Global Refrigerated Warehousing Market Size study & Forecast, by Ownership (Public, Private and Semi-private), by Temperature (Chilled, Frozen), by Application (Bakery & Confectionery, Dairy & Frozen Desserts, Meat & Sea Food, Drugs & Pharmaceuticals, Fruits & Vegetables, Others) and Regional Analysis, 2022-2029
Global Refrigerated Warehousing Market is valued at approximately USD 129.80 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 12.5% over the forecast period 2022-2029. Refrigerated warehousing as well referred to as cold storage, refers to a system which is utilized to store goods that must be kept at the optimal temperature to retain their freshness. A refrigeration system that is used in a refrigerated warehouse helps to keep the environment and temperature appropriate for each item being stored. In addition, the compressor, condenser receiver, expansion valve, evaporator, and blowers are among the core components of a cold storage room or refrigerated warehouse. Furthermore, in addition to food, refrigerated storage is needed for items like blood samples, camera film, beverages, and more. The key factors driving the market growth are rising consumer demand for frozen food products, government support for infrastructural development in the refrigerated warehousing industry, and development of strong retail channels. Thus, driving the market growth during forecast period.
According to Statista, in 2020, frozen food sales in Germany were valued at over USD 13,850 million, and are anticipated to reach USD 19,464 million by 2026. As a result, rising demand for frozen food products such as meat, seafood, and fish led to an increase in the demand for refrigerated storage for these perishable foods. Thus, driving the market growth of Refrigerated Warehousing. Also, technological advancements in refrigerated warehousing will create lucrative opportunities for the market during the forecast period. However, the lack of infrastructural support in emerging markets & skilled resources stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Refrigerated Warehousing Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the space in terms of revenue, owing to the growing urbanization and the expansion of retail channels. Europe is expected to grow significantly during the forecast period, owing to factors such as rising demand for frozen food, government initiative and investment would create lucrative growth prospects for the Refrigerated Warehousing market across European region.
Major market players included in this report are:
AmeriCold Logistics LLC
Lineage Logistics Holding, LLC
XPO Logistics, Inc.
AGRO Merchants Group, LLC
NewCold Advanced Cold Logistics
Nichirei Logistics Group Inc.
Interstate Warehousing, Inc.
Frialsa Frigoríficos, S.A.
VX Cold Chain Logistics
Nor-Am Cold Storage, Inc.
Recent Developments in the Market:
In 2022, Patrizia acquired a fully-let 31,000sqm cold storage logistics facility in Italy from Savills Investment Management. The cold storage facility is situated in Casorate Primo, a town in the Lombardy region halfway between Milan and Pavia.
In 2021, Kantaro SRL, an Italian provider of cold chain warehouses, was acquired by Lineage Logistics LLC, a leading global provider of temperature-controlled industrial REIT and logistics solutions, from Interporto Rivalta Scrivia. Three warehouses in Nocetolo, situated in the important food-producing province of Reggio Emilia, between Parma and Bologna, are part of the deal.
Global Refrigerated Warehousing Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage
Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered
Ownership, Temperature, Application, Region
Regional Scope
North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope
Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below.
By Ownership:
Public
Private and Semi-private
By Temperature:
Chilled
Frozen
By Application:
Bakery & Confectionery
Dairy & Frozen Desserts
Meat & Sea Food
Drugs & Pharmaceuticals
Fruits & Vegetables
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australi.
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Companies Mentioned
AmeriCold Logistics LLC
Lineage Logistics Holding, LLC
XPO Logistics, Inc.
AGRO Merchants Group, LLC
NewCold Advanced Cold Logistics
Nichirei Logistics Group Inc.
Interstate Warehousing, Inc.
Frialsa Frigoríficos, S.A.
VX Cold Chain Logistics
Nor-Am Cold Storage, Inc.
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