The Latest Cold Storage Industry Statistics Explained
Cold Storage Warehousing industry in the U.S. is worth $22 billion.
The statistic that the Cold Storage Warehousing industry in the U.S. is worth $22 billion represents the total value of all economic activities within this sector. This figure includes revenue generated from storing perishable goods such as food, pharmaceuticals, and other temperature-sensitive items for manufacturers, distributors, and retailers. The industry’s value of $22 billion suggests that it plays a significant role in supporting supply chains and meeting consumer demand for diverse products that require specialized storage conditions. This statistic serves as a key indicator of the industry’s importance in the U.S. economy and its contributions to facilitating the efficient distribution of goods that require cold storage facilities.
20.3% is the expected global cold chain market compound annual growth rate from 2020 to 2025.
The statistic “20.3% is the expected global cold chain market compound annual growth rate from 2020 to 2025” indicates that it is projected for the global cold chain market to experience a compounded annual growth rate of 20.3% over the specified 5-year period. This growth rate suggests a substantial increase in the size and revenue of the global cold chain market, which encompasses the transportation and storage of temperature-sensitive products such as food, pharmaceuticals, and chemicals. The forecasted growth rate of 20.3% signifies a rapid expansion in the demand for cold chain logistics services, driven by factors such as the increasing need for food safety, expanding healthcare infrastructure, and the globalization of supply chains.
As of 2020, the global cold storage market was valued at around 218.41 billion USD.
The statistic stating that the global cold storage market was valued at approximately 218.41 billion USD in 2020 represents the total monetary worth of all cold storage facilities and services worldwide during that year. Cold storage plays a critical role in preserving perishable goods such as food, pharmaceuticals, and chemicals by maintaining low temperatures to prevent spoilage and extend shelf life. The significant value of the global cold storage market reflects the growing demand for these services as more industries rely on efficient and reliable storage solutions to ensure product quality and safety. This statistic underscores the essential nature of cold storage infrastructure in the supply chain industry and highlights the substantial economic impact of these facilities on a global scale.
The Indian cold storage market was valued at INR 1,121 Bn in 2020.
The statistic ‘The Indian cold storage market was valued at INR 1,121 Bn in 2020’ indicates that the total worth of the cold storage industry in India was estimated to be 1,121 billion Indian Rupees in the year 2020. This figure represents the economic value of cold storage services, facilities, and operations within the Indian market, which are crucial for preserving perishable goods such as fruits, vegetables, dairy products, and pharmaceuticals. The valuation suggests a significant investment and demand for cold storage infrastructure in India, reflecting the importance of ensuring food safety, reducing wastage, and maintaining the quality of temperature-sensitive products in the supply chain.
The global cold chain market size is expected to reach USD 585.10 billion by 2026.
The statistic indicates that the global cold chain market, which comprises the infrastructure and logistics necessary for the storage and transportation of temperature-sensitive goods, is projected to expand significantly by 2026, reaching a value of USD 585.10 billion. This growth forecast suggests a rising demand for cold chain services in various industries such as food and pharmaceuticals, driven by factors like expanding international trade, increasing consumer awareness of food safety, and the need for effective vaccine distribution. The expected market size represents opportunities for businesses operating within the cold chain sector to capitalize on this growth and invest in technological advancements to meet the evolving needs of a globalized world.
The North American cold storage market was valued at 118.85 billion USD in 2020.
The statistic indicates that the North American cold storage market, which refers to facilities that are used to store products requiring refrigeration or freezing to maintain their quality and safety, had a total value of 118.85 billion USD in the year 2020. This value reflects the overall financial worth of all cold storage facilities and services in North America during that year, encompassing investments, revenues, and other financial activities related to this sector. The size of the market suggests a significant demand for cold storage services across various industries, such as agriculture, food and beverage, pharmaceuticals, and biotechnology, highlighting the importance of maintaining proper temperature-controlled storage for perishable goods in the region.
The Asia-Pacific region is anticipated to witness the fastest growth in the cold chain market at a CAGR of 19.1% over 2020-2025.
The statistic indicates that the cold chain market in the Asia-Pacific region is expected to experience significant growth over the period of 2020-2025, with a Compound Annual Growth Rate (CAGR) of 19.1%. This means that the demand for cold chain services, including refrigerated transportation and storage for perishable goods, is projected to increase rapidly in this region. Factors driving this growth could include the expanding food and beverage industry, growing consumer demand for fresh products, improvements in infrastructure, and increasing focus on food safety standards. The high growth rate suggests a promising investment opportunity in the cold chain sector within the Asia-Pacific region for businesses operating in this market.
Southeast Asia cold storage market is projected to reach USD 1.4 billion by 2024.
The statistic indicates that the market for cold storage facilities in Southeast Asia is expected to grow and reach a total value of USD 1.4 billion by the year 2024. This projection suggests an increasing demand for cold storage services in the region, likely driven by factors such as the growth of the food and beverage industry, changing consumer preferences, and the need for proper storage and preservation of perishable goods. The anticipated expansion of the market reflects a promising opportunity for businesses operating in the cold storage sector to capitalize on this growth potential and cater to the rising needs of the market in Southeast Asia.
