Showing posts with label Cold Chain Logistics India. Show all posts
Showing posts with label Cold Chain Logistics India. Show all posts

Tuesday, June 5, 2018

India Cold Chain Market is Expected to Reach INR 470 Billion by 2022: Ken Research

Cold chain market segment (by cold storage and cold transport, by type of products), cold storage market segment (by organized and unorganized, by size of firms, by products, by domestic and international cold storage, by region and by owned and rented cold storage), cold transport market segment (by organized and unorganized, by domestic and international cold chain transport, by mode of transport and by domestic and international cold chain companies), competitive landscape of major players including Snowman Logistics, Cold Star Logistics, Schedulers, Gubba Cold Storage, Kailash Agro Cold Storage, M J Logistics Services, Deccan Cold Storage Pvt Ltd, Dev Bhumi Cold Chain, Gati Kausar Cold Chain Solutions and ColdEx Pvt. Ltd.
India cold chain market is unorganized and dominated by traditional cold storage facilities which are majorly dedicated to the storage of potatoes. The cold storage capacity has grown 1.2 times during 2012 to 2017.
The distribution of cold storages is highly uneven with majority of the cold storages located in Uttar Pradesh, Gujarat, Punjab and Maharashtra.
Majority of the cold storages are owned and operated by domestic companies. Snowman Logistics is one of the leading players in the industry.
Ken Research in its latest study, “India Cold Chain Market Outlook to 2022 - by Cold Storage & Cold Transport, 3PL, End User Industry (Agro food, Fruits & Vegetables, Fruit pulp & Concentrates, Dairy Products, Ice Cream, Meat, Sea Food, Confectionery, Poultry, Ready to Cook, Pharmaceutical, Industrial Products)”, suggests that demand for multi-purpose cold storage, third party temperature controlled distribution, regional growth and expansion, surge in ambient warehousing revenue will drive the future of cold chain in India.
India Cold Chain industry poses a compelling future albeit with challenges. The market will be facilitated by favorable government initiatives and enhancement in technology to improve the quality of storage and transportation facility. The market will witness a transition from traditional cold storages to fully integrated cold chain projects which would bring about efficiency and increased productivity of cold chain companies. Furthermore, with the rising exports of seafood, dairy products and other perishable items, major players will upgrade their facilities in order to store broad variety of products under a wider temperature range.
Favorable government initiative such as subsidy schemes for setting up a cold storage facility and purchasing standalone reefer vehicles and SAMAPADA Scheme will support the development of cold chain infrastructure. Moreover, major dairy companies, retail chains and online grocers such as Amul, Haldiram Group and BigBasket have received federal approval to set up 101 cold chains which will bring in an investment of INR 3,100 crore in the sector. Such developments and growing investment from public and private sector is projected to propel the market revenue.
The cold transport market will be majorly driven by rise in trading activities involving perishable and time sensitive products. The increasing demand for convenience foods, advancements in freezing technology and cold chain logistics will further support frozen food sales. The growth of online grocery stores such as BigBasket, Grofers and rise in e-retail market will create demand for Just in Time cold chain services. With the constant shift in client business, more customized and value-added services are required along with standardized services offerings. 
Key Topics Covered in the Report:
India Cold Chain
India Cold Chain Market
Cold Chain Projects India
Cold Chain Logistics Infrastructure India
Multi-Purpose Cold Storage Industry India
India Dairy Products Market
Cold Chain Logistics India
Cold Storage Capacity India
Potato Storage India
Value Chain Cold Chain India
Number of Cold Storages India
Subsidy Scheme for India Cold Chain
Investment Cold Storage Facility India
Temperature Controlled Logistics Market India
Number of Reefer Trucks India
For more information on the research report, refer to below link:
Related Reports by Ken Research
Contact:         
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204

Tuesday, May 29, 2018

RK Foodland, Snowman logistics, Dev Bhumi, MJ logistics and Gati Kausar are some of the major players operating in India Cold Chain Market: Ken Research

