Global Refrigerated Warehousing Market, By Type (Cold Storage, Frozen Storage), Ownership (Private, Public, Bonded), Temperature (Chilled, Frozen), Application (Fruits and Vegetables, Bakery and Confectionery, Milk and Dairy Products, Meat and Seafood, Food, and Beverages), Technology (Programmable Logic Controller (PLC), Evaporation Cooling, Vapour Freezing, and Blast Freezing) – Industry Trends and Forecast to 2030.
Refrigerated Warehousing Market Analysis and Size
Refrigerated warehousing is a significant component of the cold supply chain and implies storing goods at low temperatures. The refrigerated warehousing market is extremely fragmented due to many local vendors resulting in high competition in the global market. Retailers, wholesalers, importers, producers, and exporters are key providers in the refrigerated warehousing market. Furthermore, the increased popularity of organized retail stores along with growing frozen food demand has led to increasing need for better storage system technology such as refrigeration to providing safe food to consumers.
Data Bridge Market Research analyses that the refrigerated warehousing market is expected to reach USD 332.03 billion by 2030, standing at USD 144.08 billion in 2022, registering a CAGR of 11.00% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Refrigerated Warehousing Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Cold Storage, Frozen Storage), Ownership (Private, Public, Bonded), Temperature (Chilled, Frozen), Application (Fruits and Vegetables, Bakery and Confectionery, Milk and Dairy Products, Meat and Seafood, Food, and Beverages), Technology (Programmable Logic Controller (PLC), Evaporation Cooling, Vapour Freezing, and Blast Freezing)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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LINEAGE LOGISTICS HOLDING, LLC (U.S.), Americold Logistics, Inc. (U.S.), NICHIREI CORPORATION (Japan), Interstate Cold Storage (U.S.), Congebec (Canada), Snowman (India), Berkshire Transportation, Inc. (U.S.), Kloosterboer (Netherlands), CONESTOGA COLD STORAGE (Canada), TOYO SUISAN KAISHA, LTD (Japan), Burris Logistics (U.S.), Nissui (Japan), NewCold (U.S.), Frialsa (Mexico), United States Cold Storage (U.S.), Confederation Freezers (Canada), Nor-Am Cold Storage (U.S.)
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Market Opportunities
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Market Definition
A refrigerated warehouse refers to any place other than a home, restaurant, store, or eating establishment with refrigerated space entirely for its use. The refrigerated warehouse provides refrigerated storage facilities to keep the environment cool for unprocessed fruits and vegetables fresh below 41ºF. (5ºC.).
Global Refrigerated Warehousing Market Dynamics
Drivers
- Increasing integration of mobile technologies in warehouses
Refrigerated warehouses are progressively using mobile technologies to monitor warehouse operations proficiently. Mobile technology includes using mobile printers, tablets, smartphones, and other handheld devices for information and communication. These devices use VoIP, digital imaging, GPS, RFID, and voice technology. These devices give warehouse managers access to performance reports and equipment status and allow them to track warehouse operations around the clock. Thus, the increasing integration of mobile technologies in warehouses will likely propel market growth.
- Growing demand for convenience and frozen food products
Increasing millennial consumption of convenience and frozen food products such as patties, fries, and nuggets is another major factor for the market growth. The working population worldwide is shifting toward frozen convenience and frozen food. More than ever, people are eating frozen foods, generating demand for refrigerated warehouses for such products to maintain their shelf life. Moreover, the increasing demand for such products will increase the demand for refrigerated warehouses.
Opportunities
- The increasing importance of refrigerated warehouses in healthcare companies
Various healthcare service-providing companies are highly focusing on the growth and expansion of their refrigerated warehouse capacity, which in turn largely contributes to the market's growth and will likely create lucrative opportunities within the market. For instance, Zuellig Pharma announced expanding its cold storage or refrigerated warehouse capacity in major regional markets in 2020.
- Increasing automation in cold storage industry units
Several refrigerated warehousing companies have begun to focus on transforming their existing refrigerated warehousing facilities into fully automated profit centers through technological interventions. Companies are trying to deliver the best services to users by using various new technologies based on the necessities of the products stored. Different procedures and greater pelleting capacities are likely to generate higher demands and create numerous opportunities for market growth.
Restraints/ Challenges
- High cost associated with the set-up of refrigerated warehousing
Refrigerated warehousing requires various investments related to refrigeration systems, security systems, pelleting capacity, racking systems, refrigerated trucks, and others for establishing a fully working refrigerated warehouse unit. As a result of these requirements, the initial investment becomes very high. Thus, this high initial set cost may obstruct market growth.
- Lack of Infrastructure Facilities
Inadequate storage facilities and frequent power outages are two major issues confronting businesses. The remote locations of the manufacturing farms can sometimes lessen work efficiency. As a result of these improper infrastructure facilities, market growth may get hampered.
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 the 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.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Refrigerated Warehousing Market Scope
The refrigerated warehousing market is segmented on the basis of type, ownership, temperature, application and technology. The growth amongst these segments will help you analyze 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.
Type
- Cold Storage
- Frozen Storage
Ownership
- Private
- Public
- Bonded
Temperature
- Chilled
- Frozen
Application
- Fruits and Vegetables
- Bakery and Confectionery
- Milk and Dairy Products
- Meat and Seafood
- Food and Beverages
Technology
- Programmable Logic Controller (PLC)
- Evaporation Cooling
- Vapour Freezing
- Blast Freezing
Refrigerated Warehousing Market Regional Analysis/Insights
The refrigerated warehousing market is analyzed and market size insights and trends are provided by country type, ownership, temperature, application and technology as referenced above.
The countries covered in the refrigerated warehousing market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the refrigerated warehousing market due to the many refrigerated warehouses in this region. Furthermore, the growing demand for processed foods in this region will further boost market growth.
North America is expected to be the fastest developing region during the forecast period of 2023-2030, owing to the increasing convenience and improving living standards in emerging economies in this region. Furthermore, growing levels of disposable income of the people will further boost the market growth in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes 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 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 refrigerated warehousing market.
Some of the major players operating in the refrigerated warehousing market are:
- LINEAGE LOGISTICS HOLDING, LLC (U.S.)
- Americold Logistics, Inc. (U.S.)
- NICHIREI CORPORATION (Japan)
- Interstate Cold Storage (U.S.)
- Congebec (Canada)
- Snowman (India)
- Berkshire Transportation, Inc. (U.S.)
- Kloosterboer (Netherlands)
- CONESTOGA COLD STORAGE (Canada)
- TOYO SUISAN KAISHA, LTD (Japan)
- Burris Logistics (U.S.)
- Nissui (Japan)
- NewCold (U.S.)
- Frialsa (Mexico)
- United States Cold Storage (U.S.)
- Confederation Freezers (Canada)
- Nor-Am Cold Storage (U.S.)
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