Pulished Date November, 2019
ID: 8953
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US Cold storage Market by By Temperature Type (Chilled, Frozen), By Application (Fruits & vegetables, Dairy, Fish, meat & seafood & Pharmaceuticals), By Warehouse Type (Private & semi-private), Forecast to 2025

Pulished: November, 2019
ID: 8953
Pages: 145

Market Overview:

The volume of the United States of America Cold storage industry in 2018 was valued at USD 15.26 billion and is expected to increase by 3.7% CAGR between 2019 and 2025. Growth can be due to a number of important factors, for example, developments in engineering for packaging, processing and storage of perishable food products and temperature sensitivity.

Service providers have increased efforts to prevent possible abuse or malicious activity against temperature-controlled goods. Not only cooling storage facilities but staff and guests are included in the system. As a result of this, the demand for implementation of control modules, such as telematics, telemetry devices, RFID devices, sensors and data loggers has increased, and networking devices are being raised for improving cooling storage and transport performance and capacity. Steadily increasing consumer health perception has led to increased consumption and demand for quality products and healthy eating habits.

The market has greatly benefited from the strict regulations governing the production and provision of products that are sensitive to temperature. Due to growing organized retail industries in the emerging economies, the industry is ready for unprecedented growth over the forecast period.

Market value and expected growth –

U.S. Cold storage Market is projected to grow at a CAGR of around 7.3% during the forecast period. The market is expected to reach USD 25.5 billion by 2025, from USD 16.7 billion in 2019.

In addition, increasing automation would fuel demand in cooled warehouses. The processing automation involves cloud technology, robotics, transmission belts, automation of charging trucks and the control of fuel. Cold storage has become an integral part of SCM for the transport and storing of products sensitive to temperature. Also, rising trade in peregrinated goods is expected in the coming years to fuel demand for solutions for refrigerated processing.

Temperature-controlled systems users and manufacturers are working to reduce the effect of cold chain transport on the climate. At the same time, the design of a suitable packaging framework also presents significant challenges to increasing awareness of structured corporate social responsibility (CSR) policies, challenging government regulations and shifting consumer expectancies. 

The lack of infrastructure to support the cold chain would probably be a big challenge for companies in emerging markets to expand their business. Therefore, the lack of power connections in transport hubs and ports for reefer-trailers is preventing the development of the market in such regions. This will, however, also open up opportunities for growth for industry participants to innovate unique solutions or exploit other energy sources that can overcome such problems.

Recent Developments:

  • The new development in composite panel construction is expected to replace existing warehouse construction methods with single-envelope construction technology. For new technologies, building materials, operations and maintenance expense and the versatility necessary to change the use in the future can be increasing overall. Without compromise on inner volume, a warehouse built using single hedge technology offers a smaller footprint and a lower height.
  • The Cold Storage Distribution Center in Southern Carolina was opened in April 2016 by Lineage Logistics Holdings, LLC to provide consumers with a solution to speed domestic access to imported products and to export products to foreign markets.

Market Segmentation:

By Warehouse type -

The public sector produced the highest revenues in 2018 based on warehouse types and is expected to see a remarkable shift in its increase between 2019 and 2025. Due to several reasons, automation is growing. The growing need for companies to increase the productivity and efficiency of cold storage facilities can be addressed by automation, which is one of the most critical factors.

The disparity in operational performance between older and newer cold storage systems has increased with capacity and automation improvements. In these last few years, industry operators have introduced innovations to improve performance and to minimize operating costs, such as high-speed gates, energy-efficient walls, robotic cranes and cooling systems in a cascade. For example, the use of automated cranes has allowed operators to stack more products at higher levels and to increase new facilities' average building height.

By Temperature type-

The cold storage industry in the United States is divided into chilled and frozen, depending on the level of temperature. In 2018, the frozen segment had the biggest share. In the meantime, a significant change in the growth over the forecast period is expected from the cooled group.

