India Frozen Food Market to Grow at 16% CAGR by 2023

Increasing number of modern retail chains, longer shelf life and easy availability of frozen food products, growth of fast food chains, and aggressive marketing strategies to drive India frozen food market through 2023

According to TechSci Research report, “India Frozen Food Market By Organized vs Unorganized Sector, By Product Type, Competition Forecast & Opportunities, 2013-2023”, frozen food market in India is projected to grow at a CAGR of more than 16% during 2018 - 2023, backed by rapid development of fast food chains and aggressive marketing strategies by major frozen food manufacturers. Rapid urbanization, changing lifestyles and expanding working population is also anticipated to fuel the country’s frozen food market during forecast period. According to the World Bank, GDP per capita in India increased to around $ 1,709 in 2016 from $ 1,452 in 2013. Rising GDP is resulting in higher disposable income of consumers, especially in metros, Tier I and Tier II cities, which is boosting the sales of frozen food products in the country.

Browse 14 market data Tables and 43 Figures spread through 93 Pages and an in-depth TOC on "India Frozen Food Market"

https://www.techsciresearch.com/report/india-frozen-food-market-by-product-type-frozen-snacks-frozen-fruits-and-vegetables-frozen-meat-poultry-and-seafood-and-others-by-organized-vs-unorganized-competition-forecast-and-opportunities/819.html

 McCain, Godrej Tyson, Venky’s, Darshan Foods, National Dairy Development Board (Mother Dairy), Al Kabeer Exports and Innovative Foods are some of the leading players operating in India frozen food market. Frozen snacks segment accounts for the largest share in the country’s frozen food market, backed by the availability of a wide variety of products in the segment. In 2017, North India emerged as the major revenue generator in India frozen food market due to robust growth in employment opportunities and rising working population in the region. Several leading market players are also increasing their focus on offering frozen food products keeping in mind the taste and preferences of consumers in a specific region.

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“Frozen food market in India is growing at a robust pace as these food products have high nutritional value, are easy to cook and don’t contain preservatives. Moreover, frozen food companies are investing in implementing marketing strategies and introducing new products in innovative packaging in order to promote benefits and create awareness about frozen food products. All these factors, coupled with rising urbanization and increasing disposable income are expected to drive the market for frozen food products in India in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India Frozen Food Market By Organized vs Unorganized Sector, By Product Type, Competition Forecast & Opportunities, 2013-2023” has evaluated the future growth potential of frozen food market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in India frozen food market.

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