Refrigerated warehousing market is expected to grow rapidly owing to rising number of products in the frozen food category. The introduction of products such as frozen meat and seafood is expected to boost market demand. The ability of these warehouses to improve the shelf life of products is the major factor behind rising market consumption.
The global Refrigerated Warehouse market was valued at USD 16.60 billion in 2016 and is projected to reach USD 40.44billion by 2025, growing at a CAGR of 7.0% from 2017 to 2025.
1. Market Drivers
1.1 Growing demand for perishable foods
1.2 Development of strong retail channels
2. Market Restraints
2.1 High energy consumption and infrastructure costs
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The global Refrigerated Warehouse market is segmented on the technology, temperature, application, type, and region.
1. By Technology:
1.1 Vapor Compression
1.2 Blast Freezing
1.3 Evaporative Cooling
1.4 Programmable Logic Controller
2. By Temperature:
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3. By Application:
3.1 Confectionery & Bakery Products
3.2 Vegetables and Fruits
3.5 Dairy and Milk Products
4. By Equipment:
4.4 Valves, Vessels, Pumps and Auxiliary Equipment
5. By Region:
5.1 North America U.S., Canada, Mexico
5.2 Europe Germany, UK, France, Rest of Europe
5.3 Asia Pacific China, India, Japan, Rest of Asia Pacific
5.4 Latin America Brazil, Argentina, Rest of Latin America
5.5 Middle East & Africa
The major players in the market are as follows:
1. Lineage Logistics
2. Americold Logistics
3. John Swire
4. Henningsen Cold Storage
5. Preferred Freezer Services
6. Frialsa Frigorificos
7. Agro Merchants
8. Cloverleaf Cold Storage
9. Nichirei Logistics
10. Interstate Cold Storage
11. Burris Logistics
12. Preferred Freezer Services
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Research Methodology of Planet Market Reports
Research study on the Refrigerated Warehouse market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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Name: Jennifer Daniel
Organization: Planet Market Reports