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