Leading Element Driving Change in the Frozen Storage Market in 2025: Surging Perishable Product Demand Propels Growth In The Frozen Storage Market Driver

How Are the key drivers contributing to the expansion of the frozen storage market?
The growth of the frozen storage market is anticipated to be driven by the increasing need for perishable products. These are food items that can spoil or get damaged if they aren't stored at 40 °F or below, or frozen at 0 °F or below. Cold storage or refrigeration is used for perishable food items such as fresh fruits, vegetables, frozen foods, pharmaceutical products, and more to slow down food degradation. Therefore, the escalating demand for these products will necessitate frozen storage facilities for their preservation, which in turn will fuel the market demand. For example, the Bureau of Economic Analysis, a US federal agency, reported in December 2022 that U.S. food, feed, and beverage exports surged by $0.7 billion in 2022, contributing to an overall export value of $3,009.7 billion. Concurrently, imports saw a significant rise of $26.1 billion, leading to total goods imports of $3,957.8 billion, a boost largely attributed to a $7.0 billion rise in soybean exports. Hence, the increasing need for perishable products is a key factor propelling the expansion of the frozen storage market.

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What growth opportunities are expected to drive the frozen storage market's CAGR through 2034?
The frozen storage industry has seen robust growth over the past few years. The market size is projected to expand from $149.15 billion in 2024 to $163.43 billion in 2025, with a compound annual growth rate (CAGR) of 9.6%. The historic growth of this market can be ascribed to evolving consumer lifestyle and food patterns, globalization and changes in supply chain dynamics, proliferation of quick-service outlets and frozen food retailers, seasonal spikes in demand for frozen items, as well as growing urbanization and convenience.

In the coming years, the size of the frozen storage market is anticipated to experience robust growth. The market is projected to escalate to $225.36 billion in 2029, with a compound annual growth rate (CAGR) of 8.4%. This growth during the forecasted period can be credited to the expanding role of e-commerce in the grocery and food delivery sector, health and wellness trends, advancements in cold chain logistics technology, the global nature of food supply chains, and a concentration on food safety and quality. The forecasted period will be characterized by trends such as e-commerce and online grocery shopping, the worldwide nature of food supply chains, health and safety protocols, customization and scalability, urbanization, and the rise of convenience foods.

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What are the emerging trends shaping the future of the frozen storage market?
The key trend growing in prominence in the frozen storage market is technological advancement. Major players in this market are employing cutting-edge technology to maintain a competitive edge. For instance, in December 2023, US-based JBT Corporation, a firm specializing in food and beverage technology solutions, rolled out the newest iteration of its GC70, part of the Frigoscandia GYRoCOMPACT 70 Spiral Freezer series. This model comes with significant improvements designed to boost product efficiency and capacity for food manufacturers. The GC70 now features an optional sequential defrosting feature, which lets it run non-stop for an extended period of up to two weeks without needing regular unfreezing. The newly updated GC70 spiral freezer stands as a testament to JBT's dedication towards progressing freezing technology in the food sector, offering solutions that boost productivity and efficiency while tackling spatial restrictions in manufacturing premises.

Which growth-oriented segments of the frozen storage market are leading the industry's development?
The frozen storage market covered in this report 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

Subsegments:
1) By Private And Semi-Private: Private Frozen Warehouses, Semi-Private Frozen Warehouses
2) By Public: Public Frozen Warehouses

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What regions are leading the charge in the frozen storage market?
North America was the largest region in the frozen storage market in 2024. The regions covered in the frozen storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What companies are at the forefront of innovation in the frozen storage market?
Major companies operating in the frozen storage market include 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., Frialsa Frigorificos S.A. De C.V., Conestoga Cold Storage Ltd., Oxford Express Private Limited, Montague Cold Storage Pty Ltd., Bring Frigo SL, Confederation Freezers, Trenton Cold Storage Inc., Nor-Am Cold Storage, Superfrio Logistica Frigorificada, FreezPak Logistics, METCOLD Supply Network Management Limited, Friozem Armazens Frigorificos Ltda., Magnavale Ltd., Vertical Cold Storage, ColdPoint Logistics LLC, Gruppo Marconi Logistica Integrata, Hanson Logistics Ltd., Agri-Norcold A/S

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What Is Covered In The Frozen Storage Global Market Report?

• Market Size Forecast: Examine the frozen storage market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the frozen storage market for a structured understanding.
• Key Players Overview: Analyze major players in the frozen storage market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the frozen storage market.
• Segment Contributions: Evaluate how different segments drive overall growth in the frozen storage market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the frozen storage market.
• Industry Challenges: Identify potential risks and obstacles affecting the frozen storage market.
• Competitive Landscape: Review strategic developments in the frozen storage market, including expansions, agreements, and new product launches.

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