Cold Storage Market is accounted for USD 78,172 million in 2020, growing at a robust CAGR of 8.0% during forecast period.

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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Market Dynamic

Key Drivers and Emerging Trends

Growing demand for frozen food across the globe is a significant factor bolstering the growth of the cold storage market. The extended shelf-life of food and consumer preference to stock up food in case of any calamity are the primary factors that have pushed the market’s growth. In addition, as per the cold storage market report, increasing refrigerated warehouse capacity across Asia-pacific countries like China and India is another factor pushing the storage of food products. For instance, “The Federation of Indian Chambers of Commerce & Industry” stated that the cold storage capacity has increased by 2.67% from 2016-to 2018, respectively. It has contributed to the market’s overall growth as India is one of the largest cold chain industries, as stated by the ‘Cold Chain Alliance.

Furthermore, the expansion in e-commerce industry is propelling the cold storage market size. Increasing demand for e-commerce retail deliveries is likely to spark more units of refrigerated facilities. In 2019, Amazon India officially announced that the company would soon begin offering free 2-hour delivery for Amazon Prime members. Due to changes witnessed in consumer preference, it will have a holistic impact on demand for refrigerated storage warehouse facilities.

Restraint in the Cold Storage Market

However, high labor and electricity cost in the cold storage industry is a primary factor that is likely to hamper the cold storage market share over the forecast period.

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Temperature – Segment Analysis

Based on the temperature, the frozen segment is dominating the market. It is likely to capture the maximum pie of the revenue in the forecast period. A significant shift was observed in the consumer preference for frozen food as it saves the customers’ time. In addition, according to American Frozen Food Institute, the sales of frozen food in the US have increased from 0.3% in 2016 to 2% in 2020, which projects the potential of the frozen food segment in the market.

End-Use Industry – Segment Analysis

Based on the end-use industry, the food and beverage segment is expected to dominate the market over the forecast period; this is due to the ever-increasing demand for frozen food coupled with the strategic expansions by the leading players. For instance, leading food and beverage manufacturers are investing and expanding the cold storage capacity, which is driving the food and beverage industry. For instance, in 2021, Dialog and Nestlé officially announced the launch of Sri Lanka’s first automated food cold storage temperature monitoring solution, contributing to segmental growth.

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Regional – Segment Analysis:

Based on the regional coverage, Asia-Pacific is expected to grow at a higher CAGR in the market over the forecast period. Leading players of the market are focusing more on the regions such as China, Australia, and India, as they have more capacity and demand at the same time. These economies are acting as opportunities for the players, which has certainly led to investments in the region. For instance, in Australia, Americold partnered with Woolworths, the country’s largest grocer, to build three cold storage facilities with a total investment of approximately US$600 million. In return, Woolworths entered into lease agreements and warehouse service agreements with Americold for an initial term of 20 years.

Top Market Players

Various notable players operating in the market, include, Lineage Logistics, AmeriCold Logistics LLC, US Cold Storage, Inc, NewCold Advanced Cold Logistics, Nichirei Logistics Group, Inc., VersaCold Logistics Services, Burris Logistics, Congebec, Oxford Logistics Group, LOGISTICA Egypt, among others.

Key Developments:

• • In 2021, Lineage Logistics officially announced the acquisition of Frigorificos de Navarra, one of the leading operators of refrigerated storage facilities based in Spain. This strategic acquisition has helped the company enter the Spanish cold chain market and expand storage services and capacity.
  • In 2021, AmeriCold Logistics LLC officially acquired Agro Merchants Group for USD 1.74 billion, helping the company become the leading player in the cold storage market. This strategic foot will help the company in expanding its footprint in Europe and the Eastern U.S.

Segments covered in the Report:

The global cold storage market has been segmented based on type, temperature, end-use industry, and regions. Based on type, the market is segmented into private and semi-private warehouses and public warehouses. Based on temperature, the market is segmented into chilled and frozen. Based on the end-use industry, the market is segmented into food and beverage, pharmaceutical industry, and others.

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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 2020 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	2020
Market Forecast Period	2021-2028
Market Revenues (2020)	USD 78,172 Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Temperature, By End-Use Industry, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Lineage Logistics, AmeriCold Logistics LLC, US Cold Storage, Inc, NewCold Advanced Cold Logistics, Nichirei Logistics Group, Inc., VersaCold Logistics Services, Burris Logistics, Congebec, Oxford Logistics Group, LOGISTICA Egypt, 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

• • Private and Semi-Private Warehouses
  • Public Warehouses

Global Cold Storage Market by Temperature

• • Chilled
  • Frozen

Global Cold Storage Market by End-Use Industry

• • Food and Beverage
  • Pharmaceutical Industry
  • Others

Global Cold Storage Market by Region

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

• • Lineage Logistics
  • AmeriCold Logistics LLC
  • US Cold Storage, Inc
  • NewCold Advanced Cold Logistics
  • Nichirei Logistics Group, Inc.
  • VersaCold Logistics Services
  • Burris Logistics
  • Congebec
  • Oxford Logistics Group
  • LOGISTICA Egypt