Mexico Cold Storage Market by Region – Global Opportunities & Forecast, 2020-2027

Mexico Cold Storage Market

The GMI Research anticipates that the Mexico Cold Storage Market will undergo a remarkable surge over the forecast period. This is because of the rapidly accelerating urban population and consumers' changing tastes and preferences.

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Mexico Cold Storage Market Dynamics

The growth in the Mexican cold storage market is guided by the augmenting demand for biodegradable goods such as dairy items, fruits, vegetables, seafood, and processed items. Cold storage can adjust the temperature to monitor the moisture content in the products and offers an elongated shelf life to putrescible goods which include, frozen, confectionery, and fresh agricultural products. Also, the growing demand for healthy and nutritious food items will strengthen the market growth. The rising number of pharmaceutical, bakery, cosmetic, food & beverage, and confectionery industries has elevated the market size.

Moreover, the rising mechanization in warehouse management, modernization in refrigerated storage and transport systems have propelled the market growth. The application of supervision components which include tracking devices, sensors, telematics, RFID devices, data loggers, tracking devices, and networking instruments to enhance the functioning of refrigerated storage, will proffer considerable opportunities to the market. Also, e-commerce channels have gained a huge prominence among buyers to purchase groceries. Besides this, several leading producers are emphasizing introducing environment-friendly storage systems to certify minimum wastage by controlling the spoilage of products. Thus, this is another important reason behind the market growth. However, the inadequate accessibility of competent labor required to implement and maintain technologies such as tracing systems and sophisticated automation software in cold storage facilities will restrain the market growth.

Construction Segment Drivers

On the basis of construction, the cold storage market can be bifurcated into production stores, bulk storage, and ports. Amongst which, the bulk store segment is anticipated to experience robust growth over the forecast period. This is because of the rising demand for bulk cold storage to store vegetables and fruits, cooking ingredients, flour, and canned goods, preventing them from spoilage.

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GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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Posted in Other on January 22 at 02:59 AM

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