The North America Refrigerated Warehousing Market would witness market growth of 15.6% CAGR during the forecast period (2023-2030).
The market is subject to various regulations and standards to ensure the safe storage and transportation of temperature-sensitive products. The food industry must comply with food safety regulations and quality control standards. The market is competitive, with numerous companies providing refrigerated warehousing services. Major players often have extensive networks of facilities across different regions to meet the demands of various industries. However, challenges in the market include high energy costs, maintenance of equipment, compliance with evolving regulations, and the need to adapt to changing consumer preferences and market dynamics.
The market is expected to develop due to demand for temperature-controlled items and pharmaceuticals, e-commerce growth, and technological advancements. IoT and data analytics in refrigerated warehousing reduce product deterioration and ensure high-quality products. As demand rises, businesses will use refrigerated warehousing more to store and transport perishable goods and medications, and the industry will continue to create new and sustainable solutions.
The North American market has a high demand for perishable products such as fresh fruits, vegetables, dairy products, meat, seafood, and frozen foods. Refrigerated warehousing is essential to maintain the quality and safety of these products throughout the supply chain. The increase in e-commerce and online grocery shopping has raised the need for refrigerated storage facilities. Consumers expect fast and convenient delivery of perishable goods, and refrigerated warehousing plays a crucial role in meeting these expectations. Stringent food safety regulations in North America require businesses to adhere to strict storage and handling standards. Refrigerated warehousing helps ensure that products meet these regulatory requirements, reducing the risk of foodborne illnesses. Due to such factors, the market will expand significantly in this region.
The US market dominated the North America Refrigerated Warehousing Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $65,900.1 million by 2030. The Canada market is showcasing a CAGR of 18.2% during (2023 - 2030). Additionally, The Mexico market would register a CAGR of 17.2% during (2023 - 2030).
Based on Application, the market is segmented into Food & Beverages, (Fish, Meat, & Seafood, Bakery & Confectionary, Fruits & Vegetables, Processed Food, Dairy Products, Fruit Pulp & Concentrates, and Others), Pharmaceuticals, (Vaccines, Blood Banking and Others) and Others. Based on Temperature Range, the market is segmented into Frozen (-18°C to -25°C), Chilled (0°C to 15°C), and Deep-frozen (Below -25°C). Based on Type, the market is segmented into Public and Private & Semi-Private. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Refrigerated Warehousing Market is Predict to reach $281.8 Billion by 2030, at a CAGR of 16.5%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Lineage Logistics Holdings, LLC, Americold Realty Trust, Inc, Burris Logistics, Tippmann Group, Nichirei Corporation, Conestoga Cold Storage, NewCold Cooperatief UA, United States Cold Storage, Inc. (Swire Pacific Limited), FreezPak Logistics and Confederation Freezers.
By Application
By Temperature Range
By Type
By Country
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