인도의 냉장 창고 시장 : 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the India cold storage market size is expected to increase from USD 9.60 billion in 2025 to USD 10.21 billion in 2026 and reach USD 13.69 billion by 2031, growing at a CAGR of 6.05% over 2026-2031.

The India cold storage market is being shaped by 3 demand streams that now move in parallel, food retail modernization, pharmaceutical cold chain expansion, and the spread of quick commerce dark stores. This report is Segmented by Temperature Type (Chilled, Frozen, Ambient, and Deep-Frozen), by Automation Level (Conventional Facilities and Automated Cold Stores), by Application (Fruits and Vegetables, Meat and Poultry, Fish and Seafood, Dairy and Frozen Desserts, Ready-To-Eat Meals, and More), and by Region (North, Central, West, East, and South). The Market Forecasts are Provided in Terms of Value (USD).

India Cold Storage Market Trends and Insights

Rising Demand for Multi-Temperature Warehousing

Demand in the India cold storage market is no longer centered on a single temperature band. Retail chains, quick-service restaurants, and pharmaceutical companies increasingly need chilled, frozen, and ambient zones on the same site. That change is pushing operators to rethink warehouse design, as facilities built for a single commodity or temperature cannot easily accommodate mixed inventory. Quick commerce platforms recorded a 30% rise in summer demand for frozen and chilled products in 2025, further increasing pressure on dark-store operators to manage multiple cold zones within tight delivery windows. In the India cold storage market, this design mismatch is extending the investment cycle beyond new builds alone, because retrofitting older sites is often as important as building fresh capacity. The result is a longer modernization runway, especially in cities where consumption is broadening faster than infrastructure quality.

Expansion of Organized Food Retail and Quick Commerce

Organized food retail and quick commerce are changing the operating logic of the India cold storage market. India's quick commerce gross merchandise value reached USD 11.3 billion in 2025, and Zepto alone earmarked INR 1,629 crores (USD 190 million) for dark-store expansion across FY 27-FY 30. Blinkit has also stated plans to expand its dark-store network to 3,000 stores by March 2027, adding to the density of cold-sensitive urban inventory. Perishables now account for a large share of orders on these platforms, so demand is shifting from long-dwell repository storage to fast-turn micro-fulfillment capacity near residential clusters. This is why the India cold storage market is seeing stronger demand for urban multi-zone sites rather than only large rural or peri-urban bulk facilities. The supply gap remains wide in most major metros, making near-city cold infrastructure one of the clearest expansion pockets.

High Capital Intensity for Modern Cold Chain Facilities

High project cost remains one of the clearest limits on the pace of the India cold storage market. Construction costs for frozen cold storage range from INR 3,200 to INR 4,000 (USD 33.80 to USD 43.60 ) per ft2, while pharmaceutical-grade cold rooms cost INR 25,000-40,000 (USD 267 to USD 462) per metric ton of capacity. Multi-temperature layouts, automation systems, warehouse management software, and backup power all further increase the required investment. This stretches payback periods, especially for operators that cannot offset capex with long-term anchor clients or subsidy support. In the Indian cold storage market, this is creating a split: larger, organized players are expanding faster, while smaller operators struggle to finance upgrades that customers increasingly expect. The pressure is not only financial, because rising compliance expectations in food and healthcare also reduce the room for low-spec capacity to remain competitive.

Other drivers and restraints analyzed in the detailed report include:

1. Rising Pharma, Vaccine, and Biologics Cold Chain Needs
2. Energy Resilience Through On-Site Renewable Backup
3. Power Reliability and Operating Cost Pressure

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Chilled (0-5 °C) accounted for 52.40% of the India cold storage market share in 2025, reflecting the continued dominance of fruits, vegetables, and dairy in total throughput. Frozen and ambient formats still play important roles across processed foods, confectionery, and dry pharmaceuticals. The fastest shift, however, is in deep-freeze / ultra-low storage, which is projected to grow at a 11.31% CAGR through 2031. That growth rate shows how the India cold storage market is moving beyond its older focus on conventional produce storage and into more specialized temperature bands. The need for handling at -20 °C to -80 °C is rising as pharmaceutical use cases broaden from standard products to biologics, vaccines, and other temperature-sensitive therapies.

That shift is now visible in project execution. Indicold deployed India's first fully automated high-bay frozen ASRS warehouse in Dholasan, Gujarat, in 2024, and followed it with a second Detroj facility in April 2025 with more than 10,000 pallet capacity at -25 °C. The India cold storage industry is therefore moving through a staggered capex cycle, where chilled capacity remains the installed base, frozen capacity is being scaled for organized food distribution, and ultra-low infrastructure is entering commercial relevance. Operators serving quick commerce also need better frozen continuity between the central warehouse, the micro-fulfillment point, and the final delivery. That is why temperature segmentation in the India cold storage market is no longer just a technical classification; it is becoming a direct indicator of where new capital is being deployed.

