India Cold Chain Storage And 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 storage
and logistics market through 2024
According to TechSci Research
report, “India
Cold Chain Storage And Logistics Market By Type, By Product Type, By Sector,
By Region, Competition, Forecast & Opportunities, 2024”, India cold
chain storage and 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 storage and logistics market during the forecast
period.
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On the basis of type, India cold
chain storage and 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 storage and 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 storage and
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 storage and 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
storage and 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 storage and logistics market.
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