Top 5 Companies Dominating the United States Cold Storage Market Landscape

The United States cold storage market size reached a value of around USD 18.77 billion in 2023. The market is projected to grow at a CAGR of 4.30% in the forecast period of 2024-2032 to reach around USD 27.34 billion by 2032. As per the analysis by Expert Market Research, the market is expected to be driven by the growing demand for frozen food and beverages, and pharmaceuticals.

The United States has a significant demand for frozen foods, driven by the busy lifestyles of consumers and the growing working population. In 2023, frozen meals and desserts were the largest frozen food categories, generating USD 26.6 billion and USD 15.4 billion, respectively. In 2023, the frozen food sales in the U.S. accounted for around USD 74.2 billion. Additionally, the growth in meat and dairy demand necessitates the adoption of temperature-controlled settings to preserve their shelf life and nutritional value. As of January 2024, the average U.S. resident consumes 224.6 pounds of meat, annually.

Cold storage is crucial in the pharmaceutical industry, safeguarding the safety, efficacy, and integrity of numerous drugs and vaccines. As of 2024, the United States is the largest pharmaceutical market globally, with the presence of over 5,000 pharmaceutical companies, which is supporting the United States cold storage market growth. 

The incorporation of robust engineering solutions and automation enhances the storage facility, providing safety and precision. Technologies, such as cloud-based cold chain management, RFID technology, and real-time temperature monitoring, are helping the players to efficiency manage their cold storage operations. Retailers such as Walmart, Inc. and Costco have already incorporated RFID technology in their supply chain operations. 

In February 2024, United States Cold Storage Inc. invested USD 75.7 million to complete an 8.56 million-cubic-foot refrigerated addition at its Tulare North warehouse in Tulare by February 2025. The company aims to incorporate the industry's latest storage and retrieval automation to broaden its manufacturing capabilities.

Figure: Top 10 States for Industrial Cold Storage Cubic Feet (Million), 2022

Top 5 Cold Storage Companies in the United States:

Americold Logistics LLC

Americold Logistics stands as one of the leading cold storage companies, providing technology-based engineered solutions for the temperature-controlled supply chain industry. The company owns relevant industry affiliations from organisations including American Frozen Food Institute (AFFI), Council of Supply Chain Management Professionals (CSCMP), and global cold chain alliance, among others. The company provides comprehensive cold storage, supply chain management, and transportation solutions for industries such as food and pharmaceuticals.

Burris Logistics, Inc.

It is a third-party logistics company providing partnerships for dependable supply chain management across different industries. The company provides services including foodservice redistribution, freight management, and information technology to prominent companies such as Honor Foods and Trinity Logistics.

Lineage Logistics Holdings, LLC

The company is a leading global provider of temperature-controlled logistics solutions. Specialising in supply chain management, the company offers warehousing, distribution, transportation, and automated logistics services, primarily for food products. The company partners with food and beverage companies to help make the cold chain more efficient, sustainable, and reliable. 

United States Cold Storage, Inc.

It is a leading provider of refrigerated warehousing and logistics services in North America. The company operates 43 facilities across 13 states including California, Delaware, Florida, Georgia, Illinois, Indiana, Nebraska, North Carolina, Pennsylvania, Tennessee, Texas, Utah, and Virginia, offering temperature-controlled storage, transportation, and distribution for industries like food and pharmaceuticals.

Wabash National Corporation

Wabash National Corporation is a leading manufacturer of semi-trailers, liquid transportation systems, and engineered products. It offers connected solutions for the transportation, logistics, and distribution industries. The company’s product portfolio includes dry vans, refrigerated trailers, and tank trailers, with a strong focus on sustainability and efficiency in the supply chain.