Report Segment | Consumer | Report ID – CGRI8018
Cold Storage Market Overview:
The market for Cold Storage was valued at XX Bn USD in the year 2023 and expected to reach XX Bn by the year 2030. The CAGR for the market is XX% during the period 2024 -2030.
Cold storage refers to the controlled storage of goods, typically perishable items like food, pharmaceuticals, chemicals, and biological materials, at low temperatures to maintain their quality, safety, and longevity. The process involves refrigeration (typically between 0°C and 8°C) or freezing (below 0°C), depending on the nature of the product, and is essential for preventing the growth of bacteria, fungi, and other microorganisms that cause spoilage.Â
Cold storage facilities can vary in scale, from small walk-in refrigerators in retail stores to large, automated warehouses with advanced temperature management systems that can maintain precise conditions over extended periods. This method is crucial in industries such as food production and distribution, healthcare (for storing vaccines and medical supplies), and biotechnology, ensuring that products remain fresh, effective, and safe until they reach consumers or are used in production processes.
Cold Storage Market Growth Indicators:
Expanding E-Commerce and Online Grocery Deliveries
The need for cold storage solutions has grown dramatically as a result of the quick growth of e-commerce, particularly in the online grocery and meal kit delivery industries. Businesses must make sure that fresh food, frozen goods, and other temperature-sensitive products stay secure, fresh, and in ideal condition during the delivery process as more customers choose to buy them online. As a result of this change, temperature-controlled supply chains have expanded, and cold storage facilities are essential to preserving product integrity from distribution hubs to last-mile delivery. The expanding number of home deliveries and the rising demand from customers for prompt, dependable service further exacerbate the need for effective cold storage infrastructure.Cold storage helps mitigate the risk of spoilage and waste, ensuring that food items arrive in perfect condition, which is essential for retaining customer trust and meeting the growing demands of the e-commerce market.
Cold Storage Market Report Segments Overview:
Type Segment Overview
On the basis of Type, the market is categorised into Public and Private/Semi-Private.The Private/Semi-Private segment is the leading category in the cold storage market, primarily due to the dominance of private companies in providing specialised and flexible cold chain solutions across various industries. Private and semi-private cold storage operators tend to have more agile business models, enabling them to quickly adapt to the evolving needs of industries like food, pharmaceuticals, and e-commerce. These companies often offer a wide range of customizable services, including temperature-controlled warehousing, transportation, and value-added solutions, which are crucial for businesses dealing with perishable goods. Additionally, private companies typically invest more aggressively in technological advancements such as automation, real-time tracking, and energy-efficient refrigeration systems, allowing them to enhance operational efficiency and reduce costs.
Construction Type Segment Overview
On the basis of Construction Type, the market is categorised into Ports, Bulk Storage and Production Stores. Because of its scalability, affordability, and vital function in managing substantial quantities of perishable items, the bulk storage segment dominates the cold storage market. Bulk storage facilities are a vital component of the supply chain for both producers and distributors since they are made to centrally store huge amounts of temperature-sensitive goods including meat, seafood, dairy, and frozen foods. These highly automated facilities frequently have cutting-edge refrigeration systems that enable effective, long-term storage, minimising waste and spoiling. Bulk storage facility expansion has been fueled by the necessity for centralised distribution hubs in the global food supply chain as well as the rising demand for processed, packaged, and bulk food items.
Temperature Type Segment Overview
On the basis of Temperature Type, the market is categorised into Chilled, Frozen and Deep Frozen. Due to the high demand for frozen food products, which are essential to the global food supply chain, the frozen segment leads the cold storage market. To preserve their quality and avoid spoiling, frozen foods such as meats, fish, vegetables, ready-to-eat meals, and baked goods must be stored at temperatures usually between -18°C and -25°C. One of the main reasons for this market’s domination is the popularity of frozen foods, especially in established and rising nations. The market for frozen cold storage has grown as a result of consumers’ increasing preferences for convenience, long shelf life, and the capacity to keep food for lengthy periods of time without sacrificing quality. Additionally, advancements in freezing technology and the increase in frozen food exports worldwide have contributed to the rapid growth of frozen storage facilities.
Application Segment Overview
On the basis of Application, the market is categorised into Dairy Products, Fish, Meat & Seafoods, Fruits & Vegetables, Bakery & Confectionery, Pharmaceuticals and Others. The market for cold storage is led by the meat and seafood industry, mainly because of the increasing demand for perishable animal-based goods that need exact temperature control to preserve quality, safety, and freshness. Products made from meat and fish are more prone to spoiling, therefore in order to prolong their shelf life and stop bacteria from growing, they must be kept at low temperatures, usually in the frozen or deep-frozen range. The expansion of cold storage facilities devoted to meat and seafood has been fueled by the growing demand for these goods worldwide as well as by the growing consumption of processed and ready-to-eat foods. Furthermore, the meat and seafood sector depends heavily on effective cold chain logistics for both domestic and international export, which makes the cold storage segment essential to supplying the demands of the global supply chain.
Cold Storage Market Regional Outlook:
Fastest Growing Region: Asia Pacific
The Asia-Pacific (APAC) region is the fastest-growing market for cold storage, driven by several key factors. Rapid urbanisation, rising disposable incomes, and changing dietary preferences in countries like China, India, and Southeast Asian nations are fueling a surge in demand for perishable goods, including fresh produce, meat, dairy, and pharmaceuticals. As the middle class expands and consumer preferences shift toward higher-quality and healthier food options, the need for efficient cold storage solutions to preserve the shelf life and safety of these products grows significantly. Additionally, the e-commerce boom in the region, particularly in food delivery and online grocery sales, is creating a need for an increasingly sophisticated cold chain infrastructure to ensure timely and safe deliveries. Furthermore, the APAC region is experiencing significant investment in cold storage facilities due to government support for food security and logistics development.Â
Cold Storage Market Players Mapping:
Recent Activity by companies in Cold Storage Market
In April 2024 Americold Realty Trust, a world leader in value-added services, real estate, and temperature-controlled logistics, formally started construction of a new cold storage facility in Kansas City, Missouri, valued at $127 million. The corporation’s new investment in Missouri was celebrated by state and local leaders with company executives. The business intends to add around 190 new jobs in the area. The strategic partnership with Canadian Pacific Kansas City (CPKC) to co-locate Americold warehouse buildings on the CPKC network includes the new 335,000-square-foot facility in Kansas City.
Cold Storage Market Coverage:
By Type
By Construction Type
By Temperature Type
By Application
By Region:
Cold Storage Market Report Outlook
Cold Storage Market Coverage | 2019- 2030 |
Fastest Growing Region | Asia Pacific |
Cold Storage Market Forecast | 2024 – 2030 |
Historical Data | 2019 – 2022 |
Base Year | 2023 |
Competition Benchmarking | 10 + Key Players Mapping |
Report Format | PPT + PDF + Excel |
List of Tables:
List of Figures:
Data Collection and Research:
As a market research and consulting firm with extenstive experience, we have published numerous reports and provided strategic guidance to clients worldwide. Our research process begins with a thorough evaluation of existing data and insights from previously published reports. We gather historical and current market information from sources such as investor presentations, annual reports, SEC filings, and company performance data, leveraging paid databases. Additionally, we consult a variety of publicly available publications for further context.
To obtain both technical and market-specific insights, we engage with industry associations, trade organizations, technical forums, and research institutes. Their publications, including research papers, blogs, and press releases, offer valuable market cues. Moreover, we meticulously analyze white papers, journals, magazines, and news articles published in the last four years to identify and interpret the latest market trends.
Research Compilation and Data Sourcing
The primary interview analysis is based on data gathered from interviews with industry participants and responses to survey questions collected by our in-house research team.
For primary research, we engage with industry professionals such as CEOs, Marketing and Sales Managers, VPs, and Subject Matter Experts from both the demand and supply sides to gain a comprehensive understanding of the market. Our primary research team conducts multiple interviews, tailored to the complexity of each market, to capture key trends and dynamics, ensuring the research is both reliable and accurate.
Research interview are leverage for following key parameters:
Primary research is conducted through email communications and telephone interviews, targeting each market, category, segment, and sub-segment across various regions. The participants in this process typically include, but are not limited to:
Industry professionals: VPs, business development managers, market intelligence managers, and national sales managers.
External experts: Valuation specialists, research analysts, and key opinion leaders with expertise in the sepcific market sectors.
Primary respondents breakup:
Upon receiving confirmation from primary research sources or respondents, we finalize the base year market estimates and proceed to forecast data. This is done by incorporating the macroeconomic and microeconomic factors evaluated during the data collection phase.
Data Analysis:
After validating the data through secondary and primary sources, we refine the market estimations by developing hypotheses and performing factor analysis at both regional and national levels.
3.1 Macro-Economic Factor Analysis:
We assess macroeconomic indicators such as Gross Domestic Product (GDP), changes in demand across industries, technological advancements, regional economic growth, government policies, the impact of COVID-19, and PEST analysis. This evaluation helps establish benchmarks for different nations and regions and approximates market segments. Additionally, the general trends in these factors assist in identifying potential market growth opportunities.
3.2 Country Level Data:
To determine the market size for specific regions and countries, we consider various country-specific factors. These include the presence of vendors (headquarters and offices), the country’s GDP, demand patterns, and industry growth. We examine growth drivers, inhibitors, application areas, and current market trends to understand the dynamics within each nation. This analysis is crucial for assessing the growth potential of the market in each country.
3.3 Company Profile:
The “Table of Contents” includes a detailed analysis of over 25 to 30 companies operating within the market ecosystem across different geographies. Typically, our syndicate reports profile 10 companies, representing leading, emerging, and regional players. However, our analysis extends beyond these 10 companies to ensure a comprehensive understanding of market trends. The “Company Profiles” section features key facts, business descriptions, products and services, financial information, SWOT analysis, and key developments. Financial data is sourced from annual reports and official documents of publicly listed companies, and is verified through primary sources before compilation. This company-level information is essential for determining the base number and forecasting market size.
3.4 Developing Base Number:
We aggregate sales data, macroeconomic factors, and insights from secondary and primary research to establish the base number and market shares for the base year. This phase involves identifying data gaps and analyzing relevant market data from paid interviews or databases. After finalizing the base year market size, we develop forecasts based on macroeconomic factors, industry growth, and company-level analysis.
Data Triangulation and Final Review:
We validate market findings and base year calculations through both supply and demand-side evaluations. Demand-side validations are based on macroeconomic analysis and regional benchmarks, while supply-side validations involve estimating revenues of major companies using industry benchmarks, employee numbers, product portfolios, and primary interviews. We assess revenue from target product/service segments to ensure accurate market statistics. Significant deviations between supply and demand values prompt a re-evaluation to achieve consistency.
Our iterative approach involves sharing research findings with Subject Matter Experts and Key Opinion Leaders until a consensus view is achieved. This process helps mitigate drastic deviations in expert opinions. We use data triangulation—validating information from secondary sources with primary interviews and re-verifying with internal databases and experts—to ensure high-quality, reliable data is delivered efficiently.
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