Indian Frozen Foods Market to Reach INR 561.6 Billion by 2032, Propelled by the Significant Advancements in Freezing Technology
The latest report by IMARC, titled “Indian Frozen Foods Market Report by Product Type (Frozen Vegetable Snacks, Frozen Fruits and Vegetables, Frozen Meat Products) 2024-2032”, finds that the Indian frozen foods market size reached INR 167.3 Billion in 2023. Frozen foods refer to food products that have been processed and stored at very low temperatures to extend their shelf life. The process of freezing food involves rapidly reducing its temperature to a point where it is completely frozen, which helps to preserve its nutrients, texture, and flavor. Frozen foods are typically sold in pre-packaged form and can be found in supermarkets and grocery stores. In recent years, frozen foods have gained traction in India as these products are available year-round regardless of the season.
Indian Frozen Foods Market Trends:
One of the primary factors driving the market is the increasing number of individuals entering into the workforce, along with the hectic lifestyles led by them. Additionally, frozen foods offer consumers with the convenience of having ready-to-eat meals or ingredients that can be quickly prepared at home without any additional preparation and culinary expertise, thus creating a positive market outlook. Other than this, the longer shelf life of these food items as compared to fresh foods, is positively influencing the market growth, as they allow consumers to stock up on food items. Besides this, manufacturers are focusing on introducing frozen foods with added minerals, vitamins, and fiber to appeal to the health-conscious consumers who opt for a balanced diet. In line with this, a wide variety of frozen food products are available in the market, such as frozen vegetables and fruits, meat, seafood, pizzas, and ice creams, along with international cuisines and specialty products, which are catalyzing the market growth. Furthermore, significant advancements in the freezing technology are making it easier to preserve the flavor, quality, and texture of frozen foods. Other growth-inducing factors include, expanding disposable income levels of the masses, easy availability of these products through offline as well as online retail channels, and extensive research and development (R&D) activities by key players to expand their consumer base. Looking forward, IMARC Group expects the market value to reach INR 561.6 Billion by 2032, expanding at a CAGR of 14% during the forecast period (2024-2032).
Market Summary:
- On the basis of the product type, the market has been divided into frozen vegetable snacks, frozen fruits and vegetables, and frozen meat products. Currently, frozen vegetable snacks hold the largest market share.
- The competitive landscape of the market has also been analyzed, with some of the key players being McCain India Pvt Limited, Venky’s (India) Limited, Mother Dairy Fruit and Vegetable, Godrej Tyson Foods Limited, AI Kabeer Group, and Innovative Foods Limited (Sumeru).
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | INR Billion |
| Segment Coverage | Product Type |
| Companies Covered | McCain India Pvt Limited, Venky’s (India) Limited, Mother Dairy Fruit and Vegetable, Godrej Tyson Foods Limited, Al Kabeer Group and Innovative Foods (Sumeru) |
| Customization Scope | 10% Free Customization |
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| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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