Frozen Storage Market Report 2025

The frozen storage market size has grown strongly in recent years. It will grow from $149.15 billion in 2024 to $163.43 billion in 2025 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to changing consumer lifestyles and dietary habits, globalization and supply chain dynamics, rise in quick-service and frozen food retailers, seasonal demand for frozen products, increased urbanization and convenience.

The frozen storage market size is expected to see strong growth in the next few years. It will grow to $225.36 billion in 2029 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to expansion of e-commerce in grocery and food delivery, health and wellness trends, technological innovations in cold chain logistics, globalization of food supply chains, focus on food safety and quality. Major trends in the forecast period include e-commerce and online grocery, globalization of food supply chains, health and safety standards, customization and scalability, urbanization and convenience foods.

The increasing demand for perishable products is projected to drive the growth of the frozen storage market in the future. Perishable products are food items that can spoil or become damaged if not stored at temperatures of 40 °F or below, or if not frozen at 0 °F or below. Items such as fresh vegetables, fruits, frozen foods, and pharmaceutical products require refrigeration or cold storage to slow down their deterioration. Consequently, the rise in demand for these perishable goods will necessitate more frozen storage facilities to keep them safe, thereby increasing market demand. For example, in December 2022, the Bureau of Economic Analysis, a US-based federal agency, reported that U.S. exports of foods, feeds, and beverages rose by $0.7 billion in 2022, contributing to a total export value of $3.0 trillion. In contrast, imports increased significantly by $26.1 billion, resulting in total goods imports of $3.95 trillion, largely due to a $7 billion rise in soybean exports. Therefore, the growing demand for perishable products is propelling the growth of the frozen storage market.

The expanding e-commerce sector is expected to stimulate the growth of the frozen storage market in the coming years. E-commerce encompasses the buying and selling of goods and services, as well as the transmission of funds or data over an electronic network, primarily the internet. The increase in online grocery shopping has heightened the demand for cold storage space to support the storage and distribution of temperature-sensitive products. For instance, in August 2023, reports from the United States Census Bureau, a US-based government agency, revealed that U.S. retail e-commerce sales reached $291.6 billion in the second quarter of 2024, marking a 1.3% increase from the previous quarter and a 6.7% rise compared to the same period in 2023. Total retail sales were estimated at $1.82 trillion, reflecting a 0.5% increase from the first quarter and a 2.1% year-over-year rise, with e-commerce accounting for 16% of total sales. Thus, the growing e-commerce sector is driving the growth of the frozen storage market.

Technological advancement is a significant trend gaining traction in the frozen storage market. Major companies in this sector are embracing new technologies to maintain their competitive edge. For example, in December 2023, JBT Corporation, a US-based provider of food and beverage technology solutions, launched the latest iteration of its Frigoscandia GYRoCOMPACT 70 Spiral Freezer (GC70). This freezing solution features several notable enhancements designed to boost efficiency and capacity for food producers. The GC70 now offers a sequential defrost option, enabling it to operate continuously for up to two weeks without the need for frequent defrosting. The updated GC70 spiral freezer underscores JBT's commitment to advancing freezing technology within the food industry, delivering solutions that improve productivity and efficiency while addressing space limitations in production facilities.

Prominent players in the frozen storage market are strategically investing to broaden their geographic footprint and secure a competitive advantage. Strategic investments in this context involve purposeful allocation of capital and resources to enhance the capacity, technology, and geographical coverage of cold storage facilities. These investments may encompass the construction of new facilities, adoption of cutting-edge technologies, and development of specialized storage solutions to meet evolving customer needs. In October 2023, RealCold, a New Zealand-based cold chain solutions company, unveiled plans to construct two state-of-the-art cold storage facilities in the Southern United States as part of its national cold chain platform launch. These facilities are integral to addressing an underserved demand in the industry by offering cold chain services through a network of additional storage facilities. The first project, located in Lakeland, Florida, will span 376,000 square feet with approximately 43,000 pallet locations. The second project, situated in Lockhart, Texas, involves building a 310,000-square-foot facility initially capable of housing more than 36,000 pallets. RealCold's distinctive service offerings, combined with these mission-critical sites, align with the company's strategic objectives based on the fundamental shift in customer buying behaviors toward online and grocery delivery.

In November 2023, RealCold, a US-based provider of cold storage solutions, acquired Forte Frozen for an undisclosed sum. This acquisition is intended to bolster its national cold chain presence by improving service offerings and expanding its geographic reach in the temperature-controlled warehousing and fulfillment sector. Forte Frozen is a cold storage solutions company based in the United States.

Major companies operating in the frozen storage market include Americold Logistics Inc., Lineage Logistics Holdings LLC, Burris Logistics Company, Wabash National Corporation, Nichirei Corporation, United States Cold Storage Inc., Kloosterboer Group B.V., Tippmann Group, VersaCold Logistics LLC, John Swire & Sons Ltd., Consolidated Transfer & Warehouse Co. Inc., The Schwan Food Company, Congebec Logistics Inc., Interstate Warehousing Inc., Frialsa Frigorificos S.A. De C.V., Conestoga Cold Storage Ltd., Oxford Express Private Limited, Montague Cold Storage Pty Ltd., Bring Frigo SL, Confederation Freezers, Trenton Cold Storage Inc., Nor-Am Cold Storage, Superfrio Logistica Frigorificada, FreezPak Logistics, METCOLD Supply Network Management Limited, Friozem Armazens Frigorificos Ltda., Magnavale Ltd., Vertical Cold Storage, ColdPoint Logistics LLC, Gruppo Marconi Logistica Integrata, Hanson Logistics Ltd., Agri-Norcold A/S.

North America was the largest region in the frozen storage market in 2024. The regions covered in the frozen storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the frozen storage market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Frozen storage denotes the preservation of diverse products, including vegetables, seafood, fruits, and more, at temperatures below 32°F within specialized cold storage facilities. These units are designed specifically for preserving food items, ensuring their nutritional value and freshness are maintained.

The primary classifications of frozen storage encompass private, semi-private, and public categories. Private and semi-private facilities are typically owned by large retailers, serving as spaces to stockpile inventory in large quantities. These warehouses encompass various construction types, including bulk storage, production stores, and ports, tailored for specific applications such as dairy, processed food, fruits and vegetables, seafood, meat, pharmaceuticals, and other related industries.

The frozen storage market research report is one of a series of new reports that provides frozen storage market statistics, including frozen storage industry global market size, regional shares, competitors with a frozen storage market share, detailed frozen storage market segments, market trends and opportunities, and any further data you may need to thrive in the frozen storage industry. This frozen storage market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The frozen storage market includes revenues earned by entities by providing facility to store dry fruits, and pharmaceutical drugs. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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