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United States Cold Storage Market

United States Cold Storage Market Size, Share, Forecast: By Warehouse Type: Private and Semi-Private, Public; By Construction Type: Bulk Storage, Production Stores, Ports; By Temperature Type: Chilled, Frozen; By Application: Fruits and Vegetables, Dairy, Others; Market Dynamics; Competitive Landscape; 2024-2032

United States Cold Storage Market Outlook

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.

 

Key Takeaways

  • Advanced technology adoption and efforts to preserve temperature-sensitive products propel the United States cold storage market growth.
  • The rise of connected and high-capacity refrigerated transport boosts the expansion of the market.
  • Increased health concerns and stringent quality standards drive demand for high-quality manufacturing, further stimulating market growth.

 

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.

 

United States Cold Storage Market

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Key Trends and Developments

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.

 

United States Cold Storage Market By Application

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Market Segmentation

“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

  • Private and Semi-Private
  • Public

 

Market Breakup by Construction Type

  • Bulk Storage
  • Production Stores
  • Ports

 

Market Bifurcation by Temperature Type

  • Chilled
  • Frozen

 

United States Cold Storage Market Division by Application

  • Fruits and Vegetables
  • Dairy
  • Fish, Meat, and Seafood
  • Processed Food
  • Pharmaceuticals

 

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.

 

United States Cold Storage Market By Region

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Competitive Landscape

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.

 

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:

  • Warehouse Type
  • Construction Type
  • Temperature Type
  • Application
Breakup by Warehouse Type
  • Private and Semi-Private
  • Public
Breakup by Construction Type
  • Bulk Storage
  • Production Stores
  • Ports
Breakup by Temperature Type
  • Chilled
  • Frozen
Breakup by Application
  • Fruits and Vegetables
  • Dairy
  • Fish, Meat, and Seafood
  • Processed Food
  • Pharmaceuticals
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Americold Logistics LLC
  • Agro Merchant Group LLC
  • Burris Logistics, Inc.
  • Lineage Logistics Holdings, LLC
  • United States Cold Storage, Inc.
  • Wabash National Corporation
  • Others

 

*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    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    United States
    6.2    Regional
7    Opportunities and Challenges in the Market
8    United States Cold Storage Market Analysis

    8.1    Key Industry Highlights
    8.2    United States Cold Storage Historical Market (2018-2023) 
    8.3    United States Cold Storage Market Forecast (2024-2032)
    8.4    United States Cold Storage Market by Warehouse Type
        8.4.1    Private and Semi-Private
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Public
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    United States Cold Storage Market by Construction Type
        8.5.1    Bulk Storage
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Production Stores
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Ports
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
    8.6    United States Cold Storage Market by Temperature Type
        8.6.1    Chilled
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Frozen
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
    8.7    United States Cold Storage Market by Application
        8.7.1    Fruits and Vegetables
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Dairy
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Fish, Meat, and Seafood
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Processed Food
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Pharmaceuticals
            8.7.5.1    Historical Trend (2018-2023)
            8.7.5.2    Forecast Trend (2024-2032)
9    Market Dynamics
    9.1    SWOT Analysis
        9.1.1    Strengths
        9.1.2    Weaknesses
        9.1.3    Opportunities
        9.1.4    Threats
    9.2    Porter’s Five Forces Analysis
        9.2.1    Supplier’s Power
        9.2.2    Buyer’s Power
        9.2.3    Threat of New Entrants
        9.2.4    Degree of Rivalry
        9.2.5    Threat of Substitutes
    9.3    Key Indicators for Demand
    9.4    Key Indicators for Price
10    Competitive Landscape
    10.1    Market Structure
    10.2    Company Profiles
        10.2.1    Americold Logistics LLC
            10.2.1.1    Company Overview
            10.2.1.2    Product Portfolio
            10.2.1.3    Demographic Reach and Achievements
            10.2.1.4    Certifications
        10.2.2    Agro Merchant Group LLC
            10.2.2.1    Company Overview
            10.2.2.2    Product Portfolio
            10.2.2.3    Demographic Reach and Achievements
            10.2.2.4    Certifications
        10.2.3    Burris Logistics, Inc.
            10.2.3.1    Company Overview
            10.2.3.2    Product Portfolio
            10.2.3.3    Demographic Reach and Achievements
            10.2.3.4    Certifications
        10.2.4    Lineage Logistics Holdings, LLC
            10.2.4.1    Company Overview
            10.2.4.2    Product Portfolio
            10.2.4.3    Demographic Reach and Achievements
            10.2.4.4    Certifications
        10.2.5    United States Cold Storage, Inc.
            10.2.5.1    Company Overview
            10.2.5.2    Product Portfolio
            10.2.5.3    Demographic Reach and Achievements
            10.2.5.4    Certifications
        10.2.6    Wabash National Corporation
            10.2.6.1    Company Overview
            10.2.6.2    Product Portfolio
            10.2.6.3    Demographic Reach and Achievements
            10.2.6.4    Certifications
        10.2.7    Others
11    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    United States Cold Storage Market: Key Industry Highlights, 2018 and 2032
2.    United States Cold Storage Historical Market: Breakup by Warehouse Type (USD Billion), 2018-2023
3.    United States Cold Storage Market Forecast: Breakup by Warehouse Type (USD Billion), 2024-2032
4.    United States Cold Storage Historical Market: Breakup by Construction Type (USD Billion), 2018-2023
5.    United States Cold Storage Market Forecast: Breakup by Construction Type (USD Billion), 2024-2032
6.    United States Cold Storage Historical Market: Breakup by Temperature Type (USD Billion), 2018-2023
7.    United States Cold Storage Market Forecast: Breakup by Temperature Type (USD Billion), 2024-2032
8.    United States Cold Storage Historical Market: Breakup by Application (USD Billion), 2018-2023
9.    United States Cold Storage Market Forecast: Breakup by Application (USD Billion), 2024-2032
10.    United States Cold Storage Market Structure

Key Questions Answered in the Report

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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