Sri Lanka Cold Storage Warehouse Market is projected to grow at a CAGR of 10.2% in revenue from 2025 to 2031

Large-scale Refrigerated Warehouses by Facility Type held the highest revenue share in Sri Lanka Cold Storage Warehouse Market -6Wresearch

Large-scale refrigerated warehouses dominated the market as they were best suited to handle Sri Lanka’s growing volume of bulk imports, particularly dairy and frozen food, which require extended storage. These facilities offered the scale and compartmentalization needed to manage diverse product categories efficiently under strict temperature control. Importers and distributors preferred large centralized warehouses for better inventory management, cost optimization, and streamlined last-mile logistics. The scale and flexibility of these facilities made them the preferred choice for national-level cold storage.

According to 6Wresearch, the Sri Lanka Cold Storage Warehouse Market is projected to grow at a CAGR of 10.2% in revenue from 2025 to 2031F. Sri Lanka’s cold storage warehouse market grew during 2021-2024, driven by urbanization growth, which has boosted demand for perishable foods. This growth fueled the need for dependable cold storage facilities to preserve the quality of fresh produce, dairy, seafood, and pharmaceuticals. In 2021, medical and pharmaceutical imports reached, which highlight the need for warehouse facilities for preserving these pharmaceutical products.

Additionally, as of 2024, Sri Lanka’s pharmaceutical manufacturing, producing products and covering government essential medicines, has increased demand for cold storage facilities to maintain product integrity throughout the supply chain. Furthermore, the National Export Strategy focused on developing the processed food and beverage sector, turning it into a major export industry. Sri Lanka’s participation in the 2025 International Food & Drink Event in London further promoted its export-oriented policies in this industry, driving the expansion of cold storage warehouse facilities to support growing demand.

During 2025-2031, Sri Lanka’s cold storage warehouse market is projected to grow, supported by government initiatives such as the National Export Development Plan (2025–2029), which aims to expand export capacity and improve market access. The pharmaceutical sector’s local manufacturing, would increase demand for reliable cold storage warehouse to stores these large amount of pharmaceuticals products.

Additionally, growing digitalization is making consumers more accustomed to online grocery and pharmaceutical purchases, supported by government efforts such as the government’s investment in digital transformation in 2025, aimed at generating in digital economy revenue, along with the rise of e-commerce platforms such as UberEats, Union Chemists, Asiri Surgical Hospital Pharmacy, and Health Guard Pharmacy would drive increased demand for advanced cold storage warehouses to effectively manage the rising need of perishable goods.

According to Bhawna, Senior Research Analyst, 6Wresearch, the food and beverages segment held the highest market size as it dominates cold storage demand across frozen meat, seafood, dairy, fruits, and beverages. Rising urban consumption and foodservice expansion fueled the need for both chilled and frozen storage solutions.

Sri Lanka Cold Storage Warehouse Market (2025-2031) report provides an in-depth analysis with 16 figures and 4 tables, covered in 69 pages. The report thoroughly covers market by facility type, by temperature range, by ownership and by application. Sri Lanka Cold Storage Warehouse Market outlook report provides an unbiased and detailed analysis of the on-going Sri Lanka Cold Storage Warehouse Market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.