- Summary
- Table Of Content
- Methodology
Cryogenic Freezers Market Size:
Cryogenic freezers market size is estimated to reach over USD 1,902.48 Million by 2032 from a value of USD 1,143.60 Million in 2024, growing at a CAGR of 6.6% from 2025 to 2032.
Cryogenic Freezers Market Scope & Overview:
Cryogenic freezers are specialized storage systems designed to maintain low temperatures typically range between -150°C and -273°C using cryogenic gases like liquid nitrogen or liquid carbon dioxide. It includes different types such as tunnel freezer, IQF freezer, immersion freezer, spiral freezer, and others. Cryogenic freezers possess distinct properties such as high precision, durability, and extremely low temperatures. Due to their rapid freezing and anti-microbial properties, cryogenic freezers are widely used in industries such as food and beverages, healthcare & pharmaceuticals, automotive, chemicals, and others. There are several advantages of using cryogenic freezers such as rapid freezing capability, better preservation of materials, and lower maintenance requirements, further driving cryogenic freezers market expansion.
Cryogenic Freezers Market Dynamics - (DRO) :
Key Drivers:
Rising Incorporation of Cryogenic Freezers for Storage of Vaccine is driving the Market
A vaccine is a biological preparation that provides active acquired immunity to a particular infectious or malignant disease. Cryogenic freezers are used for the storage of vaccine to maintain its stability and efficacy. The adoption of vaccine is rising due to several factors such as improved vaccine safety, rising preventive healthcare awareness, and government funding, further boosting the cryogenic freezers market.
- In 2021, according to World Health Organization, global vaccine supply increased by 175% from the year 2019. Cryogenic freezers utilize low temperatures achieved through cryogenic gases like nitrogen and carbon dioxide to maintain the viability and efficacy of vaccine during transportation.
Thus, rising adoption of vaccine is leading to cryogenic freezers market demand due to need for advanced storage solution to maintain the stability and efficacy of vaccine.
Integration of Internet of Things Technology in Cryogenic Freezers is creating Market Demand
The internet of things (IoT) is a technology with a network of interrelated devices that connect and exchange data with other IoT devices and the cloud. In cryogenic freezers, IoT accurately identifies and records the storage positions of samples according to the sample tags and via the scanning system. Further, in cryogenic freezers, IoT enhances the access and security of storage samples, thus greatly reducing their time costs.
- In 2022, Haier Biomedical launched cryogenic freezer by combining cryogenic storage and IoT technology. It is designed with an IoT monitoring module and an intelligent IoT sample management system which monitors the cabinet temperature and storage positions of samples in real-time.
Thus, integration of internet of things technology is leading to cryogenic freezers market expansion, by enhancing the access and real-time monitoring of storage samples.
Key Restraints:
Stringent Environmental Regulations is constraining the Cryogenic Freezers Market Growth
Environmental regulations are significant restrain the market, as they require stringent compliance during manufacturing, usage and disposal properties. Regulatory frameworks such as REACH (Registration, Evaluation, Authorization and Restriction of Chemicals) in Europe and Environmental Protection Agency (EPA) in United States and others are imposing regulations on cryogenic freezers manufacturers. It imposes regulations to limit emission, manage chemical waste and ensure product safety standards which increases operational cost for the manufacturers. Additionally, the cryogenic freezers production rely on gases like nitrogen and carbon dioxide, which causes carbon emission. With the growing focus on sustainability, the manufacturers are required to adopt eco-friendly practices, invest in cleaner technologies and explore renewable sources. This results in high investment costs and delays in the production process. Thus, environmental regulations are restraining the cryogenic freezers market growth, due to regulatory standards and high cost.
Future Opportunities :
Growing Consumption of Seafood is expected to create Cryogenic Freezers Market Opportunities
Seafood comprises edible aquatic animals including both ocean and freshwater creatures such as fish, shrimp, octopus, and others. Cryogenic freezers are used to store seafood items like shrimps, clams, crabs, mussels and others to minimize contamination risks for safe handling and distribution. The consumption of seafood is growing driven by population growth, increased wealth and shifting consumption patterns, further creating market opportunities.
- In 2024, according to Government of India, India has witnessed a significant growth of 30.81% in seafood exports from 2020 to 2024. Cryogenic freezers are widely used for the storage of seafood to retain its natural flavor, nutrients and moisture. It uses cryogenic gases like nitrogen or carbon dioxide to deploy low temperatures for quick freezing of seafood to minimize contamination and microbial growth.
Thus, growing consumption of seafood is expected to create cryogenic freezers market opportunities due to the need for lowering contamination risks and advanced storage solution.
Cryogenic Freezers Market Segmental Analysis :
By Product Type:
By product type, the market is divided into tunnel freezer, IQF freezer, immersion freezer, spiral freezer, and others.
Trends in Product Type:
- According to cryogenic freezers market trends, spiral freezer is widely for freezing items like stem-cells, blood samples, and vaccines due to their high freezing capacity.
- The use of IQF freezer is growing in the market due to rapid freeing capability as per market trends.
The tunnel freezer accounted for the largest market share in the year 2024.
