Refrigerated Warehousing Market by Technology, Temperature, Application And Region - Global Forecast to 2022
NEW YORK, Oct. 25, 2017 /PRNewswire/ -- "The refrigerated warehousing market is projected to grow at a CAGR of 10.2%."
The refrigerated warehousing market is estimated to be valued at 17.98 billion in 2017 and is projected to grow at a CAGR of 10.2%, to reach USD 29.17 billion by 2022. The market is primarily driven by factors such as the rise in demand for the storage of perishable foods, expansion of retail channels, and growing food safety concerns. Asia Pacific is projected to be the fastest-growing region due to the rise in disposable incomes in the population in China and Japan. One of the major restraints for the growth of the refrigerated warehousing is high energy consumption and infrastructure costs.
Read the full report: https://www.reportlinker.com/p05160301
"Blast freezing technology segment is projected to grow at the highest CAGR through 2022."
Based on technology, the blast freezing segment is projected to grow at the highest CAGR from 2017 to 2022. Blast freezing is the most versatile method for freezing perishable foods such as seafood, meat, and fruits & vegetables. This technology ensures increased control and protection from bacteria, preserves the nutrients of the food products, and is one of the most cost-effective methods for storing food products over a long period of time.
"Frozen segment, by temperature, to grow at a higher CAGR in the refrigerated warehousing market."
Based on temperature, the frozen segment is projected to grow at a higher CAGR from 2017 to 2022. Perishable food products such as fruits & vegetables, meat, fish, and seafood require frozen temperature for long-term storage. The demand for frozen food products is increasing, particularly in the Asia Pacific and North American regions.
"Fruits & vegetables segment, by application, accounted for the largest share of the refrigerated warehousing market in 2016."
Based on application, the fruits & vegetables segment accounted for the largest share in 2016. Freezing fruits & vegetables helps retain their nutritional composition and increases their shelf life. Also, deep-frozen vegetables do not need tedious cleaning or cutting; these factors have fueled the demand for refrigerated warehousing in the fruits & vegetables segment. Growing health-consciousness among consumers and rising incomes have boosted the consumption of a wide variety of frozen and chilled products, particularly fruits & vegetables. In North America and Europe, the growing health concerns drive the demand for fruits and vegetables, as consumers prefer healthier and more nutritious options in their diet.
"The Asia Pacific refrigerated warehousing market is projected to witness the highest growth rate from 2017 to 2022."
Asia Pacific is projected to be the fastest-growing region, in terms of value, between 2017 and 2022. Some of the factors that drive the use of refrigerated warehousing in this region include the increase in demand for perishable foods, expansion of retail channels, and rise in disposable income in countries such as China, India, and Australia & New Zealand.
Break-up of Primaries:
• By Company Type: Tier 1 – 35 %, Tier 2 – 45%, and Tier 3 – 20%
• By Designation: D Level – 25%, C Level – 35%, and Others* – 40%
• By Region: North America – 20%, Europe – 25%, Asia Pacific – 40%, and RoW – 15%
*Others include sales manager, marketing managers, and product managers.
The leading players profiled in this report are as follows:
• AmeriCold Logistics (US)
• Lineage Logistics (US)
• Preferred Freezer Services (US)
• John Swire (UK)
• AGRO Merchants (US)
• Nichirei Logistics (Japan)
• Kloosterboer Services (Netherlands)
• Interstate Cold Storage (US)
• Cloverleaf Cold Storage (US)
• Burris Logistics (US)
• Frialsa Frigoríficos (Mexico)
• Henningsen Cold Storage (US)
Research Coverage:
The report segments the refrigerated warehousing market on the basis of technology, application, temperature, and region. In terms of insights, this research report has focused on various levels of analyses—competitive landscape, end-use analysis, and company profiles—which together comprise and discuss the basic views on the emerging & high-growth segments of the global refrigerated warehousing market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons to buy this report:
• To get a comprehensive overview of the refrigerated warehousing market
• To gain wide-ranging information about the top players in this industry, their product portfolios, and the key strategies adopted by them
• To gain insights about the major countries/regions in which the refrigerated warehousing is flourishing
Read the full report: https://www.reportlinker.com/p05160301
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
https://www.reportlinker.com
__________________________
Contact Clare: [email protected]
US: (339)-368-6001
Intl: +1 339-368-6001
SOURCE Reportlinker
Share this article