US COLD STORAGE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• On 11 August 2024, the opening of a state-of-the-art MEDLOG cold storage facility marked a significant boost for U.S. meat exports. This advanced facility is designed to enhance the efficiency and capacity of cold storage logistics, ensuring that U.S. meat products are stored and transported under optimal conditions. By improving supply chain capabilities, the MEDLOG facility aims to meet the growing global demand for high-quality U.S. meat, facilitating faster and more reliable exports. This development not only strengthens the competitiveness of U.S. meat in international markets but also supports the overall growth of the agricultural sector.
• In December 2022, Interstate Warehousing, a subsidiary of Tippmann Group, a Logistics and Warehousing company, announced the expansion of its cold storage facilities by holding a groundbreaking ceremony in Kingman, Arizona. The new facility, built on a 92-acre site, aims to address the growing demand for cold storage solutions on the West Coast.
• In September 2022, Lineage Logistics Holding, LLC, a leading temperature-controlled industrial REIT and logistics solutions provider, finalized the acquisition of Grupo Fuentes, a prominent transport and cold-storage facility operator based in Murcia, Spain. The deal, initially announced on August 2, 2022, marks a significant milestone in Lineage Logistics' expansion strategy in the European market.
• In December 2020, Americold Logistics, Inc., a leading global temperature-controlled warehousing and logistics provider, acquired Agro Merchants Group for a staggering USD 1.59 billion. This strategic move allowed Americold to expand its global footprint and strengthen its position in the temperature-controlled logistics market. By integrating Agro Merchants Group's extensive network of cold storage facilities and expertise in the food and beverage industry, Americold aimed to enhance its service offerings and better serve its customers worldwide. The acquisition was a testament to Americold's commitment to growth and its recognition of the increasing demand for reliable and efficient temperature-controlled supply chain solutions in the market.