GVR Report cover Cold Storage Market Size, Share & Trends Report

Cold Storage Market Size, Share & Trends Analysis Report By Storage Type (Facilities/Services, Equipment), By Temperature Range (Chilled, Frozen), By Application, By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-2-68038-225-9
  • Number of Pages: 100
  • Format: Electronic (PDF)
  • Historical Range: 2017 - 2023
  • Industry: Technology

Cold Storage Market Size & Trends

The global cold storage market size was estimated at USD 119.8 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 17.5% from 2023 to 2030. The market has benefitted significantly from the strict regulations governing the supply and production of temperature-sensitive products. The industry is expected to grow significantly over the forecast period owing to growing organized retail sectors in developing economies. Moreover, rising automation in refrigerated warehouses is projected to boost demand further. Warehouse automation includes cloud technology, conveyor belts, robots, energy management, and truck-loading automation. Refrigerated storage has become integral to supply chains when storing and transporting temperature-sensitive products. In addition, the growing perishable product trade is also expected to boost the demand for refrigerated storage solutions over the next few years.

U.S. Cold Storage market size and growth rate, 2024 - 2030

Players in the cold storage market are adopting low-carbon designs and investing in environmental auditing and innovative construction methods. A low-carbon design that minimizes energy consumption can lead to more sustainable and environment-friendly warehouses. Using energy-efficient technologies, such as intelligent automation and control systems, can reduce energy costs and lower the carbon footprint of these facilities.

The need for a high initial investment to establish a cold storage facility is among the key factors hampering the growth of the cold storage industry. Cold storage facilities require significant investment to construct the unit, install the necessary equipment, and maintain and repair the infrastructure. This cost can be especially high for companies just starting in the market, as they need to invest in high-quality infrastructure, refrigeration systems, and insulation to ensure proper temperature control and energy efficiency.

Market Concentration & Characteristics

The cold storage market growth stage is high. Globalization of the food supply chain, changing customer preferences, and the growing need to preserve medications and other temperature-sensitive goods have altogether contributed to an increase in the demand for cold storage facilities.The industry's adaptability to shifting consumer preferences and dietary trends is one prominent attribute. The increasing preference of consumers for fresh and perishable commodities has led to a surge in the need for cold storage facilities to maintain the integrity and quality of these goods. Not only are industrialized nations like North America and Europe observing this trend, but emerging markets are as well, as increased wealth and urbanization are causing a change in consumer behavior.

Cold Storage Market Concentration & Characteristics

The target market is also characterized by a high level of mergers & acquisitions by the leading players. The high level of mergers and acquisitions (M&A) in the cold storage market is driven by the pursuit of market consolidation and strategic expansion. Cold storage operators are engaging into such growth strategies to constantly upgrade their technology and stay ahead of the competition. To expand their services and offer end-to-end solutions, players also collaborate with logistics suppliers, transportation corporations, or technology organizations. Through these partnerships, participants can improve their skills and maintain their competitive edge in a market that is evolving constantly.

The complex regulatory environment around cold storage is essential to guaranteeing security, excellence, and adherence to standards of temperature-controlled storage facilities. Policies differ from region to region and are intended to handle the particular difficulties that come with storing medications, perishable commodities, and other items that are sensitive to temperature. Aspects including equipment standards, facility design, and environmental considerations are all covered under the regulatory framework. Strict regulations are imposed on the distribution and storage of pharmaceutical items by regulatory bodies including the European Medicines Agency (EMA) and the U.S. Food and Drug Administration (FDA). Good Distribution Practice (GDP) compliance is essential to preserving the safety and effectiveness of pharmaceuticals, and cold storage facilities need to follow these guidelines to guarantee the integrity of the pharmaceutical supply chain. Refrigerant usage is also regulated by organizations like the US Environmental Protection Agency (EPA) and the EU F-Gas Regulation, which promote the use of greener alternatives and the decrease of greenhouse gas emissions.

A few alternatives and substitutes have emerged in the constantly evolving cold storage industry, providing innovative solutions to concerns related to perishable goods preservation and storage. Hybrid cooling systems provide an innovative way to improve energy efficiency by fusing conventional refrigeration with alternative technologies like thermal energy storage or phase change materials. By optimizing cooling operations in response to variables like demand and energy prices, these systems help lessen the need for constant electrical refrigeration. Insulated containers and pallets equipped with advanced insulation materials and designs offer another option for cold storage consumers. When fitted with heating or cooling components, these containers can regulate temperature during transit and offer an alternate method of product preservation without requiring centralized cold storage facilities.

In many different markets and industries, end-user concentration plays a vital role in shaping pricing strategies, supply and demand dynamics, and overall business stability. This concentration describes the degree to which a company's revenue is largely derived from a small number of clients or customers. End-user concentration can have a significant influence and is frequently evaluated in terms of both opportunities and hazards. Businesses largely depend on a limited number of critical consumers for their revenue in marketplaces where end-user concentration is strong. Businesses frequently adopt tactics like customer diversification, market expansion, and product or service portfolio development to mitigate risks associated with end-user concentration.

Storage Type Insights

Based on storage type, the market is segmented into facilities/services and equipment. The facilities/services segment dominated the overall market, gaining a revenue share of 89.8% in 2022. It is expected to grow at a CAGR of 17.3% from 2023 to 2030 throughout the forecast period. Based on facilities/services, the cold storage industry has been segmented into refrigerated warehouses and cold rooms.

According to the United States Department of Agriculture, in October 2021, the public warehouse capacity held approximately 71% of the gross refrigerated storage capacity in the U.S. A public warehouse is operated as an independent business that offers various services, such as transportation, storage, and handling for a variable or fixed fee. The growing availability and automation of refrigerated warehouse facilities by numerous market players drive the segment's growth.

The equipment segment is anticipated to grow at the fastest CAGR of 19.3% from 2023 to 2030. Factors such as changing food preferences, changing lifestyles, and growing online food delivery services are driving the demand for frozen food globally. Cold storage equipment stores various perishable food items within the specified temperature ranges to avoid spoilage and increase shelf life. The use of such equipment aids in reducing food wastage as the equipment can store food for a longer duration, driving segment growth.

Temperature Range Insights

Based on temperature range, the market has been segmented into chilled (0°C to 15°C), frozen (-18°C to -25°C), and deep-frozen (below -25°C). The frozen (-18°C to -25°C) segment dominated the overall market, gaining a revenue share of more than 61% in 2022. It is expected to grow at a CAGR of 18.7% throughout the forecast period. Rising consumption of frozen foods in emerging markets, such as China and India, is driving segment growth.

Warehouses under this segment are used to store frozen fruits, vegetables, fish, meat, seafood, and other products. Changing consumer preferences as well as the growing consumption of ready-to-cook meals due to convenience will boost the frozen (-18°C to -25°C) segment growth. The proliferation of organized retail chains, including supermarkets and hypermarkets, is also triggering the demand for such products in emerging economies.

The chilled (0°C to 15°C) segment is anticipated to grow at a considerable CAGR of 15.7% throughout the forecast period. Warehouses under the chilled segment store fresh fruits & vegetables, eggs, dairy products, dry fruits, and dehydrated foods, among others. The chilled temperature range is that of a standard refrigerator and prevents the growth of harmful bacteria on perishable food products, preventing decomposition. The need to store and extend the shelf life of temperature-sensitive products is driving segment growth.

Application Insight

Based on application, the market is segmented into pharmaceuticals, food & beverages, and others. The food & beverages segment dominated the overall cold storage industry, gaining a revenue share of more than 77% in 2022. It is expected to grow at a CAGR of 17.3% throughout the forecast period. Refrigerated storage solutions remain vital for safeguarding food items, such as milk and dairy products, against spoilage. Hence, principles governing the deterioration of food substances due to bacterial growth need to be adhered to while storing dairy products in refrigerated warehouses. The need to maintain food quality and simultaneously prevent deterioration is driving the growth of the food & beverages segment.

Global Cold Storage market share and size, 2023

The pharmaceuticals segment is expected to grow at the fastest CAGR of 19.4% over the forecast period. Strict government regulations regarding the manufacturing and distribution of pharmaceutical products are driving the adoption of cold storage solutions. Pharmaceutical products must be preserved in a specific temperature range to maintain efficacy and adhere to temperature regulations. Therefore, the demand for cold chain storage & equipment is rising in the pharmaceutical industry. The optimum temperature range to store and transport vaccines is 2°C to 8°C. Equipment facilitating this optimum temperature range includes cold boxes, ice packs, and refrigerators.

Regional Insight

The North America region led the market with a 34.1% revenue share globally in 2022. The proliferation of connected devices and the presence of a large consumer base are the major factors propelling the region’s growth. The presence of prominent market players, including U.S.-based LINEAGE LOGISTICS HOLDING, LLC; Americold Logistics, Inc.; United States Cold Storage; Canada-based CONESTOGA COLD STORAGE; is aiding the market growth in the region. According to the United States Department of Agriculture, in October 2021, the gross refrigerated warehouse capacity was 3.73 billion cubic feet in the U.S.

