The refrigerated warehousing market serves a diverse range of applications, primarily focusing on the storage and distribution of perishable goods. The dominating segment within this market is the storage of food and beverages, including fresh produce, frozen foods, and dairy products. Refrigerated warehousing plays a vital role in maintaining the quality and safety of these products throughout the supply chain. Additionally, it caters to pharmaceuticals and chemicals, ensuring temperature-sensitive materials are stored under controlled conditions to preserve their integrity and effectiveness.
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Data Bridge Market Research analyses that the Canada Refrigerated Warehousing Market is growing with a CAGR of 4.4% in the forecast period of 2022 to 2029. The market was valued at USD 2,081.19 million in 2021 and is expected to reach USD 2,937.08 million by 2029. As the food and beverage industry grows, the demand for specialized refrigerated storage facilities increases. These facilities are essential to preserve the quality and safety of perishable goods, ensuring they remain fresh for consumption.
Key Findings of the Study
Rising consumer demand for fresh products is expected to drive the market's growth rate
Consumer preferences have shifted towards fresh, organic, and natural foods, reflecting a desire for healthier choices. This shift has heightened the demand for efficient cold storage solutions. Cold storage facilities ensure that these products retain their freshness and nutritional value, meeting consumer expectations for quality. As a result, food producers and distributors are investing in state-of-the-art refrigerated warehousing to meet this demand, contributing to the growth of the cold storage industry.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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Equipment Type (Storage, Compressors, Condensers, Evaporators, Controller And Vessels, Pumps, And Auxiliary Equipment), Technology (Blast Freezing, Vapor Compression, Programmable Logic Controller, Evaporative Cooling, Cryogenic Systems, And Other Technologies), Temperature Type (Chilled And Frozen), End-Users (Producers, Retailers, Food Service Providers, And Others), Application (Food Products, Beverages, Dietary Supplements, Personal Care Products, Pharmaceuticals and Biological Products, And Others)
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Countries Covered
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Canada
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Market Players Covered
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Trenton Cold Storage (Canada), Delta Pacific Seafoods (Canada), Cold Storage Inc. (U.S.), Iceberg Cold Storage (Canada), CONESTOGA COLD STORAGE (Canada), Kloosterboer (Netherlands), Congebec (Canada), Americold (U.S.), LINEAGE LOGISTICS HOLDING, LLC (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Canada refrigerated warehousing market is segmented into equipment type, technology, temperature type, end-users, and application.
- On the basis of equipment type, the Canada refrigerated warehousing market is segmented into storage, compressors, condensers, evaporators, controller and vessels, pumps, and auxiliary equipment.
- On the basis of technology, the Canada refrigerated warehousing market is segmented into blast freezing, vapor compression, programmable logic controller, evaporative cooling, cryogenic systems, and other technologies.
- On the basis of end-users, the Canada refrigerated warehousing market is segmented into producers, retailers, food service providers, and others.
- On the basis of application, the Canada refrigerated warehousing market is segmented into food products, beverages, dietary supplements, personal care products, pharmaceuticals and biological products, and others.
Major Players
Data Bridge Market Research recognizes the following companies as the Canada refrigerated warehousing market in Canada refrigerated warehousing market are Trenton Cold Storage (Canada), Delta Pacific Seafoods (Canada), Cold Storage Inc. (U.S.), Iceberg Cold Storage (Canada), CONESTOGA COLD STORAGE (Canada), Kloosterboer (Netherlands), Congebec (Canada), Americold (U.S.), LINEAGE LOGISTICS HOLDING, LLC (U.S.).
Market Developments
- In March 2022, LINEAGE LOGISTICS HOLDING, LLC expanded its operations by acquiring MTC Logistics, a prominent cold-chain provider. This strategic move aimed to enhance their presence and access to key ports along the U.S. and Gulf Coasts. Through this acquisition, the company gained control of four facilities near the ports of Baltimore, MD, Wilmington, DE, and Mobile, AL, resulting in an increase of approximately 38 million cubic feet in capacity and over 113,000 pallet positions across the United States.
- In August 2020, Americold executed strategic acquisitions to strengthen its presence in key markets. They acquired a 3.2 million cubic foot cold storage facility in Florida for $25 million and an AM-C warehouse with 13.8 million cubic feet of cold storage capacity for $82.5 million. These investments were part of Americold's expansion strategy, enabling the company to enhance its footprint in Florida and Texas, two critical regions in the cold storage and logistics industry.
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