11th November 2019 – North
America Cold Chain Market is anticipated to reach USD 118.51 billion
owing to the developments in packaging methods due to expansion of trade over
the years. Cold chain is the system for maintaining and distributing perishable
food items, vaccines and other biologicals in good condition. Most perishable
foods, and vaccines which are also termed as Cool Cargo are sensitive to freeze
& heat and hence, must be kept at the suitable temperature from the time
they are manufactured until they are used. Cold chains hold a series of storage
and transport links which are designed to keep these items within an acceptable
range until it reaches the consumer.
North America cold chain industry is
persistent due to the growing demand for goods with supply chains like fresh
vegetables, dairy products, fruits and vegetables, etc. and rightly established
cold supply chains. Moreover, the speedy growth in international trade of
perishable food products, technological advancements in refrigerated transport
and storage, infrastructure progress support by government and the rise in
enlargement of food retail chains by multinational businesses are the major
drivers of the market.
Conversely, requirement of high energy
and costly infrastructure are few growing concerns for the cold chain service
providers. The high energy consumption cost has increased the operational cost
for the market players. The increase in competition among market players and
demand for cold storage has pressurized the players to expand their logistics
facilities, which is not easy with rising infrastructure prices. Besides,
environmental issues like greenhouse gas emissions are restraining the growth
of the market.
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One of the major trends emerging in
North America cold chain market is the focus on energy-conservation practices.
The market players in the segment are adopting several tools & strategies
to be more energy conservative. The latest trend prevailing in the market is
the use of CO2 cascade system. Here, two refrigerants are used in one
refrigeration system where one refrigerant cools the other refrigerant. Studies
have revealed that macro developments in North America like rise in population,
increased food wastage, and rise in organized retail sector are stimulating the
demand for cold chains for food preservation, thereby impacting the market in
the near future.
North America cold chain industry is
categorized on the basis of ingredient type, temperature type, application, and
geography. By the ingredients type, the market is divided into colorants,
enzymes, salts yeasts, and flavors and others. Further, yeast can be segmented
as top-fermenting and bottom-fermenting.
On the basis of temperature type, North
America cold chain market is classified into frozen and chilled segment. Frozen
segment is expected to rise significantly in the forecast period owing to the
increasing demand for the frozen items rather than the chilled items.
In terms of application, North America
cold chain industry is segmented as dairy & frozen desserts, bakery &
confectionery products, fruits & vegetables, fish, meat, and seafood
products, and others. Dairy & frozen desserts segment is predicted to hold
larger share of the market due to economic growth and rapid urbanization.
Geographically, North America cold chain market is segmented as United States
and Canada. Globally, North America ranks second in terms of using the cold
chain systems.
The prominent players in North America
cold chain industry comprise Americold Logistics, LLC, AGRO Merchants Group,
Henningsen Cold Storage Company, United States Cold Storage, Inc., Cloverleaf
Cold Storage, Wabash National Corporation, Nordic Logistics and Warehousing,
Burris Logistics Inc., LLC, Preferred Freezer Services, and Lineage Logistics
Holdings LLC.
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