Research: Cold storage market worth $212.54B by 2025

The global cold storage market is anticipated to reach $212.54 billion by 2025, growing at a CAGR of 12.4%, according to a new report by Grand View Research, Inc., San Francisco. The retail sector in emerging economies, such as India and China, are becoming increasingly organized, and is expected to augment the cold storage market demand over the forecast period. Government policies to deregulate the entry of foreign player has increased the foreign direct investment (FDI) in the organized retail sector.

The report, “Cold Storage Market Analysis By Warehouse Type (Private & Semi-Private, Public), By Temperature Type (Chilled, Frozen), By Construction Type, By Application, And Segment Forecasts, 2014 – 2025," discusses organized retailing, where the licensed retailers sell products of various categories. Compared to the traditional stores, the organized retail stores use better refrigeration and improved storage technology. Consumers are increasingly purchasing frozen foods from the organized retail stores. The organized retail supports different outlet formats depending on the proximity from residential and consumption cluster and spending power. The offline mode of the organized retailing is categorized into convenience stores, supermarket and hypermarket based on the product range and surface coverage.