Canada Cold Storage Market Overview
As per MRFR analysis, the Canada Cold Storage Market Size was estimated at 17.22 (USD Billion) in 2023.The Canada Cold Storage Market is expected to grow from 19.63(USD Billion) in 2024 to 24.0 (USD Billion) by 2035. The Canada Cold Storage Market CAGR (growth rate) is expected to be around 1.844% during the forecast period (2025 - 2035).
Key Canada Cold Storage Market Trends Highlighted
There are notable market trends in the Canada Cold Storage Market right now, which are shaped by many elements. Growing demand for temperature-sensitive products, especially in the food and pharmaceutical industries, is one of the leading forces influencing the market. The need for effective cold storage solutions to maintain product quality and safety has been raised by the recent explosion in online grocery shopping and food delivery companies. The Canadian government has also been stressing food safety rules and procedures, which encourage contemporary cold chain infrastructure development through funds. Among these improvements, businesses have chances to investigate innovative technology, such as IoT-enabled cold storage systems and automation solutions, to improve running effectiveness.
Cold storage companies may seize possibilities by including energy-efficient systems and environmentally friendly refrigeration technology as sustainability takes the front stage, therefore complementing Canada's aim to lower greenhouse gas emissions. To maximize logistics and save costs, cold storage facilities have lately been increasingly consolidated under a clear trend. Companies are funding bigger, centralized warehouses that can serve many customers, therefore optimizing available space. Furthermore, developing as a means of simplification of the supply chain process means more cooperation between cold storage providers and logistics companies.
Furthermore, the growth of the Canadian population and year-round fresh product consumption fuel the need for strong cold storage systems. Cold storage is still particularly important in preserving product integrity as food import and export activity increases, particularly with significant trade partners. Driven by technology developments and shifting customer behavior, these trends show a dynamic scene for the cold storage business in Canada overall.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Canada Cold Storage Market Drivers
Growth of the Food and Beverage Industry
The expansion of the food and beverage sector in Canada mainly drives the Canada Cold Storage Market. Reflecting a continuing rise in consumer demand for fresh and frozen food goods, the Canadian food and beverage industry is expected to reach a value of over $100 billion by 2025, according to current estimates. To satisfy the market's increasing needs, companies such as Loblaw Companies Limited and Maple Leaf Foods are actively investing in their supply chain and cold storage facilities.
This steady increase suggests that preserving product quality and satisfying consumer expectations will depend on cold storage facilities becoming even more vital. Moreover, government figures show that the food sector employs more than 2 million Canadians and accounts for about 6% of the national GDP, implying that given its economic importance, effective cold storage solutions will be constantly needed to assist the food distribution network.
Rising E-commerce and Online Grocery Shopping
The Canada Cold Storage Market is much driven by the emergence of e-commerce and online grocery shopping in Canada. Reflecting a significant rise as customer tastes move towards convenience, a survey revealed that the online grocery shopping market in Canada will be valued at $20 billion by 2025. To improve their delivery capacity for perishable items, major stores such as Amazon and Walmart Canada are heavily investing in cold storage logistics.
The Canadian government has enabled this change through many projects meant to improve digital infrastructure and help local companies. This expansion in e-commerce closely corresponds with the growing need for cold storage solutions to preserve the quality of perishable items throughout the supply chain.
Increased Demand for Pharmaceuticals and Biologics
The growing demand for medicines and biologics in Canada mainly drives the Canada Cold Storage Market. The pharmaceutical industry's expansion has skyrocketed as healthcare takes the front stage, and the market is projected to rise at a compound annual growth rate (CAGR) of more than 4% in the next five years. Established businesses like Johnson Johnson and Pfizer Canada are extending their cold chain capabilities to accommodate delicate biologics needing exact temperature control.
The Canadian government has also developed many laws to encourage research and development in the pharmaceutical industry, further highlighting the need for cold storage methods that guarantee the effectiveness and safety of drugs throughout their distribution.
Canada Cold Storage Market Segment Insights
Cold Storage Market Type Outlook Insights
The Canada Cold Storage Market has proven to be a vital component in ensuring the integrity of perishable goods, playing a critical role in food safety and supply chain management across the region. The Type Outlook segment is primarily divided into Refrigerated Warehouse and Refrigerated Transport, both of which offer unique advantages and are essential in maintaining the cold chain for various products. Refrigerated Warehouses are pivotal for storing goods such as meats, dairy, and produce under controlled temperatures, ensuring that these items remain fresh and safe for consumption. In Canada, which boasts a vast agricultural sector and significant food processing industry, the demand for efficient warehousing solutions has become increasingly pronounced, as logistics providers and retailers seek to optimize inventory management and mitigate spoilage.
