
kokliang1981- stock.adobe.com
The cold storage market is projected to surpass $106.70 billion by 2033, according to Straits Research.
The global cold storage market size was valued at $46.12 billion in 2024 and is expected to grow at a CAGR of 9.8% over the forecast period (2025-2033).
Key takeaways:
- According to a 2022 survey, 78% of global consumers consider food safety a top priority when selecting brands, further fueling the adoption of reliable cold storage systems. Moreover, the rising demand for transparency in food sourcing is pushing companies to improve their cold storage capabilities to meet stricter safety regulations.
- Emerging markets present a significant growth opportunity for the global cold storage industry, driven by rapid urbanization, rising disposable incomes, and a growing consumer preference for high-quality food and temperature-sensitive products.
- North America dominates the global cold storage market, holding around 35% of the total market share. This is primarily due to the region's well-established logistics infrastructure and cutting-edge technologies.
- Moreover, the rapid growth of e-commerce, especially within the food and beverage sector, has heightened the need for efficient cold storage solutions.
- The refrigerated warehousing segment owns the highest market share.
- The private segment owns the highest market share.