Cold Storage Construction Market Synopsis

Cold Storage Construction Market Size Was Valued at USD 11.67 Billion in 2023, and is Projected to Reach USD 29.37 Billion by 2032, Growing at a CAGR of 10.8 % From 2024-2032.

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.
• Geographically, the market is witnessing substantial growth in Asia-Pacific, driven by rapid industrialization, urbanization, and the expansion of retail and e-commerce sectors. North America and Europe continue to be significant markets, with the increasing need for cold storage solutions in the pharmaceutical and healthcare sectors.

Cold Storage Construction Market Trend Analysis

Increasing Demand for Frozen Food

• 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.
• One of the main drivers is the changing consumer lifestyle and preferences. With fast-paced lifestyles and busy schedules, consumers are increasingly opting for convenient and ready-to-eat frozen food options. The convenience and longer shelf life of frozen products make them an attractive choice for consumers seeking quick and easy meal solutions. This shift in consumer behavior has led to a substantial increase in the production and distribution of frozen food items.
• Globalization and international trade are also contributing factors. As the world becomes more interconnected, the demand for frozen food transcends geographical boundaries. Cold storage facilities play a crucial role in preserving the quality and safety of frozen goods during transportation and storage. This has led to an upsurge in the need for well-equipped cold storage infrastructure, thereby driving the construction market.

Growth in Food and Beverage Industry Creates an Opportunity

• The demand for perishable goods continues to surge, F&B companies are expanding their operations and supply chains, creating a need for advanced cold storage facilities. Cold storage is crucial for preserving the quality and safety of perishable products, including fruits, vegetables, dairy, meat, and processed foods.
• 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.

Cold Storage Construction Market Segment Analysis:

Cold Storage Construction Market is Segmented on the basis of Storage type, Warehouse Type, End User.

By Storage type, Bulk Stores segment is expected to dominate the market during the forecast period

• 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.
• Bulk Stores, within the Cold Storage Construction market, are designed to handle massive volumes of goods efficiently. These facilities often cater to the storage needs of industries engaged in the production and distribution of perishable goods on a large scale. The demand for such storage solutions has witnessed a significant upswing with the globalization of supply chains, prompting the need for strategically located and technologically advanced cold storage facilities.
• The dominance of the Bulk Stores segment can be attributed to its versatility in accommodating various types of products, ranging from fresh produce to pharmaceuticals, and its ability to cater to diverse industries. Moreover, advancements in cold storage technology, including automated systems and energy-efficient solutions, contribute to the attractiveness of Bulk Stores for businesses seeking reliable and cost-effective storage options.

By End User, Food and Beverages segment held the largest share 2022

• The global food and beverage industry have 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.
• Stringent regulations and quality standards imposed by health and safety authorities further underscore the importance of reliable cold storage infrastructure in the food and beverage sector. Meeting these standards requires advanced and specialized cold storage facilities, encouraging businesses to invest in robust construction solutions.
• Additionally, the growing popularity of convenience foods and the expansion of e-commerce in the food and beverage sector have heightened the demand for cold storage spaces. E-commerce platforms necessitate well-designed and temperature-controlled storage facilities to manage the increasing volume of online food deliveries.

Cold Storage Construction Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast Period

• 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.
• The region's burgeoning population and rising middle class have led to a significant uptick in consumption patterns, particularly in the food and pharmaceutical sectors, necessitating advanced cold storage infrastructure. Additionally, the increasing focus on food safety and the preservation of perishable goods has spurred investments in cold chain logistics, propelling the demand for state-of-the-art cold storage facilities.
• Moreover, rapid industrialization and globalization in countries like China and India have heightened the need for robust cold storage solutions to facilitate the seamless movement of temperature-sensitive goods across the supply chain. As e-commerce gains traction in the region, the demand for efficient cold storage for the storage and distribution of perishable products ordered online is further accelerating.

Cold Storage Construction Market Top Key Players:

• Americold (United States)
• 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)
• Henningsen Cold Storage Co. (United States)
• Nordic Cold Storage (United States)
• Trenton Cold Storage (Canada)
• United States Cold Storage (United States)
• Cloverleaf Cold Storage (United States)
• Wabash National Corporation (United States)
• AGRO Merchants Group (United States)
• Burris Logistics (United States)
• Millard Refrigerated Services (United States)
• Nordic Logistics and Warehousing (United States)
• Hanson Logistics (United States)
• MTC Logistics (United States), and Other Major Players.

Key Industry Developments in the Cold Storage Construction Market:

• 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.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. COLD STORAGE CONSTRUCTION MARKET BY STORAGE TYPE (2016-2030)
   1. COLD STORAGE CONSTRUCTION MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. TOOLING PRODUCTION STORES
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. BULK STORES
   5. PORTS
7. COLD STORAGE CONSTRUCTION MARKET BY WAREHOUSE TYPE (2016-2030)
   1. COLD STORAGE CONSTRUCTION MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. PRIVATE AND SEMI-PRIVATE WAREHOUSE
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. PUBLIC WAREHOUSES
8. COLD STORAGE CONSTRUCTION MARKET BY END USER (2016-2030)
   1. COLD STORAGE CONSTRUCTION MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. FOOD AND BEVERAGES
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. PHARMACEUTICALS
   5. CHEMICALS
9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. Cold Storage Construction Market Share By Manufacturer (2022)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. AMERICOLD (UNITED STATES)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. LINEAGE LOGISTICS (UNITED STATES)
   4. PREFERRED FREEZER SERVICES (UNITED STATES)
   5. NICHIREI CORPORATION (JAPAN)
   6. SWIRE COLD STORAGE (AUSTRALIA)
   7. BURRIS LOGISTICS (UNITED STATES)
   8. AGRO MERCHANTS GROUP (UNITED STATES)
   9. INTERSTATE COLD STORAGE (UNITED STATES)
   10. KLOOSTERBOER (NETHERLANDS)
   11. NEWCOLD (NETHERLANDS)
   12. TIPPMANN GROUP (UNITED STATES)
   13. VERSACOLD LOGISTICS SERVICES (CANADA)
   14. FRIALSA FRIGORIFICOS (MEXICO)
   15. HENNINGSEN COLD STORAGE CO. (UNITED STATES)
   16. NORDIC COLD STORAGE (UNITED STATES)
   17. TRENTON COLD STORAGE (CANADA)
   18. UNITED STATES COLD STORAGE (UNITED STATES)
   19. CLOVERLEAF COLD STORAGE (UNITED STATES)
   20. WABASH NATIONAL CORPORATION (UNITED STATES)
   21. AGRO MERCHANTS GROUP (UNITED STATES)
   22. BURRIS LOGISTICS (UNITED STATES)
   23. MILLARD REFRIGERATED SERVICES (UNITED STATES)
   24. NORDIC LOGISTICS AND WAREHOUSING (UNITED STATES)
   25. HANSON LOGISTICS (UNITED STATES)
   26. MTC LOGISTICS (UNITED STATES), AND OTHER MAJOR PLAYERS.
10. GLOBAL COLD STORAGE CONSTRUCTION MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Storage Type
       4. Historic And Forecasted Market Size By Warehouse Type
       5. Historic And Forecasted Market Size By End User
       6. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
11. INVESTMENT ANALYSIS
12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies