The global cold storage market size is expected to reach around US$ 330.2 billion by 2030 from US$ 112 billion in 2020 and is expected to grow at an impressive double-digit rate of 11.6% from 2021 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global cold storage market for the period 2017-2030, wherein 2021 to 2030 is the forecast period and 2020 is considered as the base year.
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The globalization has resulted in the increased trade of goods across the globe owing to the liberalization. This resulted in the international trade of various food items such as fish, meat, eggs, and dairy products. The rising demand for the food products particularly animal based protein such as milk, cheese, meat, and eggs is driving the demand for the cold storage across the globe. The cold storage facilitates in the distribution and storage of perishable products by extending its life and preventing the food from bacteria spoilage.
The globalization has resulted in the increased trade of goods across the globe owing to the liberalization. This resulted in the international trade of various food items such as fish, meat, eggs, and dairy products. The rising demand for the food products particularly animal based protein such as milk, cheese, meat, and eggs is driving the demand for the cold storage across the globe. The cold storage facilitates in the distribution and storage of perishable products by extending its life and preventing the food from bacteria spoilage.
Scope of the Cold Storage Market
| Report Coverage | Details |
| Market Size in 2020 | USD 110.2 Billion |
| Growth Rate from 2021-2030 | CAGR of 11.6% |
| Fastest Growing Market | Asia Pacific |
North America was the market leader in 2020. North America is characterized by huge demand for the frozen food. The increased disposable income, busy and hectic schedules, increased demand for the convenient foods, rising demand for the animal based proteins, and increased penetration of the organized retail sector are the various factors that fostered the cold storage market in North America.
Asia Pacific is estimated to be the most opportunistic market during the forecast period. The Asia Pacific region is characterized by the huge and rising population, rising employment, growing demand for ready-to-cook and ready-to-eat food products, and huge demand for the dairy products like milk. All these factors are expected to drive the demand for the cold storages in the region. The rising investments by the giant retailers like supermarkets and hypermarkets in the region to expand in this region is further expected to fuel the demand for the cold storages.
However, the increased costs of the cold storages and lack of adequate infrastructure in the underdeveloped regions may hamper the growth of the cold storage market during the forecast period. Further the under-penetration of organized retail sector in the underdeveloped market is a major reason behind the insignificant growth of the market.
The rapidly growing foodservice industry and the constant launches of new food products is significantly spurring the growth of the market. The various foodservice units like restaurants and cafes require cold storages to keep the supply of food products like fruits, meats, and vegetables undisturbed.
Based on the warehouse type, the private segment is expected to be the fastest-growing segment during the forecast period. This can be attributed to the rising investments by the retail giants like Walmart to build a warehouse facility in order to expand its stores at various locations. The growing number of stores of various retailers is ramping up the investments in building new private warehouses, which in turn is significantly boosting the demand for the cold storage systems.
Based on the temperature type, the frozen segment dominated the cold storage market in 2020. The huge demand for the frozen food is the primary reason behind it. The busy and hectic schedule of the consumers resulted in the increased demand for the frozen food. The growing demand for ready-to-cook and other convenience foods is driving the growth of this segment. The Asia Pacific is the most lucrative market for the frozen foods and the demand for the cold storages is expected to grow rapidly in this developing region.
Based on the application, the dairy segment dominated the global cold storage market in 2020. The huge demand for the various dairy products such as milk, cheese, and butter had augmented the growth of this segment across the globe. The rising consumption with the growing population is estimated to drive the segment growth during the forecast period. Moreover, the increasing health consciousness among the population is fueling the demand for the dairy products for its nutritional benefits is expected to drive the segment growth.
In January 2020, Americold Logistics completed the acquisition of Nova Cold Logistics to expand and strengthen its position in Canada.The various developmental strategies like acquisition, partnerships, mergers, and government policies fosters market growth and offers lucrative growth opportunities to the market players.
Why should you invest in this report?
If you are aiming to enter the global cold storage market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for cold storage are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global cold storage market include:
- Americold Logistics
- Lineage Logistics Holdings
- Nichirei Corporation
- Burris Logistics
- Agro Merchants Group
- Kloosterboer
- United States Cold Storage
- Tippmann Group
- VersaCold Logistics Services
- Henningsen Cold Storage Co
- Coldman
- Congebec Inc.