Complete Report Scope:

• By Temperature Type
  • Chilled (0-5 °C)
  • Frozen (-18-0 °C)
  • Ambient
  • Deep-Frozen / Ultra-Low (Less than -20 °C)
• By Automation Level (Storage)
  • Conventional Facilities
  • Automated Cold Stores (AS/RS, Robotics)
• By Application
  • Fruits & Vegetables
  • Meat & Poultry
  • Fish & Seafood
  • Dairy & Frozen Desserts
  • Bakery & Confectionery
  • Ready-to-Eat Meals
  • Pharmaceuticals & Biologics
  • Vaccines & Clinical Trial Materials
  • Chemicals & Specialty Materials
  • Other Perishables
• By Region
  • North
  • Central
  • West
  • East
  • South

List of Companies Covered in this Report:

1. Snowman Logistics Ltd.
2. ColdEX Logistics Pvt. Ltd.
3. Allcargo Gati
4. Mahindra Logistics Limited
5. TCI Cold Chain Solutions
6. Coldman Logistics Pvt. Ltd.
7. DHL Supply Chain India Private Limited
8. Reefer Logistics Pvt. Ltd.
9. CEVA Logistics (CMA CGM Group)
10. Kuehne+Nagel Private Limited
11. CMR Cold Storage
12. Indicold Pvt. Ltd.
13. Coldrush Logistics Pvt. Ltd.
14. Gubba Cold Storage Pvt. Ltd.
15. Cold Care Group
16. GK Cold Chain Solutions Pvt. Ltd.
17. Siddhi Cold Chain
18. Vasani Cold Chains
19. SBP Cold Storage Pvt. Ltd.
20. C5 Cold Chain India Pvt. Ltd.
21. Arihant Cold Storage
22. Hindustan Ice & Cold Storage Co.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions & Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview and Role of Cold Storage in Logistics
• 4.2 Market Drivers
  • 4.2.1 Rising Demand for Multi-Temperature Warehousing
  • 4.2.2 Expansion of Organized Food Retail and Quick Commerce
  • 4.2.3 Rising Pharma, Vaccine, and Biologics Cold Chain Needs
  • 4.2.4 Energy Resilience Through On-Site Renewable Backup
  • 4.2.5 Digital Temperature Traceability for Export Compliance
  • 4.2.6 Cluster-Level Capacity Buildout Near Processing Hubs
• 4.3 Market Restraints
  • 4.3.1 High Capital Intensity for Modern Cold Chain Facilities
  • 4.3.2 Power Reliability and Operating Cost Pressure
  • 4.3.3 Shortage of Skilled Refrigeration and Automation Technicians
  • 4.3.4 Fragmented Demand Reduces Asset Utilization
• 4.4 Regulatory Framework
• 4.5 Value Chain and Distribution Channel Architecture Analysis
• 4.6 Technology Innovations Outlook
• 4.7 Porter's Five Forces Analysis
  • 4.7.1 Threat of New Entrants
  • 4.7.2 Bargaining Power of Suppliers
  • 4.7.3 Bargaining Power of Buyers
  • 4.7.4 Threat of Substitutes
  • 4.7.5 Rivalry Among Competitors
• 4.8 Evolution of the Cold Storage Industry
• 4.9 Cold Storage Installed Capacity and Expansion Trend Analysis
• 4.10 Public vs Private Capacity Split
• 4.11 Key Infrastructure Projects
• 4.12 Sustainability and ESG Assessment
• 4.13 Impact of Geo-Political Events on Supply Chain Shifts

5 Market Size & Growth Forecasts (Value, 2026-2031)

• 5.1 By Temperature Type
  • 5.1.1 Chilled (0-5 °C)
  • 5.1.2 Frozen (-18-0 °C)
  • 5.1.3 Ambient
  • 5.1.4 Deep-Frozen / Ultra-Low (Less than -20 °C)
• 5.2 By Automation Level (Storage)
  • 5.2.1 Conventional Facilities
  • 5.2.2 Automated Cold Stores (AS/RS, Robotics)
• 5.3 By Application
  • 5.3.1 Fruits & Vegetables
  • 5.3.2 Meat & Poultry
  • 5.3.3 Fish & Seafood
  • 5.3.4 Dairy & Frozen Desserts
  • 5.3.5 Bakery & Confectionery
  • 5.3.6 Ready-to-Eat Meals
  • 5.3.7 Pharmaceuticals & Biologics
  • 5.3.8 Vaccines & Clinical Trial Materials
  • 5.3.9 Chemicals & Specialty Materials
  • 5.3.10 Other Perishables
• 5.4 By Region
  • 5.4.1 North
  • 5.4.2 Central
  • 5.4.3 West
  • 5.4.4 East
  • 5.4.5 South

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Key Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products & Services, and Recent Developments)
  • 6.4.1 Snowman Logistics Ltd.
  • 6.4.2 ColdEX Logistics Pvt. Ltd.
  • 6.4.3 Allcargo Gati
  • 6.4.4 Mahindra Logistics Limited
  • 6.4.5 TCI Cold Chain Solutions
  • 6.4.6 Coldman Logistics Pvt. Ltd.
  • 6.4.7 DHL Supply Chain India Private Limited
  • 6.4.8 Reefer Logistics Pvt. Ltd.
  • 6.4.9 CEVA Logistics (CMA CGM Group)
  • 6.4.10 Kuehne+Nagel Private Limited
  • 6.4.11 CMR Cold Storage
  • 6.4.12 Indicold Pvt. Ltd.
  • 6.4.13 Coldrush Logistics Pvt. Ltd.
  • 6.4.14 Gubba Cold Storage Pvt. Ltd.
  • 6.4.15 Cold Care Group
  • 6.4.16 GK Cold Chain Solutions Pvt. Ltd.
  • 6.4.17 Siddhi Cold Chain
  • 6.4.18 Vasani Cold Chains
  • 6.4.19 SBP Cold Storage Pvt. Ltd.
  • 6.4.20 C5 Cold Chain India Pvt. Ltd.
  • 6.4.21 Arihant Cold Storage
  • 6.4.22 Hindustan Ice & Cold Storage Co.

7 Market Opportunities & Future Outlook

• 7.1 White-space & Unmet-Need Assessment