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 appetite for processed, canned, and ready-to-eat food items is intensifying, driven by population growth, increased urbanization, higher disposable incomes, and the demands of busy modern life. These convenient foods demand precise storage to stay good to eat. The critical importance of cold storage facilities cannot be overstated, given that processed foods are highly perishable if not properly preserved. Maintaining precise temperatures and ideal storage conditions is fundamental for extending the shelf life of these products. Over the years, consumer lifestyles have evolved dramatically, and the expanding working population is a primary force behind the growth of the cold storage market. Moreover, increased promotional efforts for processed food are effectively attracting younger consumers. This surge in demand for canned and processed food is significantly fueling the global need for cold storage facilities. For instance, Germany’s food processing sector generated around US$ 203 billion in revenue in 2021, constituting 5.8% of the country’s GDP. The leading subsectors by value included meat (24%), dairy (15.5%), bakery (9.4%), confectionery and long-life bakery products (7.8%), and processed fruits and vegetables (6.3%). Thus, consumers’ increasing lean towards processed food is a major impetus for the cold storage market.

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Europe Cold Storage Market Overview

The cold storage market has received a significant boost from an expanding population, higher consumer incomes, and an increasing preference for processed and canned food. The utility and vital nature of cold storage facilities have soared in recent years, propelled by increased spending on convenience and frozen food, probiotics, pharmaceuticals, and fresh produce. A wide range of sectors, including food & beverages, pharmaceuticals, and chemicals, depend on cold storage facilities to safeguard their products. Within the food industry, the surging demand for frozen and fresh items has rendered cold storage facilities crucial for maintaining product freshness and preventing waste. The pharmaceutical industry is critically reliant on cold storage to preserve the potency of temperature-sensitive vaccines and medications.

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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