On the other hand, Refrigerated Transport serves as a crucial link in the distribution of temperature-sensitive goods, enabling manufacturers and suppliers to deliver items from their facilities to retailers and consumers efficiently. The significance of Refrigerated Transport is underscored by the increasing consumer demand for fresh products, leading businesses to adopt advanced logistics solutions that facilitate seamless transportation across the country’s diverse landscapes. Canada's robust trade agreements and expanding export markets have further amplified the need for cold chain solutions, making refrigerated transport an essential aspect of fulfilling both domestic and international trade requirements.
Moreover, the growth of e-commerce in Canada has propelled innovations in cold storage solutions, as online grocery shopping continues to rise. This trend has led to the expansion of dedicated refrigerated warehouses that cater specifically to e-commerce fulfillments, providing consumers with greater access to fresh produce and perishable goods. The Canada Cold Storage Market is thereby influenced by demographic shifts, with an increasing population and growing urban centers driving demand for sophisticated cold storage solutions.
Overall, the Type Outlook segmentation within the Canada Cold Storage Market illustrates a dynamic landscape that encompasses both warehousing and transportation, highlighting their importance in supporting Canada’s food supply chain while also responding to evolving consumer preferences and market trends.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Cold Storage Market Temperature Type Outlook Insights
The Canada Cold Storage Market showcases a diverse segmentation under the Temperature Type Outlook, primarily consisting of Frozen and Chilled categories. The Frozen segment holds a significant position within the market, driven by its vital role in preserving food quality and extending shelf life, particularly for perishable goods such as meat, dairy, and ready-to-eat products. Chilled storage, on the other hand, supports a variety of products that require refrigeration, including fruits, vegetables, and certain dairy items, emphasizing its importance in maintaining freshness and flavor.As consumer demand for quality and convenience in food products rises, both Frozen and Chilled segments are increasingly relevant, contributing to the overall dynamics of the Canada Cold Storage Market.
Trends such as the growth of the e-commerce food delivery sector and a shift towards more sustainable food practices are expected to further bolster these segments. Challenges such as energy consumption and maintaining temperature consistency remain for cold storage operators, but opportunities arise through advancements in technology and logistics management, which can improve efficiency and reduce costs in these crucial market segments.
Cold Storage Market Application Outlook Insights
The Application Outlook for the Canada Cold Storage Market showcases a diverse landscape that is essential for preserving a wide range of food products. The dairy and frozen desserts segment holds a significant position in terms of market demand, as Canadians increasingly favor products that offer convenience and quality. The fish, meat, and seafood products sector are also vital, reflecting the country's rich access to natural resources and a growing trend toward protein consumption.
The bakery and confectionery products segment capitalize on the popularity of snacks and convenience goods, driven by changing lifestyles and consumer preferences.Furthermore, the fruit and vegetables segment is crucial for maintaining freshness and quality in a nation that values nutrition and health, while the 'Others' category captures emerging trends and niche products. The rise in online grocery shopping and delivery services has stimulated growth in cold storage, enhancing the need for efficient storage solutions. Overall, the Canada Cold Storage Market benefits from an increasing focus on food safety and quality, which further underscores the importance of each application segment within the industry.
Canada Cold Storage Market Key Players and Competitive Insights:
Robust competition and strong demand for temperature-sensitive items across several industries, including food and pharmaceuticals, define the Canada Cold Storage Market and have driven notable expansion in it. The competitive scene has been more dynamic as customer tastes move toward convenience, and the need to maintain product quality increases drives change. Businesses are concentrating on expanding their cold storage capacity, using cutting-edge technology for maximum efficiency, and improving their services to fit consumer demand. Major participants in this market point to a tendency toward consolidation as companies try to improve their skills and logistical systems, thereby maintaining their competitiveness in a field that is constantly changing.
