Global Cold Storage Market thrives with the rising organized retail sector

1. Global Cold Storage Market foreseen to cross USD 212 billion by 2025 Market overview: The global Cold Storage Market was valued to be USD 94.02 billion in 2019, and it is predicted that it will reach USD 212.54 billion by 2025 at a CAGR of 12.2% during the conjecture period. Cold Storage refers to durable food or anything in the refrigerator or other cold place. Food stored in the refrigerator will last longer. It is of utmost importance for a variety of end uses such as fruits and vegetables, dairy and seafood storage, processed foods, meat processing, and pharmaceuticals. It is also an important part of the supply chain management process when storing or shipping temperature sensitive products. Recent developments: •In January 2018, VersaCold opened a new distribution center in Milton, Ontario. The new center handles around 30 inbound loads and 60 outbound loads per day. Market Drivers and Restrains: Increasing consumer demand for perishable foods and expansion of the organized food retail industry are driving the market growth. Government support for infrastructure development in various developing countries also promotes the growth of this industry. Additionally, further automation of cold storage is expected to further increase demand. Cold storage is now an integral part of supply chain management (SCM) when transporting and storing temperature- sensitive products. However, it also opens the way for industry participants to innovate their own solutions or take advantage of alternative energy sources that can overcome such challenges. Globalization has increased due to trade liberalization, advances in transportation infrastructure and communication technologies, and the growth of multinationals in the food retail sector. As a result, almost any fruit, vegetable, or processed food is sold in local supermarkets throughout the year. Several forces drive and strengthen the trend in the perishable goods trade. The cross-border movement of perishable goods has grown rapidly as tariff and non-tariff barriers to international trade have been

2. lowered. The lack of infrastructure necessary to maintain a cold chain will be a great challenge for companies to expand their businesses in emerging markets. In addition, the lack of electrical connections to refrigeration trailers in transportation hubs and ports will hamper market growth in the region. To know more read: https://www.marketdataforecast.com/market-reports/cold-storage-market Report is segmented as: The global market has been segmented into refrigerated transportation and refrigerated storage by type. Refrigerated storage capacity is increasing in Asia Pacific countries as the need to reduce perishable food waste increases. Depending on the type of temperature, the refrigeration segment is expected to have a relatively larger market share in 2019. The frozen segments are likely to grow due to the large-scale cooling of food products for preservation and extend the shelf life of days to week. Based on the application, the cold chain market has been segmented into bakery and confectionery products,meat, fruits and vegetables, fish, dairy and frozen desserts,and seafood. Geographical Segmentation: North America had the largest market share in 2018 and is expected to expand further from 2020 to 2025. In particular, Mexico is expected to experience exponential growth in North America due to the strengthening of its warehouse network and increased investment in logistics infrastructuredevelopment. The Asia-Pacific region held a significant share of the cold chain industry in 2019, as inflows of foreign direct investment (FDI) increased from emerging economies such as India, Vietnam, and Indonesia. Countries like China are turning to consumer-oriented economies. Key market players: Key players in the market includes Cloverleaf Cold Storage, VersaCold Logistics Services, Barloworld Limited, And Henningsen cold storage. View sample and decide:

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