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Impressive Growth in the Cold Storage Market: A Research Report Including Market Size, Key Players, and Market Trends
"Global cold storage is projected to see robust growth due to increasing demand and advancements in technology.
What Is The Projected Market Size Of The Global Cold Storage Market And Its Growth Rate?
The cold storage market size is expected to grow significantly with dominant trends and influential factors.
• The market size increased from $41.67 billion in 2024 to $45.61 billion in 2025 at a CAGR of 9.4%, attributed to the increased demand for dairy products leads to drive for cold storage, as well as demands in processed food and healthcare industries.
• It is projected to grow to $62.79 billion in 2029 at a CAGR of 8.3% due to an aging population, increased automation use, government support, more investments, and growth in E-commerce, among other factors.
What Is Driving The Growth In The Cold Storage Market?
Increasing demand for perishable products is a key driver for the growth of the cold storage market. Perishable products, such as fruits, vegetables, dairy products, and pharmaceuticals, have a short lifespan. For example, according to a report by the United States Department of Agriculture in 2023, an increasing trade of perishables is compelling the cold storage market to provide better quality products to cater to consumers. Hence, the need for cold storage for such perishables will increase as the trade rises.
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Who Are the Key Players Driving Cold Storage Market Growth?
Major companies operating in the cold storage market include:
• Americold Logistics LLC
• Burris Logistics
• United States Cold Storage
• Toyo Suisan Kaisha, Ltd
• VersaCold Logistics Services
• Lineage Logistics Holdings
• Tippmann Group
and many more.
What Are The Key Trends In The Cold Storage Market?
Key trends in the forecast period include:
• A focus on quality and product sensitivity
• Companies taking sustainability initiatives
• Smart warehousing
• The use of IoT to facilitate cold storage
• Strategic mergers and acquisitions
What Are The Segments Of The Global Cold Storage Market?
The cold storage market can be segmented by:
• Type: Private and Semi-private, Public
• Construction: Bulk storage, Production Stores, Ports
• Temperature: Frozen, Chilled
• Application: Fruits and Vegetables, Dairy, Fish, Meat and Seafood, Processed Food, Pharmaceuticals, Other applications
Which Region Leads The Cold Storage Market?
North America was the largest region in the cold storage market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period. Other regions covered in the report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Cold Storage Market Global Market Report?
- Market Size Analysis: Analyze the Cold Storage Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cold 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 Cold Storage Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cold Storage Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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