Cold Storage Market Trends, by Region, 2024 - 2030

Asia Pacific region is expected to grow at the fastest CAGR of 20.0% over the forecast period. Advances in warehouse management and refrigerated transportation coupled with government subsidies to develop the cold chain industry has enabled service providers to tap these emerging markets by leveraging innovative solutions that can overcome complexities associated with transportation. Developing technological infrastructure and the presence of market players such as India-based Blue Star Limited and Japan-based NICHIREI CORPORATION is driving the segment growth. According to Global Cold Chain Alliance (GCCA), in March 2023, NICHIREI CORPORATION was ranked fifth in temperature-controlled space operated among GCCA members.

Key Companies & Market Share Insights

Some of the key players operating in the market include Americold Logistics, Inc. and Preferred Freeze among others.

  • Americold Logistics, Inc. is a temperature-controlled warehousing and transportation company. The company operates its business through three segments, namely warehouse, third-party managed, and transportation. Its offerings include producer solution and retailer solution. In December 2020, Americold Logistics, Inc. acquired Agro Merchants Group from an investor group for USD 1.59 billion.

  • Preferred Freezer Services, LLC is engaged in the warehousing, cold storage, distribution, and logistics industry. The company offers full-service, temperature controlled warehouse in the U.S. to provide services to retail and food service companies. It also offers public refrigerated warehouse services in China, North America, and Vietnam. In addition, the company provides less-than-truckload/truckload, intermodal, and drayage services. Preferred Freezer has its cold storage facilities in Florida, New Jersey, Georgia, California, Illinois, Massachusetts, Texas, Pennsylvania Virginia, China, and Vietnam. Preferred Freezer Services, LLC is BRC (British Retail Consortium) certified company.

RSA Logistics and LINEAGE LOGISTICS HOLDING, LLC are some of the emerging market participants in the target market.

  • RSA Logistics is a Dubai-based third party logistics company. It provides logistic services, contract logistics, freight operations, distribution, and supply chain management. The company caters to a variety of industries including chemical, automotive, project logistics, and others. Its major services include warehousing, on-site logistics, customs clearance, supply chain distribution, transportation, and freight services.

  • LINEAGE LOGISTICS HOLDING, LLC provides warehousing and logistics solutions to users in various industries. The company’s solutions consist of temperature-controlled public warehousing facilities for storing multiple food commodities, including pork, beef, poultry, bakery products, fruits & vegetables, seafood, ice creams, and vegetables. It also provides port-centric cold chain facilities on the East and West Coasts to serve containerized markets and break bulk.

Key Cold Storage Companies:

  • Americold Logistics, Inc.
  • Al Rai Logistica K.S.C
  • Agro Merchants Group
  • Burris Logistics
  • Barloworld Limited
  • Cloverleaf Cold Storage
  • Gulf Drug LLC
  • Henningsen Cold Storage Company
  • Kloosterboer
  • LINEAGE LOGISTICS HOLDING, LLC
  • Nordic Logistics
  • Oxford Logistics Group
  • Oceana Group Limited
  • Preferred Freezer
  • RSA Logistics
  • Swire Group
  • VersaCold Logistics Services
  • United States Cold Storage
  • Wared Logistics
  • Wabash National Corporation

Recent Developments

  • In March 2023, Americold announced a strategic investment in the Dubai-based RSA Cold Chain, an established regional cold storage operator which begun operating in 2017. Americold’s minority ownership will help realize the company’s plans to expand locally, pursue strategic development avenues in the Middle East and neighboring markets, and connect RSA Cold Chain to its global network

  • In February 2023, Lineage Logistics introduced its ‘Lineage Fresh’ service in Europe, which offers storage solutions for leading grocers, producers, and importers of fresh fruit and produce, at the Fruit Logistica trade show in Berlin. The service, which launched in the U.S. in November 2022, will allow products with a short shelf-life to face fewer obstacles and less risk & spoilage with Lineage’s cold storage technology and strong logistics network

  • In January 2023, GulfDrug inaugurated an advanced supply chain management and training facility in Abu Dhabi for making its medical and pharmaceutical management and distribution more robust and well-connected across the country. The facility has a significantly large cold chain service for storage and distribution, accredited by DAC and certified by Dickson, along with a smart delivery fleet for safe and timely product delivery

  • In November 2022, Lineage Logistics announced the official opening of its fully-automated Cool Port II cold storage facility in the Port of Rotterdam, Netherlands. This deep-freeze high bay warehouse features 60,000 pallet locations, three automated truck unloading systems, as well as a complete range of services for the safe storage and distribution of food products. The facility adds a major European port location to Lineage’s global network of advanced cold storage facilities

  • In October 2022, Oceana Group announced that it was selling its Commercial Cold Storage (CCS) business for 760 million South African rand, as part of a deal to allow the company to invest in and expand its core fishing business. At the time of the agreement, CCS had six cold stores, with five being in South Africa and one in Namibia; of these, three were long-term leases and three were owned. The total storage capacity was around 100,000 pallet spaces

  • In July 2022, RSA Global announced that Seafood Souq (SFS) had selected it as the company’s exclusive global digital freight and supply chain partner. SFS has developed a digital ecosystem to enable procurement of traceable seafood products directly from the source, in support of the UN’s Sustainable Development Goals. RSA Global will be responsible for handling local storage requirements, B2B distribution, and SFS’s global sea and air freight operations

  • In June 2022, Americold announced the opening of its newest facility in Dunkirk, New York. The facility is LEED-certified, has 181,000 square feet of cold storage and operational space, and features 25,000 pallet positions for supporting the cold storage demands in western New York. This made it the company’s first facility in this region and added it to Americold’s portfolio of 250 locations globally at the time

  • In April 2022, United States Cold Storage (USCS) announced the sale of three public refrigerated warehouses in Medley, Florida; Marshville, North Carolina; and La Vista, Nebraska, to Vertical Cold Storage based in South Dakota. The sale enabled USCS to reinvest the proceeds and focus on the further expansion of its Tulare, California facility, as well as the purchase of an additional 39 acres in Turlock for future expansion.

Cold Storage Market Report Scope

Report Attribute

Details

Market size value in 2023

USD 1,38,026.0 million

Revenue forecast in 2030

USD 4,27,626.3 million

Growth Rate

CAGR of 17.5% from 2023 to 2030

Actual Data

2017 - 2023

Forecast period

2023 - 2030

Quantitative units

Revenue in USD Million and CAGR from 2023 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Storage type, temperature range, application, region

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; Mexico; UK; Germany; France; Italy; Spain; Norway; Netherlands; Switzerland; Japan; China; India; South Korea; Singapore; Australia; Brazil; Mexico

Key companies profiled

Americold Logistics, Inc., Al Rai Logistica K.S.C, Agro Merchants Group, Burris Logistics, Barloworld Limited, Cloverleaf Cold Storage, Gulf Drug LLC, Henningsen Cold Storage Company, Kloosterboer, LINEAGE LOGISTICS HOLDING, LLC, Nordic Logistics, Oxford Logistics Group, Oceana Group Limited, Preferred Freezer, RSA Logistics, Swire Group, VersaCold Logistics Services, United States Cold Storage, Wared Logistics

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Global Cold Storage Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global cold storage market report based on storage type, temperature range, application, and region.

Global Cold Storage Market Report Segmentation

  • Storage Type Outlook (Revenue, USD Million; 2017 - 2030)

    • Facilities/Services

      • Refrigerated Warehouse

        • Private & Semi-Private

        • Public

      • Cold Room

    • Equipment

      • Blast freezer

      • Walk-in Cooler and Freezer

      • Deep Freezer

      • Others

  • Temperature Range Outlook (Revenue, USD Million; 2017 - 2030)

    • Chilled (0°C to 15°C)

    • Frozen (-18°C to -25°C)

    • Deep-frozen (Below -25°C)

  • Application Outlook (Revenue, USD Million; 2017 - 2030)

    • Food & Beverages

      • Fruits & Vegetables

      • Fruit Pulp & Concentrates

      • Dairy Products

        • Milk

        • Butter

        • Cheese

        • Ice cream

        • Others

      • Fish, Meat, and Seafood

      • Processed Food

      • Bakery & Confectionary

      • Others

    • Pharmaceuticals

      • Vaccines

      • Blood Banking

      • Others

    • Others

  • Regional Outlook (Revenue, USD Million; 2017 - 2030)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

      • France

      • Spain

      • Italy

      • Norway

      • Netherlands

      • Switzerland

      • Russia

    • Asia Pacific

      • China

      • Japan

      • India

      • Singapore

      • South Korea

      • Australia

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

      • Kingdom of Saudi Arabia (KSA)

