Cold Storage Market Size, Trends, and Insights By Type (Public, Private/Semi-Private), By Construction Type (Ports, Bulk Storage, Production Stores), By Temperature (Frozen, Chilled), By Application (Dairy, Pharmaceuticals, Fish, Meat, & Seafood, Fruits & Vegetables, Processed Foods, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | North America |
| Largest Market: | Asia Pacific |
Major Players
- Americold Logistics LLC
- Lineage Logistics Holdings
- Nichirei Corporation
- Others
Reports Description
According to Custom Market Insights (CMI), the Global Cold Storage Market size was estimated at USD 112 Billion in 2021 and is expected to reach USD 136 billion in 2022 and is expected to hit around USD 330 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 11% from 2022 to 2030.
Our research report offers a 360-degree view of the Cold Storage market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Cold Storage market.
- In a refrigerator or other cold room, food or other objects that need to be preserved are kept in “cold storage.” It is the most effective place for bulk handling of perishable or fresh goods for marketing and production, especially vegetables and fruit. By managing different gases and preserving the right humidity and temperature inside the storage solution, it is also employed to keep such commodities fresh. The food processing business, as well as other sectors, including biotechnology, pharmaceuticals, and medicine, can benefit from cold storage.
- Consumption of various goods and products has rapidly expanded in a worldwide economy, driving up demand for the cold storage sector. Additionally, one of the main advantages of cold storage is that it has a tendency to slow down biochemical processes and the growth of microbial enzymes in foods.
- The construction of the cold storage involves adequately sealing the area and maintaining a low temperature by removing heat using refrigeration equipment. Fruits and vegetables can considerably lessen spoiling by being kept at low temperatures, which also lengthens the shelf life of edible oils. Facilities are needed, such as a dock-to-stock procedure, humidity and moisture control systems, assured inventory counts, and catastrophe preparedness plans. Cold storage warehouses can be constructed in a variety of locations.
- Before transferring goods to final customers, a manufacturer could have a private cold storage facility where they are stored. Following delivery from suppliers, end users like hotels may have cold storage facilities to hold temperature-controlled goods. Additionally, a third-party logistic provider (3PL) is contracted to handle cold storage, where products are kept until they are ready to be sent to end consumers.
- The COVID-19 pandemic’s emergence is a catastrophe for practically all international companies. The steady balance between market supply and demand for items used by end users is totally dependent on the global cold storage market. During the pandemic, the market share of cold storage decreased inevitably. Lockdowns have occurred since the pandemic reached practically every country in the world. In every nation, there were travel limitations. It was extremely difficult to keep the food market’s supply chains unaffected against such a background.
- All supply lines were broken, and during the lockdowns, food consumption and subsidiary sales fell. Additionally, there was a sharp decline in global infrastructure spending. The COVID-19 crisis had a significant negative impact on market movements. However, after the lockdowns, the market is quickly rebounding, just like every other sector.
Report Scope
The study’s focus is on Cold Storage market analysis on a global scale, and market sizing includes the income generated by these solutions provided by different market players.
In order to support the market projections and growth rates over the anticipated period of 2022-2030, the study additionally monitors important market factors, underlying growth influencers, and significant vendors active in the sector.
The study also examines how COVID-19 has affected the ecology generally. The scope of the study includes market sizing and forecast for segmentation by type, construction type, temperature, application, and geography.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 112 Billion |
| Projected Market Size in 2030 | USD 330 Billion |
| Market Size in 2022 | USD 136 Billion |
| CAGR Growth Rate | 11% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | Americold Logistics LLC, Lineage Logistics Holdings, Nichirei Corporation, The United States Cold Storage, Henningsen Cold Storage Co., Tippmann Group, VersaCold Logistics Services, NewCold, Congebac Inc., Snowman Logistics Pvt Ltd, Cloverleaf Cold Storage, Wabash National Corporation, and Others |
| Key Segment | By Type, Construction Type, Temperature, Application, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Market Dynamics
- The expansion of global trade brought on by trade liberalization is the main factor propelling the market for cold storage systems. Trade liberalization, improvements in communications and transportation infrastructure, and the rise of multinational corporations in the food retail industry are all factors that have contributed to an increase in globalization. It has increased commerce in perishable goods like dairy and frozen desserts, fruits and vegetables, livestock, fish, and shellfish, as well as bakery and confectionery items. Reduced tariffs and non-tariff trade restrictions have promoted the explosive expansion of cross-border commerce in perishable goods. This is what primarily fuels the global cold storage market.
- Moreover, a movement in customer preferences toward ready-to-cook meals is being brought on by an increase in hygiene awareness. Due to the simplicity of packing methods and support for microwave heating, consumers choose frozen meals. Furthermore, the market has benefited greatly from the strict laws that control the manufacture and distribution of temperature-sensitive goods. Additionally, it is anticipated that increased automation in refrigerated warehouses will further increase demand. Urbanization, disposable incomes, population expansion, and an increase in the standard of life are just a few of the favorable socioeconomic and demographic aspects that have been projected to favorably fuel the growth of the global cold storage market.
- There are several limitations and difficulties that will impede the expansion of the market as a whole. The market’s expansion is being hampered by issues including inadequate infrastructure and unreliable power supplies at cold warehouses. Additionally, it is anticipated that the lack of enough power hookups at transportation hubs will slow expansion during the predicted period. Potential barriers to the general expansion of the global cold storage sector include worries about greenhouse gas emissions, a lack of skilled labor in developed markets, a lack of standards and norms, and more.
- Nevertheless, it is anticipated that during the forecast period, opportunities for revenue generation will arise due to growing demand for organized retail, government support for infrastructure development to reduce post-harvest & processed food waste, an increase in foreign direct investments in emerging markets, and the development of cutting-edge, one-of-a-kind solutions or alternative energy sources to deal with unstable power supplies.
The Frozen Segment Led the Cold Storage Market
- The market has been divided into chilled and frozen segments according to temperature type. In 2021, the frozen category dominated the market and generated about 75% of total sales.
- The demand for frozen meals is mainly driven by growing consumption in emerging nations like China and India. This category of warehouses maintains their storage temperature between -10 and -20°F. They are used to keep frozen goods, including fruit, fish, meat, vegetables, and shellfish, in storage.
- Among other things, fresh fruits and vegetables, eggs, milk, dried fruits, and dehydrated meals are kept in warehouses that are classified as chilled. As consumers become more conscious of convenience and hygiene, their tastes in ready-to-cook meals are changing, which will help the frozen category flourish.
- Additionally, consumers favor frozen food due to its simplicity, convenience of packing, and compatibility with microwave cooking. This is probably going to be important for segment growth.
- In emerging nations, the growth of organized retail chains like supermarkets and hypermarkets is also boosting demand for these goods. However, the frozen food market in these nations has significant obstacles due to the lack of refrigeration equipment in retail establishments, the existence of several unorganized industry incumbents and insufficient distribution infrastructure to reach the rural areas.
Competitive Landscape
In order to meet consumer demand, businesses are concentrating on regional expansion. The businesses are aiming to acquire emerging markets in order to increase their consumer base.
Our market analysis includes a section specifically devoted to key players operating in the Cold Storage market. Our analysts give an overview of each player’s financial statements, along with product benchmarking and SWOT analysis. The competitive landscape section includes key development strategies, market share analysis, and market positioning analysis of the mentioned competitors globally.
- 2021: Recently, Fort Worth purchased a cold storage facility near Phoenix. MAG Capital Partners, led by partners Dax T.S. Mitchell and Andrew Gi, recently announced the purchase of 2721 W Willetta Street, a fully occupied cold storage warehouse building situated on 1.73 acres of land close to significant freeways.
- 2020: Hall’s Warehouse Corporation, based in South Plainfield, New Jersey, has been acquired by Americold Realty Trust, the largest publicly traded REIT in the world and a specialist in the ownership, operation, acquisition, and development of temperature-controlled warehouses, for $480 million, the company announced. In addition, Americold announced two expansion projects, including an Arkansas build-to-suit expansion for a top-tier client and an expansion of the business’s current Calgary facility, which it acquired earlier this year with the acquisition of Nova Cold for $84 million and $11 million, respectively. The proceeds from recent equity sales and private debt placements will be used to pay for both the expansion projects and the purchase of Hall’s.
