Global Cold Storage Market Opportunities and Strategies Report 2023
DublinAnd January 27, 2023 /PRNewswire/ – File Global Cold Storage Market Opportunities and Strategies to 2031 The report has been added to ResearchAndMarkets.com an offer.
The cold storage market has reached a value of approx 30,833.6 million dollars in 2021, having grown at a compound annual growth rate (CAGR) of 4.4% since 2016. The market is expected to grow from 30,833.6 million dollars In 2021 to 46.059.1 million dollars in 2026, by 8.4%. The market is then expected to grow at a CAGR of 7.6% from 2026 and reach 66,317.5 million dollars In the year 2031.
This report describes and explains the cold storage market and covers from 2016 to 2021, it is called the historical period, and the period 2021 to 2026 is called the forecast period, along with more forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
Growth in the historical period resulted from increased demand for dairy products to drive demand for cold storage, increased demand from the processed food and healthcare industry, increased technology development, focus on quality and product sensitivity and increased food exports. Factors that negatively affected growth in the historical period were high upfront cost and energy consumption cost, inefficient handling of perishables, and high real estate costs.
Going forward, an increasing and aging population, increased use of automation, strong government support, increased investments, rapid growth in e-commerce, and increased consumption of packaged foods will drive the growth. Factors that can hinder future growth of the cold storage market include damaged goods, insufficient farm gate and mobile infrastructure, impact of COVID-19 on businesses, global recession, and Russia-Ukraine war.
The cold storage market is segmented by type into private, semi-private, and public. The public market was the largest segment of the cold storage market segmented by type, accounting for 71.2% of the total in 2021. The private and semi-private segment is expected to be the fastest growing segment of the cold storage market segmented forward. By type, at a compound annual growth rate of 8.7% over the period 2021-2026.
The cold storage market is further segmented into bulk storage, production warehouse, and port divisions. The bulk storage market was the largest segment of the cold storage market segmented by construction, accounting for 45.8% of the total in 2021. The bulk storage segment is expected to be the fastest growing segment of the cold storage market segmented by construction, with a CAGR of 8.4 % during the period 2021-2026.
The cold storage market is segmented based on temperature into frozen and refrigerated. The freezers market was the largest segment of the cold storage market segmented by temperature, accounting for 72.1% of the total in 2021. The frozen segment is expected to be the fastest growing segment of the cold storage market segmented by temperature, at a CAGR of 8.5% during the period 2021-2026.
The cold storage market is segmented by application into fruits and vegetables, dairy products, fish, meat and seafood, processed food, pharmaceuticals, and other applications. The fruits and vegetables market was the largest segment in the cold storage market segmented by application, accounting for 43.6% of the total in 2021. The fish, meat and seafood segment is expected to be the fastest growing segment in cold storage. The market is segmented by application, at a CAGR of 9.0% during 2021-2026.
Asia Pacific It was the largest region in the cold storage market, accounting for 37.6% of the total in 2021. It was followed by North AmaricaAnd Western Europe Then the other areas. From now on, it will be the fastest growing regions of cold room market Africa And Middle east Where the growth will be at a compound annual growth rate of 12.5% and 11.6%, respectively. It will follow South america And Asia Pacific The markets are expected to grow at a compound annual growth rate of 10.5% and 9.0%, respectively.
The cold room market is somewhat fragmented with many local businesses. The top ten competitors in the market accounted for up to 12.94% of the total market in 2021. These market players seek to gain higher market share by adopting strategies, such as investments, partnerships, acquisitions and mergers, and companies spend on developing improved products.
Moreover, they also focus on maintaining competitive pricing. Americold Logistics LLC was the top competitor with 3.72% of the market, followed by Burris Logistics with 3.07%, Nichirei with 2.13% and US Cold Storage with 1.95%, Toyo Suisan KaishaLtd. by 0.65%, VersaCold Logistics Services by 0.53%, Lineage Logistics Holdings by 0.45%, Tippmann Group by 0.31%, Snowman Logistics Pvt Ltd by 0.08%, Conestoga Cold Storage by 0.05%.
