Saudi Arabia Cold Storage Market Size & Outlook, 2023-2030
Saudi Arabia cold storage market, 2018-2030 (US$M)
Related Markets
Saudi Arabia cold storage market highlights
- The Saudi Arabia cold storage market generated a revenue of USD 1.7 million in 2023 and is expected to reach USD 5.4 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 17.6% from 2024 to 2030.
- In terms of segment, public was the largest revenue generating warehousea type in 2023.
- Public is the most lucrative warehousea type segment registering the fastest growth during the forecast period.
Cold storage market data book summary
| Market revenue in 2023 | USD 1.7 million |
| Market revenue in 2030 | USD 5.4 million |
| Growth rate | 17.6% (CAGR from 2023 to 2030) |
| Largest segment | Public |
| Fastest growing segment | Public |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Private & semi private, Public |
| Key market players worldwide | Americold Realty Trust Inc, Adecoagro SA, Burris Logistics, Barloworld Ltd, Lineage Logistics, Oxford Industries Inc, Oceana Group Ltd, Swire Pacific Ltd ADR, United States Cold Storage, JD Logistics Inc, Wabash National Corp |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.1% of the global cold storage market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia cold storage market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 4.4 million by 2030.
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Cold Storage Market Scope
Cold Storage Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia cold storage market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cold storage market will help companies and investors design strategic landscapes.
Public was the largest segment with a revenue share of 82.35% in 2023. Horizon Databook has segmented the Saudi Arabia cold storage market based on private & semi private, public covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia is experiencing rapid population growth, driving the demand for food and pharmaceutical products that require cold storage and transportation. This can be attributed to a combination of factors, including increased life expectancy, higher birth rates, and immigration.
The growing demand for cold storages can also be attributed to the increasing demand for fresh and high-quality food products, particularly among the growing middle class, and the high prevalence of chronic diseases.
The treatment of diseases such as diabetes and cardiovascular diseases requires access to high-quality medications that require cold storage and transportation. The Saudi Arabian government has recognized the importance of the cold storage industry for the country's economic growth.
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Our clientele includes a mix of cold storage market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia cold storage market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia cold storage market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia cold storage market size, by warehousea type, 2018-2030 (US$M)
Saudi Arabia Cold Storage Market Outlook Share, 2023 & 2030 (US$M)
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