US Cold Storage Market Size and Forecasts (2020-2030)
US Cold Storage Market Size and Forecasts (2020 – 2030), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Application (Dairy Products, Meat and Seafood, Fruits and Vegetables, Pharmaceuticals, and Processed Food), Temperature Type (Chilled and Frozen), and Warehouse Type (Public, Private, and Semi-Private)
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Description
Increasing Demand for Convenience Food Among Consumers is Boosting the US Cold Storage Market Growth
Over the years, consumers’ lifestyles have evolved drastically, owing to which consumers are inclining toward canned and processed food for convenience. As canned food items have a high tendency to get rotten within a few days or weeks if not preserved well, cold storage facilities cannot be overlooked. These facilities help maintain optimal temperature and proper storage conditions to extend the shelf life of processed or canned food. Further, increased marketing exposure of processed food is attracting the younger generation toward consuming processed food. Thus, the increasing demand for convenience food items due to rising urbanization, increasing disposable income, and rising busy lifestyles are accelerating the US cold storage market growth.
Based on warehouse type, the US cold storage market share is segmented into public, private, and semi-private. Government entities, semi-government bodies, and private third-party companies usually own warehouses. Increasing consumer inclination for perishable products and growing demand for frozen food items are a few of the key factors leading to the growth of US cold storage market size. Also, the rising incidents of unwanted natural calamities and other crises are boosting the need for cold storage facilities to store food and other pharmaceutical products.
provide flexible space and usage provisions. Companies prefer not to spend on developing or renting their warehouse and choose to share operational and maintenance costs with other companies using the same facility. In addition, public warehouses allow companies to leverage their storage space on a flexible basis. Public warehouse service providers also specialize in logistics and warehouse management. Public warehouses are equipped with high-end systems and involve processes that maintain inventory effectively, which leads to improved operational productivity for businesses. Moreover, public warehouses are often located at transportation routes, hubs, ports, or near major cities. This decreases transportation costs and time, which allows companies to attend to their customers quickly. Companies with changing demand for their products are the major end users of public warehouses that help them optimize inventory management. In addition, businesses that deal in seasonal products, such as summer or winter clothing or festival decorative items, can benefit from public warehousing for storing their inventory during peak times. Moreover, startup companies that do not have the leverage to invest in their warehouse can utilize public warehousing to manage their inventory. Furthermore, international companies can benefit from public warehousing near major port cities for fast distribution of their goods in target markets.
The US cold storage market analysis is carried out by identifying and evaluating key players in the market. Americold Logistics Inc., Lineage Logistics LLC, United States Cold Storage Inc, Interstate Warehousing Inc, Newcold Cooperatief, Kloosterboer, Arcadia Cold Storage & Logistics, CTW Logistics, Burris Logistics, and VersaCold Logistics Services are among the key players analyzed in the US cold storage market report. The US cold storage market report also includes growth prospects in light of current US cold storage market trends and driving factors influencing the market growth.
Companies operating in the US cold storage market highly adopt inorganic strategies such as mergers and acquisitions. The market initiative is a strategy adopted by companies to expand their footprint across the world and to meet the growing customer demand. The players present in the market are mainly focusing on product and service enhancements by integrating advanced features and technologies into their offerings to increase their US cold storage market share.
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According to our latest market study on “US Cold Storage Market Forecast to 2030 – Country Analysis – by Application, Temperature Type and Warehouse Type,” the US cold storage market size is expected to grow from US$ 40,972.22 million in 2022 to US$ 148,623.44 million by 2030; it is anticipated to grow at a CAGR of 17.5% from 2022 to 2030.
The rising e-commerce grocery sales across the US are supporting the US cold storage market growth. In 2021, the total e-commerce grocery sales in the US accounted for ~13% of the e-commerce sector, which is further expected to surpass a share of ~22% by 2025. The COVID-19 pandemic scenario significantly changed the shopping behavior of consumers, resulting in a massive shift toward online shopping while requiring grocery items to be home-delivered. Such factors are generating the need for cold storage facilities, as the demand for shortening the delivery time of grocery products is witnessing rapid growth. Moreover, the rise in the number of private cold storage warehouses is another major factor supporting the growth of e-commerce grocery sales across the US, which is further driving the US cold storage market growth.
