India Cold Chain Market Research Report 2023 offers a comprehensive analysis of the market, including business opportunities, growth, and trend analysis for various applications, types, and regions such as North America, Europe, Asia-Pacific, South America, Middle East, and Africa. The report delves into important producers, market developments, opportunities, challenges, and threats to the market as a whole. It is a 100+ page report that provides a detailed examination of growth statistics, opportunities, trends and the competitive landscape in the industry.
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The cold chain market in India was valued at INR 1.54 Trillion in 2020 and is expected to reach INR 4.09 Trillion by 2026, expanding at a compound annual growth rate (CAGR) of 17.80% during the 2021-2026 period.
Cold chains provide storage and distribution services for temperature-sensitive products. Depending on the nature and purpose of storage applications, cold chains have been categorized as frozen (< -18?), chilled (ranging between 0? and 10?), mild chilled (ranging from 10? to 20?), and normal (>20?) storage.
Snowman, Kool-ex, Coldstar, Gati Kausar, and DHL Logistics are some of the leading players in the market which operate and manage both cold chain storage and logistics operations.
Market insights:
Increasing demand for cold storage facilities from the food, healthcare, and retail sectors, and the evolving lifestyle of consumers, mainly in terms of food habits and awareness about wellness, are the significant factors fueling the growth of the cold chain market in India. Also, several initiatives undertaken by the Indian government have helped to develop and improve cold chain systems in India and provide an impetus to the market. In 2020, the Indian government approved 27 integrated cold chain development projects under the Pradhan Mantri Kisan SAMPADA Yojana. However, the high operating costs of cold chains and lack of standardization are some of the factors hindering market growth.
Segment insights:
Based on market component, India’s cold chain market is segmented into cold chain storage and cold chain logistics. As of 2020, the cold chain storage segment accounted for 44.50% of the total market share. By the end of 2025, the cold chain storage segment is expected to hold a share of around 44.79% of the overall market. Owing to the constant rise in demand from the retail and healthcare industries for temperature-controlled storage and transportation, the market shares of both segments are expected to change marginally during the forecast period.
Impact of COVID-19:
The onset of the pandemic has aided the growth of the cold chain market in India. Apprehensions regarding contracting COVID-19 and the increasing demand for healthcare products and perishable food items are influencing the cold chain market in India. The increasing requirement for storage and transportation of COVID-19 vaccines has further propelled the growth of the market. Fruits and vegetables, dairy products, and animal products are the other market segments likely to have a moderate impact on the cold chain market in India.
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Our most recent research report showcases the thriving expansion of the India Cold Chain Market and offers in-depth insights into the projected market size, share, and revenue until 2030.
The report addresses the following key questions regarding the India Cold Chain market:
- What is the expected growth rate of the market in the upcoming years and what factors are driving this growth?
- How do consumers perceive and adopt different types of India Cold Chain in the market?
- How are regulatory policies and government initiatives impacting the growth of the India Cold Chain market?
- What is the market share of the top 5 players in the India Cold Chain market and how is it likely to change in the future?
- What are the latest technologies and innovations in the India Cold Chain market and how are they shaping the industry landscape?
- How do macroeconomic factors such as inflation, GDP, and exchange rates affect the India Cold Chain market?
- What are the challenges related to the supply chain and logistics that India Cold Chain market players face and how are they addressing them?
- How is the changing consumer behavior and preferences influencing the dynamics of the India Cold Chain market?
- What are the potential risks and uncertainties associated with investing in the India Cold Chain market, and how can they be mitigated?
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of India Cold Chain market revenues on a global, regional, and country level, projecting trends until 2030. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the India Cold Chain market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the India Cold Chain market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate India Cold Chain business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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