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Growing Demand for Frozen and Chilled Food Drives Cold Storage Market Growth

iCrowdNewswire Mar 13, 2023 5:00 PM ET

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.

Cold storage is a type of warehouse or storage facility that is specifically designed to store perishable goods at low temperatures. Cold storage facilities are used to preserve a wide range of products, including food, pharmaceuticals, and other temperature-sensitive items. They are typically equipped with refrigeration and temperature control systems to ensure that the stored goods are kept at the appropriate temperature. The COVID-19 pandemic has had a significant impact on the cold storage industry. The increased demand for food and other essential goods during the pandemic has led to a surge in the demand for cold storage facilities. In addition, the pandemic has disrupted global supply chains and disrupted the movement of goods, which has put additional pressure on cold storage facilities to ensure that products are stored and transported safely. As a result, many cold storage facilities have had to expand their operations and invest in additional capacity to meet the increased demand.

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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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Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone: +1 628 258 0071(US) +44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
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Categories: Wire, Research Newswire, English
Keywords: Cold Storage,Cold Storage Market,Cold Storage Market 2023