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Cold Chain Market in India Size, Trends Analysis CAGR Value, Top Key Players with, Competitive Landscape, Growth Rate, Recent Development, Revenues and Forecast 2022- 2031

Kenneth Research released a report on Cold Chain Market in India that consists detailed analysis and industry insights for the forecast period, i.e.  2022-2031. On the basis of analysis of the market value and calculation of the CAGR during the forecast period, the latest trends and business opportunities in the market are discussed in the report.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Cold Chain Market in India Products.

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In the statistics by Eurostat, the total value of the ICT sector including manufacturing and services of ICT in Europe, was estimated to be more than EUR 475 billion in the year 2017. Out of these, the ICT services sector accounted for the largest share. Moreover, the ICT services sector is predicted to be ten times larger than that of ICT manufacturing. On the other hand, the ICT services consist of computer programming, consultancy and related activities, along with telecommunication activities, out of which the former held about 49.1% share while the latter held around 30.3% share in the year 2017. These factors are estimated to impact positively towards the growth of the market in the next few years.

Cold chains provide storage and distribution services for products that are temperature-sensitive. Depending on the nature and purpose of storage application, cold chains have been categorized as frozen (< -18℃), chilled (ranging between 0℃ and 10℃), mild chilled (ranging from 10℃ to 20℃), and normal (>20℃) storage.
Market insights:
The cold chain market in India was valued at INR 1.32 Trn in 2019 and is expected to reach INR 4.93 Trn by 2025, expanding at a compound annual growth rate (CAGR) of ~25.29% during the 2020-2025 period. Increased demand for cold storage facilities from the food, healthcare, and retail sectors, and evolving lifestyle of consumers, mainly in terms of food habits and wellness awareness, are the significant factors fueling the growth of the cold chain market in India. Moreover, several initiatives undertaken by the Indian government to develop and improve cold chain systems in India have also provided an impetus to the market. In 2019, the Indian government approved the development of 281 new cold chain facilities in the country. Further, in 2020, the Indian government approved 27 integrated cold chain development projects under the Pradhan Mantri Kisan SAMPADA Yojana. However, high operating costs of cold chains and lack of standardization in the market are some of the factors hindering market growth.

Segment insights:
Based on market component, India’s cold chain market is segmented into cold chain storage and cold chain logistics. As of 2019, the cold chain storage segment dominated the market, accounting for 56% of the total market share. By the end of 2025, the cold chain storage segment is expected to hold a share of around 56.70% of the overall market. Owing to the constant rise in demand for temperature-controlled storage and transportation from the retail and healthcare industries, the market shares of both the segments are expected to change marginally during the forecast period. Some of the leading players in the market, operating and managing both cold chain storage and logistics operations include Snowman, Kool-ex, Coldstar, Gati Kausar, and DHL Logistics.

Impact of COVID-19:
The contagion has been beneficial for the cold chain market in India. The fear of the disease, and the increasing demand for healthcare products and perishable food items are influencing the cold chain market in India. Fruits and vegetables, dairy products, and animal products are the other market segments likely to have a moderate impact on the cold chain market in India.
Companies covered:
• Snowman Logistics Limited
• Coldstar Logistics Private Limited
• Gati Kausar India Limited
• Gubba Cold Storage Private Limited
• Kool-ex Cold Chain Limited
• Seabird Logisolutions Limited
• DHL Logistics Private Limited
• Kuehne + Nagel Private Limited

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The Market report answers the following questions:

What is the aim of the report?

  • The market report presents the estimated market size of Cold Chain Market in India by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
  • Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
  • An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
  • The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
  • The various parameters accelerating the growth of Market are incorporated in the research report.
  • The report analyzes growth rate, market size and valuation of the Market during the forecast period.

What aspects regarding the regional analysis Market are included in this report?

  • Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
  • The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
  • The growth rate of the market in every region, including their countries over the forecast period is included in the market report.

Based on what factors are the key market players assessed in this report?

  • The report offers detailed analysis of leading companies in the market across the globe.
  • It provides details of the major vendors involved in the Market including Key Players
  • A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
  • The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
  • The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

What is the key information extracted from the report?

  • Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
  • The report offers the present scenario and future growth prospects Market in various geographical regions.
  • The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
  • The SWOT analysis is conducted along with Porter’s Five Force analysis.
  • The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

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About Kenneth Research:

Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.

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