Market Forecast by Countries (United States, Canada), By Temperature Type (Frozen, Chilled), By Type (Refrigerated warehousing, Refrigerated transport), By Application (Dairy & frozen desserts, Fish, meat, and seafood products, Bakery & confectionery products, Fruits & vegetables, Others) And Competitive Landscape
Product Code: ETC406095 | Publication Date: Aug 2022 | Updated Date: Nov 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Report Name | North America Cold Chain Market |
Base Year | 2022 |
Historical Period | 2019-2022 |
Forecast Period | 2023-2029 |
Growth Rate (CAGR) | 7.9% |
Report Coverage | Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share |
Segment Coverage | By Countries, By Temperature Type, By Type, By Application |
Customization Scope | 100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com |
Pricing and Purchase Options | Avail customization purchase option to know the exact pricing of your research needs |
North America Cold Chain Market thoroughly covers the market by country, temperature type, type, and application. The outlook report provides an unbiased and detailed analysis of the ongoing Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America Cold Chain Market is anticipated to grow in the forecast year due to the growing popularity of online grocery shopping and the need for preserving the freshness and quality of perishable goods for a long period.
According to 6Wresearch, the North America Cold Chain Market size is expected to reach US$ 104.34 Billion, exhibiting a CAGR of 7.9% during 2023-2029. Several factors are driving the market. The remarkable growth in the pharmaceutical and healthcare sectors has necessitated the effective and temperature-controlled distribution of vaccines, biologics, and pharmaceuticals and thus has led to the widespread expansion of the market. The growing e-commerce and online grocery retail sector have increased the need for reliable cold storage and transportation to ensure the freshness and safety of perishable goods during the movement. Certain challenges exist in the market. The maintenance of the cold chain requires continuous investment in refrigeration and transportation infrastructure and this factor makes this market capital-intensive. The need for energy-efficient and eco-friendly refrigeration systems is cost-challenging. Regulatory compliance in the health sector demands rigorous monitoring and documentation and it adds to the complexities of the functionality. These challenges have led to reduction in North America Cold Chain Market Share.
The COVID-19 pandemic had a profound impact on the North American cold Chain Industry. The rapid development and distribution of COVID-19 vaccines raised the demand for specialized cold storage for the vaccines. The pandemic disrupted supply chains which caused major fluctuations in demand for various products and it challenged the reliability of cold chain logistics as the transportation took longer than usual. The rise of e-commerce and online grocery shopping increased the need for cold chain services to deliver perishable goods directly to consumers. The cold chain market played a pivotal role in the pandemic response and recovery efforts while also navigating various challenges in supply and demand dynamics.
These are the major companies involved widely in the cold chain market :-
The forecast of the North America Cold Chain market looks promising and is poised for significant growth. Several key factors will shape its trajectory in the coming years. The increasing demand for perishable goods, including fresh foods and pharmaceuticals, will continue to drive the need for robust cold chain logistics. The rise of e-commerce and online grocery shopping further accelerate the growth of the market. The increasing focus on the quality and safety of the food will propel the growth of the market.
The United States is expected to have a remarkable share in the North America Cold Chain Industry in the forecast year due to its large population, wide food processing and distribution networks, and the presence of major food and pharmaceutical companies in the country.
The frozen segment includes products requiring storage and transportation at sub-zero temperatures, such as frozen foods, ice cream, and frozen seafood. This segment is expected to grow in the forecast year due to consumer demand for a product which requires longer shelf life.
According to Ravi Bhandari, Research Head, 6Wresearch, Refrigerated warehouses are anticipated to grow in the forecast year as it is vital for the storage of products which require a controlled environment such as meat, seafood and pharmaceuticals.
All segment is expected to have a major share in the market due to the requirement of temperature-controlled logistics in ensuring food safety, quality, and distribution of pharmaceutical products and it this factor has immensely contributed towards North America cold chain market Growth.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Cold Chain Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Cold Chain Market Revenues & Volume, 2022 & 2029F |
3.3 North America Cold Chain Market - Industry Life Cycle |
3.4 North America Cold Chain Market - Porter's Five Forces |
3.5 North America Cold Chain Market Revenues & Volume Share, By Countries, 2022 & 2029F |
3.6 North America Cold Chain Market Revenues & Volume Share, By Temperature Type, 2022 & 2029F |
3.7 North America Cold Chain Market Revenues & Volume Share, By Type, 2022 & 2029F |
3.8 North America Cold Chain Market Revenues & Volume Share, By Application, 2022 & 2029F |
4 North America Cold Chain Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Cold Chain Market Trends |
6 North America Cold Chain Market, 2019 - 2029 |
6.1 North America Cold Chain Market, Revenues & Volume, By Temperature Type, 2019 - 2029 |
6.2 North America Cold Chain Market, Revenues & Volume, By Type, 2019 - 2029 |
6.3 North America Cold Chain Market, Revenues & Volume, By Application, 2019 - 2029 |
7 United States Cold Chain Market, 2019 - 2029 |
7.1 United States Cold Chain Market, Revenues & Volume, By Temperature Type, 2019 - 2029 |
7.2 United States Cold Chain Market, Revenues & Volume, By Type, 2019 - 2029 |
7.3 United States Cold Chain Market, Revenues & Volume, By Application, 2019 - 2029 |
8 Canada Cold Chain Market, 2019 - 2029 |
8.1 Canada Cold Chain Market, Revenues & Volume, By Temperature Type, 2019 - 2029 |
8.2 Canada Cold Chain Market, Revenues & Volume, By Type, 2019 - 2029 |
8.3 Canada Cold Chain Market, Revenues & Volume, By Application, 2019 - 2029 |
9 North America Cold Chain Market Key Performance Indicators |
10 North America Cold Chain Market - Opportunity Assessment |
10.1 North America Cold Chain Market Opportunity Assessment, By Countries, 2022 & 2029F |
10.2 North America Cold Chain Market Opportunity Assessment, By Temperature Type, 2022 & 2029F |
10.3 North America Cold Chain Market Opportunity Assessment, By Type, 2022 & 2029F |
10.4 North America Cold Chain Market Opportunity Assessment, By Application, 2022 & 2029F |
11 North America Cold Chain Market - Competitive Landscape |
11.1 North America Cold Chain Market Revenue Share, By Companies, 2022 |
11.2 North America Cold Chain Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |