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Cold chain pie to nearly double in 5 years: Crisil
Feb 13, 2018
Three key segments, meat, seafood and bio-pharmaceuticals, will be the key growth drivers for the cold chain industry, which is likely to go grow by 13-15 per cent in the next five years, Crisil Research said.
These three segments cater mainly to the export markets, where organised players are preferred due to stringent quality requirements and regulations, it added.
We expect the cold-chain industry to log an annual growth of 13-15 per cent in the five fiscals through 2022, compared with 11-13 per cent in the previous five, it said.
This will swell the industry to Rs 47,200 crore in fiscal 2022 from Rs 24,800 crore in fiscal 2017.
In the meat segment, growth would be led by buffalo meat, which also has the largest share of exports at 45 per cent, the report said.
While in the seafood segment, growth would be led by shrimps, which contributed 38 per cent in volume and 65 per cent in value terms to total seafood exports in 2016-17.
On its part, the bio-pharmaceuticals segment is heavily dependent on cold chains.
This is particularly so because stringent US FDA regulations necessitate that products such as vaccines, serums, and blood plasma be monitored critically.
Biopharma exports are expected to grow by 18-20 per cent in value terms between 2017 and 2022.
That would lift the share of exports in the segment to 55 per cent from 45 per cent in FY17.
The Hindu Business Line
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Agricultural & Processed Food Products Export Development Authority
(Ministry of Commerce & Industry,
Govt. of India)
NCUI Building 3, Siri Institutional Area, August Kranti Marg, New Delhi - 110 016
Phone : 91-11-26513204, 26514572, 26534186
Fax : 91-11-26526187