Follow on Google News News By Tag Industry News News By Place Country(s) Industry News
Follow on Google News | Major Companies in Cold Chain Industry, Investment Cold Storage Facility India - Ken ResearchBy: Ken Research.com India Cold Chain Market Overview The cold chain industry in India remains underserved and presents huge potential in terms of expansion. As of 2014, there exists a requirement of 3.3 million MT of cold storage and 52.7 thousand reefer trucks. The market revenue increased from INR ~ billion in 2012 to INR ~ billion in 2017 at a CAGR of ~%. The total cold storage capacity is estimated at ~ million MT with ~cold storages and ~ reefer trucks operating in the space as of 2017. The market can be largely segmented into cold storage and cold transportation. The cold storage segment held the major share of the market and was about ~% of the total cold chain market in terms of total market revenue in 2017. The cold transportation industry contributed around ~% of the total revenue in 2017. Agricultural products such as fruits, vegetables, fruit pulp, concentrates and others have accounted for the highest share of ~% of the revenue share in India Cold Chain Market in 2017. This is followed by meat and poultry with ~%, dairy products market with ~%, ice cream market with ~%, and seafood industry with ~%. Confectionery and ready to cook products have together accounted for ~% of the cold chain revenue and pharmaceutical and industrial products have captured a smaller share of ~% in 2017. India Cold Storage Market Overview: India cold storage market increased from INR ~ billion in 2012 to INR ~ billion in 2017 at a CAGR of ~%. The country is dominated by a large number of small and medium sized cold storage units located near farms, seaports, airports, pharmaceutical hubs and food processing clusters Segmentation: Small warehouses with a capacity of less than 1,000 pallets have accounted for ~% of the cold storages in India in FY'2017. The medium sized cold storages with a pallet size of 1,000 to 5,000 have captured ~% of the market and the large scold storages have gathered ~%. Further, the market is dominated by domestic cold storage companies with ~% of the total cold storages in India in FY'2017 and the international companies have captured the rest ~% of the cold storages. Future Potential: With the shift in focus from increasing the production to better storage and transportation facility of the commodity, the cold storage market in India is projected to reach INR ~ billion by 2022 at a CAGR of ~% during 2017 to 2022. India 3pl Cold Chain Market India 3PL cold chain market increased from INR ~ billion in 2012 to INR ~ billion in 2017 at a CAGR of ~%. India 3PL cold chain market is in the nascent stage majorly driven by entry and expansion of local and international QSR chains, supermarket chains such as Reliance Fresh, Safal, EasyDay and others. Further, the growth of online grocery stores such as BigBasket, Grofers and others has further facilitated the 3PL cold chain market. With the constant shift in client business, more customized and value-added services are required along with standardized services offerings. In order to widen their network coverage, large cold chain companies have tied up with local 3PL service providers in order to better serve the local markets Future Potential of India Cold Chain Market The market is expected to reach INR ~ billion by 2022 at a CAGR of ~% during 2017 to 2022. The market will be driven by technological advancements and rising share of organized players in the market. The growth of online grocery retail and food processing industry will further create demand for cold storage and transportation facilities as major players and QSR chains undertake expansion across various cities in the country. The government will launch new scheme called SAMPADA for development of small and medium scale processing clusters close to the growing areas of the specific farm produce. Cold chain companies further plan to upgrade their facilities to offer multipurpose cold storage services. For more information on the research report, refer to below link: https://www.kenresearch.com/ Contact: Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com +91-124-4230204 End
|
|