Cold Storage Market Report: Trends, Forecast and Competitive Analysis to 2030

Cold Storage Trends and Forecast

The future of the global cold storage market looks promising with opportunities in the food & beverage and pharmaceutical markets. The global cold storage market is expected to reach an estimated $395.3 billion by 2030 with a CAGR of 15.7% from 2024 to 2030. The major drivers for this market are rising organized retail sectors in developing economies, growing automation in refrigerated warehouses, and strict regulations for the supply and production of temperature-sensitive products.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Cold Storage by Segment

The study includes a forecast for the global cold storage by storage type, temperature range, application, and region.

Cold Storage Market by Storage Type [Shipment Analysis by Value from 2018 to 2030]:

• Facilities/Services
• Equipment

Cold Storage Market by Temperature Range [Shipment Analysis by Value from 2018 to 2030]:

• Chilled (0°C To 15°C)
• Frozen (-18°C To -25°C)
• Deep-Frozen (Below -25°C)

Cold Storage Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Food & Beverages
• Pharmaceuticals
• Others

Cold Storage Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Cold Storage Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies cold storage companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cold storage companies profiled in this report include-

• Americold Logistics
• Burris Logistics
• Barloworld
• Cloverleaf Cold Storage
• Gulf Drug
• Henningsen Cold Storage Company
• Kloosterboer
• Nordic Logistics
• Oxford Logistics Group
• Preferred Freezer

Cold Storage Market Insights

Lucintel forecasts that facilities/services is expected to witness higher growth over the forecast period.

Within this market, food & beverages will remain larger segment.

North America will remain the largest region over the forecast period due to an extensive consumer base and the growth of connected gadgets, as well as, bolstering the warehouse network and increasing spending on the infrastructure development of logistics.

Features of the Global Cold Storage Market

Market Size Estimates: Cold storage market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Cold storage market size by storage type, temperature range, application, and region in terms of value ($B).

Regional Analysis: Cold storage market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different storage type, temperature range, application, and regions for the cold storage market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the cold storage market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the cold storage market size?

Answer: The global cold storage market is expected to reach an estimated $395.3 billion by 2030.

Q2. What is the growth forecast for cold storage market?

Answer: The global cold storage market is expected to grow with a CAGR of 15.7% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the cold storage market?

Answer: The major drivers for this market are rising organized retail sectors in developing economies, growing automation in refrigerated warehouses, and strict regulations for the supply and production of temperature-sensitive products.

Q4. What are the major segments for cold storage market?

Answer: The future of the global cold storage market looks promising with opportunities in the food & beverage and pharmaceutical markets.

Q5. Who are the key cold storage market companies?

Answer: Some of the key cold storage companies are as follows:

• Americold Logistics
• Burris Logistics
• Barloworld
• Cloverleaf Cold Storage
• Gulf Drug
• Henningsen Cold Storage Company
• Kloosterboer
• Nordic Logistics
• Oxford Logistics Group
• Preferred Freezer

Q6. Which cold storage market segment will be the largest in future?

Answer: Lucintel forecasts that facilities/services is expected to witness higher growth over the forecast period.

Q7. In cold storage market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to an extensive consumer base and the growth of connected gadgets, as well as, bolstering the warehouse network and increasing spending on the infrastructure development of logistics.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the cold storage market by storage type (facilities/services and equipment), temperature range (chilled (0°c to 15°c), frozen (-18°c to -25°c), and deep-frozen (below -25°c)), application (food & beverages, pharmaceuticals, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?