Market Size of Cambodia Frozen Food Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.74 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Cambodia Frozen Food Market Analysis
The Cambodia Frozen Food Market is projected to register a CAGR of 3.74% during the study period (2020-2025).
- Fast adoption of Western diet trends owing to increasing tourism and expat population are the prime factors that has led to a hike in the retail sales of packaged food, especially frozen and chilled food. Recently, the Cambodian population has adopted the trend of mini-meals, which has, for long, been a part of Western culture.
- Consumers in Cambodia displayed higher demand for frozen desserts, frozen potatoes, and frozen ready meals. Some importers in Cambodia specialize in servicing the hotel restaurant and institution (HRI) trade, and have the appropriate frozen and chilled storage and distribution infrastructure. Most of the modern food retailers, such as DFI Lucky and Thai Huot, also service the HRI trade through their retail stores or wholesale operations.
- However, high production costs, in terms of raw material and machinery, create major obstacles for this market. In addition, the high import duty levied in Cambodia, which leads to the high cost of frozen food, is another major concern in the market.
