Report Overview

Increasing demand for perishable goods, expansion of organized retail and e-commerce sectors, government initiatives promoting food safety and quality, advancements in refrigeration technologies, and rising consumer awareness regarding the importance of temperature-controlled storage and transportation propelling the growth of the India Cold Chain Logistics Market during the forecast period between 2023 and 2029.

India Cold Chain Logistics Market – Trends & Forecast Report, 2029

India cold chain logistics market size was estimated at USD 7.17 billion in 2022. During the forecast period between 2023 and 2029, the size of India cold chain logistics market is projected to grow at a CAGR of 16.30% reaching a value of USD 20.58 billion by 2029. India cold chain logistics market witnessed significant trends in recent years. With the growing demand for temperature-controlled storage and transportation of perishable goods, the market has experienced steady growth. One notable trend is the adoption of advanced technologies like the Internet of Things (IoT), cloud computing, and data analytics to enhance efficiency and ensure the integrity of cold chain operations. Also, the expansion of organized retail, pharmaceuticals, and food processing industries has further fueled the demand for cold chain logistics services. The government's focus on improving infrastructure and regulatory reforms, coupled with increasing investments in cold storage facilities and refrigerated transportation, are expected to drive the market's growth during the forecast period.

India Cold Chain Logistics Market - Overview

Cold chain logistics refers to the management and transportation of temperature-sensitive products, such as perishable goods and pharmaceuticals, in a controlled and uninterrupted temperature environment to maintain their quality and integrity. It involves a series of specialized processes, including refrigeration, packaging, storage, and distribution, to ensure that products remain within specified temperature ranges throughout the supply chain. Cold chain logistics plays a crucial role in industries where temperature control is essential for product safety and efficacy. By preserving the cold chain, companies can mitigate the risk of spoilage, maintain product freshness, and extend shelf life, thereby safeguarding consumer health and meeting regulatory requirements.

Growth Drivers

Technological Advancements

In recent years, technological advancements have emerged as a key growth driver for India's cold chain logistics market. The integration of innovative technologies such as the Internet of Things (IoT), cloud computing, and blockchain has significantly improved the efficiency and reliability of cold chain operations. These advancements enable real-time monitoring, tracking, and temperature control of perishable goods throughout the supply chain, ensuring their quality and reducing spoilage. Also, advanced data analytics and predictive modeling aid in optimizing routes, reducing transportation costs, and enhancing overall operational efficiency. With the increasing demand for temperature-controlled storage and transportation of goods, the adoption of advanced technologies is poised to fuel the growth of India's cold chain logistics market during the forecast period.

Restraints

India's Cold Chain Logistics Market Faces Infrastructure Challenges

India's cold chain logistics market grapples with significant infrastructure challenges hindering its growth potential. Despite the increasing demand for efficient temperature-controlled transportation and storage of perishable goods such as food, pharmaceuticals, and vaccines, inadequate cold storage facilities and a fragmented transportation network limit the market's progress. The lack of standardized and integrated cold chain systems results in a significant loss of perishable products, affecting food security and vaccine distribution. Insufficient investments in refrigerated warehouses, refrigerated vehicles, and last-mile connectivity further impede the market's expansion. To unlock the full potential of India's cold chain logistics market, concerted efforts are needed to improve infrastructure, promote technological advancements, and enhance coordination among stakeholders to ensure the safe and efficient delivery of temperature-sensitive goods.

Impact of COVID-19 on the India Cold Chain Logistics Market

The COVID-19 pandemic significantly impacted the India cold chain logistics market. With the outbreak of the virus, there has been a surge in demand for temperature-controlled storage and transportation of essential goods, including pharmaceuticals, vaccines, and food products. The need to maintain the integrity and safety of these items has become crucial. Cold chain logistics providers have faced numerous challenges, such as disruptions in supply chains, increased operational costs, and stringent health and safety regulations. However, the pandemic has also presented opportunities for the industry to expand and innovate, leading to investments in advanced cold storage facilities, technology solutions, and last-mile delivery systems to meet the evolving demands of the market.

India Cold Chain Logistics Market

Segmental Coverage

India Cold Chain Logistics Market – By Business Type

On the basis of business type, India cold chain logistics market is divided into Warehousing and Transportation segments. The transportation segment further comprises various modes such as Railways, Airways, Roadways, and Waterways. These subdivisions play crucial roles in ensuring the efficient movement of temperature-sensitive goods across the country. Transportation comprising the railways segment dominates the market share. Railways provide a reliable and cost-effective option for long-distance transportation, while Airways offer swift delivery for perishable items. Roadways serve as a flexible mode, catering to both short and medium distances, enabling last-mile connectivity.

