The US cold storage market provides temperature-controlled storage facilities for perishable items like fresh and frozen food products, pharmaceuticals, chemicals, and more. Cold storage helps extend the shelf life of perishable goods by slowing down bacterial growth and chemical reactions. There has been a rise in demand for processed and packaged food items in the US due to changing consumer lifestyles and busy schedules. This has fueled the need for cold storage facilities that can store large inventories of packaged foods at the required temperatures over long periods.
The US cold storage market is estimated to be valued at USD 41.38 Bn in 2024 and is expected to reach USD 92.04 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 12.1% from 2024 to 2031.
Key Takeaways
Key players operating in the US cold storage are Lineage Logistics, Americold Logistics, U.S. Cold Storage, Inc., Interstate Warehousing, Inc., FreezPak Logistics, Conestoga Cold Storage, Burris Logistics, Vertical Cold Storage, ColdPoint Logistics. Lineage Logistics is the leading player with the largest third-party logistics network. Americold Logistics offers specialized solutions for perishables and temperature-controlled storage and transportation.
There is scope for expanding US Cold Storage Market Demand to cater to the growing demand. Growing popularity of online grocery shopping and emergence of food delivery startups have opened up opportunities for cold chain service providers. Additionally, advances in temperature monitoring technology allow for precise control and real-time monitoring, improving storage efficiency.
Cold storage companies are undertaking strategic expansion initiatives globally. For instance, Lineage Logistics acquired Brazil-based Sagra in 2021 to expand its footprint in South America. Americold acquired VX Cold Chain Logistics to enter the Australian market. Such acquisitions allow companies to capitalize on opportunities in untapped international markets.
Get More Insights on- US Cold Storage Market
Unlock More Insights—Explore the Report in the Language You Prefer:
