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North America Cold Chain Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

North America Cold Chain Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

  • April 2019
  • 105 pages
  • ID: 5764997
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The North America Cold Chain Market reached a value of US$ 81.2 Billion in 2018. Cold chain Logistics is a temperature-controlled supply chain, it involves a series of refrigerated storage, production and distribution activities, along with equipments that ensure that a desired temperature range is maintained. Cold chains preserve, extend and ensure the shelf life of various temperature sensitive products.

The market for cold chain services is currently exhibiting strong growth in North America. A key factor driving the demand of the cold chain market in North America has been a change in the dietary habits in the region. As a result of rising obesity levels and an increasing prevalence of lifestyle diseases, consumers are increasing their intake of proteins, vitamins, minerals, good fats, etc. and reducing their carbohydrate intake. This has catalyzed the demand of food products such as meat, fruits, vegetables and dairy products in the region. These products are temperature sensitive and require cold chains to be stored and transported from one place to another. Moreover, the United States represents the worlds largest market for temperature sensitive healthcare products such as biopharmaceuticals, vaccines and clinical trial materials. The potency of biopharmaceuticals and vaccines requires temperature-controlled packaging, storage and transportation. Any sudden temperature variation may result in the loss of chemical activity and make the drug harmful for the human body. Moreover, the rising number of clinical trials employing various temperature sensitive materials such as blood samples, tissue samples and certain drugs, have also catalyzed the market growth. Looking forward, we expect the North America Cold Chain Market to reach US$ 142.6 Billion by 2024, exhibiting a CAGR of 9.7% during 2019-2024.

Report Scope

Market Break up by Service Type

Refrigerated Storage
Refrigerated Transport.

Refrigerated storage currently dominates the market, holding the largest share.

Market Break up by Transportation

Airways
Roadways
Seaways
Railways.

Airways holds the largest market share.

Market Break up by Temperature

Chilled
Frozen.

Chilled temperature holds the largest market share.

Market Break up by End User

Meat and Seafood
Fruits and Vegetables
Bakery and Confectionery
Dairy and Frozen Products
Pharmaceuticals
Others.

Meat and seafood currently dominate the market, holding the largest share.

Market break up by Country

United States
Canada.

United States is currently the biggest market

Competitive Landscape:
The report has also examined the competitive landscape of the North America Cold Chain Logistics Market. Some of the major players include: Americold Logistics, Lineage Logistics, United States Cold Storage, Inc., VersaCold Logistics Services and AGRO Merchants Group

Key Questions Answered in This Report:
How has the North America cold chain logistics market performed so far and how will it perform in the coming years?
What is the breakup of the North America cold chain logistics market based on the service type?
What is the breakup of the North America cold chain logistics market based on the transportation type?
What is the breakup of the North America cold chain logistics market based on the temperature type?
What is the breakup of the North America cold chain logistics market based on the end user?
What is the breakup of the North America cold chain logistics market by country?
What are the key driving factors and challenges in the market?
What is the structure of North America cold chain logistics industry and who are the key players?
What is the degree of competition in the North America cold chain logistics market?

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