India Cold Chain Logistics Market, By Technology, By Temperature Technology, By Solution, By Industry: By Region - Market Size, Industry Dynamics, Opportunity Analysis and Forecast for 2024-2032.

India Cold Chain Logistics Market, By Technology (Vapor Compression, Blast Freezing, Evaporative Cooling, Programmable Logic Controller, Cryogenic Systems and Other Technologies), By Temperature Technology (Chilled and Frozen), By Solution (Cold Chain Warehouse/storage, Cold Chain Transport and Automated Temperature Type Handling), By Industry (Food and Beverages, Chemical, Pharmaceuticals, Medical and Others): By Region - Market Size, Industry Dynamics, Opportunity Analysis and Forecast for 2024-2032.

India Cold Chain Logistics Market Forecast till 2032: Set to Reach US$ 52.96 Billion by 2032 with a CAGR of 15.56%

Market Introduction:

The India Cold Chain Logistics Market is experiencing robust expansion, valued at US$ 14.49 Billion in 2023 and projected to grow at a CAGR of 15.56% from 2024 to 2032

The India Cold Chain Logistics market is experiencing significant growth, driven by the increasing demand for perishable goods and the expansion of the pharmaceutical and food industries. As of 2023, the market is characterized by a surge in the need for efficient and reliable cold storage and transportation solutions to ensure the safety and quality of temperature-sensitive products. The rising consumer preference for fresh and frozen food items, coupled with the government's emphasis on reducing food wastage, has spurred investments in cold chain infrastructure.

Moreover, the pharmaceutical sector's growth, particularly in vaccines and biologics, necessitates advanced cold chain logistics to maintain the efficacy of temperature-sensitive medications. Technological advancements, such as IoT-enabled temperature monitoring systems and automated warehouses, are enhancing the efficiency and reliability of cold chain operations. Additionally, increasing urbanization and the proliferation of e-commerce have amplified the demand for cold chain logistics, ensuring timely delivery of perishable goods to end consumers.

Government initiatives, such as subsidies and grants for cold storage facilities and transportation, are also playing a crucial role in bolstering the market. The integration of sustainable practices, including energy-efficient refrigeration systems and eco-friendly packaging, is becoming increasingly important as companies strive to reduce their environmental impact. Overall, the India Cold Chain Logistics market is poised for robust growth, driven by evolving consumer needs, technological innovations, and supportive regulatory frameworks.

Growth Influencers:

India’s cold chain logistics market is experiencing significant growth, driven by the surge in both the export and import of perishable goods. As a leading global exporter of agricultural products, India has seen impressive increases in fruit, vegetable, dairy, and meat exports. For instance, the Agricultural and Processed Food Products Export Development Authority (APEDA) reported fruit and vegetable exports at approximately USD 1.52 million for the fiscal year 2022-2023, while dairy exports grew by 25%, reaching around USD 400 million. The seafood sector also flourished, with the Marine Products Export Development Authority (MPEDA) noting exports of 1.36 million metric tons valued at USD 7.76 million. Additionally, the pharmaceutical sector, crucial for temperature-sensitive items like vaccines, saw exports hitting USD 25.39 million during the same period. On the import side, India’s growing demand for exotic food products has led to imports of fresh fruits valued at about USD 1.2 million and a 15% rise in dairy product imports. To support this expanding trade, the Indian government has invested heavily in cold chain infrastructure through initiatives like the Pradhan Mantri Kisan Sampada Yojana (PMKSY), which aims to develop integrated cold chain facilities. Despite over 8,200 cold storage facilities with a capacity of 37 million metric tons, demand for additional capacity continues to grow. This growth is further fueled by the evolving food processing and retail sectors, which emphasize the need for advanced cold chain infrastructure to meet the demands for fresh, high-quality food products. Stringent regulations by the Food Safety and Standards Authority of India (FSSAI) are pushing stakeholders to invest in innovative technologies to enhance efficiency and sustainability in the cold chain logistics industry.

Segment Overview:

The India Cold Chain Logistics market is categorized based on Technology, Temperature Technology, Solution and Industry.

By Technology

• Vapor Compression
• Blast Freezing
• Evaporative Cooling
• Programmable Logic Controller
• Cryogenic Systems
• Other Technologies

By Temperature Technology

• Chilled
• Frozen

By Solution

• Cold Chain Warehouse/storage
• Cold Chain Transport
• Automated Temperature Type Handling

By Industry

• Food and Beverages
• Fruit and Vegetable
• Meat and Seafood
• Dairy and Frozen Dessert
• Bakery and Confectionery
• Ready-to-eat Meal
• Chemical
• Pharmaceuticals
• Medical
• Others

In 2023, the Vapor Compression segment led India’s cold chain logistics market with a significant 35.42% share and the highest Compound Annual Growth Rate (CAGR) of 16.25%. This technology is vital for maintaining precise temperatures for perishable goods, making it essential across pharmaceuticals, food and beverages, and biotechnology sectors. Its efficiency in temperature control makes it the preferred choice for firms like Snowman Logistics and Future Supply Chain Solutions, which rely on vapor compression systems to maintain consistent cooling for vaccines, dairy, fruits, vegetables, and seafood. Government support, including initiatives by the National Centre for Cold-chain Development (NCCD), promotes the adoption and expansion of this technology, enhancing the reliability of temperature-sensitive storage and distribution.

