The global cold storage market is projected to grow from USD 175.4 billion in 2024 to USD 349.0 billion by 2030, at a compound annual growth rate (CAGR) of 12.2%, according to a new report from Research and Markets. Growth is being driven by rising demand for temperature-controlled logistics in food, pharmaceuticals, and chemicals, along with expanded global trade and e-commerce.
The report highlights that private warehouses are expected to reach USD 201.4 billion by 2030, growing at a CAGR of 10.7%, while public warehouses are forecasted to grow at a faster rate of 14.4% over the same period. Technological advancements such as IoT-enabled monitoring and automated systems are also contributing to the sector’s efficiency and sustainability.
In terms of regional growth, the U.S. market is valued at USD 47.4 billion in 2024, while China is expected to grow at a CAGR of 16.2% to reach USD 75.1 billion by 2030. Other key markets include Japan, Canada, Germany, and broader Asia-Pacific regions.
Cold storage is critical for preserving temperature-sensitive products across various industries. Applications range from food and beverage storage—including dairy, meat, and seafood—to pharmaceutical uses such as storing vaccines and biologics at controlled temperatures. The sector also supports chemicals and floriculture by ensuring stability and safety during storage and transport.
The study segments the market by warehouse type (private and public), temperature type (frozen and chilled), storage type (facilities/services and equipment), and applications (food and beverages, pharmaceuticals, others). It includes analysis across multiple global regions and profiles 42 companies, including Americold, Lineage, Inc., Nichirei Corporation, and Kloosterboer.
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