USD 38.02 billion
U.S. Cold Storage Market Size, Share, Growth Analysis, By Warehouse Type(Private & semi-private, and public), By Temperature Type(Chilled and frozen), By Region - Industry Forecast 2025-2032
Report ID:
SQMIC30I2397 |
Region:
Country |
Published Date: April, 2024
Pages:
198
|Tables:
60
|Figures:
75
U.S. Cold Storage Market Insights
U.S. Cold Storage Market size was valued at USD 43.15 Billion in 2023 and is poised to grow from USD 48.98 Billion in 2024 to USD 134.88 Billion by 2032, growing at a CAGR of 13.5% during the forecast period (2025-2032).
The U.S. Cold Storage Market is a highly dynamic industry that deals with the storage and distribution of temperature-sensitive products such as food, pharmaceuticals, and chemicals. The purpose of this market is to ensure that these products are preserved and delivered to customers in the best possible condition. However, the market is not without its restraints. One of the major challenges faced by this industry is the high capital investment required to establish cold storage facilities. Additionally, the high operating costs and stringent regulations related to food safety and hygiene are also hindering the growth of the market. Despite these challenges, the U.S. Cold Storage Market is witnessing several key trends that are driving its growth. One such trend is the increasing adoption of automation and technology in the industry. This includes the use of robotics and artificial intelligence (AI) to optimize warehouse operations and improve efficiency. Another trend is the growing popularity of e-commerce and the resulting demand for faster delivery times. As a result, companies in the cold storage industry are investing in last-mile delivery solutions and expanding their reach to remote areas. The U.S. Cold Storage Market presents a plethora of opportunities for growth and expansion. With the increasing demand for temperature-controlled logistics, companies can capitalize on this trend and expand their operations to new geographies. Additionally, the rise of food delivery services and online grocery platforms is creating new avenues for growth in the industry.
U.S. Cold Storage Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Frozen
Fastest Growth
Chilled
Growth Rate
13.5% CAGR
U.S. Cold Storage Market ($ Bn)
States Share for US Region (%)
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U.S. Cold Storage Market Segmental Analysis
U.S. Cold Storage Market is segmented on the basis of warehouse type, temperature type, and region. By warehouse type, the market is segmented into private & semi-private, and public. By temperature type, the market is segmented into chilled and frozen. By region, the market is segmented into the West, Midwest, Northeast, Southeast, and Southwest.
U.S. Cold Storage Market Analysis By Warehouse Type
In 2021, the public segment dominated the U.S. cold storage market. This is mainly due to its popularity among consumers who prefer to lease or use short-term cold storage solutions at affordable prices. Public warehouses, also known as duty-paid warehouses, are operated by third-party providers who offer services such as warehousing, handling, and transportation for a fixed or variable fee.
The private and semi-private segment is expected to grow at a notable CAGR of 11.1% from 2023 to 2030, reflecting the growing demand for private cold storage solutions in the U.S. market. The cost of constructing and maintaining warehouses is significant, making it difficult for smaller companies to own and maintain private warehouses. However, more and more companies are investing in private warehouses as they offer benefits such as greater flexibility, cost control, and the ability to make decisions regarding facility activities and priorities. With increased international trade and consumer spending, cold storage operating profits have risen significantly in the past five years. Additionally, low-interest rates have made it possible for operators to finance new constructions.
U.S. Cold Storage Market Analysis By Temperature Type
In 2021, the frozen segment dominated the US cold storage market, accounting for more than 81%. The growing awareness and demand for convenience foods have resulted in an increased preference for ready-to-cook meals. Additionally, frozen foods are preferred due to their microwave cooking support and ease of packing techniques. These factors have contributed significantly to the rise in the adoption of frozen foods, leading to the growth of this market segment.
The chilled segment is expected to witness a significant shift in growth in the coming years. The chilled segment maintains storage temperatures above -5°C and is used to store fresh fruits and vegetables, eggs, milk, dry fruits, and dehydrated foods, among others. In contrast, the frozen segment maintains temperatures in the range of -10 to -20°F and is used to store frozen vegetables, fish, meat, seafood, and other products.
U.S. Cold Storage Market By Temperature Type
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U.S. Cold Storage Market Regional Insights
The U.S. cold storage market is divided into several regions, each with its own unique characteristics and market drivers. California, with its significant share of cold storage facilities, dominated the market, holding the largest share in terms of revenue in 2021. The state's large population and the high demand for cold storage facilities are significant factors that contribute to California's dominance in the market. In 2021, California had 400 million cubic feet of cold storage space, catering to a vast user base. Moreover, all facilities in the state are regulated by the California Department of Public Health, Food, and Drug Branch, which ensures the maintenance of high-quality standards.
In terms of the fastest-growing region, North Carolina and South Carolina are expected to witness a CAGR of over 15.2% and 14.7%, respectively, from 2022 to 2030. These regions are experiencing rapid growth due to the development of transportation facilities, technological advancements, and increased adoption of frozen foods. The high growth rate can also be attributed to the favorable business environment in these regions, such as low taxes and relaxed regulations. As a result, many cold storage companies are finding lucrative opportunities in North Carolina and South Carolina, leading to market growth in these regions.
U.S. Cold Storage Market By Region
- Largest
- Fastest
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U.S. Cold Storage Market Dynamics
U.S. Cold Storage Market Drivers
Growth in E-Commerce and Home Delivery
- The growth of e-commerce and home delivery services has significantly increased the demand for cold storage facilities. The COVID-19 pandemic has also accelerated this trend, with more consumers opting for online shopping and home delivery services. For instance, online grocery sales in the U.S. increased by 54% in 2021, leading to an increase in demand for cold storage facilities. This trend is expected to continue, driving the growth of the U.S. cold storage market in the coming years.