India Cold Chain Logistics Market – By End-use Industry

On the basis of the end-use industry, India cold chain logistics market is divided into Fruits & Vegetables, Bakery and Confectionary, Dairy & Frozen Desserts, Drugs & Pharmaceuticals, Meat, Fish & Sea Food segments. This market plays a crucial role in preserving the quality and freshness of perishable goods throughout the supply chain. With India's growing population and changing consumer preferences, the demand for cold chain logistics has witnessed significant growth. The fruits and vegetables segment benefits from efficient cold storage and transportation to maintain nutritional value. The bakery and confectionery sector relies on controlled temperature environments for product stability. The drugs and pharmaceutical industry requires stringent temperature controls to ensure the efficacy and safety of medications. Also, the meat, fish, and seafood industry heavily depends on cold chain logistics to maintain product freshness and prevent spoilage. Overall, the India cold chain logistics market serves as a vital infrastructure to support various industries and meet the rising demand for temperature-controlled transportation and storage solutions.

India Cold Chain Logistics Market – By Region

Geographically, India cold chain logistics market is divided into North India, South India, East India, and West India. These regions represent distinct geographical areas with unique characteristics and requirements in terms of cold chain logistics. Each region has its own set of opportunities and challenges for cold chain logistics providers due to varying climatic conditions, infrastructural development, and consumer demands.

Competitive Landscape

Major players in the India cold chain logistics market include Snowman Logistics Ltd, ColdStar Logistics, Gati Kausar, Kelvin Cold Chain Logistics Pvt Ltd, Mahindra Logistics, ColdEx Logistics, DHL Supply Chain India Pvt Ltd, Kool-ex Cold Chain Ltd, Agility Logistics Pvt Ltd, and Stellar Value Chain Solutions Pvt Ltd. The key strategies used by these market leaders are new product launches, mergers & acquisitions, and alliances. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Scope of the Report

 

Attributes	Details
Years Considered	Historical Data – 2019–2022
	Base Year – 2022
	Estimated Year – 2023
	Forecast Period – 2023–2029
Facts Covered	Revenue in USD Billion
Market Coverage	North India, South India, East India, West India.
Product/ Service Segmentation	Business Type, End-use Industry, Region.
Key Players	Snowman Logistics Ltd, ColdStar Logistics, Gati Kausar, Kelvin Cold Chain Logistics Pvt Ltd, Mahindra Logistics, ColdEx Logistics, DHL Supply Chain India Pvt Ltd, Kool-ex Cold Chain Ltd, Agility Logistics Pvt Ltd, and Stellar Value Chain Solutions Pvt Ltd.

 

 

By Business Type

• Warehousing

• Transportation

1. Railways
2. Airways
3. Roadways
4. Waterways

By End-use Industry

• Fruits & Vegetables

• Bakery and Confectionary

• Dairy & Frozen Desserts

• Drugs & Pharmaceuticals

• Meat, Fish & Sea Food

• Others

By Region

• North India

• South India

• East India

• West India

 

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. India Cold Chain Logistics Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Increase in Refrigerated Warehouses
         2. Growth in Processed Food Sector
      2. Restraints
         1. High operational Cost
      3. Opportunities
         1. Adoption of Automated Software for Cold Chain Logistics
      4. Challenges
         1. Lack of Standardization
   3. Technology Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. India Cold Chain Logistics Market Overview
   1. Market Size & Forecast, 2019-2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Business Type
         1. Warehousing
         2. Transportation
            1. Railways
            2. Airways
            3. Roadways
            4. Waterways
      2. By End-use Industry
         1. Fruits & Vegetables
         2. Bakery and Confectionary
         3. Dairy & Frozen Desserts
         4. Drugs & Pharmaceuticals
         5. Meat, Fish & Sea Food
         6. Others
      3. By Region
         1. North India
         2. South India
         3. East India
         4. West India
5. North India Cold Chain Logistics Market
   1. Market Size & Forecast, 2019-2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
      2. By End-use Industry
      3. By End-use Industry
6. South India Cold Chain Logistics Market
   1. Market Size & Forecast, 2019-2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
      2. By End-use Industry
7. East India Cold Chain Logistics Market
   1. Market Size & Forecast, 2019-2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
      2. By End-use Industry
8. West India Cold Chain Logistics Market
   1. Market Size & Forecast, 2019-2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
      2. By End-use Industry
9. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. India Cold Chain Logistics Market Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
10. Impact of Covid-19 on India Cold Chain Logistics Market
11. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Snowman Logistics Ltd
    2. ColdStar Logistics
    3. Gati Kausar
    4. Kelvin Cold Chain Logistics Pvt Ltd
    5. Mahindra Logistics
    6. ColdEx Logistics
    7. DHL Supply Chain India Pvt Ltd
    8. Kool-ex Cold Chain Ltd
    9. Agility Logistics Pvt Ltd
    10. Stellar Value Chain Solutions Pvt Ltd
    11. Other Prominent Players
12. Key Strategic Recommendations
13. Research Methodology
    1.       Qualitative Research
       1.   Primary & Secondary Research
    2.       Quantitative Research
    3.       Market Breakdown & Data Triangulation
       1.   Secondary Research
       2.   Primary Research
    4.       Breakdown of Primary Research Respondents, By Region
    5.       Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

