U.S. Refrigerated Warehousing Market – Industry Trends and Forecast to 2029

U.S. Refrigerated Warehousing Market Analysis and Insights

Refrigerated warehousing is referred to as senior care, which includes meeting all the requirements A refrigerated warehousing can be defined as an industrial complex consist of facilities and equipment to store perishable or temperature-sensitive products. The refrigerated warehouses helps in offering temperature controlled services to producers, retailers, and food service providers of various industries. Latest and innovative technologies are used to maximize the efficiency and to store products in temperature-controlled environment. The refrigerated warehouses are used to store food products, beverages, dietary supplements, personal care products, pharmaceuticals & biological products, and other products.

Nowadays, innovative and new refrigerated warehouses are available with different and new technologies such as automated, blast freezing, vapor compressor, evaporative cooling, and others. The growing demand for refrigerated warehouses to store perishable food products, coupled with a rapid expansion of retail network in the U.S. and Canada, is anticipated to boost the demand for the market. However, high operating cost of refrigerated warehouses may hamper the growth of the market.

Technological advancement to improve the efficiency will create immense opportunity for the growth of the market, whereas stiff competition among market players may create a challenge for the growth of the market.

U.S. refrigerated warehousing market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.8% in the forecast period of 2022 to 2029 and is expected to reach USD 14,002.84 million by 2029.

Refrigerated Warehousing Market Dynamics

Drivers

• Growing demand for refrigerated warehousing storage to store perishable food products

The rising demand to increase the shelf life of food products and to reduce the food wastage, is increasing the demand for cold storage facilities as they provide temperature-controlled conditions. Moreover, the demand for sustainable and fresh food has increased among U.S. consumers in recent years which is also increasing the import of fresh food products in cold-storage facilities.

• Rapid Urbanization and the Expansion of Retail Channels

Rapid urbanization has eventually brought in the requirement of retail channels to meet the increasing requirement of the end users which has eventually brought in the requirement for cold refrigeration. The need for new cold storage capacity is amplified by the fact that many existing food buildings are old, inefficient, and poorly suited to deal with e-commerce.

Opportunities

• Technological Advancements in Refrigerated Warehousing

Technological advancements in terms of automated handling, inventory tracking, and real-time temperature tracking coupled with diversification initiatives will help the market by providing future market growth. The rising demand for new technology to cut down the additional cost as well as improve the efficiency of refrigerated warehousing will provide lucrative opportunities for the manufacturers.

Restraints/Challenges

• High cost of Refrigerated Warehouses

Cold storage facilities are expensive to build, and it has high operating cost as well as maintenance cost which concerns the manufactures. Additionally, high initial investment is also required to build a refrigerated warehousing facility.

Post COVID-19 Impact on Refrigerated Warehousing Market

The COVID-19 has affected the market in a positive direction as the pandemic has increased the trend of online shopping especially for groceries. The pandemic has also increased the demand for sustainable, fresh as well as frozen food products which has increased the demand for refrigerated warehousing market and this trend is expected to last for longer period of time. Additionally, the demand for vaccine transportation increased to keep it viable.  

Recent Development

• In March 2022, LINEAGE LOGISTICS HOLDING, LLC acquired MTC Logistics, a leading cold-chain provider to expand their access to the ports on the U.S. and Gulf Coasts. The company acquired four facilities located near the ports of Baltimore, MD, Wilmington, DE and Mobile, AL. The acquisition helped the company to add around 38 million cubic feet of capacity and over 113,000 pallet positions in the U.S.
• In August 2020, Americold acquired a 3.2 million cubic foot cold storage facility in Florida for USD 25 million and an AM-C warehouse a 13.8 million cubic feet cold storage for USD 82.5 million. This acquisition aimed to expand the company presence in Florida and Texas.

Global Refrigerated Warehousing Market Scope

The refrigerated warehousing market is segmented into equipment type, technology, temperature type, end-users, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Equipment Type

• Storage
• Compressors
• Condensers
• Evaporators
• Controller And Vessels
• Pumps
• Auxiliary Equipment

Based on equipment type, the U.S. refrigerated warehousing market is segmented into storage, compressors, condensers, evaporators, controller and vessels, pumps, and auxiliary equipment.

Technology

• Blast Freezing
• Vapor Compression
• Programmable Logic Controller
• Evaporative Cooling
• Cryogenic Systems
• Other Technologies

Based on technology, the U.S. refrigerated warehousing market is segmented into blast freezing, vapor compression, programmable logic controller, evaporative cooling, cryogenic systems, and other technologies.

Temperature Type

• Chilled
• Frozen

On the basis of temperature type, the U.S. refrigerated warehousing market is segmented into chilled and frozen.

End-Users

• Producers
• Retailers
• Food Service Providers
• Others

On the basis of end-users, the U.S. refrigerated warehousing market is segmented into producers, retailers, food service providers, and others.

Application

• Food Products
• Beverages
• Dietary Supplements
• Personal Care Products
• Pharmaceuticals & Biological Products,
• Others

On the basis of application, the U.S. refrigerated warehousing market is segmented into food products, beverages, dietary supplements, personal care products, pharmaceuticals & biological products, and others.

Refrigerated Warehousing Market Regional Analysis/Insights

The refrigerated warehousing market is analyzed and market size insights and trends are provided by country, equipment type, technology, temperature type, end-users, and application.

U.S. is dominating the refrigerated warehousing market during the forecast period owing to the presence of large number of key market players coupled with rising number of expansion and acquisition for refrigerated warehousing in the market.

The country section of the report also provides individual market impacting factors and changes in regulations in the market that impact the current and future trends of the market. Data points, such as new and replacement sales, country demographics, disease epidemiology, and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of global brands and their challenges faced due to high competition from local and domestic brands, and impact of sales channels are considered while providing forecast analysis of the country data.

Competitive Landscape and Refrigerated Warehousing Market Share Analysis

The refrigerated warehousing market competitive landscape provides details by the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus on Refrigerated Warehousing market.

Some of the major players operating in the Refrigerated Warehousing market are Trenton Cold Storage, LINEAGE LOGISTICS HOLDING, LLC, CONESTOGA COLD STORAGE, Kloosterboer, Congebec, Americold, John Swire & Sons (H.K.) Ltd., Delta Pacific Seafoods, Cold Storage Inc., and Iceberg Cold Storage and others.

Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global Vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.

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