India Cold Chain Market Forecast and Opportunities, 2019

Dec 5th, 2014, Mumbai, India: Bharat Book Bureau presents the report, on “India Cold Chain Market Forecast and Opportunities, 2019”. . With government bringing cold chain under the ambit of infrastructure sector in 2011-12, the country’s cold chain market is poised to witness significant upsurge in future.

With rising food production and consumption, India’s existing cold chain infrastructure is falling short in adequately addressing the country’s demand for high-quality fresh food products. Around 40% of the fruit and vegetable produce gets wasted while moving from the grower to consumer. Major factors responsible for this loss are poor cold chain infrastructure and the inadequacies that exist in supply chain. With government bringing cold chain under the ambit of infrastructure sector in 2011-12, the country’s cold chain market is poised to witness significant upsurge in future. Besides storage and transportation of food products, pharmaceutical and chemical industries in India are also creating significant need for cold chain services, including cold stores and temperature controlled vehicles, for transportation of vaccines and other medical products. Rising consumption of meat and meat-based food products is also creating significant need for cold chain expansion in the country. Presently, the cold chain infrastructure in India relies on obsolete technologies, which mandates for its renovation or complete replacement.

According to “India Cold Chain Market Forecast & Opportunities, 2019”, the Indian cold chain market is projected to grow at a CAGR of around 23.88% during 2014 -19, in value terms. Currently, the market is largely unorganized and fragmented with only handful domestic players offering complete food storage and logistics services in the country. However, over the next five years the Indian cold chain market is expected to witness consolidation due to growing private investments, entry of foreign refrigeration and insulation equipment...