Canada Refrigerated Warehousing Market – Industry Trends and Forecast to 2029

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 2029.

Canada Refrigerated Warehousing Market  Analysis and Insights

A refrigerated warehousing can be defined as an industrial complex consist of facilities and equipment to store perishable or temperature-sensitive products. The refrigerated warehouses help in offering temperature controlled services to producers, retailers, and food service providers of various industries. Latest and innovative technologies are used to maximize the efficiency and to store products in temperature-controlled environment. The refrigerated warehouses are used to store food products, beverages, pharmaceutical and biological products, personal care, and other products.

Canada refrigerated warehousing market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.4% in the forecast period of 2022 to 2029 and is expected to reach USD 2,937.08 million by 2029.

Refrigerated Warehousing Market Dynamics

Drivers

• Increase in the Number of Supermarkets is Fostering the demand for Refrigerated Warehousing

An increasing number of supermarkets is one of the major drivers for the market this has happened in response to several forces, many of them interconnected with rising incomes urbanization, more female participation in the labor force (increased opportunity cost of time), and the desire to emulate Western culture, spurred on by the globalization of the media and advertising (linked in turn to the globalization of food manufacturing and the promotion of its products as well as of fast foods and soft drinks). There has also been a movement in most developing countries towards liberalization of trade and investment which has brought the global supermarket chains onto the scene, together with economies of scale, buyer power in purchasing, and supply chain management skills.

• Increase in demand for Refrigerated Warehousing in the Pharmaceutical and Personal Care Industry

The demand for refrigerated warehousing has turned out to be the most important requirement for the pharmaceutical and personal care industry as high value inventories such as vaccines and medicine require concise temperatures to ensure safe storage. Fluctuations in temperature can lead to products becoming unstable, reducing their efficacy and making them unsafe for use. These issues mean increased waste, which often can have dramatic cost implications.

Opportunities

• Expansion of the E-Commerce Industry

The expansion of the e-commerce industry continues in the U.S and Canadian markets the revenues for e-commerce continue to increase. New markets are emerging, and existing markets also have the potential for further development and are majorly focusing on e-commerce to further expand their business across the countries. 

Restraints/Challenges

• High Investment in Research and Development Activities for Refrigerated Warehousing

Refrigerated warehousing requires huge investments in the research and development sector as cold storage owners are continuously trying to minimize the overhead costs required for operating a particular warehouse. Research to reduce the overall power consumption is the primary focus of the manufacturers and huge investments to overcome the same are underway.

This refrigerated warehousing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on refrigerated warehousing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Post COVID-19 Impact on Refrigerated Warehousing Market

The COVID-19 has affected the market to some extent due to lockdown the admission of many products was halted as well as the demand from the health care services also decreased which has affected the market. Post-COVID, the demand for refrigerated warehousing is increased due to change in regulations and preventive measures and others.

Canada Refrigerated Warehousing Market Scope

The refrigerated warehousing market is segmented into product type, service, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Equipment Type

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

Based on equipment type, Canada refrigerated warehousing market is segmented into storage, compressors, condensers, evaporators, controller and vessels, pumps, and auxiliary equipment.

Technology

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

Based on technology, Canada refrigerated warehousing market is segmented into blast freezing, vapor compression, programmable logic controller, evaporative cooling, cryogenic systems, and other technologies.

Temperature Type

• Chilled
• Frozen

On the basis of temperature type, Canada refrigerated warehousing market is segmented into chilled and frozen.

End-User

• Producers
• Retailers
• Food Service Providers
• Others

On the basis of end-user, Canada refrigerated warehousing market is segmented into producers, retailers, food service providers, and others.

Application

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

On the basis of application, Canada refrigerated warehousing market is segmented into food products, beverages, dietary supplements, personal care products, pharmaceuticals & biological products, and others.

Refrigerated Warehousing Market Regional Analysis/Insights

The refrigerated warehousing market is analyzed and market size insights and trends are provided by country, equipment type, technology, temperature type, end-user and application.

Canada is expected to grow in the refrigerated warehousing market during the forecast period due the increasing number of expansions and acquisitions of refrigerated warehousing by major players.

The country section of the report also provides individual market impacting factors and changes in regulations in the market that impact the current and future trends of the market. Data points, such as new and replacement sales, country demographics, disease epidemiology, and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of global brands and their challenges faced due to high competition from local and domestic brands, and impact of sales channels are considered while providing forecast analysis of the country data.

Competitive Landscape and Refrigerated Warehousing Market Share Analysis

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

Some of the major players operating in the refrigerated warehousing market are Trenton Cold Storage, Delta Pacific Seafoods, Cold Storage Inc., Iceberg Cold Storage, CONESTOGA COLD STORAGE, Kloosterboer, Congebec, Americold, LINEAGE LOGISTICS HOLDING, LLC, and others.

Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. 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. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Canada Vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.