Cold Storage Market China Share, Segment Analysis, Growth Drivers and Forecast to 2030 | Lineage Logistics Holdings (US),Americold Logistics LLC (US),Nichirei Corporation (Japan)

Global Cold Storage Market Overview

Cold storage protects perishable products from the external environment, especially the temperature. The growing demand for frozen foods with an increased life span is driving the Cold Storage Market.

The rise in the growth of organized retail chains in developing and developed countries is one of the major drivers of the market. The population growth in major countries accelerates the demand for frozen products in the market. The retail industry development and rapid urbanization act as boosting factors for the market.    

Technological innovation is pushing the market forward globally. The initiated government regulations for safety measures for retaining the temperature of sensitive food and medical products highly propelling the demand for the Cold Storage Market.

The advancements in cold storage and warehouses will continue in the future. The higher adoption of automation technologies for cold storage is aiding the market. The usage of energy management, cloud technologies, and automated truck loading in warehouses leads to wide opportunities for the market. The international trading of sensitive products is driving the market. During the COVID-19 outbreak, the transport of vaccines, medicines, and medical amenities has helped the market to maintain its growth without getting harmed by the pandemic.

The Cold Storage Market is reaching a USD 397.34 Billion by 2030, and a CAGR of 14 % in the forecast period. The market reached a value of USD 122.19 billion in 2021.

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Cold Storage Market: Prominent Players
Lineage Logistics Holdings (US),Americold Logistics LLC (US),Nichirei Corporation (Japan),Kloosterboer (Netherlands),Tippmann Group (US),The United States Cold Storage (US),Henningsen Cold Storage Co. (US),VersaCold Logistics Services (Canada) ,Congebac Inc. (Canada),NewCold (Netherlands),Snowman Logistics Pvt Ltd (India),Wabash National Corporation (US),Cloverleaf Cold Storage (US), and others.

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Market Segmentation

The Cold Storage Market is segmented into type, temperature, and application. 

The type fragment is segmented into Refrigerated Warehouse and Refrigerated Transport.

The temperature type segment is segmented into frozen and chilled. 

The application segment is bifurcated into Dairy & Frozen Desserts, Bakery & Confectionery Products, Fish, Meat, And Seafood Products, Fruits & Vegetables, and Others.

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Regional Analysis

The Cold Storage Market covers the chief regions around the world, such as North America, Asia Pacific, Europe, and the rest regions of the world.

The North American region is the dominant continent among others globally. The chief countries such as the US, Canada, and Mexico contribute the major market share. The advanced connectivity between the developed trucking infrastructure and cold chain storage is helping the market to grow. Mexican region will gain tremendous growth in the market cold due to the higher network of warehouses and developmental technologies in the logistics industry. The Asia Pacific is massively growing due to huge consumer demand.

Industry News

In May 2022, Tagbox announced that it would offer an AssetLens solution to Rebel Foods (the world’s largest internet restaurant company) for real-time temperature and power consumption monitoring. The solution consists of IoT devices like Tag360 sensors and energy consumption. The TagHub gateways and the AssetLens platform help Rebel Foods for complete visibility of cold chain storage conditions and temperature compliance quality.

In May 2022, Dallas-based Barber Partners and Bain Capital’s Special Situations declared a joint venture to develop 15 Class-A cold storage warehouses under the Chill Storage brand. The companies planned to deploy USD 500 million in value over the several years for the project and will be right in Dallas’ backyard.

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