Published Date: 28-Feb-2022
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According to a new report Global Cold Storage Market, published by KBV research, The Global Cold Storage Market size is expected to reach $258.7 billion by 2027, rising at a market growth of 13.3% CAGR during the forecast period.
The Private & Semi-private market is expected to witness a CAGR of 13.9% during (2021 - 2027). This is attributed to the fact that such warehouses offer flexibility, control on expanse & the ability to make decisions related to the overall priorities of warehouses. Private warehouses also known as proprietary warehouses owned by the enterprise that owns the goods stored in such facilities.
The Processed Food market is expected to witness a CAGR of 12.4% during (2021 - 2027). The rising popularity for consumption of processed food also rises the demand for cold storage warehouses. This is because most of the processed food items become highly perishable in nature due to undergoing from various processes which involve various chemical reactions which may result in spoilage of food if kept at room temperature.
The Bulk Storage market is expected to witness a CAGR of 13% during (2021 - 2027). These types of warehouses are appropriate to preserve vegetables and fruits in large quantities for increasing the accessibility of other essentials like canned goods, flour, cooking ingredients and protect them from direct sunlight to avoid wastage.
The Chilled market is expected to witness highest CAGR of 15.6% during (2021 - 2027). This is because chilled storage warehouses cover the food items like ready-to-eat sandwiches, chilled ready meals that contain fresh meat, dairy products, and other such products. The temperature of such stores is below 8° C which secures the product from harmful bacteria. These storage facilities go through temperature checks on a regular basis to make sure that goods are under adequate conditions.
The North America market dominated the Global Cold Storage Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $84.8 billion by 2027. The Europe market is expected to witness a CAGR of 12.4% during (2021 - 2027). Additionally, The Asia Pacific market is expected to witness a CAGR of 15% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/cold-storage-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Americold Realty Trust, Burris Logistics, Lineage Logistics Holdings, LLC, Kalari Pty Ltd. (John Swire & Sons Limited), VersaCold Logistics Services, Wared Logistics, Wabash National Corporation, and Tippmann Group.
By Warehouse Type
By Construction Type
By Temperature Type
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