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Canada Refrigerated Warehousing Market – Industry Trends and Forecast to 2030

FMCG

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Canada Refrigerated Warehousing Market – Industry Trends and Forecast to 2030

  • FMCG
  • Upcoming Report
  • Dec 2023
  • Country Level
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Canada Refrigerated Warehousing Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 2,172.76 USD Million
Diagram Market Size (Forecast Year) USD 3,066.31 USD Million
Diagram CAGR %

Major Markets Players

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Canada Refrigerated Warehousing Market, By Equipment Type (Storage, Auxiliary Equipment, Compressors, Condensers, Evaporators, Controller and Vessels, Pumps), Technology (Blast Freezing, Programmable Logic Controller, Evaporative Cooling, Vapor Compression, Cryogenic Systems, Other), Temperature Type (Frozen, Chilled), End-User (Producers, Food Service Providers, Retailers, Others), Application (Food Products, Pharmaceuticals & Biological Products, Beverages, Dietary Supplements, Personal Care Products, Others) – Industry Trends and Forecast to 2030.

Canada Refrigerated Warehousing Market Analysis and Size

A refrigerated warehousing facility is an industrial complex equipped with the necessary infrastructure and technology to store products that are perishable or sensitive to temperature conditions. These facilities provide temperature-controlled storage solutions to a range of industries, including producers, retailers, and food service providers. State-of-the-art technologies are employed to enhance efficiency and maintain products in controlled temperature environments. Refrigerated warehouses are commonly utilized for storing various items such as food products, beverages, pharmaceuticals, biologically sensitive materials, personal care products, and others.

Data Bridge Market Research analyzes the refrigerated warehousing market which was USD  2,172.76 million in 2022, is expected to reach USD  3,066.31 mllion by 2030, and is growing at a CAGR of 4.40% in the forecasted period of 2023 to 2030. "Storage" dominates the equipment type segment of the Canada refrigerated warehousing market due to the core component for storing perishable goods, offering essential temperature-controlled solutions across various industries. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021(Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Pricing in USD

Segments Covered

By Equipment Type (Storage, Auxiliary Equipment, Compressors, Condensers, Evaporators, Controller And Vessels, Pumps), Technology (Blast Freezing, Programmable Logic Controller, Evaporative Cooling, Vapor Compression, Cryogenic Systems, Other), Temperature Type (Frozen, Chilled), End-User (Producers, Food Service Providers, Retailers, Others), Application (Food Products, Pharmaceuticals & Biological Products, Beverages, Dietary Supplements, Personal Care Products, Others)

Market Players Covered

VersaCold Logistics (Canada), Congebec Logistics (Canada), Hanson Canada (Canada), MTC Cold Storage (Canada), Congelation (Canada), Gibson Energy (Canada), Burris Logistics (U.S.), Interstate Warehousing (U.S.)

Market Opportunities

  • Diversification of services
  • Sustainability and energy efficiency

Market Definition.

Refrigerated warehousing refers to specialized industrial facilities equipped with temperature-controlled environments and equipment designed for the storage and preservation of perishable or temperature-sensitive products. These facilities provide controlled temperatures, humidity levels, and other environmental conditions to safeguard a wide range of products, including food items, beverages, pharmaceuticals, biological materials, personal care products, and more. Refrigerated warehousing ensures the integrity and longevity of these products while facilitating their distribution and supply to various industries, retailers, and consumers.

Canada Refrigerated Warehousing Market Dynamics

Drivers

  • Growing food industry

The Canada refrigerated warehousing market is driven by the thriving food industry. With the increasing demand for frozen foods, fresh produce, and other temperature-sensitive food products, the need for reliable and efficient refrigerated storage solutions has surged. As consumers seek high-quality and safe food options, businesses in this industry are compelled to invest in refrigerated warehousing to maintain the integrity of their products and meet regulatory requirements.

  • E-commerce and cold chain logistics

The expansion of e-commerce, particularly in the food and grocery sector, has led to a surge in demand for cold chain logistics and refrigerated warehousing. With the rise of online grocery shopping and food delivery services, there is a growing need for efficient and reliable storage and distribution of perishable goods. This trend is pushing the refrigerated warehousing market to adapt and expand to meet the evolving requirements of e-commerce.

