Global Food And Beverage Warehousing Market Size, Share, Opportunities, And Trends By Application (Dairy And Frozen Desserts, Meat, Fish, And Seafood, Beverages, Bakery And Confectionery, Fruits And Vegetables, Others), And Geography - Forecasts From 2024 To 2029

The global food and beverage warehousing market is estimated to be around US$ 198.759 billion in 2022 and is anticipated to grow to US$ 399.353 billion by 2029 at a CAGR of 10.48%.

A food and beverage warehouse generally refers to a specially designed warehouse to store and facilitate food and beverage products. These warehouses are an essential component of the food and beverage products supply chain. Food-grade warehouses include a temperature-controlled environment that helps improve the shelf life of the products.

Food and beverage warehousing offers multiple benefits to retailers and manufacturers in the global market. The food and beverage warehouse provides retailers with an urgent demand for products, as these warehouses collect and store products that can experience a sudden surge in market demand. Similarly, these warehouses protect food and beverage products from the environment, like heat, cold, rain, and others, and offer a temperature-controlled and secure storage space for the food and beverage products.

The global demand for food and beverage warehouses is expected to witness a significant increase with the rise in demand for the food and beverage industry. This warehouse allows the manufacturers to produce the products in bulk quantity and store them in these warehouses for further transitions. Similarly, the increase in the retail trade of food and beverage products is also projected to boost the global food and beverage market forward.

FOOD AND BEVERAGE WAREHOUSE MARKET DRIVERS:

• An increase in the global demand for food and beverage products.

The food and beverage industry in the global market has witnessed a massive boost in recent years, which is also expected to boost the market size of food and beverage warehouses around the globe. For instance, in 2022, India will be among the biggest producers of dairy and milk globally, producing about 24.65% of the global milk in 2021-2022. According to the data published by the AEPDA, under the Ministry of Commerce and Industry of India, the nation produced about 230.58 million tons of milk in 2022-23. The nation’s milk production has increased by about 3.83% since 2021, creating an increasing potential for processing and storing in the dairy industry. Similarly, the export of milk and its products to China has also witnessed a significant boost in the past few years. The milk export of the nation was estimated at US$22.9 million in 2021, which grew to about US$24.7 million in 2022, as recorded by the Observatory of Economic Complexity.

The global food product market has also witnessed a massive increase in recent years. The World Bank data states that the global export of food products reached US$817.802 billion in 2021. In this, the Europe and Central Asia region contributed about US$372.48 billion. The increase in the food products demand in the global market is expected to boost the market size of food and beverage warehouses around the globe.

• Its application is increasing in global retail sales of food and beverage products.

The increase in the global retail sale of food and beverage products, through online or offline mode, is expected to boost the global demand for the food and beverage warehouse industry. The food and beverage retail sales in Canada by the retailers witnessed a growth of about 1.5% in 2023, and the sales of the same increased by about 1.8% in the supermarkets and other retailers. Similarly, the retailer's trade of food services in the USA witnessed an increase of about 2.3% in 2024 from the previous year. According to the US Census, the retail trade of food services achieved about US$ 703 billion in April 2024, an increase of about 0.1% from March 2024.

Food and Beverage Warehouse Market Geographical Outlook

• Asia Pacific is anticipated to hold a significant share of the food and beverage warehouse market.

The Asia Pacific region is expected to attain massive growth in the food and beverage industry. One of the major drivers for the regional food and beverage industry’s growth is forecasted to be the increasing demand for food and beverage products. Asia Pacific is the most populated region in the globe, with the population of India reaching about 1.42 billion and the population of China reaching 1.41 billion. With the increasing population, the demand for food and beverage products is further expected to increase, giving a boost to the food and beverage warehouse industry in the region. Singapore is one of the biggest food and beverage markets. The Singapore Statistical data observes that the nation’s food and beverage sales witnessed an increase of about 17.8% in 2023 from 2022. According to the same data, the total sales of food and beverage products in the nation were estimated to be about US$ 956 million in March 2023.

The increase in regional fish and marine production and consumption is also expected to boost the food and beverage warehouse industry’s expansion in the Asian Pacific market. Fish and fish products are essential products that require specialized storage and shipping. The region is also among the biggest producers and consumers of fish and marine products globally. The fishery products of the region are expanding significantly. As stated by the Ministry of Fisheries, Animal Husbandry & Dairying of the Indian Government, the nation's fish production was recorded at about 17.545 million tons in 2022, contributing about 8% of the global fish production. Similarly, China is among the biggest producers of seafood in the globe, with production recorded to be at 66.9 million tons in 2021. This creates a huge demand for a safe and secure storage solution in the nation, increasing the overall demand for the region's food and beverage warehouse market.

Food and Beverage Warehouse Market Players and Products:

• Lineage Logistics: Lineage Logistics is one of the global leaders that offers various types of warehouse solutions. For the food and beverage industry, the company provides Cold-storage Warehousing, Automated Warehousing, and Fresh & Perishable Solutions, among others
• Oxford Cold Storage: Oxford Cold Storage offers cold storage solutions for food and beverage products. The company operates its 26-hectare site in Laverton North, Victoria, Canada, which has a capacity of about 165,000 pallets of food, meat, and dairy products.

Food and Beverage Warehouse Market Key Developments:

• In June 2024, the Ministry of Cooperation of the Indian Government organized a meeting of the national-level coordination committee to set up the world's largest grain storage facility.

The Food and Beverage Warehouse Market is segmented and analyzed as follows:

• By Application
  • Dairy and frozen desserts
  • Meat, fish, and seafood
  • Beverages
  • Bakery and confectionery
  • Fruits and vegetables
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Others
  • Middle East And Africa
    • Saudi Arabia
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • Others