Indian Cold Chain Industry will grow with double CAGR of 13.66% from 2021 to 2027

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. 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.

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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. 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. 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.

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.

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.

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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.

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).

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:

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Indian Cold Chain Industry will grow with double CAGR of 13.66% from 2021 to 2027

A cold chain indicates the transportation and warehousing of temperature-sensitive products from the point of origin to the end of consumption, which increases shelf life and prevents spoilage. Today, the cold chain industry in India is rising from a nascent scaffold, making it one of the encouraging fields in the warehousing and logistics industry. Moreover, thus far, cold storage facilities in India had only been limited mainly to storing perishable horticulture produce such as fruits and vegetables but now have expanded to numerous other products as well. According to Renub Research new report, India Cold Chain Market is expected to reach US$ 53.07 Billion by 2027.

india cold chain market 2021 – 2027


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.


Indian Cold Chain Industry will grow with double CAGR of 13.66% from 2021 to 2027

Nowadays, consumers demand many biopharmaceutical products, fresh perishable food (fruits, vegetables, meat, seafood, dairy products), processed food, chemicals, flowers, & plants, which are temperature-sensitive commodities requiring a cold chain infrastructure. Therefore, setting up a robust cold chain infrastructure is a crucial step in efficiently controlling their supply chains. The trend is now changing towards setting multipurpose cold storage and catering end-to-end services across the value chain.


Notwithstanding, pharmaceutical products are highly susceptible to temperature and time constraints, making cold chains essential for cold chain application. In the present situation where safe delivery of vaccines for mass immunization against COVID-19 is an absolute priority, the cold chain is in huge demand across a country-wide footprint. The development is primarily driven by apprehending increased market by organized cold chain operators, changing consumer behaviour for quality products, and securing supply reliability in a pandemic like situation.


In addition, traditional dairy products such as ghee (clarified butter), curd (yoghurt) and paneer (cottage cheese) are primarily catered to by the unorganized sector. However, with the increasing quality consciousness of consumers, organized sector play is expected to grow in these products in the years to come. Apart from this, the factors acting as catalysts for the cold chain industry includes rising emphasis on reducing food wastage and government initiatives like FDI relaxation.


COVID-19 Impact on Indian Cold Chain Industry

The pandemic has positively impacted the cold chain industry, fuelling the market for cold chain market. The widening adoption rate of packaged food & beverage products is an encouraging take for the growth of the cold chain in India. The COVID-19 impacted every industry’s supply chain due to restricted trade during the pandemic, resulting in food manufacturers emphasizing food products and their storage to increase their shelf-life, which 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. Consumers have stockpiled processed food stocks with a long shelf life to perishable foods, and limited trade movements between states have surpassed cold chain storage capacities in certain conditions. Hence, the Indian infrastructure underscores the need for the food value chain to move from open-air markets to a cold-chain model to preserve perishable items for a longer duration massively.


Cold Chain Industry is expanding at a faster pace in Tier I and Tier II cities of India:

The cold chain industrial clusters are concentrated in major metro cities. Cold Chain Industry has massive potential in Tier I (Delhi, Mumbai, Bangalore, Chennai, Hyderabad, Kolkata, Ahmedabad and Pune) and Tier-II cities (Gurgaon, Noida, Vellore, Coimbatore, Kochi, Thiruvananthapuram, Patna, Rajkot, Goa, Lucknow and Jaipur). Also, an uptick in investment activity amongst the cities is seen. Thus the industry is more likely to attract significant capital inflow and new capacity creation in the forthcoming years. Our research findings show that India Cold Chain Market Size was US$ 24.62 Billion in 2021.


Critical Companies Performance in India:

The Indian Cold Chain Industry is a fragmented market, consisting of many local players to cater to the growing expectations and demand. Remarkable of the major 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.


Renub Research latest report “India Cold Chain Market, Global Forecast By Type (Organized and Unorganized), Products (Biopharmaceutical Products, Perishable Food (Fruits, Vegetables, Meat, Seafood, Dairy Products), Processed Food, Chemicals, Flowers & Plants and Others), Companies (Snowman Logistics Pvt Ltd, GatiKausar India Pvt Ltd (Gati Ltd), Container Corporation of India Limited, Mahindra Logistics Limited and Future Supply Chain Solutions Ltd)” provides a detailed analysis of India Cold Chain Industry.


Type – India Cold Chain Market has been covered from 2 viewpoints:

1.    Organized
2.    Unorganized


Products – India Cold Chain Market has been covered from 6 viewpoints:

1.    Biopharmaceutical Products
2.    Perishable Food (Fruits, Vegetables, Meat, Seafood, Dairy Products)
3.    Processed Food
4.    Chemicals
5.    Flowers & Plants
6.    Others


Company Insights:

•    Overview
•    Recent Development & Strategies
•    Financial Insights


Companies Covered:

1.    Snowman Logistics Pvt Ltd
2.    GatiKausar India Pvt Ltd (Gati Ltd)
3.    Container Corporation of India Limited
4.    Mahindra Logistics Limited
5.    Future Supply Chain Solutions Ltd

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

Follow on Linkedin: https://www.linkedin.com/company/renub-research