Opportunities

  • Diversification of services

Refrigerated warehousing providers have a valuable opportunity to diversify their service offerings. By expanding beyond traditional storage solutions and providing value-added services such as packaging, labeling, and quality control, they can cater to the changing needs of their clients. This diversification allows them to offer comprehensive and customized solutions that align with the specific requirements of various industries.

  • Sustainability and energy efficiency

The increasing focus on sustainability and energy efficiency, refrigerated warehousing providers have an opportunity to invest in eco-friendly practices. Implementing sustainable technologies, renewable energy sources, and energy-efficient systems not only reduces operational costs but also appeals to environmentally conscious clients. This shift towards sustainability can provide a competitive edge and attract clients looking for greener and more responsible partners.

Restraints/Challenges

  • High operating costs

A significant restraint in the refrigerated warehousing market is the high operating costs associated with maintaining temperature-controlled environments. These costs include electricity consumption, refrigeration systems maintenance, compliance with stringent regulations, and other expenses. Managing these operational expenditures can be challenging, potentially affecting the profitability of refrigerated warehousing facilities.

  • Regulatory compliance

One of the primary challenges in the refrigerated warehousing industry is staying compliant with a complex and ever-evolving set of regulations and safety standards. This includes regulations related to food safety, environmental requirements, and other industry-specific guidelines. Meeting these standards requires ongoing investment in technology, infrastructure, and staff training to ensure the facilities are consistently compliant, posing a substantial challenge for industry players.

Recent Developments

  • On September 18, 2023, Congebec operates cold storage facilities in major Canadian cities, ensuring food safety with BRCGS certification and expertise in multi-temperature storage. They offer complete logistics solutions for optimized food distribution
  • On April 13, 2022, Lineage Logistics has signed an agreement to acquire VersaCold Logistics Services, a Canadian cold chain leader, broadening its business in Canada and enhancing its capacity to serve customers in North America

Canada Refrigerated Warehousing Market Scope

The Canada refrigerated warehousing market is segmented on the basis of equipment type, technology, temperature type, end-user and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Equipment Type

  • Storage
  • Compressors
  • Condensers
  • Evaporators
  • Controller and Vessels
  • Pumps
  • Auxiliary Equipment

Technology

  • Blast Freezing
  • Vapour Compression
  • Programmable Logic Controller
  • Evaporative Cooling
  • Cryogenic Systems
  • Other Technologies

Temperature Type

  • Chilled
  • Frozen

End-User

  • Producers
  • Retailers
  • Food Service Providers
  • Others

Application

  • Food Products
  • Beverages
  • Dietary Supplements
  • Personal Care Products
  • Pharmaceuticals & Biological Products
  • Others

Competitive Landscape and Canada Refrigerated Warehousing Market Share Analysis

The Canada refrigerated warehousing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies focus related to Canada refrigerated warehousing market.

Some of the major players operating in the Canada refrigerated warehousing market are:

  • VersaCold Logistics (Canada)
  • Congebec Logistics (Canada)
  • Hanson Canada (Canada)
  • MTC Cold Storage (Canada)
  • Congelation (Canada)
  • Gibson Energy (Canada)
  • Burris Logistics (U.S.)
  • Interstate Warehousing (U.S.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Canada refrigerated warehousing market size will be worth USD 3,066.31 million by 2030.
The growth rate of the Canada refrigerated warehousing market is 4.40% in the forecast by 2030.
The growing food industry & e-commerce and cold chain logistics are the growth drivers of the Canada refrigerated warehousing market.
Equipment type, technology, temperature type, end-user and application are the factors on which the Canada refrigerated warehousing market research is based.
Major companies in the Canada refrigerated warehousing market are VersaCold Logistics (Canada), Congebec Logistics (Canada), Hanson Canada (Canada), MTC Cold Storage (Canada), Congelation (Canada), Gibson Energy (Canada), Burris Logistics (U.S.), Interstate Warehousing (U.S.)
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