Frozen Storage Market Trends That Will Shape the Next Decade: Insights from Technological Advancements Revolutionize The Frozen Storage Market Landscape

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How Large Will the Frozen Storage Market Size By 2025?
The market size for frozen storage has seen significant expansion in recent years. The forecasted growth for this market is from $149.15 billion in 2024 to $163.43 billion in 2025, with a compound annual growth rate (CAGR) of 9.6%. Factors contributing to this historical growth include shifts in consumer lifestyles and dietary patterns, impacts of globalization and supply chain transformations, an increase in both quick-service and frozen food retailers, seasonal needs for frozen products, as well as heightened urbanization and the appeal of convenience.

How Big Is the Frozen Storage Market Size Expected to Grow by 2029?
In the coming years, the size of the frozen storage market is predicted to experience robust growth, escalating to $225.36 billion in 2029 with a compound annual growth rate (CAGR) of 8.4%. Factors contributing to this anticipated growth during the forecast period include the surge in e-commerce for groceries and food delivery, rising health and wellness trends, advancements in cold chain logistics technology, the global reach of food supply chains, and an emphasis on the safety and quality of food. Key trends to watch for during the forecast period encompass e-commerce and online grocery shopping, the global integration of food supply chains, health and safety regulations, adaptability and scalability, urbanisation, and the popularity of convenience foods.

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Which Key Market Drivers Powering Frozen Storage Market Expansion and Growth?
The demand for products with a short shelf-life is projected to stimulate the growth of the frozen storage sector in the future. Items such as fresh fruits, vegetables, frozen foods and pharmaceutical products, which spoil or degrade if not stored at 40 °F or colder, or not frozen at 0 °F or less, necessitate the use of frozen storage facilities to slow down the deterioration rate. Consequently, as the need for these perishable goods rises, so will the necessity for frozen storage facilities to secure their preservation, subsequently driving the market demand. In December 2022, The Bureau of Economic Analysis, a U.S. federal agency, reported that there was a $0.7 billion rise in the exports of foods, feeds, and beverages from the U.S., amounting to a total export value of $3,009.7 billion. Imports saw a significant increase of $26.1 billion, bringing the total goods imported to $3,957.8 billion, largely owing to a surge in soybean exports of $7.0 billion. Therefore, the surge in demand for perishable items is a major factor fueling the growth of the frozen storage market in the future.

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Which Fast-Growing Trends Are Poised to Disrupt the Frozen Storage Market?
The emerging trend in the frozen storage market is technological advancements. Major players in the industry are adopting new technologies to maintain their market positions. For example, JBT Corporation, a US-based food and beverage technology solutions provider, launched the updated version of its Frigoscandia GYRoCOMPACT 70 Spiral Freezer (GC70) in December 2023. This new freezing solution offers significant improvements, aiming to enhance efficiency and capacity for food producers. The GC70 now comes with an optional sequential defrosting feature, which eliminates the need for frequent defrosting, allowing operations to continue uninterrupted for up to two weeks. This updated GC70 spiral freezer is a testament to JBT's dedication to further the progression of freezing technology in the food industry, offering solutions that boost productivity and efficiency while solving the issue of limited space in production facilities.

What Are the Emerging Segments in the Frozen Storage Market?
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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Who Are the Global Leaders 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

Which are the Top Profitable Regional Markets for the Frozen Storage Industry?
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

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