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 MarketBy 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.
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"India Cold chain storage and logistics Market "
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 largestmarket share in the coming years, owing to the growth offood processing industries and increasing production of fruits and vegetables in the region.
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., GatiKausar 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 Indiacold chain storage and logisticsmarket 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 Indiacold chain storage and logisticsmarket.