Frozen Meat Market Size was valued at USD 55.8 Billion in 2022. The Frozen Meat industry is projected to grow from USD 58.5 Billion in 2023 to USD 85.0 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.78% during the forecast period (2023 - 2032). Increasing e-commerce and online food delivery services' penetration, increased demand for processed frozen meat, and developments in cold chain technology, are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
ly expanding fast-food chains and restaurants, as well as a rise in the demand for freezer meat for their ongoing operations, have a favourable impact on the frozen meat market. To make dishes with the same flavour all around the world, KFC (Kentucky Fried Chicken), for instance, uses freezer chicken. For the sake of taste and quality, the meat is the same everywhere. As a result, during the projection period, the market for frozen processed meat will grow more quickly. Because frozen meat has many benefits, including a longer shelf life and increased food safety, the market for frozen meat is anticipated to develop over the projected period. Additionally, frozen beef products are simple to prepare and help prevent food waste. The freezing process prevents the development of potentially dangerous microorganisms, which are the root of food poisoning. Food items' texture, flavour, and freshness are all preserved through quick freezing. If the meat contains minimal water, it freezes into ice crystals, sealing in its freshness and nutritional content. Over the projection period, these factors are anticipated to boost demand for frozen meat. Due to the fast-paced lifestyle and increasing e-commerce, restaurants and food outlets all over the world rely on frozen meat products to meet customer demand for meat-based dishes. Additionally, it is predicted that throughout the course of the projection period, this market would grow more quickly due to rising demand for frozen food products, an expanding working population, and rising per capita income in emerging nations.
The value of ready-to-eat food in developing and developed economies is driving the development of the technology of freezing, and the standard of living is leading to the development of dietary patterns and spending habits, which are boosting the sale of frozen meat products. The primary driver of the growth of the frozen meat business in emerging nations is the increase in the number of working women. The demand for frozen meat is expected to rise in the coming years due to an increase in nuclear families in developed regions and the migration of individuals from rural to urban areas. The retail industry benefits from many opportunities provided by the frozen meat sector, which is expected to develop over the projection period.
Because the product is easily digestible and time-saving, the market is becoming more popular with consumers, particularly young professionals. By introducing new product variations, this scenario is anticipated to present prospective chances for the market. The average income of consumers has increased over the past several years as a result of the sustained economic expansion brought on by the expanding mining industry. Thus, driving the Frozen Meat market revenue.
The Frozen Meat market segmentation, based on Product Type, includes Frozen Processed Meat and Frozen Whole Cut. Frozen processed meat segment dominated the market in 2022. This is a result of how easily things can be transported and stored. Additionally, due to its supposed higher nutritional content than frozen processed meat, the frozen whole-cut category is predicted to rise at the quickest rate.
The Frozen Meat market segmentation, based on End User, includes Food Service and Retail Customers. Food service segment dominated the Frozen Meat market in 2022. This is a result of the rise in fast food restaurants and eateries overall. The retail client segment, however, is predicted to increase the fastest in the upcoming years.
The Frozen Meat market segmentation, based on Distribution Channel, includes Store Based and Non-Store Based. Store based segment dominated the market in 2022. The market has grown as a result of product-specific shelves and the availability of more household goods under one roof. The non-store-based sector is growing at the quickest rate in addition to this. Its expanding popularity among clients has been helped by the availability of various goods at discounted prices and delivery options to their doorsteps.
Figure 1: Frozen Meat Market, by Distribution Channel, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Frozen Meat Market dominated this market in 2022 (45.80%). This is primarily due to people in the nations of this region living fast-paced, hurried lifestyles, altering eating habits, and wanting ready-to-eat foods. Due to busy consumer lifestyles and stressful consumer work schedules, the demand for ready-to-eat food products has surged in the United States. Further, the U.S. Frozen Meat market held the largest market share, and the Canada Frozen Meat market was the fastest growing market in the North America region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: FROZEN MEAT MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Frozen Meat market is expected to register significant growth from 2023 to 2032. Regional market expansion is being driven by a rise in consumer appetite for processed meat products like bacon, hot dogs, canned meat, sausages, and so on. The European frozen meat market will continue to be driven by the significant R&D efforts to develop safer alternatives free of antibiotics and chemical residues in the years to come. Further, the German Frozen Meat market held the largest market share, and the U.K Frozen Meat market was the fastest growing market in the European region
The Asia Pacific Frozen Meat market accounted for the healthy market share in 2022. The top three countries that imported frozen beef products were China, South Korea, and Japan. The growth of the regional market is projected to be fueled by an increase in food joints and restaurants, more e-commerce, and seasonality in this area. Increased spending on meat products, especially frozen meat, is anticipated to boost demand for frozen meat over the forecast period. Demand for frozen beef is anticipated to increase as customers in Korea become more interested in eating healthily. Moreover, China’s Frozen Meat market held the largest market share, and the Indian Frozen Meat market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Frozen Meat market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Frozen Meat Industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Frozen Meat Industry to benefit clients and increase the market sector. In recent years, the Frozen Meat Industry has offered some of the most significant advantages to medicine. Major players in the Frozen Meat market, including Arcadian Organic & Natural Meat Co, Kerry Group Plc, Green Farms LLC, Marfrig Group, Pilgrim's Pride Corporation Inc, BRF S.A, Tyson Foods, and Associated British Foods Plc., are attempting to increase market demand by investing in research and development operations.
