Global Cold Storage Market Opportunities and Strategies Report 2023

DUBLIN, Jan. 27, 2023 /PRNewswire/ — The “Cold Storage Global Market Opportunities And Strategies To 2031” report has been added to ResearchAndMarkets.com’s providing.

Research and Markets Logo

The chilly storage market reached a price of practically $30,833.6 million in 2021, having grown at a compound annual progress fee (CAGR) of 4.4% since 2016. The market is anticipated to develop from $30,833.6 million in 2021 to $46,059.1 million in 2026 at a fee of 8.4%. The market is then anticipated to develop at a CAGR of seven.6% from 2026 and attain $66,317.5 million in 2031.

This report describes and explains the chilly storage market and covers 2016 to 2021, termed the historic interval, and 2021 to 2026 termed the forecast interval, together with additional forecasts for the interval 2026-2031. The report evaluates the market throughout every area and for the foremost economies inside every area.

Growth within the historic interval resulted from rising demand for dairy merchandise to drive the demand for chilly storage, enhance in demand from processed meals and healthcare business, enhance in expertise improvement, deal with high quality and product sensitivity and enhance in meals export. Factors that negatively affected progress within the historic interval have been excessive preliminary value and value of power consumption, inefficient dealing with of perishables and rising actual property prices.

Going ahead, rising and getting older inhabitants, rising use of automation, strong authorities help, rising investments, fast progress in ecommerce and rising consumption of packaged meals will drive the expansion. Factors that would hinder the expansion of the chilly storage market sooner or later embody broken items, insufficient farm-gate and cellular infrastructure, impact of COVID-19 on corporations and world recession and Russian-Ukrainian struggle.

The chilly storage market is segmented by kind into non-public and semi-private and public. The public market was the most important section of the chilly storage market segmented by kind, accounting for 71.2% of the overall in 2021. Going ahead, the non-public and semi-private section is anticipated to be the quickest rising section within the chilly storage market segmented by kind, at a CAGR of 8.7% throughout 2021-2026.

The chilly storage market can be segmented by building into bulk storage, manufacturing shops and ports. The bulk storage market was the most important section of the chilly storage market segmented by building, accounting for 45.8% of the overall in 2021. Going ahead, bulk storage section is anticipated to be the quickest rising section within the chilly storage market segmented by building, at a CAGR of 8.4% throughout 2021-2026.

The chilly storage market is segmented by temperature into frozen and chilled. The frozen market was the most important section of the chilly storage market segmented by temperature, accounting for 72.1% of the overall in 2021. Going ahead, the frozen section is anticipated to be the quickest rising section within the chilly storage market segmented by temperature, at a CAGR of 8.5% throughout 2021-2026.

The chilly storage market is segmented by utility into fruits and greens, dairy, fish, meat and seafood, processed meals, prescription drugs and different purposes. The fruits and greens market was the most important section of the chilly storage market segmented by utility, accounting for 43.6% of the overall in 2021. Going ahead, the fish, meat and seafood section is anticipated to be the quickest rising section within the chilly storage market segmented by utility, at a CAGR of 9.0% throughout 2021-2026.

Asia Pacific was the most important area within the chilly storage market, accounting for 37.6% of the overall in 2021. It was adopted by North America, Western Europe and then the opposite areas. Going ahead, the fastest-growing areas within the chilly storage market shall be Africa and Middle East the place progress shall be at CAGRs of 12.5% and 11.6% respectively. These shall be adopted by South America and Asia Pacific the place the markets are anticipated to develop at CAGRs of 10.5% and 9.0% respectively.

The chilly storage market is reasonably fragmented with the presence of a number of native corporations. The prime ten opponents available in the market made as much as 12.94% of the overall market in 2021. These market gamers are striving to realize larger market share by adopting methods, akin to investments, partnerships, and acquisitions & mergers and corporations are additionally spending on the event of improved merchandise.

