Global Food Refrigerated Warehousing Market Size To Exceed USD 260 Billion By 2033 | CAGR Of 6.16%
Category: Food & BeveragesGlobal Food Refrigerated Warehousing Market Size To Exceed USD 260 Billion By 2033
According to a research report published by Spherical Insights & Consulting, The Global Food Refrigerated Warehousing Market Size is Expected to grow from USD 143 Billion in 2023 to USD 260 Billion by 2033, at a CAGR of 6.16% during the forecast period 2023-2033.
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Browse key industry insights spread across 230 pages with 102 Market data tables and figures & charts from the report on the "Global Food Refrigerated Warehousing Market Size, Share, and COVID-19 Impact Analysis By Temperature Range (Chilled and Frozen), By Technology (Blast Freezing, Vapor Compression, Evaporative Cooling, and Others), By Warehouse Type (Public and Private), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/food-refrigerated-warehousing-market
The food refrigerated warehousing market refers to Food refrigerated warehousing is the process of supplying cranes that are manufactured with interchangeable components, which are easily configurable and deployable to fit various project needs. These cranes are versatile, easy to transport, and ideal for short-term use in construction, manufacturing, and logistics industries. The food refrigerated warehousing industry offers opportunities for innovation and growth. One of the major opportunities is the growth of the e-commerce industry, especially in the online grocery and food delivery markets. The growing consumer trend of shopping online and home delivery of perishable food products is propelling the demand for sophisticated refrigerated warehousing solutions. Businesses can take advantage of this trend by investing in high-tech cold storage facilities and utilizing digital technologies to maximize the efficiency and accuracy of order delivery and fulfillment processes. However, refrigerated warehouses are a source of carbon emissions, and the use of conventional refrigerants can be detrimental to the environment, driving companies to costly, greener options. Additionally, sustaining an even temperature in large areas, particularly during loading/unloading, is challenging but essential for food safety.
The frozen category accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on temperature range, the food refrigerated warehousing market is segmented into chilled and frozen. Among these, the frozen segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by powerful cooling systems for sustaining ultra-low temperatures, and ongoing advancements in the field of refrigeration technology are catering to these challenges.
The blast freezing segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on technology, the global food refrigerated warehousing market is categorized into blast freezing, vapor compression, evaporative cooling, and others. Among these, the blast freezing segment accounted for the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This segments growth is attributed to quick freezing inhibits the development of big ice crystals, which may cause food to become deformed, lose taste, and nutrient value.
The public segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on warehouse type, the global food refrigerated warehousing market is categorized into public and private. Among these, the public segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to they provide an economical alternative, making available advanced refrigeration technology and infrastructure on a pay-as-you-use basis.
North America is expected to hold the majority share of the global food refrigerated warehousing market during the forecast period.
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North America is expected to hold the majority share of the global food refrigerated warehousing market during the forecast period. North America offers an established cold chain infrastructure and prominent market players in the region. Moreover, the United States and Canada play important roles as contributors to the market, bolstered by technological advancements in refrigeration and high-quality regulatory setups to ensure the safety and quality of foodstuffs.
Asia-Pacific is anticipated to grow at the fastest pace in the global food refrigerated warehousing market during the forecast period. The market is driven by the rising food industry and the need for efficient food refrigerated warehousing facilities. Therefore, the demand for temperature-controlled warehouses will also increase with the requirement for storing such products.
Major vendors in the global food refrigerated warehousing market are Americold Logistics, LLC, AGRO Merchants Group, LLC, Nichirei Logistics Group Inc., Kloosterboer Group, Burris Logistics, Congebec Logistics Inc., Interstate Warehousing, Inc., Trenton Cold Storage Inc., Conestoga Cold Storage, RLS Logistics, Cold Storage Solutions, Snowman Logistics Ltd., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In October 2023, The National Institute Of Technology - Trichy has formulated an energy-effiecient and cost saving cold storage with Indian Institute of Food Processing Technology, and a 2TR Prototype solar-assisted mobile Multi-commodity cold storage system for storing fruits and vegetables is to be formulated with support from the Department of Scientist and Technology of the central government.
Market Segment
This study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the food refrigerated warehousing market based on the below-mentioned segments:
Global Food Refrigerated Warehousing Market, By Temperature Range
- Chilled
- Frozen
Global Food Refrigerated Warehousing Market, By Technology
- Blast Freezing
- Vapor Compression
- Evaporative Cooling
- Others
Global Food Refrigerated Warehousing Market, By Warehouse Type
- Public
- Private
Global Food Refrigerated Warehousing Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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