group, The United States Cold Storage, Henningsen Cold Storage Co., VersaCold Logistics Services, Congebac Inc., NewCold, Snowman Logistics Pvt Ltd.
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