Indian states of Uttar Pradesh, Bihar, Punjab, Haryana, Madhya Pradesh,
Maharashtra contribute over ninety per cent of the total cold storage chain in
the country in 2019. Among the southern states Andhra Pradesh and Karnataka
have done well. The cold storage concept has not taken off in any of the other
The overall Cold Storage space to reach
1,400-1,500 million sq. ft by 2023
Cold Storage space available in the country is estimated to reach 1,400-1,500
million sq. ft by 2023.
Asia Pvt. Ltd, India’s leading real estate consulting firm, has released its
comprehensive findings on the cold storage (CS) segment in the country and the
factors which would lead to its robust growth.
projected growth drivers of the Indian CS segment include the growing
preference for healthier food without preservatives by the young and
working-age population would boost the need for CS facilities. Additionally,
traditional preferences in India have always been higher for fresh produce,
thereby further driving the need for setting up CS facilities closer to
residential areas.The emergence of the ‘cloud kitchen’ concept is also likely
to boost demand for CS facilities.
The size of the online F&G retail
industry is likely to quadruple by 2022
The size of
the online F&G retail industry is likely to quadruple by 2022; and the size
of the dairy industry is likely to more than double by 2023. Government
initiatives to reduce post-harvest waste, encourage investment and improve
logistics efficiencies are also expected to boost the overall CS capacity,
value and RE stock.
CS facilities integral for promotion of
the rural economy
projected growth of F&G, online F&G, dairy, food processing and pharma
industries over the next few years is thus likely to drive demand for CS and
reduce product wastage. CS facilities are also integral for promotion of the
rural economy as they would link the marketplaces across all locations, the