india cold chain market forecast and opportunities, 2019
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Favorable government initiatives, growing food processing industry and rising private equity investments to drive cold chain market in India.TRANSCRIPT
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India Cold Chain MarketForecast & Opportunities , 2019
M a r k e t . I n t e l l i g e n c e . E x p e r t s
I n d u s t r y B r i e f
© TechSci Research
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With rising food production and consumption, India’s existing cold chain infrastructure is falling short in adequately
addressing the country’s demand for high-quality fresh food products. Around 40% of the fruit and vegetable produce gets
wasted while moving from the grower to consumer. Major factors responsible for this loss are poor cold chain infrastructure
and the inadequacies that exist in supply chain. With government bringing cold chain under the ambit of infrastructure
sector in 2011-12, the country’s cold chain market is poised to witness significant upsurge in future. Besides storage and
transportation of food products, pharmaceutical and chemical industries in India are also creating significant need for cold
chain services, including cold stores and temperature controlled vehicles, for transportation of vaccines and other medical
products. Rising consumption of meat and meat-based food products is also creating significant need for cold chain
expansion in the country. Presently, the cold chain infrastructure in India relies on obsolete technologies, which mandates
for its renovation or complete replacement.
According to “India Cold Chain Market Forecast & Opportunities, 2019”, the Indian cold chain market is projected to
grow at a CAGR of around 23.88% during 2014 -19, in value terms. Currently, the market is largely unorganized and
fragmented with only handful domestic players offering complete food storage and logistics services in the country. However,
over the next five years the Indian cold chain market is expected to witness consolidation due to growing private
investments, entry of foreign refrigeration and insulation equipment manufacturers in the country, and growing demand for
cold storage facilities and logistics from the pharmaceutical industry. Northern India has the highest number of cold storage
facilities due to high yield of food crops in states like Punjab, Haryana and Uttar Pradesh, and fruits in Jammu & Kashmir,
Himachal Pradesh and Uttarakhand. The government of India has allowed 100% FDI in cold chain market along with several
financial incentives and relaxations. These measures are anticipated to drive the cold chain market in India in the coming
five years. “India Cold Chain Market Forecast & Opportunities, 2019” elaborates the following aspects related to cold
chain market expansion in India:
India Cold Chain Market Size, Share & Forecast
Segmental Analysis - Cold Storage and Temperature Controlled Vehicle
Policy & Regulatory Landscape
Changing Market Trends & Emerging Opportunities
Competitive Landscape & Strategic Recommendations
T a b l e o f C o n t e n t s
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1. Research Methodology
2. Analyst View
3. Global Cold Chain Market Overview
4. India Cold Chain Market Outlook
4.1. Brief Introduction
4.2. Market Share & Forecast
4.2.1. By Value
4.2.2. By Cold Chain Type
4.2.3. By Organized Vs. Unorganized
4.2.4. By Company
5. India Cold Storage Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.1.2. By Installed Capacity
5.2. Market Share & Forecast
5.2.1. By Region
5.2.2. By Product
5.3. Price Point Analysis
5.4. Competition Outlook
5.5. Leading Companies & Future Plans
6. India Temperature Controlled Vehicle Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
T a b l e o f C o n t e n t s
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6.1.2. By Fleet Size
6.1.3. By Product Type
7. Supply Chain Analysis
8. India Cold Chain Market Dynamics
8.1. Key Drivers
8.2. Key Challenges
9. India Cold Chain Market Trends
9.1. Rising Focus towards Multi-commodity Warehouses
9.2. Supply Chain Integration
9.3. Technological Advancements
9.4. Expanding Rail Reefers
9.5. Emerging Trend in Refrigeration
10. Policy & Regulatory Landscape
11. India Economic Profile
12. Competitive Landscape
12.1. Comparative Landscape
12.2. Company Profiles
12.2.1. Snowman Logistics Ltd.
12.2.2. Gati Kausar Ltd.
12.2.3. Fresh and Health Enterprise Ltd.
12.2.4. M J Logistics Services Ltd.
12.2.5. Kelvin Cold Chain Logistics Pvt. Ltd
12.2.6. ColdStar Logistics Pvt. Ltd.
T a b l e o f C o n t e n t s
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12.2.7. RK Foodland Pvt. Ltd.
