The global refrigerated warehousing market is projected to grow from US$21.4 billion in 2024 to US$35.1 billion by 2030, registering a compound annual growth rate (CAGR) of 8.6%, according to a new report from Research and Markets.
Key factors driving this growth include rising demand for perishable goods, particularly in emerging markets, along with regulatory requirements for temperature-sensitive product storage. Technological advancements, such as the adoption of IoT, automation, and energy-efficient systems, are improving operational efficiency and sustainability, further accelerating market expansion.
The report segments the market by technology (Blast Freezing, Vapor Freezing, Programmable Logic Controller, Evaporation Cooling), temperature (Frozen, Chilled), and application (Fruits & Vegetables, Meat & Seafood, Bakery & Confectionary, Dairy Products, and others). The Blast Freezing segment is expected to reach US$18 billion by 2030, growing at a CAGR of 9.3%, while Vapor Freezing is projected to expand at a 7.9% CAGR.
Regionally, the U.S. market was valued at US$5.7 billion in 2024. China is forecasted to grow at a 12.1% CAGR, reaching US$7.8 billion by 2030. The report also includes detailed insights into other key markets such as Japan, Canada, Germany, and the broader Asia-Pacific region.
The study includes profiles of 43 market participants, including Agro Merchants Group, Berkshire Transportation, Inc., Burris Logistics, Cold Storage Manufacturing, Inc., and Conewago Enterprises, Inc. It also features annual sales data and forecasts in US$ million through 2030.
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