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What Is The Current Size And Growth Outlook For The Frozen Storage Market?

The market size of frozen storage has seen significant growth in the past few years. It’s expected to rise from $127.16 billion in 2024 to $137.71 billion in 2025, reflecting an 8.3% compound annual growth rate (CAGR). The cause of such growth during the past period can be linked to factors like alterations in consumer lifestyles and eating habits, globalization influences and fluctuating supply chain dynamics, an increase in quick-service and frozen food retail companies, a surge in seasonal demand for frozen items, and heightened urbanization coupled with convenience.

In the coming years, the frozen storage market is poised for robust growth, with the market size estimated to rise to $191.52 billion by 2029, an 8.6% compound annual growth rate (CAGR). The surge in demand during this period can be linked to the proliferation of e-commerce in the sectors of food delivery and grocery, health and wellness fads, advancements in cold chain logistics technology, internationalization of food supply chains, and an emphasis on food quality and safety. Predominant trends for the forecast period encompass online grocery and e-commerce, food supply chains’ globalization, health and safety regulations, customization and scalability, urbanization and readily available foods.

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What Are The Primary Factors Supporting The Frozen Storage Market Expansion?

The increase in the desire for perishable items is predicted to spur the expansion of the frozen storage industry in the future. Food items that degrade or become damaged if not kept at 40 °F or frozen at 0 °F or lower are categorized as perishable. To slow down the rate of spoilage, perishable goods such as fresh produce, frozen food products, medications, and others are stored in refrigerated or cold environments. Therefore, the growing demand for these perishable items necessitates the use of frozen storage solutions, which will subsequently boost market demand. For example, the Bureau of Economic Analysis, a US federal organization, reported in December 2022 that U.S. exports of food, feed, and beverages rose by $0.7 billion in 2022, leading to an overall export value of $3,009.7 billion. Meanwhile, there was a significant increase in imports by $26.1 billion, leading to a total goods importation of $3,957.8 billion, largely fueled by a $7.0 billion surge in soybean exports. As a result, the rapidly growing demand for perishable goods is a key factor propelling the frozen storage industry’s future growth.

How Is The Frozen Storage Market Segmented Across Key Categories?

The frozen storagemarket covered in this report is segmented –

1) By Warehouse Type: Private And Semi-private, Public

2) By Construction: Bulk Storage, Production Stores, Ports

3) By Application: Processed Food, Fruits And Vegetables, Fish, Meat, And Sea Food, Pharmaceuticals, Other Applications

Subsegments:

1) By Private And Semi-Private: Private Frozen Warehouses, Semi-Private Frozen Warehouses

2) By Public: Public Frozen Warehouses

What Key Trends Are Driving Growth In The Frozen Storage Market?

The progress made in technological capabilities is a crucial trend that is currently gaining traction in the frozen storage market. To maintain a competitive edge, prominent companies involved in this market are incorporating these advancements into their strategies. One such example can be seen in December 2023, when JBT Corporation, an American firm specialized in food and drink technology solutions, launched an updated version of their Frigoscandia GYRoCOMPACT 70 Spiral Freezer (GC70). This new model – a freezing solution – is equipped with several notable improvements that work towards increasing efficiency and capacity for those in the food production industry. Among these improvements is the inclusion of a sequential defrost feature, which allows for the freezer to run continuously for up to two weeks without requiring regular defrosting. The refreshed GC70 Spiral Freezer signifies JBT’s dedication to creating state-of-the-art freezing technology for the food sector, offering solutions that boost productivity and efficacy while maneuvering around space limitations in food production facilities.

Which Companies Are Contributing Significantly To The Frozen Storage Market Growth?

Major companies operating in the frozen storage market include Americold Logistics Inc., Lineage Logistics Holdings LLC, Burris Logistics Company, Wabash National Corporation, Nichirei Corporation, United States Cold Storage Inc., Kloosterboer Group B.V., Tippmann Group, VersaCold Logistics LLC, John Swire & Sons Ltd., Consolidated Transfer & Warehouse Co. Inc., The Schwan Food Company, Congebec Logistics Inc., Interstate Warehousing Inc., Frialsa Frigorificos S.A. De C.V., Conestoga Cold Storage Ltd., Oxford Express Private Limited, Montague Cold Storage Pty Ltd., Bring Frigo SL, Confederation Freezers, Trenton Cold Storage Inc., Nor-Am Cold Storage, Superfrio Logistica Frigorificada, FreezPak Logistics, METCOLD Supply Network Management Limited, Friozem Armazens Frigorificos Ltda., Magnavale Ltd., Vertical Cold Storage, ColdPoint Logistics LLC, Gruppo Marconi Logistica Integrata, Hanson Logistics Ltd., Agri-Norcold A/S

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Which Region Dominates The Frozen Storage Market Today?

North America was the largest region in the frozen storage market in 2024. The regions covered in the frozen storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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