Frozen Food Market in India by Product and Distribution Channel - Forecast and Analysis 2022-2026

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR71519
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The frozen food market share in India is expected to increase by USD 1.36 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 14.67%.

This frozen food market research report of India provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (ready to cook and ready to eat) and distribution channel (online and offline). The frozen food market report of India also offers information on several market vendors, including Apex Frozen Foods Ltd., Godrej and Boyce Manufacturing Co. Ltd., HyFunFoods Pvt. Ltd., Innovative Foods Ltd., ITC Ltd., McCain Foods Ltd., Mother Dairy Fruit & Vegetable Pvt. Ltd., Top Fresh International Pvt. Ltd., Vadilal Industries Ltd., and VH Group among others.

What will the Frozen Food Market Size in India be During the Forecast Period?

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Frozen Food Market in India: Key Drivers and Trends

The growing desire for convenience is notably driving the frozen food market growth in India, although factors such as distribution challenges may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the frozen food industry in India. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Frozen Food Market Driver in India

The growing desire for convenience will fuel the growth of the frozen food market size in India during the forecast period. The increasingly hectic lifestyles of consumers make them prefer ready-to-eat meals, which can reduce the preparation or cooking time and clean-up time. Convenience is a key factor that is frequently considered by frozen food vendors to increase the relevance of their products to consumers, as the majority of consumers look for convenience when opting for any packaged product. With advancements in refrigeration techniques, a rising number of single-person and smaller households, and a rising number of working women, the demand for convenience foods like frozen food is increasing. Moreover, frozen food vendors offer convenience in terms of handling and preparation and provide a broad range of options in terms of flavors and recipes in desired portions or sizes. 

Key Frozen Food Market Challenge in India

The distribution and cold storage of frozen food products are key challenges that may hinder the growth of the frozen food market in India during the forecast period. The lack of adequate refrigerated transportation and cold storage facilities across India can affect the growth of the market during the forecast period. Vendors in the market rely on cold chain logistics providers to support them in ensuring the proper distribution and storage of frozen food products. The lack of sufficient cold storage warehousing options in some of the areas will prove to be a challenge for the players in the market during the forecast period. 

This frozen food market analysis report of India also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Frozen Food Market Vendors in India?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Apex Frozen Foods Ltd.
  • Godrej and Boyce Manufacturing Co. Ltd.
  • HyFunFoods Pvt. Ltd.
  • Innovative Foods Ltd.
  • ITC Ltd.
  • McCain Foods Ltd.
  • Mother Dairy Fruit & Vegetable Pvt. Ltd.
  • Top Fresh International Pvt. Ltd.
  • Vadilal Industries Ltd.
  • VH Group

 

This statistical study of the frozen food market in India encompasses successful business strategies deployed by the key vendors. The frozen food market in India is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The frozen food market forecast report of India offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

What are the Revenue-generating Product Segments in the Frozen Food Market in India?

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The frozen food market share growth in India by the ready-to-cook segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the frozen food market size in India and actionable market insights on post COVID-19 impact on each segment.

 

Frozen Food Market Scope in India

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 14.67%

Market growth 2022-2026

$ 1.36 billion

Market structure

Fragmented

YoY growth (%)

10.40

Regional analysis

India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Apex Frozen Foods Ltd., Godrej and Boyce Manufacturing Co. Ltd., HyFunFoods Pvt. Ltd., Innovative Foods Ltd., ITC Ltd., McCain Foods Ltd., Mother Dairy Fruit & Vegetable Pvt. Ltd., Top Fresh International Pvt. Ltd., Vadilal Industries Ltd., and VH Group

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Frozen Food Market Report of India?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive frozen food market growth in India during the next five years
  • Precise estimation of the frozen food market size in India and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of frozen food market vendors in India 

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Five forces analysis 2021 & 2026
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Ready to cook - Market size and forecast 2021-2026
    • Ready to eat - Market size and forecast 2021-2026
    • Market opportunity by Product

    Market Segmentation by Distribution channel

    • Market segments
    • Comparison by Distribution channel
    • Online - Market size and forecast 2021-2026
    • Offline - Market size and forecast 2021-2026
    • Market opportunity by Distribution channel

    Customer landscape

    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Apex Frozen Foods Ltd.
    • Godrej and Boyce Manufacturing Co. Ltd.
    • HyFunFoods Pvt. Ltd.
    • Innovative Foods Ltd.
    • ITC Ltd.
    • McCain Foods Ltd.
    • Mother Dairy Fruit & Vegetable Pvt. Ltd.
    • Top Fresh International Pvt. Ltd.
    • Vadilal Industries Ltd.
    • VH Group

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
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    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
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    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The frozen food market growth will increase by $1359.71 million during 2021-2026.
    The frozen food market is expected to grow at a CAGR of 14.67% during 2021-2026.
    Technavio has segmented the frozen food market by product (Ready to cook and Ready to eat) ,distribution channel (Online and Offline) , and geographic (APAC).
    Apex Frozen Foods Ltd., Godrej and Boyce Manufacturing Co. Ltd., HyFunFoods Pvt. Ltd., Innovative Foods Ltd., ITC Ltd., McCain Foods Ltd., Mother Dairy Fruit & Vegetable Pvt. Ltd., Top Fresh International Pvt. Ltd., Vadilal Industries Ltd., VH Group are a few of the key vendors in the frozen food market.
    APAC will register the highest growth rate of NaN% among the other regions. Therefore, the frozen food market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the frozen food market growth are:
    • Growing desire for convenience
    The frozen food market vendors should focus on grabbing business opportunities from the ready to cook segment as it accounted for the largest market share in the base year.
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