Product Code: GVR-2-68038-225-9
Cold Storage Market Summary
The global cold storage market size was estimated at USD 185.75 billion in 2025 and is projected to reach USD 474.21 billion, growing at a CAGR of 11.8% from 2026 to 2033. The market has benefited significantly from the strict regulations governing the supply and production of temperature-sensitive products.
The industry is expected to grow significantly over the forecast period, driven by the expansion of organized retail sectors in developing economies. Moreover, the rising automation in refrigerated warehouses is projected to boost the demand for cold storage further. Warehouse automation encompasses cloud technology, conveyor belts, robots, energy management, and truck loading automation. Refrigerated storage has become integral to supply chains when storing and transporting temperature-sensitive products. In addition, the growing perishable product trade is also expected to boost the demand for refrigerated storage solutions over the next few years.
Companies in the cold storage industry are adopting low-carbon designs and investing in environmental auditing and innovative construction methods. A low-carbon design that minimizes energy consumption can lead to more sustainable and environmentally friendly warehouses. The use of energy-efficient technologies, such as intelligent automation and control systems, can reduce energy costs and lower the carbon footprint of these facilities.
The need for a high initial investment to establish a cold storage facility is one of the key factors hampering the growth of the market. Cold storage facilities require significant investment to construct the unit, install the necessary equipment, and maintain and repair the infrastructure. This cost can be especially high for companies just starting in the market, as they need to invest in high-quality infrastructure, refrigeration systems, and insulation to ensure proper temperature control and energy efficiency.
The insufficient strategies to tackle the coronavirus spread across the globe increased the pandemic's impact on several industries, and cold storage is no exception. With the lockdowns in place, the online buying channels saw a sudden boost in demand. The combined effect of lockdowns and the fear of contracting the virus prompted people to adjust their purchasing patterns and shift to online channels for buying products, including medicines, groceries, and other food items.
In March 2020, the U.S. Department of Homeland Security classified cold storage facilities as essential infrastructure, enabling continuous operations during the ongoing COVID-19 pandemic. As a result, the demand for e-commerce services increased, particularly from the retail sector. Although the economy is returning to normalcy, people are still inclined towards online purchasing. Increased online purchasing for food items will require more cold storage space, boosting the market growth.
The e-commerce companies are also increasing their efforts to develop strategies for capturing the market demand by leveraging the increased online purchasing habits of the people. These market players are focusing on reducing order fulfillment time, especially for groceries. For instance, in April 2023, Amazon.com, Inc., a U.S.-based e-commerce company, announced that it reorganized its U.S. fulfillment network from a national to a regional model to reduce delivery times. Evolving consumer behavior and increased preference for online channels are anticipated to boost market growth over the forecast period.
Furthermore, the pharmaceutical industry is also highly impacted by the spread of the novel coronavirus. Though medical supplies fall under the essential category and were largely immune from the impact of the lockdown, the government guidelines to ensure sufficient supplies across the nation have also escalated the requirement for robust temperature-controlled facilities to ensure timely and effective supply. The increasing trend of consuming processed food products is also a key factor driving the global market for cold storage.
Global Cold Storage Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels, and provides an analysis of the latest trends and opportunities in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global cold storage market report based on type, temperature range, application, and region:
- Type Outlook (Revenue, USD Million; 2021 - 2033)
- Facilities/Services
- Refrigerated Warehouse
- Private & Semi-Private
- Public
- Cold Room
- Equipment
- Blast freezer
- Walk-in Cooler and Freezer
- Deep Freezer
- Others
- Temperature Range Outlook (Revenue, USD Million; 2021 - 2033)
- Chilled (0°C to 15°C)
- Frozen (-18°C to -25°C)
- Deep-frozen (Below -25°C)
- Application Outlook (Revenue, USD Million; 2021 - 2033)
- Food & Beverages
- Fruits & Vegetables
- Fruit Pulp & Concentrates
- Dairy Products
- Milk
- Butter
- Cheese
- Ice cream
- Others
- Fish, Meat, and Seafood
- Processed Food
- Bakery & Confectionary
- Others
- Pharmaceuticals
- Vaccines
- Blood Banking
- Others
- Others
- Regional Outlook (Revenue, USD Million; 2021 - 2033)
- North America
- Europe
- Germany
- U.K.
