Cold storage construction market seen reaching $26.2B by 2031

By AI, Created 11:21 AM UTC, June 02, 2026, /AGP/ – Allied Market Research says the global cold storage construction market is on track to grow from $9.1 billion in 2021 to $26.2 billion by 2031, driven by demand for perishable goods, online grocery, and healthcare infrastructure. Asia-Pacific leads the market now and is projected to stay the fastest-growing region through 2031.

Why it matters: - Cold storage construction is becoming a core piece of food security, pharmaceutical distribution and supply chain resilience. - Allied Market Research projects the market will more than double over the next decade, signaling sustained demand for temperature-controlled storage capacity. - Growth in e-commerce grocery, food delivery and healthcare infrastructure is expanding the need for new facilities across regions. - The report also points to rising global movement of perishable goods as a structural driver.

What happened: - Allied Market Research released a report on the global cold storage construction market on June 2, 2026. - The report values the market at $9.1 billion in 2021. - The market is forecast to reach $26.2 billion by 2031. - That implies a 10.6% CAGR from 2022 to 2031. - The report covers storage type, warehouse type, end user and region. - Download the sample report.

The details: - Production stores held nearly half of the market in 2021 and are expected to remain the largest storage-type segment through 2031. - The report links production-store demand to protection of raw materials and semi-finished products during the production process. - The others segment is projected to post the fastest storage-type CAGR at 10.8% from 2022 to 2031, driven by demand for frozen food stores and controlled-atmosphere cold stores. - Public warehouses accounted for more than three-fourths of the market in 2021 and are expected to keep the lead through 2031. - The public-warehouse segment is supported by higher disposable income and government policies tied to e-commerce. - Private and semi-private warehouses are projected to grow the fastest at 10.9% CAGR from 2022 to 2031. - Food, medicine and chemicals are key temperature-sensitive products driving private and semi-private warehouse demand. - Food and beverages represented more than two-fifths of end-user demand in 2021 and are projected to remain the largest end-user segment. - Food and beverages are expected to grow at the fastest segment CAGR of 11.0% from 2022 to 2031. - Asia-Pacific held nearly two-fifths of global revenue in 2021 and is expected to remain the dominant region through 2031. - Asia-Pacific is also forecast to be the fastest-growing region at 11.2% CAGR from 2022 to 2031. - The report names VersaCold Logistics Services, Tippmann Group, Americold Realty Trust, Burris Logistics, Primus Builders, Emergent Cold LatAm Management, NewCold, Lineage Logistics Holdings, United States Cold Storage and Hansen Cold Storage Construction as leading players. - The report says those companies are using launches, collaborations, expansion, joint ventures and agreements to expand market share. - Purchase the report. - Submit a purchase inquiry.

Between the lines: - The market forecast reflects a mix of consumer demand and policy support, not just industrial buildout. - The fastest-growing segments are tied to more fragmented, higher-value use cases, including frozen foods, controlled-atmosphere storage and temperature-sensitive medicines. - The pandemic briefly disrupted construction activity, but the market recovered by the end of 2021 as projects restarted. - Competition appears to be shifting toward capacity expansion and portfolio growth rather than purely stand-alone construction wins.

What’s next: - The report expects production stores and public warehouses to keep their leadership positions through 2031. - The strongest growth is likely to come from private and semi-private warehouses, the food and beverage segment and Asia-Pacific. - Continued growth in online grocery, takeaways and healthcare investment should keep cold storage construction demand elevated. - Allied Market Research also listed related industry reports on incinerator, spiral freezer, concrete repair mortar, retort packaging and automated material handling equipment markets.

The bottom line: - Cold storage construction is moving from a niche infrastructure category to a broad growth market tied to how food, medicine and other perishables move worldwide.