The size of the global market for Frozen Meat is expected to reach US$ 61.5 Bn by 2031, expanding at a compound annual growth rate (CAGR) of 6.5%.
Use of frozen meat products will continue to remain stable amongst the services of the food chain in the global frozen meat market. Frozen meat market will experience the highest frozen meat market share in terms of revenue originating from the services of the food chain across the globe. Moreover, outlets of modern trade will record a notable growth in the consumption of frozen meat products.
The factors that are driving the growth of the frozen meat industry is propelling the value of ready-to-eat food in the developing and developed economies for the development of the technology of freezing. The standard of living is leading to develop the patterns of diet and habits of spending are increasing the sale of frozen meat products. The rise in the population of working females in the emerging economies is the main factor to boost the frozen meat market growth. Increase in the nuclear families in developed regions related to the increase in the shifting of people from rural to metropolitan cities is projected to propel the frozen meat market demand in the coming years. Frozen meat industry provides several opportunities in the retail industry and is anticipated to evolve over the forecast period.
Global frozen meat market trends are growing demand for the high proteinaceous food amongst the population. There is significant growth observed in the food industry in past years, as demand for the processed frozen food is mounting across the globe. Nowadays, customers are moving towards consuming meat to accomplish the nutrients of health. Moreover, growth in the technology of food is offering a lot of space for the manufacturers of processed frozen food. Hectic lifestyle of people related to the change in the pattern of consumption of processed food is surging the demand for the frozen meat market.
Factors that are getting popular in the developing economies have developed in the sector of food service, frozen food, efficient production on the basis of longer shelf life & cost and advancements in the technology. Development of new products by the manufacturers, investment of cold chain sectors, barriers of low trade and large investment in R&D are offering opportunities for the growth of frozen meat market worldwide. Manufacturing companies of frozen meat can start their business in emerging regions like Brazil, China, ASEAN countries and India which are providing various opportunities for international manufacturers. The frozen meat industry is propelled to increase the global frozen meat market in the coming years.
The global frozen meat industry is segmented on the basis of end-users, product type, and region. Based on the end-users, frozen meat market is divided into modern trade, food chain services, online stores, departmental stores and more. On the basis of product type, frozen meat market is divided into the chicken, pork, beef, lamb and more.
Geographically, regions involved in the development of frozen meat market size are Asia Pacific, Europe, North America and Rest of the World. Europe is projected to dominate the frozen meat market in the coming years because of supply and demand for the frozen meat products. The Asia Pacific registers to increase the frozen meat market share due to the growth in the preference of the customers for the meat products with good shelf life.
Key players involved in increasing the global frozen meat market share are Pilgrim’s Pride Corporation, Verde Farms, Tyson Foods and more.
Frozen Meat Market Scope
|Revenue forecast in 2031
|US$ 61.5 Bn
|CAGR of 6.5 % during 2021-2031
|By Meat Type, By Distribution Channel, Regions
|North America, Europe, Asia Pacific, South America, Middle East and Africa
|Key Players Profiled
|Kerry Group Plc. Associated British Foods Plc., BRF S.A., Verde Farms LLC, JBS S.A., Marfrig Global Foods S.A., Cargill Inc., Tyson Foods, Inc., Pilgrim’s Pride Corporation, V H Group., Arcadian Organic and Natural Meat Co., Verde Farms and Xiamen Yinxiang Group Co., Ltd
Key Segments in the “Global Frozen Food Market” are-
By End-User, market is segmented into:
- Modern trade
- Food chain services
- Online stores
- Departmental stores
By Product, market is segmented into:
By Regions market is segmented into:
- Asia Pacific
- North America
- Rest of the World
What to expect from the Global Frozen Meat Market report?
- Predictions of future made for this market during the forecast period.
- Information on the current technologies, trends, devices, procedures, and products in the industry.
- Detailed analysis of the market segmentation, depending on the types, devices, and products.
- Government regulations and economic factors affecting the growth of the market.
- An insight into the leading manufacturers.
- Regional demographics of the market.