The cold chain market entails of sales of cold chains and connected services by entities (organizations, sole traders, and partnerships) that deliver the cold chain storage services. These services are utilized for the management and transportation of temperature-sensitive products through refrigeration, thermal packaging, and several other methods. This plays a critical role in temperature control for the perishable goods and guarantees the quality and health of the perishable goods to the final consumer around the distribution chain.
The major types in the cold chain market are refrigerated warehousing and refrigerated transport. Refrigerated warehousing or cold storage is a place where temperature-controlled goods are cooled or stored to safeguard them from decaying or not observing to laws and regulations that apply to that item. The several temperatures utilized in the cold chains include frozen and chilled. Cold chain storage is utilized in dissimilar sectors such as pharmaceutical, healthcare, food & beverages, chemical, other industrial verticals.
Report Analysis
According to the report analysis, ‘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)’ states that the cold chain industry in India remains underserved and presents massive potential in terms of enlargement. As of 2014, there prevails a requirement of 3.3 million MT of cold storage and 52.7 thousand reefer trucks. The market revenue augmented from INR ~ billion during 2012 to INR ~ billion during 2017 at a CAGR of ~%. The total cold storage capacity is predicted at ~ million MT with ~cold storages and ~ reefer trucks operating in the space as of 2017.
The market can be greatly segmented into cold storage and cold transportation. The cold storage segment held the foremost share of the market and was nearly ~% of the total cold chain market in terms of total market revenue during 2017. The cold transportation industry underwritten around ~% of the total revenue during 2017.
Request For Sample Report- https://kenresearch.com/sample-report.php?Frmdetails=MTQzNjAz
Agricultural products such as fruits, vegetables, fruit pulp, concentrates, and several others have registered for the greatest share of ~% of the revenue share in India Cold Chain Market during 2017. This is followed by meat and poultry with ~%, dairy products market with ~%, ice cream market with ~%, and seafood industry with ~%. Confectionery and ready to cook products have together registered for ~% of the cold chain revenue and pharmaceutical and industrial products have seized a smaller share of ~% during 2017.
Competitive Scenario
India 3PL cold chain market augmented from INR ~ billion during 2012 to INR ~ billion during 2017 at a CAGR of ~%. India 3PL cold chain market is in the nascent stage majorly propelled by entry and enlargement of local and international QSR chains, supermarket chains such as Reliance Fresh, Safal, EasyDay, and several others. Further, the growth of online grocery stores such as BigBasket, Grofers, and several others has further enabled the 3PL cold chain market. With the continuous shift in client business, more customized and value-added services are demanded along with standardized services offerings. In order to broaden their network coverage, large cold chain companies have tied up with local 3PL service providers in order to improved serve the local markets.
Future Outlook
The market is projected to reach INR ~ billion by 2022 at a CAGR of ~% during 2017 to 2022. The market will be propelled by technological innovations and the growing share of organized players in the market. The growth of online grocery retail and food processing industry will further generate requirement for cold storage and transportation facilities as foremost players and QSR chains undertake expansion across several cities in the country. The government will launch a new scheme named SAMPADA for the development of small and medium-scale processing clusters close to the increasing areas of the specific farm produce. Cold chain companies further plan to advance their facilities to propose the multipurpose cold storage services.
For More Information, refer to below link:-
India Cold Chain Market Research Report
Related Reports
Follow Us
LinkedIn | Instagram | Facebook | Twitter | YouTube
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
