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Demand for perishable goods benefits the Global Refrigerated Warehousing Market

Research Cosmos

Posted 25th September 2018.

Global Refrigerated Warehousing Market Overview:
The handling of frozen and chilled foods, and pharmaceuticals is one of the most difficult aspects for a manufacturer or a pharmacist, as well as for a logistics service provider. Refrigerated warehouses are part of these services that allow optimal management of the cold chain during transport and storage of these products. These warehouses offer a wide range of temperatures for handling various products such as fish, meat and poultry, dairy products and confectionery, among others. In addition, an increasing number of agricultural and chemical products have also demonstrated the need for refrigerated storage services. The global refrigerated storage market is expected to grow with higher CAGR during the following market period.

Global Refrigerated Warehousing Market Size:
The Refrigerated Warehousing Market is projected to grow at a CAGR of 10.2% from 2017, to reach a value of USD 29.17 Billion by 2022.

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Drivers and Restraints:
The global refrigerated Warehousing market is expected to experience strong growth because of growth in the organized retail sector. Refrigerated storage is an important part of the cold supply chain and involves the storage of perishable products at low temperatures. Growing demand for food and perishable fruits, such as dairy products, meat and poultry, is the main factor behind demand for refrigerated storage. This, coupled with a rapid increase in the demand for frozen products over the last decade, is another factor that is fueling demand for refrigerated storage. On the other hand, the increase in the number of hypermarkets and supermarkets in developing Asia-Pacific countries leads to a much higher consumption of perishable foods, which is fueling the growing demand for refrigerated storage. In addition, a growing number of Food and Beverages companies are producing a wide variety of perishables and frozen foods, as the risk of deterioration of these foods has been significantly reduced through the introduction of more refrigeration storage systems. In addition, automated cold storage market has undergone radical changes in recent years, ranging from cold storage and transportation to the provision of various value-added services such as tracking shipments via web-based interfaces, specialized services and recovery services. Disasters Industry suppliers have begun to adopt energy-efficient practices, such as cascading CO2 systems, where two refrigerants are used to cool in a single cooling system. The growing popularity of organized retail stores, coupled with increased demand for frozen foods, has resulted in a growing need for better storage technologies, including refrigeration and the provision of healthy food to consumers.

Geographical Segmentation:
Geographically, the Global Refrigerated Warehousing Market is segmented into regions of Latin America, Middle East and Africa, North America, Europe and Asia Pacific regions. North America is the leader of the market and is expected to maintain its dominant position throughout the forecast period. This can be attributed to the growing preference for perishable fruits and strong demand in the pharmaceutical sector. Europe is another important region that represents the second largest share of the demand for refrigerated storage solutions. Asia Pacific region on the other hand, is the fastest growing market for refrigerated storage solutions. This can be attributed to the increase in disposable income and the increase in the standard of living, and the choice of food in countries such as India and China. It is also expected that Latin America and the Middle East and Africa (MEA) will experience significant growth during the forecast period as a result of the increase in the standard of living in these regions. It is also expected that Japan has a decent market share due to the strong demand for cold stores in the country’s pharmaceutical sector.

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Key Players of the Refrigerated Warehousing Market:
The important players actively participating in the Global Refrigerated Warehousing Market are Lineage Logistics (US), AmeriCold Logistics (US), John Swire (UK), Preferred Freezer Services (US), Nichirei Logistics (Japan), AGRO Merchants (US), Interstate Cold Storage (US), Kloosterboer Services (Netherlands), Burris Logistics (US), Cloverleaf Cold Storage (US), Henningsen Cold Storage (US), and Frialsa Frigoríficos (Mexico).

Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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