India Cold Chain Logistics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The India cold chain logistics market is expected to grow at a CAGR of more than 14% during the forecast period of 2020-2025. The demand for cold chain is due to the growth in sectors like organized retail, processed food, pharmaceuticals, growing shift towards horticulture, etc.
Some of the challenges in the market are the irregular distribution of cold storage capacity, lack of proper logistical connectivity support, and the need for high capital investment. The government of India is providing various technological and financial assistance in order to boost development of cold chain for horticulture and agro food products sector. According to industry sources, the market is fragmented in nature with the presence of large number of small players. Out of all the product categories, dairy sector has most developed cold chain in India. In terms of volume, more than half of all cold storage handling volumes were traditionally catered to potatoes. Currently, there is a clear shift towards multipurpose storage, and value-added services covering end to end requirements.
Key Market TrendsTemperature Controlled Storage Segment to Dominate the Market DemandThe India cold chain logistics market is a fragmented market, which consists a large number of local players to cater to the growing demand. Some of the major players in the market include Gati Kausar India Pvt Ltd, Snowman Logistics Pvt Ltd, ColdEx Logistics Pvt Ltd, Stellar Value Chain Solutions Pvt Ltd, amongst others.
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