The Global Cold Storage Market Projected to increase by USD 145.71 Billion; 52% of growth expected from APAC during 2024-2028- Technavio

NEW YORK, Jan. 23, 2024 /PRNewswire/ -- Projecting a substantial growth, the Global Cold Storage Market is set to achieve a remarkable Compound Annual Growth Rate (CAGR) of 13.83% from 2024 to 2028. The market's trajectory is forecasted to witness a significant upswing, reaching a valuation of USD 145.71 billion during this period. The growth of the APAC market is expected due to the widespread presence of suppliers and consumers in both the food and healthcare product industries. For a comprehensive understanding of the regional impact on market growth, access our free sample report

Some of the leading companies such as Americold Realty Trust Inc., Beijing Howcool Refrigeration Technology Co. Ltd., Changzhou Yuyan Refrigeration Equipment Co. Ltd., Burris Logistics Co., and others are implementing diverse strategies to enhance their market presence. The report includes a detailed analysis of the competitive landscape, providing information about 20 companies in the market.

For the Global Cold Storage Market, segmentation is done based on Application, Type and Region.

• Application Outlook: Meat and Seafood, Fruits and Vegetables, Bakery and Confectionery, Dairy and Frozen Products, and Others
• Type Outlook: Private, Semi-private, and Public
• Regional Analysis: APAC region is set to contribute 52% to the global market's growth

Additionally, Japan and China exhibit a significant demand owing to increased disposable income and a growing geriatric population. The region experiences heightened expenditure on healthcare, driving demand for temperature-controlled products like biopharmaceuticals and vaccines. Download our PDF sample for additional insights on regions.

Future Outlook:

As the cold storage market evolves in response to dynamic logistics and transportation landscapes, substantial growth is anticipated. The market's growth trajectory is shaped by the increasing popularity of cold chain transportation and an increasing focus on efficient data utilization.

Explore a detailed report that delves into market dynamics, key drivers, trends, and challenges of the Global Cold Storage Market. To access more information, purchase the complete report.

Related Reports:
The frozen food cold chains market size is estimated to grow at a CAGR of 17.36% between 2022 and 2027. The market size is forecast to increase by USD 214.02 billion.

The cold chain logistics market share in the UK is expected to increase by USD 9.17 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 11.22%.

ToC:

Excustive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by End-user

Market Segmentation by Type

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Competitive Landscape

Companies Analysis

Appendix

About Technavio

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With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio