Introduction of the Mexico Cold Storage Market Report

The cold storage refers to a room set up for preserving the freshness, taste, flavour and shelf life of perishable products such as fruits, vegetables, meat, fish, dairy, bakery products, confectionery, pharmaceutical products, and others by keeping items much cooler than regular room temperature.

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Market Dynamic

Key Drivers and Emerging Trends

The cold storage market in Mexico is expected to grow at a substantial rate over the forecast period owing to the growing demand of healthy and quality food products, rising demand for perishable goods including fruits, vegetables, medicines, processed foods, Dairy products, and seafood among consumers and increase in the purchase of groceries through e-commerce channels. Additionally, cold storages offer extended shelf life to perishable goods including fresh agricultural produce, confectionery products, and frozen foods; adjustable temperature to control the moisture content of the products; and help in minimising waste and save money by controlling spoilage of commodities including medicines, vaccines, and food among others. Furthermore, the growing automation in warehouse management, advancement in refrigerated transport and storages, implementation of monitoring components including telematics, RFID devices, sensors, and data loggers, tracking device, and networking devices for improving performance of refrigerated storage is projected to provide huge growth opportunities to the cold storage market in Mexico over the forecast period.

Restraint in the Mexico Cold Storage Market

However, lack of skilled labour for the implementation and maintenance of technologies including advanced automation software, and tracking systems in cold storage facilities is further hampering the market growth in Mexico. Additionally, high capital investment for the development of the cold storage is expected to restraint the growth of the market.

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Rapid urbanization, the rising disposable income of consumers, changing tastes and preferences coupled with the demand for convenient and ready to eat food including frozen pizzas, desserts, and snacks is expected to augment the market over the forecast period.  Rising technological advancement and implementation of advance technologies including GPS tracking, remote temperature monitoring, robots, truckload automation, energy management, and automated warehouse management that help in controlling humidity and moisture, calculate inventory counts, and offer contingency plans in case of any disaster. This is anticipated to drive the growth of the market.

Growing number of industries including food & beverages, pharmaceutical, cosmetic, confectionery and bakery, and seafood among others together with rising focus on developing eco-friendly storage systems and zero wastage of products is projected to propel the demand of cold storages in the country for storing and shiping groceries, medicines, and other temperature-sensitive products.

On the basis of construction, the market is segmented into bulk storage, production stores, and ports. The bulk store segment is expected to account for a large share in the market. This can be attributed to the increase in the demand of bulk cold storages for storing fruits and vegetables, flour, cooking ingredients, and canned goods and protect them from spoilage.

Based on Application, the market is segmented into fruits & vegetables, dairy, fish, meat & seafood, processed food, and others. Among these segments, the pharmaceutical segment is anticipated to witness significant growth over the forecast period owing to the rising demand of medicines and vaccines primarily due to the outbreak of coronavirus. Moreover, Mexico is one of the largest producers of flowers and fruits which is further expected to contribute to the growth and development of cold storage industry in Mexico.

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Top Market Players

Several notable players operating in the market, include, Qualianz, Laredo Cold Storage, Friopuerto Investment S.L., Darwin Chambers, Frialsa Frigorificos S.A. De C.V., Almacenes Refrigerados Consolidados SA de CV ARCOSA, Accel Worldwide Logistics, Inc., GT+Logistics and others. 

Key Developments:

• • In 2020, Olmo announced the launch of Qualianz, an operating company that integrates over 29 facilities across Mexico and more than 100,000 temperature-controlled pallet positions. 

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Key questions answered in this research report:

• • At what pace is Mexico Cold Storage market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Mexico Cold Storage market? What will be the impact of drivers and restraints in the future?
  • What are the various areas of Mexico 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 Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Regional Coverage	MEXICO
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements