Trends in the Cold Storage Market | Nichirei Corporation, Kloosterboer , Tippmann Group , The United States Cold Storage

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Cold storage can be used for short-term or long-term storage, depending on the needs of the products being stored. For example, some products may only need to be stored for a few days or weeks, while others may require months or even years of storage.

 

 

The global cold storage market is making rapid headways, witnessing huge demand from food beverages, vaccines medicines, and consumer goods industries. Cold storage solutions are used to store perishable items to prevent wastages, maintaining them in proper condition. Cold storage solutions play a causal role in enhancing safety and maintaining the quality of food and pharmaceutical items by preventing the growth of microorganisms.

Cold Storage Market is projected to be worth USD 397.34 Billion by 2030, registering a CAGR of 14% during the forecast period (2022–2030), The market was valued at USD 122.19 billion in 2021

Demand for Convenient Storage Extending Product Shelf Life Boost Market Size

Versatile, economical, and lightweight cold storage solutions are evaluated for their quality to withstand for an extended period.

Additional factors substantiating the market growth include developments in the eCommerce retail industry, rising population, rapid urbanization, and improving economic conditions that increase consumers’ purchasing power. Resultantly, the cold storage market enjoys great traction worldwide.

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Global Cold storage Market — Segments

The analysis is segmented into types, temperature types, applications, and regions. The type segment is sub-segmented into refrigerated warehouses, refrigerated transports, and others. The temperature type segment is sub-segmented into frozen, chilled, and others. The application segment is sub-segmented into dairy frozen desserts, fish, meat, seafood products, bakery confectionery products, fruit vegetables, and others.

Global Cold storage Market — Geographical Analysis

The cold storage market refers to the industry that provides storage and transportation services for perishable goods, such as food, pharmaceuticals, and chemicals, at controlled temperatures. Cold storage facilities are equipped with temperature-controlled storage areas, refrigeration units, and other equipment that helps to maintain the quality and freshness of the stored products.

The demand for cold storage services has increased significantly in recent years, driven by factors such as the growth of the food and beverage industry, increasing consumer demand for fresh and frozen food products, and the need for effective and reliable storage and transportation of pharmaceutical products. Cold storage facilities are also increasingly being used to store and distribute vaccines for COVID-19 and other infectious diseases.

The cold storage market is highly competitive, with a large number of players operating at both global and regional levels. Key players in the market include Americold Realty Trust, Lineage Logistics Holdings LLC, AGRO Merchants Group, and Nichirei Logistics Group Inc. The market is expected to continue to grow in the coming years, driven by increasing demand for perishable goods and the expansion of the global supply chain.

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Global Cold storage Market — Competitive Analysis

Highly competitive, the cold storage market appears to be fragmented due to the presence of several big small market players. These players form a competitive landscape by adopting strategic trends of business expansion in emerging markets. Manufacturers rely on innovation to survive and create new markets.

They strive to keep themselves abreast of the new technological developments and latest consumer trends by developing human capital. They continually invest in the new age developers for the latest technologies, increasing productivity and adding value.

Major Players:

The key players leading the cold storage Developed Markets include Lineage Logistics Holdings (US), Americold Logistics LLC (US), Nichirei Corporation (Japan), Kloosterboer (Netherlands), Tippmann Group (US), VersaCold Logistics Services (Canada), NewCold (Netherlands), and Snowman Logistics Pvt Ltd (India), among others.

Industry/ Innovation /Related News:

Jul 15, 2021 — Lineage Logistics and venture capital firm announced their partnership to provide cold storage warehousing solutions with deeper access to technology from startup companies into which 8VC has invested. The deal formalizes an existing relationship between the two entities and gives 8VC a close corporate partner and a dominant player in the refrigerated supply chain world.

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