India Frozen Food Market by Segments, Companies, Forecast By 2026

ROSWELL, Ga. - April 23, 2021 - PRLog -- Years ago, India was known for only French fries and basic frozen vegetables. But in the span of 5 to 10 years frozen food industry in India has completely revolutionized. With the evolution of Modern retail outlets like Food Bazaar, DMart, Spencers, and online grocery stores like Big Basket, Groffers frozen food industry in India is witnessing positive growth. According to Renub Research, India Frozen Food Market is expected to continue its growth trajectory in the forecast period, and its market will be US$ 3.1 Billion by 2026.

Frozen food consists of frozen fruits, vegetables, fish & marine produce, meat, ready meals, bakery products, soups, and appetizers that provide domestic consumption and export opportunities. India's frozen food industry is at a nascent stage and expected to surge rapidly. Also, freezing expands the shelf life of foods like fish, seafood, vegetables, and fruits while keeping their nutrition intact and wholesomeness alive. That provides an opportunity to stabilize the price in the market. The market size of India Frozen Food Industry was valued at US$ 1.1 Billion in 2020.

The surging number of Farmer Producer Organisations, solar-based refrigeration technologies, freezing and chilling facilities would boost the values of the farmers in India. Besides, for more than two decades, government agencies like the Ministry of food and Processing (MOFPI) have taken several steps to boost cold chain manufacturing & infrastructure facilities and continue to do so, like incentives and numerous schemes for the growth of this market. We believe India Frozen Food Growth Trends will be in double-digit CAGR due to all these factors. It is expected to grow with a CAGR of 18.85% from 2020-2026.

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Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/india-frozen-food-market-p.php