Cold Storage Construction Market Size, Share, Growth and Industry Analysis By Type (Production Stores, Bulk Stores, Ports, And, Others), By Application (Food & Beverages, Medical Products, Chemicals, And, Others), Regional Insights, and Forecast From 2025 To 2034

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COLD STORAGE CONSTRUCTION MARKET OVERVIEW

The global cold storage construction market size is anticipated to be worth USD 8.5 billion in 2025 and is expected to reach USD 13.54 billion by 2034 at a CAGR of 5.31% during the forecast period from 2025 to 2034.

The United States Cold Storage Construction market size is projected at USD 2.81 billion in 2025, the Europe Cold Storage Construction market size is projected at USD 2.32 billion in 2025, and the China Cold Storage Construction market size is projected at USD 2.33 billion in 2025.

Cold storage is a cabin or a building that is created to store food items. It is designed in such a way that it can prevent the wastage of rotting of food that are perishable in nature. The temperature is maintained in such a way that is suitable to store food without it going bad. Cold storage constructions are used in the food industry extensively to preserve food items.

Cold storages are widely used in many sectors. Medicine, chemical, and food & beverage sectors are markets where cold storage constructions are prominently used. This is considered as the latest development in the market.

Cold storage techniques increase the shelf-life of perishable food items. Controlled atmosphere storage, and warehouse refrigeration are some of the techniques that are used in storing items. All of these factors have contributed in the growth of the cold storage construction market share.

KEY FINDINGS

COVID-19 IMPACT

Decrease in Sale of Perishable Food Items During Pandemic Decreased Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The outbreak of pandemic of COVID-19 resulted in heavy losses among many industries. During the pandemic, many markets lost demand due to factors such as changing preference of consumers, and lockdowns. Maintaining hygiene and cleanliness was of utmost importance to people during the pandemic period. 

As  result people started to decrease the consumption of outside food. The consumption of perishable food items decreased. Cold storage constructions are used in fast food joints and restaurants to store food items. The number of people visiting restaurants during pandemic had drastically reduced. This brought down the market share during pandemic. 

LATEST TRENDS

Rise in Demand for Fast Food Among People to Increase Market Growth

Post pandemic, the demand for fast food has seen a considerable rise. Most of the restaurants, hotels, and fast-food joints will require cold storage constructions to preserve food for a prolonged period of time. Some of the food items could be perishable, and they have to be kept at a very cool temperature in order to prevent their spoilage. The popularity of packaged food items among consumers has also driven the market growth.

Cold storage constructions are not just limited to the food and beverages market. Other products like medicines, temperature sensitive drugs, and certain chemicals will also need to be stored in cool areas to prevent them from going bad. This can be considered as the latest trend in the market.

• In 2024, more than 87 million square feet of new cold storage space was constructed globally, with 42% allocated to food preservation and 26% to pharmaceuticals.

• Around 58% of newly built cold storage facilities now include automated temperature monitoring and IoT-enabled inventory management for improved efficiency.

COLD STORAGE CONSTRUCTION MARKET SEGMENTATION

By Type

The market can be divided on the basis of type as follows:

Production stores, bulk stores, ports, and, others. The production stores segment is projected to hold the dominant market share through 2028.

By Application

Classification based on application is as follows:

Food & beverages, medical products, chemicals, and, others. The food & beverages segment is predicted to dominate the market through the forecast period.

DRIVING FACTORS

Higher Shelf-life of Food Items When Stored in Cold Storage to Amplify Market Growth

The main aim of using cod storage construction is to prevent the spoilage of food and increase their shelf-life. The food items are stored in temperature usually below the average level. There are many ways of achieving of cold storage.

Some of the methods include controlled atmosphere storage, and warehouse refrigeration. Under the controlled atmosphere storage, the gases are regulated and controlled in a particular manner. Nitrogen, carbon monoxide, carbon dioxide and oxygen gases are regulated with the help of certain devices and precision instruments. The oxygen content present in the air is lowered to keep fruits and vegetables fresh. These systems also have he option to regulate humidity. All of these factors are propelling the market growth. 

Easy and Convenient Storage of Chemicals to Augment Market Development

Cold storage constructions are also used in chemical industries to preserve certain materials and chemicals. Several substances within the chemical industry are volatile in nature that is they can easily get evaporated.

In order to prevent the evaporation of chemicals when they are exposed to high temperatures, they must be stored in appropriate containers, at right conditions with consistent temperatures. Many solvents can be stored only in very low temperatures. The shelf life of certain substances like rubber and explosives can be prolonged when they are kept in cold storages. The usage of this device in medical and chemical sector has propelled the cold storage construction market share.

• Over 75% of food distributors expanded cold storage capacity in 2024 due to rising demand for frozen meals, while 21 national health agencies upgraded vaccine storage infrastructure.

• In the past year, more than 16 countries issued subsidies or tax breaks to promote cold storage construction, leading to 2,400+ projects initiated or approved globally.

RESTRAINING FACTORS

Decrease in Nutritional Value of Food Items to Decrease Market Growth

The major drawback of using cold storage constructions is that they can decrease the nutritional value of a food item. If a food substance is stored for a long duration of time in a cold environment, it may not retain its original properties.

The food can also become very stale by losing all its fragrance, juiciness, and taste. Many times, certain chemicals can also be added to cold storage structures. This can badly affect the health of the consumers. All of these factors can hamper the market growth.

• The average construction cost of a standard cold storage facility ranges between USD 250 and USD 450 per square foot, which limits entry for small and mid-sized logistics providers.

• Cold storage facilities consume approximately 1.5 to 2.2 times more energy than conventional warehouses, with monthly electricity bills exceeding USD 20,000 for large-scale units.

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COLD STORAGE CONSTRUCTION MARKET REGIONAL INSIGHTS

Asia Pacific to Dominate Market During Forecast Period

Asia Pacific accounts for the largest share in cold storge construction market. The main reason for development of market here is the growing rate of population in this region. With the rapid growth of population, the food and beverages industry has evolved with time.

Cold storage constructions are increasingly being adopted in the food and beverages market to store perishable items. Certain medications and chemical companies also require usage of cold storage. Many new technologies have introduced in the market. Warehouse management, automated loading and unloading systems are some of the techniques that have been integrated into the market. All of these factors have amplified the market development in Asia Pacific.

KEY INDUSTRY PLAYERS

Leading Players adopt Acquisition Strategies to Stay Competitive

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

• Americold Logistics: In 2024, Americold added 12 new cold storage warehouses to its network, covering a total of 9.3 million square feet, primarily across the U.S., Australia, and South America.

• Swire Cold Storage: Swire Cold Storage operated over 80 temperature-controlled sites in 2024, maintaining more than 620,000 pallet positions and handling over 5 million tons of goods annually across its facilities.

List of Top Cold Storage Construction Companies

• Americold Logistics
• Swire Cold Storage
• A M King
• Primus Builders
• Hansen Cold Storage Construction
• Burris Logistics
• Nichirei Logistics Group
• Preferred Freezer Services
• Tippman Group
• Lineage Logistics Holdings

REPORT COVERAGE

The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations.