Frozen Layer Paratha (Fried Dough Food- Flatbread Native to the Indian Subcontinent) Manufacturing. Opportunities for Entrepreneurs, Startups in Food Industry.
The Paratha is an important part of a traditional breakfast from the Indian subcontinent. Traditionally, it is made using ghee but oil is also used. Some people may even bake it in the oven for health reasons. Usually, the Paratha is eaten with dollops of white butter on top of it. Side dishes which go very well with Paratha are curd, fried egg, omelette, mutton kheema (ground mutton cooked with vegetables and spices), nihari (a lamb dish), Jeera aloo (potatoes lightly fried with cumin seeds), daal, and raita as part of a breakfast meal.
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The frozen food market size was valued at $291.8 billion in 2019, and is estimated to reach $404.8 billion by 2027, registering a CAGR of 4.2% from 2020 to 2027. Frozen food is defined as food products that are preserved under low temperature and used over a long period. The product market comprises various food products, including ready meals, vegetables & fruits, potatoes, meat & poultry, seafood, and soup. Frozen ready meals further include packaged ready-to-eat foods, bakery, snacks, and desserts. Business buyers such as hotels, caterers, restaurants, and fast food chains are among major users of frozen food products that include frozen vegetables & fruits, potatoes, and non-veg products.
Frozen meat & poultry and seafood are among the most commonly used grocery items across North America and Europe. Europe is the largest market of frozen bakery and desserts. The retail frozen food industry is evolving, and is in its nascent phase in markets such as India. However, it has witnessed a steady growth since the past few years.
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Drivers: Rising demand for convenience food
The increasing consumer preference toward convenience foods indirectly favors the increasing demand for frozen products as they require less time and effort as compared to cooking from scratch. The processed food market is driven by the greater need for convenience due to the busy lifestyles of consumers. This, in turn, increases the demand for frozen products. Increasing disposable income is also one such factor that has a huge influence on the growth of the frozen food market as it increases the buying power of consumers.
Related Project: - Frozen Layer Paratha (fried Dough Food - Flatbread Native to the Indian Subcontinent)
Other trends, such as packaging and shelf-life enhancement, present further growth opportunities for the frozen food market. As a result, companies in the food market are investing in technologies to store refrigerated or retarded dough, frozen vegetables and meat, partially-cooked and fully-cooked food for longer durations. Factors such as developments in the retail landscape and technological advancements in cold chain are driving the frozen food market, globally. However, the preference for fresh and natural food products and the need for maintaining a constant temperature for the sustainability of frozen foods act as restraining factors for the market.
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