The cold chain industry in India remains under served 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. Although, the market has witnessed incline in revenue during 2012-2017 but still the cold chain faces challenges such as high share of single commodity cold storage (dominated by potato), high initial investment, and lack of enabling infrastructure leading to poor quality produce. The market growth was driven by growth in production of horticulture produce, dairy and meat products. Adding to this increasing urbanization and growth of organized retail, food servicing and food processing sectors created demand for cold storage facilities
Agricultural products such as fruits, vegetables, fruit pulp, concentrates and others have accounted for the highest share of the revenue share in India Cold Chain Market in 2017. 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
India cold chain market is in the growing stage with major players undertaking expansion strategy to tap the huge potential present in sector. The companies compete on various parameters including the warehouse capacity, number of pallets, fleet, temperature range, network coverage and locations. In future, the market is expected to consolidate. The major players in India cold chain market include Snowman Logistics, Cold Star Logistics, Schedulers, Gubba Cold Storage, Kailash Agro Cold Storage, M J Logistics Services Ltd, Deccan Cold Storage Pvt Ltd, Dev Bhumi Cold Chain, Gati Kausar Cold Chain Solutions and ColdEx Pvt. Ltd
The cold chain industry in India is still at a growth stage. Although, the market has witnessed incline in revenue during 2012-2017 but still the cold chain potential remain untapped due to certain reasons such as high share of single commodity cold storage (dominated by potato), high initial investment (for refrigerator units and land), lack of enabling infrastructure such as power & roads, lack of awareness for handling perishable produce and lapse of service either by the storage provider or the transporter leading to poor quality produce.
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 demand from pharmaceutical industry is expected to grow at the fastest rate. This will be driven by prevalence of diseases which is expected to rise in the country owing to increase in the aging population. The proportion of population above 65 years of age is expected to increase from 6.1% in 2017 to approximately 7.0% in 2019. Further, favorable government initiative such as SAMPADA scheme will facilitate the growth of small and medium size cold chain companies. Implementation of GST is expected to drive the cold chain market revenue as the market will witness better integration of services and increased efficiency.
India 3PL cold chain market is in the growth 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 have further facilitated the 3PL cold chain market due volume growth indicating growing acceptance and penetration of online grocery among consumers. 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
Key Topics Covered in the Report:
India Cold Chain
Cold Chain Logistics India
Potato Storage India
Cold Chain Projects India
Number of Cold Storages India
Value Chain Cold Chain India
Subsidy Scheme for India Cold Chain
Investment Cold Storage Facility India
Uttar Pradesh Cold Chain Market
Size of Cold Storages India
India Dairy Products Market
Number of Reefer Trucks India
Cold Chain Logistics Infrastructure India
For more information on the research report, refer to below link:
Related Reports by Ken Research
Contact:         
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204

Monday, February 26, 2018

What is the Potential of India Cold Chain Market?

The cold chain industry 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. The cold chain potential remain untapped due to certain reasons such as high share of single commodity cold storage, high initial investment, lack of enabling infrastructure leading to poor quality produce. The market growth was driven by growth in production of horticulture produce, dairy and meat products. Adding to this increasing urbanization and growth of organized retail, food servicing and food processing sectors created demand for cold storage facilities.

