Food consumption patterns have come a long way from preparing a complete meal to opting for frozen food products. India’s frozen food market is derived by the conveniences associated with such food products. Currently, India is viewed as the potential market for the consumption of frozen foods. However, the consumption of such foods is still negligible in the global comparison. This is due to the large population, higher priced foods product, handful of existing players and lower awareness among the consumers. This has posed an opportunity for the prominent global players to explore the market.
According to the report “India Frozen Food Market, Outlook, 2025” the market have grown exponentially with a CAGR of above 19% in volume consumption till the year 2018-19. Snacks and ready meal segments of the market have been generating the highest revenue from the overall market. Kinds of products included in this category are frozen potatoes, frozen snacks, and frozen ready meals which consist of complete veg & non-veg meals, pizza bread, etc. From the overall market, revenue generated from the frozen vegetable segment of the market has been viewed as the fastest. Easiness in getting pre-cut vegetables, clean, high in nutritional content and no added preservatives have been observed as the reasons for the growth of frozen vegetable products.
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In the overall development of the market, organized segment has been playing an important role which has catered to an increasing demand from both residential as well as commercial segments of the market. Developing infrastructure of modern retail stores in every corner of the country has led to the increase in distribution of the frozen food products. On contrary to this in recent years, the traditional stores are getting equipped with advanced freezing technologies as it is allowing them to stock up the frozen food inventory and attract more consumers.
The report shows the increasing demand of these food products from residential as well as from the commercial segment. The report also gives complete insight with historical and forecasted analysis, its sales distribution and the top profiled companies.
The frozen food market has been highly benefitted with the advent of digitization in the retail industry. Currently, frozen food retailers have been slow in shifting towards online retailing, which lowers the opportunity of covering, and reaching consumers. Whereas many have to start to shake up the frozen food, industry with outstanding e-commerce sites that, attract and convert online shoppers. The frozen food market’s latest trend that driving the demand is online grocery shopping and the introduction of a new application that helps the consumer and makes it convenient to pick products according to their preference.
We provide 10% free customization with this report, we have considered the covid-19 effect for the year 2020 and in the forecast period.
Major Companies Present in the market
The key players of the India Frozen Food market are McCain Foods (India) Private Limited, IFB Agro Industries Limited, Mother Dairy Fruit & Vegetable Private Limited, Godrej Tyson Foods Limited, Venky’s (India) Limited, Tanvi foods, Innovative Foods Limited, ITC Limited, West Cost Fine Foods Private Limited, Gadre Marine Export Private Limited, Vadilal Industries Limited, Al Kabeer Exports Private Limited, Darshan Foods Private Limited.
Considered in this report
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The following aspects are covered in the report “India Frozen Food Market Outlook, 2025“
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