Indian Cold Chain Market Size, Share, Analysis, Report 2021-2026

According to the latest report by IMARC Group, titled “Indian Cold Chain Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the Indian cold chain market is witnessing strong growth.. India is one of the world’s largest producers of milk, meat, fruits, vegetables and fishes on account of its diverse agro-climatic zones. Despite this, a large part of the fresh produce gets wasted every year due to the lack of adequate cold storage and transportation facilities in the country. Although the cold chain market in India is currently at a nascent stage, it is anticipated to experience considerable growth in the upcoming years.

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Market Trends:
Understanding the importance of cold chain facilities, the Government of India has extended its support for improving the transportation and storage infrastructure in the country with the help of agencies such as NABARD, National Horticultural Board (NHB), Ministry of Food Processing Industries (MoFPI) and Agricultural and Processed Food Export Development Authority (APEDA). Apart from this, the government is also permitting 100% FDI and offering tax reductions to handlers in the cold chain industry. Moreover, as several healthcare products like biopharmaceuticals, vaccines and clinical trial materials are heat sensitive, the growing pharmaceutical industry has further catalyzed the demand for these facilities. Looking forward, the market value is expected to reach INR 1,425.49 Billion by 2026.

Insights on Market Segmentation:

Breakup by Segments:
1. Cold Chain Storage
2. Cold Chain Transportation

Based on segments, the market has been bifurcated into cold chain storage and cold chain transportation. At present, cold chain storage dominates the market, holding the largest share.

Breakup by Product:
1. Fruits and Vegetables
2. Meat and Fish
3. Dairy Products
4. Healthcare Products

On the basis of products, the market has been segregated as fruits and vegetables, meat and fish, dairy products, and healthcare products. Currently, the fruits and vegetables segment holds the majority of the total market share.

Breakup by Sector:
1. Private
2. Cooperative
3. Public

The market has also been divided on the basis of sectors which include private, cooperative and public. Amongst these, the private sector accounts for the biggest market share.

Breakup by Organised and Unorganised:
1. Organised
2. Unorganised

The market has been divided into organized and unorganized segments. Presently, the unorganized segment exhibits a clear dominance in the market.

Breakup by State:
1. Uttar Pradesh
2. West Bengal
3. Punjab
4. Gujarat
5. Bihar
6. Andhra Pradesh
7. Madhya Pradesh
8. Maharashtra
9. Karnataka
10. Haryana
11. Chhattisgarh
12. Orissa
13. Tamil Nadu
14. Others

Amongst these, Uttar Pradesh is the biggest market, accounting for the majority of the market share.

Competitive Landscape with Key Player:
• ColdEx Logistic Private Ltd.
• Coldman Logistic Private Ltd.
• Coldrush Logistics
• Cold Star Logistic Private Ltd.
• Dev Bhumi Cold Chain Ltd.
• Fresh and Healthy Enterprises Ltd.
• Future supply chains
• Gati Kausar India Ltd.
• Gubba Cold Storage Ltd.
• Kool - Ex Cold Chain Limited
• Radhakrishna Foodland Pvt Ltd.
• Seabird Logisolutions Limited (MJ Logistic Services Ltd.),
• Snowman Logistics Limited
• AbleCold Logistics

Ask Analyst for Instant Discount and Download Full Report with TOC & List of Figure: https://www.imarcgroup.com/indian-cold-chain-market

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.