How Has The Computer Vision in Cold Storage Market Size Evolved In Recent Years?
The cold storage market has seen considerable growth due to a variety of factors.
• The scale of the cold storage market has seen a substantial expansion over the past few years. The market, which was valued at $41.67 billion in 2024, is projected to reach $45.61 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 9.4%.
The historical growth of the market can be credited to several factors including increased consumption of dairy products prompting more demand for cold storage, a surge in demand stemming from the processed food and healthcare sectors, advancements in related technology, heightened focus on product quality and sensitivity, and a rise in food exports.
What Is The Projected Growth Of The Cold Storage Market?
The cold storage market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the cold storage market size is projected to experience robust growth, escalating to $62.79 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 8.3%.
Factors such as a growing and aging populace, increased automation usage, strong governmental support, rising investments, quick e-commerce expansion, and enhanced consumption of packaged food are contributing to the growth in the forecasted period. The major trends for the forecasted duration include a heightened focus on quality and product sensitivity, companies implementing sustainability initiatives, the advent of smart warehousing, the application of IoT within cold storage, and strategic mergers and acquisitions.
What Are the Critical Driver Fuelling the Cold Storage Market's Growth?
The growth of the cold storage market is anticipated to be driven by the surge in perishable goods. Perishable goods, such as fruits, vegetables, dairy items, pharmaceuticals, and more—which are known for their short shelf life and tendency to spoil quickly—are on the rise. The escalating trade in these goods necessitates a more efficient cold storage market to cater to customer needs with high-quality products. To illustrate, a report from the United States Department of Agriculture, a federal agency based in the U.S., stated that in August 2023, the prediction for contracted tomato production in California stands at 12.9 million tons with an average yield of 50.8 tons per acre. This is a 23% rise compared to the previous year's 10.5 million tons, increasing by 2% from the May estimate. The harvest region is expected to expand by 13% from 2022 to 254,000 acres. Consequently, the trade increase in perishable goods is likely to amplify the need for cold storage.
What Are The Principal Market Segments In The Global Cold Storage Healthcare Industry?
The cold storage market covered in this report is segmented –
1) By Type: Private And Semi-Private, Public
2) By Construction: Bulk Storage, Production Stores, Ports
3) By Temperature: Frozen, Chilled
4) By Application: Fruits And Vegetables, Dairy, Fish, Meat And Seafood, Processed Food, Pharmaceuticals, Other Applications
Subsegments:
1) By Private And Semi-Private: Private Cold Storage, Owned by Individual Companies For Exclusive Use, Customized Solutions For Specific Inventory Needs, Semi-Private Cold Storage, Shared Facilities Among a Limited Number Of Users, Flexible Space Allocation And Shared Operational Costs
2) By Public: Open To Multiple Clients And Businesses, Services Offered On Rental Basis, Typically Larger Facilities That Accommodate Various Products
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Which Emerging Market Trends Are Altering The Cold Storage
Leading businesses in the cold storage industry are adopting innovative automation technologies such as intelligent last-mile delivery platforms to consolidate their market presence. Such platforms optimize the distribution of temperature-sensitive items by amalgamating sophisticated inventory management systems and real-time tracking to assure efficient and trustworthy delivery. For instance, in September 2022, Celcius Logistics, an India-based cold-chain marketplace startup, launched a new intelligent last-mile delivery platform to solve significant challenges in India's cold supply chains. The platform is equipped with a unique Inventory Management System (IMS) and is backed by collaborations with vehicle owners and automotive manufacturers, establishing an extensive network of refrigerated vehicles. The platform was first introduced in six major cities, but Celcius intends to broaden its reach to tier-2 cities within six months.
Who Are the Key Players in the Cold Storage Market?
Major companies operating in the cold storage market include:
• Americold Logistics LLC
• Burris Logistics
• United States Cold Storage
• Toyo Suisan Kaisha. Ltd,VersaCold Logistics Services
• Lineage Logistics Holdings
• Tippmann Group
• Snowman Logistics Pvt Ltd
• Conestoga Cold Storage
• Coldman Logistics
• Cold Box India LLP
• Rinac India Limited
• Singhania Logistics & Distribution Pvt. Ltd
• Cold Storage Japan Ltd
• Sinotrans Shanghai Cold storage Company
• Kerry Logistics Network Limited
• Global Cold storage Solutions
• China Resources Logistics Limited
• Beijing Er Shang Group
• Jinjiang International Holdings Co. Ltd
• Nichirei Logistics Group Inc
• HNA
• Valley Food Storage
• ACS&T Logistics
• VIMA Foods
• Logifrio
• Cabezuelo Foods
• Ebro Foods
• CRS IE
• Maersk
• Ruzave
• FREJA Transport & Logistics
• Priority Freight
• Dropex
• Internel Sp. z o.o
• NATANEX
• PUH Jamax
• ARRA GROUP SP. Z O.O. SP. K
• NOWAKOWSKI TRANSPORT Sp. z o.o
• Fructus Transport
• Artrans Transport
• NewCold
• Frialsa
• Qualianz
• ARCOSA
• Bradner Cold Storage
• Congebec
• Confederation Freezers
• Interstate Warehousing. Inc
• Constellation Cold Logistics
• Localfrio S/A
• Brado Logistica S/A
• ComFrio
• Martini Meat S/A
• Friozem Armazens Frigorificos Ltda
• Comfrio SoluCoes LogIsticas
• Agility
• Al Futtaim
• RSA Cold Chain
• Sharjah cold stores
• Tameem logistics
• APG Logistics
• GEFCO South Africa
• Value Logistics
• Transnova Africa
• KAP Industrial Holdings Limited
• Tsiko Africa Group
• Bakers SA Limited
• ColdHubs
What are the Regional Insights into the Cold Storage Market?
North America was the largest region in the cold storage market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cold storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