12.2.8. Coldex Logistics Pvt. Ltd.
12.2.9. Dev Bhumi Cold Chain Ltd.
12.2.10. Bulaki Cold Storage Pvt. Ltd.
13. Strategic Recommendations
14. Annexure
14.1. Questionnaire
15. About Us & Disclaimer
L i s t o f F i g u r e s
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• Figure 1: Global Cold Chain Market Size, By Value, 2009-19F (USD Billion)
• Figure 2: Global per Capita Average Food Wastage, By Stage, By Region (Kg/Year)
• Figure 3: India Cold Chain Market Size, By Value, 2009-19F (USD Billion)
• Figure 4: India Agriculture & Horticulture Produce, By Value, 2011-2013 (USD Billion)
• Figure 5: India Cold Chain Market Share, By Type, By Value, 2013
• Figure 6: India Cold Chain Market Share, By Type, By Value, 2019F
• Figure 7: India Fruits and Vegetables Produce, By Volume, 2012 & 2021F (Million Metric Tons)
• Figure 8: India Cold Chain Market Share, By Organized Vs. Unorganized, By Volume, 2013
• Figure 9: India Cold Chain Market Share, By Organized Vs. Unorganized, By Volume,
• Figure 10: India Cold Chain Market Share, By Company, By Value, 2013
• Figure 11: India Cold Chain Market Share, By Company, By Value, 2019F
• Figure 12: India Cold Storage Market Size, By Value, 2009-19F (USD Billion)
• Figure 13: India Retail Market Share, By Sector, By Volume, 2013
• Figure 14: India Cold Storage Market, By Installed Capacity, 2009-19F (Million Metric Tons)
• Figure 15: India Cold Storage Capacity, By State 2013 (Million Metric Tons)
• Figure 16: India Cold Storage Facilities, By Ownership Type, 2012
• Figure 17: India Cold Storage Facilities, By Product Type, By Storage Volume, 2012
• Figure 18: India Cold Storage Facilities, By Product Type, By storage Volume, 2019F
• Figure 19: India Cold Storage Market Share, By Product Type, By Value, 2013
• Figure 20: India Cold Storage Market Share, By Product Type, By Value, 2019F
• Figure 21: India Temperature Controlled Vehicle Market Size, By Value 2009-2019F (USD Million)
• Figure 22: India Temperature Controlled Vehicles Fleet Size, 2009-2019F (Thousand Units)
• Figure 23: India Food Grain Wastage, 2005, 2012 (Metric Tons)
L i s t o f F i g u r e s
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• Figure 24: India Temperature Controlled Vehicle Fleet Share, By Product, 2013
• Figure 25: India Temperature Controlled Vehicle Fleet Share, By Product, 2019F
• Figure 26: India Food Processing Market Share, By Segments, By Value, 2013
• Figure 27: India Organized & Unorganized Retail Market Share, By Volume, 2013
• Figure 28: India Agricultural Produce Exports, By Value, 2010-14 (USD Billion)
• Figure 29: India Cold Storage Capacity Gap, 2013 (Million Metric Tons)
• Figure 30: India Cold Chain Transport Share, By Volume, 2013
• Figure 31: Snowman Logistics Ltd. Major Shareholders, 2014
• Figure 32: Snowman Logistics Ltd. Revenues and PAT, 2012-13, 2013-14 (USD Millions)
• Figure 33: Gati Kausar Ltd. Revenues and PAT, 2012-13, 2011-12
• Figure 34: Fresh and Health Enterprise Ltd. Revenues and PAT, 2012-13, 2011-12
• Figure 35: M J Logistics Services Ltd. Revenues and PAT, 2012-13, 2011-12
L i s t o f T a b l e s
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• Table 1: India Cold Storage Units, By Region, By Percentage Share, 2013
• Table 2: Number of Cold Storage Units in Northern India, By State, By Food Product, 2013
• Table 3: Number of Cold Storage Units in Western India, By State, By Food Product, 2013
• Table 4: Number of Cold Storage Units in Eastern India, By State, By Food Product, 2013
• Table 5: Number of Cold Storage Units in Southern India, By State, By Food Product, 2013
• Table 6: India Cold Storage Rentals, By Product (USD)
• Table 7: India Leading Cold Storage Companies, By Future Plans, 2013
• Table 8: Storage Temperature Requirement in India, By Product Type (Degree Celsius)
• Table 9: India Cold Chain Investments, By Company, By Value, 2010-14 (USD Million)
• Table 10: India Cold Chain Comparative Landscape, 2013
R e s e a r c h M e t h o d o l o g y
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Baseline Methodology :
For the study, TechSci Research has gathered information through primary research surveys with 41 respondents
from organized and unorganized cold chain service providers across the country, followed by counter validating the
information by interviewing 5 respondents from various end user industries and distributors. We also put through
exhaustive search of credible databases and organizations such as APEDA, Gujarat Cold Storage Association, MPEDA,
Kerala Horticulture Department, etc., including our internal database. Our team of analysts has then prudently
evaluated all the collected information and personated them in chronological order to depict a meaningful and clear
picture of the cold chain market in India.
While compiling the data, we have also cross-checked all the collected information from multiple sources and data
warehouses, so that we can present the most accurate and precise information of the concerned industry. For the
purpose of calculating market share of competitors, revenues of companies have been scrutinized. The same
information has then been verified with primary research surveys with competitors to arrive at logical figures.
Sources : Company Websites, Annual Reports, APEDA, MPEDA, Gujarat Cold Storage Association
Major Organized Players Interviewed Major Unorganized Players Interviewed
Snowman Logistics, Gati Kausar, MJ Logistics, Tolsma, DevBhumi, RK Foodland, Bulaki Cold Storage
Shree Maruti Cold Storage, Maruti Ice & Cold Storage Pvt. Ltd., Prakash Ice & Cold Storage, Shree Jaynarayan Cold
Storage, Kamla Cold Storage, M/S Manibhai Zaverbhai Patel & Co. Cold Storage etc.,
S a m p l e D a t a - S n a p s h o t
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© TechSci Research
X%
Multi-ProductX%
1.002.00
3.004.00
5.006.00
7.008.00
9.0010.00
11.00
Figure 3: India Cold Chain Market Size, By Value, 2009-19F (USD Billion)
33.00%
33.00%
34.00% 33.00%
33.00%
34.00%Cold Storage
Temperature
Controlled
Vehicle
Others
20132019F
Figure 4: India Cold Chain Market
Share, By Type, By Value, 2013Figure 5: India Cold Chain Market
Share, By Type, By Value, 2019F
Snowman
, 20.00%
Gati Kausar ,
20.00%Fresh and
Health
Enterprise , 20.00%
M J
Logistics
, 20.00%
Kelvin Cold Chain
Logistics
, 20.00%
XXXX Companies, By Market
Unorganized X%
Organized X%
2013
Figure 8: India Cold Chain Market Share, By Company, By Value, 2013
Organized, 50%
Unorganized,
50%
2013
Figure 6: India Cold Chain Market Share, By Organized
Vs. Unorganized, By Volume, 2013
1.02.0
3.04.0
5.06.0
7.08.0
9.010.0
11.0Figure 10: India Cold Storage Market Size, By Value, 2009-19F (USD Billion)
10
20
5
10
2013-14 2012-13
Revenue PAT
Figure 15: Snowman Logistics Ltd. Revenues and
PAT, 2012-13, 2013-14 (USD Million)
GDL,
20.0%
MC & MCL,
20.0%
Norwest
Venture,
20.0%
IFC,
20.0%
Others,
20.0%
Figure 14: Snowman Logistics Ltd. Major
Shareholders, 2014
R e p o r t O r d e r i n g
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© TechSci Research
Report Name: India Cold Chain Market Forecast and Opportunities, 2019
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