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The India Commercial Refrigeration Market was valued at USD 2.70 Billion in 2024 and is projected to reach USD 3.80 Billion by 2033. The market is expected to grow at a CAGR of 3.30% during the forecast period 2025-2033. Growth is propelled by expanding cafes and cloud kitchens requiring refrigeration for food ingredients and an increasing demand for convenience food items necessitating efficient deep freezers in retail environments.
STUDY ASSUMPTION YEARS
MARKET TRENDS
The rising demand in the food and beverage (F&B) industry offers a favorable outlook for the India commercial refrigeration market. Processed, packaged, and frozen food products are increasing, with food manufacturers and restaurants relying on advanced refrigeration to maintain quality and safety standards. Commercials refrigerator preserve perishables like dairy, meat, seafood, and beverages. The expansion of quick-service restaurants, cafes, and cloud kitchens boosts demand for cold storage units to store ingredients and ready-to-serve meals. Beverage companies depend on refrigeration for soft drinks, juices, and alcoholic beverages. Changing consumer preferences toward fresh and organic products enhance the importance of cold storage.
The expansion of retail channels is a significant driver. Retail chains expanding in urban and suburban areas invest in modern refrigeration technologies to keep perishables fresh. Contemporary outlets require display refrigeration and cold storage systems such as glass-door merchandisers and multi-deck chillers for product freshness and compliance with safety regulations. The growth of specialty shops offering organic and gourmet products further increases demand for advanced refrigeration. E-commerce grocery platforms rely heavily on cold storage to maintain quality during storage and transit.
Structured retail is growing rapidly in India, promoting the adoption of energy-efficient commercial refrigeration systems aimed at reducing operational expenses and enhancing product visibility. Retailers are leveraging modern refrigeration technology to meet consumer expectations and food safety norms. According to the IMARC Group, the Indian retail market is projected to grow at a CAGR of 13.90% during 2024-2032, supporting the commercial refrigeration market expansion.
MARKET GROWTH FACTORS
The India commercial refrigeration market growth is driven by the booming food processing sector, which according to IBEF is expected to reach USD 547.3 billion by 2028, growing at a CAGR of 9.5% from 2023 to 2028. The increased demand for processed and frozen food products leads food manufacturers and restaurants to use advanced refrigeration systems to ensure product safety and quality.
Growing food retailers, hospitality sectors, and cold-chain logistics require reliable temperature-controlled equipment, fueling market demand. Rising food safety standards also promote the adoption of advanced refrigeration technologies. Usage of energy-efficient compressors, eco-friendly refrigerants, and IoT-enabled smart monitoring enhance system efficiency and sustainability, aligning with global environmental goals and operational cost reductions.
The expanding presence of cafes, cloud kitchens, quick-service restaurants, and supermarkets across urban and rural India is creating sustained demand for commercial refrigeration solutions. The rising trend for convenience and organic food products necessitates efficient refrigeration to preserveness and nutritional value, further accelerating market growth through the forecast period of 2025-2033.
For detailed insights, visit the India commercial refrigeration market report page: https://www.imarcgroup.com/india-commercial-refrigeration-market
Market segmentation
Product Type Insights:
REGIONAL INSIGHTS
The report segments the market into North India, South India, East India, and West India. The dominant region is not specifically quantified in the source. The source states regional analysis is included but does not provide distinct market shares or CAGR by region.
Summary: The commercial refrigeration market is analyzed across all major regions of India, including North, South, East, and West India. However, specific regional market dominance or growth percentages are not provided in the source.
RECENT DEVELOPMENTS & NEWS
In April 2024, Blue Star launched a collection of energy-efficient and eco-friendly deep freezers designed to operate in ambient temperatures up to 47°C, serving restaurants, convenience stores, hospitality, and supermarkets in India. The company is also committed to 24/7 customer support, mobile service units, and technical expertise nationwide.
In March 2023, ELANPRO introduced a new line of energy-saving freezers, coolers, and ice machines for the Indian food service sector. This product range aims to create a comprehensive cooling ecosystem tailored for various scales of food and beverage companies and help new businesses in the restaurant and F&B retail space establish themselves.
KEY PLAYERS
ABOUT US
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
CONTACT US
IMARC Group,
134 N 4th St. Brooklyn, NY 11249, USA,
Email: sales@imarcgroup.com,
Tel No: (D) +91 120 433 0800,
United States: +1-201971-6302
STUDY ASSUMPTION YEARS
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
- Current Market Size: USD 2.70 Billion in 2024
- CAGR: 3.30% during 2025-2033
- Forecast Period: 2025-2033
- The market is driven by the expansion of cafes and cloud kitchens requiring commercial refrigeration.
- Growing trend of convenience food items is creating demand for efficient deep freezers in retail stores.
- Increasing applications in the food and beverage industry sustainable market growth.
- Expansion of organized retail chains and e-commerce grocery sites also propels market growth.
- Technological innovations and rising food safety standards encourage advanced refrigeration adoption.