Increased awareness of comfort food among people led to a change in their preference for ready-to-eat foods. Moreover, because of its support for microwave cooking and its ease of use in packaging technology, customers are increasingly opting for frozen food. Such patterns have played an essential role in increasing the use of frozen foods, contributing to segment growth.

 By Application -

The market was divided into fruits and vegetables, milk, fish, meat and seafood, food processing and pharmaceutical products, based on application. From 2019 to 2025, the drug industry segment is expected to grow exponentially. Supply chains for pharmaceuticals and biotechnology are at risk of drug contamination during transportation. Besides, rigid federal regulations, guidelines and directives contributed to the development of the market.

Geographical Analysis:

Due to the existence of a large user base in the City, California led the market in 2018 and is expected to remain the prominent state for 2019 to 2025. The region accounts for the highest number of cold storage facilities, with 400 million people. Among them, Northern Carolina and South Carolina, between 2019 and 2025, are projected to expand at a CAGR of over 5.3% and 4.8%. The demand for refrigeration and processing has increased, leading to market growth in transportation facilities, technological progress and growing acceptance of frozen foods.

Key Players:

Key players include Americold Logistics, LLC, Lineage Logistics Holdings LLC; AGRO Merchants Group North America, Burris Logistics, Cloverleaf Cold Storage, Henningsen, and Nordic Logistics LLC, Preferred Freezer Services and Wabash National.

Industry players are introducing a range of tactical strategies such as establishing new facilities to increase their competitiveness through better relationships with their customers.

U.S. Cold storage Market Report Key Highlights:

  • The evaluation of the current product and services market and the future implications of the market.
  • Address the matter by better understanding the market through size estimates and CAGR analysis to forecast the future market.
  • More extensive segmentation to better understand the dynamics of the market at a minimal level by dividing the market to smaller segments.
  • Address the key market challenges, drivers and restraints to provide insights for gaining market share.
  • Porter’s Five Forces are used to analyze the factors responsible for the shaping of the industry as it is as a result of the competitive environment.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Temperature Type                  

                                5.1.1 Introduction           

                                5.1.2 Chilled       

                                5.1.3 Frozen      

                                5.1.4  Y-o-Y Growth Analysis, By Temperature Type        

                                5.1.5  Market Attractiveness Analysis, By Temperature Type      

                                5.1.6  Market Share Analysis, By Temperature Type        

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Fruits & Vegetables             

                                5.2.3 Dairy          

                                5.2.4 Fish            

                                5.2.5 Meat & Seafood   

                                5.2.6 Pharmaceuticals   

                                5.2.7 Y-o-Y Growth Analysis, By Application         

                                5.2.8 Market Attractiveness Analysis, By Application       

                                5.2.9 Market Share Analysis, By Application        

                5.3 Warehouse Type                     

                                5.3.1 Introduction           

                                5.3.2 Private      

                                5.3.3 Semi-private          

                                5.3.4 Y-o-Y Growth Analysis, By Warehouse Type             

                                5.3.5  Market Attractiveness Analysis, By Warehouse Type          

                                5.3.6  Market Share Analysis, By Warehouse Type           

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Temperature Type

                                                6.1.3.3 By Application

                                                6.1.3.4 By Warehouse Type

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Temperature Type

                                                6.1.4.3 By Application

                                                6.1.4.4 By Warehouse Type

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Temperature Type

                                                6.1.5.3 By Application

                                                6.1.5.4 By Warehouse Type

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Americold Logistics                  

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 LLC                 

                8.3 Lineage Logistics Holdings LLC                             

                8.4 ARGO Merchants Group North America                        

                8.5 Burris Logistics                           

                8.6 Cloverleaf Cold Storage                         

                8.7 Henningsen                

                8.8 Nordic Logistics LLC                 

                8.9 Preferred Freezer Services                  

                8.10 Wabash National                   

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of By Product, and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. United States Cold Storage Market By Temperature Type, From 2019-2025 ( USD Billion )
  2. United States Cold Storage Market By Application, From 2019-2025 ( USD Billion )
  3. United States Cold Storage Market By Warehouse Type, From 2019-2025 ( USD Billion )

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