Singapore Cold Storage Market Size & Outlook, 2023-2030

The cold storage market in Singapore is expected to reach a projected revenue of US$ 4.4 million by 2030. A compound annual growth rate of 19.7% is expected of Singapore cold storage market from 2024 to 2030.
Revenue, 2023 (US$M)
$1.3
Forecast, 2030 (US$M)
$4.4
CAGR, 2024 - 2030
19%
Report Coverage
Singapore

Singapore cold storage market highlights

  • The Singapore cold storage market generated a revenue of USD 1.3 million in 2023 and is expected to reach USD 4.4 million by 2030.
  • The Singapore market is expected to grow at a CAGR of 19.7% from 2024 to 2030.
  • In terms of segment, private & semi private 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 2023USD 1.3 million
Market revenue in 2030USD 4.4 million
Growth rate19.7% (CAGR from 2023 to 2030)
Largest segmentPrivate & semi private
Fastest growing segmentPublic
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPrivate & semi private, Public
Key market players worldwideAmericold 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, Singapore accounted for 0.8% 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 Asia Pacific, India cold storage market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 22.6 million by 2030.

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Cold Storage Market Companies

Name Profile # Employees HQ Website

Singapore 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.


Private & semi private was the largest segment with a revenue share of 69.23% in 2023. Horizon Databook has segmented the Singapore cold storage market based on private & semi private, public covering the revenue growth of each sub-segment from 2018 to 2030.


The cold storage market in Singapore is developing rapidly. It comprises transporting, storing, and distributing temperature-sensitive products, including food and beverages, pharmaceuticals, and other perishable products.

The market is driven by various factors, including changing consumer preferences, increasing demand for fresh and frozen foods, and the growth of e-commerce. Consumers increasingly seek fresh, healthy, locally sourced foods and are willing to pay a premium price for high-quality products.

This has increased the demand for cold storage logistics services as companies seek to ensure that their products are delivered to consumers in optimal conditions.

Reasons to subscribe to Singapore cold storage market databook:

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Target buyers of Singapore cold storage market databook

  • Our clientele includes a mix of cold storage market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Singapore cold storage market , including forecasts for subscribers. This country databook contains high-level insights into Singapore cold storage market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Singapore cold storage market size, by warehousea type, 2018-2030 (US$M)

Singapore Cold Storage Market Outlook Share, 2023 & 2030 (US$M)

Singapore cold storage market size, by warehousea type, 2018-2030 (US$M)

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