      • UAE

      • South Africa

Frequently Asked Questions About This Report

Table of Contents

Chapter 1. Cold Storage Market: Methodology and Scope
                   1.1. Market Segmentation & Scope
                   1.2. Market Definitions
                   1.3. Research Methodology
                   1.4. Research Assumptions
                   1.5. List of Data Sources
                       1.5.1. Secondary Sources
                       1.5.2. Primary Sources
Chapter 2. Cold Storage Market: Executive Summary
                   2.1. Market Snapshot
                   2.2. Segmental Snapshot
                   2.3. Competitive Landscape Snapshot
Chapter 3. Cold Storage Market: Variables, Trends, & Scope Outlook
                   3.1. Market Lineage Outlook
                   3.2. Cold Storage Market Value Chain Analysis
                   3.3. Cold Storage Market Dynamics
                       3.3.1. Market Driver Analysis
                       3.3.2. Market Restraint/Challenge Analysis
                       3.3.3. Market Opportunity Analysis
                   3.4. Industry Analysis - Porter’s Five Forces Analysis
                       3.4.1. Supplier Power
                       3.4.2. Buyer Power
                       3.4.3. Substitution Threat
                       3.4.4. Threat of New Entrants
                       3.4.5. Competitive Rivalry
                   3.5. Cold Storage Market PESTEL Analysis
                       3.5.1. Political Landscape
                       3.5.2. Economic Landscape
                       3.5.3. Social Landscape
                       3.5.4. Technology Landscape
                       3.5.5. Environmental Landscape
                       3.5.6. Legal Landscape
                   3.6. Impact of COVID-19 on the Cold Storage Market
Chapter 4. Cold Storage Market Storage Type Outlook
                   4.1. Cold Storage Market, By Type Analysis & Market Share, 2022 & 2030
                   4.2. Facilities/Services
                       4.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
                       4.2.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
                       4.2.3. Refrigerated warehouse
                           4.2.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
                           4.2.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
                       4.2.4. Cold room
                           4.2.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
                           4.2.4.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
                   4.3. Equipment
                       4.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
                       4.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
                       4.3.3. Blast freezer
                           4.3.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
                           4.3.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
                       4.3.4. Walk-in cooler and freezer
                           4.3.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
                           4.3.4.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
                       4.3.5. Deep freezer
                           4.3.5.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
                           4.3.5.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
                       4.3.6. Others
                           4.3.6.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
                           4.3.6.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
Chapter 5. Cold Storage Market Temperature Range Outlook
                   5.1. Cold Storage Market, By Temperature Range Analysis & Market Share, 2022 & 2030
                   5.2. Chilled (0°C to 15°C)
                       5.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
                       5.2.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
                   5.3. Frozen (-18°C to -25°C)
                       5.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
                       5.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
                   5.4. Deep-frozen (Below -25°C)
                       5.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
                       5.4.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
Chapter 6. Cold Storage Market Application Outlook
                   6.1. Cold Storage Market, By Application Analysis & Market Share, 2022 & 2030
                   6.2. Food & Beverages
                       6.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
                       6.2.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
                       6.2.3. Fruits & Vegetables
                           6.2.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
                           6.2.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
                       6.2.4. Fruit Pulp & Concentrates
                           6.2.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
                           6.2.4.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
                       6.2.5. Dairy products
                           6.2.5.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
                           6.2.5.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
                       6.2.6. Fish, meat, and Seafood
                           6.2.6.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
                           6.2.6.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
                       6.2.7. Processed Food
                           6.2.7.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
                           6.2.7.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
                       6.2.8. Bakery & Confectionary
                           6.2.8.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
                           6.2.8.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
                       6.2.9. Others
                           6.2.9.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
                           6.2.9.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
                   6.3. Pharmaceuticals
                       6.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
                       6.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
                       6.3.3. Vaccines
                           6.3.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
                           6.3.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
                       6.3.4. Blood Banking
                           6.3.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
                           6.3.4.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
                       6.3.5. Others
                           6.3.5.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
                           6.3.5.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
                   6.4. Others
                       6.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
                       6.4.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
Chapter 7. Cold Storage Market: Regional Estimates & Trend Analysis
                   7.1. Cold Storage Market Share by Region, 2022 & 2030
                   7.2. North America
                       7.2.1. Market estimates and forecasts, 2017 - 2030
                       7.2.2. Market estimates and forecasts, By Storage Type, 2017 - 2030 (USD Million)
                       7.2.3. Market estimates and forecasts, By Temperature Range, 2017 - 2030 (USD Million)
                       7.2.4. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
                       7.2.5. U.S.
                           7.2.5.1. Market estimates and forecasts, By Storage Type, 2017 - 2030 (USD Million)
                           7.2.5.2. Market estimates and forecasts, By Temperature Range, 2017 - 2030 (USD Million)
                           7.2.5.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
                       7.2.6. Canada
                           7.2.6.1. Market estimates and forecasts, By Storage Type, 2017 - 2030 (USD Million)
                           7.2.6.2. Market estimates and forecasts, By Temperature Range, 2017 - 2030 (USD Million)
                           7.2.6.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
                   7.3. Europe
                       7.3.1. Market estimates and forecasts, 2017 - 2030
                       7.3.2. Market estimates and forecasts, By Storage Type, 2017 - 2030 (USD Million)
                       7.3.3. Market estimates and forecasts, By Temperature Range, 2017 - 2030 (USD Million)
                       7.3.4. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
                       7.3.5. Germany
                           7.3.5.1. Market estimates and forecasts, By Storage Type, 2017 - 2030 (USD Million)
                           7.3.5.2. Market estimates and forecasts, By Temperature Range, 2017 - 2030 (USD Million)
                           7.3.5.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
                       7.3.6. U.K.
                           7.3.6.1. Market estimates and forecasts, By Storage Type, 2017 - 2030 (USD Million)
                           7.3.6.2. Market estimates and forecasts, By Temperature Range, 2017 - 2030 (USD Million)
                           7.3.6.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
                       7.3.7. France
                           7.3.7.1. Market estimates and forecasts, By Storage Type, 2017 - 2030 (USD Million)
                           7.3.7.2. Market estimates and forecasts, By Temperature Range, 2017 - 2030 (USD Million)
                           7.3.7.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
                       7.3.8. Spain
                           7.3.8.1. Market estimates and forecasts, By Storage Type, 2017 - 2030 (USD Million)
                           7.3.8.2. Market estimates and forecasts, By Temperature Range, 2017 - 2030 (USD Million)
                           7.3.8.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
                       7.3.9. Italy
                           7.3.9.1. Market estimates and forecasts, By Storage Type, 2017 - 2030 (USD Million)
                           7.3.9.2. Market estimates and forecasts, By Temperature Range, 2017 - 2030 (USD Million)
                           7.3.9.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
                       7.3.10. Norway
                           7.3.10.1. Market estimates and forecasts, By Storage Type, 2017 - 2030 (USD Million)
                           7.3.10.2. Market estimates and forecasts, By Temperature Range, 2017 - 2030 (USD Million)
                           7.3.10.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
                       7.3.11. Netherlands
                           7.3.11.1. Market estimates and forecasts, By Storage Type, 2017 - 2030 (USD Million)
                           7.3.11.2. Market estimates and forecasts, By Temperature Range, 2017 - 2030 (USD Million)
                           7.3.11.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
                       7.3.12. Switzerland
                           7.3.12.1. Market estimates and forecasts, By Storage Type, 2017 - 2030 (USD Million)
                           7.3.12.2. Market estimates and forecasts, By Temperature Range, 2017 - 2030 (USD Million)
                           7.3.12.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
                       7.3.13. Russia
                           7.3.13.1. Market estimates and forecasts, By Storage Type, 2017 - 2030 (USD Million)
                           7.3.13.2. Market estimates and forecasts, By Temperature Range, 2017 - 2030 (USD Million)
                           7.3.13.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
                   7.4. Asia Pacific
                       7.4.1. Market estimates and forecasts, 2017 - 2030
                       7.4.2. Market estimates and forecasts, By Storage Type, 2017 - 2030 (USD Million)
                       7.4.3. Market estimates and forecasts, By Temperature Range, 2017 - 2030 (USD Million)
                       7.4.4. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
                       7.4.5. China
                           7.4.5.1. Market estimates and forecasts, By Storage Type, 2017 - 2030 (USD Million)
                           7.4.5.2. Market estimates and forecasts, By Temperature Range, 2017 - 2030 (USD Million)
                           7.4.5.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
                       7.4.6. Japan
                           7.4.6.1. Market estimates and forecasts, By Storage Type, 2017 - 2030 (USD Million)
                           7.4.6.2. Market estimates and forecasts, By Temperature Range, 2017 - 2030 (USD Million)
                           7.4.6.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
                       7.4.7. India
                           7.4.7.1. Market estimates and forecasts, By Storage Type, 2017 - 2030 (USD Million)
                           7.4.7.2. Market estimates and forecasts, By Temperature Range, 2017 - 2030 (USD Million)
                           7.4.7.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
                       7.4.8. Singapore
                           7.4.8.1. Market estimates and forecasts, By Storage Type, 2017 - 2030 (USD Million)
                           7.4.8.2. Market estimates and forecasts, By Temperature Range, 2017 - 2030 (USD Million)
                           7.4.8.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
                       7.4.9. South Korea
                           7.4.9.1. Market estimates and forecasts, By Storage Type, 2017 - 2030 (USD Million)
                           7.4.9.2. Market estimates and forecasts, By Temperature Range, 2017 - 2030 (USD Million)
                           7.4.9.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
                       7.4.10. Australia
                           7.4.10.1. Market estimates and forecasts, By Storage Type, 2017 - 2030 (USD Million)
                           7.4.10.2. Market estimates and forecasts, By Temperature Range, 2017 - 2030 (USD Million)
                           7.4.10.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
                   7.5. Latin America
                       7.5.1. Market estimates and forecasts, 2017 - 2030
                       7.5.2. Market estimates and forecasts, By Storage Type, 2017 - 2030 (USD Million)
                       7.5.3. Market estimates and forecasts, By Temperature Range, 2017 - 2030 (USD Million)
                       7.5.4. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
                       7.5.5. Brazil
                           7.5.5.1. Market estimates and forecasts, By Storage Type, 2017 - 2030 (USD Million)
                           7.5.5.2. Market estimates and forecasts, By Temperature Range, 2017 - 2030 (USD Million)
                           7.5.5.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
                       7.5.6. Mexico
                           7.5.6.1. Market estimates and forecasts, By Storage Type, 2017 - 2030 (USD Million)
                           7.5.6.2. Market estimates and forecasts, By Temperature Range, 2017 - 2030 (USD Million)
                           7.5.6.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
                   7.6. Middle East & Africa
                       7.6.1. Market estimates and forecasts, 2017 - 2030
                       7.6.2. Market estimates and forecasts, By Storage Type, 2017 - 2030 (USD Million)
                       7.6.3. Market estimates and forecasts, By Temperature Range, 2017 - 2030 (USD Million)
                       7.6.4. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
                       7.6.5. Kingdom of Saudi Arabia (KSA)
                           7.6.5.1. Market estimates and forecasts, By Storage Type, 2017 - 2030 (USD Million)
                           7.6.5.2. Market estimates and forecasts, By Temperature Range, 2017 - 2030 (USD Million)
                           7.6.5.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
                       7.6.6. UAE
                           7.6.6.1. Market estimates and forecasts, By Storage Type, 2017 - 2030 (USD Million)
                           7.6.6.2. Market estimates and forecasts, By Temperature Range, 2017 - 2030 (USD Million)
                           7.6.6.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
                       7.6.7. South Africa
                           7.6.7.1. Market estimates and forecasts, By Storage Type, 2017 - 2030 (USD Million)
                           7.6.7.2. Market estimates and forecasts, By Temperature Range, 2017 - 2030 (USD Million)
                           7.6.7.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
Chapter 8. Cold Storage Market Competitive Landscape
                   8.1. Key Market Participants
                       8.1.1. Americold Logistics, Inc.
                       8.1.2. Al Rai Logistica K.S.C
                       8.1.3. Agro Merchants Group
                       8.1.4. Burris Logistics
                       8.1.5. Barloworld Limited
                       8.1.6. Cloverleaf Cold Storage
                       8.1.7. Gulf Drug LLC
                       8.1.8. Henningsen Cold Storage Company
                       8.1.9. Kloosterboer
                       8.1.10. LINEAGE LOGISTICS HOLDING, LLC
                       8.1.11. Nordic Logistics
                       8.1.12. Oxford Logistics Group
                       8.1.13. Oceana Group Limited
                       8.1.14. Preferred Freezer
                       8.1.15. RSA Logistics
                       8.1.16. Swire Group
                       8.1.17. VersaCold Logistics Services
                       8.1.18. United States Cold Storage
                       8.1.19. Wared Logistics
                       8.1.20. Wabash National Corporation
                   8.2. Key Company Market Share Analysis, 2022
                   8.3. Company Categorization/Position Analysis, 2022
                   8.4. Strategic Mapping
                       8.4.1. Expansion
                       8.4.2. Acquisition
                       8.4.3. Collaborations
                       8.4.4. Product/service launch
                       8.4.5. Partnerships
                       8.4.6. Others


