The Europe cold storage market was valued at US$ 27,314.27 million in 2022 and is expected to reach US$ 91,055.74 million by 2030; it is estimated to register a CAGR of 16.2% from 2022 to 2030.
Increasing Demand for Convenience Food Among Consumers Drives Europe Cold Storage Market
The global surge in demand for processed, canned, and easy-to-make food items is being propelled by a growing population, increasing urbanization, rising disposable incomes, and the hustle of modern lifestyles. These convenience foods absolutely need proper storage to stay edible. The crucial role of cold storage facilities is undeniable, as processed foods spoil quickly if not kept at the right temperature. Maintaining optimal temperatures and proper storage conditions is key to extending their shelf life. Over the years, consumer lifestyles have drastically changed, and the rising number of working people is a major force behind the cold storage market. Plus, increased marketing of processed food is really attracting the younger generation. This growing demand for canned and processed food is significantly boosting the need for cold storage facilities worldwide. For instance, in 2021, Germany’s food processing sector pulled in about US$ 203 billion in revenue, making up 5.8% of the country’s GDP. The top earners by value were meat (24%), dairy (15.5%), bakery (9.4%), confectionery and long-life bakery products (7.8%), and processed fruits and vegetables (6.3%). So, consumers leaning more towards processed food is a huge driver for the cold storage market.
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Europe Cold Storage Market Overview
The cold storage market has seen a big boost thanks to an increasing population, rising consumer income, and a growing fondness for processed and canned food. The popularity and importance of cold storage facilities have really taken off recently, driven by more spending on convenience and frozen food, probiotics, pharmaceuticals, and fresh produce. Many industries, like food & beverages, pharmaceuticals, and chemicals, depend on cold storage to keep their products safe. In the food industry, the huge demand for frozen and fresh foods has made cold storage facilities vital for keeping products fresh and preventing spoilage. The pharmaceutical industry heavily relies on cold storage to keep temperature-controlled vaccines and drugs effective.
Europe Cold Storage Market Segmentation
Europe Cold Storage Market By Application
Dairy Products
Meat and Seafood
Fruits and Vegetables
Pharmaceuticals
Processed Food
Europe Cold Storage Market By Temperature Type
Chilled and Frozen
Europe Cold Storage Market Regions and Countries Covered
Europe
UK
Germany
France
Russia
Italy
Rest of Europe
Europe Cold Storage Market leaders and key company profiles
Nichirei Corp
Americold Realty Trust Inc
Lineage Logistics Holdings LLC
NewCold Cooperatief UA
Constellation Cold Logistics SARL
Chiltern Cold Storage Group Ltd
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