According to the latest report by IMARC Group, titled “North America Cold Chain Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the North America cold chain market growth. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
Year considered to estimate the market size:
• Base year of the analysis: 2021
• Historical period: 2016-2021
• Forecast period: 2022-2027
The North America cold chain Market reached a value of US$ 61.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 99.7 Billion by 2027, exhibiting a CAGR of 8.6% during 2022-2027.
Market Outlook:
A cold chain refers to a temperature-controlled supply chain that ensures the safety and quality of perishable products from the point of origin to transportation, unloading, and distribution. It comprises refrigerated production, storage, and distributed activities that are supported by data logging equipment to ensure the optimum temperature range. Cold chain is adopted to preserve the shelf life of frozen food, agricultural produce, and pharmaceutical and seafood products, as they are more susceptible to develop microbial growth and textural degradation.
North America Cold Chain Market Outlook
The cold chain market in North America is majorly being driven by the rising prevalence of several lifestyle disorders, which is catalyzing the demand for high protein and dairy products, such as meat, fruits, vegetables, and seafood. Moreover, the introduction of connected devices, along with the rapid automation of refrigerated warehouses, is acting as another growth-inducing factor. Apart from this, several efforts undertaken by the North America Free Trade Agreement (NAFTA) to expand export activities are further catalyzing the market growth. The outbreak of the coronavirus disease (COVID-19) pandemic has increased the healthcare dependency on cold chain for storing vaccines and clinical trial materials, which, in turn, is creating a positive outlook for the market.
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North America Cold Chain Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the North America cold chain market has been studied in the report with the detailed profiles of the key players operating in the market.
List of North America Cold Chain Key Companies Covered in this Market Report: Americold Logistics, Lineage Logistics, United States Cold Storage, Inc., VersaCold Logistics Services, AGRO Merchants Group and Interstate Warehousing, Inc. and more.
Market Segmentation:
The report has segmented the North America cold chain market on the basis of service type, temperature, end user and country.
Based on Service Type:
- Refrigerated Storage
- Refrigerated Transport
Based on Temperature:
- Chilled
- Frozen
Based on End User:
- Meat and Seafood
- Dairy and Frozen Products
- Fruits and Vegetables
- Bakery and Confectionery
- Pharmaceuticals
- Others
Breakup by Country:
- United States
- Canada
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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