Introduction of Cold Storage Market Report

Cold storage refers to the storage and transportation of temperature-sensitive products and is an integral part of supply chain management. Cold storage permits the precise regulation of humidity, temperature, and maintenance of constant conditions by the use of a ventilation and refrigeration system. The chemical reactions happen at a slower speed, so the products last longer than the usual time. Cold storage warehouse provides a place to store, pack, and deliver the goods.

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The major factors propelling the growth of the cold storage market include the strong demand for cold storage across several countries as a result of the rising international trade along with the growth in the multinational companies in the retail sector. Additionally, several R&D activities and technological advancements in cold storage, such as adding solar technology to the refrigeration units is leading to the development of efficient cold-storage solutions, which will further accelerate the demand of the market in the coming years.

The rising demand for frozen or processed food among the consumers as a result of hectic lifestyle and growth in the spending on the shelf-stable foods is further having a positive impact on the demand of the market. Increasing demand for organized retail and growing preservation of convenience food products due to modernization is attracting many end-users to opt for these systems. The COVID-19 pandemic is likely to accelerate the demand for cold storage systems and solutions, especially in 2020. With the increasing emphasis on staying at home, e-commerce industry is gaining traction as more and more customers are shifting towards online grocery shopping. This will encourage the local grocery stores and other retailer stores, connected to e-commerce, to improve their storage and fulfilment spaces thereby creating a demand for cold storage systems. On the other end, the lack of infrastructure required to withstand the cold chain supplies will hamper the demand of the market.

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Based on storage type, the warehousing segment is expected to increase at a higher CAGR during the forecast period owing to the high adoption of the warehouse for storing several products like vegetables, meat, fruits, and other food products. Increasing urbanization is leading to an increase in the use of the online platform for purchasing grocery, thereby creating a demand for warehouses to maintain the quality of products for a long period of time at the desired temperature.

Based on the application, the processed/Frozen Food segment is anticipated to grow at a higher compound annual growth rate over the forecast period due to the rising utilization of processed and frozen food among the consumers driven by the increasing demand for convenience food. In addition to this, changing lifestyles and food habits of the consumers driven by the increasing disposable income and growing number of working women will have a positive impact on the demand of the segment.

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Based on the region, the North America region is projected to dominate the market during the forecast period owing to the rising adoption of cold storage as a result of the large consumer base in the region. Furthermore, rising demand for frozen or processed food as a result of the high working population and growing investments in the development of the infrastructure for logistics are some other factors driving the growth of the cold storage market in this region.

Various notable players operating in the market include AmeriCold Logistics LLC, Burris Logistics, AGRO Merchants Group, Gulf Drug LLC, Kloosterboer, Henningsen Cold Storage Co., Nordic Logistics, Lineage Logistics Holding, LLC, and Oxford Logistics Group, among others.

Key Developments:

• • In 2019, AmeriCold Logistics LLC acquired Cloverleaf cold storage. Through this acquisition, the company acquired a portfolio having 22 facilities, in which 21 are owned, and one is managed.
  • In 2019, AGRO Merchants Group acquired the Iberian operation of Friopuerto to increase its presence in a region having high trade in fish and vegetables. The company purchased one cold store in Spain and two facilities in Portugal.

The global cold storage market has been segmented on the basis of type, application, verticals, storage type, and region. Based on type, the market is segmented freezer, chiller, and blast freezer. Based on the application, the market is segmented into meat & seafood, fish, pharmaceuticals, dairy, processed/frozen food, fruits & vegetables, industrial chemicals, and others. Based on the verticals, the market is segmented into healthcare & hospitality, government & transportation, retail & logistics, and industry & manufacturing. Based on the storage type, the market is segmented into refrigerator ships, refrigerated containers, air cargo, warehousing, refrigerated trucks, and other storage type.

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Key questions answered in this research report:

• • At what pace is the global cold storage market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global cold storage market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global cold storage market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various verticals of the cold storage market, and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Application, By Verticals, By Storage Type, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	AmeriCold Logistics LLC, Burris Logistics, AGRO Merchants Group, Gulf Drug LLC, Kloosterboer, Henningsen Cold Storage Co., Nordic Logistics, Lineage Logistics Holding, LLC, and Oxford Logistics Group, among others; a total of 10 companies covered
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Cold Storage Market by Type

• • Freezer
  • Chiller
  • Blast Freezer

Global Cold Storage Market by Application

• • Meat & Seafood
  • Fish
  • Pharmaceuticals
  • Dairy
  • Processed/Frozen Food
  • Fruits & Vegetables
  • Industrial Chemicals
  • Others

Global Cold Storage Market by Verticals

• • Healthcare & Hospitality
  • Government & Transportation
  • Retail & Logistics
  • Industry & Manufacturing

Global Cold Storage Market by Storage Type

• • Refrigerator Ships
  • Refrigerated Containers
  • Air Cargo
  • Warehousing
  • Refrigerated Trucks
  • Other Storage Type

Global Cold Storage Market by Region

• • North America Cold Storage Market (Option 1: As a part of the free 25% customization)
    • North America Market by Type
    • North America Market by Application
    • North America Market by Verticals
    • North America Market by Storage Type
    • US Market All-Up
    • Canada Market All-Up
  • Europe Cold Storage Market (Option 2: As a part of the free 25% Customization)
    • Europe Market by Type
    • Europe Market by Application
    • Europe Market by Verticals
    • Europe Market by Storage Type
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Cold Storage Market (Option 3: As a part of the free 25% Customization)
    • Asia-Pacific Market by Type
    • Asia-Pacific Market by Application
    • Asia-Pacific Market by Verticals
    • Asia-Pacific Market by Storage Type
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Cold Storage Market (Option 4: As a part of the free 25% Customization)
    • RoW Market by Type
    • RoW Market by Application
    • RoW Market by Verticals
    • RoW Market by Storage Type
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Cold Storage Leading Market Players (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • AmeriCold Logistics LLC
  • Burris Logistics
  • AGRO Merchants Group
  • Gulf Drug LLC
  • Kloosterboer
  • Henningsen Cold Storage Co.
  • Nordic Logistics
  • Lineage Logistics Holding, LLC
  • Oxford Logistics Group