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The North America cold chain market reached a value of US$ 61.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 99.7 Billion by 2027, exhibiting a CAGR of 8.6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Cold chain is a temperature-controlled supply chain, it involves a series of refrigerated storage, production and distribution activities, along with equipments that ensure that a desired temperature range is maintained. Cold chains preserve, extend and ensure the shelf life of various temperature sensitive products.
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The market for cold chain services is currently exhibiting strong growth in North America. A key factor driving the demand of the cold chain market in North America has been a change in the dietary habits in the region. As a result of rising obesity levels and an increasing prevalence of lifestyle diseases, consumers are increasing their intake of proteins, vitamins, minerals, good fats, etc. and reducing their carbohydrate intake. This has catalyzed the demand of food products such as meat, fruits, vegetables and dairy products in the region. These products are temperature sensitive and require cold chains to be stored and transported from one place to another. Moreover, the United States represents the worlds largest market for temperature sensitive healthcare products such as biopharmaceuticals, vaccines and clinical trial materials. The potency of biopharmaceuticals and vaccines requires temperature-controlled packaging, storage and transportation. Any sudden temperature variation may result in the loss of chemical activity and make the drug harmful for the human body. Moreover, the rising number of clinical trials employing various temperature sensitive materials such as blood samples, tissue samples and certain drugs, have also catalyzed the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the North America cold chain market, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on service type, temperature and end user.
Breakup by Service Type:
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Refrigerated storage currently dominates the market, holding the largest share.
Breakup by Temperature:
Chilled temperature holds the largest market share.
Breakup by End User:
Meat and seafood currently dominate the market, holding the largest share.
Breakup by Country:
United States is currently the biggest market.
The report has also examined the competitive landscape of the North America Cold Chain Market. Some of the major players include: Americold Logistics, Lineage Logistics, United States Cold Storage, Inc., VersaCold Logistics Services, AGRO Merchants Group and Interstate Warehousing, Inc.
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion |
| Segment Coverage | Service Type, Temperature, End User, Country |
| Countries Covered | United States, Canada |
| Companies Covered | Americold Logistics, Lineage Logistics, United States Cold Storage, Inc., VersaCold Logistics Services, AGRO Merchants Group and Interstate Warehousing, Inc. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The North America cold chain market was valued at US$ 61.8 Billion in 2021.
We expect the North America cold chain market to exhibit a CAGR of 8.6% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic has led to the rising inclination towards cold chain facilities specifically in the healthcare sector for organized distribution of temperature sensitive healthcare products, such as vaccines, pharmaceuticals, clinical trial materials, etc., thereby positively influencing the market growth.
The increasing requirement for reducing the wastage of perishable products as well as commodities and the growing consumer preference towards processed and frozen food products, are primarily driving the North America cold chain market.
Based on the service type, the North America cold chain market can be segmented into refrigerated storage and refrigerated transport. Currently, refrigerated storage exhibits a clear dominance in the market.
Based on the temperature, the North America cold chain market has been bifurcated into chilled and frozen, where chilled temperature currently accounts for the majority of the total market share.
Based on the end user, the North America cold chain market can be divided into meat and seafood, fruits and vegetables, bakery and confectionery, dairy and frozen products, pharmaceuticals, and others. Currently, meat and seafood holds the largest market share.
On a regional level, the market has been classified into United States and Canada, where United States currently dominates the North America cold chain market.
Some of the major players in the North America cold chain market include Americold Logistics, Lineage Logistics, United States Cold Storage, Inc., VersaCold Logistics Services, AGRO Merchants Group, and Interstate Warehousing, Inc.
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