Arizton is pleased to announce its latest report, the cold storage market - global outlook & forecast 2024-2029, shedding light on the dynamic and rapidly evolving industry. The comprehensive report unveils valuable market trends, growth opportunities, and the competitive landscape of the business. With in-depth analysis and meticulous research, this report serves as a strategic guide for industry players, investors, and decision-makers, offering a comprehensive understanding of the current cold storage industry dynamics and future prospects.  

Browse 187 market data Tables and 123 Figures spread through 348 Pages and in-depth TOC on the cold storage market by warehouse type (private and public), facility type (refrigerated warehouse, cold rooms, refrigerated containers, blast freezers & chillers, and other facilities), temperature type (chilled, frozen, and deep frozen), structure type (civil structure, steel structure, and hybrid structure), application (dairy products, fish, meat & seafoods, fruits & vegetables, bakery & confectionery, pharmaceuticals, and others), geography (North America, Europe, APAC, Latin America, and Middle East & Africa) - Global Outlook & Forecast 2024-2029  

Arizton estimated that the global cold storage market size by revenue was valued at USD 7.83 billion in 2023 and is expected to reach USD 12.22 billion by 2029, growing at a CAGR of 7.70% during the forecast period. 

The global cold storage market plays a crucial role in maintaining the quality and safety of various products, including food and pharmaceuticals, by preserving them at specific temperatures. In addition, the cold storage market has been expanding steadily over the past few years and is expected to continue growing. Factors such as increasing demand for frozen and chilled food products, expanding pharmaceutical and healthcare industries, and the need for efficient supply chain management contribute to this growth.  

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Refrigerated Warehouses Leading the Global Cold Storage Market  

The global refrigerated warehouse market will reach $3.2 billion by 2029, growing at a CAGR of 6.94% during the forecast period.  

Refrigerated warehouses maintain consistent temperature and humidity levels, preserving the quality, freshness, and nutritional value of perishable goods such as fruits, vegetables, meats, seafood, dairy products, and pharmaceuticals. By preventing spoilage, freezer burn, and microbial growth, these facilities extend the shelf life of products, reducing waste. Furthermore, in North America and Europe, the surge in e-commerce and online grocery shopping has led to greater demand for refrigerated warehouses capable of storing and distributing perishable goods for home delivery and click-and-collect services. As consumers embrace online grocery shopping, retailers and logistics providers invest in cold storage infrastructure to meet the demand for fresh and frozen products.  

More than $4.8 Billion Growth Opportunities in the APAC Cold Storage Market  

The cold storage market in APAC has been experiencing significant growth in recent years. According to GCCA, the region represents more than 300 cold chain suppliers and logistics providers in more than 15 countries. Hence, massive cold chain suppliers in the region significantly support the cold storage market.   

China has released a National Logistics Hub Layout and Construction Plan to improve infrastructure and logistics capabilities, aiming to establish 150 advanced logistics hubs by 2025. In addition, during the 14th Five-Year Plan period (2021-2025), the country expects to set up 30 national and 70 regional cold-chain logistics bases for agricultural products. Similarly, the Indian government has also invested heavily in the industry and encouraged private participation through various subsidy schemes, such as the Pradhan Mantri Kisan Sampada Yojana and the Mission for Integrated Development of Horticulture scheme, both provide financial support in the form of grants-in-aid, such initiatives are positively impacting the cold storage market in the region.  

To Know More, Click: https://www.arizton.com/market-reports/cold-storage-market   

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