Frozen Meat Market
Frozen Meat Market (Product Type - Beef, Chicken, Lamb, Pork, and Other Product Types; End-user - Food Chain Services, Modern Trade, Departmental Stores, Online Stores, and Other End Users) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2026
Press Release :
Global Frozen Meat Market: Snapshot
Restaurants and foodservice chains in several parts of the world continue to face shortage of meat against the rampant consumption. This has turned them towards keeping large amounts of frozen meat in stocks. Consumers are stacking their refrigerators with frozen meat products to cater to the changing requirements in the household consumption. While the demand for frozen meat products continues to gain traction vigorously, meeting these demands is becoming a great challenge for companies. Producing frozen meat items at large scale is a food processing challenge which entails high expenditure on the operations and maintenance of huge machineries. Moreover, key players in the global frozen meat market are compelled to follow strict compliance to quality standards and production safety.
Such factors and several others will continue to influence the growth of the global frozen meat market in the foreseeable future. According to Transparency Market Research’s forecast study, the global frozen meat market will register a sluggish expansion at a CAGR of 3.4% during the forecast period, 2017-2026. The report further projects that more than US$ 30 Bn worth of frozen meat products will be sold globally by the end of 2026. From complexities in supply chain to emergence of new processing and refrigeration techniques, a slew of factors are expected to influence the dynamic growth of the global market for frozen meat over the forecast period. The report further reveals that Asia-Pacific excluding Japan (APEJ) region will amass highest revenues in the global frozen meat market. By the end of 2026, the APEJ frozen meat market will touch US$ 9.3 Bn in terms of value.
Frozen Beef and Frozen Chicken – Top-selling Products through 2026
The report has observed that the demand for frozen beef will reach new highs through every passing year in the forecast period. In 2017, more than US$ 7.1 Bn worth of frozen beef products were sold in the global frozen meat market. This number is expected to rise robustly, and bring in more than 30% of overall revenues throughout the forecast period. In addition, frozen chicken products are pegged to register a CAGR of 3.5%, while frozen pork products will incur fastest sales through 2026. In the near future, consumers will remain more inclined towards consuming frozen red meat products for being rich source of high quality proteins and amino acids.
Robust Demand across Global Food Chain Services
The largest end-use of frozen meat products will remain concentered among the food chain services in the global market. The global frozen meat market will witness highest share of revenues emanating from food chain services in the world. In addition, modern trade outlets will also register a considerable uptick in the end-use of frozen meat products. A key finding from the report reveals that online stores are likely to register fastest end-use of frozen meat, exhibiting revenue growth at a steady CAGR of 5.1%.
Key Producers of Frozen Meat
Leading manufacturers of frozen meat products have been profiled in the report to deliver detailed competition assessment. Marfrig Group., Kerry Group Plc., BRF S.A., Associated British Foods Plc., Pilgrim’s Pride Corporation, Tyson Foods, Inc., Verde Farms, LLC, and Arcadian Organic & Natural Meat Co. are expected to lead the market in terms of production, and play instrumental roles in the global frozen meat market expansion through 2026.
Frozen Meat Market to Benefit from Increasing Popularity of Ready-to-eat meat products
Improvements in the retail scene, rising interest for comfort food, and innovative progressions in the virus chain market are the significant driving variables for the market. Then again, the rising inclination for new and normal food items is a limiting variable for the frozen meat market. Broad progressions related with freezing methods to stretch the life expectancy of meat items and improve their quality are essentially driving development in the worldwide frozen meat market. Dietary patterns are quickly changing everywhere on the globe, and numerous presently favor ready-to-eat meat items and food varieties. A quick moving expectation for everyday comforts, flood in online food orders, and accessibility of less an ideal opportunity to cook utilizing newly purchased meet, are three way of life changes, which are causing the worldwide frozen food varieties market to develop widely.
With food conveyance administrations turning out to be more effectiveness and less expensive, the frozen meat market is required to observe an enlarged development sooner rather than later. At times, eateries and foodservice chains may confront a deficiency of new meat, and this could hamper their deals enormously. In any case, the present circumstance can be switched by putting away frozen meat and using according to prerequisite. Hence, as using frozen meat demonstrates amazingly helpful for eateries and other food joints, the worldwide frozen meat market is relied upon to observe an attractive development.
The expanding customer inclination toward accommodation food sources by implication favors the expanding interest for frozen items as they require less time and exertion when contrasted with cooking without any preparation. The handled food market is driven by the more prominent requirement for accommodation because of the bustling ways of life of purchasers. This, thusly, expands the interest for frozen items. Expanding discretionary cashflow is likewise one such factor that impacts the development of the frozen food market as it builds the purchasing force of buyers.
Global Frozen Meat Market: Holistic Outlook
A certain and rapid shift of food industry players towards frozen metal retailing has influenced the minds of consumers, and lured them towards making the transition to frozen from fresh. A stigma of poor quality continues to prevail in the global marketplace for frozen meat and several suppliers are striving to adopt refrigeration techniques that effectively lower the downgrading of meat quality upon reheating or thawing. On one end, consumers of enumerating the advantages of consuming foods made from frozen meat cuts, while the producing companies are poised at the other end for being largely dependent on the consistency in the cold storage chain infrastructure.
Transparency Market Research has analyzed a multitude of such scenarios in creating an embracive understanding of the global market for frozen meat in its latest forecast study. The study delivers market size forecasts and analysis on the global frozen meat market for the forecast period, 2017-2026. Historic data has been procured to bring forth the expansion of the global frozen meat market till data. This information has been aligned with the revenue data accrued from individual market participants. Industry experts have jotted down their opinions and the qualitative backdrop has been infused with the market size estimations quantified across a slew of metrics. The report has channeled all the available information on frozen meat businesses operating across the globe, and repurposed it to develop valuable insights on future prospects of the global frozen meat market.
Detailed Competition Assessment
The key objective of this report is to provide a snapshot of the leading manufacturers of frozen meat across the globe. Through an unbiased assessment of market players, this report delivers a comprehensive profiling of companies producing and supplying frozen meat products. An intensity map, provided in the study, reveals the presence of these players across different geographies. Industry leaders as well as market entrants have been profiled in the report. Inferences from this study are highly valuable to companies interested in foraying into the frozen meat market. Established market players can also avail this report to study the performance of their rivals and acquire first-hand information on their strategic undertakings.
Research Insights & Market Taxonomy
The report comprises of a range of section and distinct chapters that provide information through multiple angles of research and analysis. In addition to procuring the inside information on happenings in a frozen meat marketplace, the report also provides qualitative insights on the market conditions that are beyond the purview of data analysis. Rigorous statistical processes have been employed to develop analysis on the dynamics of the global frozen meat market. Trends influencing the packaging and processing of frozen meat products, factors driving their consuming, supply chain impediments and untapped growth opportunities have been studied extensively and served through a coherent outline.
The report has analyzed the pricing of different frozen meat products being sold in the market. Supplier woes and distribution network complexities have been addressed and analyzed. Emerging trends have been gauged to check their impact on the current and the future market undercurrents. Raw material sourcing strategies have been disclosed, and the geopolitical landscape of different regions have been considered to understand the feasibility of procuring raw meat at affordable prices.
The report has analyzed the global frozen meat market across multiple segments, which are primarily categorized into product-type, end-users, and region. More information on country-specific market size forecast and cross-segmental analysis has been delivered in the report. The global frozen meat market taxonomy has been illustrated below.