Increase in Demand for Frozen and Chilled Foods
- There has been a significant increase in demand for frozen and chilled foods, driven by changing consumer preferences and lifestyles. Consumers are looking for convenient and healthy food options that can be prepared quickly, and frozen and chilled foods provide an ideal solution. For instance, the frozen pizza market in the U.S. is expected to reach $8.71 billion by 2026, driven by increasing demand for convenient and quick meal options.
U.S. Cold Storage Market Restraints
High Capital Investment
- The construction and maintenance of cold storage facilities require significant capital investment, making it challenging for small and medium-sized companies to enter the market. The high cost of land, construction materials, and energy also increases the operating costs of these facilities, which can be a significant restraint for operators.
Energy Consumption
- Cold storage facilities consume a significant amount of energy, making them less environmentally friendly. The high energy consumption is mainly due to the need to maintain low temperatures in the facilities. Operators are increasingly adopting sustainable practices to reduce their carbon footprint and energy consumption. However, this can be a significant restraint, especially in regions where energy costs are high.
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U.S. Cold Storage Market Competitive Landscape
The U.S. Cold Storage Market is a mature and highly competitive market, driven by the increasing demand for frozen and refrigerated food products, including meat, dairy, seafood, and fruits and vegetables. The market is characterized by the presence of several large players, as well as small and medium-sized companies operating in the market. Some of the key players in the U.S. cold storage market are focusing on expanding their geographic presence, enhancing their service offerings, and investing in new technologies and automation to remain competitive in the market. They are also adopting strategies such as mergers and acquisitions, partnerships, and collaborations to strengthen their market position and gain a competitive advantage. Moreover, sustainability and environmental concerns have become a major focus for players in the cold storage market, with many companies implementing green initiatives, such as using renewable energy sources, reducing greenhouse gas emissions, and implementing recycling programs.
U.S. Cold Storage Market Top Player’s Company Profiles
- Preferred Freezer Services
- VersaCold Logistics Services
- Tippmann Group
- Congebec Logistics Inc.
- Agro Merchants Group LLC
- Cloverleaf Cold Storage Co.
- Henningsen Cold Storage Co.
- Emergent Cold
- NewCold Advanced Cold Logistics
- Nichirei Logistics Group Inc.
- Interstate Warehousing Inc.
- Burris Logistics
- Kloosterboer
- Swire Cold Storage
- Nordic Logistics and Warehousing LLC
- Hanson Logistics
- XPO Logistics Inc.
U.S. Cold Storage Market Recent Developments
- In January 2024, KORE Power unveiled two all-in-one DC Block products tailored for the energy storage sector. KORE now provides a 750 kWh LFP DC Block and a 1.3 MWh NMC DC Block, offering scalable battery energy storage systems (BESS) that can be customized for various applications. These systems are delivered to the site fully assembled and are manufactured in the USA.
- In January 2024, Cambodia witnessed the inauguration of its inaugural cross-docking warehouse, the Kandal Cold Storage Project, situated along the banks of the Mekong River in Kandal province. This facility was purposefully designed to mitigate food waste and preserve temperature-sensitive agricultural products.
- In February 2024, Americold Realty Trust, a prominent figure in temperature-controlled logistics, real estate, and value-added services, unveiled its intention to construct its inaugural facility. This plan comes to fruition through a strategic partnership with Canadian Pacific Kansas City, aimed at co-locating Americold warehouse facilities on the CPKC network.
U.S. Cold Storage Key Market Trends
- Technological Advancements: There have been significant technological advancements in the cold storage industry, including the adoption of automation, robotics, and IoT devices. These technologies have led to increased efficiency, reduced labor costs, and improved product quality. For instance, automated storage and retrieval systems (ASRS) have become increasingly popular in the industry, providing high-density storage and faster retrieval times.
- Growth of Multi-Temperature Warehousing: The growth of multi-temperature warehousing is another significant trend in the U.S. cold storage market. Multi-temperature facilities offer different temperature zones within the same warehouse, allowing for the storage of different products at different temperatures. This provides greater flexibility and efficiency for operators, leading to increased demand for such facilities. For instance, Americold Realty Trust recently opened a multi-temperature facility in Chicago, providing storage for frozen, refrigerated, and dry products.
U.S. Cold Storage Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our U.S. Cold Storage Market analysis, the market is expected to grow significantly in the coming years, driven by the increasing demand for temperature-controlled storage and logistics services in various industries, including food and beverage, pharmaceuticals, and chemicals. Factors such as the growing population, changing consumer preferences, and the rise of e-commerce are also contributing to the market's growth. Additionally, technological advancements such as the development of automated storage and retrieval systems, real-time monitoring and tracking, and data analytics are helping to improve efficiency and reduce costs for cold storage providers. However, the market is also facing challenges such as rising energy costs, strict regulatory requirements, and the shortage of skilled workers, which could impact its growth in the future. Overall, the U.S. cold storage market is expected to remain highly competitive, with leading companies investing in expansion, innovation, and strategic partnerships to maintain their market position and meet the evolving needs of customers.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 43.15 Billion |
| Market size value in 2032 | USD 134.88 Billion |
| Growth Rate | 13.5% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on U.S. Cold Storage Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on U.S. Cold Storage Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the U.S. Cold Storage Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the U.S. Cold Storage Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the U.S. Cold Storage Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the U.S. Cold Storage Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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