Richmond, Nov. 21, 2023 (GLOBE NEWSWIRE) -- According to a research report "Food Refrigerated Warehousing Market”, by Type (Vapor Compression, Evaporative Cooling, Blast Freezing, Others), Temperature Range (Chilled (0°C to 15°C), Frozen (-18°C to -25°C), Deep-frozen (Below -25°C)), Application (Bread, Meat, Dairy, Beverages, Fruits & Vegetables, Seafood) and Region.
Global Food Refrigerated Warehousing Market Report Scope:
| Report | Details |
| Market size value in 2023 | USD 25.1 Billion |
| Market size value in 2030 | USD 66.4 Billion |
| CAGR (2023-2030) | 14.9% |
| Forecast Period | 2023–2030 |
| Historic Data | 2019 |
| Forecast Units | Value (USD Million/USD Billion) |
| Segments Covered | Offering, Component, End User and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and RoW |
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| Sample of Companies Covered |
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TOC Covers in Depth & Breath on Food Refrigerated Warehousing Market
177 - Market Data Tables
67 - List of Figures
227 – Pages
The report includes Vendor Assessment (Company Profiles, Market Positioning, Strategies, Recent Developments, Capabilities & Product Offerings / Mapping), Technology Assessment (Developments & Economic Impact), Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional FootPrint by MarketDigits.
Market Overview
The global food refrigerated warehousing market serves as a critical component in the overall food supply chain ecosystem, playing a vital role in preserving and managing perishable goods. This market is essential for maintaining the quality and safety of various food products, ensuring they reach consumers in optimal condition. Refrigerated warehousing facilities enable the storage of temperature-sensitive items such as fruits, vegetables, dairy products, and frozen foods, extending their shelf life and preventing spoilage. The efficient management of these facilities helps mitigate food waste, supporting sustainability goals and contributing to a more resourceful and environmentally conscious food industry.
Moreover, the food refrigerated warehousing market benefits the industry by facilitating a streamlined and responsive supply chain. The ability to store and distribute perishable goods at controlled temperatures ensures a steady and reliable flow of products from producers to retailers. This reliability is crucial in meeting consumer demand for fresh and diverse food options year-round. Additionally, these facilities play a crucial role in enabling global trade by offering a means to store and transport food products across borders, allowing for a more interconnected and dynamic global food market. In summary, the food refrigerated warehousing market is an indispensable link in the food supply chain, promoting efficiency, reducing waste, and supporting the broader goals of a resilient and interconnected global food industry.
Major vendors in the global Food Refrigerated Warehousing market:
- Trenton Cold Storage
- Nichirei Logistics Group
- Partner Logistics
- Oxford Cold Storage
- Kloosterboer
- Nordic Logistics & Warehousing
- Conestoga Cold Storage
- Cloverleaf Cold Storage
- Congebec
- Burris Logistics
- Hanson Logistics
- Interstate Cold Storage
- Henningsen Cold Storage
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Increasing Demand for Perishable Goods
One of the primary drivers for the global food refrigerated warehousing market is the escalating demand for perishable goods. As the global population grows, so does the demand for fresh and frozen food products, including fruits, vegetables, dairy, and meat. This trend is further fueled by changing consumer preferences and dietary habits, with a rising inclination towards healthier and more diverse food options. To meet this demand, food producers and distributors require efficient and reliable refrigerated warehousing solutions to preserve the quality and safety of perishable items during storage and transportation.
The food supply chain has become increasingly complex, with products often traveling long distances between production and consumption points. Refrigerated warehousing plays a crucial role in maintaining the integrity of these products by controlling temperature and humidity conditions. This not only extends the shelf life of perishable goods but also ensures that consumers receive products that meet the highest quality standards. Consequently, the demand for advanced refrigerated warehousing facilities equipped with state-of-the-art temperature control and monitoring systems is on the rise
Market Dynamics
Drivers:
- Growing demand for perishable food products
- Increasing global trade of frozen and chilled food items
- Advancements in refrigeration technology
- Rising awareness of food safety and quality standards
Opportunities:
- Expansion of cold chain infrastructure in developing regions
- Adoption of automated storage and retrieval systems
- Rising demand for specialized refrigerated storage solutions
- Integration of sustainable practices in cold storage operations
Stringent Regulatory Requirements and Food Safety Standards
Another significant driver for the global food refrigerated warehousing market is the ever-growing emphasis on food safety and compliance with stringent regulatory requirements. Governments and international organizations have implemented strict guidelines and standards to ensure the safety and quality of food products throughout the supply chain. These regulations often mandate specific temperature and storage conditions for different types of perishable goods.
To comply with these standards, food manufacturers and distributors are investing in advanced refrigerated warehousing solutions that provide precise temperature control, real-time monitoring, and traceability. The implementation of technologies such as IoT (Internet of Things) sensors and RFID (Radio-Frequency Identification) systems allows for continuous monitoring of temperature conditions and immediate detection of any deviations. The need for compliance with these regulations not only drives the adoption of sophisticated refrigerated warehousing solutions but also enhances the overall efficiency and reliability of the global food supply chain.
North America dominates the market for Food Refrigerated Warehousing.
In the global landscape of food refrigerated warehousing, North America stands out as the dominating region, with the United States playing a pivotal role. The U.S. has a well-established and technologically advanced cold chain infrastructure, supported by a robust network of refrigerated warehouses and transportation systems. The country's dominance is attributed to its large-scale food production, extensive distribution networks, and a consumer base with a high demand for perishable goods.
However, emerging economies in the Asia-Pacific region, particularly China and India, showcase substantial growth potential in the food refrigerated warehousing market. The increasing urbanization, expanding middle-class population, and changing dietary patterns in these countries are driving the demand for refrigerated storage and transportation solutions. Additionally, the focus on improving cold chain logistics to reduce food wastage is contributing to the market's growth in the Asia-Pacific region. As these countries continue to invest in infrastructure and technology, they are poised to become key players in the global food refrigerated warehousing market.
The Type Segments is anticipated to hold the Largest Market Share during the Forecast Period
The type segment in the global food refrigerated warehousing market comprises vapor compression, evaporative cooling, blast freezing, and others. Among these, vapor compression holds dominance due to its widespread adoption driven by its energy efficiency, versatility, and capability to maintain precise temperature controls. This technology excels in accommodating diverse storage requirements for various perishable goods, making it the preferred choice for food refrigerated warehousing. Evaporative cooling offers an eco-friendly alternative with lower energy consumption, while Blast Freezing caters to the rapid freezing needs of certain food products. However, the adaptability, energy efficiency, and precise temperature management of vapor compression contribute to its prevailing dominance in this segment.
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