US Cold Storage Market Poised to Grow at a Substantial Pace Owing to Higher Demand from Food and Beverage Industry

 
US Cold Storage Market Demand

The US cold storage market provides temperature-controlled facilities for storage of perishable food products along with other temperature sensitive items like food ingredients, pharmaceuticals, chemicals, and more. Cold storage facilities help in extending the shelf-life of products by maintaining optimum temperature ranges along with high air quality and moisture levels. Rapidly evolving customer demands, rising exports of perishables, and requirement for year-long product availability has augmented the demand for cold storage infrastructure in the country.

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 market 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. These players are focusing on capacity expansion and technological advancements to strengthen their foothold.

The US Cold Storage Market Demand provides numerous opportunities for players in terms of value-added services, multi-temperature facilities, automation & digital solutions. Moreover, rising exports of perishables from the country also present new avenues.

North America dominates the global cold storage market owing to high consumption of frozen food. However, Asia Pacific is expected to witness fastest growth on back of growing middle-class, changing dietary habits, and focus toward reducing food wastage in developing countries of the region.

Market drivers

Higher demand from the food and beverage industry acts as a key driver for the US cold storage market. Cold storage infrastructure plays a vital role in effectively storing, preserving and distribution of perishable food items. Growing household consumption of frozen food, dairy, meat and seafood has augmented the requirement for cold warehouse facilities from food processors and retailers. This rising demand from the food sector is estimated to propel the market growth over the forecast period.

PEST Analysis

Political: The US cold storage market is subjected to various regulations related to food safety and standards set by regulatory bodies like FDA and USDA. Changes in trade policies and tax policies also impact the market.

Economic: A stable economy and rising disposable incomes drive the demand for convenience and ready-to-eat food products in the country that require cold storage facilities. Higher domestic consumption and export opportunities benefit market players.

 Social: Changing lifestyles and busy schedules have increased the demand for packaged, ready-to-eat foods that need to be stored and transported at specified temperatures leading to market growth. Growing health-consciousness also supports cold storage of perishables.

Technological: Automation of warehouses and implementation of technologies like IoT, robotics and automated material handling equipment help achieve greater efficiency and reduce operational costs. Adoption of renewable energy sources in cold storage facilities further drives the market.

The Western region accounts for the largest market share currently mainly due to strong demand from states like California and abundance of food production and processing industries. The Northeast region is also a major market led by states like New York and Pennsylvania that have a large number of cold storage facilities.

The Southern region comprising states like Texas, Florida and Georgia is witnessing fastest growth supported by population growth, expanding logistics infrastructure and investments in food processing. Inland locations are also emerging as low-cost alternatives for cold storage facilities catering to the growing regional demand.

Get More Insights on- US Cold Storage Market

Unlock More Insights—Explore the Report in the Language You Prefer:

·     French

·     German

·     Italian

·     Russian

·     Japanese

·     Chinese

·     Korean

·     Portuguese

About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)



Comments

Post a Comment

Popular posts from this blog

Reach Stackers: Amazing Machines Transforming Material Handling at Port Terminals

Image
Reach Stackers Market Reach Stackers: Amazing Machines Transforming Material Handling at Port Terminals Reach stackers, also known as horizontal stackers market, are versatile machinery used extensively at port terminals and container yards for stacking and transporting shipping containers. The key features that differentiate stackers from other types of material handling equipment include its ability to lift containers from the ground and stack them multiple high in adjacent rows without the need for pre-existing stacks. This horizontal stacking capability allows reach stackers to operate efficiently even in confined spaces. Working Mechanism and Features These Reach Stackers Market use a telescopic boom with a spreader attachment to pick containers from trucks, trailers or ground racks and transfer them to different locations. The boom can extend and retract hydraulically to reach varying distances and heights. Mounted on rubber tires, these stackers are highly mobile and can tr...
Read more

Cultural Tourism: A Global Expedition Through The Riches Of Cultural Travel

Image
Cultural Tourism What is Cultural Tourism? A cultural tourist is someone who travels to learn about and experience other cultures and local ways of life. Cultural travel refers to trips taken by people for activities and experiences that represent the culture, heritage, history, traditions, cuisines, arts and architecture of a destination. It involves visiting historic sites and cultural attractions to understand the culture and uniqueness of a place. Types of Cultural Attractions There are various types of attractions that draw cultural tourists to destinations around the world: Museums and Art Galleries Museums preserve cultural heritage by collecting, documenting and displaying objects of artistic, scientific, cultural and historical significance. Art galleries feature the works of individual artists or styles of artwork. Some of the most popular cultural attractions globally are museums like the Louvre in Paris and the British Museum in London. They share the history, art and ...
Read more

Acrylic Teeth: A Complete Guide to Choosing and Caring for False Teeth Made from Acrylic Resin

Image
  What are Acrylic Dentures? Acrylic dentures, also known as false teeth or dental prosthetics, are artificial replacements for missing teeth and surrounding tissues made from a type of plastic called acrylic resin. Acrylic resin, which is commonly known by brand names like Lucite and Plexiglas, is a tough yet lightweight thermoplastic that can be molded and remolded while hardening. This makes it ideally suited for creating customized replacement teeth that fit the contours of a person's mouth. The Process of Fabricating Acrylic Teeth The process of fabricating Acrylic Teeth dentures usually involves taking an impression of the patient's mouth using alginate impression material. This impression is then used to create a plaster or stone model that precisely replicates the shape and alignment of the patient's gums and jawbones. Dental technicians then sculpt replacement teeth made of acrylic to match the patient's natural teeth in terms of size, shape, color and posit...
Read more