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Frozen Storage Market Report Overview, Industry Top Manufacturers, Size, Growth 2023 - 2032
Frozen Storage Global Market
The Business Research Company's Frozen Storage Global Market Report 2023 identifies rising demand for perishable products as the major driver for the Frozen Storage market's growth in the forecast period. Perishable products refer to those food items that get spoiled or damaged if not stored at 40 °F or below, or not frozen at 0 °F or below. Perishable food items such as fresh vegetables, fruits, frozen foods, pharmaceutical products, and others are refrigerated or kept in cold storage to reduce the rate of food deterioration. Hence, the rise in demand for perishable products will required frozen storage facilities to keep them safe, which will increase the demand for market.
The global frozen storage market size is expected to grow from $123.11 billion in 2022 to $134.83 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global frozen storage market size is expected to reach $188.20 billion in 2027 at a CAGR of 8.7%.
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Major competitors in the Frozen Storage market are Americold Logistics Inc., Lineage Logistics Holdings LLC, Burris Logistics Company, Barloworld Limited, Cloverleaf Cold Storage Co. LLC.
A key trend in the Frozen Storage market includes Technological advancement. Major companies operating in the frozen storage market are adopting new technologies to sustain their position in the market.
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The Frozen Storage market is segmented -
1) By Warehouse Type: Private and Semi-private, Public
2) By Construction: Bulk Storage, Production Stores, Ports
3) By Application: Processed Food, Fruits and Vegetables, Fish, Meat, and Sea Food, Pharmaceuticals, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Frozen Storage market.
The Business Research Company's "Global Frozen Storage Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Frozen Storage Market Include:
1. Executive Summary
2. Frozen Storage Market Characteristics
3. Frozen Storage Market Trends And Strategies
4. Frozen Storage Market - Macro Economic Scenario
5. Frozen Storage Market Size And Growth
……
27. Frozen Storage Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Frozen Storage Market
29. Frozen Storage Market Future Outlook and Potential Analysis
30. Appendix
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