Indian Cold Chain Market Outlook
According to the report by Expert Market Research (EMR), Indian cold chain market is projected to grow at a CAGR of 14.3% between 2024 and 2032. Aided by growing demand for processed food products and the growth of the retail and e-commerce industry in India, the market is expected to grow significantly by 2032.
Cold chains are an integral part of the supply chain system that involves the production, storage, and distribution of perishable items under a regulated temperature-controlled environment. From pharmaceuticals to food and beverages, the relevance of the cold chain system in maintaining the quality and extending the shelf life of products is invaluable.
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One of the most significant factors contributing to the Indian cold chain market growth is the increasing demand for fresh and processed food products. As the economy grows, the middle-class segment is burgeoning, leading to enhanced purchasing power and a preference for quality goods. These societal changes are directly influencing the need for robust cold chain logistics.
Pharmaceuticals are another sector boosting the Indian cold chain market demand. With a growing focus on healthcare and increased investment in pharmaceuticals, the need for safe and temperature-controlled storage and distribution systems for vaccines, blood products, and other sensitive materials is paramount. Furthermore, the governmental initiatives aimed at reducing post-harvest losses and making the agri-supply chain more robust are providing an additional fillip to the market growth. The Indian government has been very forthcoming in offering tax benefits and financial assistance to cold chain logistics and infrastructure.
The Indian cold chain market trends include technological advancements and innovations in refrigeration methods and packaging solutions. Telematics and IoT (Internet of Things) are being increasingly integrated into the cold chain logistics for real-time monitoring, thus improving efficiency and reliability.
Moreover, there’s a growing emphasis on sustainable or “green” cold chains that focus on reducing the environmental impact through energy-efficient cooling solutions and renewable energy sources. An Indian cold chain market analysis reveals several emerging opportunities in different sectors, including e-commerce. The recent boom in online grocery and pharmaceutical deliveries amid pandemic-induced lockdowns highlighted the critical role of cold chain logistics in e-commerce.
Another growing area is the meat and seafood industry, where controlled temperature is crucial from catch to consumer to ensure freshness and to meet stringent food safety regulations. Also, the dairy industry has been witnessing steady growth, with higher consumption of products like cheese and yoghurt that require cold chain logistics.
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Indian Cold Chain Market Segmentation
The market can be divided based on services, product, sector, segment, and states.
Market Breakup by Services
- Cold Chain Storage
- Cold Chain Transportation
Market Breakup by Product
- Fruits and Vegetables
- Meat and Fish
- Dairy Products
- Healthcare Products
Market Breakup by Sector
- Private
- Cooperative
- Public
Market Breakup by Segment
- Organised
- Unorganised
Market Breakup by States
- Uttar Pradesh
- West Bengal
- Punjab
- Gujarat
- Bihar
- Andhra Pradesh
- Madhya Pradesh
- Maharashtra
- Karnataka
- Haryana
- Chhattisgarh
- Rajasthan
- Orissa
- Tamil Nadu
- Others
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