Product ID: SQMIG45I2145
Global Cold Storage Market Size, Share, Growth Analysis, By Application(Fruits & Vegetables, Dairy), By Warehouse Type(Private & Semi-Private, Public) - Industry Forecast 2024-2031
Report ID:
SQMIG45I2145 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
65 |
Figures:
75
Global Cold Storage Market Regional Insights
According to the region, North America had a 37 % revenue share in 2021 and is anticipated to keep leading during the forecast period. With a CAGR of 11.91 % from 2022 to 2028, the North American area had a value of USD 39,309.1 million in 2021 and was projected to reach USD 84,841.4 million by 2028. The region's cold storage market has grown dramatically as a result of the increased use of cold storage in the organized retail sector. The main drivers of the growth of the cold storage market in North America are the rise in consumer awareness of frozen food, the busy and hectic schedules of consumers, and the rise in disposable money.
On the other hand, Asia Pacific is thought to be the market with the largest opportunity. In 2021, the Asia Pacific area had a GDP of USD 22,154.7 million, and by 2028, it was projected to have a GDP of USD 53,132.5 million. The region's need for cold storage systems is being fueled by the region's growing urban population, increasing disposable income, increasing consumer awareness of frozen food, increasing penetration of organized retail, and growing demand for convenience foods.
Global Cold Storage Market Report Snapshots
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