Indian Cold Chain Market Report by Segment (Cold Chain Storage, Cold Chain Transportation), Product (Fruits and Vegetables, Meat and Fish, Dairy Products, Healthcare Products), Sector (Private, Cooperative, Public), Organised and Unorganised (Organised, Unorganised), and State 2024-2032
Market Overview:
The Indian cold chain market size reached INR 2,052.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach INR 5,596.9 Billion by 2032, exhibiting a growth rate (CAGR) of 11.4% during 2024-2032.
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Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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INR 2,052.7 Billion |
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Market Forecast in 2032
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INR 5,596.9 Billion |
| Market Growth Rate 2024-2032 | 11.4% |
Cold chains impart storage and distribution services for products that have to be maintained at a given temperature. India is currently the world’s largest producer of milk, second largest producer of fruits and vegetables and has a substantial production of marine, meat and poultry products. Most of these products are temperature sensitive and require specific temperature ranges to be stored and transported. This has resulted in the establishment of a very large cold chain infrastructure in the country.
Indian Cold Chain Market Drivers:
- Growth in Organized Food Retail: Organized retail is expected to be amongst the biggest drivers of the cold chain market in India. With the growth of the organized food retail, we expect consumers to get access to a very large variety of fresh fruits and vegetables, dairy products, meat and poultry products and a number of other temperature sensitive commodities that require cold chain storage and transportation. Most of the organized retail players have already acknowledged that setting up of a strong cold chain infrastructure is a key step in efficiently managing their supply chains.
- Growth in the Processed Food Sector: There has been a marked improvement in the consumer demand for processed foods. The Indian government has also announced the intent of establishing several mega food parks. This augurs well for the development of the cold chain industry in the country.
- Shift Towards Fruits and Vegetables: Due to increasing risks and investments in grain crops, farmers are moving towards cultivation of fruits and vegetables. Most of these crops require refrigeration and hence are expected to encourage the development of cold storage facilities.
- Increasing Demand from the Healthcare Sector: A number of healthcare products such as vaccines, biopharmaceuticals as well as clinical trial materials are heat sensitive and must be stored at temperatures ranging from 2OC - 8OC. With India’s vaccine, biopharmaceutical and clinical trials market expected to grow at double digit growth rates, we expect a strong demand of efficient cold chain facilities in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Indian cold chain market report, along with forecasts at the country and state level from 2024-2032. Our report has categorized the market based on segment, product, sector and organised and unorganised.
Breakup by Segment:
- Cold Chain Storage
- Cold Chain Transportation
The market has been segmented as cold chain storage and cold chain transportation. Currently, cold chain storage dominates the market, holding the largest share.
Breakup by Product:
- Fruits and Vegetables
- Meat and Fish
- Dairy Products
- Healthcare Products
Based on the product, the market has been segmented as fruits and vegetables, meat and fish, dairy products and healthcare products.
Breakup by Sector:
- Private
- Cooperative
- Public
The private sector currently represents the largest segment.
Breakup by Organised and Unorganised:
- Organised
- Unorganised
The market has also been segmented on the basis of organised and unorganised sectors.
Breakup by States:
- Uttar Pradesh
- West Bengal
- Punjab
- Gujarat
- Bihar
- Andhra Pradesh
- Madhya Pradesh
- Maharashtra
- Karnataka
- Haryana
- Chhattisgarh
- Rajasthan
- Orissa
- Tamil Nadu
- Others
The market has also been segmented on the basis of various states.
Competitive Landscape:
The competitive landscape of the market has also been examined in the report and the profiles of key players have also been provided.
This report provides a deep insight into the Indian cold chain market covering all its essential aspects. This ranges from the macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian cold chain market in any manner.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | INR Billion, Million Metric Tons |
| Segment Coverage | Segment, Product, Sector, Organised and Unorganised, States |
| States Covered | Uttar Pradesh, West Bengal, Punjab, Gujarat, Bihar, Andhra Pradesh, Madhya Pradesh, Maharashtra, Karnataka, Haryana, Chhattisgarh, Rajasthan, Orissa, Tamil Nadu, Others |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report
As per the IMARC Group, the cold chain market in India was INR 2,052.7 Billion in 2023. The increasing change in consumer dietary habits and the elevating requirement for reducing the wastage of perishable products and commodities are among the primary factors driving the Indian cold chain market. Additionally, the escalating demand for food items, including meat, vegetables, fruits, and dairy products, that require refrigerated packaging methods to maintain the quality and shelf life is also propelling the market growth. Moreover, the growing popularity of cold chain techniques in the healthcare sector for storage, packaging, and transportation of temperature-sensitive products, such as vaccines, biopharmaceuticals, and clinical trial materials, is acting as a significant growth-inducing factor.
As per the IMARC Group, the cold storage market in India can be anticipated to be INR 5,596.9 Billion in 2032. The rising integration of blockchain, augmented reality (AR), and the Internet of Things (IoT) with cold chain monitoring systems to offer predictive alerts of warehouse management, transportation, delivery, etc., is expected to drive the India cold storage market in the coming years. Additionally, the increasing number of weather-sensitive materials in the medical sector, including tissue samples, blood specimens, and certain drugs, is anticipated to propel the market growth over the forecasted period. Moreover, the implementation of stringent regulations for the safe storage and distribution of time- and temperature-sensitive pharmaceutical products (TTSPPs) is likely to fuel the India cold storage market in years to come.
The expansion of organized food retail services, along with the increasing demand for fresh fruits and vegetables, dairy products, meat and poultry items, etc., represent some of the factors driving the Indian cold chain market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations in India resulting in an escalated demand for cold chain warehousing services, particularly for storing temperature-sensitive commodities to prevent spoilage and atmospheric exposure.
Based on the segment, the Indian cold chain market has been divided into cold chain storage and cold chain transportation, where cold chain storage currently accounts for the highest market share.
Based on the product, the Indian cold chain market can be segmented into fruits and vegetables, meat and fish, dairy products, and healthcare products. Currently, fruits and vegetables segment represents the largest segment.
Based on the sector, the Indian cold chain market has been bifurcated into private sector, cooperative sector, and public sector. Among these, the private sector holds the majority of the total market share.
Based on the organised and unorganised sector, the Indian cold chain market can be segregated into organised sector and unorganised sector. Currently, the unorganised segment exhibits a clear dominance in the market.
On a regional level, the market has been classified into Uttar Pradesh, West Bengal, Punjab, Gujarat, Bihar, Andhra Pradesh, Madhya Pradesh, Maharashtra, Karnataka, Haryana, Chhattisgarh, Rajasthan, Orissa, Tamil Nadu and Others, where Uttar Pradesh currently dominates the market.
There are several types of cold chain companies in India. Snowman is one of the largest-serving cold storage companies in India, operating since 1996. Furthermore, for temperature-regulated logistic services, such as cold storage, transport and other additional services, Snowman has emerged as the biggest market leader in India. Other cold chain companies that are prevalent in India are Stockarea, Coldman, Coldrush, Indicold, Arihant Cold Storage, among others.
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