India Cold Storage Market Research Report By Type Outlook (Refrigerated Warehouse, Refrigerated Transport), By Temperature Type Outlook (Frozen, Chilled) and By Application Outlook (Dairy and Frozen Desserts, Fish, Meat and Seafood Products, Bakery and Confectionery Products, Fruit Vegetables, Others)- Forecast to 2035

India Cold Storage Market Overview

As per MRFR analysis, the India Cold Storage Market Size was estimated at 5.74 (USD Billion) in 2023.The India Cold Storage Market is expected to grow from 6.54(USD Billion) in 2024 to 26.51 (USD Billion) by 2035. The India Cold Storage Market CAGR (growth rate) is expected to be around 13.568% during the forecast period (2025 - 2035).

Key India Cold Storage Market Trends Highlighted

Key market factors, including the growing demand for perishable goods and a rising population driving higher food consumption, are causing a significant change in the India Cold Storage Market. The government's programs to strengthen the food processing and agricultural sectors including the Pradhan Mantri Kisan Sampada Yojana are improving the cold storage infrastructure even more. For a nation like India, where a significant amount of food produced is lost owing to inadequate storage facilities, these advancements enhance effective food supply chains and help to reduce post-harvest losses in the agricultural sector.

This market has chances for investigation, including investment possibilities in contemporary cold storage facilities with sophisticated technologies and IoT-based monitoring systems. Furthermore, the demand for healthy and organic food choices offers existing companies an opportunity to develop and broaden their offers. Furthermore, enhancing sustainability and drawing clients who give environmental practices top priority is the integration of renewable energy sources to run cold storage solutions. To serve a wider variety of goods, including dairy and medications, recent developments in the Indian cold storage industry point toward multi-temperature storage systems.

Additionally, the growing number of online grocery stores is driving the need for well-distributed cold storage facilities to guarantee fresh produce availability. Moreover, knowledge of food safety and quality has resulted in more investments in temperature-controlled logistics, improving the dependability of cold storage services. Reflecting the nation's increasing needs for food preservation and distribution in a dynamic economic environment, the India cold storage market is changing generally.

 

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

India Cold Storage Market Drivers

Growth of the Food Processing Industry

The India Cold Storage Market is much driven by the food processing sector in India. According to the Ministry of Food Processing Industries, this industry is predicted to expand at a pace of 10–12% yearly, which raises the need for cold storage facilities to help preserve perishable products. For food processing by 2025, for example, the government has set an output threshold of USD 1 trillion, which calls for a significant need for cold storage and logistical capacity.

Businesses like ITC and Britannia are increasing their activities, which calls for a strong cold storage system for the preservation and delivery of food products. The growing middle class and rising consumer expenditure on processed and packaged goods help explain this expansion and the need for cold storage facilities.

Rising Demand for Frozen and Chilled Products

The India Cold Storage Market is expanding as customer demand for frozen and chilled items like meat, dairy, and processed meals in India rises clearly. With a predicted growth of 15% by 2025, reports from the Food Safety and Standards Authority of India show that consumption of frozen meals has surged noticeably. Important firms in the meat and dairy sectors, like Amul and DLF Foods, are substantially funding cold storage capacity to satisfy this rising customer demand.

The cold storage industry is growing in line with consumers' preference for convenience and ready-to-cook choices for which appropriate infrastructure is needed.

Investment in Infrastructure Development

As part of its more excellent aim of agricultural transformation and economic growth, the Indian government is acting to improve the cold storage infrastructure. Investments from both the public and private sectors are expected to expand significantly in the building and enhancement of cold storage facilities. The National Mission on Cold Chain and Value Addition claims that the government has already developed a strategy to spend USD 1 billion, increasing cold storage facilities by 2025.

This covers involvement from enormous agriculture supply chain companies. Companies like NABARD's efforts to support cold chain projects are expected to be very important in closing the distance between consumers and farmers, thereby significantly increasing the India Cold Storage Market.

India Cold Storage Market Segment Insights

Cold Storage Market Type Outlook Insights

The India Cold Storage Market is experiencing significant growth, primarily driven by increasing demand for perishable goods and the need for efficient supply chain management. Within this market, the Type Outlook segment is characterized by two prominent categories: Refrigerated Warehouse and Refrigerated Transport.

