According to a new report published by AkVis Intelligence, titled, “Cold Storage Construction Market by Storage Type, Warehouse Type, End User, and Region Global Market Analysis and Forecast, 2024-2032. The Global Cold Storage Construction Market was valued at $ 11.67 Billion in 2023 and is expected to reach $ 27.77 Billion by the year 2032, at a CAGR of 10.11%. Cold storage is a crucial process used to maintain the freshness and shelf life of unpreserved items in various industries, including medical, industrial, food-beverage, and chemical sectors. The demand for large-scale cold storage construction is increasing due to the cold chain logistics solutions used for the transportation and storage of vegetables, fruits, meat, medicines, and drugs. Cold storage facilities are essential for maintaining the freshness of perishable goods, pharmaceuticals, and other temperature-sensitive items. The global demand for cold storage construction is driven by the growth of food-beverage sectors, the global trade of unpreserved items, and strict regulations for pharmaceutical storage and transport. The market is also integrating advanced technologies to improve energy efficiency and minimize environmental impact.
According to the cold storage construction, the Market Is segmented into Storage Type, Warehouse Type, and End Users. By Storage Type, the market is categorized into Production Stores, Bulk Stores, and Ports. By Warehouse Type, the market is categorized into Private and Semi-Private Warehouse, Public Warehouses. By End User, the market is categorized into Food and Beverages, Pharmaceuticals, and Chemicals. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
The global cold storage construction market is driven by the growing demand for perishable food items, advancements in refrigeration technology, and transportation. Urbanization is also driving the need for creative storage solutions, further driving the growth of this market.
The rise in e-commerce and online grocery delivery services has led to a surge in demand for specific storage facilities for unpreserved items. Cold storage construction firms can capitalize on this trend by constructing custom facilities that cater to the unique needs of these industries. These facilities not only protect perishable goods but also enhance order completion efficiency. As online retail logistics evolves, companies can expand their services to meet the digitally-focused market's logistics needs by investing in scalable, cutting-edge cold storage solutions.
Global Cold Storage Construction Market, Segmentation
Cold Storage Construction Market is Segmented Based on Storage Type, Warehouse Type, End User, and Region.
By Storage Type:
The bulk Stores segment is expected to dominate the market during the forecast period. The Bulk Stores segment is expected to lead the Cold Storage Construction market due to its crucial role in storing large quantities of goods in controlled temperatures. These facilities are essential for industries handling perishable items like food and pharmaceuticals, requiring precise temperature control to maintain product quality and safety. The globalization of supply chains has led to a significant need for tactically placed and technologically advanced cold storage facilities. Bulk Stores' dominance is due to their flexibility in accommodating various products and their appeal to businesses seeking reliable and economical storage options.
By End User Type:
The cold storage construction market is primarily driven by the food and beverages sector, as it focuses on maintaining the freshness and safety of perishable goods. As the international food supply chain grows, cold storage facilities are crucial for maintaining controlled temperatures and preserving the shelf life of unpreserved items. The increasing demand for a wider variety of perishable goods and evolving consumer tastes necessitate more advanced cold storage facilities.
Region:
Asia Pacific is Expected to Dominate the Market Over the Forecast Period. The Asia Pacific region is expected to experience rapid growth due to strong financial development, urbanization, and changing consumer preferences. As financial prudence increases and populations increase, demand for unpreserved items like fresh fruits, vegetables, dairy products, and medications rises. The growing middle class in countries like China and India is requiring high-quality food items and sophisticated refrigeration storage systems. The cold storage construction market in the Asia Pacific is also growing due to these factors. The rising population and middle class in the region lead to increased consumption habits in the food and pharmaceutical industries, requiring advanced cold storage facilities. The importance of food safety and keeping unpreserved items fresh has led to increased investment in cold chain logistics. Industrialization and globalization in countries like China and India have emphasized the need for strong cold storage solutions for smooth transport of perishable goods.
Some of The Leading/Active Market Players Are-
- Americold (U.S.)
- Lineage Logistics (U.S.)
- Preferred Freezer Services (U.S.)
- Burris Logistics (U.S.)
- AGRO Merchants Group (U.S.)
- Interstate Cold Storage (U.S.)
- Tippmann Group (U.S.)
- VersaCold Logistics Services (Canada)
- Henningsen Cold Storage Co. (U.S.)
- Nordic Cold Storage (U.S.) and Other Active Players
Key Industry Developments
- In February 2024, Americold, a leading global company in cold storage logistics, announced plans to construct its first cold storage facility on the CPKC railway network in Missouri. This collaboration with Canadian Pacific Kansas City (CPKC) will incorporate Americold's warehouse facilities into the CPKC network as a strategic partnership. This progress enhances Americold's ability to provide efficient, reliable, and environmentally friendly temperature-controlled logistics services, enhancing its commitment to innovation and excellence in the industry. The new facility aims to enhance supply chain operations and support Americold's continued growth and expansion.
- In March 2023, Lineage Logistics, a leading supplier of temperature-controlled logistics services, revealed the opening of several new facilities across the globe. Two additional locations, one in Memphis, TN, spanning 200,000 square feet, and one in Melbourne, Australia, spanning 134,000 square feet, were recently established to enhance their operational capacity. These expansions demonstrate Lineage's commitment to providing top-notch cold storage solutions, confirming its position as a leading industry player worldwide. The new infrastructure is created to meet the growing demands of clients and enhance supply chain effectiveness in key markets.
Key Findings of the Study:
- The bulk stores segment is expected to dominate the market, due to their essential role in storing large quantities of goods at controlled temperatures and their flexibility in accommodating various products.
- The food and beverages sector is the primary driver of the cold storage construction market, focusing on maintaining the freshness and safety of perishable goods.
- The Asia Pacific region is expected to dominate the market over the forecast period, driven by financial development, urbanization, changing consumer preferences, and increasing demand for high-quality food items and sophisticated refrigeration systems.
T. Kumbhar
Author Information
T. Kumbhar is a Senior Market Research Consultant at IMR, specializing in Agro-Chemicals, Food Tech, Consumer Goods, and more. With four years of experience, he delivers market insights, competitive analysis, and data-driven business strategies.
