The global cold storage construction market is projected to reach $10.47 billion by 2021, at a CAGR of 14 percent from 2016 to 2021, according to a report from MarketsandMarkets.

Growth in the global trade of perishable foods, technological advancements in refrigerated storage and transport, and the increase in demand for perishable foods are expected to drive market growth. The report predicts that the food and beverages segment of the cold storage construction market is expected to witness significant growth in the coming years.