List of Tables

Table 1 Global cold storage market revenue estimates and forecast, by Storage Type, 2017 - 2030 (USD Million)
Table 2 Global cold storage market revenue estimates and forecast, by Facilities/Services, 2017 - 2030 (USD Million)
Table 3 Global cold storage market revenue estimates and forecast, by Refrigerated Warehouse, 2017 - 2030 (USD Million)
Table 4 Global cold storage market revenue estimates and forecast, by Equipment, 2017 - 2030 (USD Million)
Table 5 Global cold storage market revenue estimates and forecast, by Temperature Range, 2017 - 2030 (USD Million)
Table 6 Global cold storage market revenue estimates and forecast, by Application, 2017 - 2030 (USD Million)
Table 7 Global cold storage market revenue estimates and forecast, by Food & Beverages, 2017 - 2030 (USD Million)
Table 8 Global cold storage market revenue estimates and forecast, by Dairy Products, 2017 - 2030 (USD Million)
Table 9 Global cold storage market revenue estimates and forecast, by Pharmaceuticals, 2017 - 2030 (USD Million)
Table 10 Global cold storage market revenue estimates and forecast, by region, 2017 - 2030 (USD Million)
Table 11 Company heat map analysis
Table 12 Key companies undertaking partnerships and collaboration
Table 13 Key companies launching new product


List of Figures

Fig. 1 Cold storage market segmentation
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market formulation and validation
Fig. 5 Data validating & publishing
Fig. 6 Market snapshot
Fig. 7 Segment snapshot (1/2)
Fig. 8 Segment snapshot (2/2)
Fig. 9 Competitive landscape snapshot
Fig. 10 Cold storage market value, 2017 - 2030 (USD Million)
Fig. 11 Cold storage market - Industry value chain analysis
Fig. 12 Cold storage market - Market trends
Fig. 13 Cold storage market: Porter’s analysis
Fig. 14 Cold storage market: PESTEL analysis
Fig. 15 Cold storage market, by storage type: Key takeaways
Fig. 16 Cold storage market, by storage type: Market share, 2022 & 2030
Fig. 17 Facilities/services cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 18 Equipment cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 19 Cold storage market, by temperature range: Key takeaways
Fig. 20 Cold storage market, by temperature range: Market share, 2022 & 2030
Fig. 21 Chilled (0°C to 15°C) cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 22 Frozen (-18°C to -25°C) cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 23 Deep-frozen (Below -25°C) cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 24 Cold storage market, by application: Key takeaways
Fig. 25 Cold storage market, by application: Market share, 2022 & 2030
Fig. 26 Food & beverages cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 27 Pharmaceuticals cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 28 Others cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 29 North America cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 30 U.S. cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 31 Canada cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 32 Europe cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 33 Germany cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 34 U.K. cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 35 France cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 36 Spain cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 37 Italy cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 38 Norway cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 39 Netherlands cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 40 Switzerland cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 41 Russia cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 42 Asia Pacific cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 43 India cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 44 China cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 45 Japan cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 46 India cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 47 Singapore cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 48 South Korea cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 49 Australia cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 50 Latin America cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 51 Brazil cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 52 Mexico cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 53 Middle East & Africa cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 54 Kingdom of Saudi Arabia (KSA) cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 55 UAE cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 56 South Africa cold storage market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 57 Key company categorization
Fig. 58 Cold storage market - Key company market share analysis, 2022.
Fig. 59 Strategic framework

