ShareIndia’s frozen food market expected to grow almost threefold from 2012-2017
The market for frozen foods in India has grown at double digit growth rate in last few years.
The market for frozen foods in India has grown at double digit growth rate in last few years.
As per a report by Sathguru Management Consultants on India's Frozen Food category, the retail market for frozen food has a potential to grow at CAGR of 20.5% from 45 million € in 2012 to 114 million € in 2017.
The frozen food market for the food service segment promises an even stronger growth. Estimated at 78 million € in 2012, it will expand at a CAGR of 26.6% to reach 253 million € by 2017. It is anticipated that technology, macroeconomic environment, and food consumption habits will catalyse the industry’s progression.
As per a report by Sathguru Management Consultants on India's Frozen Food category, the retail market for frozen food has a potential to grow at CAGR of 20.5% from 45 million € in 2012 to 114 million € in 2017.
The frozen food market for the food service segment promises an even stronger growth. Estimated at 78 million € in 2012, it will expand at a CAGR of 26.6% to reach 253 million € by 2017. It is anticipated that technology, macroeconomic environment, and food consumption habits will catalyse the industry’s progression.