Prominent Players:
- Americold Logistics LLC
- Lineage Logistics Holdings
- Nichirei Corporation
- The United States Cold Storage
- Henningsen Cold Storage Co.
- Tippmann Group
- VersaCold Logistics Services
- NewCold
- Congebac Inc.
- Snowman Logistics Pvt Ltd
- Cloverleaf Cold Storage
- Wabash National Corporation
The global Cold Storage market is segmented as follows:
By Type
- Public
- Private/Semi-Private
By Construction Type
- Ports
- Bulk Storage
- Production Stores
By Temperature
- Frozen
- Chilled
By Application
- Dairy
- Pharmaceuticals
- Fish, Meat, & Seafood
- Fruits & Vegetables
- Processed Foods
- Others
By Region
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Cold Storage Market, (2022 – 2030) (USD Billion)
- 2.2 Global Cold Storage Market : snapshot
- Chapter 3. Global Cold Storage Market – Industry Analysis
- 3.1 Cold Storage Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Rising demand for the food products particularly animal based protein such as milk, cheese, meat and eggs
- 3.2.2 Increased automation in refrigerated warehouses.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Type
- 3.7.2 Market attractiveness analysis By Construction Type
- 3.7.3 Market attractiveness analysis By Temperature
- 3.7.4 Market attractiveness analysis By Application
- Chapter 4. Global Cold Storage Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Cold Storage Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Cold Storage Market – Type Analysis
- 5.1 Global Cold Storage Market overview: By Type
- 5.1.1 Global Cold Storage Market share, By Type, 2021 and 2030
- 5.2 Public
- 5.2.1 Global Cold Storage Market by Public, 2022 – 2030 (USD Billion)
- 5.3 Private/Semi-Private
- 5.3.1 Global Cold Storage Market by Private/Semi-Private, 2022 – 2030 (USD Billion)
- 5.1 Global Cold Storage Market overview: By Type
- Chapter 6. Global Cold Storage Market – Construction Type Analysis
- 6.1 Global Cold Storage Market overview: By Construction Type
- 6.1.1 Global Cold Storage Market share, By Construction Type, 2021 and 2030
- 6.2 Ports
- 6.2.1 Global Cold Storage Market by Ports, 2022 – 2030 (USD Billion)
- 6.3 Bulk Storage
- 6.3.1 Global Cold Storage Market by Bulk Storage, 2022 – 2030 (USD Billion)
- 6.4 Production Stores
- 6.4.1 Global Cold Storage Market by Production Stores, 2022 – 2030 (USD Billion)
- 6.1 Global Cold Storage Market overview: By Construction Type
- Chapter 7. Global Cold Storage Market – Temperature Analysis
- 7.1 Global Cold Storage Market overview: By Temperature
- 7.1.1 Global Cold Storage Market share, By Temperature, 2021 and 2030
- 7.2 Frozen
- 7.2.1 Global Cold Storage Market by Frozen, 2022 – 2030 (USD Billion)
- 7.3 Chilled
- 7.3.1 Global Cold Storage Market by Chilled, 2022 – 2030 (USD Billion)
- 7.1 Global Cold Storage Market overview: By Temperature
- Chapter 8. Global Cold Storage Market – Application Analysis
- 8.1 Global Cold Storage Market overview: By Application
- 8.1.1 Global Cold Storage Market share, By Application, 2021 and 2030
- 8.2 Dairy
- 8.2.1 Global Cold Storage Market by Dairy, 2022 – 2030 (USD Billion)
- 8.3 Pharmaceuticals
- 8.3.1 Global Cold Storage Market by Pharmaceuticals, 2022 – 2030 (USD Billion)
- 8.4 Fish, Meat, & Seafoo
- 8.4.1 Global Cold Storage Market by Fish, Meat, & Seafoo, 2022 – 2030 (USD Billion)
- 8.5 Fruits & Vegetables
- 8.5.1 Global Cold Storage Market by Fruits & Vegetables, 2022 – 2030 (USD Billion)
- 8.6 Processed Foods
- 8.6.1 Global Cold Storage Market by Processed Foods, 2022 – 2030 (USD Billion)
- 8.7 Others
