Frozen foods market in India estimated at INR 42.7 billion in 2021, expected to grow to INR 93.8 billion by 2025, at CAGR of around 17% during 2020 to 20251. The frozen food market, which includes frozen snacks, frozen fruits & vegetables, frozen meat, poultry & seafood, and frozen meals, experienced faster growth during past five years. The growth is fueled by considerable growth in the number of millennial consumers among the semi-urban and urban markets opting for convenience food, giving rise to the acceptance of frozen food in India. In recent years, India has witnessed a surge in the number of employed women, resulting in a growing demand for convenient formats including frozen meals. Expansion in modern retail outlets and a surge in online retailing has further boosted the growth of frozen food sales. Frozen meat, seafood and vegetables hold more than 85% of the frozen food market in India. The consumer preference for frozen potato fries and nuggets is driving the frozen snack segment. The frozen food market is highly consolidated, with fewer players dominating the frozen food market and the top four companies accounting for more than 50% share in the retail segment. The key players are Mother Dairy Fruits and Vegetable, Al Kabeer, Venky’s India, Innovative Foods, Darshan Foods and McCain Foods India.
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