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Market Segmentation

  • Cold Storage Market Storage Type Outlook (Revenue, USD Million; 2017 - 2030)
    • Facilities/Services
      • Refrigerated Warehouse
        • Private & Semi-Private
        • Public
      • Cold Room
    • Equipment
      • Blast freezer
      • Walk-in Cooler and Freezer
      • Deep Freezer
      • Others
  • Cold Storage Market Temperature Range Outlook (Revenue, USD Million; 2017 - 2030)
    • Chilled (0°C to 15°C)
    • Frozen (-18°C to -25°C)
    • Deep-frozen (Below -25°C)
  • Cold Storage Market Application Outlook (Revenue, USD Million; 2017 - 2030)
    • Food & Beverages
      • Fruits & Vegetables
      • Fruit Pulp & Concentrates
      • Dairy Products
        • Milk
        • Butter
        • Cheese
        • Ice cream
        • Others
      • Fish, Meat, and Seafood
      • Processed Food
      • Bakery & Confectionary
      • Others
    • Pharmaceuticals
      • Vaccines
      • Blood Banking
      • Others
    • Others
  • Cold Storage Market Regional Outlook (Revenue, USD Million; 2017 - 2030)
    • North America
      • North America Cold Storage Market by Storage Type
        • Facilities/Services
          • Refrigerated Warehouse
            • Private & Semi-Private
            • Public
          • Cold Room
        • Equipment
          • Blast freezer
          • Walk-in Cooler and Freezer
          • Deep Freezer
          • Others
        • North America Cold Storage Market by Temperature Range
          • Chilled (0°C to 15°C)
          • Frozen (-18°C to -25°C)
          • Deep-frozen (Below -25°C)
        • North America Cold Storage Market by Application
          • Food & Beverages
            • Fruits & Vegetables
            • Fruit Pulp & Concentrates
            • Dairy Products
              • Milk
              • Butter
              • Cheese
              • Ice cream
              • Others
            • Fish, Meat, and Seafood
            • Processed Food
            • Bakery & Confectionary
            • Others
          • Pharmaceuticals
            • Vaccines
            • Blood Banking
            • Others
          • Others
        • U.S.
          • U.S. Cold Storage Market by Storage Type
            • Facilities/Services
              • Refrigerated Warehouse
                • Private & Semi-Private
                • Public
              • Cold Room
            • Equipment
              • Blast freezer
              • Walk-in Cooler and Freezer
              • Deep Freezer
              • Others
          • U.S. Cold Storage Market by Temperature Range
            • Chilled (0°C to 15°C)
            • Frozen (-18°C to -25°C)
            • Deep-frozen (Below -25°C)
          • U.S. Cold Storage Market by Application
            • Food & Beverages
              • Fruits & Vegetables
              • Fruit Pulp & Concentrates
              • Dairy Products
                • Milk
                • Butter
                • Cheese
                • Ice cream
                • Others
              • Fish, Meat, and Seafood
              • Processed Food
              • Bakery & Confectionary
              • Others
            • Pharmaceuticals
              • Vaccines
              • Blood Banking
              • Others
            • Others
        • Canada
          • Canada Cold Storage Market by Storage Type
            • Facilities/Services
              • Refrigerated Warehouse
                • Private & Semi-Private
                • Public
              • Cold Room
            • Equipment
              • Blast freezer
              • Walk-in Cooler and Freezer
              • Deep Freezer
              • Others
          • Canada Cold Storage Market by Temperature Range
            • Chilled (0°C to 15°C)
            • Frozen (-18°C to -25°C)
            • Deep-frozen (Below -25°C)
          • Canada Cold Storage Market by Application
            • Food & Beverages
              • Fruits & Vegetables
              • Fruit Pulp & Concentrates
              • Dairy Products
                • Milk
                • Butter
                • Cheese
                • Ice cream
                • Others
              • Fish, Meat, and Seafood
              • Processed Food
              • Bakery & Confectionary
              • Others
            • Pharmaceuticals
              • Vaccines
              • Blood Banking
              • Others
            • Others
    • Europe
      • Europe Cold Storage Market by Storage Type
        • Facilities/Services
          • Refrigerated Warehouse
            • Private & Semi-Private
            • Public
          • Cold Room
        • Equipment
          • Blast freezer
          • Walk-in Cooler and Freezer
          • Deep Freezer
          • Others
      • Europe Cold Storage Market by Temperature Range
        • Chilled (0°C to 15°C)
        • Frozen (-18°C to -25°C)
        • Deep-frozen (Below -25°C)
      • Europe Cold Storage Market by Application
        • Food & Beverages
          • Fruits & Vegetables
          • Fruit Pulp & Concentrates
          • Dairy Products
            • Milk
            • Butter
            • Cheese
            • Ice cream
            • Others
          • Fish, Meat, and Seafood
          • Processed Food
          • Bakery & Confectionary
          • Others
        • Pharmaceuticals
          • Vaccines
          • Blood Banking
          • Others
        • Others
      • Germany
        • Germany Cold Storage Market by Storage Type
          • Facilities/Services
            • Refrigerated Warehouse
              • Private & Semi-Private
              • Public
            • Cold Room
          • Equipment
            • Blast freezer
            • Walk-in Cooler and Freezer
            • Deep Freezer
            • Others
        • Germany Cold Storage Market by Temperature Range
          • Chilled (0°C to 15°C)
          • Frozen (-18°C to -25°C)
          • Deep-frozen (Below -25°C)
        • Germany Cold Storage Market by Application
          • Food & Beverages
            • Fruits & Vegetables
            • Fruit Pulp & Concentrates
            • Dairy Products
              • Milk
              • Butter
              • Cheese
              • Ice cream
              • Others
            • Fish, Meat, and Seafood
            • Processed Food
            • Bakery & Confectionary
            • Others
          • Pharmaceuticals
            • Vaccines
            • Blood Banking
            • Others
          • Others
      • U.K.
        • U.K. Cold Storage Market by Storage Type
          • Facilities/Services
            • Refrigerated Warehouse
              • Private & Semi-Private
              • Public
            • Cold Room
          • Equipment
            • Blast freezer
            • Walk-in Cooler and Freezer
            • Deep Freezer
            • Others
        • U.K. Cold Storage Market by Temperature Range
          • Chilled (0°C to 15°C)
          • Frozen (-18°C to -25°C)
          • Deep-frozen (Below -25°C)
        • U.K. Cold Storage Market by Application
          • Food & Beverages
            • Fruits & Vegetables
            • Fruit Pulp & Concentrates
            • Dairy Products
              • Milk
              • Butter
              • Cheese
              • Ice cream
              • Others
            • Fish, Meat, and Seafood
            • Processed Food
            • Bakery & Confectionary
            • Others
          • Pharmaceuticals
            • Vaccines
            • Blood Banking
            • Others
          • Others
      • France
        • France Cold Storage Market by Storage Type
          • Facilities/Services
            • Refrigerated Warehouse
              • Private & Semi-Private
              • Public
            • Cold Room
          • Equipment
            • Blast freezer
            • Walk-in Cooler and Freezer
            • Deep Freezer
            • Others
        • France Cold Storage Market by Temperature Range
          • Chilled (0°C to 15°C)
          • Frozen (-18°C to -25°C)
          • Deep-frozen (Below -25°C)
        • France Cold Storage Market by Application
          • Food & Beverages
            • Fruits & Vegetables
            • Fruit Pulp & Concentrates
            • Dairy Products
              • Milk
              • Butter
              • Cheese
              • Ice cream
              • Others
            • Fish, Meat, and Seafood
            • Processed Food
            • Bakery & Confectionary
            • Others
          • Pharmaceuticals
            • Vaccines
            • Blood Banking
            • Others
          • Others
      • Spain
        • Spain Cold Storage Market by Storage Type
          • Facilities/Services
            • Refrigerated Warehouse
              • Private & Semi-Private
              • Public
            • Cold Room
          • Equipment
            • Blast freezer
            • Walk-in Cooler and Freezer
            • Deep Freezer
            • Others
        • Spain Cold Storage Market by Temperature Range
          • Chilled (0°C to 15°C)
          • Frozen (-18°C to -25°C)
          • Deep-frozen (Below -25°C)
        • Spain Cold Storage Market by Application
          • Food & Beverages
            • Fruits & Vegetables
            • Fruit Pulp & Concentrates
            • Dairy Products
              • Milk
              • Butter
              • Cheese
              • Ice cream
              • Others
            • Fish, Meat, and Seafood
            • Processed Food
            • Bakery & Confectionary
            • Others
          • Pharmaceuticals
            • Vaccines
            • Blood Banking
            • Others
          • Others
      • Italy
        • Italy Cold Storage Market by Storage Type
          • Facilities/Services
            • Refrigerated Warehouse
              • Private & Semi-Private
              • Public
            • Cold Room
          • Equipment
            • Blast freezer
            • Walk-in Cooler and Freezer
            • Deep Freezer
            • Others
        • Italy Cold Storage Market by Temperature Range
          • Chilled (0°C to 15°C)
          • Frozen (-18°C to -25°C)
