Summary

Refrigerated Warehousing Market Size
The global refrigerated warehousing market size was valued at $43.02 billion in 2024 and is projected to reach $85.82 billion by 2030, growing at a CAGR of 12.2% during the forecast period.

Refrigerated Warehousing Market Overview
Refrigerated warehousing refers to the storage and management of goods within a facility equipped with controlled temperature and humidity conditions, typically kept at low temperatures to preserve the quality and freshness of perishable items. This specialized type of storage is essential for a wide range of products, including perishable food items like fruits, vegetables, dairy, and meat, as well as pharmaceuticals and other temperature-sensitive goods. The refrigeration systems in these warehouses help slow down the deterioration or spoilage of goods, extending their shelf life and maintaining their integrity throughout the supply chain. Companies involved in the storage and distribution of temperature-sensitive products rely on refrigerated warehousing to ensure the delivery of high-quality and safe goods to consumers, while also minimizing waste and losses due to spoilage.

Refrigerated Warehousing Market Dynamics
• The refrigerated warehousing market is expected to witness significant growth in the future due to the emphasis on energy-efficient refrigeration systems, expansion of e-commerce, and the rising demand for eco-friendly refrigerants.
• Additionally, the growing demand for perishable goods, expansion of cold chain logistics, and the increasing consumer awareness of food safety are the prominent factors driving the growth of the refrigerated warehousing market.
• However, the high initial investment and operational costs and stringent regulatory compliance are restraining the market growth.
• On the contrary, the technological advancements in refrigeration systems and the integration of IoT and automation in cold chain management are creating opportunities for the market growth.

Impact of COVID-19 on the Refrigerated Warehousing Market
The increased demand for essential perishable goods, including food and pharmaceuticals, led to a surge in the need for refrigerated storage facilities. The pandemic highlighted the critical role of cold chain logistics in ensuring the safe and reliable supply of temperature-sensitive products. On the other hand, lockdowns, restrictions, and disruptions in global supply chains posed operational challenges for refrigerated warehousing providers. The heightened focus on hygiene and safety also prompted additional measures and investments in facility sanitation and employee protocols. Overall, while the pandemic underscored the importance of resilient cold chain systems, it also underscored the vulnerabilities and complexities within the refrigerated warehousing industry in the face of global crises.

By Application, the Food and Beverages Segment is projected to be the Largest Segment in the Refrigerated Warehousing Market
The food and beverages segment is projected to be the largest segment in the refrigerated warehousing market during the forecast period owing to the growing awareness of food safety regulations and the increasing emphasis on maintaining the cold chain integrity. With consumers placing a premium on the quality and safety of the products they consume, businesses in the food and beverage sector are investing in advanced refrigeration technologies and storage facilities. In addition, the robust demand for refrigerated warehousing in the food and beverages segment is a response to the industry's evolving dynamics, marked by increased production, international trade, and a heightened focus on product quality and safety.
• According to the Food and Agricultural Organization (FAO), approximately 30 to 40 percent of food production is wasted before it reaches the market, primarily due to insufficient processing, storage, and transportation facilities. This underscores the significance of the segment's expansion, fueled by the increasing demand for online food delivery services and the imperative to minimize food wastage.

By Geography, Asia Pacific Region Holds the Dominant Position in the Market Revenue
Asia Pacific region holds the dominant position in the market revenue due to the rising demand for a diverse range of perishable goods, including fresh produce, dairy products, and frozen foods. Additionally, the expanding middle-class population in countries such as China and India has contributed to a surge in consumption of refrigerated and frozen products, further driving the need for specialized storage facilities. Furthermore, the rise in international trade and globalization has increased the movement of temperature-sensitive goods across borders. As a result, there is a growing requirement for efficient cold chain logistics and refrigerated warehousing to ensure the quality and safety of products during transportation and storage. The food and pharmaceutical industries, in particular, have seen substantial growth in the region, and both rely heavily on controlled temperature environments.
• For instance in June 2021, NewCold, a Netherlands-based company, disclosed a substantial investment of USD 120.5 million aimed at the expansion of its cold storage facility in Victoria, Australia. The expansion project is slated to increase the facility's capacity from its existing 115,000 pallet positions to an impressive 225,000 pallet positions.

