Refrigerated Warehousing Market Projected to Reach 29.17 Billion USD by 2022, at a CAGR of 10.2%

The refrigerated warehousing market is projected to grow at a CAGR of 10.2% from 2017, to reach a value of USD 29.17 Billion by 2022. The global demand for refrigerated warehousing is increasing significantly due to the growing demand for frozen food products such as fish, meat, and seafood, leading to a rise in the requirement for refrigerated storage for these perishable foods. Growing health-consciousness among consumers and rising incomes have boosted the consumption of a wide variety of perishable products, particularly seafood, meat, and fruits & vegetables.

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The refrigerated warehousing market, on the basis of application, is segmented into fruits & vegetables, bakery & confectionery, milk & dairy products, meat, seafood, and beverages. The fruits & vegetables segment accounted for the largest market share in 2016; this is attributed to the growing health-consciousness among consumers and their rising incomes which have boosted the consumption of a wide variety of frozen and chilled products, particularly fruits & vegetables. In North America and Europe, health concerns are driving the demand for fruits & vegetables, as consumers prefer healthier and more nutritious options in their diet.

The frozen segment, by temperature, accounted for a larger share of the refrigerated warehousing market in 2016

The frozen temperature segment accounted for a larger share of the global refrigerated warehousing market in 2016. Perishable food products such as meat, fish, and seafood require to be frozen for storage and consumption over a longer period of time. These products are widely accepted in North America due to the increased demand for frozen foods in the region.

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The Asia Pacific region dominated the refrigerated warehousing market in 2016

In 2016, the Asia Pacific region led the global market for refrigerated warehousing. Factors such as rapid urbanization combined with higher disposable incomes and rising consumer demand for perishable foods drive the refrigerated warehousing market in Asia Pacific. Moreover, the growing trend of online food purchase is fueling the demand for refrigerated warehousing in this region.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes the profiles of leading companies such as AmeriCold Logistics (US), Lineage Logistics (US), Preferred Freezer Services (US), John Swire (UK), and AGRO Merchants (US), which have a strong global presence. Other players include Nichirei Logistics (Japan), Kloosterboer Services (Netherlands), Interstate Cold Storage (US), Cloverleaf Cold Storage (US), Burris Logistics (US), Frialsa Frigoríficos (Mexico), and Henningsen Cold Storage (US).

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