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The United States cold storage market size attained 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.
Cold storage refers to a special facility that is often computer-controlled for the warehousing of perishable or other sensitive goods like food, medicines, and artwork, at a particular temperature. These facilities are crucial in the supply chain of various industries, especially food and pharmaceuticals, to preserve the quality and extend the shelf life of products.
The rising adoption and availability of advanced technology in the United States and the increasing efforts of manufacturers to preserve temperature-sensitive products from tampering or staling, especially food items, are driving the United States cold storage market growth. The development of such facilities provides high efficiency and reliability, which is expected to aid the market growth in the forecast period.
The increasing popularity of connected trucks, high-cube refrigerated trailers, and vehicles that offer cross-product transportation is expected to drive the demand for cold storage transportation services in the coming years. The rise in health concerns among consumers, coupled with the implementation of stringent quality standards, is resulting in the increased demand for quality product manufacturing, providing further impetus to the United States cold storage market growth.
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The market is growing due to increased online grocery shopping; technological advancements; a focus on sustainability; and rising investments in cold chain infrastructure development
Jan 25th 2024
CJ Logistics America is opening a 270,000 sq ft advanced cold storage warehouse in Gainesville, Georgia, featuring Alta EXPERT systems and QFM blast freezing technology, developed by RL Cold.
Oct 19th 2023
RealCold announced its plans to construct two advanced cold storage facilities in Florida and Texas to meet growing demands in food distribution and fulfillment in the cold chain sector.
Oct 11th 2023
Lineage, a global leader in temperature-controlled solutions, opened a new facility in Windsor, Colorado, developed for JBS USA to enhance product distribution to its customers.
Aug 21st 2023
Florida State Board of Administration invested USD 199 million in new industrial and cold storage projects in Stuart and Jacksonville, Florida.
Surging online grocery shopping propelling the United States cold storage market
Consumers are increasingly turning towards online platforms for their grocery needs, necessitating more cold storage space to preserve perishable goods.
Technological innovations related to automation
Automation technologies, such as robotic storage and retrieval systems, are being increasingly adopted to enhance efficiency, reduce labour costs, and improve inventory management.
Rising emphasis on sustainability is favouring the market
Regulations regarding food safety, energy efficiency, and environmental impact are becoming stricter, pushing companies to invest in modern, compliant facilities.
Increasing investments in infrastructure and real estate development
Governments and major players are increasingly investing in the development of logistical infrastructure and the upgradation of existing infrastructure.
The United States cold storage market demand is being shaped by a variety of factors, including evolving consumer habits, technological advancements, regulatory changes, sustainability concerns, and economic conditions. The market is poised for growth in the forecast period, driven by the increasing demand for fresh and frozen products, the expansion of online grocery sales, and the need for more efficient and specialised cold storage solutions.
The healthcare and pharmaceutical sectors are emerging as significant users of cold storage facilities, especially with the increasing importance of biopharmaceuticals, vaccines, and clinical trials that require precise temperature-controlled environments. These sectors’ stringent requirements are pushing the boundaries of what cold storage technology can achieve.
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“United States Cold Storage Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Segmentation by Warehouse Type
Market Breakup by Construction Type
Market Bifurcation by Temperature Type
United States Cold Storage Market Division by Application
The increasing demand for exotic vegetables, fruits, meats, and certain dairy products has substantially enhanced the market expansion
According to the United States cold storage market analysis, to accommodate the growing variety of perishable goods, cold storage operators are expanding their facilities to include frozen storage facilities. For instance, Americold has invested USD 35 million to build and operate a state of the art, temperature controlled, cold-storage facility, in collaboration with RSA Cold Chain and DP World. The construction is expected to be completed in the first quarter of 2025 and the facility will accommodate 40,000 pallet positions.
Americold's recent initiative is focused on establishing a cutting-edge cold storage facility, designed to optimize the cold chain process. This development is aimed at enhancing the company's ability to assist its clients in efficiently distributing food and other products globally.
Pharmaceuticals, fish, meat, seafood, and dairy foods often have unique storage needs in terms of temperature and humidity controls. This has led to the development of more sophisticated and versatile cold storage facilities capable of maintaining a range of specific conditions to ensure the quality and freshness of diverse products.
Frozen storage is expected to account for a significant portion of the United States cold storage market share
Frozen storage is essential for a wide range of products, including meats, seafood, frozen meals, certain dairy products like ice cream, and some fruits and vegetables. The ability of freezing to extend the shelf life of products for a considerable duration without significant loss of quality makes it a preferred method for long-term storage. The typical temperature for frozen storage is around -18°C (0°F) or lower.
Moreover, chilled storage facilities are increasing rapidly as food distribution networks become more complex and globalised. This is to ensure the timely and efficient movement of perishable goods across the country.
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Some major players are integrating innovative technologies to enhance their cold storage capabilities
Americold Logistics LLC
Americold Logistics LLC is one of the leading companies in temperature-controlled warehousing, providing comprehensive supply chain solutions. Its expansive network ensures efficient storage and distribution of perishable goods across various industries, leveraging advanced technology.
Agro Merchant Group LLC
Agro Merchant Group LLC specialises in cold storage and logistics, offering tailored solutions for perishable commodities. Its global presence, with state-of-the-art facilities, underscores its commitment to quality and food safety in the supply chain.
Burris Logistics, Inc.
Renowned for its customised supply chain services, Burris Logistics, Inc. excels in cold storage and freight management. Its client-centric approach, coupled with cutting-edge technology, makes it a go-to partner for diverse cold chain needs.
Lineage Logistics Holdings, LLC
As one of the largest refrigerated warehousing companies globally, Lineage Logistics Holdings, LLC, innovates in cold storage solutions. The company is the owner of a large network of advanced facilities and logistics.
Other key players in the United States cold storage market are United States Cold Storage, Inc., and Wabash National Corporation, among others.
Storage facility companies around the world are increasingly focused on the development of advanced facilities and the upgradation of existing facilities. ASRS and IoT are some of the major technological updates as they aid in automating the handling and storage of products. The sensors in IoT devices track temperature, humidity, and other environmental factors, ensuring optimal conditions for preserving the quality of perishable goods, and ultimately reducing human intervention.
| 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 Warehouse Type |
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| Breakup by Construction Type |
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| Breakup by Temperature Type |
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| Breakup by Application |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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In 2023, the market attained a value of nearly USD 18.77 billion.
The market is projected to grow at a CAGR of 4.30% between 2024 and 2032.
The market is estimated to witness healthy growth during 2024-2032 to reach around USD 27.34 billion by 2032.
The major industry drivers include the high efficiency and reliability of cold storages, increasing popularity of connected trucks and vehicles, rise in health concerns among consumers, implementation of stringent quality standards, and increased demand for quality product manufacturing.
The key trends driving the market include the rising adoption and availability of advanced technologies and increasing efforts of manufacturers to preserve temperature-sensitive products from tampering or staling.
Based on warehouse types, the United States cold storage industry can be segmented into private and semi-private and public.
By construction type, the market is divided into bulk storage, production stores, and ports.
The categories of temperature are chilled and frozen.
On the basis of application, the market is divided into fruits and vegetables, dairy, fish, meat, and seafood, processed food, and pharmaceuticals.
The major players in the market are Americold Logistics LLC, Agro Merchant Group LLC, Burris Logistics, Inc., Lineage Logistics Holdings, LLC, United States Cold Storage, Inc., and Wabash National Corporation, among others.
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