The best opportunities in the cold storage market segmented by type will emerge in the public sector, which is going to win $10,629.1 million of global annual sales by 2026. The best opportunities in the cold storage market segmented by construction will emerge in the bulk warehousing segment, which will gain $7,009.5 million of global annual sales by 2026.
The best opportunities will emerge in the cold storage market segmented by temperature in the frozen segment, which will gain 11156.3 million dollars of global annual sales by 2026. The best opportunities will emerge in the cold storage market segmented by application in the fruits and vegetables segment, which will gain 6769.6 million dollars of global annual sales by 2026. The refrigerated storage market size will gain the most in the USA 4053.2 million dollars.
Strategies based on market trends for the cold storage market include focus on quality and product sensitivity, companies taking sustainability initiatives, smart warehousing, using the Internet of Things to facilitate cold storage, and strategic mergers and acquisitions.
The strategies adopted by the player in the cold storage market include focusing on strengthening its business operations through strategic acquisitions, partnerships, collaborations, mergers, and other strategies.
To capitalize on opportunities, the publisher recommends cold storage companies focus on smart storage, focus on Internet of Things (IOT) use, focus on sustainability initiatives, expand into emerging markets, remain focused on developed markets, increase focus on mergers and acquisitions, and offer competitive pricing. , participate in trade fairs and events, continue to use B2B promotions, and continue to target fast-growing applications.
Includes a selection of the companies mentioned in this report
Main topics covered:
1. Executive summary
2. Table of Contents
3. List of formats
4. List of tables
5. Report structure
6. Introduction and market characteristics
6.1 General definition of the market
6.2 Summary
6.3 Cold Storage Market Definition and Segmentation
6.4. Market segmentation by type
6.4.1. Private and semi private
6.4.2. General
6.5. Market segmentation by construction
6.5.1. Bulk material storage
6.5.2. production stores
6.5.3. ports
6.6. Market segmentation by temperature
6.6.1. frozen
6.6.2. Chiller
6.7 Market Segmentation by Application
6.7.1. Fruits and vegetables
6.7.2. dairy
6.7.3. Fish, meat and seafood
6.7.4. Processed food
6.7.5. pharmaceutical
6.7.6. other apps
7. Key trends and strategies
7.1 Companies that are taking sustainability initiatives
7.2 Smart Storage
7.3. Manufacturers are using the Internet of Things to facilitate cold storage
7.4. Strategic mergers and acquisitions
8. Global market size and growth
8.1 Market size
8.2 Historical Market Growth, 2016-2021, Value ($ Million)
8.2.1. Market drivers 2016 – 2021
8.2.2. Market restrictions 2016-2021
8.3 Market Growth Forecast, 2021-2026, 2031F Value ($ Million)
8.3.1. Market drivers 2021 – 2026
8.3.2. Market restrictions 2021-2026
9. Global market segmentation
9.1 Global Cold Storage Market, Segmentation by Type, Date, and Forecast, 2016-2021, 2026F, 2031F, Value ($ Million)
9.2. Global Cold Storage Market, Segmentation by Generation, Historical and Forecast, 2016-2021, 2026F, 2031F, Value ($ Million)
9.3 Global Refrigeration Storage Market, Segmentation by Temperature, Historical and Forecast, 2016-2021, 2026F, 2031F, Value ($ Million)
9.4 Global Refrigeration Storage Market, Segmentation by Application, Historical and Forecast, 2016-2021, 2026F, 2031F, Value ($ Million)
10. Global, regional and country market analysis
10.1. Global Refrigeration Storage Market, by Region, Historical and Forecast, 2016-2021, 2026F, 2031F, Value ($ Million)
10.2. Global Refrigeration Storage Market, by Country, Historical and Forecast, 2016-2021, 2026F, 2031F, Value ($ Million)
For more information on this report visit https://www.researchandmarkets.com/r/r56cqu-storage?w=5
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