India Cold Chain Logistics Market to Reach USD 18.19 Billion by 2029, Driven by Rising Demand for Perishable Goods and E-commerce Expansion

Mordor Intelligence has published a new report on the India Cold Chain Logistics Market, offering a comprehensive analysis of trends, growth drivers, and future projections.  

The India cold chain logistics market is projected to grow from USD 11.64 billion in 2024 to USD 18.19 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 9.72% during the forecast period.This growth is primarily attributed to the increasing demand for perishable goods and the rapid expansion of e-commerce and online pharmaceutical sales.

Cold chain logistics involves the transportation and storage of temperature-sensitive products, ensuring their quality and safety from origin to consumption. In India, the cold chain sector is gaining significant traction due to the rising consumption of perishable items such as fruits, vegetables, dairy products, and pharmaceuticals. The shift in consumer behavior towards online shopping, especially for groceries and medicines, has further amplified the need for efficient cold chain solutions. Despite being in its nascent stage, the Indian cold chain industry presents substantial growth opportunities, bolstered by government initiatives and increasing private investments aimed at enhancing supply chain infrastructure.

Key Trends

1. Surging Demand for Perishable Goods: India’s position as a leading producer of perishable commodities necessitates robust cold chain logistics to minimize post-harvest losses and maintain product quality. The Food and Agriculture Organization estimates that approximately 1.3 billion tonnes of food are lost annually, underscoring the critical need for efficient cold chain systems.
2. E-commerce and Online Pharmaceutical Growth: The proliferation of e-commerce platforms and the increasing trend of online pharmaceutical purchases have created a substantial demand for reliable cold chain logistics to ensure the safe delivery of temperature-sensitive products.
3. Government Initiatives and Subsidies: The Indian government is actively promoting the development of cold chain infrastructure through various subsidy schemes and grants. The Ministry of Food Processing Industries (MoFPI) has launched programs dedicated to cold chain development, value addition, and preservation infrastructure, encouraging private sector participation.Technological Advancements: The integration of advanced technologies such as Internet of Things (IoT) devices, real-time tracking systems, and automated temperature controls is enhancing the efficiency and reliability of cold chain logistics in India.
4. Infrastructure Development: Significant investments are being made to expand and modernize cold storage facilities and transportation networks across the country, addressing the existing infrastructure gaps and improving the overall cold chain ecosystem.

Report Overview: https://www.mordorintelligence.com/industry-reports/india-cold-chain-logistics-market

Market Segmentation

The India cold chain logistics market is segmented based on service, temperature type, application, and geography.

• By Service:
  • Storage: Includes refrigerated warehouses and cold storage facilities that maintain the quality of perishable goods.
  • Transportation: Encompasses refrigerated vehicles and containers used for the movement of temperature-sensitive products.
  • Value-Added Services: Services such as blast freezing, labeling, and inventory management that enhance the efficiency of the cold chain process.
• By Temperature Type:
  • Chilled: Suitable for products requiring storage temperatures between 0°C to 8°C, such as dairy products and certain pharmaceuticals.
  • Frozen: Necessary for items that need to be stored below 0°C, including ice creams, frozen vegetables, and meats.
• By Application:
  • Horticulture: Fruits and vegetables that require controlled temperatures to maintain freshness.
  • Dairy Products: Milk, cheese, butter, and other dairy items that are highly perishable.
  • Meats, Fish, and Poultry: Products that necessitate stringent temperature controls to prevent spoilage.
  • Processed Food Products: Ready-to-eat meals and other processed foods requiring cold storage.
  • Pharma, Life Sciences, and Chemicals: Temperature-sensitive pharmaceuticals, vaccines, and certain chemicals that require precise temperature management.
• By Geography:
  • North India: Regions with significant agricultural output necessitating extensive cold chain services.
  • South India: Areas with a high concentration of seafood and pharmaceutical industries.
  • East India: Regions producing substantial quantities of fruits and vegetables.
  • West India: Industrial hubs with diverse cold chain logistics requirements.

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Key Players

The Indian cold chain logistics market is characterized by the presence of several key players who are instrumental in shaping the industry’s landscape. Notable companies include:

• Gati Kausar India Pvt Ltd: A prominent player offering a range of cold chain solutions with a focus on temperature-controlled transportation and storage services.
• Snowman Logistics Pvt Ltd: Specializes in integrated temperature-controlled logistics services, including warehousing and distribution for perishable products.
• ColdEx Logistics Pvt Ltd: Provides end-to-end cold chain logistics solutions, catering to various sectors such as dairy, pharmaceuticals, and frozen foods.
• Stellar Value Chain Solutions Pvt Ltd: Focuses on building an advanced cold chain network, offering services that encompass warehousing, transportation, and value-added solutions.
• Future Supply Chain Solutions: Offers a comprehensive suite of supply chain services, including temperature-controlled logistics, to meet the diverse needs of the Indian market.

These companies are investing in technology and infrastructure to enhance their service offerings and expand their market presence, contributing significantly to the industry’s growth.

Conclusion

The India cold chain logistics market is on a robust growth trajectory, driven by the increasing demand for perishable goods, the rise of e-commerce, and the need for efficient pharmaceutical supply chains. As India continues to urbanize and modernize, the importance of maintaining the quality and safety of temperature-sensitive products cannot be overstated.

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