Soaring Growth Expected in Frozen Storage Market: From $149.15 Billion in 2024 to $225.36 Billion in 2029

Rising demand for perishable products and technological advancements in the cold chain logistics are poised to drive the global frozen storage market.

What Is The Projected Market Size Of The Global Frozen Storage Market And Its Growth Rate?
• The frozen storage market is expected to grow from $149.15 billion in 2024 to $163.43 billion in 2025, at a Compound Annual Growth Rate (CAGR) of 9.6%.
• This growth over the historic period can be primarily attributed to changing consumer lifestyles and dietary habits, globalization and supply chain dynamics, rise in quick-service and frozen food retailers, seasonal demand for frozen products, increased urbanization and convenience.
• The market size is projected to see strong growth in the coming years, reaching $225.36 billion in 2029 at a CAGR of 8.4%.
• The expected growth in the forecast period can be attributed to the expansion of e-commerce in grocery and food delivery, health and wellness trends, technological innovations in cold chain logistics, globalization of food supply chains, and focus on food safety and quality.

What Is Driving The Growth In The Frozen Storage Market?
The frozen storage market's significant growth trajectory is being driven by the rising demand for perishable products. Perishable products, such as fresh vegetables, fruits, frozen foods, and pharmaceutical products need to be stored at 40 °F or below or frozen at 0 °F or below to avoid spoilage or damage. An increase in this demand necessitates frozen storage facilities, which in turn, increases the demand in the market. In December 2022, exports of food, feeds, and beverages in the US increased by $0.7 billion, contributing to a total export value of $3,009.7 billion, while imports rose significantly by $26.1 billion, resulting in total goods imports of $3,957.8 billion. This increase was majorly driven by a $7.0 billion rise in soybean exports. As such, the rising demand for perishable products is a major factor fueling the growth of the frozen storage market.

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Who Are the Key Players Driving Frozen Storage Market Growth?
• Americold Logistics Inc.
• Lineage Logistics Holdings LLC
• Burris Logistics Company
• Wabash National Corporation
• Nichirei Corporation
• United States Cold Storage Inc.
• Kloosterboer Group B.V.
• Tippmann Group
• VersaCold Logistics LLC
• John Swire & Sons Ltd.
• Consolidated Transfer & Warehouse Co. Inc.
• The Schwan Food Company
• Congebec Logistics Inc.
• Interstate Warehousing Inc.

What Are The Key Trends In The Frozen Storage Market?
• Expansion of e-commerce and online grocery.
• Globalization of food supply chains.
• Health and safety standards.
• Customization and scalability.
• Urbanization and convenience foods.

What Are The Segments Of The Global Frozen Storage Market?
• By Warehouse Type: Private And Semi-private, Public.
• By Construction: Bulk Storage, Production Stores, Ports.
• By Application: Processed Food, Fruits And Vegetables, Fish, Meat, And Sea Food, Pharmaceuticals, Other Applications.

Which Region Leads The Frozen Storage Market?
North America was the largest regional market for frozen storage in 2024. Other key regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East and Africa.

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What Is Covered In The Frozen Storage Market Global Market Report?
- Market Size Analysis: Analyze the Frozen Storage Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Frozen Storage Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the market.
- Market Contribution: Evaluate contributions of different segments to the overall Frozen Storage Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Frozen Storage Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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