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North America Cold Chain Market Size, Share, Analysis: By Service Type: Refrigerated Storage, Refrigerated Transport; By Temperature: Chilled, Frozen; By End Use: Meat and Seafood, Dairy and Frozen Products, Fruits and Vegetables, Bakery and Confectionery, Pharmaceuticals, Others; Regional Analysis; Competitive Landscape; 2024-2032
North America Cold Chain Market Outlook
The North America cold chain market stood at a value of almost USD 116.85 billion in 2023. The industry is further expected to grow at a CAGR of 9.5% over the forecast period of 2024-2032 to attain a value of USD 264.77 billion by 2032.
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The North America cold chain market is majorly driven by a strong growth in the sales of temperature sensitive healthcare products and increased consumption of perishable food items in the region.
Currently, meat and seafood, among other end use sectors, leads the industry in the region, accounting for the majority of market share. The increased consumption of meat and seafood in North America, with the majority of population consuming non vegetarian food products, is supporting the regional industry growth. To preserve these perishable food products, the demand for cold chains is significantly growing in the region.
Within North America, the United States is the leading cold chain market. The United States, being the leading market for temperature sensitive healthcare products like biopharmaceuticals and vaccines, among others, is driving the growth of the industry in North America. This is expected to drive the growth of the cold chain industry over the forecast period in the region.
Market Segmentation
Cold chain logistics refers to a temperature-controlled supply chain, involving a series of refrigerated production, storage, and distribution activities. It also includes equipment that helps to maintain a desired temperature range, thus, ensuring preservation and extension of the shelf life of various temperature sensitive products.
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On the basis of service types, the cold chain industry in North America can be bifurcated into refrigerated storage and refrigerated transport. Refrigerated storage is the leading segment, accounting for a significant industry share.
On the basis of transportation, the refrigerated transport segment is divided into:
- Airways
- Roadways
- Seaways
- Railways
Based on temperature, the industry is categorised as chilled and frozen, where, the chilled cold chain temperature segment leads the industry.
On the basis of end use, the industry is divided into:
- Meat and Seafood
- Dairy and Frozen Products
- Fruits and Vegetables
- Bakery and Confectionery
- Pharmaceuticals
- Others
The report also covers the regional cold chain markets in North America, which are the United States of America and Canada.
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Market Analysis
The increased consumption of meat and sea food and the growing demand for processed food products in North America is driving the growth of the cold chain market in the region. Further, the rising demand for organic food products in the region, owing to increased awareness regarding its consumption, is another factor contributing to the industry growth. The organic trend is closely associated with the cold chain process as the organic products spoil at a much faster rate and, thus, require cold storage facilities.
As temperature variation may lead to the loss of chemical activity, making the drug harmful for human consumption, the demand for cold chain logistics to preserve healthcare products is emerging as a significant factor driving the industry growth. The growth in the number of clinical trials being conducted in the region, involving various temperature sensitive materials such as blood samples, medicines, tissue samples and others, is expected to drive the growth of the cold chain industry in the region over forecast period.
Competitive Landscape
April 2020- Americold Logistics announced the acquisition of Cloverleaf Cold Storage aiming to enhance its market share in the U.S. with the addition of 132 million cubic feet of storage space in 22 facilities.
The report gives a detailed analysis of the following key players in the North America cold chain market, covering their competitive landscape, capacity, and latest developments like mergers and acquisitions, investments, capacity expansions, and plant turnarounds:
- Americold Logistics LLC
- Lineage Logistics Holding, LLC
- United States Cold Storage Inc.
- VersaCold Logistics Services
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Service Type |
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| Breakup by Temperature |
|
| Breakup by End Use |
|
| Breakup by Country |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Market Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 North America Cold Chain Market Analysis
8.1 Key Industry Highlights
8.2 North America Cold Chain Historical Market (2018-2023)
8.3 North America Cold Chain Market Forecast (2024-2032)
8.4 North America Cold Chain Market by Service Type
8.4.1 Refrigerated Storage
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Refrigerated Transport
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 Breakup by Transport Type
8.4.2.3.1 Airways
8.4.2.3.2 Roadways
8.4.2.3.3 Seaways
8.4.2.3.4 Railways
8.5 North America Cold Chain Market by Temperature
8.5.1 Chilled
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Frozen
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 North America Cold Chain Market by End Use
