U.S. Cold Storage Market Outlook Till, 2021 - 2028: Grand View Research, Inc

The U.S. cold storage market size was valued at USD 30.26 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.2% from 2022 to 2030. The growth can be attributed to several critical factors, such as technological advancements in packaging, processing, and storage of perishable food products and temperature-sensitive items. The market has also benefitted significantly from the stringent government regulation toward the production and supply of temperature-sensitive products. The industry is poised for unprecedented growth in the next seven years owing to growing organized retail sectors in the emerging economies which will create opportunities for the service providers over the forecast period.

Growing demand for connected trucks, high-cube refrigerated trailers, and vehicles that facilitate cross-product transportation is likely to drive demand for cold chain services. Ever-increasing health consciousness among consumers has inspired healthier eating habits and resulted in a rising demand for quality food packaging and storage solutions. Outsourcing services have been gaining popularity among businesses owing to factors such as increasing competition, a rapid rise in operational costs, and stringent quality standards. Numerous benefits of outsourcing these services, such as reduced operational costs, improved flexibility, higher efficiency, and expertise, have also encouraged its widespread adoption.

Gather more insights about the market drivers, restrains and growth of the Global U.S. Cold Storage market

Service providers in the U.S. cold storage market have enhanced their efforts to protect temperature-controlled products from potential tampering or malicious actions. Securing the facility encompasses not only refrigerated warehouses but employees and visitors as well. This has resulted in increasing demand for the adoption of monitoring components such as telematics and telemetry devices, sensors, data loggers, and networking devices. Such components significantly improve the performance and efficiency of refrigerated storage and transportation.

Industry players are relying on RFID and Automatic Identification and Data Capture (AIDC) for enhancing the efficiency of the order fulfillment process. The growing penetration of Bluetooth technology and RFID sensors, across the logistics industry, is expected to spur the adoption of AIDC technology. Furthermore, cold storage operators focus on maximizing their throughput and order accuracy by using robotics applications, high-speed conveyor systems, and automated materials handling equipment. These technological advancements are in turn expected to boost the growth of the market over the forecast period.

Browse through Grand View Research's Processed & Frozen Foods Industry Research Reports.

Sourdough Market - The sourdough market size was estimated at USD 2.4 billion in 2018. Rising consumer demand for healthier, tastier, and more natural baked products has renewed the success of conventional production over the years. Sourdough refers to a leaven employed in the production of various baked products, including bread, crackers, and cake.

Concentrated Milk Fat Market - The global concentrated milk fat market size was valued at USD 2.92 billion in 2018 and is anticipated to expand at a CAGR of 10.28% from 2019 to 2025. The growth is driven by increasing application of concentrated milk fat in food and beverage industry, primarily due to its longer shelf life and ease of transportation and storage.

U.S. Cold Storage Market Segmentation

Grand View Research has segmented the U.S. cold storage market based on warehouse type, construction type, temperature type, application, and state:

U.S. Cold Storage Warehouse Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Private & Semi-private
• Public

U.S. Cold Storage Construction Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Bulk Storage
• Production Stores
• Ports

U.S. Cold Storage Temperature Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Chilled
• Frozen

U.S. Cold Storage Application Outlook (Revenue, USD Billion, 2017 - 2030)

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

U.S. Cold Storage State Outlook (Revenue, USD Billion, 2017 - 2030)

• Maine
• Massachusetts
• Vermont
• New Jersey
• New York
• Pennsylvania
• Delaware
• Florida
• Georgia
• Maryland
• North Carolina
• South Carolina
• Virginia
• Illinois
• Indiana
• Michigan
• Ohio
• Wisconsin
• Alabama
• Kentucky
• Mississippi
• Tennessee
• Iowa
• Kansas
• Minnesota
• Missouri
• Nebraska
• North Dakota
• South Dakota
• Arkansas
• Louisiana
• Oklahoma
• Texas
• Arizona
• Idaho
• Mexico
• Utah
• California
• Oregon
• Washington
• Others

Market Share Insights

February 2019 - We are pleased to announce that Trinity Logistics is joining the Burris Logistics family. Burris and Trinity are long-standing family-run enterprises both headquartered in Sussex County, Del. The companies are uniting for greater opportunities and to offer customers more end-to-end supply chain solutions. Trinity Logistics will continue to operate with its name and well-known brand, under the Burris Logistics umbrella.

March 2022 - NTG Nordic Transport Group (“NTG”) has signed an agreement to acquire 100% of the shares in US-based Aries Global Logistics, Inc. (“AGL”). AGL is an international air and ocean freight forwarder that has developed a brand with domestic and international importers and exporters as well as overseas agents since 1985. NTG invites equity analysts and investors to participate in a conference call on 30 March 2022 at 12:30 PM CEST.

Key Companies profiled:

Some prominent players in the global U.S. Cold Storage market include

• Americold
• AGRO Merchants Group North America
• Burris Logistics
• Henningsen Cold Storage Co.
• Lineage Logistics Holdings, LLC
• Nordic Logistics
• Preferred Freezer Services
• VersaCold Logistics Services
• United States Cold Storage
• Wabash National Corporation

Order a free sample PDF of the U.S. Cold Storage Market Intelligence Study, published by Grand View Research.