The global Public Cold Storage Warehouse market is witnessing substantial growth and is forecasted to achieve a readjusted market size of USD 195090 million by 2029. This reflects a remarkable Compound Annual Growth Rate (CAGR) of 9.6% during the forecast period from 2023 to 2029. The analysis takes into account various factors influencing the market, including the impact of the COVID-19 pandemic and the Russia-Ukraine War.
Public Cold Storage Warehouse
The global food and beverage industry is experiencing rapid growth, with an increasing focus on convenience and ready-to-eat foods. This surge in demand for cold storage facilities, designed to maintain prescribed temperatures for raw materials, ingredients, and final products, is critical for food safety and extending shelf life.
The rising consumption of perishable products and fresh produce is driving the demand for cold storage, thereby boosting the market value of cold storage warehouses.
Consumers are becoming more health-conscious and are seeking fresh, organic, and locally sourced products, which often require refrigeration to maintain freshness and nutritional value. This trend is further fueling the demand for freezer warehouses.
Market Insights
Key players in the global Public Cold Storage Warehouse market include Lineage Logistics Holding, LLC, Americold Logistics, Inc., United States Cold Storage, DHL Group, and XPO, Inc., among others. These companies play a crucial role in shaping the market dynamics.
The Public Cold Storage Warehouse market is segmented by Type and Application. Types include 0 to 10°C, -30 to 0°C, and Below -30°C, while applications cover Food and Beverage, Retail Food Industry, Biopharmaceuticals, and Others.
Future Outlook
The Public Cold Storage Warehouse market is poised for significant growth in the coming years, driven by the increasing demand for cold storage facilities to support the expanding food and beverage industry. As consumers prioritize fresh and health-conscious products, the need for cold storage solutions is expected to continue rising.
Find more details about this report at: https://www.themarketreports.com/report/global-public-cold-storage-warehouse-market-by-manufacturers-regions-type-and-application-forecast
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