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Cambodia Frozen Food Market Size (2024 - 2029)

The Cambodia Frozen Food Market is experiencing growth driven by the increasing adoption of Western dietary trends, fueled by rising tourism and an expat population. This shift has led to a higher demand for frozen products such as desserts, potatoes, and ready meals. The market's expansion is supported by importers catering to the hotel, restaurant, and institution sectors, equipped with the necessary storage and distribution infrastructure. Despite these positive trends, the market faces challenges due to high production costs and significant import duties, which contribute to the elevated prices of frozen food products.

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Market Size of Cambodia Frozen Food Industry

Cambodia Frozen Food Market Summary
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

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*Disclaimer: Major Players sorted in no particular order

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.

Cambodia Frozen Food Industry Segmentation

The Cambodia frozen food market is segmented by product type and distribution channel. By product type, the scope includes frozen meat and seafood, frozen dessert, frozen fruit and vegetable, frozen ready meal, and other product types. By distribution channel, the market studied is segmented into hypermarket/supermarket, traditional grocery store, online channel, and other distribution channels.

By Type
Frozen Meat and Seafood
Frozen Dessert
Frozen Fruit and Vegetable
Frozen Ready Meal
Other Types
By Distribution Channel
Hypermarket/Supermarket
Traditional Grocery Store
Online Channel
Other Distribution Channels
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Cambodia Frozen Food Market Size Summary

The Cambodian frozen food market is experiencing a gradual expansion, driven by the increasing adoption of Western dietary habits among the local population, influenced by rising tourism and the expat community. This shift has led to a growing preference for packaged foods, particularly frozen and chilled options, as consumers embrace mini-meals and ready-to-eat products. The demand for frozen desserts, potatoes, and ready meals is on the rise, with modern retailers and importers catering to the hotel, restaurant, and institution sectors by providing the necessary storage and distribution infrastructure. However, the market faces challenges such as high production costs and import duties, which contribute to the elevated prices of frozen food products.

Frozen seafood holds a significant portion of the frozen food category in Cambodia, although local manufacturers struggle to compete with native market traders on pricing. The collaboration between the Institute of Standards of Cambodia and the United Nations Industrial Development Organization aims to enhance the export of seafood products by adhering to international standards. Despite the market being dominated by international players like Thai Beverage PLC and Unilever PLC, local participation remains limited due to the high capital requirements for cold storage facilities. The market, still in its infancy, relies heavily on imports to meet demand, but is expected to grow as the middle-class population expands, potentially altering the current market dynamics.

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Cambodia Frozen Food Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Force Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Frozen Meat and Seafood

      2. 2.1.2 Frozen Dessert

      3. 2.1.3 Frozen Fruit and Vegetable

      4. 2.1.4 Frozen Ready Meal

      5. 2.1.5 Other Types

    2. 2.2 By Distribution Channel

      1. 2.2.1 Hypermarket/Supermarket

      2. 2.2.2 Traditional Grocery Store

      3. 2.2.3 Online Channel

      4. 2.2.4 Other Distribution Channels

Cambodia Frozen Food Market Size FAQs

The Cambodia Frozen Food Market is projected to register a CAGR of 3.74% during the forecast period (2024-2029)

Unilever PLC, DiraFrost, Natural Garden and Les Vergers Boiron are the major companies operating in the Cambodia Frozen Food Market.

Cambodia Frozen Food Market Report Snapshots

Cambodia Frozen Food Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)