Cold Storage Market Size Is Expected To Reach USD 291.30 Billion By 2028
San Francisco, 21 May 2021: The Report Cold Storage Market Size, Share & Trends Analysis Report By Construction Type (Bulk Storage, Production Stores), By Temperature Type (Chilled, Frozen), By Application, By Warehouse Type, And Segment Forecasts, 2021 - 2028 The global cold storage market size is expected to reach USD 291.30 billion by 2028, according to a new study conducted by Grand View Research, Inc. It is projected to expand at a CAGR of 13.5% from 2021 to 2028. The retail sector in emerging economies, such as India and China, is getting more organized and this trend is expected to augment the demand for cold storage over the forecast period. Government policies to deregulate the entry of foreign companies have increased the Foreign Direct Investment (FDI) in the retail sectors of such regions. Organized retail stores use better refrigeration and improved storage technology than traditional stores. Thus, consumers are increasingly purchasing frozen foods from these ret