India Cold Chain Market

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India Cold Chain Market
India Cold Chain Market
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India Cold Chain Market
The report published by Renub Research, titled
India Cold Chain Market Size, Share, Forecast
2021-2027, Industry Trends, Growth, Impact of
COVID-19, Opportunity Company Analysis the India
Cold Chain Market is expected to reach US 53.07
Billion by 2027. The Indians have long curbed the
enormous losses of perishable foodstuffs and
initiated cold storage and cold transport
facilities within the vicinities of the farms.
Hence, the cold chain is integrated into the
logistic processes of most of the companies and
has a significant market share in cold chain
logistics of perishable products (fruits,
vegetables, meat, seafood, dairy products).
Moreover, with the changing lifestyles and demand
for processed foods, the cold chain has become
the need of the hour. Cold chain logistics are
defined as a temperature-controlled supply chain
cold storage and distribution in which
biopharmaceutical products, perishable food
(fruits, vegetables, meat, seafood, dairy
products), processed food, chemicals and flowers
plants are preserved fresh, and their shelf
life is prolonged to a more significant period.
India Cold Chain Market
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India Cold Chain Market
Besides, India has a firm concept that the cold
chain has become a necessity not just for the
agricultural produce but also for other products,
as mentioned above. How COVID-19 Benefited
Indian Cold Chain Industry The pandemic has
positively favoured the cold chain industry,
boosting the market for cold chain market. The
widening demand of packaged food beverage
products is an encouraging take for cold chain in
India to boom. Moreover, as the COVID-19 impacted
every industry's supply chain restricted trade
during the pandemic, this resulted food
manufacturers to emphasize on food products and
their storage techniques to increase their
shelf-life, which further propelled the market
for the cold chain. Further, the explosion of
COVID-19 also has created a shift toward an
organized retail market to prevent further virus
outbreaks. In the COVID-19 scenario, consumers
stockpiled processed food stocks with a long
shelf life to perishable foods, and limited trade
movements between states.
India Cold Chain Market
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India Cold Chain Market
Hence, the Indian infrastructure underscored the
value of the food value chain to move from
open-air markets to a cold-chain model to
preserve perishable items for a longer duration
massively. The Realms of Indian Cold Chain
Industry The Indian Cold Chain Market revolves
around the realms of Organized and Unorganized
sectors. More recently, the organized industry's
growth involves the application of cold chains
across third-party logistics (3PLs), Quick
service restaurants (QSR), retail, e-commerce.
Recently, foodservice industries supported by
changing consumption patterns have also brought
the cold chain segments into focus. Thus, with
the growth in organized food delivery, e-commerce
remains a crucial driver for the cold chain
sector in India. Fruits and Vegetables hold the
Dominant Place in India Cold Chain Logistics For
ages, India has been producing a million tonnes
of fruits and vegetables annually. Wherein, out
of total produce significant percent used to get
wasted in the past years.
India Cold Chain Market
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India Cold Chain Market
However, with the evolution of the cold chain,
the nation has been seeing significant
progressing status. Remarkably, as per our
analysis of market share, fruits and vegetables
hold a most dominant place in cold chain
logistics. This further has translated into a
golden opportunity for the service providers
existing in the logistics market. Additionally,
the pharmaceutical industry is also prospering,
which requires temperature-controlled supply
logistics. The sudden outbreak of the COVID-19
led to growth of the pharmaceutical industry,
wherein the vaccine market has added to the
demand of the cold chain industry. Government
Incentives and Projects for the Cold Chain
Industry The Government of India has noticed the
cold chain's value-added and further aims to
support the cold chain industry by starting
several initiatives. Under its different
ministries and agencies, the Government of India
has provided financial assistance and grants for
setting up Cold Chain. Numerous tax exemptions
and subsidies have been implemented to ensure
that this industry has a growth rate with other
countries.
India Cold Chain Market
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India Cold Chain Market
For instance, these exemptions and benefits
constitute the National Horticulture Mission
(NHM), National Horticulture Board (NHB),
Agricultural and Processed Food Products Export
Development Authority (APEDA), Mission for
Integrated Development of Horticulture (MIDH) and
Ministry of Food Processing Industry (MoFPI).
Along with the absolute and impeccable
collaboration of the Department of Agriculture
and Cooperation (DAC), which runs adjacent to
grow and boost the cold storage industry in
India. Company Insights The Indian Cold Chain
Industry is a fragmented market, consisting of
many local players to cater to the growing
expectations and demand. Remarkable the
significant players in the market include Snowman
Logistics Pvt Ltd, GatiKausar India Pvt Ltd (Gati
Ltd), Container Corporation of India Limited,
Mahindra Logistics Limited and Future Supply
Chain Solutions Ltd.
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India Cold Chain Market
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India Cold Chain Market
India Cold Chain Market Size was US 24.62
Billion in 2021 With the evolution of the
changing macro-economic factors in India, the
cold chain industry has a considerable scope to
grow. In addition, before the GST, companies
preferred to establish warehouses in tax-friendly
zones. Moreover, the implementation of GST has
reduced transportation delays like e-way bills,
multiple check posts. Hence, GST also acts as a
boon by eliminating redundant and time-consuming
check posts. Additionally, tech innovations like
smart sensors and data loggers connected to GPS
can track real-time temperature, pressure, and
humidity readings, supporting the market's
advancement. Further, due to the exponential
extension in the E-commerce and food tech
industry, there is a huge demand for cold chains.
The strong collaboration between e-tailers and
the food tech supply chain industry has
strengthened research and development in the cold
chain industry.
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India Cold Chain Market
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India Cold Chain Market
Market Summary By Type We have covered India
Cold Chain Market through two aspects Organized
and Unorganized By Products In the report India
Cold Chain Market we have studied
Biopharmaceutical Products, Perishable Food
(Fruits, Vegetables, Meat, Seafood, Dairy
Products), Processed Food, Chemicals, Flowers
Plants and Others. Company In our report
market's main players studied include Snowman
Logistics Pvt Ltd, GatiKausar India Pvt Ltd (Gati
Ltd), Container Corporation of India Limited,
Mahindra Logistics Limited and Future Supply
Chain Solutions Ltd).
India Cold Chain Market
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India Cold Chain Market
India Cold Chain Market
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India Cold Chain Market