Global Frozen Meat Market Size, Share, Trends, Covid-19 Impact & Growth Forecast Report - Segmented By Product Type (Pork, Beef, And Chicken), End-User (Food Service, Retail Customers), Distribution Channel (Supermarket & Hypermarket, Convenience Stores And Online), And Region (North America, Europe, APAC, Latin America, Middle East And Africa) – Industry Analysis From 2024 To 2029

Updated On: January, 2024
ID: 4148
Pages: 175

Global Frozen Meat Market Size (2024 To 2029)

The Global Frozen Meat Market size is valued at USD $ 24.41 billion in 2024, and it is predicted that it will reach USD $ 31.01 billion by 2029 with an annual development rate of 4.90% between 2024 and 2029.

Frozen meat with cold air or other cooling agents is primarily called frozen meat. Frozen meat is mainly drizzled with preservatives that can prevent food preservatives and extend shelf life. Frozen meat is the best way to overcome seasonal problems and has a long shelf life and long shelf life. Also, frozen meat products reduce food waste and are easy to cook. It offers a variety of benefits, including longer shelf life and food security, and is expected to drive growth in the global frozen meat market during the forecast period. Frozen food includes basic food chemistry, where food is preserved through the freezing process and stored in the freezer before cooking. Frozen foods can be of various types, such as prepared foods, meats and poultry, vegetables and fruits, soups, seafood, and others. Frozen meat improves inventory management, overcomes seasonality issues, and extends shelf life for advanced purchasing and long-term storage. An important factor driving the growth of the frozen meat market is that it is ready-to-eat food in both developed and developing countries, and the demand for developing frozen technology is increasing.

MARKET DRIVERS

Changes in the lifestyles of people around the world and the increased demand for ready-to-eat food are key drivers of markets around the world.

 An increase in the workforce, higher per capita income in developing countries, and higher demand for frozen foods are expected to accelerate growth in this market during the forecast period. The freezing action inhibits the growth of potentially harmful bacteria that cause food poisoning. These factors are expected to increase demand for frozen meat during the outlook period. Quick freezing preserves the texture, flavor, and freshness of food. When there is little water, it turns into ice crystals, fixing freshness and nutritional value. Convenience trends and lifestyle changes have led to rapid growth in prepared food sales due to the development of dietary patterns and increased consumer consumption habits. Technological developments to improve the shelf life of products and rising efforts to offer quality products, especially meat-related products, are promoting the expansion in this market. As population migration from rural areas to large cities increases, the growth of the nuclear family in developed countries is expected to boost demand for frozen meat in the next decade. Also, the growing population of women working in developing countries is one of the main factors driving sales of frozen meat.

The retail industry has seen significant growth in the past decade, positively impacting overall demand for frozen meat. The frozen meat market offers a favorable opportunity in the retail industry. Certain meat products are offered only at certain stations. To meet the demand for meat products and overcome seasonality issues, manufacturers are focusing on introducing different types of frozen foods in this category. The market is gaining popularity, especially among young professionals, due to the aspects that consumers can easily consume and save time on products. In recent years, stable economic growth associated with the development of the mining industry has increased the number of employment opportunities, which has increased the average income of consumers. Furthermore, rising per capita income levels in developing countries, especially the growing demand for frozen food in the workforce, are other key factors expected to accelerate the growth of the frozen meat market worldwide during the forecast period. In developed and developing countries, the need to be ready to eat and change lifestyles is one of the main drivers of the global frozen meat market.

MARKET RESTRAINTS

Frozen foods contain various types of preservatives that can affect the body, which is another important factor that is expected to hinder the growth of the frozen meat market worldwide during the foreseen period.

Frozen meat often turns out to be expensive, which can lead to more expensive food for end users. In this way, the high cost of frozen meat processing has significantly hampered the frozen meat market worldwide, and these costs can discourage potential customers from considering other options. The high cost associated with purchasing refrigeration equipment is an important factor in inhibiting the growth of the frozen meat market worldwide. Many companies are introducing cost-effective processing technology that can offset most of the constraints that affect the frozen meat market worldwide.

