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 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.
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Ankur Gupta, Head Marketing & Communications Ken Research, ,+91-9015378249 , firstname.lastname@example.org