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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
India Cold Chain Market Trends
The growing demand for effective cold chain facilities from the health care sector to preserve heat sensitive products like vaccines, biopharmaceuticals, and clinical trial materials, among others, is also propelling the market growth. With the expected growth in India's pharmaceutical industry, the market is expected to witness a strong demand in the forecast period. Companies like Gati Kausar are focusing on providing integrated cold chain solutions that cater to the needs of the pharmaceutical industries.
Government initiatives and regulations are also playing a crucial role in shaping the India cold chain market outlook. For example, regulations such as the Food Safety and Standards Act (FSSA) and the Prevention of Food Adulteration (PFA) Act are ensuring that food products are stored and transported safely and hygienically, which is driving the demand for cold chain services.
India Cold Chain Market Report Snapshots
India Cold Chain Market Growth
India Cold Chain Market Trends
India Cold Chain Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the India cold chain market reached an approximate value of INR 1918.86 billion in 2023.
The market is expected to grow at a CAGR of 14.3% between 2024 and 2032.
The market is estimated to reach a value of about INR 6388.55 billion by 2032.
The major drivers of the market include rising disposable incomes, increasing middle class population, growing organised food retail, increased production and consumption of perishable food products, and the rapid urbanisation and industrialisation.
The flourishing e-commerce and organised food retail sectors, the surging production of meat, marine, and poultry products, government initiatives promoting food safety and quality, advancements in refrigeration technologies, and expansion of cold chain infrastructure are the key trends fuelling the market growth.
The various services of cold chain considered in the market report include cold chain storage and cold chain transportation, among others.
The various applications considered in the market report are fruit and vegetables, meat, fish, and seafood products, dairy products, processed food products, healthcare products, and others.
Major regions considered in the market are North India, East and Central India, West India, and South India.
Key players in the market are CEVA Logistics SA, Snowman Logistics Limited, TCIEXPRESS LIMITED, GK Cold Chain Solutions, Coldrush Logistics Pvt. Ltd., ColdEX Logistics Pvt. Ltd., Gubba Cold Storage Pvt. Ltd., Future Enterprises Limited, Container Corporation of India Limited (Fresh and Healthy Enterprises Ltd.), and Coldman Logistics Pvt.Ltd., among others.
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