Increasing demand for frozen
and dairy food and growing healthcare industry to fuel India cold chain storage
and logistics market through 2025
According to TechSci Research
report, “India
Cold Chain Storage And Logistics MarketBy
Type (Temperature-Controlled Storage, Temperature-Controlled Transportation),
By Product Type (Fruits & Vegetables, Meat, Fish & Sea Food, Dairy
Products, Healthcare, Others), By Sector (Private, Co-operatives, Public), By Region, Competition, Forecast & Opportunities, 2025”, India cold chain storage
and logistics market was valued at USD 2,971 million in 2015 and reached USD
4,701 million in 2019, exhibiting a CAGR of 12.16%. The market is forecast to
grow at a CAGR of 17.04% during 2020-2025, owing to the growing food processing
industry, increasing food wastage in the country, rapid growth in agricultural exports,
rising private sector investments, and increasing share of organized food
retail market.
Additionally, government
initiatives and supportive regulatory
policies such as 100% FDI Permit and excise duty exemption are promoting the
adoption of cold chain storage & transportation in the country.
The Indian food processing
industry accounts for 32% of the country’s total food market. It is one of the
largest industries in the country and ranks fifth in terms of production,
consumption, and exports. The total food production in the country is
anticipated to more than double in the coming years, which will augment demand
for better storage and maintenance of cold storage warehouses in order to
prevent spoilage of food grain. Additionally, the food sector has emerged as a
high-growth and high-profit sector due to its immense potential for value
addition, particularly within the food processing industry. These factors are
anticipated to collectively drive the demand for modern cold storage supply
chain in India during the forecast period.
Browse 13 market data Tables and
Figures spread through 74 Pages and an in-depth
TOC on
"India Cold chain storage
and logistics Market "
https://www.techsciresearch.com/report/india-cold-chain-logistics-market/4350.html
On the basis of type, India
cold chain storage and logistics market has been categorized into temperature-controlled
storage and temperature-controlled transportation. The temperature-controlled
storage segment is accounted for the largest market share in 2019,owing to the increasing
demand for cold storage from different food segments like frozen food,
vegetables, etc. North India is expected to account for the largestmarket share
in the coming years, owing to the growth offood processing industries and
increasing production of fruits and vegetables in the region.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4350
Customers can also request for 10% free customization on this report.
Few of the major players operating
in India cold chain storage and logistics market include Snowman Logistics Ltd.,
Container Corporation of India Ltd. (CONCOR), Coldex Logistics Pvt. Ltd., GatiKausar
Ltd., DHL International GmbH, ColdStar Logistics Pvt. Ltd, M. J. Logistics
Services Ltd., Gubba Cold Storage Ltd., Kelvin Cold Chain Logistics Pvt. Ltd., RK
Foodland Pvt.Ltd., among others.
“Cold storage capacity is
gradually increasing in the country. Around 70-75% of the total cold storage capacity
in India is suitable only for potato storage. However, low return on investment
from such storage infrastructure has forced many investors to look for more
economically viable options. This has led to increase in the number of
multi-purpose cold storage constructions over the past few years, a trend
likely to continue across the country even during the forecast period.In
multi-purpose cold storages, varied temperatures can be maintained at the same
time, which is not possible in conventional cold storages. As a result,
capacity utilization is significantly higher in multi-purpose cold storages as
multiple commodities including meat, fish, potatoes, fruits and vegetables can
be stored at the same time.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“India
Cold Chain Storage And Logistics Market By Type (Temperature-Controlled
Storage, Temperature-Controlled Transportation), By Product Type (Fruits &
Vegetables, Meat, Fish & Sea Food, Dairy Products, Healthcare, Others), By Sector
(Private, Co-operatives, Public), By Region, Competition,
Forecast & Opportunities, 2025”has evaluated the future
growth potential of Indiacold chain
storage and logisticsmarket and provides statistics and information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in Indiacold chain storage and logisticsmarket.
About
TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in researchbased consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
This post is very Helpful for me thankful for sharing the great article.
ReplyDeleteCold Chain Storage Business
I enjoyed reading this post. Thank you for taking the time full study material.
ReplyDelete