- France
- Spain
- Italy
- Norway
- Netherlands
- Switzerland
- Russia
- Asia Pacific
- China
- Japan
- India
- Singapore
- South Korea
- Australia
- Latin America
- Middle East & Africa
- Kingdom of Saudi Arabia (KSA)
- UAE
- South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Cold Storage Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Cold Storage Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and social landscape
- 3.3.2.3. Technological landscape
- 3.4. Pain Point Analysis
Chapter 4. Cold Storage Market: Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Cold Storage Market: Type Movement Analysis, 2025 & 2033 (USD Million)
- 4.3. Facilities/Services
- 4.3.1. Facilities/Services Market Revenue Estimates and Forecasts, 2021 - 2033(USD Billion)
- 4.3.2. Refrigerated warehouse
- 4.3.2.1. Refrigerated Warehouse Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 4.3.2.2. Private & Semi-Private
- 4.3.2.2.1. Private & Semi-Private Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 4.3.2.3. Public
- 4.3.2.3.1. Public Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 4.3.3. Cold room
- 4.3.3.1. Cold Room Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 4.4. Equipment
- 4.4.1. Equipment Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 4.4.2. Blast freezer
- 4.4.2.1. Blast freezer Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 4.4.3. Walk-in cooler and freezer
- 4.4.3.1. Walk-in Cooler and Freezer Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 4.4.4. Deep freezer
- 4.4.4.1. Deep Freezer Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 4.4.5. Others
- 4.4.5.1. Others Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
Chapter 5. Cold Storage Market: Temperature Range Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Cold Storage Market: Temperature Range Movement Analysis, 2025 & 2033 (USD Million)
- 5.3. Chilled (0°C to 15°C)
- 5.3.1. Chilled (0°C to 15°C) Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 5.4. Frozen (-18°C to -25°C)
- 5.4.1. Frozen (-18°C to -25°C) Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 5.5. Deep-frozen (Below -25°C)
- 5.5.1. Deep-frozen (Below -25°C) Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
Chapter 6. Cold Storage Market: Application Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Cold Storage Market: Application Movement Analysis, 2025 & 2033 (USD Million)
- 6.3. Food & Beverages
- 6.3.1. Food & Beverages Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.3.2. Fruits & Vegetables
- 6.3.2.1. Fruits & Vegetables Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.3.3. Fruit Pulp & Concentrates
- 6.3.3.1. Fruit Pulp & Concentrates Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.3.4. Dairy products
- 6.3.4.1. Dairy products Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.3.4.2. Milk
- 6.3.4.2.1. Milk Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.3.4.3. Butter
- 6.3.4.3.1. Butter Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.3.4.4. Cheese
- 6.3.4.4.1. Cheese Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.3.4.5. Ice Cream
- 6.3.4.5.1. Ice Cream Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.3.4.6. Others
- 6.3.4.6.1. Others Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.3.5. Fish, meat, and Seafood
- 6.3.5.1. Fish, meat, and Seafood Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.3.6. Processed Food
- 6.3.6.1. Processed Food Market Revenue Estimates and Forecasts, 2021 - 2033(USD Billion)
- 6.3.7. Bakery & Confectionery
- 6.3.7.1. Bakery & Confectionery Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.3.8. Others
- 6.3.8.1. Others Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.4. Pharmaceuticals
- 6.4.1. Pharmaceuticals Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.4.2. Vaccines
- 6.4.2.1. Vaccines Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.4.3. Blood Banking
- 6.4.3.1. Blood Banking Market Revenue Estimates and Forecasts, 2021 - 2033(USD Billion)
- 6.4.4. Others
- 6.4.4.1. Others Market Revenue Estimates and Forecasts, 2021 - 2033(USD Billion)
- 6.5. Others
- 6.5.1. Others Market Revenue Estimates and Forecasts, 2021 - 2033(USD Billion)
Chapter 7. Cold Storage Market: Regional Estimates & Trend Analysis
- 7.1. Cold Storage Market Share, By Region, 2025 & 2033 (USD Million)