The Frozen segment commands a 63.44% market share in 2023 and demonstrates the highest growth rate of 16.36%. This increase is fueled by urbanization and evolving consumer lifestyles, leading to a rise in frozen product offerings from brands like ITC and retailers such as BigBasket. Investments in advanced refrigeration systems and temperature-controlled warehouses by companies like Snowman Logistics are driving this demand. Additionally, the export of frozen foods, such as shrimp by Devi Seafoods, highlights the need for robust cold chain logistics. Technological advancements, including IoT and real-time tracking systems, are further improving efficiency and reliability in this segment.

The Cold Chain Warehouse/Storage segment holds a 43.89% market share, focusing on efficient storage solutions for temperature-sensitive products. Companies like Future Supply Chain Solutions Ltd. and ColdEX Logistics operate extensive cold storage networks, underscoring the segment’s importance. In contrast, the Automated Temperature Type Handling segment is experiencing the highest CAGR of 16.08%, thanks to advanced technologies that automate temperature monitoring and control. Firms such as Zebra Technologies and Sensitech are leading the way with innovative solutions, including real-time temperature sensors and automated systems, enhancing overall efficiency in managing temperature-sensitive goods.

The Food and Beverages (F&B) sector leads the market with a 45.41% share, driven by the necessity to preserve perishable goods like fruits, vegetables, dairy, and frozen foods. Companies such as BigBasket and Amul depend on cold chain logistics to ensure product quality and safety. Conversely, the pharmaceuticals sector is experiencing the fastest growth, with a 16.44% CAGR, due to the critical need for precise temperature control for vaccines and biologics. Major pharmaceutical companies like the Serum Institute of India and Bharat Biotech are investing heavily in advanced cold chain solutions to maintain the efficacy of temperature-sensitive products.

Regional Overview:

Based on Region, the market is divided into North India, South India, West India and East India.

• North India
• Uttar Pradesh
• Delhi
• Haryana
• Punjab
• Rajasthan
• Himachal Pradesh
• Uttarakhand
• J&K
• South India
• Tamil Nadu
• Karnataka
• Kerala
• Andhra Pradesh
• Telangana
• West India
• Gujarat
• Goa
• Madhya Pradesh
• Maharashtra
• Chhattisgarh
• East India
• West Bengal
• Bihar
• Assam
• Jharkhand
• Odisha
• Rest of East India

In the Indian cold chain logistics market, North India leads with a 41.23% share in 2023, driven by high population density and significant demand for perishable goods. Major cities like Delhi, with its large urban population, and agricultural hubs such as Uttar Pradesh are central to this dominance. The region's extensive need for cold storage and efficient distribution systems underscores its critical role in the cold chain sector. In contrast, South India is experiencing the highest growth rate, with a CAGR of 16.34%. This rapid expansion is fueled by substantial investments in infrastructure, rising consumer demand, and advancements in logistics technology. Cities like Bangalore and Hyderabad are leading this growth, with Bangalore’s booming tech industry and increasing urbanization driving cold chain needs, and Hyderabad’s growing pharmaceutical sector further stimulating market development. The contrasting dynamics between North and South India highlight the market's evolution, with North India reflecting established infrastructure and high consumption, while South India demonstrates emerging potential and transformative advancements.

Competitive Landscape:

The India Cold Chain Logistics market is characterized by a vigorous competitive landscape, with prominent entities like Gati Kausar India Pvt Ltd, Snowman Logistics, DHL, TCIEXPRESS LIMITED, Maersk and Others at the forefront, collectively accounting for more than 30% of the overall market share. This competitive milieu is fueled by their intensive efforts in research and development as well as strategic partnerships and collaborations, underscoring their commitment to solidifying market presence and diversifying their offerings. The primary competitive factors include pricing, product caliber, and technological innovation. As the India Cold Chain Logistics industry continues to expand, the competitive fervor among these key players is anticipated to intensify. The impetus for ongoing innovation and alignment with evolving customer preferences and stringent regulations is high. The industry's fluidity anticipates an uptick in novel innovations and strategic growth tactics from these leading corporations, which in turn propels the sector's comprehensive growth and transformation.

Report Insights:

• The India Cold Chain Logistics market is expected to reach USD 52.96 billion by 2032, growing at a CAGR of 15.56%.
• In 2023, Vapor Compression technology led the market with a 35.42% share and a CAGR of 16.25%.
• North India leads the market with a 41.23% share, driven by high population density and significant demand for perishable goods.
• Major players like Gati Kausar, Snowman Logistics, and DHL collectively hold over 30% of the market share.

Questions to be Answered:

• What is the estimated growth rate of the India Cold Chain Logistics market?
• What are the key drivers and potential restraints?
• Which market segments are expected to witness significant growth?
• Who are the leading players in the market?