 

List of Figures

 

Figure 1       India Cold Chain Logistics Market Segmentation

Figure 2       India Cold Chain Logistics Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       India Cold Chain Logistics Market Size, By Value (USD Million), 2019-2029

Figure 5       India Cold Chain Logistics Market Share, By Product, By Value, 2019-2029

Figure 6       India Cold Chain Logistics Market Share, By End-use Industry, By Value, 2019-2029

Figure 7       India Cold Chain Logistics Market Share, By Region, By Value, 2019-2029

Figure 8       North India Cold Chain Logistics Market Size, By Value (USD Million), 2019-2029

Figure 9       North India Cold Chain Logistics Market Share, By Product, By Value, 2019-2029

Figure 10     North India Cold Chain Logistics Market Share, By End-use Industry, By Value, 2019-2029

Figure 11     South India Cold Chain Logistics Market Size, By Value (USD Million), 2019-2029

Figure 12     South India Cold Chain Logistics Market Share, By Product, By Value, 2019-2029

Figure 13     South India Cold Chain Logistics Market Share, By End-use Industry, By Value, 2019-2029

Figure 14     East India Cold Chain Logistics Market Size, By Value (USD Million), 2019-2029

Figure 15     East India Cold Chain Logistics Market Share, By Product, By Value, 2019-2029

Figure 16     East India Cold Chain Logistics Market Share, By End-use Industry, By Value, 2019-2029

Figure 17     West India Cold Chain Logistics Market Size, By Value (USD Million), 2019-2029

Figure 18     West India Cold Chain Logistics Market Share, By Product, By Value, 2019-2029

Figure 19     West India Cold Chain Logistics Market Share, By End-use Industry, By Value, 2019-2029

 

List of Tables

 

Table 1        India Cold Chain Logistics Market Size, By Value (USD Million), 2019-2029

Table 2        India Cold Chain Logistics Market Size, By Product, By Value, 2019-2029

Table 3        India Cold Chain Logistics Market Size, By End-use Industry, By Value, 2019-2029

Table 4        India Cold Chain Logistics Market Size, By Region, By Value, 2019-2029

Table 5        North India Cold Chain Logistics Market Size, By Value (USD Million), 2019-2029

Table 6        North India Cold Chain Logistics Market Size, By Product, By Value, 2019-2029

Table 7        North India Cold Chain Logistics Market Size, By End-use Industry, By Value, 2019-2029

Table 8        South India Cold Chain Logistics Market Size, By Value (USD Million), 2019-2029

Table 9        South India Cold Chain Logistics Market Size, By Product, By Value, 2019-2029

Table 10      South India Cold Chain Logistics Market Size, By End-use Industry, By Value, 2019-2029

Table 11      East India Cold Chain Logistics Market Size, By Value (USD Million), 2019-2029

Table 12      East India Cold Chain Logistics Market Size, By Product, By Value, 2019-2029

Table 13      East India Cold Chain Logistics Market Size, By End-use Industry, By Value, 2019-2029

Table 14      West India Cold Chain Logistics Market Size, By Value (USD Million), 2019-2029

Table 15      West India Cold Chain Logistics Market Size, By Product, By Value, 2019-2029

Table 16      West India Cold Chain Logistics Market Size, By End-use Industry, By Value, 2019-2029

Table 17      Snowman Logistics Ltd Company Overview

Table 18      Snowman Logistics Ltd Financial Overview

Table 19      ColdStar Logistics Company Overview

Table 20      ColdStar Logistics Financial Overview

Table 21      Gati Kausar Company Overview

Table 22      Gati Kausar Financial Overview

Table 23      Kelvin Cold Chain Logistics Pvt Ltd Company Overview

Table 24      Kelvin Cold Chain Logistics Pvt Ltd Financial Overview

Table 25      Mahindra Logistics Company Overview

Table 26      Mahindra Logistics Financial Overview

Table 27      ColdEx Logistics Company Overview

Table 28      ColdEx Logistics Financial Overview

Table 29      DHL Supply Chain India Pvt Ltd Company Overview

Table 30      DHL Supply Chain India Pvt Ltd Financial Overview

Table 31      Kool-ex Cold Chain Ltd Company Overview

Table 32      Kool-ex Cold Chain Ltd Financial Overview

Table 33      Agility Logistics Pvt Ltd Company Overview

Table 34      Agility Logistics Pvt Ltd Financial Overview

Table 35      Stellar Value Chain Solutions Pvt Ltd Company Overview

Table 36      Stellar Value Chain Solutions Pvt Ltd Financial Overview