U.S. Cold Storage Market Size & Overview:

U.S. Cold Storage Market Revenue Analysis

Get More Information on U.S. Cold Storage Market Request Sample Report


U.S. Cold Storage Market size was valued at USD  37.39 billion in 2023 and is expected to reach USD 114.12 billion by 2032 and grow at a CAGR of 13.2% over the forecast period 2024-2032.

Rising consumer demand for fresh and healthy produce, along with an expanding preference for convenience foods, requires efficient cold storage solutions to maintain product quality and extend shelf life. Perishable things like natural products, vegetables, and pre-made meals depend on cold storage to remain fresh and reach shoppers in ideal condition. The burgeoning pharmaceutical and healthcare sectors are altogether expanding demand for cold storage. These industries require specialized storage for temperature-sensitive medications, vaccines, and organic tests, guaranteeing their adequacy and safety.

Automation and robotics are playing a major part, with advances like Automated Storage and Retrieval Systems (ASRS) optimizing storage density and recovery times, driving the improved efficiency and reduced labour costs.  Internet of Things (IoT) integration permits for real-time temperature checking and remote management of facilities, guaranteeing ideal conditions and minimizing product spoilage. These advancements not only enhance operational efficiency but moreover contribute to sustainability by decreasing energy consumption through improved temperature control.

Some Southeastern states, for example, offer tax breaks and incentives forces to encourage investment in cold storage facilities. This cultivates the advancement of much-needed infrastructure in these areas, especially those flourishing agricultural sectors producing natural products, vegetables, and poultry.  Similarly, some West Coast states are offering grants or funding to modernize existing cold storage facilities.

U.S. Cold Storage Market Dynamics:

Key Drivers:

  • The rise of the pharmaceutical and life sciences industries creates demand for specialized cold storage of medicines and biological samples.

  • Advancements in automation and robotics are optimizing storage capacity, improving efficiency, and reducing labour costs in cold storage facilities.

  • E-commerce and home delivery services are significantly increasing the demand for cold storage to maintain product quality during transportation.

  • Growing consumer preference for fresh, healthy, and convenient food options is driving demand for cold storage.

Consumers are looking for the fresh, healthy and helpful nourishment alternatives. This has driven the rise in demand for cold storage facilities. People are eating more healthier, which implies more natural products, vegetables, dairy items, and pre-made meals require to be kept fresh at particular temperatures. Cold storage helps these things remain nutritious and high-quality from cultivate to table, meeting consumer desires for both freshness and security. Busy lives lead people to look for out ready-to-eat or quick-to-prepare choices that are still fresh. This trend isn't just for individual consumers, but moreover for businesses like restaurants and grocery stores that require effective ways to store fresh food to meet customer demand. Even better, innovation is making cold storage facilities more energy-efficient and feasible, which is great for the environment. Hence, more money is being contributed in building modern cold storage facilities. This is all driven by the changing habits of buyers and stricter rules around food security. The desire for fresh, healthy and convenient food is a major reason why cold storage is getting to be more and more important. It's changing the food supply chain and driving to development in storage and transportation.


  • Skilled labour shortage in the cold storage industry can pose challenges in managing and maintaining these facilities efficiently.

  • Fluctuations in energy prices can significantly impact the operational costs of running cold storage facilities.

Cold storage facilities are like giant refrigerators, constantly keeping food fresh at low temperatures. This means they utilize a lot of energy, and the cost of that energy can jump around a lot. This fluctuations in energy costs makes it difficult for cold storage businesses to arrange their budgets. When energy costs go up, the cost of running the fridges goes up as well, which decreases their profits. Businesses might at that point attempt to spare cash by utilizing less energy, which could risk spoiling the food. Thus, if the energy costs drop, cold storage businesses can make more cash and possibly lower their costs for clients. The issue is that no one knows for sure which way energy prices will go. This uncertainty makes it difficult for cold storage businesses to plan for the future.

