The latest report by IMARC Group, titled “Indian Cold Chain Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,“ offers a comprehensive analysis of the industry, which comprises insights into the Indian cold chain market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
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.
Indian Cold Chain Market Overview:
A cold chain refers to a temperature-controlled supply chain that ensures the continuous refrigeration or freezing of perishable products, such as pharmaceuticals, food items, and chemicals, from the point of origin to the point of consumption. This specialized logistics process is essential for maintaining the integrity, quality, and safety of products that require specific temperature conditions. The cold chain encompasses all the stages involved in handling these goods, including production, transportation, storage, and distribution. Efficient cold chain management utilizes advanced technologies such as temperature monitoring devices, insulated packaging solutions, and refrigerated transportation systems to monitor and control the environment in which the products are kept. The significance of the cold chain has grown with the globalization of trade and the increased demand for perishable goods across vast distances.
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Indian Cold Chain Market Trends:
The Indian market is primarily driven by the country’s vast agricultural output and increasing food processing activities. This requirement is becoming more critical as the country faces significant post-harvest losses annually. Furthermore, the Indian government’s initiative to reduce food waste and improve food security underpins various regulatory and financial support mechanisms, fostering the development of cold storage facilities and refrigerated transport. Additionally, the pharmaceutical industry in India, recognized as a global leader in generic drug manufacturing, requires effective cold-chain management to maintain the integrity of temperature-sensitive products. This need has become even more pronounced with the rise in biopharmaceuticals, which often necessitate stringent temperature controls. The COVID-19 pandemic underscored the critical role of cold chains, particularly in the distribution of vaccines, catalyzing further investment and technological upgrades in the sector. Technological advancements are also pivotal, enhancing the efficiency and reach of cold chain logistics. Innovations in packaging, refrigeration equipment, and IoT-enabled monitoring systems are increasing the reliability and tracking capabilities of cold chains, reducing operational risks and losses.
Indian Cold Chain Market Segmentation:
Breakup by Segment:
- Cold Chain Storage
- Cold Chain Transportation
Breakup by Product:
- Fruits and Vegetables
- Meat and Fish
- Dairy Products
- Healthcare Products
Breakup by Sector:
- Private
- Cooperative
- Public
Breakup by Organised and Unorganised:
- Organised
- Unorganised
Breakup by States:
- Uttar Pradesh
- West Bengal
- Punjab
- Gujarat
- Bihar
- Andhra Pradesh
- Madhya Pradesh
- Maharashtra
- Karnataka
- Haryana
- Chhattisgarh
- Rajasthan
- Orissa
- Tamil Nadu
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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