8.6.1 Meat and Seafood
8.6.1.1 Historical Trend (2018-2023
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Dairy and Frozen Products
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Fruits and Vegetables
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Bakery and Confectionery
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Pharmaceuticals
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
8.7 North America Cold Chain Market by Country
8.7.1 United States of America
8.7.2 Canada
9 Regional Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023
9.1.2 Forecast Trend (2024-2032)
9.1.3 Market Breakup by Service Type
9.1.4 Market Breakup by Temperature
9.1.5 Market Breakup by End Use
9.2 Canada
9.2.1 Historical Trend (2018-2023
9.2.2 Forecast Trend (2024-2032)
9.2.3 Market Breakup by Service Type
9.2.4 Market Breakup by Temperature
9.2.5 Market Breakup by End Use
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players Market Share
12.2.1 AmeriCold Logistics LLC
12.2.1.1 Company Profiles
12.2.1.2 Company Overview
12.2.1.3 Product Portfolio
12.2.1.4 Demographic Reach and Achievements
12.2.1.5 Financial Summary
12.2.1.6 Certifications
12.2.2 Lineage Logistics Holding, LLC
12.2.2.1 Company Profiles
12.2.2.2 Company Overview
12.2.2.3 Product Portfolio
12.2.2.4 Demographic Reach and Achievements
12.2.2.5 Financial Summary
12.2.2.6 Certifications
12.2.3 United States Cold Storage, Inc.
12.2.3.1 Company Profiles
12.2.3.2 Company Overview
12.2.3.3 Product Portfolio
12.2.3.4 Demographic Reach and Achievements
12.2.3.5 Financial Summary
12.2.3.6 Certifications
12.2.4 VersaCold Logistics Services
12.2.4.1 Company Profiles
12.2.4.2 Company Overview
12.2.4.3 Product Portfolio
12.2.4.4 Demographic Reach and Achievements
12.2.4.5 Financial Summary
12.2.4.6 Certifications
12.2.5 Others
13 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Cold Chain Market: Key Industry Highlights, 2018 and 2032
2. North America Cold Chain Historical Trend: Breakup by Service Type (USD Billion), 2018-2023
3. North America Cold Chain Forecast Trend: Breakup by Service Type (USD Billion), 2024-2032
4. North America Cold Chain Historical Trend: Breakup by Temperature (USD Billion), 2018-2023
5. North America Cold Chain Forecast Trend: Breakup by Temperature (USD Billion), 2024-2032
6. North America Cold Chain Historical Trend: Breakup by End Use (USD Billion), 2018-2023
7. North America Cold Chain Forecast Trend: Breakup by End Use (USD Billion), 2024-2032
8. North America Cold Chain Historical Trend: Breakup by Country (USD Billion), 2018-2023
9. North America Cold Chain Forecast Trend: Breakup by Country (USD Billion), 2024-2032
10. United States Cold Chain Historical Trend: Breakup by Service Type (USD Billion), 2018-2023
11. United States Cold Chain Forecast Trend: Breakup by Service Type (USD Billion), 2024-2032
12. United States Cold Chain Historical Trend: Breakup by Temperature (USD Billion), 2018-2023
13. United States Cold Chain Forecast Trend: Breakup by Temperature (USD Billion), 2024-2032
14. United States Cold Chain Historical Trend: Breakup by End Use (USD Billion), 2018-2023
15. United States Cold Chain Forecast Trend: Breakup by End Use (USD Billion), 2024-2032
16. Canada Cold Chain Historical Trend: Breakup by Service Type (USD Billion), 2018-2023
17. Canada Cold Chain Forecast Trend: Breakup by Service Type (USD Billion), 2024-2032
18. Canada Cold Chain Historical Trend: Breakup by Temperature (USD Billion), 2018-2023
19. Canada Cold Chain Forecast Trend: Breakup by Temperature (USD Billion), 2024-2032
20. Canada Cold Chain Historical Trend: Breakup by End Use (USD Billion), 2018-2023
21. Canada Cold Chain Forecast Trend: Breakup by End Use (USD Billion), 2024-2032
22. North America Cold Chain Market Structure
Key Questions Answered in the Report
In 2023, the North America cold chain market attained a value of nearly USD 116.85 billion.
In the forecast period of 2024-2032, the market is projected to grow at a CAGR of 9.5%.
By 2032, the market is estimated to reach a value of USD 264.77 billion.
The major market drivers include rising disposable incomes, increasing population, the surging consumption of meat and seafood, and the growing demand for processed food products.
The rising demand for organic food, the surging usage of temperature sensitive healthcare products, and increasing number of clinical trials in the United States and Canada are the key trends guiding the market.
The leading countries in the North America market are the United States of America and Canada.
The significant service types of cold chain considered in the market report are refrigerated storage and refrigerated transport.
The major temperatures considered in the market report are chilled and frozen.
The various end uses of cold chain include meat and seafood, dairy and frozen products, fruits and vegetables, bakery and confectionery, and pharmaceuticals, among others.
AmeriCold Logistics LLC, Lineage Logistics Holding, LLC, United States Cold Storage, Inc., and VersaCold Logistics Services, among others, are the key market players.
Analyst Review
The North America cold chain market attained a value of USD 116.85 billion in 2023 driven by the growing consumption of meat and sea food. Aided by the rising clinical trials and growing demand for organic food products, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 9.5%. The market is projected to reach USD 264.77 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its service types, the North America market can be bifurcated into refrigerated transport and storage, with refrigerated storage accounting for the largest market share. By temperature, the chilled cold chain temperature is the leading segment. On the basis of end-use, meat and seafood sector accounts for the largest market share. The major regional markets for cold chain in North America are the United States of America and Canada, with the United States of America accounting for the largest share of the market. The key players in the above market include Americold Logistics, Lineage Logistics Holding, LLC, United States Cold Storage Inc., and VersaCold Logistics Services.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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