By 2026, the global food cold chain market is expected to reach USD 426.20 billion.
The statistic indicates that by the year 2026, the global food cold chain market is projected to reach a total value of USD 426.20 billion. This figure represents the estimated market size for the sector, which encompasses the infrastructure and processes involved in maintaining food products at controlled temperatures throughout the supply chain to ensure their quality and safety. The growth in the food cold chain market signifies increasing demand for preserved and fresh food products, driven by factors such as population growth, urbanization, and changing consumer preferences. The projected value of USD 426.20 billion highlights the substantial economic significance of the food cold chain industry on a global scale.
The COVID-19 pandemic has increased the demand for cold storage warehouses by 50% worldwide.
The statistic that the COVID-19 pandemic has increased the demand for cold storage warehouses by 50% worldwide suggests a significant surge in the need for specialized facilities to store temperature-sensitive products, such as vaccines, medications, and food items, due to the global health crisis. This heightened demand is likely driven by the distribution challenges posed by the pandemic, as vaccines and other medical supplies require cold storage to maintain efficacy and safety. Furthermore, the increase in online shopping and home deliveries during lockdowns may also contribute to the higher demand for cold storage solutions to accommodate perishable goods. Overall, the statistic highlights how the pandemic has impacted various sectors, requiring rapid adaptations and infrastructure enhancements to meet the evolving needs of society.
The meat and seafood sector commanded the highest share of more than 35% of the overall revenue in the cold storage market in 2019.
This statistic indicates that in the cold storage market in 2019, the meat and seafood sector generated the largest portion of revenue compared to other sectors, accounting for over 35% of the total revenue. This suggests that the demand for cold storage services within the meat and seafood industry was significant and played a crucial role in driving the overall revenues in the market. The high share of revenue from the meat and seafood sector highlights the importance of cold storage facilities in preserving and storing perishable goods like meat and seafood, which are sensitive to temperature fluctuations and require specific storage conditions to maintain quality and safety.
Investments in cold storage warehouses could reach $100 billion over the next five years.
This statistic indicates the potential growth and scale of investments in cold storage warehouses within the next five years, with a projected total value of $100 billion. Cold storage warehouses play a crucial role in the food industry by providing essential storage and preservation facilities for perishable goods, such as fruits, vegetables, dairy products, and pharmaceuticals. The substantial investment forecast suggests a growing demand for cold storage solutions driven by factors such as the increasing global food supply chain complexity, rising consumer expectations for fresh and frozen products, and the expanding e-commerce market. Moreover, this statistic reflects the opportunities for businesses and investors in the cold storage industry to meet the growing needs of businesses and consumers seeking reliable cold chain logistics services.
North America led the cold storage market share in 2019, holding over 34.5% of the overall revenue.
In 2019, North America was the dominant player in the cold storage market, capturing a substantial market share of over 34.5% of the total revenue generated within this industry. This statistic indicates that North America had a significant impact on the cold storage market, outperforming other regions in terms of revenue generation. The strong market share held by North America highlights its leading position within the industry, showcasing its importance and influence in the global cold storage market landscape. This statistic suggests that North America was a key driver of growth and development within the cold storage sector in 2019.
Approximately 1.3 billion tons of food are wasted every year worldwide, with inadequate cold chain infrastructure being a major contributing factor.
The statistic that approximately 1.3 billion tons of food are wasted every year worldwide highlights a significant global issue with implications for food security, resource efficiency, and environmental sustainability. Inadequate cold chain infrastructure, which refers to the uninterrupted series of refrigerated production, storage, and distribution activities, is identified as a major contributing factor to this massive level of food wastage. Without proper refrigeration and temperature control throughout the supply chain, perishable foods are more likely to spoil or deteriorate before reaching consumers. Addressing the shortcomings in cold chain infrastructure could help reduce food loss and waste, ensuring that more of the world’s food supply reaches those in need, improving efficiency in the food system, and reducing the associated environmental impacts of wasted resources.
Globally, 70% of pharmaceuticals sold require cold chain management.
The statistic that 70% of pharmaceuticals sold globally require cold chain management implies that a significant majority of these products are temperature-sensitive and need to be stored and transported under specific temperature conditions to maintain their efficacy and safety. Cold chain management involves the monitoring and control of temperature throughout the supply chain, from manufacturing to distribution to storage, in order to ensure that the pharmaceutical products remain within the required temperature range. This statistic highlights the critical importance of proper cold chain logistics in the pharmaceutical industry to safeguard the quality and effectiveness of medicines and prevent potential harm to patients.
References
0. – https://www.www.statista.com
1. – https://www.www.marketresearchfuture.com
2. – https://www.www.verifiedmarketresearch.com
3. – https://www.www.borgenmagazine.com
4. – https://www.www.researchandmarkets.com
5. – https://www.www.techiexpert.com
6. – https://www.pharmafield.co.uk
7. – https://www.www.globenewswire.com
8. – https://www.www.techsciresearch.com
9. – https://www.www.fortunebusinessinsights.com
10. – https://www.www.grandviewresearch.com
11. – https://www.www.supplychaindive.com
