Global cold storage market

Cold Storage Market Size, Share, Growth Analysis, By Storage Type(Facilities/Services (Refrigerated Warehouse (Private & Semi-Private, Public), Cold Room), Equipment (Blast freezer), By Temperature Range(Chilled (0°C to 15°C), Frozen (-18°C to -25°C), Deep-frozen (Below -25°C)), By Application(Food & Beverages (Fruits & Vegetables, Fruit Pulp & Concentrates, Dairy Products (Milk, Butter), By Region - Industry Forecast 2025-2032


Report ID: SQMIG45I2145 | Region: Global | Published Date: September, 2024
Pages: 165 | Tables: 65 | Figures: 75

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Cold Storage Market size was valued at USD 119.5 Billion in 2023 and is poised to grow from USD 140.41 Billion in 2024 to USD 510.19 Billion by 2032, growing at a CAGR of 17.5% during the forecast period (2025-2032).

Numerous primary contenders who are dedicated towards innovation and expansion define the competitive landscape of the global cold storage market. The focus includes players like Americold Logistics, Lineage Logistics, Cold Storage Solutions among others that employ cutting edge technologies in their operations for more efficiency and sustainability. Also, regional players such as SWC and Nichirei Logistics also play a significant role. The competition within the market is growing, as optimization of services is required owing to the demand for cold chain logistics and storage solutions. 'Lineage Logistics Holdings (US) ', 'Americold Logistics LLC (US) ', 'Nichirei Corporation (Japan) ', 'AGRO Merchants Group ', 'United States Cold Storage, Inc. ', 'VersaCold Logistics Services ', 'Interstate Warehousing, Inc. ', 'Swire Cold Storage Pty Ltd. ', 'Cloverleaf Cold Storage Co. ', 'John Swire & Sons Pty Ltd. ', 'Kloosterboer Group BV ', 'Gati Kausar ', 'Henningsen Cold Storage Co. ', 'Preferred Freezer Services, LLC ', 'NewCold Advanced Cold Logistics ', 'Burris Logistics ', 'Congebec Logistics Inc. ', 'Snowman Logistics Ltd. ', 'XPO Logistics, Inc. ', 'ColdEX Logistics Pvt. Ltd. '

The world’s population is on the rise and so is urbanization, which has significantly increased the need for perishable goods, which includes fruits and vegetables, dairy and even frozen goods. With consumers growing quality and convenience conscious, food retailers and manufacturers have no choice but to invest in effective cold storage solutions to keep their food products fresh for longer periods. 

Expansion of E-commerce and Online Grocery Delivery: There is a consistent surge in demand for Cold Storage facilities owing to the accelerated expansion of the e-commerce industry, more specifically, online grocery delivery services. Enhanced customer’s demand for prompt delivery of fresh and frozen products is making retailers invest more and more in sophisticated refrigerated logistics systems to keep with the changing customer needs  

The global cold storage market is led by North America owing to the existing infrastructure coupled with advanced technology and a strong logistics network. Governments and the populace in the region have invested heavily in cold storage facilities since there are stringent laws concerning food safety and there are consumers willing to buy fresh and frozen food products. E-commerce as an industry has also been on the rise with more and more people ordering food hence the rise in demand for cold chain logistics. The role of prominent players alongside the constant evolution of the refrigeration technology further strengthens the market position of North America, turning it into a crucial region for the provision of cold storage services for the purposes of not only internal but external trade as well. 

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Global cold storage market

Report ID: SQMIG45I2145

$5,300
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