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 promising solution for cold storage applications. These advanced forklifts harness hydrogen in an electrochemical reaction to produce combustion-free energy, yielding electricity, heat, and water as byproducts. This technology offers significant advantages in refrigerated warehouses, where battery-powered forklifts may experience a decline in functionality due to low temperatures. For instance, a fully charged battery-powered forklift can operate for approximately 7-9 hours, but this efficiency can drop by 40-60% in cold or frozen conditions. In contrast, fuel cell-based forklifts maintain optimal performance even in temperatures as low as -30 degrees Celsius, making them a valuable investment for businesses operating in cold storage markets. 

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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 technology such as cloud computing, conveyor belts, and robots. Energy management is a key focus, particularly for perishable product trade in fish, meat, and food. Low-carbon designs are prioritized, with the Chinese government addressing population expansion and excessive food waste. Warehouse managers utilize battery charging stations and forklift battery replacement to optimize operations.

Market Research Overview

The global air freight and logistics market encompasses the revenue generated by companies offering air freight transportation, courier services, and comprehensive logistics solutions, including package and mail delivery, customs agents, and supply chain management. According to Technavio, market size is determined by the revenues of these providers. Key growth drivers include the surge in cross-border e-commerce activities, which facilitate international product purchases. Additionally, advancements in technology, such as cloud computing, conveyor belts, robots, energy management, truck-loading automation, low-carbon designs, and environmental auditing, are transforming the industry. Strict regulations within organized retail sectors also contribute to market expansion. Initial investment in these innovative technologies and adherence to regulatory standards are essential for market participation.. 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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Email: media@technavio.com
Website: www.technavio.com/