Global Refrigerated Warehouse Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029
The handling of refrigerated and frozen food products & pharmaceutical products are amongst the most demanding aspect for a pharmaceutical manufacturer and food producer, as well as a logistic trader. A refrigerated warehouse is considered to be one such service which enables optimum administration of cold chain in storing and transporting these products. These warehouses provide an extensive range of temperature for preserving a range of products such as meat, fish and poultry, confectionary, and dairy products, among others. Perishable commodities that might rot under normal conditions are stored in refrigerated warehouses. Fruits, dairy products and vegetables, among other items, must be kept at a specified temperature to stay fresh in a refrigerated warehouse. Also, the refrigerated warehouse prevents sprouting and pest damage. Apart from food, refrigerated warehousing is required for blood samples, camera film, beverages, candles, and others. Refrigerated warehousing is linked to logistics such as refrigerated containers and refrigerated ships to transport goods to other locations.
Market Overview:The latest research study on the global Refrigerated Warehouse market finds that the global Refrigerated Warehouse market reached a value of USD 28564.0 million in 2022. It’s expected that the market will achieve USD 50563.7 million by 2028, exhibiting a CAGR of 9.99% during the forecast period.
Refrigerated Warehouse Market Challenges
Factors that could hinder the growth of the market in the future include intense competition and increasing land costs. The rise in infrastructure cost and high energy Revenue will hamper the market growth rate. Additionally, high energy bills involved with the operation of refrigerated systems will obstruct the refrigerated warehousing market's overall growth. Also, the absence of infrastructural support in emerging markets and the scarcity of skilled resources will challenge the refrigerated warehouses market throughout the forecast period.
There are certain restraints and challenges faced which will hinder the overall market growth. The factors such as lack of sufficient infrastructure and lack of reliable power sources at cold warehouses are inhibiting the growth of the market. Further, the lack of a sufficient Capacity of power hook-ups at transportation hubs is expected to sluggish growth during the forecast period. The environmental concerns regarding greenhouse gas emissions and of skilled resources in developed markets along with the absence of standards and protocols are the potential restraints hampering the overall growth of the global refrigerated warehouse Market.
Company Overview:The top three companies are Lineage Logistics, Americold Logistics, United States Cold Storage with the revenue market share of 8.02%, 6.45%, 3.50% in 2021.
Lineage Logistics is an innovator in temperature-controlled supply chain and logistics. Lineage’s expertise in end-to-end logistical solutions, its unrivaled real estate network, and its use of technology combine to promote food safety, increase distribution efficiency, advance sustainability, lessen environmental impact, and minimize supply chain waste. Lineage Logistics is reimagining the world’s food supply chain by preserving, protecting, and optimizing the distribution of food. Innovative technology, streamlined operations and a global network of facilities combine to form one of the world's most dynamic companies in temperature-controlled logistics.
Americold is the global leader in temperature controlled warehousing and logistics to the food industry, offering the most comprehensive warehousing, transportation and logistics solutions in the world. To be the global provider of choice for temperature-controlled infrastructure and supply chain solutions through Americold’s innovation, experience, and people.
Segmentation Overview:Among different product types, Public Type segment is anticipated to contribute the largest market share in 2028.
Application Overview:By application, the Fish, Meat & Seafood segment occupied the biggest share from 2018 to 2022.
Key Companies in the global Refrigerated Warehouse market covered in Chapter 3:Stockhabo
Friozem Armazens Frigorificos
Confederation Freezers
Trenton Cold Storage
VersaCold Logistics Services
Americold Logistics
Lineage Logistics
United States Cold Storage
Superfrio Armazens Gerais
Conestoga Cold Storage
Congebec Logistics
Bring Frigo
Tippmann Group
Burris Logistics
Frialsa Frigorificos
Nichirei
VX Cold Chain Logistics
NewCold Advanced Cold Logistics
In Chapter 4 and Chapter 14.2, on the basis of types, the Refrigerated Warehouse market from 2018 to 2029 is primarily split into:Public Type
Private Type
In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Refrigerated Warehouse market from 2018 to 2029 covers:Fish, Meat & Seafood
Processed Food
Dairy
Fruits & Vegetables
Pharmaceuticals
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)