Frozen Storage Market Anticipated To Witness Robust Growth, Surpassing $225.36 Billion By 2029

The Frozen Storage Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

How Big Is the Frozen Storage Market Size Expected to Be by 2034?
In recent times, there has been a robust expansion in the size of the frozen storage market. It is forecasted to escalate from a valuation of $149.15 billion in 2024 to $163.43 billion in 2025, marking a compound annual growth rate (CAGR) of 9.6%. The historical proliferation can be credited to alterations in consumer lifestyles and food habits, the effects of globalization and changes in supply chain dynamics, a surge in quick-service and frozen food retail businesses, a seasonal surge in demand for frozen items, and a rise in urbanization coupled with convenience.

The frozen storage market is projected to experience considerable expansion in the coming years. The market is set to surge to a staggering $225.36 billion in 2029, boasting a compound annual growth rate (CAGR) of 8.4%. The expected growth during the forecast period can be linked to various factors including the surge in e-commerce for grocery and food delivery, focus on health and wellness, technological advancements in cold chain logistics, global food supply chains, and emphasis on food safety and quality. Prominent trends predicted for the forecast period encompass e-commerce and online grocery shopping, global food supply chains, focus on health and safety norms, customization and scalability, and a rise in urbanization and convenience foods.

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How Are Emerging Segments Shaping the Frozen Storage Market Landscape?
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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Which Growth Factors Are Influencing Frozen Storage Market Expansion?
The burgeoning need for perishable goods is predicted to fuel the expansion of the frozen storage market in the future. Food items that would rot or become damaged if not kept at 40 °F or lower, or if not chilled to 0 °F or colder, are referred to as perishable products. To slow down deterioration, perishable foods such as fresh vegetables, fruits, frozen delicacies, pharmaceutical items, among others are typically stored in a cooled environment. Consequently, the escalating requirement for perishable goods will necessitate the usage of frozen storage infrastructures, thereby intensifying the market demand. To illustrate, the Bureau of Economic Analysis, an American federal agency, reported in December 2022, a rise in the export of U.S. foods, feeds, and beverages by $0.7 billion in 2022, amassing a total export value of $3,009.7 billion, whereas imports experienced a substantial elevation by $26.1 billion, bound to a total goods import of $3,957.8 billion, substantially spurred by a $7.0 billion surge in soybean exports. Hence, the increasing demand for perishable items significantly propels the future growth of the frozen storage market.

Who Are the Dominant Players Across Different Frozen Storage Market Segments?
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

What Are the Latest Developing Trends in the Frozen Storage Market?
The main trend making headway in the frozen storage market is the advancement of technology. To maintain their market stance, leading businesses in the frozen storage market are embracing innovative technologies. For instance, in December 2023, JBT Corporation, an American food and drink technology solutions firm, launched a new version of its Frigoscandia GYRoCOMPACT 70 Spiral Freezer (GC70). This advanced freezing solution incorporates a range of significant improvements, targeting the increase of efficiency and capacity for food manufacturers. The modified GC70 now features a sequential defrost option, enabling a continuous operation that can last up to a fortnight without necessitating regular defrosting. The revised GC70 spiral freezer shows JBT's dedication to facilitating progress in freezing technology within the food sector, offering solutions that boost productivity and efficiency while dealing with the challenge of limited space in production facilities.

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Which Geographic Regions Are Expected to Dominate the Frozen Storage Market in the Coming Years?
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

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Frozen Storage Market?
2. What is the CAGR expected in the Frozen Storage Market?
3. What Are the Key Innovations Transforming the Frozen Storage Industry?
4. Which Region Is Leading the Frozen Storage Market?

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