According to the latest report by IMARC Group, titled “India Frozen Foods Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the Indian frozen foods market reached a value of INR 105.6 Billion in 2020. Looking forward, IMARC Group expects the Indian frozen foods market to exhibit strong growth during 2021-2026.
Frozen food includes fruits, vegetables, snacks, and meat products. Its utilization provides ease in preparation and enhanced convenience to the consumers. It offers improved palatability as compared to other home-cooked food products. Consumers can easily purchase these frozen food products online as well as offline from convenience stores, departmental stores, supermarkets, and other retail outlets.
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Indian Frozen Foods Market Trends:
The market in India is primarily driven by the increasing demand for convenience food. This, along with the hectic schedule and improving living standards of the consumers, is providing a boost to the market growth. Besides this, the rapid expansion of retail outlets and online distribution channels is creating a positive outlook for the market. Additionally, the rising popularity of western food products that are readily available in frozen forms across the country and the changing dietary patterns of the consumers are creating a positive outlook for the market. Other factors, including rapid urbanization and inflating disposable income levels, are also providing an impetus to market growth.
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)
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India Frozen Foods Market 2021-2026 Analysis and Segmentation:
Market Breakup by Product Type:
- Frozen Vegetable Snacks
- Frozen Meat Products
- Frozen Fruits and Vegetables
Currently, frozen vegetable snacks account for the majority of the total market share.
Market Breakup by Region:
- West and Central India
- North India
- South India
- East India
Amongst these, North India holds the leading market share.
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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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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