Market Overview:
Cold Storage Construction Market Size Was Valued at USD 10.53 Billion in 2022, and is Projected to Reach USD 23.92 Billion by 2030, Growing at a CAGR of 10.8 % From 2023-2030.
The Cold Storage Construction market has experienced significant growth in recent years, driven by the increasing demand for temperature-controlled storage facilities across various industries.
These facilities play a crucial role in preserving perishable goods, pharmaceuticals, and other temperature-sensitive products. The global cold storage construction market is characterized by a surge in demand due to expanding food and beverage industries, growing international trade of perishable goods, and stringent regulations regarding the storage and transportation of pharmaceuticals. Key trends in the market include the adoption of advanced technologies to enhance energy efficiency and reduce environmental impact.
Cold storage facilities are incorporating state-of-the-art refrigeration systems, insulation materials, and automated storage and retrieval systems (AS/RS) for improved operational efficiency. Additionally, there is a rising emphasis on sustainable practices, with the integration of eco-friendly construction materials and energy management solutions.
Top Key Players Covered in The Cold Storage Construction Market:
- Lineage Logistics (United States)
- Preferred Freezer Services (United States)
- Nichirei Corporation (Japan)
- Swire Cold Storage (Australia)
- Burris Logistics (United States)
- AGRO Merchants Group (United States)
- Interstate Cold Storage (United States)
- Kloosterboer (Netherlands)
- NewCold (Netherlands)
- Tippmann Group (United States)
- VersaCold Logistics Services (Canada)
- Frialsa Frigorificos (Mexico), and Other Major Players
Market Dynamics and Factors:
The Cold Storage Construction market is experiencing a significant surge in demand, primarily attributed to the increasing popularity and consumption of frozen food products. The rising demand for frozen food is a key driving factor for the growth of the cold storage construction industry. Several factors contribute to this trend, shaping the market dynamics and creating opportunities for construction companies specializing in cold storage facilities.
The increasing global population, urbanization, and changing consumer preferences towards fresh and frozen products have fueled the expansion of the F&B industry. This growth has led to a rising requirement for efficient and modern cold storage solutions. Cold storage construction plays a pivotal role in meeting this demand by providing temperature-controlled facilities that ensure the integrity of products throughout the supply chain.
Furthermore, the globalization of the F&B supply chain has increased the importance of cold storage facilities for international trade. Cold storage enables the transportation and storage of goods over long distances without compromising their quality. This has created a significant opportunity for the cold storage construction market to cater to the infrastructure needs of a rapidly expanding and evolving F&B industry.
The Cold Storage Construction Market Report Highlight:
- By Storage Type, The Bulk Stores segment is anticipated to wield substantial influence and dominate the Cold Storage Construction market, primarily due to its critical role in accommodating large quantities of goods and commodities in a temperature-controlled environment. Cold storage facilities are pivotal for industries dealing with perishable items, such as food and pharmaceuticals, where maintaining specific temperature conditions is imperative to preserve product quality and safety.
- By End User, The global food and beverage industry has experienced remarkable growth, driven by changing consumer preferences, increasing population, and globalization of food supply chains. As a result, there is a rising need for efficient cold storage solutions to ensure the freshness and safety of products throughout the supply chain.
- By Region, The Asia Pacific region is poised to emerge as a dominant force in the cold storage construction market, driven by a confluence of factors that underscore the region's economic growth, urbanization, and changing consumer preferences. As the demand for cold storage facilities continues to surge, the Asia Pacific market is positioned to capitalize on this trend, displaying substantial growth and prominence.
Key Industry Development:
- In August 2023, Arcadia Cold Storage and Logistics: Announced the opening of four new facilities throughout the year, expanding their national cold storage network. This included a 293,000 square foot facility in Phoenix, Arizona, and a 1.2 million square foot facility in Jacksonville,
- In February 2023, Lineage Logistics: Opened several new facilities in the US and internationally, including a 200,000 square foot facility in Memphis, Tennessee, and a 134,000 square foot facility in Melbourne, Australia.
The Cold Storage Construction Market Segmentation:
By Storage Type
- Production Stores
- Bulk Stores
- Ports
By Warehouse Type
- Food and Beverages
- Pharmaceuticals
- Chemicals
By End- User
- Automotive
- Healthcare
- Aerospace & Defense
- Consumer Electronics
- Power & Energy
For this report, Introspective Market Research has segmented the COLD STORAGE CONSTRUCTION Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- The U.S.
- Canada
- Mexico
Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
