India Frozen Food Market Size & Outlook, 2023-2030
India frozen food market, 2018-2030 (US$M)
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India frozen food market highlights
- The India frozen food market generated a revenue of USD 11,028.7 million in 2023 and is expected to reach USD 19,170.3 million by 2030.
- The India market is expected to grow at a CAGR of 8.2% from 2024 to 2030.
- In terms of segment, frozen desserts was the largest revenue generating product in 2023.
- Fruits & Vegetables is the most lucrative product segment registering the fastest growth during the forecast period.
Frozen food market data book summary
| Market revenue in 2023 | USD 11,028.7 million |
| Market revenue in 2030 | USD 19,170.3 million |
| Growth rate | 8.2% (CAGR from 2023 to 2030) |
| Largest segment | Frozen desserts |
| Fastest growing segment | Fruits & Vegetables |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fruits & Vegetables, Potatoes, Ready Meals, Meat, Fish/Seafood, Frozen Desserts, Bakery Products |
| Key market players worldwide | Nestle SA, Unilever PLC ADR, General Mills Inc, Nomad Foods Ltd, Tyson Foods Inc Class A, Conagra Brands Inc, Wawona Frozen Foods, Bellisio Foods, Kellogg's, Kraft Foods Group |
Other key industry trends
- In terms of revenue, India accounted for 2.3% of the global frozen food market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China frozen food market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 19,170.3 million by 2030.
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Frozen Food Market Scope
Frozen Food Market Companies
| Name | Profile | # Employees | HQ | Website |
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India frozen food market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to frozen food market will help companies and investors design strategic landscapes.
Frozen desserts was the largest segment with a revenue share of 23.16% in 2023. Horizon Databook has segmented the India frozen food market based on fruits & vegetables, potatoes, ready meals, meat, fish/seafood, frozen desserts, bakery products covering the revenue growth of each sub-segment from 2018 to 2030.
The frozen food market in India encompasses a wide range of products, including frozen fruits and vegetables, snacks, meat and seafood, meals, and desserts. Each of these segments has witnessed growth, with frozen snacks and ready-to-eat meals being particularly popular due to their convenience.
Indian consumers are increasingly seeking convenience without compromising on taste or nutrition. This has led to a surge in demand for frozen foods that offer quick and easy meal solutions, especially among urban households where time constraints are significant.
The distribution channels for frozen foods in India have evolved significantly, with traditional mom-and-pop stores being complemented by modern retail outlets such as supermarkets, hypermarkets, and online grocery platforms.
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Our clientele includes a mix of frozen food market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India frozen food market , including forecasts for subscribers. This country databook contains high-level insights into India frozen food market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India frozen food market size, by product, 2018-2030 (US$M)
India Frozen Food Market Outlook Share, 2023 & 2030 (US$M)
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