Cold Storage Market size is valued at USD 120.6 billion in 2021 and is expected to reach a value of USD 307.4 billion by 2028, growing at a CAGR of 14.3% during the forecast period 2022 to 2028. The global market provides a detailed overview of the cold storage market and that can be segmented by warehouse type, construction type, temperature type, and application. By warehouse type, the cold storage market has been segmented into private & semi-private, and public. The private & semi-private segment is likely to be the largest and fastest-growing segment in terms of warehouse type. Based on construction type, this market is segmented into bulk storage, production stores and ports. Among these, the bulk storage segment is expected to have the fastest-growing market during the forecast period 2022 to 2028. Based on temperature type, the cold storage market is segmented into chilled and frozen. The chilled segment accounts for the largest share in 2021. The frozen segment has the second-largest share during the forecast period 2021 to 2028. Based on application market is segregated into fruits & vegetables, dairy, fish, meat & seafood, processed food and pharmaceuticals. Fruits and vegetables accounted largest market share during estimated period.
In Jun 2020, to grow and improve its presence in Canada, Americold Logistics finalized the acquisition of Nova Cold Logistics.