Latest News- Cold Storage Market: Meat and seafood is expected to lead the Application segment during 2025-2029

The Cold Storage Market is being driven by Rising awareness about reducing wastage of food

The Cold Storage Market is expected to grow at a CAGR of 19.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 260.4 billion. In the realm of material handling equipment, fuel cell-based forklifts have emerged as a game-changer, particularly in cold storage applications. These advanced machines utilize hydrogen in an electrochemical reaction to produce combustion-free energy, generating electricity, heat, and water as byproducts. One significant advantage of fuel cell-powered forklifts is their unwavering performance in low temperatures, even in refrigerated warehouses where temperatures can dip as low as -30 degrees Celsius. Contrastingly, battery-powered forklifts experience a substantial decline in functionality, operating for only 40-60% of their total capacity in cold conditions. Fuel cell technology offers a viable solution to this challenge, ensuring consistent productivity and efficiency in cold storage environments. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Meat and seafood
  • Fruits and vegetables
  • Bakery and confectionery
  • Dairy and frozen products
  • Others
• Type
  • Private and semi-private
  • Public
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • US
  • Europe
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising awareness about reducing wastage of food
• Growing consumption of frozen food
• Compliance with regulations regarding storage and transportation of goods

However, the market also witnesses some limitations, which are as follows:

• Seasonal demand for refrigerated products
• High cost involved in building and operating cold storage
• Lack of infrastructure in developing countries

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Market Scope in Cold Storage Market Research Report

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Research Analysis Overview

The Cold Storage Market is experiencing growth due to stricter regulations, the organized retail sector's expansion, and advancements in cloud technology. Conveyor belts, energy management, and low-carbon designs are key features. Perishable products like fish, meat, and food items are the primary focus. The organized retail sector, including convenience stores, aims to reduce food waste and spoilage. The Chinese government's population expansion and efforts to address excessive food waste drive demand. Storage facilities equip managers with battery charging stations and forklift battery replacement systems for efficient operations.

Market Research Overview

The cold storage market experiences significant growth due to stringent regulations in the organized retail sector, the increasing trend of perishable product trade, and the integration of advanced technologies such as cloud technology, conveyor belts, energy management systems, and truck-loading automation. Factors driving market expansion include the rise of low-carbon designs, environmental auditing, and the initial investment in constructing cold storage facilities equipped with sophisticated refrigeration systems. This market growth is fueled by the surge in cross-border trade, particularly in e-commerce, which necessitates efficient and reliable logistics solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/