Indian Cold Chain Market Outlook, Storage Status, Industry Analysis, Forecast & Opportunity by 2023
IMARC group highlighting the title “Indian Cold Chain Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” which provides an outlook for current market value as well as the expected growth of cold chain market in India during 2018-2023. This research study also covers information about the production, consumption and market share based on different active regions. Furthermore, an anticipated growth at a double-digit CAGR for the Indian cold chain market is highlighted in the report which indicates a prosperous future.
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The Indian cold chain market was worth INR 952 Billion in 2017. The market is further projected to reach INR 2,293 Billion by 2023, at a CAGR of 15.4% during 2018-2023. Cold chains impart storage and distribution services for products that have to be maintained at a given temperature. India is currently the world’s largest producer of milk, second largest producer of fruits and vegetables and has a substantial production of marine, meat and poultry products. Most of these products are temperature sensitive and require specific temperature ranges to be stored and transported. This has resulted in the establishment of a very large cold chain infrastructure in the country.
Indian Cold Chain Market Drivers:
- Growth in Organized Food Retail
- Growth in the Processed Food Sector
- Shift Towards Fruits & Vegetables
- Increasing Demand from the Healthcare Sector
- Fruits & Vegetables
- Meat & Fish
- Dairy Products
- Healthcare Product
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