North America Cold Chain Market Size 2023-2028, Industry Share, Demand, Service Type, Temperature, End User and Forecast

The latest research study “North America Cold Chain Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the North America cold chain market size reached US$ 67.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 104.1 Billion by 2028, exhibiting a growth rate (CAGR) of 7.3% during 2023-2028.

North America Cold Chain Market Outlook 2023-2028

A cold chain system is a series of steps that maintain the quality of products at a desired low temperature. Cold chains preserve, ensure, and extend the shelf life of temperature-sensitive products, such as agricultural produce, frozen food, seafood, chemicals, photographic films and pharmaceutical products. It also maintains product-specific environmental parameters such as humidity and carbon dioxide levels. As a result the cold chain is witnessing a significant demand across the food and beverage (F&B), pharmaceutical and chemical industries.

Market Trends:

The rising penetration of connected devices and rapid automation of refrigerated warehouses are some of the key factors driving the market growth in North America. The changing dietary habits due to the rising prevalence of lifestyle diseases has surged the demand for food products with high levels of proteins, minerals, vitamins, and good fats, which, in turn, is boosting the market growth. In line with this, the potency of vaccines and biopharmaceuticals requires temperature-controlled packaging, transportation, and storage, which has further surged the demand for cold chains across the region, especially during the COVID-19 pandemic. Apart from this, the growing number of clinical trials employing temperature-sensitive materials, such as tissue and blood samples, and rapid technological advancements are factors providing an impetus to the market growth.

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North America Cold Chain Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:             

The competitive landscape of the North America cold chain market has been studied in the report with the detailed profiles of the key players operating in the market.

Major Players Covered: 

• Americold Logistics
• Lineage Logistics
• United States Cold Storage, Inc.
• VersaCold Logistics Services
• AGRO Merchants Group
• Interstate Warehousing, Inc.

Market Segmentation:

The report has segmented the North America cold chain market on the basis of service type, temperature, end user and country.

Based on Service Type:

• Refrigerated Storage
• Refrigerated Transport

Based on Temperature:

• Chilled
• Frozen

Based on End User:

• Meat and Seafood
• Dairy and Frozen Products
• Fruits and Vegetables
• Bakery and Confectionery
• Pharmaceuticals
• Others

Breakup by Country:

• United States
• Canada

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us                             

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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