U.S. Cold Storage Market Segments:

By Temperature Type

  • Chilled

  • Frozen

The frozen is the dominating sub-segment in the U.S. cold storage market by temperature type holding around 80-85% of market share. The frozen temperatures offer the longer shelf life for wider variety of the products including meat, seafood, vegetables and pre-made meals. This extended storage period allows for greater flexibility in managing inventory and reducing the spoilage. The demand for frozen convenience foods remains high due to the busy lifestyles and the increasing popularity of the pre-packaged meals. Advancements in freezing technology have ensured that, frozen food retains its quality and nutritional value which makes it viable alternative to fresh produce for many consumers. Thus, chilled storage plays a crucial role in the market as well, catering to products like fruits, vegetables, and dairy items that requires specific temperature control to maintain freshness and prevent spoilage.


Get Customized Report as per your Business Requirement - Request For Customized Report

By Warehouse Type

  • Private & Semi-private

  • Public

The Public cold storage is the dominating sub-segment in the U.S. cold storage market by warehouse type. Public warehouses offer greater flexibility for the businesses of all sizes, as they can rent space on demand without the high upfront costs associated with building and maintaining their own facilities. The public storage providers often specialize in specific temperature ranges or product types, catering to the diverse needs of various clients. These facilities benefit from economies of scale, allows them to invest in the advanced technologies and automation systems that might be cost-prohibitive for smaller players. Thus, private and semi-private storage offer advantages such as greater control over storage conditions and security measures, which make them a suitable option for businesses with specific requirements or high-value products.

By Construction Type

  • Bulk Storage

  • Production Stores

  • Ports

By Application

  • Fruits & Vegetables

  • Dairy

  • Fish, Meat & Seafood

  • Processed Food

  • Pharmaceuticals

U.S. Cold Storage Market Country Analyses:

The Southeast region, encompassing states like Florida, Georgia, and North Carolina, is experiencing a rise in cold storage development due the flourishing agricultural sector producing fruits, vegetables, and poultry necessitates robust cold storage infrastructure for preservation. Rapid population growth increases demand for fresh produce and ready-to-eat meals, all reliant on cold storage. Proximity to major Atlantic Coast ports facilitates import and export of temperature-controlled goods, further boosting demand. Some Southeastern states offer tax breaks and incentives to encourage investment in cold storage facilities, further accelerating growth.

The West Coast, comprising California and other Pacific states, is another prominent growing region. The major agricultural producer, supplies a significant portion of the nation's fresh produce. Efficient cold storage infrastructure is crucial for maintaining quality during long-distance transportation. The West Coast is a hub for e-commerce activity, with a growing demand for cold storage facilities to support the efficient delivery of temperature-controlled food items. Some West Coast states offer grants or funding to modernize existing cold storage facilities, promoting energy efficiency and sustainability.

U.S. Cold Storage Market Key Players

The major key players are Americold Logistics, Inc., AGRO Merchants Group North America, Burris Logistics, Henningsen Cold Storage Co., Lineage Logistics Holdings, LLC, Nordic Logistics, Preferred Freezer Services, VersaCold Logistics Services, United States Cold Storage, Wabash National Corporation and other key players.

Henningsen Cold Storage Co-Company Financial Analysis

Company Landscape Analysis

U.S. Cold Storage Market Recent Development

  • In March 2024: Americold significantly expanded its existing facility in Russellville by building a new 131,000 sq ft automated warehouse. This addition boosts storage capacity by 42,000 pallets and 13 million cubic feet.

  • 11 August 2023: Lineage Logistics, a major temperature-controlled storage company, announced a partial joint venture with Hanoi's SK Logistics, a cold storage operator. The agreement expands Lineage's reach into Southeast Asia's growing cold storage market.

