The global Cold Storage Market is predicted to reach USD 212.54 billion by 2025 owing to the increasing retail sector in emerging countries across the globe. Cold storage is a room with low temperature maintained by using machinery and appropriate equipment. India, a developing economy is observed as special geography with a wide range of quality soil that can produce various types of vegetables & fruits along with marine products in huge quantities in coastal areas.
The cold storages play a very important role in extending the shelf life, marketing period, avoiding excess supply and reducing transport bottlenecks in the high time of production, and maintaining product quality. In short, cold storage is essential for minimizing the wastage of perishable items and hence offering remunerative prices to the farmers and producers. The ever-growing population and the demand for food products are expected to boost the cold storage market with a CAGR of 12.4% in the coming years.
The retail sector in the emerging economies is progressively getting organized. The licensed retailers of the organized retail industry sell products of different varieties. As compared to the traditional provisions, the organized retail provisions use improved storage technology and better refrigeration techniques. These factors are predicted to augment the cold storage market in near future.
However, the lack of infrastructure required for market development is the major challenge for the cold storage market players to expand in the emerging markets. Moreover, the shortage of power hook-ups for reefer trailers at transportation centers and ports with inconsistent power supply for cold storage is expected to increase the operating costs.
On the other hand, these restraints also provide opportunities to the cold storage market players to introduce innovative solutions or implement alternative energy sources to overcome the unpredictable power supply in developing regions. Besides, new transport modes like versatile refrigerated containers are developed to overcome the adequate transportation facility. These actions can offer access to the global market and bring in opportunities for the producers and small businesses in these areas.
The cold storage market can be categorized based on temperature type, application, and geography. Based on temperature type, the market can be divided into the chilled type and frozen type. In the terms of application, the market can be divided into vegetables & fruits, fish, dairy products, pharmaceuticals, and seafood & meat.
Geographically, the cold storage industry is segmented as North America, South America, Europe, Asia Pacific, and Middle East & Africa. The Asia Pacific is expected to dominate the cold storage market in near future owing to the growth in the refrigerated storage capacity. Especially, the Indian market is predicted to hold less than half of the entire cold chain capacity to meet its current requirements.
The key cold storage market player profiled here are Americold Logistics LLC, Al Rai Logistica K.S.C, Agro Merchants Group, Burris Logistics, Barloworld Limited, Cloverleaf Cold Storage, Gulf Drug LLC, Henningsen Cold Storage Company, Kloosterboer, Lineage Logistics, Nordic Logistics, Oxford Logistics Group, Oceana Group Limited, Preferred Freezer, RSA Logistics, Swire Group, VersaCold Logistics Services, United States Cold Storage Inc., Wared Logistics and Wabash National Corporation.
Warehouse Type Outlook (Revenue, USD Billion; 2014 - 2025)
• Private & semi-private
Construction Type Outlook (Revenue, USD Billion; 2014 - 2025)
• Bulk storage
• Production stores
Temperature Type Outlook (Revenue, USD Billion; 2014 - 2025)
Application Outlook (Revenue, USD Billion; 2014 - 2025)
• Fruits & vegetables
• Fish, meat & seafood
• Processed food
Regional Outlook (Revenue, USD Billion; 2014 - 2025)
• North America
• Asia Pacific
• South America
• The Middle East and Africa (MEA)
Research Support Specialist, USA
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