Product Code: GVR-2-68038-225-9
Cold Storage Market Growth & Trends:
The global cold storage market size is expected to reach USD 427.6 billion by 2030, registering a CAGR of 18.1% from 2025 to 2030, as per the new report by Grand View Research, Inc. Growing automation in warehouses and the growing popularity of e-commerce for purchasing fresh food has driven market growth. The increasing usage of apps has enabled customers to order a meal as well as track its delivery time easily. Digital retailing has enabled consumers to shop and access products and services anywhere they want.
The rising trend of purchasing perishable products online has led to new opportunities and challenges, including the need for innovative solutions to provide the critical service of last-mile delivery, automated warehouse facilities to manage inventories and reduce per-item costs, and low-cost and advanced temperature monitoring devices that would maintain the safety of fresh food products. Furthermore, the growing popularity of online shopping has dented created barriers to the growth of brick-and-mortar stores. Food and beverage stores have employed different business strategies to overcome this barrier, which include click-and-collect and home delivery options.
Based on storage type, the market is divided into facilities/services and equipment segments. The wide availability and the increasing need for cold storage warehouse facilities drive the facilities/services segment growth. Based on temperature range, the market is divided into chilled (0°C to 15°C), frozen (-18°C to -25°C), and deep-frozen (below -25°C) segments. Changing consumer preferences and growing consumption of ready-to-cook meals are expected to drive the frozen (-18°C to -25°C) segment growth.
Key market players are looking to expand their presence and increase warehouse capacity to gain a competitive edge. For instance, in December 2022, Interstate Warehousing, a Tippmann Group company, announced the expansion of its facilities by holding a groundbreaking ceremony in Kingman, Arizona. The facility was built on a 92-acre site to address the cold storage needs on the West Coast.
The key market players are adopting different development strategies, such as mergers and acquisitions, to expand their presence and market share in the cold storage industry. In August 2022, LINEAGE LOGISTICS HOLDING, LLC announced the completion of its acquisition of VersaCold Logistics Services. The deal was announced on April 13, 2022. VersaCold Logistics Services is a Canadian chain solution provider with 24 temperature-controlled facilities with 114 million cubic feet of capacity spread over nine provinces.
Cold Storage Market Report Highlights:
- Based on storage type, the facilities/services segment dominated the overall market, gaining a revenue share of 89.8% in 2022. It is expected to grow at a CAGR of 17.3% from 2024 to 2030. The construction of energy-efficient cold storage warehouses is expected to provide significant opportunities for market growth
- The equipment segment is projected to grow at the fastest CAGR of 19.3% over the forecast period from 2024 to 2030. Factors such as changing food preferences, changing lifestyles, and growing online food delivery services are driving the demand for frozen food globally
- In terms of temperature range, the frozen (-18°C to -25°C) segment dominated the market in 2022 with a revenue share of 61.6% and is projected to grow at a CAGR of 18.7% from 2024 to 2030. Rising consumption of frozen foods in emerging markets, such as China and India, is driving segment growth. Warehouses under this segment are used to store frozen fruits, vegetables, fish, meat, seafood, and other products
- In terms of application, the pharmaceuticals segment is projected to grow at the fastest CAGR of 19.4% from 2024 to 2030. Pharmaceutical products must be preserved in a specific temperature range to maintain efficacy and adhere to temperature regulations. Therefore, the demand for cold chain storage & equipment is rising in the pharmaceutical industry
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Cold Storage Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Cold Storage Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and social landscape
- 3.3.2.3. Technological landscape
- 3.4. Pain Point Analysis
Chapter 4. Cold Storage Market: Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Cold Storage Market: Type Movement Analysis, 2024 & 2030 (USD Million)
- 4.3. Facilities/Services
- 4.3.1. Facilities/Services Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 4.3.2. Refrigerated warehouse
- 4.3.2.1. Refrigerated warehouse Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 4.3.2.2. Private & Semi-Private
- 4.3.2.2.1. Private & Semi-Private Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 4.3.2.3. Public
- 4.3.2.3.1. Public Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 4.3.3. Cold room
- 4.3.3.1. Cold room Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 4.4. Equipment
- 4.4.1. Equipment Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 4.4.2. Blast freezer
- 4.4.2.1. Blast freezer Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 4.4.3. Walk-in cooler and freezer
- 4.4.3.1. Walk-in cooler and freezer Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 4.4.4. Deep freezer
- 4.4.4.1. Deep freezer Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 4.4.5. Others
- 4.4.5.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
Chapter 5. Cold Storage Market: Temperature Range Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Cold Storage Market: Temperature Range Movement Analysis, 2024 & 2030 (USD Million)
- 5.3. Chilled (0°C to 15°C)
- 5.3.1. Chilled (0°C to 15°C) Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 5.4. Frozen (-18°C to -25°C)
- 5.4.1. Frozen (-18°C to -25°C) Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 5.5. Deep-frozen (Below -25°C)
- 5.5.1. Deep-frozen (Below -25°C) Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
Chapter 6. Cold Storage Market: Application Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Cold Storage Market: Application Movement Analysis, 2024 & 2030 (USD Million)
- 6.3. Food & Beverages
- 6.3.1. Food & Beverages Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.3.2. Fruits & Vegetables
- 6.3.2.1. Fruits & Vegetables Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.3.3. Fruit Pulp & Concentrates
- 6.3.3.1. Fruit Pulp & Concentrates Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.3.4. Dairy products
- 6.3.4.1. Dairy products Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.3.4.2. Milk
- 6.3.4.2.1. Milk Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.3.4.3. Butter
- 6.3.4.3.1. Butter Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.3.4.4. Cheese
- 6.3.4.4.1. Cheese Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.3.4.5. Ice Cream
- 6.3.4.5.1. Ice Cream Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.3.4.6. Others
- 6.3.4.6.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.3.5. Fish, meat, and Seafood
- 6.3.5.1. Fish, meat, and Seafood Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.3.6. Processed Food
- 6.3.6.1. Processed Food Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.3.7. Bakery & Confectionary
- 6.3.7.1. Bakery & Confectionary Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.3.8. Others
- 6.3.8.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.4. Pharmaceuticals
- 6.4.1. Pharmaceuticals Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.4.2. Vaccines
- 6.4.2.1. Vaccines Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.4.3. Blood Banking
- 6.4.3.1. Blood Banking Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.4.4. Others
- 6.4.4.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.5. Others
- 6.5.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
Chapter 7. Cold Storage Market: Regional Estimates & Trend Analysis
- 7.1. Cold Storage Market Share, By Region, 2024 & 2030 (USD Million)
- 7.2. North America
- 7.2.1. North America Cold Storage Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Cold Storage Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.2.3. Canada
- 7.2.3.1. Canada Cold Storage Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.2.4. Mexico
- 7.2.4.1. Mexico Cold Storage Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.3. Europe
- 7.3.1. Europe Cold Storage Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.3.2. UK
- 7.3.2.1. UK Cold Storage Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.3.3. Germany
- 7.3.3.1. Germany Cold Storage Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.3.4. France
- 7.3.4.1. France Cold Storage Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.3.5. Spain
- 7.3.5.1. Spain Cold Storage Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.3.6. Italy
- 7.3.6.1. Italy Cold Storage Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.3.7. Norway
- 7.3.7.1. Norway Cold Storage Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.3.8. Netherlands
- 7.3.8.1. Netherlands Cold Storage Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.3.9. Switzerland
- 7.3.9.1. Switzerland Cold Storage Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.3.10. Russia
- 7.3.10.1. Russia Cold Storage Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Cold Storage Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.4.2. China
- 7.4.2.1. China Cold Storage Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.4.3. Japan
- 7.4.3.1. Japan Cold Storage Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.4.4. India
- 7.4.4.1. India Cold Storage Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.4.5. Singapore
- 7.4.5.1. Singapore Cold Storage Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.4.6. South Korea
- 7.4.6.1. South Korea Cold Storage Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.4.7. Australia
- 7.4.7.1. Australia Cold Storage Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.5. Latin America
- 7.5.1. Latin America Cold Storage Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Cold Storage Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Cold Storage Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.6.2. UAE
- 7.6.2.1. UAE Cold Storage Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.6.3. KSA
- 7.6.3.1. KSA Cold Storage Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.6.4. South Africa
- 7.6.4.1. South Africa Cold Storage Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
Chapter 8. Competitive Landscape
- 8.1. Company Categorization
- 8.2. Company Market Positioning
- 8.3. Company Heat Map Analysis
- 8.4. Company Profiles/Listing
- 8.4.1. Americold Logistics, Inc.
- 8.4.1.1. Participant's Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Product Benchmarking
- 8.4.1.4. Strategic Initiatives
- 8.4.2. LINEAGE LOGISTICS HOLDING, LLC
- 8.4.2.1. Participant's Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Product Benchmarking
- 8.4.2.4. Strategic Initiatives
- 8.4.3. United States Cold Storage
- 8.4.3.1. Participant's Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Product Benchmarking
- 8.4.3.4. Strategic Initiatives
- 8.4.4. Burris Logistics
- 8.4.4.1. Participant's Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Product Benchmarking
- 8.4.4.4. Strategic Initiatives
- 8.4.5. NewCold
- 8.4.5.1. Participant's Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Product Benchmarking
- 8.4.5.4. Strategic Initiatives
- 8.4.6. NICHIREI CORPORATION
- 8.4.6.1. Participant's Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Product Benchmarking
- 8.4.6.4. Strategic Initiatives
- 8.4.7. Tippmann Group
- 8.4.7.1. Participant's Overview
- 8.4.7.2. Financial Performance
- 8.4.7.3. Product Benchmarking
- 8.4.7.4. Strategic Initiatives
- 8.4.8. CONESTOGA COLD STORAGE
- 8.4.8.1. Participant's Overview
- 8.4.8.2. Financial Performance
- 8.4.8.3. Product Benchmarking
- 8.4.8.4. Strategic Initiatives
- 8.4.9. FreezPak Logistics
- 8.4.9.1. Participant's Overview
- 8.4.9.2. Financial Performance
- 8.4.9.3. Product Benchmarking
- 8.4.9.4. Strategic Initiatives
- 8.4.10. Confederation Freezers
- 8.4.10.1. Participant's Overview
- 8.4.10.2. Financial Performance
- 8.4.10.3. Product Benchmarking
- 8.4.10.4. Strategic Initiatives