Indian Cold Chain Market 2023-2028 | Growth Rate (CAGR 12.3%), Key Players, Demand Analysis, Share and Forecast
What is the size of India cold chain logistics market?
IMARC Group’s latest research report, titled “Indian Cold Chain Market Report: Industry Trends, Share, Size, Opportunity, and Forecast 2023-2028,” The cold chain market size in India 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 Overview:
Cold chain refers to the set of actions and equipment for transporting and storing temperature-sensitive products, such as food, pharmaceuticals, and vaccines, in a temperature-controlled environment. It is behind in manufacturing these products and continues until they reach their final destination. It is important to maintain these products' quality, safety, and efficacy. Temperature fluctuations can cause spoilage, seriously affecting public health and safety. Specialized equipment involved in the cold chain process, such as refrigerated trucks, cold rooms, and temperature monitoring devices. These equipment are required to maintain the temperature range throughout the supply chain. It also requires trained personnel who can handle and manage these products effectively.
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What is the future of cold chain market in India?
The market in India is majorly driven by the increasing demand for processed food products and perishable goods. In line with this, the rapidly growing pharmaceutical industry is significantly contributing to the cold chain demand. Furthermore, the rising healthcare expenditure and government initiatives to improve food safety and reduce wastage are positively influencing the market.
Apart from this, the escalating awareness about food safety and hygiene among consumers is catalyzing the market. Moreover, the expansion of the organized retail sector and the increasing exports of perishable goods are propelling the market. Besides, the rising penetration of e-commerce in the food and grocery sector is creating a positive outlook for the market. Additionally, the growing demand for temperature-sensitive vaccines and heavy investment in cold storage facilities are 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
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