India Cold Storage Market

India cold storage market is project to grow at robust CAGR of 11.3% during the forecast period between 2024 and 2031.

India Cold Storage Market Overview

Cold storage refers to the storage of any temperature-controlled substance that prevents the substance from getting decayed or adhered to laws and regulations that apply to the specific product. The cold storage warehouse is a storage warehouse that is used to store fresh or frozen perishable fruits, vegetables, dairy products, seafood, and other food items, at the desired temperature to maintain the quality of the product.

Major India Cold Storage Market Drivers

The factor driving the growth of the India cold storage market include the continuous expansion of the organized retail sectors in India. With the growth of the organized food retail sector in India, the consumers are getting access to a wide range of fresh fruits and vegetables, meat and poultry products, and dairy products, which need cold chain storage and transportation. This factor has also motivated the leading players to set up strong cold chain infrastructure, which is surging the demand of the market in the coming years.

With the rising risk and investments in the grain crops, the farmers have significantly moved towards cultivation of fruits and vegetables. This factor will open new doors for the growth of the India cold storage market. The strong demand for cold storage warehouses, particularly among the healthcare sector, is further supporting the growth of the market. The increasing number of healthcare products, including biopharmaceuticals, vaccines, and clinical trail materials, that are heat sensitive and require a room temperature between 2 degree celsius – 8 degree Celsius, is another factor that will have a positive impact on the market’s demand. On the other hand, the lack of power at transportation centers and labors will hinder the market growth in India.

Based on the warehouse-type, public segment is projected to grow at a higher CAGR during the forecast period. These warehouses function as an independent business and provides various services such as handling storage and transportation for a fixed or variable fee. This is a major factor that is contributing to the growth of the market during the forecast period.

 Based on construction, the bulk storage segment is expected to witness a faster CAGR over the forecast period. This type of warehouse is being increasingly used for storing fruits and vegetables in bulk. It is also used to encompass the accessibility of the other bulk materials, such as flour and canned goods, and prevents them from spoilage. These factors are boosting the growth of the segment in the market over the coming years.

Based on the Application, the processed food segment is expected to witness the highest CAGR in the forecast period owing to constant improvements in food packaging materials of the processed food products, which is encouraging the consumers to opt for processed food items. Refrigerated warehouses remain vital for safeguarding food items, such as milk and dairy products, against spoilage.

Based on the Temperature, the market has been segmented into chilled and frozen. The frozen segment is predicted to experience a faster CAGR during the forecast period owing to the increasing consumption of frozen foods driven by the changing lifestyle of the consumers.

Segments covered in the Report:

The India Cold Storage market segmented into Warehouse type, Construction, Temperature, and Application. Based on the Warehouse type, the market is segmented Private & Semi-Private and Public. Based on Construction type, the market is segmented into Bulk storage, Production stores, and Ports.  Based on temperature type. The market is segmented into chilled and frozen. Based on Application, the market is segmented into fruits & vegetables, Dairy, Fish, Meat, & Seafood, Processed food, and pharmaceuticals.

Market Segmentation

India Cold Storage Market by Warehouse Type

• • Private & Semi-private
  • Public

India Cold Storage Market by Construction Type 

• • Bulk Storage
  • Production Stores
  • Ports

India Cold Storage Market by Temperature Type 

• • Chilled
  • Frozen

India Cold Storage Market by Application            

• • Fruits & Vegetables
  • Dairy
  • Fish, Meat & Seafood
  • Processed Food
  • Pharmaceuticals