Key Target Audience:
• Food and Beverage Manufacturers
• Pharmaceutical Companies
• Retailers and Supermarkets
• Cold Chain Logistics Companies
• Government Regulatory Bodies
• Suppliers of Refrigeration Equipment
• Transportation and Logistics Service Providers
• Packaging Manufacturers

List of the Key Players Profiled in the Report Includes:
• AmeriCold Logistics
• Lineage Logistics
• Preferred Freezer Services
• John Swire
• AGRO Merchants
• Nichirei Logistics
• Kloosterboer Services
• Interstate Cold Storage
• Cloverleaf Cold Storage
• Henningsen Cold Storage
• Burris Logistics

Recent Developments:
• In March 2023, Americold officially expanded its facility in Santa Perpetua, Barcelona, Spain, signaling an enhancement in its capabilities to serve the region. The expansion incorporates 11 additional loading bays and introduces 12,000 more pallet positions, significantly increasing the capacity for temperature-controlled products and services for customers. The Santa Perpetua facility now boasts over 20,000 pallet positions, providing storage solutions for frozen, chilled, and ambient produce. Beyond storage, the facility offers comprehensive services, including order preparation, transportation, and a diverse range of value-added services, catering to the needs of customers not only in Spain but also throughout Europe.

Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Temperature:
• Chilled
• Frozen

Market by, Technology:
• Evaporative Cooling
• Blast Freezing
• Programmable Logic Controller (PLC)

Market by, Application:
• Fruits and Vegetables
• Food and Beverages
• Bakery & Confectionery
• Milk and Dairy Products
• Meat and Sea Food
• Drugs and Pharmaceuticals

Market by, Geography:
The refrigerated warehousing report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:
• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

What can be explored with this research report:
• Understand the key trends that will drive the market and the challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observe promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

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Table of Contents

1 Market Introduction
1.1 Market Definition
1.2 Research Scope and Segmentation
1.3 Stakeholders
1.4 List of Abbreviations

2 Executive Summary

3 Research Methodology

4 Market Dynamics
4.1 Market Drivers
4.2 Market Restraints
4.3 Market Opportunities
4.4 Market Challenges
4.5 Impact of COVID-19 on Refrigerated Warehousing Market

5 Porter's Five Force Analysis
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Buyers
5.3 Threat of New Entrants
5.4 Threat of Substitutes
5.5 Competitive Rivalry in the Market

6 Global Refrigerated Warehousing Market by, Temperature
6.1 Overview
6.2 Chilled
6.3 Frozen

7 Global Refrigerated Warehousing Market by, Technology
7.1 Overview
7.2 Evaporative Cooling
7.3 Blast Freezing
7.4 Programmable Logic Controller (PLC)

8 Global Refrigerated Warehousing Market by, Application
8.1 Overview
8.2 Fruits and Vegetables
8.3 Food and Beverages
8.4 Bakery & Confectionery
8.5 Milk and Dairy Products
8.6 Meat and Sea Food
8.7 Drugs and Pharmaceuticals

9 Global Refrigerated Warehousing Market by, Geography
9.1 Overview
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 UK
9.3.4 Italy
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 South Korea
9.4.5 Australia
9.4.6 New Zealand
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 UAE
9.6.2 Saudi Arabia
9.6.3 Qatar
9.6.4 Iran
9.6.5 South Africa
9.6.6 Rest of Middle East & Africa

10 Key Developments

11 Company Profiling
11.1 AmeriCold Logistics
11.1.1 Business Overview
11.1.2 Product/Service Offering
11.1.3 Financial Overview
11.1.4 SWOT Analysis
11.1.5 Key Activities
11.2 Lineage Logistics
11.3 Preferred Freezer Services
11.4 John Swire
11.5 AGRO Merchants
11.6 Nichirei Logistics
11.7 Kloosterboer Services
11.8 Interstate Cold Storage
11.9 Cloverleaf Cold Storage
11.10 Henningsen Cold Storage
11.11 Burris Logistics