India Frozen Food Market Overview, 2020-2025

The Indian market has been witnessing the entry of many brands offering many novel products across various processed food categories. The market is expanding, while consumers are becoming more convenience-driven. In this scenario, one segment, which has evolved significantly among all the processed food categories, is frozen food. With many newer brands entering, frozen food market is ready to face an increase in competition. Frozen products are slated for deeper market penetration with the entry of more players and brands. The variety of packaged frozen food is growing, thus helping the young ones in the quest for novelty. Entry and expansion of international retail chains like McDonald's, Pizza Hut, Dominos, and many more have opened up the market and led new frozen food players to enter the market. The report titled “India Frozen Food Market, By Value, By Volume, By Product Type (Frozen Vegetable, Frozen Snacks & Ready Meals, Frozen Seafood, Frozen Meat & Poultry), Overview, 2020-2025” provides the segmental analysis of frozen food categories with its historical and forecasted analysis along with the profile of top-performing companies. The frozen food market in India is prominently driven by the segments namely frozen vegetables and frozen snacks & ready meals. Apart from these dominating segments, preference towards frozen meat and seafood products has increased owing to the freshness of the products along with its growing availability through retail segments. Both of these segments combine have generated a revenue of over INR 1200 Crore in the year 2018-19. The commercial segment of the market acts as a major catalyst in the growth of the frozen meat & seafood segment. The commercial segment is generating more than 70% revenue of each frozen meat and seafood product. This revenue share is expected to observe declining phases as the companies are focused expanding their business into the residential segment of the market by upgrading their distribution network. An increase in the involvement of independent and convenient stores with better-equipped freezing technologies is providing a driving force to the market. The improved distribution network is making the products available to a large consumer base and helping the residential consumption to grow at a faster rate as compared to commercial consumption. Some of the major companies present in intensifying the competition in the frozen food market are McCain Foods (India) Private Limited, IFB Agro Industries Limited, Mother Dairy Fruit & Vegetable Private Limited, Godrej Tyson Foods Limited, Venky's (India) Limited, Tanvi foods. Considered in the report • Geography: India • Base year: 2018-19 • Historical year: 2013-14 • Estimated year: 2019-20 • Forecasted year: 2024-25 Aspects discussed in the report • Global Frozen Food Market Outlook • India Frozen Food Market Outlook • India Frozen Food Market Share (Company, Product Type, End-User, Organized V/S Unorganized, Sales Channel, Regional Analysis) • India Frozen Vegetable Market Outlook • India Frozen Snacks & Ready Meal Market Outlook • India Frozen Meat & Poultry Market Outlook • India Frozen Seafood Market Outlook • India Economic Profile • Company Profile Of Top Players The key segment in the report • Frozen Vegetable • Frozen Snacks & Ready Meals • Frozen Seafood • Frozen Meat & Poultry Products The approach of the report: We keep an eye on evolving markets and try to evaluate the potentials in the product and services. If we found the market interesting, we start working on it and create the desired table of content considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personals, company owners, dealers, distributors & end-users. Once the questionnaires have been finalized we start collecting the primary data (majorly through phone calls) and try to understand the market dynamics with regional/tier wise. This process gives us in-depth detail of the market including all present companies, the top-performing product with reasons why they dominate; we get the details of new players and their innovative approach and market trends, dynamics, and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. By this, we get a rough estimate of the market and start checking existing product price variant, trade, production, raw material scenario, policies and regulatory landscape, etc. Then to finalize the market, we start collecting financials of each player present in the market including limited, private limited, and LLPs. Moreover, we perform cross-industry, cross-region analysis of the product, and based on collected primary inputs and using statistical modeling we start forecasting the market. We follow our forecasting algorithm which is unique for each product but giving more weightage to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, and PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together cross-check the segmentations, validates the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in strategic recommendations’ for new as well as the existing players. The QC team then checks the overall report which includes spell check, data verification and makes the same dispatch ready and error-free. Keywords: Global, India, Frozen, Food, Vegetables, Fruit, Meat, Poultry, Seafood, Snacks, Ready Meals, McCain, Itc, agro, Residential, Commercial, Organized, Unorganized, Modern Retail, Specialized, Online