- 8.7.1 Global Cold Storage Market by Others, 2022 – 2030 (USD Billion)
- 8.1 Global Cold Storage Market overview: By Application
- Chapter 9. Cold Storages Industry – Regional Analysis
- 9.1 Global Cold Storages Industry Regional Overview
- 9.2 Global Cold Storages Industry Share, by Region, 2021 & 2030 (USD Billion)
- 9.3. North America
- 9.3.1 North America Cold Storages Industry, 2022 – 2030 (USD Billion)
- 9.3.1.1 North America Cold Storages Industry, by Country, 2022 – 2030 (USD Billion)
- 9.3.1 North America Cold Storages Industry, 2022 – 2030 (USD Billion)
- 9.4 North America Cold Storages Industry, by Type, 2022 – 2030
- 9.4.1 North America Cold Storages Industry, by Type, 2022 – 2030 (USD Billion)
- 9.5 North America Cold Storages Industry, by Construction Type, 2022 – 2030
- 9.5.1 North America Cold Storages Industry, by Construction Type, 2022 – 2030 (USD Billion)
- 9.6 North America Cold Storages Industry, by Temperature, 2022 – 2030
- 9.6.1 North America Cold Storages Industry, by Temperature, 2022 – 2030 (USD Billion)
- 9.7 North America Cold Storages Industry, by Application, 2022 – 2030
- 9.7.1 North America Cold Storages Industry, by Application, 2022 – 2030 (USD Billion)
- 9.8. Europe
- 9.8.1 Europe Cold Storages Industry, 2022 – 2030 (USD Billion)
- 9.8.1.1 Europe Cold Storages Industry, by Country, 2022 – 2030 (USD Billion)
- 9.8.1 Europe Cold Storages Industry, 2022 – 2030 (USD Billion)
- 9.9 Europe Cold Storages Industry, by Type, 2022 – 2030
- 9.9.1 Europe Cold Storages Industry, by Type, 2022 – 2030 (USD Billion)
- 9.10 Europe Cold Storages Industry, by Construction Type, 2022 – 2030
- 9.10.1 Europe Cold Storages Industry, by Construction Type, 2022 – 2030 (USD Billion)
- 9.11 Europe Cold Storages Industry, by Temperature, 2022 – 2030
- 9.11.1 Europe Cold Storages Industry, by Temperature, 2022 – 2030 (USD Billion)
- 9.12 Europe Cold Storages Industry, by Application, 2022 – 2030
- 9.12.1 Europe Cold Storages Industry, by Application, 2022 – 2030 (USD Billion)
- 9.13. Asia Pacific
- 9.13.1 Asia Pacific Cold Storages Industry, 2022 – 2030 (USD Billion)
- 9.13.1.1 Asia Pacific Cold Storages Industry, by Country, 2022 – 2030 (USD Billion)
- 9.13.1 Asia Pacific Cold Storages Industry, 2022 – 2030 (USD Billion)
- 9.14 Asia Pacific Cold Storages Industry, by Type, 2022 – 2030
- 9.14.1 Asia Pacific Cold Storages Industry, by Type, 2022 – 2030 (USD Billion)
- 9.15 Asia Pacific Cold Storages Industry, by Construction Type, 2022 – 2030
- 9.15.1 Asia Pacific Cold Storages Industry, by Construction Type, 2022 – 2030 (USD Billion)
- 9.16 Asia Pacific Cold Storages Industry, by Temperature, 2022 – 2030
- 9.16.1 Asia Pacific Cold Storages Industry, by Temperature, 2022 – 2030 (USD Billion)
- 9.17 Asia Pacific Cold Storages Industry, by Application, 2022 – 2030
- 9.17.1 Asia Pacific Cold Storages Industry, by Application, 2022 – 2030 (USD Billion)
- 9.18. Latin America
- 9.18.1 Latin America Cold Storages Industry, 2022 – 2030 (USD Billion)
- 9.18.1.1 Latin America Cold Storages Industry, by Country, 2022 – 2030 (USD Billion)
- 9.18.1 Latin America Cold Storages Industry, 2022 – 2030 (USD Billion)
- 9.19 Latin America Cold Storages Industry, by Type, 2022 – 2030
- 9.19.1 Latin America Cold Storages Industry, by Type, 2022 – 2030 (USD Billion)
- 9.20 Latin America Cold Storages Industry, by Construction Type, 2022 – 2030
- 9.20.1 Latin America Cold Storages Industry, by Construction Type, 2022 – 2030 (USD Billion)
- 9.21 Latin America Cold Storages Industry, by Temperature, 2022 – 2030
