South & Central America Cold Storage Market Forecast to 2030
South & Central America Cold Storage Market Forecast to 2030 – Regional Analysis – by Application (Dairy Products, Meat and Seafood, Fruits and Vegetables, Pharmaceuticals, and Processed Food), Temperature Type (Chilled and Frozen), and Warehouse Type (Public and Private & Semi-Private)
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Description
Sustainable Refrigeration and Storage Technologies Fuel South & Central America Cold Storage Market
The application of transcritical CO2 systems uses carbon dioxide (CO2) as a refrigerant, which has a very low ozone depletion potential (ODP). Unlike conventional refrigerants such as hydrofluorocarbons (HFCs) or hydrochlorofluorocarbons (HCFCs), which contribute to ozone layer depletion, CO2 does not damage the ozone layer. This characteristic makes cold storage transcritical CO2 refrigeration systems environmentally friendly and supports global efforts to phase out ozone-depleting substances. Transcritical CO2 systems have a substantially minimalized global warming potential (GWP) compared to many conventional cold storage facilities. GWP measures the ability of greenhouse gases to impact global warming over a definite period. CO2 has a GWP of 1, whereas HFCs commonly used in refrigeration systems have GWPs in the thousands or even tens of thousands. By using CO2 as a refrigerant, transcritical systems help moderate climate change and reduce the carbon footprint of cooling and refrigeration applications. Overall, the low environmental impact of cold storage transcritical CO2 systems are driving the market by supporting global environmental objectives. As the need for sustainable refrigeration and storage solutions continues to develop, cold storage transcritical CO2 technology offers a viable and smart option for businesses across various sectors. Furthermore, the application of cold thermal storage technology is also one of the environment-friendly alternatives for storage facilities that can provide opportunities for the cold storage market over the forecast period.
South & Central America Cold Storage Market Overview
The increasing population, rising consumer income, and growing preference for processed and canned food have positively favored the cold storage market. The popularity and importance of cold storage facilities have soared in recent years owing to increased expenditure on convenience and frozen food, probiotics, pharmaceuticals, or fresh produce. Several industries, such as food & beverages, pharmaceuticals, and chemicals, rely on cold storage facilities to preserve their products. In the food industry, the mounting demand for frozen and fresh foods has made cold storage facilities crucial for preserving product freshness and avoiding spoilage. The pharmaceutical industry immensely depends on cold storage to conserve the effectiveness of temperature-controlled vaccines and drugs.
Globalization and expansion in transport logistics have also boosted the supply chain of various products nationally or internationally. This trend has improved the demand for cold storage facilities to make certain that the products reach consumers in ideal condition, preserving a necessary temperature, regardless of distance and time of travel.
Brazil, Argentina, Peru, Chile, and Uruguay are the major contributors to the cold storage market in the South & Central American region. Increasing per capita income, changing consumer food preferences, and busy lifestyles are the major factors boosting the demand for processed meat, fruits, vegetables, seafood, and fish products in South & Central America.
South & Central America Cold Storage Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Cold Storage Market Segmentation
The South & Central America cold storage market is categorized into application, temperature type, warehouse type, and country.
Based on application, the South & Central America cold storage market is segmented into dairy products, meat and seafood, fruits and vegetables, pharmaceuticals, and processed food. The meat and seafood segment held the largest South & Central America cold storage market share in 2022.
In terms of temperature type, the South & Central America cold storage market is bifurcated into chilled and frozen. The frozen segment held a larger South & Central America cold storage market share in 2022.
By warehouse type, the South & Central America cold storage market is segmented into public and private & semi-private. The public segment held a larger South & Central America cold storage market share in 2022.
By country, the South & Central America cold storage market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America cold storage market share in 2022.
SuperFrio Armazens Gerais SA, Frialsa Frigorificos SA de CV, Friozem Armazens Frigoreticos Ltda, Emergent Cold LatAm Management LLC, and Americold Realty Trust Inc, are some of the leading companies operating in the South & Central America cold storage market.
Summary Info
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According toThe Research Team’ research, the South & Central America cold storage market was valued at US$ 11,300.82 million in 2022 and is expected to reach US$ 35,503.39 million by 2030, registering a CAGR of 15.4% from 2022 to 2030. Automation in cold storage facilities and increasing demand for convenience food among consumers are among the critical factors attributed to drive the South & Central America cold storage market growth.
The objective of an automated cold storage facility is to improve safety for both the employees and the products and streamline processes for better inventory management. Palletizers, conveyors, automated picking solutions, automated storage and retrieval systems (ASRS), automated truck loading/unloading systems, and other types of material handling equipment are used to shift large volumes of inventory with high precision. These systems can be substantially advantageous from the perspectives of food quality, labor, safety, throughput, supervision, time-saving, and tracking. Automation in cold storage facilities increases productivity, as in subzero environments, only automation ensures high-frequency inflow and outflow series. Automated systems also save the operational time, energy, and cost. Automated cold storage warehouses ensure the protection of employees and products, and they also help reduce goods management mistakes. The automation system in cold storage facilities also increases the overall operational efficiency and reduces the level of human errors. Because of all these factors, automation in cold storage facilities is anticipated to be a major trend in the cold storage market during the forecast period.
On the contrary, adverse impact of cold storage facilities on environment hurdle the growth of South & Central America cold storage market.
Based on application, the South & Central America cold storage market is segmented into dairy products, meat and seafood, fruits and vegetables, pharmaceuticals, and processed food. The meat and seafood segment held 31.6% market share in 2022, amassing US$ 3,569.97 million. It is projected to garner US$ 12,344.13 million by 2030 to register 16.8% CAGR during 2022-2030.
In terms of temperature type, the South & Central America cold storage market is bifurcated into chilled and frozen. The frozen segment held 62.9% share of South & Central America cold storage market in 2022, amassing US$ 7,107.91 million. It is anticipated to garner US$ 22,950.68 million by 2030 to expand at 15.8% CAGR during 2022-2030.
By warehouse, the South & Central America cold storage market is segmented into public, and private and semi-private. The public segment held 66.8% share of South & Central America cold storage market in 2022, amassing US$ 7,545.02 million. It is projected to garner US$ 23,265.19 million by 2030 to expand at 15.1% CAGR from 2022 to 2030.
Based on country, the South & Central America cold storage market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 76.2% share of South & Central America cold storage market in 2022. It was assessed at US$ 8,609.66 million in 2022 and is likely to hit US$ 26,705.27 million by 2030, registering a CAGR of 15.2% during 2022-2030.
Key players operating in the South & Central America cold storage market are SuperFrio Armazens Gerais SA, Frialsa Frigorificos SA de CV, Friozem Armazens Frigoreticos Ltda, Emergent Cold LatAm Management LLC, and Americold Realty Trust Inc, among others.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the South & Central America cold storage market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the South & Central America cold storage market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Cold Storage Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 Producers
4.2.2 Storage Providers
4.2.3 End Users
5. South & Central America Cold Storage Market – Key Market Dynamics
5.1 Cold Storage Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Rapid Growth in Import and Export Activities of Food and Pharmaceutical Products
5.2.2 Increasing Demand for Convenience Food Among Consumers
5.2.3 Rise in Food Waste
5.3 Market Restraints
5.3.1 Adverse Impact of Cold Storage Facilities on Environment
5.4 Market Opportunities
5.4.1 Sustainable Refrigeration and Storage Technologies
5.5 Future Trends
5.5.1 Automation in Cold Storage Facilities
5.6 Impact of Drivers and Restraints:
6. Cold Storage Market – South & Central America Market Analysis
6.1 Cold Storage Market Revenue (US$ Million), 2022-2030
6.2 Cold Storage Market Forecast Analysis
7. South & Central America Cold Storage Market Analysis – by Application
7.1 Dairy Products
7.1.1 Overview
7.1.2 Dairy Products: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Meat and Seafood
7.2.1 Overview
7.2.2 Meat and Seafood: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Fruits and Vegetables
7.3.1 Overview
7.3.2 Fruits and Vegetables: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Pharmaceuticals
7.4.1 Overview
7.4.2 Pharmaceuticals: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Processed Food
7.5.1 Overview
7.5.2 Processed Food: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Cold Storage Market Analysis – by Temperature Type
8.1 Chilled
8.1.1 Overview
8.1.2 Chilled: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Frozen
8.2.1 Overview
8.2.2 Frozen: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Cold Storage Market Analysis – by Warehouse Type
9.1 Public
9.1.1 Overview
9.1.2 Public: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
9.2 Private and Semi-Private
9.2.1 Overview
9.2.2 Private and Semi-Private: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
10. South & Central America Cold Storage Market – Country Analysis
10.1 South & Central America
10.1.1 South & Central America Cold Storage Market Overview
10.1.2 South & Central America: Cold Storage Market – Revenue and Forecast Analysis – by Country
10.1.2.1 South & Central America: Cold Storage Market – Revenue and Forecast Analysis – by Country
10.1.2.2 Brazil: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
10.1.2.2.1 Brazil: Cold Storage Market Breakdown, by Application
10.1.2.2.2 Brazil: Cold Storage Market Breakdown, by Temperature Type
10.1.2.2.3 Brazil: Cold Storage Market Breakdown, by Warehouse Type
10.1.2.3 Argentina: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
10.1.2.3.1 Argentina: Cold Storage Market Breakdown, by Application
10.1.2.3.2 Argentina: Cold Storage Market Breakdown, by Temperature Type
10.1.2.3.3 Argentina: Cold Storage Market Breakdown, by Warehouse Type
10.1.2.4 Rest of South & Central America: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
10.1.2.4.1 Rest of South & Central America: Cold Storage Market Breakdown, by Application
10.1.2.4.2 Rest of South & Central America: Cold Storage Market Breakdown, by Temperature Type
10.1.2.4.3 Rest of South & Central America: Cold Storage Market Breakdown, by Warehouse Type
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
12. Company Profiles
12.1 SuperFrio Armazens Gerais SA
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Frialsa Frigorificos SA de CV
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Friozem Armazens Frigoreticos Ltda
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Emergent Cold LatAm Management LLC
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Americold Realty Trust Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 About The Research Team
Table 1. Cold Storage Market Segmentation
Table 2. Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
Table 3. South & Central America Cold Storage Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 4. South & Central America Cold Storage Market – Revenue and Forecast to 2030 (US$ Million) – by Temperature Type
Table 5. South & Central America Cold Storage Market – Revenue and Forecast to 2030 (US$ Million) – by Warehouse Type
Table 6. South & Central America: Cold Storage Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 7. Brazil: Cold Storage Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 8. Brazil: Cold Storage Market – Revenue and Forecast to 2030(US$ Million) – by Temperature Type
Table 9. Brazil: Cold Storage Market – Revenue and Forecast to 2030(US$ Million) – by Warehouse Type
Table 10. Argentina: Cold Storage Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 11. Argentina: Cold Storage Market – Revenue and Forecast to 2030(US$ Million) – by Temperature Type
Table 12. Argentina: Cold Storage Market – Revenue and Forecast to 2030(US$ Million) – by Warehouse Type
Table 13. Rest of South & Central America: Cold Storage Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 14. Rest of South & Central America: Cold Storage Market – Revenue and Forecast to 2030(US$ Million) – by Temperature Type
Table 15. Rest of South & Central America: Cold Storage Market – Revenue and Forecast to 2030(US$ Million) – by Warehouse Type
Figure 1. Cold Storage Market Segmentation, by Country
Figure 2. Ecosystem Analysis
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Cold Storage Market Revenue (US$ Million), 2022-2030
Figure 5. South & Central America Cold Storage Market Share (%) – by Application (2022 and 2030)
Figure 6. Dairy Products: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
Figure 7. Meat and Seafood: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Fruits and Vegetables: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Pharmaceuticals: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Processed Food: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. South & Central America Cold Storage Market Share (%) – by Temperature Type (2022 and 2030)
Figure 12. Chilled: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Frozen: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. South & Central America Cold Storage Market Share (%) – by Warehouse Type (2022 and 2030)
Figure 15. Public: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Private and Semi-Private: Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. South & Central America Cold Storage Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 18. South & Central America: Cold Storage Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 19. Brazil: Cold Storage Market – Revenue and Forecast to 2030(US$ Million)
Figure 20. Argentina: Cold Storage Market – Revenue and Forecast to 2030(US$ Million)
Figure 21. Rest of South & Central America: Cold Storage Market – Revenue and Forecast to 2030(US$ Million)
The List of Companies – South & Central America Cold Storage Market
o SuperFrio Armazens Gerais SA
o Frialsa Frigorificos SA de CV
o Friozem Armazens Frigoreticos Ltda
o Emergent Cold LatAm Management LLC
o Americold Realty Trust Inc
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