The Europe frozen meat market size is expected to be worth US$ 7.71 billion in 2024, and it is estimated to grow at US$ 9.42 billion by the end of 2029 at an increasing CAGR of 4.09% during 2024 to 2029.
Frozen meat is primarily defined as frozen meat that has been exposed to cold air or other chilling agents. Preservatives are sometimes poured on frozen meat to prevent food preservatives and extend shelf life. Frozen meat is the most effective technique to deal with seasonal issues and has a long shelf life. Frozen beef products also reduce food waste and are simple to prepare. Thus, it provides several advantages, including longer shelf life and food safety, and is likely to propel the worldwide frozen meat market forward over the forecast period. Food is generally preserved through the freezing process and kept in the freezer before cooking frozen food, which comprises introductory food chemistry. A few examples are prepared foods, vegetables and fruits, meats and poultry soups, seafood, and other frozen foods. Frozen meat improves inventory management, eliminates seasonality difficulties, and extends shelf life for advanced purchase and long-term storage.
The frozen meat market is expected to grow faster during the projected period due to an increased workforce, increased per capita income in developing nations, and increased demand for frozen foods. The freezing effect stops potentially hazardous bacteria from growing and causing food poisoning. During the forecast period, these factors are likely to boost demand for frozen meat in Europe. Food texture, flavor, and freshness are all preserved through quick freezing. When there isn't enough water, it freezes into ice crystals, preserving the freshness and nutritional content of the food. In the last decade, the retail business has grown significantly, which has impacted the total demand for frozen meat. In the retail industry, the frozen meat market presents a beneficial opportunity. Some meat products are only available at specific locations. Manufacturers are concentrating on introducing different types of frozen foods to meet the demand for meat products and solve seasonality difficulties. The market is growing in popularity, particularly among young professionals, due to consumers' ease of consuming items and saving time.
Due to the development of dietary patterns and increased consumer consumption habits, prepared food sales have overgrown due to convenience trends and lifestyle changes. The expansion of this frozen meat industry is aided by technological advancements that extend product shelf life and increased attempts to provide high-quality products, particularly meat-related products. In addition, the expansion of the nuclear family in industrialized countries is predicted to raise demand for frozen meat in the coming decade as population movement from rural areas to urban cities increases. Finally, one of the critical causes propelling frozen meat sales is the expanding proportion of women working in developing countries.
In recent years, consistent economic growth coupled with the development of the mining industry has expanded the number of job opportunities, resulting in higher consumer average income. Other significant factors projected to accelerate the growth of the frozen meat market globally during the forecast period include rising per capita income levels in developing nations, particularly the increased demand for frozen food among the workforce. In addition, one of the primary drivers of the global frozen meat market is the requirement to be ready to eat and alter lifestyles in both developed and developing countries.
In addition, frozen meat is frequently overpriced, resulting in higher food costs for end-users. As a result, the high price of frozen meat processing has limited the frozen meat business globally, and these costs may deter potential customers from considering other options. Furthermore, the high cost of purchasing refrigeration equipment is a significant barrier limiting the global growth of the frozen meat sector. However, many firms offer low-cost processing techniques that potentially alleviate many of the frozen beef sector's restraints worldwide.
Based on type, frozen beef dominates the Frozen Meat market due to increased consumption and import of frozen beef by Asian countries and on a global scale, and also accounts for a share of more than 30.0 percent in 2018.
Over the projected period, the beef segment is expected to increase at the fastest rate, followed by pork and chicken. Beef demand is predicted to rise due to its high protein content compared to other meat types. However, pork demand is driving the market, driven by frozen meat imports and exports between countries.
Based on end-user, retail customers tend to hold the largest frozen meat market share during 2023 - 2028. Customer rapport is one of the advantages of working with a retailer, and it benefits both buyers and sellers. Customers can see what they're buying up close in a retail outlet, and unlike online stores, they get instant pleasure because they can walk away with their purchases right away.
For 2018, the supermarkets/ hypermarkets were deemed the most dominating segment in the European Frozen Meat industry. Supermarket stores/ Hypermarket stores provide a wide range of meat snack options, marketing branded and private-label items. Furthermore, these stores implement numerous crucial promotional and marketing activities to produce more extensive revenue sales, such as discounts, customer loyalty programs, and seasonal specials. As a result, offline retailers make food products readily available to their target clients helps.
Frozen meat is becoming more popular in Europe as it takes less time to cook and appeals to the rising female workforce. There are various varieties of frozen meals available, and many consumers will transition to frozen food products due to rapid changes in consumer consumption habits. In addition, the rapid growth of food chains, supermarkets, hypermarkets, and convenience stores and their widespread availability has enhanced product quality while also acting as a driving factor for the European frozen meat business.
The demand for frozen food in the European region U.K. has risen considerably due to rising living standards and a change to a more convenient lifestyle. The rise of this sector is aided by government limitations to preserve product quality, certifications/labels, and make items more appealing.
Major Key Players in the Europe Frozen Meat Market are Associated British Foods Plc, Kerry Group Plc, BRF SA, JBS SA, Verde Farms LLC, Pilgrim's Pride Corporation, Marfrig Global Foods SA, Tyson Foods, Inc, Cargill Inc, and VH Group
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