Evolution of Food as We Know it
Not so long ago, Indians were only known to French fries and basic frozen vegetables. But in the span of 5 to 10 years frozen food industry in India has completely transformed. We know food in more than one dimension or should I say, `state'. Irrespective of 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 a positive growth.
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 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.
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. In this edition, we at siliconindia set the stage for the Indian players in this growing industry.
Do let is know what you think.
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 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.
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. In this edition, we at siliconindia set the stage for the Indian players in this growing industry.
Do let is know what you think.
