Indian Frozen Foods Market Overview:
According to the latest report by IMARC Group, titled “Indian Frozen Foods Market Research Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the Indian frozen foods market reached a value of INR 124.06 Billion in 2021. Looking forward, IMARC Group expects the market to reach INR 306.61 Billion by 2027, exhibiting at a CAGR of 16.2% during 2022-2027. Frozen food refers to food products that are pre-cooked and preserved at cold temperatures and kept frozen until used. They consist of frozen snacks, vegetables, meat, fruits, ready-to-eat (RTE) meals and seafood products. Flash freezing and mechanical freezers are two of the most common freezing methods deployed for frozen foods. Frozen foods contain crystalline ice within freeze-concentrated solids that aid in enhancing the shelf life of the products, while retaining and preserving the nutritional value of the item. Apart from this, they offer enhanced portability, sustainability and a wide variety of seasonal products all year round, irrespective of their natural availability. As a result, frozen foods are placed inside a laminated pouch and are packaged through a vacuum before sealing.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic.
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Indian Frozen Foods Market Trends:
The increasing popularity of fast-food products across the country is one of the key factors driving the growth of the market. Frozen foods are widely adopted, particularly among the millennial population, and are extensively served in cafes, fast-food chains and restaurants as snacks and side orders. In line with this, the shifting consumer inclination toward RTE and convenience food products due to their busy schedules and hectic lifestyles is also favoring the market growth.
This is further supported by rising health consciousness and the shifting inclination of consumers toward frozen food ingredients as they assist in minimizing overall cooking time. Apart from this, the introduction of frozen fruits, vegetables, and poultry made with high-quality exotic ingredients and packaged with sustainable packaging solutions is providing a thrust to the market growth.
Additionally, the evolving lifestyles and eating habits of the consumers, along with the rising influence of western food culture are positively impacting the market growth. Other factors, including the growing e-commerce sector, increasing expenditure capacities of consumers and easy availability of a variety of frozen food products across both online and offline retail channels, are anticipated to drive the market further toward growth.
India Frozen Foods Market 2022-2027 Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the market has been examined with some of the key players being:
- McCain Foods
- Venky’s
- Mother Dairy
- Godrej Tyson Ltd.
- Hyfun Foods
- Al Kabeer Group
- Innovative Foods (Sumeru)
Our report has categorized the market based on product type.
Market Breakup by Product Type:
- Frozen Vegetable Snacks
- Meat Products
- Fruits and Vegetables
Market Breakup by Region:
- West and Central India
- North India
- South India
- East India
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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