Cold Storage Market, Business Opportunities, Leading Players, Overview, Industry Statistics, Revenue and Future Investments 2030

Overview of the cold storage market

The composite rate of Cold Storage (CS) Market appreciations is estimated at 14% for the forecast period 2022-2030. It can reach up to USD 397.34 billion by that period.

Analysts are predicting rapid growth of Cold Storage market share in the future. Increasing demand for perishable foods, processed foods and medical devices are the major drivers dominating the expansion of the market size and structure. However, the market benefits from the supply of temperature-sensitive products. However, the retail industry assures the development in the coming years. The growing retail industries and increasing automation in cold stores expect demand to increase shortly.

Cold storage certifies the shelf life of food or other items in a freezer or ice box. Storing food in the refrigerator prevents the food from spoiling. Thus, cold storage management is now an essential part of supply chain management. It helped to store the temperature-sensitive products and quickly transport them from one place to another. Besides, it offers advanced cooling technology, maintenance and tracking for fruits, vegetables, etc. With the help of progress functions, it reduces the possibility of food waste.

The cold room is built by sealing the room while lowering its temperature. This is done by using the refrigerator’s heat dissipation devices. Meanwhile, keeping food at low temperatures can reduce spoilage and extend the life of cooking oils. However, this requires many facilities such as dock-to-stock process, humidity control system and condensation, calculation of guaranteed stock counts, etc. All these factors ensure better functioning of the freezer. Its functionalities and the growth of multinational food retail are driving the global cold storage market to new heights.

However, the outbreak of CoViD-19 is having a negative impact on almost all industries. Following the global restrictions, cold storage disrupted the food market’s supply chain by government order. Investments also fell in the situation. Like any other market, the CS market struggles to lead the way.

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key figures

The main market players in the market are

  • Lineage Logistics Holdings (USA)
  • American Logistics LLC (USA)
  • Nichirei Corporation (Japan)
  • Kloosterboer (Netherlands)
  • Tippmann Group (USA)
  • The United States (USA) Cold Storage
  • Henningsen Cold Storage Co. (USA)
  • VersaCold Logistics Services (Canada)
  • Congebac Inc. (Canada)
  • NewCold (Netherlands)
  • Snowman Logistics Pvt Ltd (India)
  • Wabash National Corporation (USA)
  • Cloverleaf Cold Storage (USA)

Segmentation of the cold storage market

Cold storage market segmentation is based on five factors i.e. storage, temperature, construction, application and region. The storage type is divided into public, private and semi-private areas. The market segment based on temperature is divided into two things namely chilled and frozen. Based on construction, the market segments are divided into time, cost of building material operation and maintenance. In addition, application segments include processed foods, vegetables, fruits, dairy, seafood and pharmaceuticals.

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Regional classification

The regional division of the cold storage market is divided into Europe, North America, South America, Asia-Pacific and MEA. Among all sectors, North America’s dominance in cold storage market growth is higher. The United States, Mexico and Canada drive the North American market. The economic changes and government regulations in Mexico could boost demand in the coming period. Meanwhile, Asia-Pacific countries are seeing opportunities to lead the competition going forward.

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The latest development

  • May 2021 – Fort Worth recently made a cold storage acquisition in Phoenix.
  • Recently, Americold Logistics LLC acquired Hall’s Warehouse Corp to take over the New Jersey market. Large companies in the current scenario are merging and acquiring local players to expand in potential markets. This acquisition has allowed Americold Logistics to thrive with 58 million cubic feet of additional warehouse space and 2,00,000 pallet positions.
  • Following the acquisition of Agro Merchants Group, Americold Logistics became the fourth largest cold storage operator in the world. The company has firmly established itself in the size of the global market with its operations in Europe, USA, South America and Australia.
  • The single-envelope construction technology is the new development in the market segment of production memories. This new technology helps reduce the time and cost of new construction. It also allows flexible placement of heating, ventilation and air conditioning systems.

table of contents

Summary

launch

2.1 Market Definition

2.2 Scope of the Study

2.3 Market Structure

research methodology

3.1 Primary Research

3.2 Desk Research

3.3 Market Capacity Estimation

3.4 Forecast Model

3.5 List of Assumptions

3.6 Limitations of the Study

Market Insights

market dynamics

5.1 Introduction

5.2 Market Drivers

5.3 Market Restrictions

5.4 Market Opportunities

5.5 Porter’s Five Forces Analysis

5.5.1 Threat of New Entrants

5.5.2 Bargaining Power of Buyers

5.5.3 Bargaining Power of Suppliers

5.5.4 Threat of substitutes

5.5.5 Intensity of rivalry

5.6 Value Chain/Supply Chain Analysis

Global Cold Storage Market by Type

6.1 Introduction

6.2 Cold store

6.2.1 Market Estimates and Forecasts, 2020-2026

6.2.2 Market Estimates and Forecasts by Regions, 2020-2026

6.3 Refrigerated Transport

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