US Cold Storage Market Share — by Country, 2022
Source: the research team Analysis
In terms of temperature type, the cold storage market is bifurcated into chilled and frozen. The frozen segment is anticipated to hold a significant US cold storage market share by 2030. A cold storage, or freezer warehouse, maintains specific temperatures using a complex refrigeration system. Coolant, compressor, separator, condenser, receiver, and evaporator are major components of cold storage facilities. The primary objective of cold storage is to store temperature-sensitive goods, including perishable products, such as frozen foods, dairy items, meat and seafood, and pharmaceutical products. This helps maintain their quality and extend product shelf life. Chilled storage facilities primarily cater to preserving dairy products such as milk, fresh cream, curd, milk-based beverages, cheese, processed cream, and medicines (including tablets). On the other hand, frozen storage facilities help preserve frozen meat, processed food, fish, seafood, chemicals, and pharmaceutical products—such as vaccines.
Frozen warehouses or freezer warehouses are primarily operational in sub-zero temperatures, usually between -18°C and -25°C. These facilities are designed and developed to store frozen foods, such as seafood, meats, and frozen desserts. The products that must be kept at low temperatures to avoid bacterial growth and maintain product integrity are suitable for frozen warehouses. Frozen storage is a broadly used method for expanding the shelf life of eventually refrigerated food products. Freezer warehouses must be constructed from sandwich panels—the insulating element that avoids temperature leaks to the outside. The flooring of the freezer warehouse floors should be insulated to prevent condensation. A refrigerated warehouse is also known as a cold storage warehouse or chill store. These facilities primarily maintain a controlled temperature, normally between 2° and 8°, to save the quality of perishable products. Chilled warehouses are generally used for storing fresh produce products such as dairy products and other delicate or perishable products that require a chilled but not frozen environment to maintain their quality. Chilled storage helps in reducing rotting, sprouting, and insect damage. Reefer containers, ships, and trucks are usually equipped with chilled storage facilities for better management of products at the time of transportation as per supply chain requirements. Thus, all these factors are positively contributing to the growing US cold storage market size.
The scope of the US cold storage market report focuses on the US. As per the Department of Agriculture, in June 2022, the US registered 3.73 billion cubic feet of gross refrigerated warehouse capacity. Among these, public storage accounted for 72%, with 517 warehouses, and private and semi-private facilities listed 387 warehouses. In addition, the US accounted for 1,858 refrigerated storage businesses in 2023. Tobin Scientific, United States Cold Storage, Lineage Logistics, Agro Merchant Group LLC, Wabash National Corporation, and Americold Logistics, Inc. are a few of the major cold storage and logistic companies operating in the US. In 2023, CJ Logistics America announced the expansion of its temperature-controlled warehousing capabilities with the inauguration of a 206,000 sq ft storage facility in Nashville, Tennessee. Such strategic initiatives by key market players are anticipated to create various growth opportunities for the US market in upcoming years.
The US cold storage market analysis is carried out by identifying and evaluating key players in the market. Americold Logistics Inc., Lineage Logistics LLC, United States Cold Storage Inc, Interstate Warehousing Inc, Newcold Cooperatief, Kloosterboer, Arcadia Cold Storage & Logistics, CTW Logistics, Burris Logistics, and VersaCold Logistics Services are among the key players analyzed in the US cold storage market report. The report also includes growth prospects in light of current US cold storage market trends and driving factors influencing the market growth.
Companies operating in the US cold storage market highly adopt inorganic strategies such as mergers and acquisitions. The market initiative is a strategy adopted by companies to expand their footprint across the world and to meet the growing customer demand. The players present in the US cold storage market are mainly focusing on product and service enhancements by integrating advanced features and technologies into their offerings. A few recent developments by the key US cold storage market players are listed below:
Year
News
2023
Lineage LLC acquired eight facilities from Burris Logistics (Burris), a temperature-controlled food distribution company. Lineage’s warehousing network included eight cold storage facilities in Lakeland, Florida; Jacksonville, Florida; McDonough, Georgia; Edmond, Oklahoma; New Castle, Delaware; Waukesha, Wisconsin; and Federalsburg, Maryland, totalling nearly 1.3 million square feet of capacity and approximately 115,000 pallet positions.
2022
Burris Logistics acquired the R.W. Zant Company, a foodservice redistribution in Los Angeles. R.W. Zant has been “an Honor Foods Company” as the food service redistributor in the Mid-Atlantic. Honor Foods expanded its reach and protein capability. Following this acquisition, R.W.
2023
Interstate Warehousing inaugurated its new 250,000-square-foot facility in Kingman, Arizona, which is the ninth location in its Interstate Warehousing network. This facility will provide cold storage solutions for the food industry in the Southwest region of the US.
2023
Tippmann Group and Cold-Link Logistics have completed a groundbreaking ceremony for a new 198,000-square-foot cold storage facility in Ellisville, Mississippi. The state-of-the-art facility will offer nearly 27,000 pallet positions of frozen and refrigerated storage space. The facility is scheduled to open in July 2024.
