In the recent time, the population has grown more positively which lead the demand for the frozen and refrigerated food and pharmaceutical products which further become the most challenging factor for a food or pharmaceutical producers, as well as the logistic supplier. The refrigerated warehouses are one of the effective service allowing the optimal management of the cold chain during the transportation and storage of such products. These warehouses serves an extensive range of temperature for managing several products which includes the meat, poultry and fish and confectionary among the others. Not only has this, the significant growth in the number of agricultural and chemical products have also presented the compulsion for the refrigerated warehousing services. Furthermore, the players of this market are registering the fastest market growth more significantly around the globe while improving and increasing the application and offering new and developed service which further increase the demand and deliver better consumer satisfaction. Nevertheless, this also become profitable for dominating the highest value of market share across the globe throughout the forecasted period.
According to the report analysis, ‘Global Refrigerated Warehousing Market Size Study, by Technology (Blast Freezing, Vapor Compression, PLC, Evaporative Cooling), by Temperature (Chilled, Frozen), by Application (Fruits & Vegetables, Bakery, Dairy, Meat, Seafood, Beverages) and Regional Forecasts, 2017-2025 (USD Billion/Million)’ states that there are several key players which are recently functioning in this sector more actively for registering the fastest market growth and dominating the high value of market share while decreasing the restraints from the market, increasing the applications of this and increasing the demand for online purchase while spreading the benefits of refrigerated warehousing includes AmeriCold Logistics, Burris Logistics, Lineage Logistics, Preferred Freezer Services, AGRO Merchants, Interstate Cold Storage, Frialsa Frigor ficos, Kloosterboer Services, Cloverleaf Cold Storage and several others.
Global Refrigerated Warehousing Market industry valued approximately USD 16.72 billion in 2016 is expected to increase with a vigorous growth rate of more than 12.1% over the forecast period of 2017-2025. Moreover, the global market of refrigerated warehousing is sectored differently which majorly involves technology, temperature, application and regions. Whereas, based on the application, the market is further divided into fruits and vegetables, bakery, dairy, meat, seafood and beverages while, on the basis technology, the market is split into blast freezing, vapor compression, PLC and Evaporative cooling. Nevertheless, the market of refrigerated warehousing is spread across the globe which involves North America, Europe, Asia Pacific, Latin America and Rest of the World. However, with the growing number of supermarkets and hypermarkets in underdeveloped region of Asia Pacific, is more positively fueling more consumption of perishable food, thus propelling increasingly the ultimatum for the refrigerated warehousing. Furthermore, the foremost factors driving the growth are accumulative disposable income in improvement of retail channels, and growing needs of unpreserved and fresh foods underdeveloped countries like Brazil, India, and China. Therefore, in the near future, it is anticipated that the market of refrigerated warehousing will increase more positively around the globe over the recent few years.
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Ankur Gupta, Head Marketing & Communications