The India Cold Chain Logistics Market, as analyzed in the TechSci Research report titled “India Cold Chain Logistics Market – By Region, Competition, Forecast & Opportunities, 2028,” is poised for substantial growth driven by various factors such as the rising demand for processed food products and the expansion of the retail and e-commerce sectors in the country. With a robust CAGR projected during the forecast period, the market is witnessing significant traction, presenting lucrative opportunities for stakeholders across the supply chain.
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Driving Forces behind Market Growth
India’s position as the world’s second-largest producer of fruits and vegetables, coupled with its status as the third-largest producer of milk, underscores the immense potential of the cold chain logistics market in the country. Despite this, significant food and agricultural product losses occur due to inadequate cold chain infrastructure. According to the Food & Agriculture Organization, approximately one-third of all food produced annually is lost, amounting to around 1.3 billion tonnes. These losses incur substantial economic costs, estimated to range between USD 8 to 15 billion annually. Addressing these challenges necessitates the growth and enhancement of the cold chain industry.
Moreover, beyond perishable foods, the pharmaceutical sector relies heavily on a reliable cold supply chain network for the transportation and storage of vaccines, life-saving medications, and other pharmaceutical raw materials. As India emerges as a prominent player in the pharmaceutical and clinical trial industries, the demand for efficient cold chain facilities is poised to surge, driven by the need to preserve heat-sensitive goods, especially amid initiatives for mass vaccination against COVID-19.
Expanding Market Dynamics
The expansion of organized food retail and the increasing production and consumption of perishable food items in India are key drivers propelling the demand for cold chain logistics. Organized retail players are investing significantly in developing robust cold chain infrastructures to effectively manage their supply chains and cater to evolving consumer preferences. Furthermore, the country’s rapid urbanization, expanding middle-class population, and rising disposable income contribute to the growing demand for high-quality products, further fueling the expansion of the cold chain logistics industry.
Government Initiatives and Regulatory Landscape
The Indian government’s initiatives, including the establishment of numerous mega food parks and favorable regulations, are providing additional impetus to the industry’s growth trajectory. Mega food parks aim to enhance food processing and storage capabilities, fostering the development of a robust cold chain infrastructure. Moreover, in light of the healthcare sector’s increasing demand for efficient cold chain facilities, the government’s focus on bolstering the pharmaceutical and clinical trial industries is expected to drive significant demand for cold chain logistics services.
Competitive Analysis
The India Cold Chain Logistics Market is witnessing increased competition as various players strive to capitalize on emerging opportunities and address evolving consumer needs. Organized 3PLs (Third-Party Logistics), QSRs (Quick Service Restaurants), retail, e-commerce, and food service sectors are expanding their cold chain infrastructure to effectively manage their supply chains and cater to consumer demands for fresh produce. Multinational corporations are also focusing on tapping into growing consumer buying power, particularly in the Muslim market, by offering halal products and services.
Benefits of the Research Report
The TechSci Research report on the India Cold Chain Logistics Market offers several benefits for stakeholders:
The India Cold Chain Logistics Market presents significant growth prospects driven by rising demand for processed food products, expansion of the retail and e-commerce sectors, and government initiatives to enhance food processing and storage capabilities. With increasing competition and evolving consumer preferences, stakeholders across the supply chain stand to benefit from leveraging insights provided by the TechSci Research report to capitalize on emerging opportunities and drive strategic growth.
Key market players in the India Cold Chain Logistics Market include:
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“The modernization of logistics has assisted the growth of the refrigerated logistics sector. The demand for cold chain logistics increased unexpectedly in India between 2020 and 2021. The need for cold storage and transportation has risen as a result of the growing urban population and changing customer preferences. Overall, it is expected that India’s cold chain capacity would expand steadily over the future years and increase at a very high CAGR throughout the forecast period. The market is anticipated to organize itself better and engage in more institutional investment. Built-to-suit assets with improved architectural requirements, variety in cold storage products catering to higher-value commodities, and usage of sustainable solutions for lowering operational costs are possible future trends in this industry. Therefore, these factors are expected to fuel the market growth of the India Cold Chain Logistics Market during the forecast period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“India Cold Chain Logistics Market, By Service Type (Refrigerated Warehouse, Refrigerated Transportation), By Application (Seafood, Meat, Fruit & Vegetable, Dairy Products, Alternative Protein, Others), By Temperature Type (Frozen, Chilled), By Technology (Dry Ice, Gel Packs, Eutectic Plates, Liquid Nitrogen, Quilts), By Region, Competition, Forecast & Opportunities, 2028”, has evaluated the future growth potential of India Cold Chain Logistics Market and provides statistics and information on market structure, size, share, and future growth. The report is intended 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 present in the India Cold Chain Logistics Market.
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