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    India Cold Storage Market

    ID: MRFR/PNT/42368-HCR
    111 Pages
    Snehal Singh
    September 2025

    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

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    India Cold Storage Market Research Report - Forecast by 2035 Infographic
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    India Cold Storage Market Summary

    The India Cold Storage market is projected to grow from 6.54 USD Billion in 2024 to 26.5 USD Billion by 2035, indicating robust expansion.

    Key Market Trends & Highlights

    India Cold Storage Key Trends and Highlights

    • The market is expected to exhibit a compound annual growth rate of 13.57 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 26.5 USD Billion, reflecting a significant increase from the base year.
    • In 2024, the India Cold Storage market is valued at 6.54 USD Billion, highlighting its current economic footprint.
    • Growing adoption of cold chain logistics due to increasing demand for perishable goods is a major market driver.

    Market Size & Forecast

    2024 Market Size 6.54 (USD Billion)
    2035 Market Size 26.5 (USD Billion)
    CAGR (2025-2035) 13.57%

    Major Players

    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 Trends

    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.

    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.

     

    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, Market Research Future 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.

    Get more detailed insights about India Cold Storage Market Research Report - Forecast by 2035

    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 market include

    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.

    Market Segmentation

    Cold Storage Market Type Outlook

    • Refrigerated Warehouse
    • Refrigerated Transport

    Cold Storage Market Application Outlook

    • Dairy and Frozen Desserts
    • Fish, Meat and Seafood Products
    • Bakery and Confectionery Products
    • Fruit Vegetables
    • Others

    Cold Storage Market Type Outlook Insights

    Cold Storage Market Temperature Type Outlook

    • Frozen
    • Chilled

    Cold Storage Market Application Outlook Insights

    • 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

    Cold Storage Market Temperature Type Outlook Insights

    Report Scope

    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

    FAQs

    What is the projected market size of the India Cold Storage Market in 2024?

    The India Cold Storage Market is expected to be valued at 6.54 billion USD in 2024.

    What will be the market size of the India Cold Storage Market by 2035?

    By 2035, the market is projected to reach a valuation of 26.51 billion USD.

    What is the expected CAGR of the India Cold Storage Market from 2025 to 2035?

    The market is anticipated to grow at a CAGR of 13.568 percent from 2025 to 2035.

    Which segment of the India Cold Storage Market is expected to have the highest value in 2035?

    The Refrigerated Warehouse segment is projected to be valued at 16.22 billion USD in 2035.

    What is the estimated value of the Refrigerated Transport segment in 2024?

    In 2024, the Refrigerated Transport segment is expected to be valued at 2.63 billion USD.

    Who are the major players in the India Cold Storage Market?

    Key players include Adani Group, Mahindra Logistics, and Snowman Logistics among others.

    What is the projected market size of the Refrigerated Warehouse segment in 2024?

    The Refrigerated Warehouse segment is expected to be valued at 3.91 billion USD in 2024.

    How does the India Cold Storage Market grow by region between 2025 and 2035?

    The market is expected to expand significantly across various regions, driven by increased demand and investments.

    What growth dynamics and trends are shaping the India Cold Storage Market?

    Emerging trends include technological advancements and increased demand for food safety and quality.

    What are some challenges faced by the India Cold Storage Market?

    Challenges include high energy consumption and the need for significant infrastructure investment.

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    Customer Stories

    “I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

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