The Saudi Arabia Cold Storage Market is projected to reach $2,572 Million by 2024 - Foodex Saudi
According to research, Saudi Arabia cold
storage market is projected to reach $2,572 million by 2024. Further, growing
concerns over food wastage and increasing population in Saudi Arabia is
expected to boost the growth of the cold storage market during the forecast
period. Amongst all the verticals, the retail & logistics segment acquired
the highest revenue share of the market. Over the next six years, the
hospitality & healthcare, along with government & transportation
verticals are forecast to grow at a higher CAGR during 2018-2024.
In Saudi Arabia, the Central region held the major market for cold storage systems in terms of revenue on the back of increasing infrastructure development activities, especially in the industrial & manufacturing verticals. The Central region is expected to maintain its market share during the forecast period as well.
Source: Research and Markets