- 9.21.1 Latin America Cold Storages Industry, by Temperature, 2022 – 2030 (USD Billion)
- 9.22 Latin America Cold Storages Industry, by Application, 2022 – 2030
- 9.22.1 Latin America Cold Storages Industry, by Application, 2022 – 2030 (USD Billion)
- 9.23. The Middle-East and Africa
- 9.23.1 The Middle-East and Africa Cold Storages Industry, 2022 – 2030 (USD Billion)
- 9.23.1.1 The Middle-East and Africa Cold Storages Industry, by Country, 2022 – 2030 (USD Billion)
- 9.23.1 The Middle-East and Africa Cold Storages Industry, 2022 – 2030 (USD Billion)
- 9.24 The Middle-East and Africa Cold Storages Industry, by Type, 2022 – 2030
- 9.24.1 The Middle-East and Africa Cold Storages Industry, by Type, 2022 – 2030 (USD Billion)
- 9.25 The Middle-East and Africa Cold Storages Industry, by Construction Type, 2022 – 2030
- 9.25.1 The Middle-East and Africa Cold Storages Industry, by Construction Type, 2022 – 2030 (USD Billion)
- 9.26 The Middle-East and Africa Cold Storages Industry, by Temperature, 2022 – 2030
- 9.26.1 The Middle-East and Africa Cold Storages Industry, by Temperature, 2022 – 2030 (USD Billion)
- 9.27 The Middle-East and Africa Cold Storages Industry, by Application, 2022 – 2030
- 9.27.1 The Middle-East and Africa Cold Storages Industry, by Application, 2022 – 2030 (USD Billion)
- Chapter 10. Company Profiles
- 10.1 Americold Logistics LLC
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 Lineage Logistics Holdings
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 Nichirei Corporation
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 The United States Cold Storage
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 Henningsen Cold Storage Co.
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 Tippmann Group
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 VersaCold Logistics Services
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 NewCold
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 Congebac Inc.
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 Snowman Logistics Pvt Ltd
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.11 Cloverleaf Cold Storage
- 10.11.1 Overview
- 10.11.2 Financials
- 10.11.3 Product Portfolio
- 10.11.4 Business Strategy
- 10.11.5 Recent Developments
- 10.12 Wabash National Corporation.
- 10.12.1 Overview
- 10.12.2 Financials
- 10.12.3 Product Portfolio
- 10.12.4 Business Strategy
- 10.12.5 Recent Developments
- 10.1 Americold Logistics LLC
List Of Figures
Figures 1 to 31
List Of Tables
Tables 1 to 102
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
|
| Demand-side |
|
|
Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|
|
Prominent Players:
FAQs
“North American” region will lead the global Cold Storage market during the forecast period 2022 to 2030.
The key factors driving the market are rising demand for the food products particularly animal based protein such as milk, cheese, meat, and eggs and increased automation in refrigerated warehouses.
The key players operating in the Cold Storage market are Americold Logistics LLC, Lineage Logistics Holdings, Nichirei Corporation, The United States Cold Storage, Henningsen Cold Storage Co., Tippmann Group, VersaCold Logistics Services, NewCold, Congebac Inc., Snowman Logistics Pvt Ltd, Cloverleaf Cold Storage, Wabash National Corporation.
The global Cold Storage market is expanding growth with a CAGR of approximately 11% during the forecast period (2022 to 2030).
The global Cold Storage market size was valued at USD 112 Billion in 2021 and it is projected to reach around USD 330 Billion by 2030.