Global Cold Storage Market Size Anticipated To Be Worth USD 212.54 Billion By The Year 2025, Progressing At 12.2% CAGR: Grand View Research, Inc.

Posted on 2019-08-20 by researchinsights in Food & Beverage // 0 Comments

San Francisco, United States, 2019-Aug-20 — /EPR Network/ —

The global cold storage market size is anticipated to reach USD 212.54 billion by 2025 expanding at a CAGR of 12.2%, according to a new report by Grand View Research, Inc. The retail sector in emerging economies, such as India and China, is getting more organized and this trend is expected to augment the demand for cold storage over the forecast period. Government policies to deregulate the entry of foreign companies have increased the Foreign Direct Investment (FDI) in the retail sectors of such regions.

Organized retail stores use better refrigeration and improved storage technology than the traditional stores. Thus, consumers are increasingly purchasing frozen foods from these retail stores. With the increased demand for chilled and frozen foods and rapidly expanding of the organized retail sector, the demand for the cold storage solutions is expected to grow over the projected period. The organized retail supports different outlet formats depending on spending power and proximity from major residential and consumption clusters.

The offline mode of the organized retailing is categorized into convenience stores, supermarkets, and hypermarkets based on the product range and surface coverage. On the other hand, lack of power hook-ups for reefer trailers at transportation hubs and ports coupled with the lack of reliable power supply for cold warehouses further increases the operation costs.

However, this also offers opportunities for companies to develop unique solutions or leverage alternative energy sources that can overcome these issues in emerging markets. Furthermore, new transportation means, such as versatile refrigerated containers, are being developed to overcome the lack of adequate transportation facility. These solutions can provide access to international markets and offer opportunities for farmers and small-scale businesses in these regions.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/cold-storage-market

Further key findings from the study suggest:

Factors, such as environmental auditing and construction of low-carbon buildings and energy-efficient cold storage warehouses, are anticipated to drive the market in the years to come
Rising consumer preference for private labels will contribute to the growth of food retail chains across the globe, thereby augmenting the demand for cold storage solutions
The frozen temperature type segment is anticipated to register a CAGR of 11.2% from 2019 to 2025 due to significant changes in living standards and food consumption behaviour of consumers
The processed food application segment is anticipated to witness the highest growth rate over the projected period
The cold storage market in Japan is increasingly becoming saturated, thus, the operators in the country would be looking for opportunities to increase the international trade
Key companies in the market include Barloworld Limited (South Africa); VersaCold Logistics Services (Canada), Cloverleaf Cold Storage (U.S.), and Henningsen Cold Storage (U.S.)

Related Reports on Processed & Frozen Foods:

Grand View Research has segmented the global cold storage market on the basis of warehouse type, construction type, temperature type, application, and region:

Cold Storage Warehouse Type Outlook (Revenue, USD Billion, 2014 – 2025)

Private & Semi-private
Public

Cold Storage Construction Type Outlook (Revenue, USD Billion, 2014 – 2025)

Bulk Storage
Production Stores
Ports

Cold Storage Temperature Type Outlook (Revenue, USD Billion, 2014 – 2025)

Chilled
Frozen

Cold Storage Application Outlook (Revenue, USD Billion, 2014 – 2025)

Fruits & Vegetables
Dairy
Fish, Meat & Seafood
Processed Food
Pharmaceuticals

Cold storage Regional Outlook (Revenue, USD Billion, 2014 – 2025)

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- U.K.
- France
- Netherlands
Asia Pacific
- China
- Japan
- India
- Singapore
South America
- Brazil
Middle East and Africa (MEA)

For Press Release of This Report by Grand View Research:

https://www.grandviewresearch.com/press-release/global-cold-storage-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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