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-prepare food items is accelerating due to a growing population, increasing urbanization, rising disposable incomes, and the pressures of busy modern lives. These convenience foods are highly dependent on proper storage to remain fit for consumption. The critical importance of cold storage facilities cannot be overstated, as processed foods quickly perish if not kept under suitable conditions. Maintaining precise temperatures and appropriate storage environments is fundamental for extending the shelf life of processed or canned food. Over the years, consumer lifestyles have evolved dramatically, with the expanding working population serving as a primary force behind the growth of the cold storage market. Additionally, increased promotional efforts for processed food are successfully attracting a younger demographic. This escalating demand for canned and processed food is substantially boosting the global need for cold storage facilities. For example, in 2021, the food processing sector in Germany generated around US$ 203 billion in revenue, representing 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 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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