IMARC Group’s latest research report, titled “Indian Cold Chain Market Report: Industry Trends, Share, Size, Opportunity, and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the maket. The Indian cold chain market research report also includes competitor and regional analysis, and contemporary advancements in the market. The Indian cold chain market size reached INR 1,814.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 3,798.7 Billion by 2028, exhibiting a growth rate (CAGR) of 12.3% during 2023-2028.
Indian Cold Chain Market Outlook:
A cold chain is a temperature-controlled supply chain that preserves and transports perishable goods at specific temperature ranges, such as food, pharmaceuticals, and vaccines. It involves a series of processes, including storage, packaging, transportation, and distribution, all maintained within a controlled cold environment. The primary goal of a cold chain is to prevent product degradation, spoilage, or loss of potency due to temperature fluctuations. It is crucial in maintaining product quality, safety, and efficacy throughout the supply chain. An effective cold chain is essential for ensuring the availability and quality of perishable goods, promoting public health, and supporting industries dependent on temperature-sensitive products.
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India Cold Chain Market Trends:
The market in India is majorly driven by the expanding food retail sector. The growth of organized food retail, including supermarkets and online grocery platforms, increases the demand for a robust cold chain infrastructure to maintain the quality and freshness of perishable food products. Furthermore, the pharmaceutical sector in India is experiencing rapid growth, creating a need for a reliable cold chain to store and transport temperature-sensitive drugs and vaccines while maintaining their efficacy. Changing consumer preferences and rising disposable income are driving the demand for fresh produce, frozen foods, and ready-to-eat meals, necessitating an efficient cold chain network.
Apart from this, government initiatives like the National Cold Chain Grid and the Pradhan Mantri Kisan SAMPADA Yojana aim to strengthen the cold chain infrastructure in India, supporting market growth. Stringent food safety regulations and growing awareness among consumers about food quality and hygiene drive the need for a well-established cold chain to ensure food products’ safe storage and transportation. Moreover, India’s agricultural and horticultural exports are expanding, requiring an efficient cold chain network to maintain the freshness and quality of perishable products during international transportation, stimulating the market.
Besides, the rapid adoption of advanced cold storage technologies, such as IoT-enabled temperature monitoring systems, remote tracking, and real-time data analytics, improve the efficiency and reliability of the cold chain, bolstering the market. Additionally, the development of healthcare infrastructure, including hospitals, clinics, and diagnostic centers, increases the demand for cold chain facilities to store and transport temperature-sensitive medical supplies and vaccines. This, in turn, is providing a boost to the market.
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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:
- Private
- Cooperative
- Public
Breakup by Organised and Unorganised:
- Organised
- Unorganised
Breakup by States:
- Uttar Pradesh
- West Bengal
- Punjab
- Gujarat
- Bihar
- Andhra Pradesh
- Madhya Pradesh
- Maharashtra
- Karnataka
- Haryana
- Chhattisgarh
- Rajasthan
- Orissa
- Tamil Nadu
- Others
Key Players Included in Indian Cold Chain Market Research Report:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
TOC for the Indian Cold Chain Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Indian Cold Chain Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Who we are:
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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