India Cold Chain Logistics Market to Grow at 16% CAGR till 2024

Increasing demand for frozen and dairy food and growing healthcare industry to fuel India cold chain logistics market through 2024

According to TechSci Research report, “India Cold Chain Logistics Market By Type, By Product Type, By Sector, By Region, Competition, Forecast & Opportunities, 2024”, India cold chain logistics market is projected to grow at a CAGR of over 16% during 2019-2024, owing to growing processed food and healthcare industry. Increasing awareness of food wastage and health consciousness is also strengthening the demand for cold storages across the country. Moreover, the increasing technological adoption by market players such as RFID, GPS, Bar-code, etc., along with government initiatives like SAMPADA Scheme for cold chain infrastructure is expected to drive the India cold chain logistics market during the forecast period. 

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On the basis of type, India cold chain logistics market has been categorized into temperature-controlled storage and temperature-controlled transportation. The temperature-controlled storage segment is accounted for the largest market share in 2018, owing to the increasing demand for cold storage from different food segments like frozen food, vegetables, etc. North India is expected to account for the largest market share in the coming years, owing to the growth of food processing industries and increasing production of fruits and vegetables in the region.

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Few of the major players operating in India cold chain logistics market include Gati Kausar, Snowman Logistics, Kool-ex, DHL, Cold Star Logistics, M J Logistics, Gubba Cold Storage, Kuehne + Nagel among others. “Cold chain logistics allows efficient storage and transportation of temperature-sensitive products, allowing their use across various end-users. Moreover, increasing inclination towards organized retail sector is likely to further propel the market over next few years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“India Cold Chain Logistics Market By Type, By Product Type, By Sector, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of India cold chain logistics market and provides statistics and information on market size, structure and future market growth. The report intends 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 in India cold chain logistics market.

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