The Latin America, Middle East and Africa Cold Storage Market would witness market growth of 16.9% CAGR during the forecast period (2021-2027).
The use of advanced technologies for storage and better refrigeration than that of traditional stores is attracting consumers to buy frozen food products from such retail stores. The rising demand for frozen and chilled food items is likely to increase the demand for cold storage over the forecast period. The organized retail serves with different outlet designs according to the budget of main consumers.
The strict regulations on the supply and production of temperature-controlled products served as an opportunity to the cold storage market. Some of the growth catalysts for the market are the booming organized retail sector in developing industries and the rise in the number of advancements in refrigeration technologies.
Latin America offers the unique feature of using natural refrigerants instead of synthetic refrigerants. The cold storage houses in the LAMEA region use propane (R290) and CO2 for refrigeration depending on the size of cold storage houses. This feature along with the hectic schedules of consumers in the region would attract the health-conscious consumers to shift toward the advanced feature and increase the consumption of ready to consume frozen food items.
The Brazil market dominated the LAMEA Cold Storage Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $5.9 billion by 2027. The Argentina market would witness a CAGR of 17.5% during (2021 - 2027). Additionally, The UAE market is experiencing CAGR of 16.5% during (2021 - 2027).
Based on Warehouse Type, the market is segmented into Public and Private & Semi-private. Based on Application, the market is segmented into Fish, Meat & Seafood, Processed Food, Dairy, Fruits & Vegetables, Pharmaceuticals and Others. Based on Construction Type, the market is segmented into Production Stores, Bulk Storage and Ports. Based on Temperature Type, the market is segmented into Frozen and Chilled. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Cold Storage Market is Predict to reach $258.7 Billion by 2027, at a CAGR of 13.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Americold Realty Trust, Burris Logistics, Lineage Logistics Holdings, LLC, Kalari Pty Ltd. (John Swire & Sons Limited), VersaCold Logistics Services, Wared Logistics, Wabash National Corporation, and Tippmann Group.
By Warehouse Type
By Application
By Construction Type
By Temperature Type
By Country
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