India Cold Chain Storage And Logistics Market to Grow at 17% CAGR till 2025
Increasing demand for frozen
and dairy food and growing healthcare industry to fuel India cold chain storage
and logistics market through 2025
According to TechSci Research
report, “India Cold Chain Storage
And Logistics Market By Type (Temperature-Controlled Storage,
Temperature-Controlled Transportation), By Product Type (Fruits &
Vegetables, Meat, Fish & Sea Food, Dairy Products, Healthcare, Others), By Sector
(Private, Co-operatives, Public), By Region, Competition, Forecast & Opportunities, 2025”, India cold chain storage
and logistics market was valued at USD 2,971 million in 2015 and reached USD
4,701 million in 2019, exhibiting a CAGR of 12.16%. The market is forecast to
grow at a CAGR of 17.04% during 2020-2025, owing to the growing food processing
industry, increasing food wastage in the country, rapid growth in agricultural
exports, rising private sector investments, and increasing share of organized
food retail market.
Additionally, government
initiatives and supportive regulatory policies
such as 100% FDI Permit and excise duty exemption are promoting the adoption of
cold chain storage & transportation in the country.
The Indian food processing
industry accounts for 32% of the country’s total food market. It is one of the
largest industries in the country and ranks fifth in terms of production,
consumption, and exports. The total food production in the country is
anticipated to more than double in the coming years, which will augment demand
for better storage and maintenance of cold storage warehouses in order to
prevent spoilage of food grain. Additionally, the food sector has emerged as a
high-growth and high-profit sector due to its immense potential for value
addition, particularly within the food processing industry. These factors are
anticipated to collectively drive the demand for modern cold storage supply
chain in India during the forecast period.
Browse 13 market data Tables and Figures spread
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TOC on " India Cold chain storage and
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On the basis of type, India cold
chain storage and logistics market has been categorized into temperature-controlled
storage and temperature-controlled transportation. The temperature-controlled
storage segment is accounted for the largest market share in 2019, owing to the
increasing demand for cold storage from different food segments like frozen
food, vegetables, etc. North India is expected to account for the largest market
share in the coming years, owing to the growth of food processing industries
and increasing production of fruits and vegetables in the region.
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Few of the major players operating
in India cold chain storage and logistics market include Snowman Logistics Ltd.,
Container Corporation of India Ltd. (CONCOR), Coldex Logistics Pvt. Ltd., Gati
Kausar Ltd., DHL International GmbH, ColdStar Logistics Pvt. Ltd, M. J.
Logistics Services Ltd., Gubba Cold Storage Ltd., Kelvin Cold Chain Logistics
Pvt. Ltd., RK Foodland Pvt.Ltd., among
others.
“Cold storage capacity is
gradually increasing in the country. Around 70-75% of the total cold storage
capacity in India is suitable only for potato storage. However, low return on
investment from such storage infrastructure has forced many investors to look
for more economically viable options. This has led to increase in the number of
multi-purpose cold storage constructions over the past few years, a trend
likely to continue across the country even during the forecast period. In
multi-purpose cold storages, varied temperatures can be maintained at the same
time, which is not possible in conventional cold storages. As a result,
capacity utilization is significantly higher in multi-purpose cold storages as
multiple commodities including meat, fish, potatoes, fruits and vegetables can
be stored at the same time.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
“India Cold Chain Storage
And Logistics Market By Type (Temperature-Controlled Storage,
Temperature-Controlled Transportation), By Product Type (Fruits &
Vegetables, Meat, Fish & Sea Food, Dairy Products, Healthcare, Others), By Sector
(Private, Co-operatives, Public), By Region, Competition, Forecast
& Opportunities, 2025” has evaluated the future
growth potential of India cold chain
storage and logistics market and
provides statistics and information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in India cold
chain storage and logistics market.
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