- Conestoga Cold Storage
- NewCold
- Hanson Logistics
Segments Covered in the Report
By Warehouse Type
- Private
- Public
By Temperature Type
- Frozen
- Chilled
By Construction
- Bulk Storage
- Production Stores
- Ports
By Application
- Dairy
- Processed Food
- Fruits & Vegetables
- Fish, Meat, & Sea Food
- Pharmaceuticals
Regional Analysis:
The geographical analysis of the global cold storage market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global cold storage Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global cold storage market in 2030?
- What is the expected CAGR for the cold storage market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global cold storage market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Cold Storage Market
5.1. COVID-19 Landscape: Cold Storage Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Cold Storage Market, By Warehouse
8.1. Cold Storage Market, by Warehouse Type, 2021-2030
8.1.1. Private
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Public
8.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Cold Storage Market, By Temperature
9.1. Cold Storage Market, by Temperature, 2021-2030
9.1.1. Frozen
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Chilled
9.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Cold Storage Market, By Construction Type
10.1. Cold Storage Market, by Construction Type, 2021-2030
10.1.1. Bulk Storage
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. Production Stores
10.1.2.1. Market Revenue and Forecast (2019-2030)
10.1.3. Ports
10.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 11. Global Cold Storage Market, By Application Type
11.1. Cold Storage Market, by Application Type, 2021-2030
11.1.1. Dairy
11.1.1.1. Market Revenue and Forecast (2019-2030)
11.1.2. Processed Food
11.1.2.1. Market Revenue and Forecast (2019-2030)
11.1.3. Fruits & Vegetables
11.1.3.1. Market Revenue and Forecast (2019-2030)
11.1.4. Fish, Meat, & Sea Food
11.1.4.1. Market Revenue and Forecast (2019-2030)
11.1.5. Pharmaceuticals
11.1.5.1. Market Revenue and Forecast (2019-2030)
Chapter 12. Global Cold Storage Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Warehouse (2019-2030)
12.1.2. Market Revenue and Forecast, by Temperature (2019-2030)
12.1.3. Market Revenue and Forecast, by Construction Type (2019-2030)
12.1.4. Market Revenue and Forecast, by Application Type (2019-2030)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Warehouse (2019-2030)
12.1.5.2. Market Revenue and Forecast, by Temperature (2019-2030)
12.1.5.3. Market Revenue and Forecast, by Construction Type (2019-2030)
12.1.5.4. Market Revenue and Forecast, by Application Type (2019-2030)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Warehouse (2019-2030)
12.1.6.2. Market Revenue and Forecast, by Temperature (2019-2030)
12.1.6.3. Market Revenue and Forecast, by Construction Type (2019-2030)
12.1.6.4. Market Revenue and Forecast, by Application Type (2019-2030)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Warehouse (2019-2030)
12.2.2. Market Revenue and Forecast, by Temperature (2019-2030)
12.2.3. Market Revenue and Forecast, by Construction Type (2019-2030)
12.2.4. Market Revenue and Forecast, by Application Type (2019-2030)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Warehouse (2019-2030)
12.2.5.2. Market Revenue and Forecast, by Temperature (2019-2030)
12.2.5.3. Market Revenue and Forecast, by Construction Type (2019-2030)
12.2.5.4. Market Revenue and Forecast, by Application Type (2019-2030)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Warehouse (2019-2030)
12.2.6.2. Market Revenue and Forecast, by Temperature (2019-2030)
12.2.6.3. Market Revenue and Forecast, by Construction Type (2019-2030)
12.2.6.4. Market Revenue and Forecast, by Application Type (2019-2030)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Warehouse (2019-2030)
12.2.7.2. Market Revenue and Forecast, by Temperature (2019-2030)
12.2.7.3. Market Revenue and Forecast, by Construction Type (2019-2030)
12.2.7.4. Market Revenue and Forecast, by Application Type (2019-2030)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Warehouse (2019-2030)
12.2.8.2. Market Revenue and Forecast, by Temperature (2019-2030)
12.2.8.3. Market Revenue and Forecast, by Construction Type (2019-2030)
12.2.8.4. Market Revenue and Forecast, by Application Type (2019-2030)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Warehouse (2019-2030)
12.3.2. Market Revenue and Forecast, by Temperature (2019-2030)
12.3.3. Market Revenue and Forecast, by Construction Type (2019-2030)
12.3.4. Market Revenue and Forecast, by Application Type (2019-2030)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Warehouse (2019-2030)
12.3.5.2. Market Revenue and Forecast, by Temperature (2019-2030)
12.3.5.3. Market Revenue and Forecast, by Construction Type (2019-2030)
12.3.5.4. Market Revenue and Forecast, by Application Type (2019-2030)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Warehouse (2019-2030)
12.3.6.2. Market Revenue and Forecast, by Temperature (2019-2030)
12.3.6.3. Market Revenue and Forecast, by Construction Type (2019-2030)
12.3.6.4. Market Revenue and Forecast, by Application Type (2019-2030)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Warehouse (2019-2030)
12.3.7.2. Market Revenue and Forecast, by Temperature (2019-2030)
12.3.7.3. Market Revenue and Forecast, by Construction Type (2019-2030)
12.3.7.4. Market Revenue and Forecast, by Application Type (2019-2030)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Warehouse (2019-2030)
12.3.8.2. Market Revenue and Forecast, by Temperature (2019-2030)
12.3.8.3. Market Revenue and Forecast, by Construction Type (2019-2030)
12.3.8.4. Market Revenue and Forecast, by Application Type (2019-2030)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Warehouse (2019-2030)
12.4.2. Market Revenue and Forecast, by Temperature (2019-2030)
12.4.3. Market Revenue and Forecast, by Construction Type (2019-2030)
12.4.4. Market Revenue and Forecast, by Application Type (2019-2030)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Warehouse (2019-2030)
12.4.5.2. Market Revenue and Forecast, by Temperature (2019-2030)
12.4.5.3. Market Revenue and Forecast, by Construction Type (2019-2030)
12.4.5.4. Market Revenue and Forecast, by Application Type (2019-2030)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Warehouse (2019-2030)
12.4.6.2. Market Revenue and Forecast, by Temperature (2019-2030)
12.4.6.3. Market Revenue and Forecast, by Construction Type (2019-2030)
12.4.6.4. Market Revenue and Forecast, by Application Type (2019-2030)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Warehouse (2019-2030)
12.4.7.2. Market Revenue and Forecast, by Temperature (2019-2030)
12.4.7.3. Market Revenue and Forecast, by Construction Type (2019-2030)
12.4.7.4. Market Revenue and Forecast, by Application Type (2019-2030)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Warehouse (2019-2030)
12.4.8.2. Market Revenue and Forecast, by Temperature (2019-2030)
12.4.8.3. Market Revenue and Forecast, by Construction Type (2019-2030)
12.4.8.4. Market Revenue and Forecast, by Application Type (2019-2030)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Warehouse (2019-2030)
12.5.2. Market Revenue and Forecast, by Temperature (2019-2030)
12.5.3. Market Revenue and Forecast, by Construction Type (2019-2030)
12.5.4. Market Revenue and Forecast, by Application Type (2019-2030)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Warehouse (2019-2030)
12.5.5.2. Market Revenue and Forecast, by Temperature (2019-2030)
12.5.5.3. Market Revenue and Forecast, by Construction Type (2019-2030)
12.5.5.4. Market Revenue and Forecast, by Application Type (2019-2030)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Warehouse (2019-2030)
12.5.6.2. Market Revenue and Forecast, by Temperature (2019-2030)
12.5.6.3. Market Revenue and Forecast, by Construction Type (2019-2030)
12.5.6.4. Market Revenue and Forecast, by Application Type (2019-2030)
Chapter 13. Company Profiles
13.1. Americold Logistics
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Lineage Logistics Holdings
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Nichirei Corporation
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Burris Logistics
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Agro Merchants Group
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Kloosterboer
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. United States Cold Storage
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Tippmann Group
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. VersaCold Logistics Services
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Henningsen Cold Storage Co
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
13.11. Coldman
13.11.1. Company Overview
13.11.2. Product Offerings
13.11.3. Financial Performance
13.11.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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