Frozen Storage Market Growth to be Driven by Emerging Trends | $191.52 Billion by 2029

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What is the Projected Market Size of the Frozen Storage Industry?
The frozen storage industry has seen robust expansion in the past years. The market, which was valued at $127.16 billion in 2024, is projected to rise to $137.71 billion in 2025, with an annual compound growth rate (CAGR) of 8.3%. This substantial growth during the historic period is due to various factors like shifts in consumer lifestyle and food choices, global trade and evolving supply chain systems, growth in fast service and frozen food shops, seasonal demand for frozen goods, as well as increased urbanization and convenience.

What Will Be the Size of the Frozen Storage Market by 2029?
In the upcoming years, the frozen storage market is anticipated to experience a robust increase in size, reaching $191.52 billion in 2029 with a compound annual growth rate (CAGR) of 8.6%. This growth during the forecast period can be linked to the prevalence of e-commerce in the fields of grocery and food delivery, health and wellness trends, technological advances in cold chain logistics, worldwide spread of food supply chains, and an emphasis on food safety and quality. Key trends during this forecast period include the rise of e-commerce and online groceries, the globalization of food supply chains, health and safety standards, customization and scalability, increased urbanization, and the popularity of convenience foods.

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What Are the Key Drivers Accelerating Growth in the Frozen Storage Market?
The growth of the frozen storage industry is predicted to be spurred on by an increase in demand for perishable items. Foods is considered perishable if it becomes spoiled or damaged when not stored at 40°F or lower, or fails to be frozen at 0°F or lower. Cold storage or refrigeration is used to slow down the deterioration of perishable items like fresh fruits and vegetables, frozen foods, pharmaceuticals, and more. As a result, the rising demand for these products will necessitate increased frozen storage capacities, bolstering the market's growth. The Bureau of Economic Analysis, a US federal agency, reported in December 2022 that U.S. exports of foods, feeds, and beverages had risen by $0.7 billion in 2022, amounting to a total export value of $3,009.7 billion. Imports also saw a substantial increase of $26.1 billion, totalling at $3,957.8 billion, primarily due to a $7.0 billion bump in soybean exports. The increased demand for perishable items is, thus, fuelling the expansion of the frozen storage market.

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How Is the Frozen Storage Market Segmented by Type, Application, and Region?
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

What Are the Key Trends Driving Growth in the Frozen Storage Market?
The increasing adoption of technological innovation represents a significant trend in the frozen storage market. To maintain their competitive edge, major corporations are leveraging new technologies. For instance, JBT Corporation, a leading solution provider for the food and beverage industry based in the US, launched an upgraded version of its Frigoscandia GYRoCOMPACT 70 Spiral Freezer (GC70) in December 2023. This enhancement, which includes a pioneering freezing solution, offers many major improvements designed to boost efficiency and capacity for food manufacturers. Among the new features, the GC70 now enables sequential defrosting, meaning it can operate continuously for a fortnight without requiring frequent defrosting. This latest update of the GC70 spiral freezer reflects the company's commitment towards pushing the boundaries in food freezing technology. It provides solutions that improve efficiency and productivity and addresses the challenge of limited space in production facilities.

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Who Are the Leading Companies Driving Growth 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 Is the Leading Region in the Global 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

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