Kuehne + Nagel, which has become prominent in the Canada Cold Storage Market, is one of the main participants. Kuehne + Nagel is well-known for its broad spectrum of logistics solutions, including specialized cold chain control programs. The company's strength is in its well-developed infrastructure, which includes carefully placed cold storage facilities meant to manage temperature-sensitive goods effectively. By using cutting-edge technology in its activities, Kuehne + Nagel also stresses sustainability and creativity, which help maximize energy use and preserve product integrity. Working with nearby firms, the organization improves its service offering by offering customized solutions appealing to a varied clientele. Kuehne + Nagel's dedication to operational excellence and customer service has confirmed its leadership position in the Canadian cold storage sector.
Another major participant in the Canada Cold Storage Market, Congebec, is well-known for its commitment to providing complete cold storage options. Among its primary services are storage, shipping, and logistics, which are designed especially for temperature-sensitive goods. Congebec's strengths stem from its significant focus on customer-centric solutions, which guarantee customers get dependable and quick services, and from its excellent industry expertise.
The corporation has an extensive network of facilities that are utilized to maximize distribution routes throughout Canada. Apart from its operational excellence, Congebec has also been active in mergers and acquisitions meant to improve its capacity, thereby increasing its market share. Congebec tackles the changing issues of the cold supply chain by including cutting-edge technologies in its cold storage operations, guaranteeing the safe storage and transportation of perishable commodities, thus strengthening its competitive advantage in the Canadian market.
Key Companies in the Canada Cold Storage Market Include:
Canada Cold Storage Market Industry Developments
Recent developments in the Canada Cold Storage Market have shown notable growth and innovation, driven by increased consumer demand for frozen and perishable goods. Companies like Kuehne + Nagel and Lineage Logistics have expanded their facilities, enhancing service capabilities to meet the rising need for temperature-controlled logistics. In April 2023, Walmart Canada announced an investment to upgrade existing cold storage facilities, aiming to streamline its supply chain operations.
In terms of mergers and acquisitions, BFC Smart Cold Storage announced in August 2023 its acquisition of a regional competitor, further consolidating its market presence. Conversely, Americold Logistics has actively pursued partnerships to extend its geographical footprint in Canada. Factors such as e-commerce growth and changes in consumer preferences towards fresh and frozen foods have played a crucial role in shaping the market landscape.
The valuation of Canadian cold storage companies has grown significantly, reflecting the sector's resilience and adaptation amid evolving market conditions. Trends over the past 2-3 years, including the expansion of facilities by Congebec and the innovation-driven approaches from Groupe HMI and VersaCold Logistics Services, illustrate a dynamic market responding effectively to consumer needs.
Cold Storage Market Segmentation Insights
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 17.22(USD Billion) |
| MARKET SIZE 2024 | 19.63(USD Billion) |
| MARKET SIZE 2035 | 24.0(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 1.844% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Kuehne + Nagel, Congebec, BFC Smart Cold Storage, Agropur, Americold Logistics, Groupe HMI, Lineage Logistics, Canada Cold Storage, VersaCold Logistics Services, H and O Cold Storage, Walmart Canada, Groupe Charles André, Loblaw Companies Limited |
| SEGMENTS COVERED | Type Outlook, Temperature Type Outlook, Application Outlook |
| KEY MARKET OPPORTUNITIES | Expansion of e-commerce logistics, Growing demand for fresh produce, Increased food safety regulations, Advancements in refrigeration technology, Rise of pharmaceutical cold chain |
| KEY MARKET DYNAMICS | Rising food demand, Technological advancements, Regulatory compliance challenges, Growing e-commerce, Increased environmental sustainability initiatives |
| COUNTRIES COVERED | Canada |
Frequently Asked Questions (FAQ) :
The Canada Cold Storage Market is projected to be valued at 19.63 USD Billion in 2024.
By 2035, the Canada Cold Storage Market is expected to reach a value of 24.0 USD Billion.
The anticipated CAGR for the Canada Cold Storage Market from 2025 to 2035 is 1.844 percent.
The Refrigerated Warehouse segment holds the highest market value at 10.0 USD Billion in 2024.
The Refrigerated Transport segment is projected to be valued at 12.0 USD Billion by 2035.
Key players in the Canada Cold Storage Market include Kuehne + Nagel, Congebec, and Americold Logistics.
Growth opportunities are being driven by the increasing demand for refrigerated warehousing and efficient transport solutions.
Challenges include rising operational costs and the need for technology upgrades in cold storage facilities.
In 2024, refrigerated warehousing accounts for a market value of 10.0 USD Billion, compared to 9.63 USD Billion for refrigerated transport.
Regional demand significantly influences the growth of the market, particularly in urban areas with high food distribution needs.
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