Cold Chain Market in India 2020 | Snowman Logistics Limited, Coldstar Logistics Private Limited, Gati Kausar India Limited, Gubba Cold Storage Private Limited, Kool-ex Cold Chain Limited, Seabird Logisolutions Limited, DHL Logistics Private Limited, Kuehn
Key Players: Snowman Logistics Limited, Coldstar Logistics Private Limited, Gati Kausar India Limited, Gubba Cold Storage Private Limited, Kool-ex Cold Chain Limited, Seabird Logisolutions Limited, DHL Logistics Private Limited, Kuehne + Nagel Private Limited
Cold chains provide storage and distribution services for products that are temperature-sensitive. Depending on the nature and purpose of storage application, cold chains have been categorized as frozen (< -18?), chilled (ranging between 0? and 10?), mild chilled (ranging from 10? to 20?), and normal (>20?) storage.
The cold chain Market in India was valued at INR 1.32 Trn in 2019 and is expected to reach INR 4.93 Trn by 2025, expandi ng at a compound annual growth rate (CAGR) of ~25.29% during the 2020-2025 period. Increased demand for cold storage facilities from the food, healthcare, and retail sectors, and evolving lifestyle of consumers, mainly in terms of food habits and wellness awareness, are the significant factors fueling the growth of the cold chain
Market in India. Moreover, several initiatives undertaken by the Indian government to develop and improve cold chain systems in India have also provided an impetus to the
Market. In 2019, the Indian government approved the development of 281 new cold chain facilities in the country. Further, in 2020, the Indian government approved 27 integrated cold chain development projects under the Pradhan Mantri Kisan SAMPADA Yojana. However, high operating costs of cold chains and lack of standardization in the
Market are some of the factors hindering
Market component, India's cold chain
Market is segmented into cold chain storage and cold chain logistics. As of 2019, the cold chain storage segment dominated the
Market, accounting for 56% of the total
Market share. By the end of 2025, the cold chain storage segment is expected to hold a share of around 56.70% of the overall
Market. Owing to the constant rise in demand for temperature-controlled storage and transportation from the retail and healthcare industries, the
Market shares of both the segments are expected to change marginally during the forecast period. Some of the leading players in the
Market, operating and managing both cold chain storage and logistics operations include Snowman, Kool-ex, Coldstar, Gati Kausar, and DHL Logistics.
Impact of COVID-19:
The contagion has been beneficial for the cold chain
Market in India. The fear of the disease, and the increasing demand for healthcare products and perishable food items are influencing the cold chain
Market in India. Fruits and vegetables, dairy products, and animal products are the other
Market segments likely to have a moderate impact on the cold chain
Market in India.
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