About Frozen Meat
As per the National Chicken Council (United States), total red meat & poultry consumption in the United States was 99.2 kg per capita in 2018, which is expected to reach 100 kg per capita in 2019. Therefore with the high demand for frozen meat and its rising consumption, the Global frozen meat market is expected to provide a huge opportunity for the market players thereby propelling the market growth. Frozen meat is prepared when meat is stored & unpacked under freezing conditions. Storage of frozen meat is a common preservation method, which reduces its enzyme activity thereby inhibiting the microbial proliferation, and prolongs the shelf life.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.44% |
The Global Frozen Meat market is fragmented with various key players who are focused on increasing their consumer base and global footprint by adopting strategies such as mergers and acquisitions. Manufacturers of the market have indulged themselves in maintaining transparency and allow food traceability in order to manage and mitigate risk and lowering the impact of recalls and lowering liability costs. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Frozen Meat market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Marfrig Group (Brazil), Kerry Group Plc (Ireland), BRF SA (Brazil), Associated British Foods Plc (United Kingdom), Pilgrim"s Pride Corporation (United States), Tyson Foods, Inc. (United States), Verde Farms (United States), Ashbourne Meat Processors (Ireland) and Cargill Beef (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Patterson Food Processors (United States), Kilcoy Pastoral Company (Australia), Rantoul Foods (United States) and Baltic Foods (Lithuania).
Segmentation Overview
AMA Research has segmented the market of Global Frozen Meat market by Type (Frozen Beef, Frozen Chicken, Frozen Lamb, Frozen Pork and Others), Application (Households, Food Industry and Commercial) and Region.
On the basis of geography, the market of Frozen Meat has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Supermarket will boost the Frozen Meat market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Demand for Protein Rich Food and Longer Shelf Life & Food Safety of Frozen Meat
Market Growth Drivers:
Increasing Meat Consumption among Consumers Globally, Changing Lifestyle and High Disposable Income and Rising Demand for Ready to Eat and Packaged Food
Challenges:
Costly Frozen Meat Processing Methods, Supply Chain Discrepancies and Lack of Standardization of Refrigeration Techniques
Restraints:
High Tariffs Imposed on Imported Meat Products and Lack of Cold Chain Infrastructure in Developing Economies
Opportunities:
Technological Advancement in Food Industry & Cold Chain Market
Market Leaders and their expansionary development strategies
In January 2023, LiveKindly Collective has acquired frozen plant-based food brand Alpha Foods. Alpha Foods is LiveKindly’s sixth food brand acquisition since 2020 and its first in the United States.
In June 2022, This launched into a new category with a range of frozen plant-based food products. With claims to be the UK’s fastest-growing alt meat company, THIS is expanding into the also fast-growing vegan frozen food segment with a range of products aimed at younger audiences and driving market growth.
Key Target Audience
Frozen Meat Processing Manufacturers, Food Industry, Industry Association, Potential Investors, Government & Regulatory Bodies and Marketing & Consulting Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.