2018-02-27
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Business Wire


India Cold Chain Market is Expected to Reach INR 470 Billion by 2022: Ken Research

Ken Research (4:11PM) 

Business Wire India

Cold chain market segment (by cold storage and cold transport, by type of products), cold storage market segment (by organized and unorganized, by size of firms, by products, by domestic and international cold storage, by region and by owned and rented cold storage), cold transport market segment (by organized and unorganized, by domestic and international cold chain transport, by mode of transport and by domestic and international cold chain companies), competitive landscape of major players including Snowman Logistics, Cold Star Logistics, Schedulers, Gubba Cold Storage, Kailash Agro Cold Storage, M J Logistics Services, Deccan Cold Storage Pvt. Ltd., Dev Bhumi Cold Chain, Gati Kausar Cold Chain Solutions and ColdEx Pvt. Ltd.

Ken Research in its latest study, "India Cold Chain Market Outlook to 2022 - by Cold Storage & Cold Transport, 3PL, End User Industry (Agro food, Fruits & Vegetables, Fruit pulp & Concentrates, Dairy Products, Ice Cream, Meat, Sea Food, Confectionery, Poultry, Ready to Cook, Pharmaceutical, Industrial Products)", suggests that demand for multi-purpose cold storage, third party temperature controlled distribution, regional growth and expansion, surge in ambient warehousing revenue will drive the future of cold chain in India.

India cold chain market is unorganized and dominated by traditional cold storage facilities which are majorly dedicated to the storage of potatoes. The cold storage capacity has grown 1.2 times during 2012 to 2017

The distribution of cold storages is highly uneven with majority of the cold storages located in Uttar Pradesh, Gujarat, Punjab and Maharashtra

Majority of the cold storages are owned and operated by domestic companies. Snowman Logistics is one of the leading players in the industry

India Cold Chain industry poses a compelling future albeit with challenges. The market will be facilitated by favorable government initiatives and enhancement in technology to improve the quality of storage and transportation facility. The market will witness a transition from traditional cold storages to fully integrated cold chain projects which would bring about efficiency and increased productivity of cold chain companies. Furthermore, with the rising exports of seafood, dairy products and other perishable items, major players will upgrade their facilities in order to store broad variety of products under a wider temperature range.

Favorable government initiative such as subsidy schemes for setting up a cold storage facility and purchasing standalone reefer vehicles and SAMAPADA Scheme will support the development of cold chain infrastructure. Moreover, major dairy companies, retail chains and online grocers such as Amul, Haldiram Group and BigBasket have received federal approval to set up 101 cold chains which will bring in an investment of INR 3,100 crore in the sector. Such developments and growing investment from public and private sector is projected to propel the market revenue.

The cold transport market will be majorly driven by rise in trading activities involving perishable and time sensitive products. The increasing demand for convenience foods, advancements in freezing technology and cold chain logistics will further support frozen food sales. The growth of online grocery stores such as BigBasket, Grofers and rise in e-retail market will create demand for Just in Time cold chain services. With the constant shift in client business, more customized and value-added services are required along with standardized services offerings.

Key Topics Covered in the Report:

India Cold Chain Market

Temperature Controlled Logistics Market India

Cold Storage Capacity India

Number of Reefer Trucks India

Number of Cold Storages India

Cold Warehouse Market India

Organized Cold Storage Sector India

Multi-Purpose Cold Storage Industry India

Cold Distribution Market India

Major Companies in Cold Chain Industry

Value Chain Cold Chain India

Cold Chain Logistics Infrastructure India

India Cold Chain Demand Supply Gap

Size of Cold Storages India

Potato Storage India

India Dairy Products Market

Investment Cold Storage Facility India

India 3PL Cold Chain Market

India 3PL Cold Transport Market

India 3PL Cold Storage Market

Cold Chain Projects India

Uttar Pradesh Cold Chain Market

Gujarat Cold Chain Market

West Bengal Cold Chain Market

Assam Cold Chain Market

Odisha Cold Chain Market

Tamil Nadu Cold Chain Market

Jammu and Kashmir Cold Chain Market

Major Cold Storage Clusters India

India Cold Chain Future Outlook

India Cold Chain Competition

India's Cold Chain

Comparative Analysis India Cold Chain

India Cold Chain Challenges

SWOT India Cold Chain

Temperature Controlled Logistics Services Market in India

Cold Chain Logistics India

India Cold Chain Future Outlook

Subsidy Scheme for India Cold Chain

Cold Transport Fleet Size India

For more information on the research report, refer to below link:

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/india-cold-chain-market/143603-100.html

Related Reports by Ken Research

Turkey Cold Chain Market By Cold Storage And Transport, By Product Type (Bakery, Confectionary, Dairy, Meat & Sea Food, Vaccines & Pharmaceutical, Fruits & Vegetables, Chemicals) - Outlook To 2022

Philippines Cold Chain Market Outlook to 2020 - Government Initiatives and Rising Consumer Demand For Frozen Food To Foster Future Growth

Vietnam Cold Chain Market by Cold Storage and Cold Transport, Product Type (Bakery, Confectionary, Dairy, Meat & Seafood, Vaccines & Pharmaceutical, Fruits & Vegetables, Chemicals) - Outlook To 2021

Ken Research, Ankur Gupta, +91-9015378249

ankur@kenresearch.com

Gurgaon, Haryana, India

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