IMPACT OF COVID-19 ON THE FROZEN MEAT MARKET

The COVID-19 pandemic has had a significant impact on companies in many industries in a very short time, including meat and frozen food supply chains. The biggest mistake about COVID-19 is that empty shelves are an indicator of food shortages due to recent operations at grocery stores. Among the frozen foods, frozen meat sales have inclined with the consumers storing them for future use. Despite the Covid-19 pandemic, their sales are increasing.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

4.90%

Segments Covered

By Type, Distribution Channel, And Region

Various Analyses Covered

Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

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

 

SEGMENTAL ANALYSIS

Global Frozen Meat Market Analysis By Type

Frozen beef represented the largest market share of more than 30.0% due to the high consumption and import of frozen meat from Asian countries and around the world. The beef sector is the fastest-growing sector during the forecast period, with pork and chicken expected to emerge. The demand for beef is expected to increase due to the higher protein content compared to other types of meat. The growing demand for pork is driving the market through the import and export of frozen meat.

Global Frozen Meat Market Analysis By Distribution Channel

The supermarket and hypermarket sectors are expected to expand at the fastest CAGR during the forecast period. Offline channels are driving the market, as consumers prefer the proper exploration of products, authenticity, content, and varieties before buying. However, as the penetration rate of smartphones and Internet connection increases, along with the convenience provided by the e-commerce platform, online distribution channels are gaining momentum among consumers. Online shopping trends are increasing among Internet users due to door-to-door delivery facilities and access to various brands and products.

REGIONAL ANALYSIS

North America has the highest share of income in the global frozen meat market due to the high consumption of frozen food and increased disposable income in the region. The European market has the second-highest revenue share in the global market due to increased consumption of frozen meat and lifestyle changes. Germany is expected to account for the largest market share of 26.17% by the end of 2025. The Asia Pacific market is expected to show the fastest growth in terms of revenue as the adoption of frozen foods increases. Asia Pacific was the largest regional market, representing more than 30.0% in 2018 due to the high consumption in this region. Countries like China and Japan were the main importers of frozen meat products. The Asia Pacific region is expected to expand to the highest CAGR from 2019 to 2025, as the number of restaurants and food restaurants in the region increases, e-commerce growth and seasonal growth are expected to accelerate the regional market growth. In addition, Latin American Middle East, and African markets are expected to show moderate growth during the forecast period. In addition, imports from the Middle East and African markets are expected to register a notable annual rate during the envisioned period.

KEY PLAYERS IN THE GLOBAL FROZEN MEAT MARKET

Major Key Players in the Global 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

RECENT HAPPENINGS IN THE MARKET

  • In 2017, Verde Farms LLC acquired Estanica Beef, Inc., a fully-fed beef producer serving frozen beef steaks. This acquisition will allow Verde Farms to meet the growing demand for grass-fed beef.
  • Cargill, Inc. acquired Five Star Custom Foods, Ltd., which produces cooked meat flakes, soups, and sauces for American restaurants and food producers.

DETAILED SEGMENTATION OF GLOBAL FROZEN MEAT MARKET INCLUDED IN THIS REPORT   

This research report on the global frozen meat market has been segmented and sub-segmented based on type, distribution channel, & region.            

 By Type 

  • Beef
  • Chicken
  • Pork

By Distribution channel

  • Convenience stores
  • Supermarkets
  • Hypermarkets
  • Online

By Region

  • North America 
  • Europe 
  • Asia Pacific 
  • Latin America 
  • Middle East and Africa 

 

Please wait. . . . Your request is being processed

Frequently Asked Questions

1. What are the benefits of frozen meat?

The benefits of frozen meat are its extended shelf life, which allows it to be stored for longer periods without spoiling, and its Convenience, which allows for bulk purchases and storage, reducing the frequency of shopping trips.

2. How is frozen meat different from fresh meat?

The primary difference between frozen and fresh meat lies in their preservation methods. Fresh meat is sold refrigerated and has a shorter shelf life, typically a few days to a week, whereas frozen meat is stored at much lower temperatures, prolonging its shelf life for several months.

3. How long can frozen meat be safely stored?

The storage duration for frozen meat depends on various factors, such as the type of meat, packaging, and storage conditions. Properly frozen meat can be safely stored for several months to a year. It's essential to adhere to storage guidelines and use-by dates for optimal quality and safety.

Related Reports

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1800

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: [email protected]

Click for Request Sample