          • Deep-frozen (Below -25°C)
        • Italy Cold Storage Market by Application
          • Food & Beverages
            • Fruits & Vegetables
            • Fruit Pulp & Concentrates
            • Dairy Products
              • Milk
              • Butter
              • Cheese
              • Ice cream
              • Others
            • Fish, Meat, and Seafood
            • Processed Food
            • Bakery & Confectionary
            • Others
          • Pharmaceuticals
            • Vaccines
            • Blood Banking
            • Others
          • Others
      • Norway
        • Norway Cold Storage Market by Storage Type
          • Facilities/Services
            • Refrigerated Warehouse
              • Private & Semi-Private
              • Public
            • Cold Room
          • Equipment
            • Blast freezer
            • Walk-in Cooler and Freezer
            • Deep Freezer
            • Others
        • Norway Cold Storage Market by Temperature Range
          • Chilled (0°C to 15°C)
          • Frozen (-18°C to -25°C)
          • Deep-frozen (Below -25°C)
        • Norway Cold Storage Market by Application
          • Food & Beverages
            • Fruits & Vegetables
            • Fruit Pulp & Concentrates
            • Dairy Products
              • Milk
              • Butter
              • Cheese
              • Ice cream
              • Others
            • Fish, Meat, and Seafood
            • Processed Food
            • Bakery & Confectionary
            • Others
          • Pharmaceuticals
            • Vaccines
            • Blood Banking
            • Others
          • Others
      • Netherlands
        • Netherlands Cold Storage Market by Storage Type
          • Facilities/Services
            • Refrigerated Warehouse
              • Private & Semi-Private
              • Public
            • Cold Room
          • Equipment
            • Blast freezer
            • Walk-in Cooler and Freezer
            • Deep Freezer
            • Others
        • Netherlands Cold Storage Market by Temperature Range
          • Chilled (0°C to 15°C)
          • Frozen (-18°C to -25°C)
          • Deep-frozen (Below -25°C)
        • Netherlands Cold Storage Market by Application
          • Food & Beverages
            • Fruits & Vegetables
            • Fruit Pulp & Concentrates
            • Dairy Products
              • Milk
              • Butter
              • Cheese
              • Ice cream
              • Others
            • Fish, Meat, and Seafood
            • Processed Food
            • Bakery & Confectionary
            • Others
          • Pharmaceuticals
            • Vaccines
            • Blood Banking
            • Others
          • Others
      • Switzerland
        • Switzerland Cold Storage Market by Storage Type
          • Facilities/Services
            • Refrigerated Warehouse
              • Private & Semi-Private
              • Public
            • Cold Room
          • Equipment
            • Blast freezer
            • Walk-in Cooler and Freezer
            • Deep Freezer
            • Others
        • Switzerland Cold Storage Market by Temperature Range
          • Chilled (0°C to 15°C)
          • Frozen (-18°C to -25°C)
          • Deep-frozen (Below -25°C)
        • Switzerland Cold Storage Market by Application
          • Food & Beverages
            • Fruits & Vegetables
            • Fruit Pulp & Concentrates
            • Dairy Products
              • Milk
              • Butter
              • Cheese
              • Ice cream
              • Others
            • Fish, Meat, and Seafood
            • Processed Food
            • Bakery & Confectionary
            • Others
          • Pharmaceuticals
            • Vaccines
            • Blood Banking
            • Others
          • Others
      • Russia
        • Russia Cold Storage Market by Storage Type
          • Facilities/Services
            • Refrigerated Warehouse
              • Private & Semi-Private
              • Public
            • Cold Room
          • Equipment
            • Blast freezer
            • Walk-in Cooler and Freezer
            • Deep Freezer
            • Others
        • Russia Cold Storage Market by Temperature Range
          • Chilled (0°C to 15°C)
          • Frozen (-18°C to -25°C)
          • Deep-frozen (Below -25°C)
        • Russia Cold Storage Market by Application
          • Food & Beverages
            • Fruits & Vegetables
            • Fruit Pulp & Concentrates
            • Dairy Products
              • Milk
              • Butter
              • Cheese
              • Ice cream
              • Others
            • Fish, Meat, and Seafood
            • Processed Food
            • Bakery & Confectionary
            • Others
          • Pharmaceuticals
            • Vaccines
            • Blood Banking
            • Others
          • Others
    • Asia Pacific
      • Asia Pacific
        • Asia Pacific Cold Storage Market by Storage Type
          • Facilities/Services
            • Refrigerated Warehouse
              • Private & Semi-Private
              • Public
            • Cold Room
          • Equipment
            • Blast freezer
            • Walk-in Cooler and Freezer
            • Deep Freezer
            • Others
        • Asia Pacific Cold Storage Market by Temperature Range
          • Chilled (0°C to 15°C)
          • Frozen (-18°C to -25°C)
          • Deep-frozen (Below -25°C)
        • Asia Pacific Cold Storage Market by Application
          • Food & Beverages
            • Fruits & Vegetables
            • Fruit Pulp & Concentrates
            • Dairy Products
              • Milk
              • Butter
              • Cheese
              • Ice cream
              • Others
            • Fish, Meat, and Seafood
            • Processed Food
            • Bakery & Confectionary
            • Others
          • Pharmaceuticals
            • Vaccines
            • Blood Banking
            • Others
          • Others
        • China
          • China Cold Storage Market by Storage Type
            • Facilities/Services
              • Refrigerated Warehouse
                • Private & Semi-Private
                • Public
              • Cold Room
            • Equipment
              • Blast freezer
              • Walk-in Cooler and Freezer
              • Deep Freezer
              • Others
          • China Cold Storage Market by Temperature Range
            • Chilled (0°C to 15°C)
            • Frozen (-18°C to -25°C)
            • Deep-frozen (Below -25°C)
          • China Cold Storage Market by Application
            • Food & Beverages
              • Fruits & Vegetables
              • Fruit Pulp & Concentrates
              • Dairy Products
                • Milk
                • Butter
                • Cheese
                • Ice cream
                • Others
              • Fish, Meat, and Seafood
              • Processed Food
              • Bakery & Confectionary
              • Others
            • Pharmaceuticals
              • Vaccines
              • Blood Banking
              • Others
            • Others
        • Japan
          • Japan Cold Storage Market by Storage Type
            • Facilities/Services
              • Refrigerated Warehouse
                • Private & Semi-Private
                • Public
              • Cold Room
            • Equipment
              • Blast freezer
              • Walk-in Cooler and Freezer
              • Deep Freezer
              • Others
          • Japan Cold Storage Market by Temperature Range
            • Chilled (0°C to 15°C)
            • Frozen (-18°C to -25°C)
            • Deep-frozen (Below -25°C)
          • Japan Cold Storage Market by Application
            • Food & Beverages
              • Fruits & Vegetables
              • Fruit Pulp & Concentrates
              • Dairy Products
                • Milk
                • Butter
                • Cheese
                • Ice cream
                • Others
              • Fish, Meat, and Seafood
              • Processed Food
              • Bakery & Confectionary
              • Others
            • Pharmaceuticals
              • Vaccines
              • Blood Banking
              • Others
            • Others
        • India
          • India Cold Storage Market by Storage Type
            • Facilities/Services
              • Refrigerated Warehouse
                • Private & Semi-Private
                • Public
              • Cold Room
            • Equipment
              • Blast freezer
              • Walk-in Cooler and Freezer
              • Deep Freezer
              • Others
          • India Cold Storage Market by Temperature Range
            • Chilled (0°C to 15°C)
            • Frozen (-18°C to -25°C)
            • Deep-frozen (Below -25°C)
          • India Cold Storage Market by Application
            • Food & Beverages
              • Fruits & Vegetables
              • Fruit Pulp & Concentrates
              • Dairy Products
                • Milk
                • Butter
                • Cheese
                • Ice cream
                • Others
              • Fish, Meat, and Seafood
              • Processed Food
              • Bakery & Confectionary
              • Others
            • Pharmaceuticals
              • Vaccines
              • Blood Banking
              • Others
            • Others
        • Singapore
          • Singapore Cold Storage Market by Storage Type
            • Facilities/Services
              • Refrigerated Warehouse
                • Private & Semi-Private
                • Public
              • Cold Room
            • Equipment
              • Blast freezer
              • Walk-in Cooler and Freezer
              • Deep Freezer
              • Others
          • Singapore Cold Storage Market by Temperature Range
            • Chilled (0°C to 15°C)
            • Frozen (-18°C to -25°C)
            • Deep-frozen (Below -25°C)
          • Singapore Cold Storage Market by Application
            • Food & Beverages
              • Fruits & Vegetables
              • Fruit Pulp & Concentrates
              • Dairy Products
                • Milk