India cold chain market has been propelled by government initiatives such as 100% FDI, monetary and tax benefits, establishment of National Center for Cold Chain Development and others. Additionally, rising export demand for frozen food has also boosted the revenues of the cold chain market of India over the period 2010-2015. India’s cold chain industry is still evolving and is highly fragmented with more than ~ companies in the value system. Organized players contribute only ~% of the cold storage industry market. Approximately ~% of these cold storages in India has capacity below 1,000 MT and majority of the cold storages in the country are located in Uttar Pradesh, Gujarat, Punjab and Maharashtra.
How has India Cold Storage Market grown?
India Cold storage market increased from INR ~ crore in 2012 to INR ~ crore in 2016 at a CAGR of ~%. The market was supported by increase in storage capacity and the number of cold storage warehouses in the country. During this period, the total capacity of cold chain industry increased from ~ million MT in 2012 to ~ million MT in 2016. In addition to this, the number of cold storages increased from ~ in 2012 to ~ in 2016. The cold storage market growth was facilitated by the growth in agricultural and allied sectors such as fishery, poultry and others from USD ~ billion in FY’15 to USD ~ billion in FY’17. The agricultural export was estimated at USD 33.9 billion in FY’17.
Favorable government policies have assisted major companies to expand their geographic reach and allowed international players to enter the market. 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. Almost ~% of the cold storages are dedicated for the storage of potatoes. This is supported by increasing disposable income levels and changing consumer lifestyle.
How Have the Various Segments Performed in India Cold Storage Market?
The market has been further segmented on the basis of organized and unorganized market, size of firms, products, domestic and international companies, owned and rented and region
India cold storage market is dominated by a large number of small unorganized firms which have accounted for ~% of the overall revenue of cold storage market in 2017 whereas the organized players have gathered ~% of the market in 2017. 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.
On the basis of products, fruits and vegetables have accounted for the major share of ~% of the total cold storage capacity in FY’2017. This is followed by milk and milk products with ~% of the storage capacity and meat and fish with ~%
How has India Cold transport Market grown?
India cold transport is in the growth stage with ~ reefer trucks as of 2017 dominated by small and non integrated firms. The industry faces challenges such as high petrol cost and operational cost, lack of skilled drivers and outdated technology. Key growth drivers include meat products export, rising demand for confectionary, frozen food and packaged food. Growth in dairy industry and a gradual shift in transportation mode from insulated to reefer containers for fruits and vegetables, milk, curd and processed dairy products has been steadily driving the transport reefer industry. Digital revolution has enabled fleet owners to monitor the truck movement and noting the performance parameters through a mobile app. This has helped them track and reduce theft, secure and control the number of door openings, and optimize time for loading/unloading. In India, due to renewed focus on developing the rural areas, especially due to the PMGSY (Pradhan Mantri Gram Sadak Yojna), the rural road infrastructure network has improved which has enabled cold transport players to traverse large distances.
How Have the Various Segments Performed in India Cold transport Market?
India cold transport market has been segmented on the basis of organized and unorganized market, domestic and international companies, mode of transport and domestic and international transport.
The unorganized sector has accounted for ~% of the revenue share in India cold transport market in 2017. The share of organized sector has increased from ~% in 2012 to ~% in 2017.
Domestic cold transport companies have accounted for ~% of the revenue share in India cold transport market in 2017 whereas international companies have occupied only ~% of the revenue share
Road and rail freight has accounted for ~% of the revenue in India cold transport market in 2017. This is driven by growth of online grocery, food processing industry and improving road infrastructure. Air freight transport has gathered ~% of the market revenue in 2017. Highly temperature sensitive goods such as pharmaceutical products majorly use air transport. Sea transport has captured a minor share of ~% in the total revenue of India cold transport market in 2017.
Who are the Major Players in India Cold Chain Market?
India cold chain market is in the growing stage with major players undertaking expansion strategy to tap the huge potential present in sector. The market is highly fragmented with the organized sector contributing ~% of the revenue in the cold storage market. The companies compete on various parameters including the warehouse capacity, number of pallets, fleet, temperature range, network coverage and locations. In future, the market is expected to consolidate. The major players in India cold chain market include Snowman Logistics, Cold Star Logistics, Schedulers, Gubba Coild Storage, Kailash Agro Cold Storage, M J Logistics Services Ltd, Deccan Cold Storage Pvt Ltd, Dev Bhumi Cold Chain, Gati Kausar Cold Chain Solutions and ColdEx Pvt. Ltd
What is the Future Outlook for India Cold Chain Market?
India cold chain market is projected to reach INR ~ billion at a CAGR of ~%. The cold storage capacity will expand to ~ million MT. 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 demand from pharmaceutical industry is expected to grow at the fastest rate. This will be driven by prevalence of diseases which is expected to rise in the country owing to increase in the aging population. The proportion of population above 65 years of age is expected to increase from 6.1% in 2017 to approximately 7.0% in 2019. Further, favorable government initiative such as SAMPADA scheme will facilitate the growth of small and medium size cold chain companies. Agro food, fruits, vegetables and processed food industry will account for ~% of the revenue in India cold chain market in 2022. The food processing industry is expected to grow three fold by 2020 to reach USD ~ billion by 2020.
Companies Cited in the Report
List of Companies                          Companies Covered in the Report
Snowman Logistics
Cold Star Logistics
Schedulers
Gubba Cold Storage
Kailash Agro Cold Storage
M J Logistics Services
Deccan Cold Storage Pvt Ltd
Dev Bhumi Cold Chain
Gati Kausar Cold Chain Solutions     Major Players in India Cold Chain Market
R K Foodland
FHEL, CONCOR
Kelvin Cold Chain Logistics
Crystal Logistics Cool Chain Ltd
Credent Cold Chain
Cold Rush
Swift Cold Chain Group
Agility India
Frost Global
Kool-ex
Future Supply Chain
ColdEx Pvt. Ltd
Key Factors Considered in the Report
India Cold Chain, Cold Storage and Cold Transport Market Size, 2012-2017
India Cold Chain Market Segmentation (by Cold Storage & Cold Transport and by type of Products)
India Cold Storage Market Segmentation (By Organized and Unorganized, By Size Of Firms, By Products, By Domestic and International Cold Storage, By Region and By Owned and Rented Cold Storage)
India Cold Transport Market Segmentation (By Organized and Unorganized, By Domestic and International Cold Chain Transport, By Mode Of Transport and By Domestic and International Cold Chain Companies)
India Cold Chain Market Competitive Landscape
Potato Storage India
Cold Chain Logistics India
Subsidy Scheme for India Cold Chain
Cold Storage Capacity India
Number of Cold Storages India
Cold Chain Projects India
India Cold Chain, Cold Storage and Cold Transport Market Future Outlook and Projections, 2018-2022
Investment Cold Storage Facility India
For more information on the research report, refer to below link:
Related Reports by Ken Research
Contact:         
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204