Refrigerated warehousing and storage refer to specialized facilities designed to store perishable goods at controlled low temperatures to preserve their quality, safety and shelf life. These warehouses use refrigeration systems to maintain chilled or frozen conditions suitable for products. The primary purpose of refrigerated warehousing and storage is to prevent spoilage, microbial growth and quality degradation of temperature-sensitive products. It ensures a consistent cold chain, supporting industries that rely on the safe and efficient distribution of perishable goods.
The refrigerated warehousing and storage market consists of sales, by entities (organizations, sole traders and partnerships), of specialized storage services that maintain controlled, low-temperature environments for perishable goods. These facilities are designed to store temperature-sensitive products such as fresh produce, dairy, meat, pharmaceuticals and other items that require refrigeration to preserve quality and extend shelf life.
The global refrigerated warehousing and storage market was valued at $107,283.01 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 8.00%.
Rising Consumption Of Perishable Food Products
During the historic period, the rising consumption of perishable food products supported the growth of the refrigerated warehousing and storage market. As consumers and retailers prioritized food safety, quality and shelf life, businesses were compelled to invest in temperature-controlled storage solutions. This trend drove greater utilization of refrigerated facilities across the supply chain, boosting market expansion and encouraging further development in cold storage infrastructure. For instance, in November 2024, according to the Foreign Agricultural Service, a US-based government department, reported that milk production in Australia grew by 1.1% in 2025, reaching 8.8 million metric tons. This followed a 2.7% rise in 2024, when output was estimated at 8.7 million metric tons. Therefore, the rising consumption of perishable food products drove the growth of the refrigerated warehousing and storage market.
Energy-Efficient Innovation Drives Sustainability In Cold Chain Logistics
Major companies operating in the refrigerated warehousing and storage market are focusing on developing energy-efficient cold storage solution, to reduce operational costs and lower environmental impact. The aim is to meet the growing demand for sustainable and temperature-controlled supply chain solutions. For instance, In April 2025, SCG Chemicals Public Company, a Thailand-based chemical manufacturing company, launched "CHILLOX," an energy-efficient cold storage solution designed to enhance temperature stability and provide backup cooling during disruptions. This innovation helps preserve stored goods while cutting electricity consumption for cooling by over 15-20%, contributing to lower greenhouse gas emissions. The initiative aligns with the "Green Logistics" strategy, supporting the Net Zero goal by promoting sustainable technology adoption and fostering a transition toward a greener economy in the logistics and warehousing sector.
The global refrigerated warehousing and storage market is fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 6.95% of the total market in 2024.
Refrigerated Warehousing And Storage Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global refrigerated warehousing and storage market as it emerges from the COVID-19 shut down.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Where is the largest and fastest-growing market for refrigerated warehousing and storage? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The refrigerated warehousing and storage market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider refrigerated warehousing and storage market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by ownership and by application
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis And Strategic Analysis- Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Global Market Size And Growth- Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by type, by ownership and by application in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies- Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Recent Developments- Information on recent developments in the market covered in the report.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for refrigerated warehousing and storage providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Type: Cold Storage; Frozen Storage
- 2) By Ownership: Public; Private; Bonded
- 3) By Application: Fruits And Vegetables; Bakery And Confectionery; Milk And Dairy Products; Meat; Sea Food; Beverages; Other Applications
- Companies Mentioned : Lineage Logistics Holdings LLC; AmeriCold Logistics; Penske Logistics; United States Cold Storage Inc.; Nichirei Corporation
- Countries: USA; China; Germany; Japan; UK; France; India; Canada; South Korea; Brazil; Australia; Russia; Spain; Italy; Indonesia; Netherlands; Switzerland; Belgium; Saudi Arabia; Argentina; United Arab Emirates; Thailand; Austria; Poland; Israel; Hong Kong; Singapore; Philippines; Turkey; Ireland; Malaysia; Vietnam; Egypt; Bangladesh; South Africa; Norway; Colombia; Denmark; Nigeria; Chile; Mexico; Sweden; Peru; Portugal; New Zealand; Czech Republic; Finland; Iran; Ukraine; Romania
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; refrigerated warehousing and storage indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.