Seafood and meat products are provided by Seattle Fish Company to groceries, hotels, restaurants, and caterers. Customers can purchase seafood from the company to receive a healthy protein such salmon, trout, oysters, hardshell clams, sea scallops, and oysters. Seattle Fish Company, a US-based business, was sold to Armand Agra, a Founders Group of Food Companies subsidiary, in November 2021. In Reno and Carson City, Nevada, as well as Seattle, Washington, in the United States, Armand Agra runs Sierra Meat and Seafood, Durham Ranches, McDonald Meat Co., and Flocchini Family Provisions.
Tyson Foods Inc. (Tyson Foods) processes and markets meat products, including chicken, beef, and hog. In addition to processing, marketing, and transportation of chicken and associated allied products, the company also produces breeding stock and feed. Additionally, a broad variety of prepared dishes are available, including tortillas, bacon, turkey, morning sausage, hot dogs and lunchmeat. Under the brand names Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp, and State Fair, the corporation sells its goods. It sells its goods to food hotel chains, restaurant owners, service providers, food retailers, and non-commercial food service providers, such as hospitals, schools, and military and food processors, convenience stores, and foreign export markets. The U.S. city of Springdale, Arkansas, serves as the company's headquarters.
Frozen Meat Industry Developments
February 2022: Seara foods announced the launch of Seara Shawata frozen marinated whole chicken. Seara foods is a Brazilian food processing company specialized in the development and distribution of meat products. The new product will target the Middle Eastern and Latin America market for their launch due to the heavy demand for these region for the poultry products.
| Report Attribute/Metric | Details |
| Market End User 2022 | USD 55.8 Billion |
| Market End User 2023 | USD 58.5 Billion |
| Market End User 2032 | USD 85.0 Billion |
| Compound Annual Growth Rate (CAGR) | 4.78% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type, End User, Distribution Channel, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Arcadian Organic & Natural Meat Co, Kerry Group Plc, Green Farms LLC, Marfrig Group, Pilgrim's Pride Corporation Inc, BRF S.A, Tyson Foods, and Associated British Foods Plc. |
| Key Market Opportunities | Rising consumer awareness for organic frozen processed meat products |
| Key Market Dynamics | Increased demand for processed frozen meat, rising penetration of e-commerce and online food delivery services, and technological advancements in the cold chain market |
Frozen Meat Market Highlights:
Frequently Asked Questions (FAQ) :
The Frozen Meat market End User was valued at USD 55.8 Billion in 2022.
The market is projected to grow at a CAGR of 4.78% during the forecast period, 2023-2032.
North America had the largest share in the market
The key players in the market are Arcadian Organic & Natural Meat Co, Kerry Group Plc, Green Farms LLC, Marfrig Group, Pilgrim's Pride Corporation Inc, BRF S.A, Tyson Foods, and Associated British Foods Plc.
The Frozen Processed Meat Product Type dominated the market in 2022.
The Food Service End User had the largest share in the market.
Research Analyst Harshita post graduate mba in business administration from welingkar institute, mumbai and 5 years of experience in the field of product market research. as a research analyst, i have cross-domain experience in packaging, and industrial automation & equipment. i am currently looking after the research process of packaging, logistics & transportation, and industrial automation & equipment at market research future reports. my responsibilities at the organization involve handling syndicate and custom reports as well as responding to client inquiries, and organize, co-ordinate with a group of 5 to 6 persons to manage all workflows.
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