The report titled “Business Potential for Cold Storage Facility in JNPT Outlook to FY25 – Driven by increasing Trade of Food Products and Pharmaceuticals along with growth in QSR” provides a comprehensive analysis on the status of the cold storage market in the JNPT area in Mumbai. The report covers various aspects including the current market scenario for cold storage facility in JNPT, pricing trends, pros and cons for setting up cold storage in the area, major growth drivers, investment in infrastructure, tech disruptions and innovations, and competition benchmarking. The report concludes with market projections for future of the industry including forecasted industry size by revenue and pallet positions along with potential end users.
JNPT Cold Storage Market Overview and Size:
JNPT
Cluster on account of its proximity to the port has emerged as a suitable
warehouse hub for EXIM cargo that is mainly inbound. Located closer to the financial
capital of India, it has an advantage of having access to a very well connected
highway network. The cold storage market has grown at a CAGR of 3.5% over the
period 2017-2019 with ~42 companies generating revenue of more than ₹ 170 Cr during FY20. The significant growth in
the demand for temperature-sensitive products such as meat and seafood, dairy,
fruits and vegetables along with increase in exports and imports of such
products from the JNPT Port has propelled the growth of the cold storage industry
over the period. With greater investment and more quality demanding clientele,
the market is expected to fully embrace the wide spectrum of innovations such
as WMS, RFID tags and be truly global standard.
JNPT Cold Storage Market Segmentation:
By Temperature Range
Temperature
Controlled warehouses (Chilled and Frozen) are the largest contributor to the
revenue of the cold storage market in JNPT with a largest share during FY20.
Frozen cold storages or freezers primarily cater to products such as meat and
related products, fish and other seafood, poultry, ice-creams, frozen
ready-to-eat meals and frozen fruits & vegetables.
By End-Users
Majority
of the cold storages in JNPT store agricultural products such as pulses, spices
and imported fruits and vegetables occupying highest share to the overall space
as on 31st October 2020 followed by pharmaceuticals. More than 70% of the total
cold storage capacity is single commodity, dedicated for storing agri-products,
pharma or meat and seafood.
Cold
Storage Market:
Competition
within the market was observed to be bifurcated into fragmented smaller players
and about 10-15 larger companies acquiring majority of market share. Many
players operate in the market on both 2PL and 3PL basis. Major companies providing
cold storage services include Savla Cold Storage, Snowman Logistics, JWL Cold
Store, Rishi Ice and Cold Storage, Western Super fresh, Kool Solutions India,
Primanand Cold Storage, Mehta Cold Storage and others.
JNPT Cold Storage Market Future Outlook &
Projections
The
cold storage market in JNPT is expected to experience medium level of growth
owing to improving infrastructure, increasing industrial output, significant
consolidation of the market, and increasing import export volumes from the
port. The industry is expected to
witness entry of new players and new mergers and acquisition between the
players. Reduction in Dwell times in JNPT from 82 hours in 2016-17 to 59 hours in 2018-19 are expected to reduce
further. Moreover, Automatic route FDI (~100%) and External Commercial
Borrowing (ECB) allowed in developing in cold chain infrastructure along with
government subsidies, tax benefits and grants are further going to drive the
market demand in the coming years.
Key
Segments Covered:-
JNPT
Cold Storage Market
Pallets
By Temperature Range
Freezers
Chillers
Ambient
Pallets
By End Users
Agriculture
Pharmaceuticals
QSRs
Bakery and Confectionery
Dairy
Meat and Seafood
Others
Companies Covered:-
Snowman Logistics
Savla Cold Storage
JWL Cold Store
Rishi Ice and Cold Storage
Western Superfresh
Kool Solutions India
Primanand Cold Storage
Mehta Cold Storage
Snow-Ex
Supreme Cold Storage
ColdStar Logistics
Vishal Ice Factory And Cold Storage
Crescent Cold Storage
A. A. Cold Storage
Mayur Cold Storage
Radha Krishna Foodland
Igloo Cold Storage
Eskimo Cold Storage
Winter Logistics (DP World Company, Lease from Allana)
Omni Fresh Agro
Alps Ice and Cold Storage
Khanna Ice and Cold Storage,
Bhoir Ice Factory
and Cold storage Pvt LTD,
Libran Cold Storage
iAhmed Cold Storage
Key
Target Audience:-
Cold Storage Companies
Cold Chain Association
End Users for Cold Storage Companies
3PL Companies
Consultancy Companies
Logistics/Warehousing Companies
Real Estate Companies/ Industrial Developers
Time
Period Captured in the Report:-
Historical
Period – 2017-2019
Forecast Period –
2020-2025F
Key Topics
Covered in the Report:-
JNPT
Cold Storage Market Introduction
JNPT
Infrastructure
Pros
a Entry Barriers and Pre-requisites for Cold Storage Facility in JNPT, Mumbai
Pros
and Cons for Setting up Cold Storage Facility in JNPT, Mumbai
Reasons
for End User Companies to Shift down to JNPT, Mumbai
Number
of Cold Storages in JNPT Area, 2020
Cold
chain warehousing potential for multiple commodities (F&V Market, Meat and
Seafood, Ex-Im Temperature Controlled Consignments, Confectionary, Ice Cream,
Frozen Food, Dairy, Pharmaceutical, RTE/ RTC etc.)
Competition
Assessment in JNPT Area separately for Cold Storage Assessment on the Basis of
Nature of Competition, Competitive Factors and Major Companies
Number
of Cold Storage in JNPT, Mumbai segregated by Organized and Unorganized Sector
Including parameters such as Price Per Pallet, Type of Facilities, Size, Major
Clients, End User Catered, Revenues*, Employees, Vintage and others.
Preferred
Location Assessment in JNPT Area
Financial
Model to Setup Cold Chain Facility in JNPT Area
Future
Potential for the Demand of Cold Storage Space in JNPT, Mumbai
For
More Information on the research report, refer to below link:
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