DUBLIN, March 12, 2024 /PRNewswire/ — The “Indian Frozen Foods Market Report by Product Type (Frozen Vegetable Snacks, Frozen Fruits and Vegetables, Frozen Meat Products) 2024-2032” report has been added to ResearchAndMarkets.com’s offering.
The study offers an in-depth look at product types, including frozen vegetable snacks, frozen fruits and vegetables, and frozen meat products, and explores key market drivers, trends, and the competitive landscape from 2024 to 2032.
This detailed report highlights the growth of the Indian frozen foods market, which reached INR 167.3 billion in 2023, forecasted to expand to INR 561.6 billion by 2032. Key drivers influencing this growth include rapid urbanization, increased disposable incomes, evolving lifestyle changes, and advancements in cold chain infrastructure.
Indian Frozen Foods Market Trends: Urbanization and Technological Advances Fueling Growth
The surge in consumer demand for convenience foods, propelled by a fast-paced lifestyle and a growing middle class, is a significant trend impacting the Indian frozen foods market. As the country continues to urbanize, the need for quick meal solutions is driving the increased purchase of frozen food products, complemented by advancements in the cold chain sector enhancing the market appeal.
- Frozen Vegetable Snacks: Dominating Market Share
- Frozen Fruits and Vegetables: Sustained Popularity
- Frozen Meat Products: Significant Consumer Demand
Among the segments, frozen vegetable snacks currently command a leading position in the market, thanks to a surge in health-conscious consumers and environmental awareness prompting a shift towards plant-based diets.
Competitive Analysis: Robust Mix of Market Players
The competitive arena of the Indian frozen foods market is vibrant with a mix of both well-established players and new entrants. Companies such as McCain India Pvt Limited, Venky’s (India) Limited, and Mother Dairy Fruit and Vegetable are among the key players competing in this dynamic space. The report provides a deep dive into the strategies, product offerings, and market positioning of the industry’s major incumbents and emerging challengers.
Moreover, the advancement of e-commerce and digital platforms has also had a profound impact on the market, facilitating the introduction of innovative distribution channels and private-label products that enhance competitive intensity.
Impactful Market Factors and Projections
The report identifies numerous factors leading to market expansion, including economic growth, technological innovations in cold storage, and government policies aimed at developing the food processing industry. Additionally, it addresses the impact of the COVID-19 pandemic on the Indian frozen foods market and its recovery trajectory.
In conclusion, the Indian frozen foods market report offers valuable insights for stakeholders, investors, and market participants, outlining opportunities, challenges, and strategic actions to capitalize on market trends.
Companies Mentioned
- McCain India Pvt Limited
- Venky’s (India) Limited
- Mother Dairy Fruit and Vegetable
- Godrej Tyson Foods Limited
- Al Kabeer Group
- Innovative Foods (Sumeru)
For more information about this report visit https://www.researchandmarkets.com/r/hyp8y4
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