ShareIndian cold chain figures
Indian cold chain market is expected to grow at a compound annual growth rate of 25%!
According to a Netscribes research report, the Indian cold chain market, currently assessed at INR 125bn (USD 2.3 billion), is expected to grow at a compound annual growth rate of 25% and reach INR 381.5bn (almost USD 7 billion) by the end of 2015.
This growth is incentivized by increasing demand in the food sector and the processing industry (including farmers trying to counter food losses) or the pharmaceutical industry, and by general shifts in consumption patterns. Various government schemes are also stimulating the creation of extra refrigeration capacity and various multinational organizations and private equity firms have been encouraged to invest in the cold chain in India.
However, the country is still underequipped in terms of cold storage: in 2010, India had only 5386 cold stores across the whole country. Uttar Pradesh has the largest percentage of these facilities (30%) while the State of Orissa and the North Eastern shares only house 2%. The country is the second largest producer of fruit and vegetables and therefore represents a huge growth potential. More detailed analysis of cold storage distribution figures per commodity has also been published and contains some surprising figures: for instance, up to 56% of Indian cold storage facilities are used to store potatoes.
For further information, please contact Sourav Mukherjee at Netscribes: info [at] netscribes.com
This growth is incentivized by increasing demand in the food sector and the processing industry (including farmers trying to counter food losses) or the pharmaceutical industry, and by general shifts in consumption patterns. Various government schemes are also stimulating the creation of extra refrigeration capacity and various multinational organizations and private equity firms have been encouraged to invest in the cold chain in India.
However, the country is still underequipped in terms of cold storage: in 2010, India had only 5386 cold stores across the whole country. Uttar Pradesh has the largest percentage of these facilities (30%) while the State of Orissa and the North Eastern shares only house 2%. The country is the second largest producer of fruit and vegetables and therefore represents a huge growth potential. More detailed analysis of cold storage distribution figures per commodity has also been published and contains some surprising figures: for instance, up to 56% of Indian cold storage facilities are used to store potatoes.
For further information, please contact Sourav Mukherjee at Netscribes: info [at] netscribes.com