- A tunnel freezer is a type of cryogenic freezer designed for continuous, high-volume freezing where products pass through a tunnel filled with cryogenic gases like liquid nitrogen or carbon dioxide.
- It typically consists of an insulated enclosure equipped with a conveyor belt system that transports products through a controlled freezing zone.
- In the healthcare & phramaceuticals, tunnel freezers play a critical role in preserving pharmaceutical products, biologics, medical supplies, and others.
- Its ability to achieve ultra –low temperatures quickly ensure the stability and efficiency of sensitive materials such as vaccine, blood plasma and biologics used in therapies.
- Tunnel freezer is also used for preserving food products such as meat, seafood, and vegetables for maintaining texture, taste and quality of food products.
- Thus, tunnel freezer is widely used cryogenic freezer for continuous, high-volume freezing of products such as biologics, medical supplies, seafood, and others.
The IQF freezer is expected to grow at the fastest CAGR over the forecast period.
- IQF (individually quick freezer) is a type of cryogenic freezer that is designed to rapidly freeze individual items without allowing them to clump together.
- It is widely used in food and beverages to preserve the food items like vegetables, fruits, meats, and others to retain their texture, flavor and nutritional value.
- Due to increasing preference for frozen food items, companies are largely investing in the production of IQF.
- For instance, in 2023, FRoSTA AG collaborated with Starfrost to boost the production capacity of IQF by 20%. The IQF provided by Starfrost incorporates fluidized technology that enables rapid freezing without compromising on product quality.
- Thus, use of IQF is growing significantly, especially for preserving food items like vegetables, fruits, meats, and others to retain their texture and taste as per market trends.
By End-Use Industry:
By end-use industry, the market is divided into food and beverages, healthcare & pharmaceuticals, chemicals, and others.
Trends in End-Use Industry:
- According to cryogenic freezers market trends, cryogenic freezers are widely used in in food and beverages to maintain quality and texture of food items as per market trends.
- Use of cryogenic freezers is rising in healthcare & pharmaceuticals to preserve the biological materials like blood, plasma, organs, and vaccines.
The food and beverages industry accounted for the largest market share of 56.78% in the year 2024.
- The food and beverages industry includes all the companies involved in transforming raw agricultural goods into consumer food products.
- Cryogenic freezers, particularly IQF is widely used in food and beverages to boost productivity and streamline food processing operations while reducing costs.
- It helps to maintain proper food temperatures essential for food quality, preservation and food safety.
- Due to increasing preference for fresh food items like fruits, vegetables, poultry and baked foods, companies are largely investing in the IQF processing to retain the freshness and quality of these food items.
- For instance, in 2024, Mekong Delta Gourmet partnered with OctoFrost to boost their IQF processing of tropical fruits near Ho Chi Minh City, Vietnam. OctoFrost’s IQF freezer is specifically used by Mekong Delta Gourmet to preserve tropical fruits, providing significant cost benefits over the competitors.
- Thus, cryogenic freezer is widely used in the food and beverages to boost the productivity and retaining freshness of food items.
The healthcare & pharmaceuticals expected to grow at the fastest CAGR over the forecast period.
- Use of cryogenic freezer is growing in the healthcare and pharmaceuticals to preserve the biological materials like blood, plasma, organs, vaccines and others.
- It typically uses low temperatures achieved through cryogenic gases like carbon dioxide and nitrogen to maintain the quality and shelf life of biological materials.
- Further, cryogenic freezer is also used in gene and cell therapy to store the cells and maintaining their integrity for treatments in rheumatoid arthritis, diabetes, and Alzheimer's disease.
- Thus, use of cryogenic freezer is growing in the healthcare and pharmaceuticals to preserve blood, plasma organs, vaccines and other biological material by maintaining their shelf life as per market trends.
Regional Analysis:
The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
In 2024, North America accounted for the highest market share at 42.31% and was valued at USD 483.86 Million and is expected to reach USD 777.47 Million in 2032. In North America, United States accounted for the highest market share of 74.60% during the base year of 2024.
The cryogenic freezers market share of North America is significant due to well-established healthcare infrastructure and advanced manufacturing technologies. The region is growing in terms of biotechnology research and cell gene therapies in which cryogenic freezers are essential for the storage of cells, plasma, organs and blood to maintain their integrity and efficacy. Countries like United States, Canada, and Mexico are major contributors in the region due to expanding frozen food sector and rising healthcare investments. Additionally, the growing preference for frozen food items like vegetables, poultry, and fruits, companies in this region are largely investing in the manufacturing capabilities of cryogenic freezers.
- In 2024, Standex International Corporation acquired Michigan-based advanced cryogenic equipment manufacturer Custom Biogenic Systems (CBS). It includes investment of USD 6.2 million to expand the manufacturing capabilities of cryogenic freezers within North America.
Thus, North America is leading in the market due to expanding biotechnology and frozen food sectors as per market analysis.