- 7.2. North America
- 7.2.1. North America Cold Storage Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Cold Storage Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.2.3. Canada
- 7.2.3.1. Canada Cold Storage Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.2.4. Mexico
- 7.2.4.1. Mexico Cold Storage Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.3. Europe
- 7.3.1. Europe Cold Storage Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.3.2. UK
- 7.3.2.1. UK Cold Storage Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.3.3. Germany
- 7.3.3.1. Germany Cold Storage Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.3.4. France
- 7.3.4.1. France Cold Storage Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.3.5. Spain
- 7.3.5.1. Spain Cold Storage Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.3.6. Italy
- 7.3.6.1. Italy Cold Storage Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.3.7. Norway
- 7.3.7.1. Norway Cold Storage Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.3.8. Netherlands
- 7.3.8.1. Netherlands Cold Storage Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.3.9. Switzerland
- 7.3.9.1. Switzerland Cold Storage Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.3.10. Russia
- 7.3.10.1. Russia Cold Storage Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Cold Storage Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.4.2. China
- 7.4.2.1. China Cold Storage Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.4.3. Japan
- 7.4.3.1. Japan Cold Storage Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.4.4. India
- 7.4.4.1. India Cold Storage Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.4.5. Singapore
- 7.4.5.1. Singapore Cold Storage Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.4.6. South Korea
- 7.4.6.1. South Korea Cold Storage Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.4.7. Australia
- 7.4.7.1. Australia Cold Storage Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.5. Latin America
- 7.5.1. Latin America Cold Storage Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Cold Storage Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Cold Storage Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.6.2. UAE
- 7.6.2.1. UAE Cold Storage Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.6.3. KSA
- 7.6.3.1. KSA Cold Storage Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.6.4. South Africa
- 7.6.4.1. South Africa Cold Storage Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
Chapter 8. Competitive Landscape
- 8.1. Company Categorization
- 8.2. Company Market Positioning
- 8.3. Company Heat Map Analysis
- 8.4. Company Profiles/Listing
- 8.4.1. Americold Logistics, Inc.
- 8.4.1.1. Participant's Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Product Benchmarking
- 8.4.1.4. Strategic Initiatives
- 8.4.2. LINEAGE LOGISTICS HOLDING, LLC
- 8.4.2.1. Participant's Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Product Benchmarking
- 8.4.2.4. Strategic Initiatives
- 8.4.3. United States Cold Storage
- 8.4.3.1. Participant's Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Product Benchmarking
- 8.4.3.4. Strategic Initiatives
- 8.4.4. Burris Logistics
- 8.4.4.1. Participant's Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Product Benchmarking
- 8.4.4.4. Strategic Initiatives
- 8.4.5. NewCold
- 8.4.5.1. Participant's Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Product Benchmarking
- 8.4.5.4. Strategic Initiatives
- 8.4.6. NICHIREI CORPORATION
- 8.4.6.1. Participant's Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Product Benchmarking
- 8.4.6.4. Strategic Initiatives
- 8.4.7. Tippmann Group
- 8.4.7.1. Participant's Overview
- 8.4.7.2. Financial Performance
- 8.4.7.3. Product Benchmarking
- 8.4.7.4. Strategic Initiatives
- 8.4.8. CONESTOGA COLD STORAGE
- 8.4.8.1. Participant's Overview
- 8.4.8.2. Financial Performance
- 8.4.8.3. Product Benchmarking
- 8.4.8.4. Strategic Initiatives
- 8.4.9. FreezPak Logistics
- 8.4.9.1. Participant's Overview
- 8.4.9.2. Financial Performance
- 8.4.9.3. Product Benchmarking
- 8.4.9.4. Strategic Initiatives
- 8.4.10. Confederation Freezers
- 8.4.10.1. Participant's Overview
- 8.4.10.2. Financial Performance
- 8.4.10.3. Product Benchmarking
- 8.4.10.4. Strategic Initiatives