                • Butter
                • Cheese
                • Ice cream
                • Others
              • Fish, Meat, and Seafood
              • Processed Food
              • Bakery & Confectionary
              • Others
            • Pharmaceuticals
              • Vaccines
              • Blood Banking
              • Others
            • Others
        • South Korea
          • South Korea Cold Storage Market by Storage Type
            • Facilities/Services
              • Refrigerated Warehouse
                • Private & Semi-Private
                • Public
              • Cold Room
            • Equipment
              • Blast freezer
              • Walk-in Cooler and Freezer
              • Deep Freezer
              • Others
          • South Korea Cold Storage Market by Temperature Range
            • Chilled (0°C to 15°C)
            • Frozen (-18°C to -25°C)
            • Deep-frozen (Below -25°C)
          • South Korea Cold Storage Market by Application
            • Food & Beverages
              • Fruits & Vegetables
              • Fruit Pulp & Concentrates
              • Dairy Products
                • Milk
                • Butter
                • Cheese
                • Ice cream
                • Others
              • Fish, Meat, and Seafood
              • Processed Food
              • Bakery & Confectionary
              • Others
            • Pharmaceuticals
              • Vaccines
              • Blood Banking
              • Others
            • Others
        • Australia
          • Australia Cold Storage Market by Storage Type
            • Facilities/Services
              • Refrigerated Warehouse
                • Private & Semi-Private
                • Public
              • Cold Room
            • Equipment
              • Blast freezer
              • Walk-in Cooler and Freezer
              • Deep Freezer
              • Others
          • Australia Cold Storage Market by Temperature Range
            • Chilled (0°C to 15°C)
            • Frozen (-18°C to -25°C)
            • Deep-frozen (Below -25°C)
          • Australia Cold Storage Market by Application
            • Food & Beverages
              • Fruits & Vegetables
              • Fruit Pulp & Concentrates
              • Dairy Products
                • Milk
                • Butter
                • Cheese
                • Ice cream
                • Others
              • Fish, Meat, and Seafood
              • Processed Food
              • Bakery & Confectionary
              • Others
            • Pharmaceuticals
              • Vaccines
              • Blood Banking
              • Others
            • Others
    • Latin America
      • Latin America Cold Storage Market by Storage Type
        • Facilities/Services
          • Refrigerated Warehouse
            • Private & Semi-Private
            • Public
          • Cold Room
        • Equipment
          • Blast freezer
          • Walk-in Cooler and Freezer
          • Deep Freezer
          • Others
      • Latin America Cold Storage Market by Temperature Range
        • Chilled (0°C to 15°C)
        • Frozen (-18°C to -25°C)
        • Deep-frozen (Below -25°C)
      • Latin America Cold Storage Market by Application
        • Food & Beverages
          • Fruits & Vegetables
          • Fruit Pulp & Concentrates
          • Dairy Products
            • Milk
            • Butter
            • Cheese
            • Ice cream
            • Others
          • Fish, Meat, and Seafood
          • Processed Food
          • Bakery & Confectionary
          • Others
        • Pharmaceuticals
          • Vaccines
          • Blood Banking
          • Others
        • Others
      • Brazil
        • Brazil Cold Storage Market by Storage Type
          • Facilities/Services
            • Refrigerated Warehouse
              • Private & Semi-Private
              • Public
            • Cold Room
          • Equipment
            • Blast freezer
            • Walk-in Cooler and Freezer
            • Deep Freezer
            • Others
        • Brazil Cold Storage Market by Temperature Range
          • Chilled (0°C to 15°C)
          • Frozen (-18°C to -25°C)
          • Deep-frozen (Below -25°C)
        • Brazil Cold Storage Market by Application
          • Food & Beverages
            • Fruits & Vegetables
            • Fruit Pulp & Concentrates
            • Dairy Products
              • Milk
              • Butter
              • Cheese
              • Ice cream
              • Others
            • Fish, Meat, and Seafood
            • Processed Food
            • Bakery & Confectionary
            • Others
          • Pharmaceuticals
            • Vaccines
            • Blood Banking
            • Others
          • Others
      • Mexico
        • Mexico Cold Storage Market by Storage Type
          • Facilities/Services
            • Refrigerated Warehouse
              • Private & Semi-Private
              • Public
            • Cold Room
          • Equipment
            • Blast freezer
            • Walk-in Cooler and Freezer
            • Deep Freezer
            • Others
        • Mexico Cold Storage Market by Temperature Range
          • Chilled (0°C to 15°C)
          • Frozen (-18°C to -25°C)
          • Deep-frozen (Below -25°C)
        • Mexico Cold Storage Market by Application
          • Food & Beverages
            • Fruits & Vegetables
            • Fruit Pulp & Concentrates
            • Dairy Products
              • Milk
              • Butter
              • Cheese
              • Ice cream
              • Others
            • Fish, Meat, and Seafood
            • Processed Food
            • Bakery & Confectionary
            • Others
          • Pharmaceuticals
            • Vaccines
            • Blood Banking
            • Others
          • Others
    • Middle East & Africa
      • Middle East & Africa Cold Storage Market by Storage Type
        • Facilities/Services
          • Refrigerated Warehouse
            • Private & Semi-Private
            • Public
          • Cold Room
        • Equipment
          • Blast freezer
          • Walk-in Cooler and Freezer
          • Deep Freezer
          • Others
      • Middle East & Africa Cold Storage Market by Temperature Range
        • Chilled (0°C to 15°C)
        • Frozen (-18°C to -25°C)
        • Deep-frozen (Below -25°C)
      • Middle East & Africa Cold Storage Market by Application
        • Food & Beverages
          • Fruits & Vegetables
          • Fruit Pulp & Concentrates
          • Dairy Products
            • Milk
            • Butter
            • Cheese
            • Ice cream
            • Others
          • Fish, Meat, and Seafood
          • Processed Food
          • Bakery & Confectionary
          • Others
        • Pharmaceuticals
          • Vaccines
          • Blood Banking
          • Others
        • Others
      • Kingdom of Saudi Arabia (KSA)
        • Kingdom of Saudi Arabia (KSA) Cold Storage Market by Storage Type
          • Facilities/Services
            • Refrigerated Warehouse
              • Private & Semi-Private
              • Public
            • Cold Room
          • Equipment
            • Blast freezer
            • Walk-in Cooler and Freezer
            • Deep Freezer
            • Others
        • Kingdom of Saudi Arabia (KSA) Cold Storage Market by Temperature Range
          • Chilled (0°C to 15°C)
          • Frozen (-18°C to -25°C)
          • Deep-frozen (Below -25°C)
        • Kingdom of Saudi Arabia (KSA) Cold Storage Market by Application
          • Food & Beverages
            • Fruits & Vegetables
            • Fruit Pulp & Concentrates
            • Dairy Products
              • Milk
              • Butter
              • Cheese
              • Ice cream
              • Others
            • Fish, Meat, and Seafood
            • Processed Food
            • Bakery & Confectionary
            • Others
          • Pharmaceuticals
            • Vaccines
            • Blood Banking
            • Others
          • Others
      • UAE
        • UAE Cold Storage Market by Storage Type
          • Facilities/Services
            • Refrigerated Warehouse
              • Private & Semi-Private
              • Public
            • Cold Room
          • Equipment
            • Blast freezer
            • Walk-in Cooler and Freezer
            • Deep Freezer
            • Others
        • UAE Cold Storage Market by Temperature Range
          • Chilled (0°C to 15°C)
          • Frozen (-18°C to -25°C)
          • Deep-frozen (Below -25°C)
        • UAE Cold Storage Market by Application
          • Food & Beverages
            • Fruits & Vegetables
            • Fruit Pulp & Concentrates
            • Dairy Products
              • Milk
              • Butter
              • Cheese
              • Ice cream
              • Others
            • Fish, Meat, and Seafood
            • Processed Food
            • Bakery & Confectionary
            • Others
          • Pharmaceuticals
            • Vaccines
            • Blood Banking
            • Others
          • Others
      • South Africa
        • South Africa Cold Storage Market by Storage Type
          • Facilities/Services
            • Refrigerated Warehouse
              • Private & Semi-Private
              • Public
            • Cold Room
          • Equipment
            • Blast freezer
            • Walk-in Cooler and Freezer
            • Deep Freezer
            • Others
        • South Africa Cold Storage Market by Temperature Range
          • Chilled (0°C to 15°C)
          • Frozen (-18°C to -25°C)
          • Deep-frozen (Below -25°C)
        • South Africa Cold Storage Market by Application
          • Food & Beverages
            • Fruits & Vegetables
            • Fruit Pulp & Concentrates
            • Dairy Products
              • Milk
              • Butter
              • Cheese
              • Ice cream
              • Others
            • Fish, Meat, and Seafood
            • Processed Food
            • Bakery & Confectionary
            • Others
          • Pharmaceuticals
            • Vaccines
            • Blood Banking
            • Others
          • Others

