Indian Frozen Foods Market

Indian Frozen Foods Market Overview:

The Indian frozen foods market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. The Indian frozen foods market has been witnessing significant growth, primarily driven by various market drivers such as changing consumption patterns, increasing disposable incomes, and the growing retail infrastructure. The nation's burgeoning middle class, armed with increased purchasing power, is adopting lifestyles that demand convenience and variety, hence turning to frozen foods as a viable option for meals. Moreover, a shift in consumer perception has also been observed where frozen food is no longer associated solely with processed junk food. This is largely due to increased awareness about various brands offering high-quality, nutritious frozen food options.

On the trend front, the market is driven by the increasing demand for ready-to-eat and ready-to-cook frozen food products. With changing lifestyles and nuclear family structures, the need for easy-to-cook and less time-consuming food options is gaining traction. Furthermore, health and wellness trends are influencing the frozen food sector as more brands are focusing on introducing products that are not just convenient but also healthy. As a result, an increase in the frozen fruits and vegetables segment is visible. Additionally, the advent of technology in retail like e-commerce platforms and direct-to-consumer channels have provided an added impetus to the market, extending the reach of frozen food products to tier 2 and tier 3 cities as well. The surge in online grocery shopping is also a key trend stimulating the growth of the frozen food sector in India.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the Indian frozen foods market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the Indian frozen foods market in North India, East India, West and Central India, South India. For each of these regions, the report studies the Indian frozen foods market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the Indian frozen foods market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the Indian frozen foods market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the Indian frozen foods market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the Indian frozen foods market industry. Furthermore, the value chain analysis of the Indian frozen foods market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

Indian Frozen Foods Market Segment Insights:

The Indian frozen foods market has been analysed as followed:

By Product Type:

• Frozen Vegetable Snacks
• Frozen Fruits and Vegetables
• Frozen Meat Products

Competative Landscape: 

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of the leading players operating in the market are:

• McCain Foods
• Venky’s
• Mother Dairy
• Godrej Tyson Ltd.
• Al Kabeer Group
• Innovative Foods (Sumeru)

Highlights of the Indian Frozen Foods Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customisation:

The Indian frozen foods market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs