Cold Storage Construction Market: Global Industry Analysis and Forecast (2024-2030)

Cold Storage Construction Market size was valued at USD 14.29 Bn. in 2023 and the total Cold Storage Construction Market revenue is expected to grow by 14 % from 2024 to 2030, reaching nearly USD 35.77 Bn.
Cold Storage Construction Market Overview:
The room used for cold storage is built using masonry techniques and plastered with at least 25mm of material (mortar). After the plaster has dried, the walls, ceiling, and floor are protected to create a cold storage construction. Following the linearization with import and export facilities, it is one of the markets with the fastest growth. The market is comprised of a unique ecosystem that includes upstream participants including raw material suppliers, downstream stakeholders, vendors, and end users including both users and governmental organizations.

In terms of storage, the production store category is the cold storage product with the fastest market growth owing to the concrete protection of objects, such as raw materials, and semi-finished products, during the production process finished, as well as finished goods. These are usually seen in locations where the Products are produced or acquired. The cold chain is related to the growth of the cold storage building sector. Solutions for cold chain logistics are frequently used to deliver and preserve foods like fruits, vegetables, meat, livestock, and pharmaceuticals. Refrigerated vehicles, refrigerated cargo, and air cargo are all common routes of transportation.
Report Scope:
A quantitative analysis of the market's drivers, restraints, trends, and projections is provided by the research on cold storage construction. Porter's five forces analysis shows how buyers and suppliers can develop their supplier-buyer networks and make decisions that are motivated by profit. With the use of extensive analysis, market size, and segmentation, the current Cold Storage Construction Market potential can be determined. Investors will gain a thorough understanding of the industry's future from the study, which also includes the factors expected to affect the company either favourably or unfavourably.

The research offers a complete understanding of the market for investors and decision makers in the companies. The study contains scenarios for the Cold Storage Construction Market from the past and present, along with projected market numbers. The report's thorough analysis of key competitors, including market leaders, followers, and new entrants, covers every aspect of the market. The research contains strategic profiles of the top market participants, a full examination of their key competencies, and their company-specific plans for the introduction of new products, growth, partnerships, joint ventures, and acquisitions. With its clear portrayal of competitive analysis of significant companies by product, pricing, financial condition, product portfolio, growth strategies, and regional presence in the domestic as well as the local market, the research acts as an investor's guide.To know about the Research Methodology :- Request Free Sample Report
Cold Storage Construction Market Dynamics:
Market Drivers:

Exchange of Perishable Goods

One of the key drivers fueling the growth of the market for cold storage construction is the increase in global traffic in perishable goods. The environmental impact of cold chain shipping is also being reduced by users and providers of temperature-controlled packaging. When utilized to store perishable foods, cold storage has various benefits, such as reducing the rate at which perishable foods deteriorate, regulating temperature, lowering the risk of food poisoning, reducing the hassle of cooking regularly, and enabling longer-term storage of food. Perishable goods can be kept in cold storage for an extended period. It allows customers to keep food in their refrigerators for extended periods and allows them to store perishable items like seafood in the coldest portion of the fridge.

The most efficient place for processing perishable items in bulk, notably fruits and vegetables, is cold storage, which is located between production and selling. Regulating different gases and maintaining a certain level of temperature and humidity within the storage system, are employed to keep such commodities in a fresh state. Thanks to the food industry, cold storage has uses in the pharmaceutical, biotech, and medical professions. The consumption of various items and goods has significantly increased in a world dominated by globalization.

Perishable food items are in high demand in emerging nations in the Asia Pacific and Latin America. This is explained by the countries' quick urbanization, evolving consumer interests and preferences, and growing disposable income. Owing to these nations' lower adoption rates, the market potential for processed and frozen food products is also substantial. In these nations, demand for prepared foods such as frozen pizzas, desserts, and snacks is gradually increasing. For food products to maintain their chemical makeup even after several months, the frozen foods market requires an efficient cold storage system. Thanks to the growing international trade of various food goods, it is expected that demand for cold storage construction increases in the forecast years.

Automated Warehouse

Refrigerated storage is an important component of supply chain management (SCM). The need is expected to increase more as refrigeration warehouse automation increases. Robots, conveyor belts, truck loading automation, energy management, and cloud technologies are all examples of warehouse automation.

Increasing government initiatives

The market is also influenced by the focus of various governments on improving healthcare systems and insurance coverage as well as the use of packaging materials for storing solid, liquid, and semisolid forms of formulations, including capsules, topical medicine formulations, tablets, and syrups. The market for building cold storage facilities is also benefited by the increase in investments, expansion of the manufacturing sector, use in consumer products packaging, and quick industrialization.

Market Restraints:

High construction costs for cold storage

High energy, infrastructure, and maintenance costs as well as growing government controls imposed on gases used in cold stores are expected to restrain the market growth. The construction of cold storage facilities is also expected to face challenges from a lack of infrastructure for temperature-sensitive shipments, particularly in emerging nations.

Nutritional deficiency

They typically lack much of the perfume of fresh foods and do not have the same flavour. They are heavier because they typically include a lot of trans fat. The most significant drawback is the food's nutritional value.

Market Opportunities:

Growing demand from end-use industries

Future cold storage construction technology is about to undergo significant advances. The increased usage of energy management, cloud technology, automated truck loading, etc. in warehouses is growing market prospects. There is a significant amount of refrigerated storage required at various stages along the shipment in both domestic and international trade of temperature-sensitive goods. The COVID-19 pandemic appears to have significantly increased the trading of vaccines, medications, and other medical supplies, according to patterns in the cold storage construction market.

Growth of the organized retail industry

One of the key factors influencing the growth of cold storage construction is the development of retail channels and chains in the form of supermarkets, hypermarkets, and convenience stores. Additionally, retail chains have grown to the point that some producers have their own internal chilled storage facilities. Large food retail chains are growing their storefronts in industrialized nations like the UK, Germany, and the US as well as in emerging markets like China, Brazil, and Argentina.

These chains include Walmart, Tesco, Spar, and 7-Eleven. For instance, with more than 11,000 locations spread across 27 countries, Walmart is the largest American international retail firm. It has a sizable fleet for moving perishable commodities, as well as a strong distribution system. Additionally, it employs 3PL refrigerated warehousing service providers to efficiently move perishable goods to its retail locations.

Market growth potential for refrigerated warehousing and refrigerated transportation is being created by the growth of such large merchants and their growing operations in international trade. By establishing food waste rules and assisting food-related companies like the cold chain industry, governments in many countries are attempting to reduce food and agricultural waste.
Cold Storage Construction Market Segment Analysis:
Based on Storage type, The production stores segment is expected to grow at a CAGR of 7.3% during the forecast period. The cold storage building market is divided into bulk stores, production stores, ports, and other storage kinds based on the type of storage. The need for cold storage facilities and systems is growing, which is boosting the production stores segment's income. This is owing to the growing need for the storage of food products, raw materials, and ingredients during the production process.

During the forecast period, the revenue for the ports category is expected to grow significantly. The market for cold storage buildings is expected to develop as a result of the growing number of cold storage projects being built close to ports to handle rising perishable imports and exports. Type of cold storage warehouse insights.Based on Warehouse Type, The refrigerated containers segment is expected to grow at a CAGR of 6.8% during the forecast period. The cold storage building market is divided into four categories based on the kind of cold storage warehouse: refrigerated containers, blast freezers and chillers, cold rooms, and pharmaceutical cold storage warehouses. Refrigerated containers are more cost-effective than other types and more suited for the storage of temperature-sensitive items and cold storage facilities, grocery stores are using refrigerators more frequently.

Based on Application, The perishable food segment is expected to grow at the highest CAGR during the forecast period. The cold storage construction market is divided into segments based on application, including biopharmaceutical goods, perishable foods, processed foods, chemicals, flowers & plants, and other uses.

In terms of revenue, the perishable food industry led the cold storage building market in 2023. Fruits, vegetables, meat, fish, and dairy goods all fall under the category of perishable food items. The growing disposable income of customers in developing economies is resulting in a growing demand for perishable food products through online channels and physical stores and outlets. To maintain stockpiles and meet growing demand, additional cold storage facilities are required. The market for cold storage buildings is growing significantly due to the deployment of larger cold storage facilities, and this trend is expected to continue.Cold Storage Construction Market Regional Insights:

The North American region dominated the market in 2023, accounting for more than 45% of global sales. A key driver of the region's growth is the abundance of connected devices combined with a sizable user base. Owing to a growing network of warehouses and increased investment in the construction of the logistics infrastructure, Mexico in particular is expected to experience exponential growth in North America. There are also primary drivers boosting demand for the cold storage construction market.

The demand is also expected to increase during the forecast period as a result of economic growth and modifications to Mexican government rules intended to streamline the customs procedure. A consumer-driven economy is being adopted by some nations, including China. As a result, during the forecast period, they are expected to experience significant growth. Service providers can now access these developing markets by utilizing cutting-edge solutions that can handle the challenges posed by transportation thanks to improvements in warehouse management and refrigerated transportation, as well as government subsidies to grow the cold chain industry.
Cold Storage Construction Market Scope: Inquire before buying



Cold Storage Construction Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 14.29 Bn.


Forecast Period 2024 to 2030 CAGR:
14%
Market Size in 2030:
US $ 35.77 Bn.


 Segments Covered:
by Storage type
Production stores
Bulk stores
Ports
Others


by Warehouse Type
Cold rooms
Refrigerated containers
Blast freezers and chillers
Pharmaceutical cold storage warehouse


by Application
Perishable Food
Biopharmaceutical products
Processed Food
Chemicals
Flowers & Plants



Cold Storage Construction Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Cold Storage Construction Market, Key Players are
1. AmeriCold Logistics LLC (US)
2. Lineage Logistics (US)
3. Nordic Logistics and Warehousing, LLC (US)
4. Nichirei Logistics Group Inc. (US)
5. Burris Logistics (US)
6. Primus Builders, Inc. (US)
7. Hansen Cold Storage Corporation(US)
8. United States Cold Storage, Inc. (US)
9. Xpo Logistics (US)
10. Penske Logistics (US)
11. Tippmann Group (US)
12. Agile Cold Storage (US)
13. Clarion Construction (US)
14. FiCON Inc. (US)
15. The Stellar Group (US)
16. Swire Group (UK)
17. Stancold Plc (UK)
18. Bulton Construction Ltd (UK)
19. Hanson Logistics (UK)
20. Conestoga Cold Storage (Canada)
21. Confederation Freezers (Canada)
22. VersaCold Logistics Services (Canada)
23. NewCold Coöperatief U.A. (Netherlands)
24. Frialsa Frigorificos S.A. De C.V. (Mexico)
25. CEVA Logistics (France)
26. Kerry Logistics (Hong Kong)
27. Snowman Logistics (India)
28. SiCON (India)
29. Bremer AG (Germany)
30. Randcivils (South Africa)
Frequently Asked Questions:

1] What segments are covered in the Global Cold Storage Construction Market report?
Ans. The segments covered in the Cold Storage Construction Market report are based on Storage Type, Warehouse Type, Application, and Region.

2] Which region is expected to hold the highest share in the Global Cold Storage Construction Market?
Ans. The North American region is expected to hold the highest share in the Cold Storage Construction Market.

3] What is the market size of the Global Cold Storage Construction Market by 2030?
Ans. The market size of the Cold Storage Construction Market by 2030 is expected to reach US$ 35.77 Bn.

4] What is the forecast period for the Global Cold Storage Construction Market?
Ans. The forecast period for the Cold Storage Construction Market is 2024-2030.

5] What was the market size of the Global Cold Storage Construction Market in 2023?
Ans. The market size of the Cold Storage Construction Market in 2023 was valued at US$ 14.29 Bn.