Asia-pacific is expected to witness the fastest CAGR of 7.5% over the forecast period of during 2025-2032. As per cryogenic freezers market analysis, Asia-Pacific region is experiencing significant growth, driven by increasing demand for vaccines, biological materials and frozen food products. The region’s expanding healthcare infrastructure, along with rising investments in biopharmaceuticals and biotechnology, is accelerating the adoption of cryogenic freezers for vaccine storage, organ preservation and cell-based therapies.
Countries like China, India, and Japan are major contributors in the region with large scale vaccination campaigns, research initiatives and advancement in personalized medicine. Additionally, the growing adoption of frozen food products due to changing lifestyle and urbanization is boosting the market. The rapid development of cold chain logistics and improved healthcare access in the rural areas is further accelerating the market in the region. Thus, cryogenic freezers market share of Asia-Pacific is growing due to expanding healthcare infrastructure and large-scale vaccination campaigns as per analysis.
According to cryogenic freezers market analysis, Europe region is experiencing steady growth in the market due to increasing demand in the healthcare, pharmaceuticals and food industries. With an expanding biopharmaceutical sector Europe is leading in the vaccine research and production, requiring advanced storage solutions like cryogenic freezers. The rising adoption of personalized medicine and cell base therapies fuels the need for cryogenic storage, especially in research labs and hospitals. Countries like Germany, United Kingdom, and France are major contributors in the region due to their robust healthcare and advanced food processing sectors. Additionally, the region’s growing focus on food safety and preference for high-quality frozen food products like vegetables, poultry, and others are driving the market in the region.
The Middle East and Africa region is experiencing significant proliferation in the market, driven by advancements in healthcare, pharmaceuticals, and food processing. The increasing demand for biopharmaceuticals, vaccines, and advanced medical treatment is enhancing the adoption of cryogenic freezers in the healthcare and pharmaceuticals sectors. With the ongoing vaccination campaigns and need for ultra-low temperature storage, especially for vaccines and biologics, cryogenic technology plays significant role in maintaining product efficacy and safety. Additionally, the food & beverages sector is increasingly adopting cryogenic freezing solutions for frozen food products such as cheese, pizza and meat, further boosting the market in the region as per analysis.
As per market analysis, Latin America is experiencing moderate growth in the market, driven by increasing demand from the healthcare, pharmaceuticals, and food industries. The region’s expanding biopharmaceutical sectors, particularly in Brazil, Mexico, and Argentina is a key driver, as cryogenic freezers are essential for vaccine storage, biologics preservation, and cell therapy research. Additionally, rising investments in healthcare infrastructure and cold chain logistics is further fueling the cryogenic freezers market demand in the region. The proliferation of frozen food sector, fueled by urbanization and changing consumer preferences, also boost the market proliferation. However, high investment cost and limited technological penetration in smaller economies is restraining the market in the region.
Top Key Players and Market Share Insights:
The cryogenic freezers industry is highly competitive with major players providing products to the national and international markets. Key players are adopting several strategies in research and development (R&D) and product innovation to hold a strong position in the global cryogenic freezers market. Key players in the cryogenic freezers industry include-
- Thermo Fisher Scientific Inc. (United States)
- Arctiko (Denmark)
- Froilabo (France)
- Taylor-Wharton (United States)
- Aucma Global Medical Co., Ltd. (China)
- PHC Holdings Corporation (Japan)
- Air Products and Chemicals, Inc. (United States)
- Helmer Scientific Inc. (United States)
- Chart Industries (United States)
- DSI DANTECH A/S (Denmark)
Recent Industry Developments :
Launches:
- In 2024, DSI DANTECH launched new cryogenic Freshline® tunnel freezer. It features smart technology which monitors tunnel settings and key operating parameters, through its sensors and wireless communication.
- In 2022, Messer launched cryogenic freezer named as Wave Impingement Freezer at 2022 International Baking Industry Exposition (IBIE) to increase production up to 50% for foods like pasta, inclusions or pizza toppings. It combines the efficiency of nitrogen impingement freezing with an adjustable wave-action to improve product quality and reduce labor requirements.
Cryogenic Freezers Market Report Insights :
| Report Attributes | Report Details |
| Study Timeline | 2019-2032 |
| Market Size in 2032 | USD 1,902.48 Million |
| CAGR (2025-2032) | 6.6% |
| By Product Type |
|
| By End-Use Industry |
|
| By Region |
|
| Key Players |
|
| North America | U.S. Canada Mexico |
| Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
| APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
| Middle East and Africa | GCC Turkey South Africa Rest of MEA |
| LATAM | Brazil Argentina Chile Rest of LATAM |
| Report Coverage |
|
Key Questions Answered in the Report
How big is the cryogenic freezers market? +
In 2024, the cryogenic freezers market is USD 1,143.60 Million.
Which is the fastest-growing region in the cryogenic freezers market? +
Asia-pacific is the fastest-growing region in the cryogenic freezers market.
What specific segmentation details are covered in the cryogenic freezers market? +
Product type and end-use industry are covered in the cryogenic freezers market.
Who are the major players in the cryogenic freezers market? +
Thermo Fisher Scientific Inc. (United States), Arctiko (Denmark), and PHC Holdings Corporation (Japan) are some of the major players in the market.
