A cold chain is a process for storage of products and commodities under optimal temperature conditions. It is a temperature controlled supply chain process for maintaining ideal storage conditions for perishable products. It provides temperature controlled warehouses for surface storage and refrigerated transport vehicles for physical distribution of products under optimal temperatures. It is widely used to store and transport fruit and vegetables and drugs and medicines to prevent them from spoilage. Cold storage increases the life of the product and maintains quality. Analysts forecast the Cold Chain market in India will grow at a CAGR of 26.80 percent over the period 2014-2018.
The Report recognizes the following companies as the key players in Cold Chain Market in India: Brahmanand Himghar Ltd., Dev Bhumi Cold Chain Ltd., Fresh and Healthy Enterprises Ltd., Gateway Distriparks Ltd., Gati Ltd. , Amar Cold Storage , Gubba Cold Storage Ltd. , M.J. Logistic Services Ltd., Radhakrishna Foodland Pvt. Ltd., ColdEx , Coldstar Logistics, Future Supply Chain Solutions Ltd., OOCL Logistics India Pvt. Ltd., XPS Cold Chain.
The creation of a cold chain infrastructure is a capital-intensive project, which requires a substantial amount of investment. The investment risk is too large to be borne by any single player because of the low utilization of capacity in the initial phase. The participation of private players will scale up the investment required to set up cold storage facilities and government participation will enable the smooth and seamless setting up of cold chains. The Food Corp. of India is hiring cold storage warehouses from the private sector to address food wastage and the scarcity of cold storage. State initiatives are also adopting the PPP model. For instance, Karnataka has set up cold storage facilities by partnering with KAPPEC and Ken Agritech.
Covered in this Report
This report covers the present scenario and the growth prospects of the Cold Chain market in India for the period 2014-2018. To arrive at a ranking of the leading vendors in the market, it considers vendors’ revenue generated from the provision of cold storage supply chain solutions. The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors in the market. The report also provides data on the different segments of the Cold Chain market in India: Temperature Controlled Warehouse market and Temperature Controlled Vehicles market. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends emerging in the market.
Cold Chain Market in India 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the regional segmentation of the Cold Chain market in India; it also covers the Cold Chain market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. According to the report, government initiatives to promote the Retail and Food Processing industry constitute one of the major drivers in the market. The Retail industry in India is getting more organized and an increase in demand for processed food is contributing to the growth of Food Processing industry. Government policies with respect to FDI in these industries and the creation of mega food parks mean that there is a positive outlook for the Cold Chain market in India.
Further, the report states that the lack of logistical and infrastructure support is one of the major challenges and it results in high operational costs.
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