Growth in E-Commerce Grocery Sales is Boosting US Cold Storage Market Growth
According to our latest market study on "US Cold Storage Market Forecast to 2030 - Country Analysis - by Application, Temperature Type and Warehouse Type," the US cold storage market size is expected to grow from US$ 40,972.22 million in 2022 to US$ 148,623.44 million by 2030; it is anticipated to grow at a CAGR of 17.5% from 2022 to 2030.
The rising e-commerce grocery sales across the US are supporting the US cold storage market growth. In 2021, the total e-commerce grocery sales in the US accounted for ~13% of the e-commerce sector, which is further expected to surpass a share of ~22% by 2025. The COVID-19 pandemic scenario significantly changed the shopping behavior of consumers, resulting in a massive shift toward online shopping while requiring grocery items to be home-delivered. Such factors are generating the need for cold storage facilities, as the demand for shortening the delivery time of grocery products is witnessing rapid growth. Moreover, the rise in the number of private cold storage warehouses is another major factor supporting the growth of e-commerce grocery sales across the US, which is further driving the US cold storage market growth.
US Cold Storage Market Share - by Country, 2022
Source: Business Market Insights Analysis
In terms of temperature type, the cold storage market is bifurcated into chilled and frozen. The frozen segment is anticipated to hold a significant US cold storage market share by 2030. A cold storage, or freezer warehouse, maintains specific temperatures using a complex refrigeration system. Coolant, compressor, separator, condenser, receiver, and evaporator are major components of cold storage facilities. The primary objective of cold storage is to store temperature-sensitive goods, including perishable products, such as frozen foods, dairy items, meat and seafood, and pharmaceutical products. This helps maintain their quality and extend product shelf life. Chilled storage facilities primarily cater to preserving dairy products such as milk, fresh cream, curd, milk-based beverages, cheese, processed cream, and medicines (including tablets). On the other hand, frozen storage facilities help preserve frozen meat, processed food, fish, seafood, chemicals, and pharmaceutical products-such as vaccines.
Frozen warehouses or freezer warehouses are primarily operational in sub-zero temperatures, usually between -18
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