India Cold Chain Logistics Market: Industry Size, Share, and Competition Analysis

MANHATTAN, N.Y. - Feb. 21, 2023 - PRLog -- This suggests that the market value of the cold chain logistics market in the country is expected to experience a healthy CAGR during the forecast period. Despite being the world's second-largest producer of fruits and vegetables and the third-largest producer of milk, India experiences significant food and agricultural product loss due to the nascent cold chain supply. To combat this, the cold chain industry needs to grow. Organized food retail expansion and an increase in perishable food production and consumption, as well as rising demand for high-quality items, contribute significantly to the industry's expansion in India. Additionally, the country's rapid urbanization and expanding industrialization aid in the sector's growth. The pharmaceutical business is also a significant industry that relies on a reliable cold supply chain network for the transportation and storage of vaccines, life-saving medications, and other pharmaceutical raw materials.

The expansion of organized food retail as well as the increase in perishable food production and consumption in the country are driving the demand for cold chains. The majority of organized retail businesses are constructing sizable cold chain infrastructures to manage their supply chains effectively. Additionally, the region's rising taste for processed food items and move toward the production of fruits and vegetables over grain crops considerably contribute to the industry's expansion.

India s experiencing substantial growth in the demand for high-quality items as a result of rising consumer disposable income and an expanding middle-class population. The expansion of the sector in India is further aided by the country's rapid urbanization and expanding industrialization.

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The industry is receiving a further boost from the government's plan to build multiple mega food parks, in addition to favorable laws. The healthcare industry's growing demand for efficient cold chain facilities to maintain heat-sensitive items, including vaccines, biopharmaceuticals, and clinical trial materials, is driving the industry's growth.

Key market players in the India Cold Chain Logistics Market include:

• Gati Kausar India Pvt. Ltd.
• Snowman Logistics Pvt. Ltd.
• ColdEX Limited
• Stellar Value Chain Solutions Pvt. Ltd.
• Future Supply Chain Solutions Limited
• Schedulers Logistics India Pvt. Ltd.
• Gubba Cold Storage Pvt. Ltd.
• Kailash Agro Cold Storage
• Deccan cold storage I Pvt. Ltd.
• Dev Bhumi Cold Chain Pvt. Ltd.

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