According to the latest report by IMARC Group, titled “Indian Cold Chain Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the Indian cold chain market size is witnessing strong growth. A cold chain refers to a storage and distribution service that is used to maintain the quality of products at a specific temperature. Cold chain infrastructure is generally used for preserving various perishable products such as milk, fruits, vegetables, meat, poultry and seafood, which are temperature-sensitive. Cold chain logistics maintain the quality and shelf-life of temperature-sensitive products. In India, the demand for cold chains has escalated as they are also used for horticultural produce, which requires the products to be handled at chilled and mild chilled zones.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Indian Cold Chain Market Trends:
The rapid expansion of the food retail sector has resulted in establishing cold chain infrastructure as India is one of the largest producers of milk, fruits, vegetables, meat, poultry, and seafood products worldwide. Besides this, the growing demand for frozen food products due to the changing lifestyles, urbanization and western influences on food patterns has increased the demand for cold chain logistics. Apart from this, the Government of India is taking various initiatives to promote the use of cold chains across the country by extending its support to improve the transportation and storage infrastructure. Furthermore, rapid technological innovations, such as the integration of GPS tracking system and Bluetooth devices, and the penetration of Internet of Things (IoT) in the cold chain logistics, for ensuring safety and security, is significantly changing the future of cold chain industry. Looking forward, the market value is expected to reach INR 1,425.49 Billion by 2026.
- Based on the segment, the market has been bifurcated into cold chain storage and transportation. Amongst these, cold chain storage holds the largest market share.
- On the basis of the product, fruits and vegetables dominate the market. Other major products include meat and fish, dairy products, and healthcare products.
- Based on the sector, the private sector accounts for the majority of the overall market share, followed by the cooperative and public sectors.
- State-wise, Uttar Pradesh exhibits a clear dominance in the market. Other major states are West Bengal, Gujarat, Bihar, Punjab, Andhra Pradesh, Madhya Pradesh, Maharashtra, Karnataka, Haryana, Chhattisgarh, Rajasthan, Orissa, Tamil Nadu and others.
- The market has been classified based on the unorganized and organized sector. At present, the unorganized sector represents the leading sector.
- The competitive landscape of the market has also been examined, with some key players being ColdEx Logistic Private Ltd., Coldman Logistic Private Ltd., Coldrush Logistics, Cold Star Logistic Private Ltd., Dev Bhumi Cold Chain Ltd., Fresh and Healthy Enterprises Ltd., Future supply chains, Gati Kausar India Ltd., Gubba Cold Storage Ltd., Kool - Ex Cold Chain Limited, Radhakrishna Foodland Pvt Ltd., Seabird Logisolutions Limited (MJ Logistic Services Ltd.), Snowman Logistics Limited and AbleCold Logistics.
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.
Follow us on twitter: @imarcglobal