This is the fourth research piece in our Industrial & Logistics Occupier Series - “Cold Storage (CS) in India - All the way from farm to fork”. CS is one of the leading alternate segments in India attracting the interest of both global and domestic players. This report provides a comprehensive overview about the CS segment and its outlook in India.
- The overall CS capacity in India stood at about 37-39 million tonnes in 2019.
- Following the Covid-19 outbreak, the CS segment is expected to witness robust demand on the back of a surge in online grocery and fresh food sales.
- Online Food Delivery (OFD) revenues in India are likely to grow by more than 60% by 2023; increasing demand for OFD services to further boost the overall CS capacity.