Dublin, May 07, 2021 (GLOBE NEWSWIRE) -- The "India Frozen Food Market by Segments, End Users, Regions, Company Analysis, Forecast" report has been added to ResearchAndMarkets.com's offering.
India Frozen Food Market is expected to continue its growth trajectory in the forecast period, and its market will be US$ 3.1 Billion by 2026, from US$ 1.1 Billion in 2020.
Years ago, India was known for only French fries and basic frozen vegetables. But in the span of 5 to 10 years frozen food industry in India has completely revolutionized. With the evolution of Modern retail outlets like Food Bazaar, DMart, Spencers, and online grocery stores like Big Basket, Groffers frozen food industry in India is witnessing a positive growth.
Frozen food consists of frozen fruits, vegetables, fish & marine produce, meat, ready meals, bakery products, soups, and appetizers that provide domestic consumption and export opportunities. India's frozen food industry is at a nascent stage and expected to surge rapidly. Also, freezing expands the shelf life of foods like fish, seafood, vegetables, and fruits while keeping their nutrition intact and wholesomeness alive. That provides an opportunity to stabilize the price in the market.
The surging number of Farmer Producer Organisations, solar-based refrigeration technologies, freezing and chilling facilities would boost the values of the farmers in India. Besides, for more than two decades, government agencies like the Ministry of food and Processing (MOFPI) have taken several steps to boost cold chain manufacturing & infrastructure facilities and continue to do so, like incentives and numerous schemes for the growth of this market.
India Frozen Food Growth Trends will be in double-digit CAGR due to all these factors. It is expected to grow with a CAGR of 18.85% from 2020-2026.
Factors Driving the Frozen Food Industry in India
- Due to changing lifestyle, there is considerable growth in customer penchant towards convenience foods, which indirectly favors frozen products' rising demand, since it requires much less time and effort than regular cooking.
- India has witnessed a significant surge in the number of employed women in recent years. With the growth in the number of working women, it becomes considerably tricky for them to cook meals, which results in consuming frozen ready meals.
- With the introduction of organized retail stores, there has been growth in the freezers and cold storage section.
Key Topics Covered:
1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. India Frozen Market
6. Market Share
6.1 By Segments
6.2 By End Users
6.3 By Regions
7. Segment - India Frozen Food Market
7.1 Frozen Meat
7.2 Frozen Ready Meals
7.3 Frozen Fish/Seafood
7.4 Frozen Bakery Products
7.5 Frozen Potato Products
7.6 Frozen Pizza
7.7 Others Frozen Food
8. End User - India Frozen Food Market
8.1 Retailers
8.2 Food Service Providers (Restaurants, Cafeterias, Hotels)
9. Regions - India Frozen Food Market
9.1 North Region
9.2 West Region
9.3 South Region
9.4 East Region
10. Company Analysis
10.1 Mother Dairy Fruit & Vegetable Pvt. Ltd.
10.1.1 Company Overview
10.1.2 Recent Developments
10.2 McCain Foods
10.2.1 Company Overview
10.2.2 Recent Developments
10.3 Al Kabeer Group
10.3.1 Company Overview
10.3.2 Recent Developments
10.4 Apex Frozen Food
10.4.1 Company Overview
10.4.2 Recent Developments
10.5 Venky's (India) Limited
10.5.1 Company Overview
10.5.2 Recent Developments
10.6 Darshan Foods Pvt. Ltd.
10.6.1 Company Overview
10.6.2 Recent Developments
10.7 Innovative Foods (Sumeru)
10.7.1 Company Overview
10.7.2 Recent Developments
10.8 Temptation Food
10.8.1 Company Overview
10.8.2 Recent Developments
For more information about this report visit https://www.researchandmarkets.com/r/5mc269