Refrigerated Warehouses serve as critical logistics hubs, allowing the storage of food, pharmaceuticals, and other temperature-sensitive items, thereby reducing spoilage and waste. This infrastructure is vital for ensuring the smooth functioning of supply chains, particularly in a country like India, where agriculture contributes to approximately 17-18% of the GDP, highlighting the importance of effective cold storage solutions in preserving agricultural produce.On the other hand, Refrigerated Transport plays an equally crucial role in maintaining the cold chain, facilitating the safe and reliable distribution of goods across vast distances, thereby bridging the gap between producers and consumers.

 This mode of transportation has seen advancements in technology, improving efficiency and reliability while addressing challenges like food safety and compliance with regulatory standards. Both segments have unique strengths; while Refrigerated Warehouses provide a centralized location for inventory management, Refrigerated Transport ensures timely delivery, thereby enhancing customer satisfaction and market reach.As demand for cold storage solutions in India continues to rise due to factors like urbanization, increase in disposable income, and changing consumer preferences, the significance of both Refrigerated Warehouses and Refrigerated Transport is expected to increase, making them pivotal components in the overall India Cold Storage Market revenue landscape.

 The industry also faces challenges such as high initial investments and operational complexities but presents ample growth opportunities with the advent of new technologies and investments in infrastructure.Overall, insights into the India Cold Storage Market segmentation reveal a dynamic landscape poised for growth driven by the need for efficiency and reliability in food and goods distribution.

 

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Cold Storage Market Temperature Type Outlook Insights

The Temperature Type Outlook segment of the India Cold Storage Market plays a pivotal role in addressing the diverse needs of various industries, particularly in the food and pharmaceuticals sectors. The market primarily focuses on two keys classifications Frozen and Chilled. Frozen storage is crucial for preserving perishable goods, maintaining quality, and extending shelf life, making it an essential component for manufacturers and retailers to reduce waste.

 Chilled storage, on the other hand, is vital for maintaining the freshness of fruits, vegetables, and dairy products, aligning with India's growing emphasis on food safety and nutrition.Demand for advanced cold storage solutions is driven by the increasing need for temperature-controlled logistics due to the expanding e-commerce sector. The India Cold Storage Market statistics indicate that technological advancements and investments in infrastructure will further enhance operational efficiency.

However, challenges such as high energy costs and the need for skilled workforce presence persist. There are significant opportunities for growth, particularly in the integration of IoT technology for monitoring and managing cold chains effectively.The continuous evolution in the Temperature Type Outlook segment reflects a robust response to the nation’s increasing food consumption and changing consumer preferences, positioning it as a key area of focus within the broader India Cold Storage Market.

Cold Storage Market Application Outlook Insights

The Application Outlook of the India Cold Storage Market comprises various crucial segments, each playing a significant role in the enhancement of food supply chains across the country. Dairy and Frozen Desserts are vital due to the increasing consumer demand for these products, necessitating efficient cold chain logistics to maintain quality and safety. 

Fish, Meat, and Seafood Products are essential as India ranks among the top producers and exporters, where effective cold storage solutions are crucial to preserving freshness during transit. Similarly, the Bakery and Confectionery Products segment has witnessed growth as the popularity of convenience foods rises, making cold storage integral for maintaining product integrity.Fruits and Vegetables segments are particularly significant in India due to the country's vast agricultural sector, where cold storage minimizes spoilage and enhances market reach. 

Additionally, the 'Others' category encapsulates various products that also rely on cold storage for effective distribution. The growing awareness of food safety and the increasing preference for perishable goods significantly influence the demand within these segments, with the entire Application Outlook anticipated to evolve in alignment with India's expanding population and changing consumption patterns.Continuous advancements in cold storage technology further bolster these trends, offering greater efficiency and sustainability across the India Cold Storage Market.

India Cold Storage Market Key Players and Competitive Insights

Rising demand for temperature-sensitive items like perishable foods, drugs, and other commodities requiring regulated settings for preservation has been driving significant developments in the fast-changing India Cold Storage Market. Many players want to improve their infrastructure and technology to help create a competitive environment by meeting the growing demands of many different industries like retail, food processing, and industry. Businesses in this field are primarily concerned with growing their networks, streamlining processes, and implementing creative ideas that increase distribution and storage capacity. Reflecting customer preferences and market realities, the cold storage industry is becoming more and more competitive as logistics and supply chain efficiency continue to take the front stage.

