The latest research study, titled “Indian Cold Chain Market Report: Industry Trends, Share, Size, Opportunity, and Forecast 2022-2027,” The market size of india cold chain industry reached a value of INR 1585.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach INR 3637.4 Billion by 2027, exhibiting a CAGR of 14.72% during 2022-2027.
What is Cold Chain?
A cold chain refers to a temperature-controlled supply chain system that imparts storage and distribution services for products requiring a certain temperature. It comprises storage, transportation and distribution facilities for perishable goods, such as chemicals, lab samples, seafood, dairy products, biologics, diagnostic materials, meats and vaccines. As a result, it relies on various packaging solutions, including gel packs and bottles, insulated containers, refrigerant bricks and thermal trolleys, along with multiple-sized envelopes, to keep products cold, prevent waste and damage and improve transportation efficiency.
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What is the Future of Cold Chain Industry in India?
Significant growth in the food and beverage industry majorly drives the market in India. This is attributed to the growing consumption of fresh fruits and vegetables and meat, poultry and dairy products. Along with this, the increasing investments by key players in the development of well-managed cold chain infrastructure to efficiently manage their supply chains, is contributing to the growth of the market. At present, the cold chain is extensively utilized to extend marketing periods, maintain product quality and avoid overcapacity while declining bottlenecks during peak times, which is further boosting the demand for cold chain supply in India.
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How Profitable is a Cold Chain Business in India?
Apart from this, the growing demand for the cold chain from the healthcare industry, led by the increasing demand for vaccines, clinical trial materials and biopharmaceuticals that are heat sensitive, and need a specific temperature for storage, is significantly supporting the demand for cold chain. In addition to this, numerous initiatives undertaken by the government to support service providers and enable them to offer innovative solutions to overcome complex transportation is positively influencing the market. Moreover, the rising trend of consumers purchasing perishable products online, requiring effective solutions to provide last-mile delivery due to significant growth in the e-commerce industry and the advent of home delivery models is creating a positive market outlook. Other factors driving the market further include the transportation of a wide range of temperature-sensitive commodities and extensive research and development (R&D) activities conducted by key players to introduce improved cold chain systems.
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Key Market Segmentation:
Breakup by Segment:
- Cold Chain Storage
- Cold Chain Transportation
Breakup by Product:
- Fruits and Vegetables
- Meat and Fish
- Dairy Products
- Healthcare Products
Breakup by Sector:
Breakup by Organised and Unorganised:
Breakup by States:
- Uttar Pradesh
- West Bengal
- Andhra Pradesh
- Madhya Pradesh
- Tamil Nadu
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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