2022
Americold Realty Trust Inc. opened a plant in Dunkirk, New York. With 181,000 square feet of cold storage and operations space, this LEED-certified facility had 25,000 pallet slots to meet the cold storage demands of western New York.
2023
Lineage LLC opened a next-generation cold storage facility in Tauranga, New Zealand. The facility had over three million cubic feet of space and more than 16,000 pallet positions.
2023
Lineage LLC opened a cold storage facility at Houston ColdPort. The new facility strengthened Lineage’s network in Texas, which now extends over 189 million cubic feet of capacity across 19 sites.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the cold storage market.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the cold storage market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 The Research Team Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. US Cold Storage Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 Storage Providers
4.3.2 End Users
5. US Cold Storage Market – Key Market Dynamics
5.1 US Cold Storage Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Rise in Food Waste
5.2.2 Growth in E-Commerce Grocery Sales Across the US
5.2.3 Increasing Demand for Convenience Food Among Consumers
5.3 Market Restraints
5.3.1 Adverse Impact of Cold Storage Facilities on Environment
5.3.2 Rising Cold Chain Prices
5.4 Market Opportunities
5.4.1 Construction of New Cold Chain Warehouses
5.5 Future Trends
5.5.1 Automation in Cold Storage Facilities
5.6 Impact of Drivers and Restraints:
6. US Cold Storage Market – US Market Analysis
6.1 US Cold Storage Market Revenue (US$ Million), 2022–2030
6.2 US Cold Storage Market Forecast Analysis
7. US Cold Storage Market Analysis – by Application
7.1 Dairy Products
7.1.1 Overview
7.1.2 Dairy Products: US Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Meat and Seafood
7.2.1 Overview
7.2.2 Meat and Seafood: US Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Fruits and Vegetables
7.3.1 Overview
7.3.2 Fruits and Vegetables: US Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Pharmaceuticals
7.4.1 Overview
7.4.2 Pharmaceuticals: US Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Processed Food
7.5.1 Overview
7.5.2 Processed Food: US Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
8. US Cold Storage Market Analysis – by Temperature Type
8.1 Chilled
8.1.1 Overview
8.1.2 Chilled: US Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Frozen
8.2.1 Overview
8.2.2 Frozen: US Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
9. US Cold Storage Market Analysis – by Warehouse Type
9.1 Public
9.1.1 Overview
9.1.2 Public: US Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
9.2 Private and Semi-Private
9.2.1 Overview
9.2.2 Private and Semi-Private: US Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
10. US Cold Storage Market – Impact of COVID-19 Pandemic
10.1 Pre & Post COVID-19 Impact
11. Competitive Landscape
11.1 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
13. Company Profiles
13.1 Americold Realty Trust Inc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Lineage Logistics Holdings LLC
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 United States Cold Storage Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 NewCold Cooperatief UA
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Burris Logistics Co
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Consolidated Transfer and Warehouse Co Inc
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 EVO Logistics Worldwide Corp
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Tippmann Group
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Arcadia Cold LLC
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 ColdPoint Logistics
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About Research Team
LIST OF TABLES
Table 1. US Cold Storage Market Segmentation
Table 2. US Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
Table 3. US Cold Storage Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 4. US Cold Storage Market – Revenue and Forecast to 2030 (US$ Million) – by Temperature Type
Table 5. US Cold Storage Market – Revenue and Forecast to 2030 (US$ Million) – by Warehouse Type
LIST OF FIGURES
Figure 1. US Cold Storage Market Segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. Ecosystem Analysis
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. US Cold Storage Market Revenue (US$ Million), 2022–2030
Figure 6. US Cold Storage Market Share (%) – by Application (2022 and 2030)
Figure 7. Dairy Products: US Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Meat and Seafood: US Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Fruits and Vegetables: US Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Pharmaceuticals: US Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Processed Food: US Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. US Cold Storage Market Share (%) – by Temperature Type (2022 and 2030)
Figure 13. Chilled: US Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Frozen: US Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. US Cold Storage Market Share (%) – by Warehouse Type (2022 and 2030)
Figure 16. Public: US Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Private and Semi-Private: US Cold Storage Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Company Positioning & Concentration
The List of Companies – US Cold Storage Market
o Americold Logistics Inc
o Lineage Logistics LLC
o United States Cold Storage Inc
o Interstate Warehousing Inc
o Newcold Cooperatief
o Kloosterboer
o Arcadia Cold Storage & Logistics
o CTW Logistics,
o Burris Logistics
o VersaCold Logistics Services
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