The Business Research Company reports A new report by The Business Research Company highlights the robust growth of the cold storage market, driven significantly by the increasing global trade of perishable products.
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Growing perishable trade fuels surging demand for cold storage:
The report, released on 5 July 2025, provides a detailed market assessment with size projections spanning from 2025 to 2034, also exploring key market trends, major drivers, and segmentation.
According to The Business Research Company ' s analysis, the cold storage market has experienced substantial growth in recent years and is projected to continue this upward trajectory. The market size is expected to rise from USD41.67-billion in 2024 to USD45.61-billion in 2025, demonstrating a compound annual growth rate( CAGR) of 9.4 %. The report identifies several factors contributing to this historical growth, including rising demand for dairy products, amplified requirements from the processed food and healthcare sectors, technological advancements, a growing emphasis on quality and product sensitivity, and the expansion of food exports.
The Business Research Company reports A new report by The Business Research Company highlights the robust growth of the cold storage market, driven significantly by the increasing global trade of perishable products.
Looking ahead, The Business Research Company forecasts a continued robust expansion of the cold storage market, anticipating it will reach USD62.79-billion by 2029 with a CAGR of 8.3 %. This projected growth is attributed to factors such as population expansion and aging, increased automation adoption, significant government support, growing investments, rapid e-commerce advancements, and a rise in packaged food consumption.
The report also outlines notable trends within the forecast period, including a sustained commitment to quality and product sensitivity, the implementation of corporate sustainability initiatives, the emergence of intelligent warehousing, the application of IoT in cold storage management, and strategic mergers and acquisitions within the industry.
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The report identifies several factors contributing to this historical growth, including rising demand for dairy products, amplified requirements from the processed food and healthcare sectors, technological advancements, a growing emphasis on quality and product sensitivity, and the expansion of food exports.
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Rising demand for dairy products is fueling cold store expansion globally.
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