Cold Storage Market Dynamics

Drivers: Low-Carbon Design, Environmental Auditing, And Crafty Construction Of Cold Storage Warehouses

Cold storage companies are embracing low-carbon designs, environmental audits, and innovative construction techniques. Low-carbon designs aim to minimize energy use, leading to more sustainable and eco-friendly warehouses. Energy-efficient technologies like intelligent automation and control systems can decrease energy expenses and reduce the facilities’ carbon footprint. Environmental audits, using standards like LEED or BREEAM, assess a building’s design sustainability and operational efficiency. This ensures environmentally responsible design and operation, providing a competitive edge by attracting eco-aware consumers and stakeholders. Innovative construction methods, such as single-envelope technology, provide cost and time savings and more flexibility in building usage. In conclusion, the integration of low-carbon designs, environmental audits, and innovative construction methods in the cold storage industry offers numerous benefits. These include enhanced sustainability, cost savings, and increased competitiveness, serving as a significant growth and development driver in this sector.

Increasing It Spending In Cold Storage Logistics

The growth of the cold storage market is driven by increased IT spending, which enhances inventory management and overall system efficiency. Investments in advanced technologies like cloud computing, IoT, and RFID allow real-time inventory tracking, reducing food waste, spoilage, and product recalls. The demand for temperature-sensitive products underscores the need for real-time monitoring. IT investments also help companies better manage energy consumption and reduce their carbon footprint. Smart sensors and real-time monitoring systems can optimize temperature settings and minimize energy waste, leading to cost savings, improved operational efficiency, and reduced environmental impact. The burgeoning e-commerce industry, growing demand for food delivery services, and increased consumption of perishable goods like fruits and vegetables have spurred the cold storage market’s growth, promoting the adoption of IT solutions and services. Strict regulations in several countries govern the transportation and storage of perishable food products to ensure food safety and quality. Compliance often requires a robust cold chain system, achievable with IT systems that provide real-time temperature and humidity monitoring, location tracking, and data analytics. Devices like data loggers, sensors, and RFID tags collect and transmit temperature data for compliance analysis. Regulations like the US FDA’s Food Safety Modernization Act (FSMA) and the European Union Food Hygiene Regulations mandate temperature-controlled transportation and storage of all food products, with temperature data collection and analysis to ensure regulatory adherence.

Restrains: High Initial Investment

Warehouse automation investments have surged to meet customer needs. Building and operating refrigerated warehouses and cold storage facilities necessitate significant capital. High costs for capital, operations, and scalability of picking methods deter market players from warehouse automation. Cold storage transportation equipment, like refrigerated trucks and containers, is costly, with an average refrigerated truck costing between $80,000 and $150,000. Technology is crucial in cold storage logistics. Implementing advanced systems like telematics, IoT, and blockchain requires substantial initial investment. These technologies allow real-time cold storage monitoring, providing data on temperature, humidity, location, etc. Advanced automation and software systems demand skilled labor, adding to costs. The cold storage market demands high initial investments for facilities, transportation networks, and related infrastructure. Establishing a reliable, efficient cold storage system is capital-intensive, posing a barrier for new market entrants. Setting up a new facility involves significant investments in refrigeration systems, insulation, and backup power. Ongoing costs include electricity, staffing, and maintenance. Creating a temperature-controlled transportation network requires significant investments in specialized vehicles and sophisticated tracking systems to ensure optimal product transportation temperatures. These high initial investments can challenge smaller companies and startups, who may struggle to secure necessary funding to compete with larger, established players.

What Does This Report Include?

This section will provide insights into the contents included in this cold storage market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Cold storage market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Cold storage market quantitative analysis

  • Market size, estimates, and forecast from 2018 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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Research Methodology

A three-pronged approach was followed for deducing the cold storage market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for cold storage market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of cold storage market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Cold Storage Market Categorization:

The cold storage market was categorized into four segments, namely storage type (Facilities/Services, Equipment), temperature range (Chilled (0°C to 15°C), Frozen (-18°C to -25°C), Deep-frozen (Below -25°C)), application (Food & Beverages, Pharmaceuticals), and region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).

Segment Market Methodology:

The cold storage market was segmented into storage type, temperature range, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The cold storage market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into nineteen countries, namely, the U.S.; Canada; Mexico; the UK; Germany; France; Italy; Spain; Norway; Netherlands; Switzerland; Japan; China; India; South Korea; Singapore; Australia; Brazil; Mexico.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Cold storage market companies & financials:

The smart home market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Americold Logistics, Inc., Americold Logistics, Inc., a company specializing in temperature-controlled warehousing and transportation, conducts its operations through three main divisions: warehouse, third-party managed, and transportation. The company provides solutions tailored for producers and retailers. In a significant business move in December 2020, Americold Logistics, Inc. purchased Agro Merchants Group from a group of investors, with the deal valued at USD 1.59 billion.

  • Al Rai Logistica K.S.C , Al Rai Logistica K.S.C., headquartered in Kuwait, provides services in freight management, integrated supply chain, and contract logistics. The company has partnerships spanning regions like North America, Europe, and Asia Pacific. Its freight management services encompass air freight, projects cargo, sea freight, land transportation, packaging solutions, and stevedoring. Additionally, its contract logistics solutions comprise reverse logistics, temperature-controlled cold storage, value-added services, and warehousing & distribution. In a strategic move in 2008, Al-Rai Logistica K.S.C. took over Enkay Express (Kuwait), facilitating the integration of its freight management operations with the services of Enkay Express.

  • Agro Merchant Group LLC, Agro Merchant Group LLC, a U.S.-based company, owns and manages temperature-controlled warehouse and distribution spaces. The company’s services encompass cold storage & warehousing, packaging & value-added services, and freight forwarding & transportation. The freight forwarding & transportation services include rail, ship, truck, and air transportation to cater to distribution hubs and production locations, along with non-asset and on-demand transportation services. The value-added services include import and export product inspection and testing, case picking, pet food processing, plate freezing, and seal verification. The company operates in various regions, including Latin America, Europe, and North America.

  • Burris Logistics, Burris Logistics is a company that specializes in logistics and supply chain management services. It offers temperature-controlled warehousing and transportation services. The solutions provided by the company encompass custom retail distribution, refrigerated warehousing, freight management, and food service redistribution.

  • Barloworld Limited, Barloworld Limited, a South African industrial brand management firm, operates four divisions: Barloworld Equipment, Barloworld Handling, Barloworld Logistics, and Barloworld Automotive. As a public company, it’s listed on the Johannesburg Stock Exchange under the ticker JSE: BAW. The services provided by its logistics division encompass warehousing and distribution, supply chain management, transport solutions and management services, temperature-controlled and environmental solutions, supply chain planning, freight forwarding, rail supply chain solutions, and supply chain consulting.

  • Cloverleaf Cold Storage, Cloverleaf Cold Storage Company, a U.S.-based firm, manages cold storage facilities and food-grade ambient temperature facilities. Its offerings are divided into warehouse and processing services. Warehouse services encompass blast freezing programs, third-party sanitation audits, cross-docking, pet food processing, food-grade dry storage, order picking, and RF scanning. Processing services include boxing and freezing, heat sealing, boning, and trimming, air and water tempering, pre-pricing, and customer-specific processes. In April 2019, the company was acquired by Americold Logistics LLC.

  • Gulf Drug LLC, Gulf Drug LLC, a pharma cold storage company based in the UAE, specializes in distributing healthcare equipment and services to private businesses and the pharmaceutical industry. Initially starting as a pharmaceutical importer, it has since broadened its operations across various medical and healthcare categories. The company is structured into five business segments: medical equipment, pharmaceutical & consumer healthcare retail, pharmaceutical institutional, medical supplies & instruments, and veterinary healthcare businesses. It offers infrastructure services such as logistics & warehousing, human resource & administration, finance, and MIS management information system. In 1999, it established a medical projects department that creates turnkey medical solutions for hospitals, healthcare centers, and institutions in the UAE. Gulf Drug LLC also has a subsidiary, HospiNorm Maintenance Management, LLC, which provides a comprehensive suite of clinical solutions and technology management services to the healthcare sector in the UAE and the Middle East region.

  • Henningsen Cold Storage Company, Henningsen Cold Storage Company is a company specializing in refrigerated warehousing. It provides a range of services including temperature-controlled warehousing, production support and distribution, cold chain fulfillment, transportation management, and web-based inventory management. In addition, it offers packaging, labeling and repackaging, display module assembly, and handling of seasonal order spikes among other services. The company also manages procurement, inventory, and sourcing for packaging, components, raw materials, and finished goods, catering to both dry and refrigerated postponement and fulfillment strategies.

  • Klosterboer, Klosterboer, a company based in the Netherlands, specializes in the logistics and storage of goods that require temperature control. Their services encompass a wide range, including supply chain consulting, value-added services, temperature-controlled warehousing, logistics, border inspection points, juice processing, stevedoring, IT solutions, and storage for metals. Klosterboer operates sixteen branches across Europe, South Africa, and North America, boasting a total storage capacity of 3,500,000 cubic meters for temperature-controlled goods. The company handles the storage and transportation of both non-food and food items, such as french fries, fruit juices, fish, concentrates, and other temperature-controlled food products.

  • LINEAGE LOGISTICS HOLDING, LLC , Lineage Logistics Holding, LLC is a company that offers warehousing and logistics services to clients across different sectors. Their offerings include public warehousing facilities with temperature control for the storage of a variety of food items such as pork, beef, poultry, baked goods, fruits, vegetables, seafood, and ice cream. In addition, they operate cold chain facilities located near ports on both the East and West Coasts of the United States, catering to markets that require containerized and break-bulk services.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Cold Storage Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2023, historic information from 2017 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Cold Storage Market Report Assumptions:

  • The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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