Sea Food Processing, Packaging and Store in Cold Storage Business as a Profitable Venture

Cold storage is one such device that is used in order to preserve food and prevent it from getting spoiled. Thus, cold storage is used to store and preserve those foods which are perishable, consequently preventing any kind of loss or waste of food. The main areas of functioning of cold storage are packaging and cooling of fresh food items, processing of food, short-term or long – term warehousing of frozen food and controlled temperature distribution, and even in the marketing of food in both wholesale as well as retail market and foodservice operations. These cold storages store a wide variety of seafood like prawn, squid, and many other fish varieties and also contribute to their processed, wholesale export, and retail value chain activities in many developing countries.

Why Sea Food Processing, Packaging, and Store in Cold Storage a Good Business Option?

Seafood, when freshly caught, has a good eating quality, which eventually deteriorates every passing day making it unhealthy and unfit for consumption. This calls for careful handling and maintenance of this seafood. The seafood cold chain industry pounces into action here and ensures proper packaging and storage of the seafood in the cold storage, maintaining an optimal temperature so that the seafood is preserved and not spoiled. Moreover, the cold chain in the seafood industry extends to warehouse cold storage, transient storage express, refrigerated transportation through road, rail, air, and water. The CGAR of the seafood industry accounted to be 6 % and is in the process of expanding further.

The market size of the cold chain is estimated to be USD 233.8 billion in the year 2020 and grow to a rate of USD 340.3 billion by the year 2025, with a CGAR of 7.8 %. This indicates the high demand for cold storage from people around the globe. It can be predicted that the possible reason for rapid growth in the seafood cold chain industry is not merely the advancement of newer technology but also the spread of awareness and the wide acceptance of cold storage due to its amazing qualities of the seafood cold storage including the amazing feature of preventing the perishing of these foods, along with its feature of preventing the spoiling of the seafood.

When it comes to seafood, it is obvious that these protein-rich foods are perishable and can spoil with time. An important aspect contributing to cold storage in the seafood industry was that due to the outbreak of the COVID – 19 pandemic, the demand for these cold storage has increased. The cold storage for seafood has now developed and converted into a modified version of cold storage which is a cold chain. Among all other countries in the world, Asian countries such as India, China, Japan, and Australia, have contributed the most to the cold storage market, resulting in an increase in CGAR by 13.1 %. This means that the Asian countries have made the cold storage industry for seafood the fastest-growing as well as the largest market. The wide recognition of the benefits of using cold storage for seafood has indicated a high demand for cold storage services, thus, making it a high demand industry.

Related Videos:- Meat and Fish Processing Projects

Conclusion

The project report by NPCS on the cold storage industry of the kinds of seafood has been made by providing all the essential details about the cold storage market. The project reports by NPCS clarifies all the doubts about the cold storage for the seafood market and estimated future scenario in this market as well as the current developments of this industry too.

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Annexure 1:: Cost of Project and Means of Finance
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Annexure 14 :: Product wise domestic Sales Realisation	Annexure 15 :: Total Raw Material Cost
Annexure 16 :: Raw Material Cost per unit	Annexure 17 :: Total Lab & ETP Chemical Cost
Annexure 18 :: Consumables, Store etc.,	Annexure 19 :: Packing Material Cost
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