The global 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 the forecast period, according to a new report by IMARC Group. Cold chain refers to the system of transporting and storing temperature-sensitive products, such as vaccines, blood, and food, at a specific temperature range to maintain their quality, efficacy, and safety.
North America Cold Chain Market Outlook:
The cold chain begins at the point of manufacture and extends through transportation, storage, and distribution, ensuring that the products are maintained within the required temperature range. The cold chain is crucial for preserving the potency and efficacy of vaccines, which are sensitive to heat and cold, and preventing the spoilage of perishable food items. Effective management of the cold chain is essential to ensure that these critical products reach their intended destination in optimal condition, and several organizations and governments have established guidelines and regulations to ensure the proper management of the cold chain.
North America Cold Chain Industry Trends:
The increasing demand for fresh and frozen food across the North America region represents a key factor driving the market growth. Since cold chain helps in maintaining the quality and freshness of food throughout the supply chain, this is acting as a major growth-inducing factor. In addition to this, the rising penetration of connected devices and the presence of a large consumer base are contributing to the growth of the market. In line with this, the increasing automation of refrigerated warehouses is boosting the demand for cold chains. Apart from this, the increasing demand from the health and pharmaceutical industries is creating a positive outlook for the market in the region.
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Key Market Players:
The key players in this market include Americold Logistics, Lineage Logistics, United States Cold Storage, Inc., VersaCold Logistics Services, AGRO Merchants Group and Interstate Warehousing, Inc.
North America Cold Chain Market Segmentation:
The report has segmented the market into the following categories:
Breakup by Service Type:
- Refrigerated Storage
- Refrigerated Transport
Breakup by Temperature:
- Chilled
- Frozen
Breakup by 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.
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