DUBLIN--(BUSINESS WIRE)--The "Indian Frozen Foods Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The Indian frozen foods market reached a value of around INR 74 Billion in 2018. The market is further projected to reach a value INR 188 Billion by 2024, expanding at a CAGR of around 17% during 2019-2024.
This report provides a deep insight into the Indian frozen foods market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc.
The market for frozen foods has been gaining traction in India owing to their convenience as they do not need any additional preparation and culinary expertise. Moreover, frozen food products, especially frozen snacks, offer enhanced palatability as compared to their home-cooked counterparts.
Another reason for the increasing demand for frozen foods in India is the fact that these products are available year-round regardless of the season. Furthermore, end-users can buy these products through various distribution channels such as supermarkets and hypermarkets, convenience stores, departmental stores, etc.
Improving living standards in confluence with rising disposable incomes have driven the growth of the market. Moreover, India's working population is preferring convenient food products that offer less meal preparation time and ease of consumption.
Rising urbanization has resulted in the growth of the organized retail sector in India. These modern grocery and food stores are equipped with cold chain facilities which have led to the availability of a variety of frozen food products in the market.
India's large young population and influence of western food culture have changed their food habits and lifestyles, in turn, augmenting the demand for frozen food products in the region.
In order to expand their consumer-base, manufacturers are constantly coming up with new product variants, such as frozen fruits and vegetables, frozen snacks, frozen poultry, meat and seafood products, frozen ready-to-eat meals, etc.
India's booming e-commerce sector has further propelled the growth of the market. Online platforms offer high product visibility and product listing at nominal costs in comparison to traditional retail platforms, thereby facilitating greater market penetration of frozen food products in India.
Breakup by Product
On the basis of product type, the market has been segmented into frozen vegetable snacks, frozen meat products and frozen fruits and vegetables. Among these, frozen vegetable snacks hold the largest market share.
Based on region, the market has been segmented into West and Central India, North India, South India and East India. Amongst these, North India accounts for the biggest share in the market.
The competitive landscape of the market has been examined with some of the key players being:
- McCain Foods
- Mother Dairy
- Godrej Tyson Ltd.
- Hyfun Foods
- Al Kabeer Group
Innovative Foods (Sumeru)
2 Scope and Methodology
2.1 Objectives of the Study
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology
2.6 Study Assumptions
3 Executive Summary
4.2 Key Industry Trends
5 Indian Frozen Foods Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Product Type
5.4 Market Breakup by Region
5.5 Market Forecast
5.6 SWOT Analysis
5.7 Value Chain Analysis
5.8 Porters Five Forces Analysis
5.9 Competitive Landscape
6 Indian Frozen Vegetable Snacks Market
6.1 Market Overview
6.2 Market Performance
6.3 Market Breakup by Product Type
6.4 Market Breakup by Distribution Channel
6.5 Market Forecast
6.6 Market Share of Key Players
7 Indian Frozen Vegetables and Fruits Market
7.1 Market Overview
7.2 Market Performance
7.3 Market Breakup by Category
7.4 Indian Frozen Vegetables Market
7.5 Indian Frozen Fruits Market
7.6 Market Forecast
8 Indian Frozen Meat Products Market
8.1 Market Overview
8.2 Market Performance
8.3 Market Breakup by Product Type
8.4 Market Forecast
For more information about this report visit https://www.researchandmarkets.com/r/lcn9aw