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

A confluence of factors—including an expanding global population, increasing urbanization, rising disposable incomes, and busier daily lives—is fueling the global demand for processed, canned, and ready-to-eat food items. These convenient foods require proper storage to remain in a consumable state. The absolute necessity of cold storage facilities cannot be overstated, as processed foods have a high likelihood of spoilage within days or weeks if not preserved correctly. Maintaining optimal temperatures and appropriate storage conditions is crucial for extending the shelf life of processed or canned food. Over the years, consumer lifestyles have seen dramatic shifts, with the growing number of working individuals being a significant driving force for the cold storage market. Additionally, increased marketing exposure of processed food is effectively drawing in younger generations to consume these items. This escalating demand for canned and processed food is significantly boosting the global need for cold storage facilities. For instance, in 2021, the food processing sector in Germany generated approximately US$ 203 billion in revenue, accounting for 5.8% of the country's GDP. Meat (24%), dairy (15.5%), bakery (9.4%), confectionery and long-life bakery products (7.8%), and processed fruits and vegetables (6.3%) were the top subsectors by value. Thus, consumers' increasing inclination toward processed food is acting as a major driver for the cold storage market.

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Europe Cold Storage Market Overview

The cold storage market has benefited positively from an increasing population, rising consumer income, and a growing preference for processed and canned food. The popularity and critical role of cold storage facilities have soared in recent years due to increased expenditure on convenience and frozen food, probiotics, pharmaceuticals, and fresh produce. Several industries, including food & beverages, pharmaceuticals, and chemicals, rely on cold storage facilities to preserve their products. In the food industry, the mounting demand for frozen and fresh foods has made cold storage facilities indispensable for preserving product freshness and avoiding spoilage. The pharmaceutical industry is heavily dependent on cold storage to maintain the effectiveness of temperature-controlled vaccines and drugs.

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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