Moreover, they’re additionally specializing in sustaining aggressive pricing. Americold Logistics LLC was the most important competitor with 3.72% of the market, adopted by Burris Logistics with 3.07%, Nichirei Corporation with 2.13%, United States Cold Storage with 1.95%, Toyo Suisan Kaisha, Ltd. with 0.65%, VersaCold Logistics Services with 0.53%, Lineage Logistics Holdings with 0.45%, Tippmann Group with 0.31%, Snowman Logistics Pvt Ltd with 0.08%, and Conestoga Cold Storage with 0.05%.

The prime alternatives within the chilly storage market segmented by kind will come up within the public section, which is able to acquire $10,629.1 million of world annual gross sales by 2026. The prime alternatives within the chilly storage market segmented by building will come up within the bulk storage section, which is able to acquire $7,009.5 million of world annual gross sales by 2026.

The prime alternatives within the chilly storage market segmented by temperature will come up within the frozen section, which is able to acquire $11,156.3 million of world annual gross sales by 2026. The prime alternatives within the chilly storage market segmented by utility will come up within the fruits and greens section, which is able to acquire $6,769.6 million of world annual gross sales by 2026. The chilly storage market measurement will acquire probably the most in USA at $4,053.2 million.

Market-trend-based methods for the chilly storage market embody deal with high quality and product sensitivity, corporations taking sustainability initiatives, good warehousing, use of IoT to facilitate chilly storage, and strategic mergers and acquisitions.

Player-adopted methods within the chilly storage market embody deal with strengthening its enterprise operations by means of strategic acquisition, partnerships, collaborations, mergers and different methods.

To benefit from the alternatives, the writer recommends the chilly storage corporations to deal with good warehousing, deal with use of web of issues (IOT), deal with sustainability initiatives, broaden in rising markets, proceed to deal with developed markets, enhance deal with mergers and acquisitions, present competitively priced choices, take part in commerce reveals and occasions, proceed to make use of B2B promotions, proceed to focus on fast-growing purposes.

A choice of corporations talked about on this report contains

Key Topics Covered:

1. Executive Summary

2. Table of Contents

3. List of Figures

4. List of Tables

5. Report Structure

6. Introduction and Market Characteristics
6.1. General Market Definition
6.2. Summary
6.3. Cold Storage Market Definition and Segmentations
6.4. Market Segmentation By Type
6.4.1. Private and Semi-private
6.4.2. Public
6.5. Market Segmentation By Construction
6.5.1. Bulk Storage
6.5.2. Production Stores
6.5.3. Ports
6.6. Market Segmentation By Temperature
6.6.1. Frozen
6.6.2. Chilled
6.7. Market Segmentation By Application
6.7.1. Fruits and Vegetables
6.7.2. Dairy
6.7.3. Fish, Meat and Seafood
6.7.4. Processed Food
6.7.5. Pharmaceuticals
6.7.6. Other Applications

7. Major Trends And Strategies
7.1. Companies Taking Sustainability Initiatives
7.2. Smart Warehousing
7.3. Manufacturers Are Using IoT to Facilitate Cold Storage
7.4. Strategic Mergers And Acquisitions

8. Global Market Size And Growth
8.1. Market Size
8.2. Historic Market Growth, 2016 – 2021, Value ($ Million)
8.2.1. Market Drivers 2016 – 2021
8.2.2. Market Restraints 2016 – 2021
8.3. Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)
8.3.1. Market Drivers 2021 – 2026
8.3.2. Market Restraints 2021 – 2026

9. Global Market Segmentation
9.1. Global Cold Storage Market, Segmentation By Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)
9.2. Global Cold Storage Market, Segmentation By Construction, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)
9.3. Global Cold Storage Market, Segmentation By Temperature, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)
9.4. Global Cold Storage Market, Segmentation By Application, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)

10. Global Market, Regional And Country Analysis
10.1. Global Cold Storage Market, By Region, Historic and Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)
10.2. Global Cold Storage Market, By Country, Historic and Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)

For extra details about this report go to https://www.researchandmarkets.com/r/r56cqu-storage?w=5

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s main supply for worldwide market analysis stories and market information. We offer you the most recent information on worldwide and regional markets, key industries, the highest corporations, new merchandise and the most recent tendencies.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outdoors U.S.): +353-1-481-

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg