Refrigerated Warehousing Market — Perishable Foods and Fruits Demands Growth
The handling of frozen and refrigerated food and pharmaceutical products are among the most challenging aspect for a food or a pharmaceutical manufacturer, as well as a logistic supplier. Refrigerated warehouses are one such service enabling optimum management of cold chain during the transportation and storage of such products. These warehouses offers a wide range of temperature for handling of various products such as fish, meat, and poultry, dairy and confectionary among others.
Moreover, an increasing number of agricultural and chemical products have also shown the necessity for refrigerated warehousing services. The global refrigerated warehousing market is expected to expand with an impressive CAGR over the forecast period.
The prime factor driving the demand for refrigerated warehousing is the increasing demand for perishable foods and fruits, such as dairy, meat and poultry products. This coupled with a rapid increase in demand for frozen food over the last decade is another factor driving the demand for refrigerated warehousing.
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Moreover, increasing number of hypermarkets and supermarkets in developing nations of Asia Pacific, is significantly driving more consumption of perishable food, thus fuelling escalating the demand for refrigerated warehousing.