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    Canada Cold Storage Market

    ID: MRFR/PNT/42366-HCR
    111 Pages
    Snehal Singh
    September 2025

    Canada Cold Storage Market Research Report By Type Outlook (Refrigerated Warehouse, Refrigerated Transport), By Temperature Type Outlook (Frozen, Chilled) and By Application Outlook (Dairy and Frozen Desserts, Fish, Meat and Seafood Products, Bakery and Confectionery Products, Fruit Vegetables, Others)- Forecast to 2035

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    Canada Cold Storage Market Research Report - Forecast by 2035 Infographic
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    Canada Cold Storage Market Summary

    The Canada Cold Storage market is projected to grow from 3500 USD Million in 2024 to 5200 USD Million by 2035.

    Key Market Trends & Highlights

    Canada Cold Storage Key Trends and Highlights

    • The market is expected to expand at a compound annual growth rate of 3.66 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 5200 USD Million, indicating robust growth potential.
    • In 2024, the market is valued at 3500 USD Million, reflecting a solid foundation for future expansion.
    • Growing adoption of advanced refrigeration technologies due to increasing demand for food safety is a major market driver.

    Market Size & Forecast

    2024 Market Size 3500 (USD Million)
    2035 Market Size 5200 (USD Million)
    CAGR (2025 - 2035) 3.66%

    Major Players

    Royal Bank of Canada (CA), Toronto-Dominion Bank (CA), Enbridge Inc (CA), Suncor Energy Inc (CA), Shopify Inc (CA), Canadian National Railway (CA), BCE Inc (CA), Thomson Reuters Corporation (CA), Barrick Gold Corporation (CA)

    Canada Cold Storage Market Trends

    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.

    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.

    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.

    Get more detailed insights about Canada Cold Storage Market Research Report - Forecast by 2035

    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 market include

    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.

    Market Segmentation

    Cold Storage Market Type Outlook

    • Frozen

    Cold Storage Market Application Outlook

    • Dairy and Frozen Desserts
    • Fish, Meat and Seafood Products
    • Bakery and Confectionery Products
    • Fruit Vegetables
    • Others

    Cold Storage Market Type Outlook Insights

    Cold Storage Market Temperature Type Outlook

    • Dairy and Frozen Desserts

    Cold Storage Market Application Outlook Insights

    • Refrigerated Warehouse

    Cold Storage Market Temperature Type Outlook Insights

    Report Scope

    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

    FAQs

    What is the projected market size of the Canada Cold Storage Market by 2024?

    The Canada Cold Storage Market is projected to be valued at 19.63 USD Billion in 2024.

    What is the expected market size for the Canada Cold Storage Market by 2035?

    By 2035, the Canada Cold Storage Market is expected to reach a value of 24.0 USD Billion.

    What is the anticipated compound annual growth rate (CAGR) for the Canada Cold Storage Market from 2025 to 2035?

    The anticipated CAGR for the Canada Cold Storage Market from 2025 to 2035 is 1.844 percent.

    Which segment of the Canada Cold Storage Market has the highest value in 2024?

    The Refrigerated Warehouse segment holds the highest market value at 10.0 USD Billion in 2024.

    What is the projected value of the Refrigerated Transport segment by 2035?

    The Refrigerated Transport segment is projected to be valued at 12.0 USD Billion by 2035.

    Who are the key players in the Canada Cold Storage Market?

    Key players in the Canada Cold Storage Market include Kuehne + Nagel, Congebec, and Americold Logistics.

    What opportunities are driving growth in the Canada Cold Storage Market?

    Growth opportunities are being driven by the increasing demand for refrigerated warehousing and efficient transport solutions.

    What challenges does the Canada Cold Storage Market currently face?

    Challenges include rising operational costs and the need for technology upgrades in cold storage facilities.

    How significant is the market share of refrigerated warehousing compared to refrigerated transport in 2024?

    In 2024, refrigerated warehousing accounts for a market value of 10.0 USD Billion, compared to 9.63 USD Billion for refrigerated transport.

    What impact does regional demand have on the growth of the Canada Cold Storage Market?

    Regional demand significantly influences the growth of the market, particularly in urban areas with high food distribution needs.

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    Customer Stories

    “I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

    Victoria Milne Founder
    Case Study

    Chemicals and Materials