Food Refrigerated Warehousing Market Growth Forecasted at 14.9% CAGR to USD 66.4 Billion by 2030

Posted on 2024-04-11 by MarketDigits in Automotive // 0 Comments

Richmond, United States, 2024-Apr-11 — /EPR Network/ —

The Food Refrigerated Warehousing market, is valued at USD 25.1 Billion and is projected to reach USD 66.4 Billion by 2030. This growth reflects a compound annual growth rate (CAGR) of 14.9% during the forecast period 2030.

The Food Refrigerated Warehousing Market plays a crucial role in the global food supply chain by providing storage and distribution solutions for perishable food products, ensuring their freshness and quality throughout the supply chain. Refrigerated warehousing facilities, also known as cold storage or cold chain facilities, are equipped with temperature-controlled environments to maintain optimal conditions for storing a wide range of perishable food items, including fruits, vegetables, dairy products, meats, seafood, and frozen foods. In this blog, we will delve into the dynamics, trends, innovations, and significance of the food refrigerated warehousing market in ensuring food safety, quality, and availability for consumers worldwide.

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Major vendors in the global Food Refrigerated Warehousing market:

Trenton Cold Storage
Nichirei Logistics Group
Partner Logistics
Oxford Cold Storage
Kloosterboer
Nordic Logistics & Warehousing
Conestoga Cold Storage
Cloverleaf Cold Storage
Congebec
Burris Logistics
Hanson Logistics
Interstate Cold Storage
Henningsen Cold Storage
Others

Understanding Food Refrigerated Warehousing

Food refrigerated warehousing facilities are specialized storage facilities equipped with refrigeration systems, temperature monitoring equipment, and humidity control systems to maintain specific temperature and humidity conditions required for storing perishable food products. These facilities play a critical role in preserving the freshness, nutritional value, and safety of food products from the point of production to consumption by preventing spoilage, microbial growth, and quality degradation. Food manufacturers, distributors, retailers, and logistics providers rely on refrigerated warehousing services to store, handle, and distribute perishable food items efficiently and effectively, ensuring timely delivery and adherence to food safety standards and regulations.

Market Dynamics

Growing Demand for Perishable Foods: The increasing demand for perishable foods, including fresh produce, dairy products, and frozen foods, is driving the need for refrigerated warehousing solutions to store and distribute these products safely and efficiently. As consumer preferences shift towards healthier and fresher food options, food manufacturers and retailers are expanding their offerings of perishable foods, leading to higher demand for refrigerated storage and distribution services.
Expansion of Cold Chain Logistics: The expansion of cold chain logistics networks and infrastructure is fueling the growth of the food refrigerated warehousing market. As global food trade and supply chains become more complex and interconnected, the need for reliable cold storage and transportation solutions to maintain the integrity and safety of perishable food products during transit is increasing. Cold chain logistics providers are investing in expanding their refrigerated warehousing capacity and capabilities to meet the growing demand for temperature-controlled storage and distribution services.
Stringent Food Safety Regulations: Stringent food safety regulations and quality standards imposed by regulatory authorities and food safety organizations are driving the adoption of food refrigerated warehousing solutions to ensure compliance with food safety requirements. Refrigerated warehousing facilities must adhere to strict temperature and hygiene standards to prevent foodborne illnesses, contamination, and spoilage, thereby safeguarding public health and consumer confidence in the safety and quality of perishable food products.

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Market Trends and Innovations

Automation and Robotics: The adoption of automation and robotics technologies in food refrigerated warehousing facilities is increasing to improve operational efficiency, reduce labor costs, and enhance warehouse productivity. Automated storage and retrieval systems (AS/RS), robotic palletizing systems, and automated guided vehicles (AGVs) are being deployed to automate material handling tasks, streamline warehouse operations, and optimize storage space utilization in refrigerated warehouses.
Cold Chain Monitoring and IoT: The integration of cold chain monitoring systems and Internet of Things (IoT) technologies enables real-time monitoring and tracking of temperature, humidity, and other environmental conditions in refrigerated warehousing facilities. IoT sensors, data loggers, and cloud-based platforms provide visibility and control over cold chain operations, allowing stakeholders to monitor food quality, detect anomalies, and take proactive measures to prevent temperature excursions and product losses.
Energy Efficiency and Sustainability: The focus on energy efficiency and sustainability is driving innovation in refrigerated warehousing design and operations. Energy-efficient refrigeration systems, LED lighting, thermal insulation, and renewable energy technologies are being deployed to reduce energy consumption, lower carbon emissions, and minimize the environmental footprint of refrigerated warehousing facilities. Green building certifications such as LEED and BREEAM are incentivizing the adoption of sustainable practices and technologies in cold storage construction and operation.

Segmentations Analysis of Food Refrigerated Warehousing Market: –

By Type
- Vapor Compression
- Evaporative Cooling
- Blast Freezing
- Others
By Temperature Range
- Chilled (0°C to 15°C)
- Frozen (-18°C to -25°C)
- Deep-frozen (Below -25°C)
By Application
- Bread
- Meat
- Dairy
- Beverages
- Fruits & Vegetables
- Seafood
By Region
- North America
  - US
  - Canada
- Latin America
  - Brazil
  - Mexico
  - Argentina
  - Colombia
  - Chile
  - Peru
  - Rest of Latin America
- Europe
  - UK
  - Germany
  - France
  - Italy
  - Spain
  - Russia
  - BENELUX
  - CIS & Russia
  - Nordics
  - Austria
  - Poland
  - Rest of Europe
- Asia Pacific
  - China
  - Japan
  - India
  - South Korea
  - Thailand
  - Indonesia
  - Malaysia
  - Vietnam
  - Australia & New Zealand
  - Rest of Asia Pacific
- Middle East & Africa
  - Saudi Arabia
  - UAE
  - South Africa
  - Nigeria
  - Egypt
  - Israel
  - Turkey
  - Rest of Middle East & Africa

Recent Developments

In September 2023, the public refrigerated warehousing company United States Cold Storage (USCS), along with other logistics services, announced today that it will open an operation in northwest Indiana. The company ceremoniously broke ground on its new automated cold storage facility in Hebron with the participation of state and local leaders. By the end of 2028, the facility is expected to provide up to 60 new employment. UCSC plans to build operations on a 110-acre site along I-65 at Highway 2 and Colorado Street in Hebron as part of its $124 million expansion into Lake County. The corporation has set aside 40 acres for a possible customer to establish a nearby facility, and will use the other 70 acres to build and equip a 13.58 million-cubic-foot public chilled warehouse, along with ancillary needs, a dock, and accompanying trailer drop sites.

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Conclusion

In conclusion, the Food Refrigerated Warehousing Market plays a vital role in ensuring the safety, quality, and availability of perishable food products in the global food supply chain. With the growing demand for perishable foods, expansion of cold chain logistics, and emphasis on food safety and sustainability, the market for refrigerated warehousing solutions is poised for continued growth and innovation. By leveraging automation, IoT, and sustainable practices, refrigerated warehousing facilities can enhance operational efficiency, reduce environmental impact, and meet the evolving needs of food manufacturers, distributors, and consumers for safe and fresh food products.

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