F&V Frozen Food Market - Potential and Growth Opportunities .. by Mihir Mohanta, GM Supply chain, Mother Dairy Fruits & Vegetables Pvt. Ltd.
In recent times, the per capita consumption of different frozen, cut & packed products has gone up significantly and many food manufacturers are invested in the value addition of F&V preservation, the frozen foods industry remains strong and continues to grow.
Currently, the frozen foods industry is experiencing a significant increase in domestic sales everyday. According to the results of a recent study conducted by the Research and Markets, India’s frozen food market is forecast to grow at a CAGR of 7.7% and reach USD 1,841.28 Million by 2027.
The frozen food industry in India is still not very large and market potential is yet to be explored. Under several financial assistance schemes by the Government, the establishment of good cold chain infrastructure is very critical, needs more technology intervention.
It can reach every crevice of the country and global interest in the Indian frozen food is phenomenal. Moreover, it is pertinent to note that the frozen food industry is growing by leaps and bounds across the globe as well. A recently released Comprehensive Research Report by Market Research Future (MRFR) stated that the frozen foods market has the ability to capture a spurring growth rate of 5.93% between 2022 and 2030.