Production Stores Segment is the Fastest-Growing Storage Type Segment for Cold Storage Construction Market till 2021


Posted January 16, 2019 by Chemical-Research-Expert

Asia-Pacific accounted for the largest share of the global market in 2015,

 
The report "Cold Storage Construction Market by Storage Type (Production Stores, Bulk Stores, Ports), Application (Food & Beverages, Medical Products, Chemicals), and Region (Asia-Pacific, North America, Europe) - Global Forecasts to 2021",

The global cold storage construction market is projected to reach USD 10.47 Billion by 2021, at a CAGR of 14.0% from 2016 to 2021. Growth in the trade of perishable foods globally, technological advancements in refrigerated storage & transport, and the increase in demand for perishable foods is expected to drive the growth of the market in the near future.

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The research methodology used to estimate and forecast the global cold storage construction market begins with capturing data on key vendor revenues through secondary research. Vendor offerings are also taken into consideration to determine the market segmentation. After arriving at the overall market size, the total market was split into several segments and subsegments, which were later verified through primary research by conducting extensive interviews with key personnel, such as CEOs, VPs, directors, and executives.

Scope of the Report: This research report categorizes the global cold storage construction market on the basis of storage type, application, and region, forecasting revenues as well as analyzing trends in each of the submarkets.

On the basis of storage Type:
• Production Stores
• Bulk Stores
• Ports
• Others
On the basis of Application:
• Food & Beverages
• Medical Products
• Chemicals
• Others
On the basis of Region:
• Asia-Pacific
• Europe
• North America
• Middle East & Africa
• Latin America
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Among all storage types, the production stores segment is the fastest-growing storage type segment in the market owing to food protection throughout the production process including raw material, semi-finished, and finished products in cold stores. These are typically located in areas where the products are manufactured/procured.

The food & beverages segment accounted for the largest share of the global cold storage construction market in 2015. Globally, the food & beverages segment is witnessing high demand due to economic growth and urbanization, along with sophisticated marketing channels which have led to significant changes in usage patterns.

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Asia-Pacific accounted for the largest share of the global market in 2015 and is expected to continue its dominance till 2021. India, China, Japan, and Indonesia led the Asia-Pacific cold storage construction market in 2015. Among all countries in Asia-Pacific, this market in India is projected to grow at the highest CAGR between 2016 and 2021, owing to the increasing awareness about the prevention of food wastage, growth in the organized retail sector, rising consumer demand for perishable goods, and increasing government support & initiatives in cold storage construction.

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Issued By marketsnadmarkets
Phone 1-888-600-6441
Business Address 630 Dundee Road Suite 430
Northbrook, IL 60062
Country United States
Categories Blogging
Tags cold storage construction , cold storage construction industry , cold storage construction market , marketsandmarkets
Last Updated January 16, 2019