U.S. Cold Storage Market Report Scope:

Report Attributes Details
Market Size in 2023 US$ 37.39 Billion
Market Size by 2032 US$ 114.12 Billion
CAGR CAGR of 13.2% From 2024 to 2032
Base Year 2023
Forecast Period 2024-2032
Historical Data 2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Temperature Type (Chilled, Frozen)
• By Warehouse Type (Private & Semi-Private, Public)
• By Construction Type ( Bulk Storage, Production Stores, Ports )
• By Application ( Fruits & Vegetables, Dairy, Fish, Meat & Seafood, Processed Food, Pharmaceuticals )
Regional Analysis/Coverage USA
Company Profiles Americold Logistics, Inc., AGRO Merchants Group North America, Burris Logistics, Henningsen Cold Storage Co., Lineage Logistics Holdings, LLC, Nordic Logistics, Preferred Freezer Services, VersaCold Logistics Services, United States Cold Storage, Wabash National Corporation
Key Drivers • The rise of the pharmaceutical and life sciences industries creates demand for specialized cold storage of medicines and biological samples.
• Advancements in automation and robotics are optimizing storage capacity, improving efficiency, and reducing labour costs in cold storage facilities.
Restraints • Skilled labour shortage in the cold storage industry can pose challenges in managing and maintaining these facilities efficiently.
• Fluctuations in energy prices can significantly impact the operational costs of running cold storage facilities.

Frequently Asked Questions

Ans: The expected CAGR of the U.S. Cold Storage Market during the forecast period is 13.2%.

Ans: The U.S. Cold Storage Market was valued at USD 37.39 billion in 2023.

Ans: Consumers' demand for fresh, healthy food, along with growth in pharmaceuticals and e-commerce, are fueling market expansion.

Ans: High upfront costs for facilities, strict regulations, and a skilled labor shortage can hinder growth.

Ans: Major players include Americold Logistics, Lineage Logistics, and United States Cold Storage, among others.


1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Industry Flowchart

3. Research Methodology

4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges

5. Porter’s 5 Forces Model

6. Pest Analysis

7. U.S. Cold Storage Market Segmentation, By Temperature Type
7.1 Introduction
7.2 Chilled
7.3 Frozen

8. U.S. Cold Storage Market Segmentation, By Warehouse Type
8.1 Introduction
8.2 Private & Semi-private
8.3 Public

9. U.S. Cold Storage Market Segmentation, By Construction Type
9.1 Introduction
9.2 Bulk Storage
9.3 Production Stores
9.4 Ports

10. U.S. Cold Storage Market Segmentation, By Application
10.1 Introduction
10.2 Fruits & Vegetables
10.3 Dairy
10.4 Fish, Meat & Seafood
10.5 Processed Food
10.6 Pharmaceuticals

11. Country Analysis
11.1 Introduction
11.2 U.S.
11.2.1 Trend Analysis
11.2.2 U.S. Cold Storage Market Segmentation, By Temperature Type
11.2.3 U.S. Cold Storage Market Segmentation, By Warehouse Type
11.2.4 U.S. Cold Storage Market Segmentation, By Construction Type
11.2.5 U.S. Cold Storage Market Segmentation, By Application

12. Company Profiles
12.1 Americold Logistics, Inc.
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 The SNS View
12.2 AGRO Merchants Group North America
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 The SNS View
12.3 Burris Logistics
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 The SNS View
12.4 Henningsen Cold Storage Co.
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 The SNS View
12.5 Lineage Logistics Holdings, LLC
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 The SNS View
12.6 Nordic Logistics
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 The SNS View
12.7 Preferred Freezer Services
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 The SNS View
12.8 VersaCold Logistics Services
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 The SNS View
12.9 United States Cold Storage
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 The SNS View
12.10 Wabash National Corporation
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 The SNS View

13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions

14. Use Case and Best Practices

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.


The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

  •            5000 (33% Discount)

  •            8950 (40% Discount)

  •            3050 (23% Discount)

Start a Conversation

Hi! Click one of our member below to chat on Phone