The global cold chain market was valued at USD 279.94 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 18.6% from 2023 to 2030 and the Indian cold chain market reached a value of nearly INR 1,285 billion in 2020. The industry is further expected to grow at a CAGR of 14.3% over the forecast period of 2023-2028 to attain a value of INR 2,865 billion by 2027. Global Cold Chain Market Insights The global cold chain market was valued at USD 279.94 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 18.6% from 2023 to 2030 and the Indian cold chain market reached a value of nearly INR 1,285 billion in 2020. The industry is further expected to grow at a CAGR of 14.3% over the forecast period of 2023-2028 to attain a value of INR 2,865 billion by 2027. The growth of organized food retail is the biggest driver of the cold chain market in India. India is currently the world’s largest producer of milk, the second largest producer of fruits and vegetables, and has a substantial production of marine, meat, and poultry products. Most of these products are temperature-sensitive and require specific temperature ranges to be stored. This has resulted in the establishment of a very large cold-chain infrastructure in the country.