Report ID: SQMIC30I2397
Report ID:
SQMIC30I2397 |
Region:
Country |
Published Date: April, 2024
Pages:
198
|
Tables:
60 |
Figures:
75
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.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIC30I2397