MARKET TRENDS
The rising demand in the food and beverage (F&B) industry offers a favorable outlook for the India commercial refrigeration market. Processed, packaged, and frozen food products are increasing, with food manufacturers and restaurants relying on advanced refrigeration to maintain quality and safety standards. Commercials refrigerator preserve perishables like dairy, meat, seafood, and beverages. The expansion of quick-service restaurants, cafes, and cloud kitchens boosts demand for cold storage units to store ingredients and ready-to-serve meals. Beverage companies depend on refrigeration for soft drinks, juices, and alcoholic beverages. Changing consumer preferences toward fresh and organic products enhance the importance of cold storage.
The expansion of retail channels is a significant driver. Retail chains expanding in urban and suburban areas invest in modern refrigeration technologies to keep perishables fresh. Contemporary outlets require display refrigeration and cold storage systems such as glass-door merchandisers and multi-deck chillers for product freshness and compliance with safety regulations. The growth of specialty shops offering organic and gourmet products further increases demand for advanced refrigeration. E-commerce grocery platforms rely heavily on cold storage to maintain quality during storage and transit.
Structured retail is growing rapidly in India, promoting the adoption of energy-efficient commercial refrigeration systems aimed at reducing operational expenses and enhancing product visibility. Retailers are leveraging modern refrigeration technology to meet consumer expectations and food safety norms. According to the IMARC Group, the Indian retail market is projected to grow at a CAGR of 13.90% during 2024-2032, supporting the commercial refrigeration market expansion.
MARKET GROWTH FACTORS
The India commercial refrigeration market growth is driven by the booming food processing sector, which according to IBEF is expected to reach USD 547.3 billion by 2028, growing at a CAGR of 9.5% from 2023 to 2028. The increased demand for processed and frozen food products leads food manufacturers and restaurants to use advanced refrigeration systems to ensure product safety and quality.
Growing food retailers, hospitality sectors, and cold-chain logistics require reliable temperature-controlled equipment, fueling market demand. Rising food safety standards also promote the adoption of advanced refrigeration technologies. Usage of energy-efficient compressors, eco-friendly refrigerants, and IoT-enabled smart monitoring enhance system efficiency and sustainability, aligning with global environmental goals and operational cost reductions.
The expanding presence of cafes, cloud kitchens, quick-service restaurants, and supermarkets across urban and rural India is creating sustained demand for commercial refrigeration solutions. The rising trend for convenience and organic food products necessitates efficient refrigeration to preserveness and nutritional value, further accelerating market growth through the forecast period of 2025-2033.
For detailed insights, visit the India commercial refrigeration market report page: https://www.imarcgroup.com/india-commercial-refrigeration-market
Market segmentation
Product Type Insights:
- Chest Refrigeration: Refrigeration units designed as chests for storing perishable products in bulk.
- Deep Freezers: Equipment used primarily for freezing food and preserving it over extended periods.
- Bottle Coolers: Cooling units specifically for beverages stored in bottles, ensuring optimal serving temperatures.
- Storage Water Coolers: Devices used for chilling and dispensing drinking water.
- Commercial Kitchen Refrigeration: Refrigeration systems tailored for professional kitchen environments.
- Medical Refrigeration: Specialized refrigeration units for storing medical supplies.
- Others: Other types of refrigeration solutions used commercially.
- Full Service Restaurant, Quick Service Restaurant & Hotels: Commercial refrigeration usage in diverse restaurant and hotel settings.
- Food Processing Industry: Refrigeration solutions applied to the storage and processing of food products.
- Hospitals: Refrigeration units used within hospital premises.
- Retail Pharmacies: Cold storage for pharmaceutical products.
- Supermarket/Hypermarket: Large scale refrigeration for retail supermarkets and hypermarkets.
- Convenience Stores: Smaller retail outlets with cold storage needs.
- Others: Additional end users of commercial refrigeration technologies.
REGIONAL INSIGHTS
The report segments the market into North India, South India, East India, and West India. The dominant region is not specifically quantified in the source. The source states regional analysis is included but does not provide distinct market shares or CAGR by region.
Summary: The commercial refrigeration market is analyzed across all major regions of India, including North, South, East, and West India. However, specific regional market dominance or growth percentages are not provided in the source.
RECENT DEVELOPMENTS & NEWS
In April 2024, Blue Star launched a collection of energy-efficient and eco-friendly deep freezers designed to operate in ambient temperatures up to 47°C, serving restaurants, convenience stores, hospitality, and supermarkets in India. The company is also committed to 24/7 customer support, mobile service units, and technical expertise nationwide.
In March 2023, ELANPRO introduced a new line of energy-saving freezers, coolers, and ice machines for the Indian food service sector. This product range aims to create a comprehensive cooling ecosystem tailored for various scales of food and beverage companies and help new businesses in the restaurant and F&B retail space establish themselves.
KEY PLAYERS
- Blue Star
- ELANPRO
ABOUT US
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
CONTACT US
IMARC Group,
134 N 4th St. Brooklyn, NY 11249, USA,
Email: sales@imarcgroup.com,
Tel No: (D) +91 120 433 0800,
United States: +1-201971-6302