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
November 2020
130
About the Report
About the Report
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.
Competitive Landscape of Major Players Operating in the JNPT Cold Storage Market
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
Products
Products
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
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
Companies
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
Table of Contents
Table of Contents
1. Executive Summary
2. JNPT- Overview and Genesis
2.1 Overview of JNPT Port
2.2 Financial Highlights of JNPT Port
2.3 JNPT and its Hinterland Connectivity
2.4 Major Cold Warehousing Hubs near JNPT
2.5 Challenges Faced by Cold Storage Warehouses
2.6 Competitive Advantage of Setting up Cold Storages
2.7 Government Funding Schemes for Setting up of a Warehouse
2.8 Entry Opportunities for Cold Storage Companies
2.9 Pros and Cons for Setting up Cold Storage Facility in JNPT, Mumbai
3. JNPT Cold Storage Market
3.1 Supply Ecosystem for Cold Chain
3.2 Government Funding Schemes for Cold Storage Setup
3.3 JNPT Cold Storage Industry Size, 2017-2020
3.4 JNPT Cold Storage Market Segmentation by End Users (Agriculture, Pharmaceuticals, Confectionaries & Bakery, Dairy, Meat & Sea Food and others), 2020
3.5 Technological Advancements
4. End User Industry Analysis
4.1 Shelf Life and Temperature Requirements of Key Temperature Controlled Products
4.2 Cross Comparison of Target Audience (Market Size, Major Players and Market Share on the basis of Revenue, Temperature Requirements and others)
4.3 Major Decision Making Factors affecting Demand for Cold Storage Services for Various End Users
4.4 Cold Storage Warehousing Potential For Multiple End Users- Agri, Fruits & Vegetables, Dairy, Meat & Sea Food, Pharma, Bakery & Confectionary, QSRs (Market Size, Manufacturing Hubs, Import/Export Value & Volume from JNPT, Cross Comparison of Major Companies, Demand Preferences and Analysis)
5. Competitive Landscape
5.1 Competition Scenario
5.2 Strengths & Weaknesses of Major Players
5.3 Cross Comparison between Major Players (Location, #Cold Storages, Pallet Positions, Price Per Pallet, Type of Facilities, Size, Major Clients, End User Catered, Employees, Vintage and others)
6. Preferred Location Assessment in JNPT Area
6.1 Suitable Location in the JNPT Area for the Warehouse Setup
6.2 Financial Model to Setup Cold Storage Facility in JNPT Area
7. Future for Cold Storage Market in JNPT, 2019-2025F
7.1 Future Technological Innovations
7.2 COVID 19 Impact on JNPT Cold Storage Market
7.3 Industry Future Outlook and Projections to 2025F
7.4 Future Segmentations of JNPT Cold Storage Market, 2020-2025F
8. Analyst Recommendations
9. Appendix (Directory of Potential End-Users- Agricultural/Fruits & Vegetables, Dairy, Pharmaceutical, Bakery/Confectionary and others)
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