Base Year
Historical Year
Forecast Year
The North America cold chain market reached a value of approximately USD 116.85 billion in 2023. The market is projected to grow at a CAGR of 9.5% between 2024 and 2032, reaching a value of around USD 264.77 billion by 2032.
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The North America cold chain market is propelled by the increased global trade of temperature-sensitive products, rising demand from the pharmaceutical and healthcare industries, and expansion of e-commerce and online grocery delivery services.
Increasing environmental awareness is driving cold chain operators to adopt sustainable practices, including eco-friendly packaging solutions and refrigeration systems with high energy efficiency.
As stated by USDA, in the U.S. 96% of all frozen red meat was kept stored in cold storage as of January 31, 2024, whereas it was 87% on February 28, 2023
According to Statistics Canada, the combined stock of frozen and chilled meats in Q1 and Q2 of 2024 amounted to 128,080 and 131,778 units respectively, boosting the North America cold chain market growth.
Increasing demand for fresh and frozen food, e-commerce expansion, technological advancements, and regulatory compliance are the major trends impacting the North America cold chain market growth.
June 2024
CJ Logistics America, a pioneering company in supply chain solutions and technology, has revealed plans to inaugurate a fresh cold storage facility in New Century, Kansas, situated nearly 30 miles from Kansas City.
April 2024
Lineage Logistics, a worldwide cold chain logistics provider, is introducing a cross-border transportation service that connects warehouses and markets in the US and Canada. This expands its distribution network and services in both countries.
April 2024
Agile Cold Storage, serving North American food industry players, plans a $45.9 million investment for a 150,000-square-foot automated cold storage facility in St. Tammany Parish, enhancing its logistical capabilities.
February 2024
United States Cold Storage Inc. is set to finalise an 8.56-million-cubic-foot refrigerated extension at its Tulare North warehouse in Tulare by February 2025.
Increasing Demand for Fresh and Frozen Food
With consumer preferences leaning towards healthier and more convenient food choices, the demand for frozen food items is increasing, highlighting the need for a robust cold chain infrastructure.
E-commerce Expansion
Online grocery shopping and meal kit delivery services' growth has heightened the need for cold chain logistics, ensuring safe and prompt delivery of perishable items to consumers' homes.
Technological Advancements
Technological advancements like IoT-enabled monitors, RFID tracking, and temperature-controlled packaging enhance cold chain operations, boosting real-time visibility and guaranteeing product quality and safety.
Regulatory Compliance
Stringent food safety regulations and quality standards are driving the adoption of cold chain technologies to maintain the integrity of perishable products throughout the supply chain.
In the North America cold chain sector, major development includes the rising shift towards investment in sustainable practices such as energy-efficient refrigeration systems, alternative fuels for transportation, and eco-friendly packaging solutions.
The pharmaceutical and healthcare industries require specialised cold chain logistics to transport temperature-sensitive medications and vaccines, driving the expansion of cold chain capabilities in North America.
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“North America Cold Chain Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Service Type
Market Breakup by Temperature
Market Breakup by End Use
Market Breakup by Country
Refrigerated storage boosts the North America cold chain market growth by preserving the freshness and quality of perishable items like fruits, vegetables, and meats through temperature and humidity control, thereby prolonging their shelf life.
Beyond food and beverage, refrigerated storage facilities also serve the pharmaceutical, healthcare, and biotechnology sectors, where temperature-sensitive products like vaccines, medicines, and biological samples require specialised storage conditions.
The integration of refrigerated transport across multiple modes of transportation expands the accessibility and reach of the cold chain network, enabling the efficient distribution of perishable goods to diverse geographic locations across North America.
Pharmaceuticals drive growth of the North America cold chain market by producing a wide range of temperature-sensitive products, including vaccines, and medications that require precise temperature control throughout the supply chain to maintain efficacy and integrity.
The pharmaceutical industry conducts numerous clinical trials and research studies that involve the transportation of biological samples, specimens, and investigational drugs. Cold chain logistics are essential for maintaining the integrity of these materials during transit.
Dairy and frozen products often face seasonal fluctuations in demand. Cold chain infrastructure enables producers to store surplus inventory during peak seasons and distribute it efficiently year-round, reducing waste and meeting consumer demand.
The logistics services are specialized in providing reliable logistics solutions by handling temperature-sensitive products.
Americold Logistics LLC: Founded in 1903 and is headquartered in Atlanta, Georgia. The company is the world’s largest publicly traded REIT and a global leader in temperature-controlled warehousing and logistics.
Lineage Logistics Holding, LLC: Established in 1886 and is headquartered in Novi, MI. Lineage is a leading global temperature-controlled industrial REIT and solutions provider, operating over 480 strategically located facilities worldwide.
United States Cold Storage Inc.: Founded in 1889 and is headquartered in Camden, NJ. The company is dedicated to leading the frozen and refrigerated food industry by providing reliable logistics solutions.
VersaCold Logistics Services: Founded in 1946 and is a Vaughan, ON-based company. VersaCold is Canada's largest supply chain company that specialises exclusively in handling temperature-sensitive products.
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The United States dominates the North American cold chain industry due to its robust biopharmaceutical sector. As a leading market for temperature-sensitive healthcare products like vaccines and biopharmaceuticals, the US fuels significant growth within the regional cold chain throughout the forecast period.
According to the U.S. Centers for Disease Control and Prevention, in Vaccine Storage and Handling Toolkit - January 2023 it was stated that refrigerators should maintain temperatures between 2° C and 8° C (36° F and 46° F).
According to the Government of Canada, the storage temperature for frozen vaccines is between -50° C and -15° C (-58° F and +5° F).
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Service Type |
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| Breakup by Temperature |
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| Breakup by End Use |
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| Breakup by Country |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
North America Cold Chain Market Size
North America Cold Chain Market Growth
North America Cold Chain Market Trends
North America Cold Chain Market Share
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market was valued at USD 116.85 billion in 2023.
The market is projected to grow at a CAGR of 9.5% between 2024 and 2032.
The revenue generated from the North America cold chain market is expected to reach USD 264.77 billion in 2032.
The major market drivers include rising disposable incomes, increasing population, the surging consumption of meat and seafood, and the growing demand for processed food products.
The rising demand for organic food, the surging usage of temperature sensitive healthcare products, and increasing number of clinical trials in the United States and Canada are the key trends guiding the market.
The leading countries in the North America market are the United States of America and Canada.
The market is categorised according to the service type, which includes refrigerated storage and refrigerated transport.
The market is categorised according to the temperature, which includes frozen and chilled.
Based on the end use, the market is divided into meat and seafood, dairy and frozen products, fruits and vegetables, bakery and confectionery, pharmaceuticals, and others.
The market key players are Americold Logistics LLC, Lineage Logistics Holding, LLC, United States Cold Storage Inc., and VersaCold Logistics Services among others.
Based on the aircraft type, the market is divided into commercial aviation, general aviation, military aviation, and others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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