Cold Storage Market Analysis

Temperature Range (Chilled, Frozen, Deep-Frozen)

Frozen segment is poised to capture around 50% cold storage market share by the end of 2037. The segment growth can be credited to the growing consumption of frozen food in developing nations. This category includes warehouses where frozen goods such as frozen fruits, vegetables, meat, fish, and seafood are kept.

The frozen (-18°C to -25°C) segment will rise as a result of shifting customer preferences and rising ready-to-cook meal consumption. For instance, in 2024, the market for ready-to-eat meals is projected to have an average volume per person of 11.1 kg. The need for these goods is also being propelled by the growth of organized retail chains, such as hypermarkets and supermarkets, in emerging economies.

Application (Fruits & Vegetables, Dairy, Fish, Meat & Seafood, Processed Food, Pharmaceuticals)

Fish, meat & seafood segment in the cold storage market is estimated to grow at lucrative CAGR till 2037. The recent increase in demand for chilled beef is a result of increasing emphasis on health and nutrition in the food and beverage industry. Frozen processed meat is preferred by a large number of city dwellers, since it can be prepared more quickly and reduces the time needed for cutting. According to estimates, by 2028, manufacturing volume in the processed meat sector is evaluated to reach 40.99 billion kg. 

The adoption of storage is set to increase and market growth will be driven by the meat and fish segment through 2037, due to increasing demand for frozen meat and fish. Furthermore, the growing need for convenient meals, safety concerns, and ever-changing lifestyles are the main factors driving the acceptance of frozen meat.

Our in-depth analysis of the global market includes the following segments: