Surging Demand For Cold Storage Driven By Growing Trade In Perishable Products: Key Factor Driving The Growth In The Cold Storage Market

The Cold 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].

What Is the Expected Cold Storage Market Size During the Forecast Period?
The size of the cold storage market has seen robust growth over the past few years. It is projected to escalate from $41.67 billion in 2024 to $45.61 billion in 2025, with a compound annual growth rate (CAGR) of 9.4%. Factors such as rising demand for dairy products propelling the need for cold storage, amplified requirements from the processed food and healthcare sectors, advancements in technology, emphasis on quality and product sensitivity, coupled with growth in food export, have all contributed to this historical growth period.

It is projected that the cold storage market will experience robust expansion in the upcoming years, escalating to $62.79 billion in 2029 with a compound annual growth rate (CAGR) of 8.3%. This growth during the projected period can be attributed to factors such as the expansion and aging of the population, increased adoption of automation, significant government backing, growing investments, rapid advancement in e-commerce, and a rise in consumption of packaged food items. Notable trends during the forecast period encompass a commitment to quality and product sensitivity, the inception of sustainability initiatives by companies, the rise of intelligent warehousing, the application of IoT in facilitating cold storage, and strategically planned mergers and acquisitions.

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What Are the High-Growth Segments in the Cold Storage Market?
The cold storage market covered in this report is segmented -

1) By Type: Private And Semi-Private, Public
2) By Construction: Bulk Storage, Production Stores, Ports
3) By Temperature: Frozen, Chilled
4) By Application: Fruits And Vegetables, Dairy, Fish, Meat And Seafood, Processed Food, Pharmaceuticals, Other Applications

Subsegments:
1) By Private And Semi-Private: Private Cold Storage, Owned by Individual Companies For Exclusive Use, Customized Solutions For Specific Inventory Needs, Semi-Private Cold Storage, Shared Facilities Among a Limited Number Of Users, Flexible Space Allocation And Shared Operational Costs
2) By Public: Open To Multiple Clients And Businesses, Services Offered On Rental Basis, Typically Larger Facilities That Accommodate Various Products

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What Key Drivers Are Expected to Influence Future Cold Storage Market Growth?
The growth of the cold storage market is anticipated to be driven by the increasing demand for perishable products. These are goods that degrade rapidly and have a limited lifespan, encompassing items such as fruits and vegetables, dairy products, pharmaceuticals, and others. The escalating trade of such perishables necessitates that the cold storage market offer high-quality products to satisfy their clientele. For example, a report released in August 2023 by the United States Department of Agriculture, a federal agency based in the US, forecasted a contracted tomato production in California of 12.9 million tons for 2023, yielding an average of 50.8 tons per acre. This represents a 23% increase from the previous year's 10.5 million tons and is 2% higher than the May estimate. The anticipated harvested area is projected to be 254,000 acres, a 13% increase from 2022. Consequently, the growing trade of perishable products will enhance the demand for cold storage.

Which Companies Hold the Largest Share Across Different Cold Storage Market Segments?
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, Snowman Logistics Pvt Ltd, Conestoga Cold Storage, Coldman Logistics, Cold Box India LLP, Rinac India Limited, Singhania Logistics & Distribution Pvt. Ltd, Cold Storage Japan Ltd, Sinotrans Shanghai Cold storage Company, Kerry Logistics Network Limited, Global Cold storage Solutions, China Resources Logistics Limited, Beijing Er Shang Group, Jinjiang International Holdings Co., Ltd, Nichirei Logistics Group Inc, HNA, Valley Food Storage, ACS&T Logistics, VIMA Foods, Logifrio, Cabezuelo Foods, Ebro Foods, CRS IE, Maersk, Ruzave, FREJA Transport & Logistics, Priority Freight, Dropex, Internel Sp. z o.o, NATANEX, PUH Jamax, ARRA GROUP SP. Z O.O. SP. K, NOWAKOWSKI TRANSPORT Sp. z o.o, Fructus Transport, Artrans Transport, NewCold, Frialsa, Qualianz, ARCOSA, Bradner Cold Storage, Congebec, Confederation Freezers, Interstate Warehousing, Inc, Constellation Cold Logistics, Localfrio S/A, Brado Logistica S/A, ComFrio, Martini Meat S/A, Friozem Armazens Frigorificos Ltda, Comfrio SoluCoes LogIsticas, Agility, Al Futtaim, RSA Cold Chain, Sharjah cold stores, Tameem logistics, APG Logistics, GEFCO South Africa, Value Logistics, Transnova Africa, KAP Industrial Holdings Limited, Tsiko Africa Group, Bakers SA Limited, ColdHubs



What Trends Are Driving Growth in The Cold Storage Market?
Top businesses in the cold storage market are incorporating innovative automation methods like smart last-mile delivery platforms to retain their market standing. This smart platform in cold storage enhances the distribution of goods sensitive to temperature changes by combining advanced inventory control systems and live tracking which ensures effective and dependable deliveries. For instance, in September 2022, Celcius Logistics, a cold-chain marketplace startup in India, initiated a smart last-mile delivery platform to tackle pressing issues in India's cold supply chains. The platform includes a distinctive Inventory Management System (IMS) and grows strong with collaborations with vehicle owners and automotive manufacturers, building a robust network of refrigerated vehicles. Initially introduced in six major cities, Celcius intends to penetrate into tier-2 cities in the subsequent six months.

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What Are the Emerging Geographies for The Cold Storage Market Growth?
North America was the largest region in the cold storage market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cold 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 Cold Storage Market?
2. What is the CAGR expected in the Cold Storage Market?
3. What Are the Key Innovations Transforming the Cold Storage Industry?
4. Which Region Is Leading the Cold Storage Market?

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