Using its vast infrastructure and strategic presence across several industries, Adani Group is among the major participants in the India cold storage industry. The company's strong qualities are its solid logistics system, which guarantees flawless communication between manufacturing sites and improved cold chain management efficiency. Adani Group is dedicated to meeting the increasing demand for cold storage solutions in India by making significant investments in modern cold storage facilities and technology integration. Its varied offering covers associated services like transportation and logistics in addition to cold storage, therefore creating a whole supply chain ecosystem supporting food distribution and agriculture. The group is always focused on increasing its footprint by means of geographical diversity, improving dependability, and implementing sustainable practices.

Offering a variety of services catered to fulfill the demands of temperature-sensitive products, Mahindra Logistics is a main rival in the India Cold Storage Market. The firm first became well-known with a committed cold storage system combining cutting-edge technology to guarantee product integrity and safety. Mahindra Logistics is committed to offering complete supply chain solutions that are able to control food, medicines, and other perishable items' needs. Leveraging its excellent logistical capacity, which combines real-time monitoring, inventory control, and effective distribution systems, the firm gains. Reflecting its dedication to innovation and quality in the cold chain sector within India, Mahindra Logistics has lately also participated in strategic alliances and acquisitions to improve its service offerings and increase its market competitiveness. These qualities help to explain why it is a consistent partner for many sectors needing cold storage solutions, therefore strengthening its presence in the competitive scene.

Key Companies in the India Cold Storage Market Include:

• Adani Group


• Mahindra Logistics


• Hiranandani Group


• Karma Group


• Coldex


• Snowman Logistics


• Xpressbees


• SAMSARA GROUP


• Ravi Transport


• Naarmada Cold Storage


• ConCOR


• Metro Logistics


• Future Supply Chain Solutions


• Jain Irrigation Systems


• Deep Freeze

India Cold Storage Market Industry Developments

The India Cold Storage Market has seen significant developments recently, particularly with the increasing demand for temperature-sensitive products. In August 2023, the Adani Group announced plans to expand its cold storage facilities in Maharashtra, aiming to enhance its logistics capabilities. Meanwhile, Mahindra Logistics has been actively investing in technology to optimize its supply chain efficiency in cold chain management.

 The Hiranandani Group has also made strides with the inauguration of new cold storage facilities in Bangalore, indicating a growing trend towards advanced infrastructure. In terms of mergers and acquisitions, Snowman Logistics acquired a controlling stake in a local cold storage firm in September 2023, strengthening its market position. The growth in these companies' valuations is indicative of the increasing necessity of cold storage in agriculture and pharmaceuticals, aligning with the Government of India's initiative to enhance food security and reduce wastage.

 Additionally, Future Supply Chain Solutions and Deep Freeze announced expansions to address the rising need for cold storage, which is expected to significantly impact market dynamics going forward. The overall investment in cold chain infrastructure is projected to grow due to the enhancing logistic needs fueled by e-commerce and a shift towards perishable goods in consumer preferences.

Cold Storage Market Segmentation Insights

• Cold Storage Market Type Outlook
  
  
  
  • Refrigerated Warehouse
  
  
  • Refrigerated Transport
  
  
  
  

• Cold Storage Market Temperature Type Outlook
  
  
  
  • Frozen
  
  
  • Chilled
  
  
  
  

• Cold Storage Market Application Outlook
  
  
  
  • Dairy and Frozen Desserts
  
  
  • Fish, Meat and Seafood Products
  
  
  • Bakery and Confectionery Products
  
  
  • Fruit Vegetables
  
  
  • Others
  
  
  
  

Report Attribute/Metric Source:	Details
MARKET SIZE 2018	5.74(USD Billion)
MARKET SIZE 2024	6.54(USD Billion)
MARKET SIZE 2035	26.51(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	13.568% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Billion
KEY COMPANIES PROFILED	Adani Group, Mahindra Logistics, Hiranandani Group, Karma Group, Coldex, Snowman Logistics, Xpressbees, SAMSARA GROUP, Ravi Transport, Naarmada Cold Storage, ConCOR, Metro Logistics, Future Supply Chain Solutions, Jain Irrigation Systems, Deep Freeze
SEGMENTS COVERED	Type Outlook, Temperature Type Outlook, Application Outlook
KEY MARKET OPPORTUNITIES	Rising demand for perishable goods, Expansion in e-commerce logistics, Government investments in cold chain, Increased focus on food safety, Integration of IoT technologies
KEY MARKET DYNAMICS	rising food demand, technological advancements, government initiatives, supply chain efficiency, increasing investments
COUNTRIES COVERED	India