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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