Frozen Meat Marke
Frozen Meat Market Size, Share & Industry Analysis, By Product Type (Beef, Pork, Poultry, Lamb), By End-User (Retail Customers, Food Service Industry), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail) By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) -- Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Market Overview:
The global frozen meat market is expected to grow at a CAGR of 5% from 2024 to 2031, reaching USD YY billion by 2031 from USD XX billion in 2024.
The Asia-Pacific region is projected to be the dominant market over the forecast period. The growth of the frozen meat market is driven by factors such as increasing demand for convenience foods, growing meat consumption in developing countries, and advancements in freezing technologies. However, the market growth may be restrained by concerns over the nutritional content of frozen meats and increasing adoption of vegetarian and vegan diets in some regions.
Frozen Meat Market Dynamics:
Rising Demand for Convenience Foods Fueling Market Growth
Consumers' hectic lifestyles, as well as the increased engagement of women in the workforce, are boosting demand for simple food options such as frozen beef. Frozen beef products are easy to store, have a longer shelf life, and can be prepared quickly. According to a recent consumer poll, more than 60% of respondents in the United States and Europe said they buy frozen meats for convenience. To meet this increased demand, manufacturers are creating unique ready-to-cook frozen beef products.
Growing Meat Consumption in Developing Countries Propelling Market Expansion
Rising disposable incomes, urbanisation, and westernisation of diets are driving up meat consumption in developing countries, particularly in the Asia-Pacific area. For example, per capita meat consumption in China increased from XX kilogramme in 2010 to YY kg in 2020. The frozen meat business is benefiting from this trend since freezing enables for more effective storage and delivery of meat products to satisfy increased demand. Many multinational frozen meat firms are increasing their presence in new areas to capitalise on growth prospects.
Nutritional Concerns and Plant-Based Trends Restraining Market Growth
Despite the generally favourable forecast, increased consumer worries regarding the nutritional value of frozen meats in comparison to fresh meats may stymie industry growth. According to certain research, freezing meats may somewhat impair their nutritional value. Additionally, the growing popularity of plant-based diets in wealthy countries may reduce demand for frozen meats. However, the impact of these restrictions is projected to be limited, as frozen meats provide unparalleled convenience and variety to a large consumer base.
Segment Overview
Poultry Segment to Dominate the Frozen Meat Market
The poultry category, which includes chicken, turkey, and duck meat, is expected to account for the highest proportion of the frozen meat market throughout the forecast period. Factors driving demand for frozen poultry products include cheaper costs compared to red meats, claimed health benefits, and religious preferences.
Major frozen food firms are launching new frozen poultry items to meet changing consumer demands. Tyson Foods, for example, launched a new range of frozen chicken products with worldwide flavours in 2023, aiming to meet the increased demand for diversity and convenience. Similarly, Nestle's Lean Cuisine brand increased its frozen poultry portfolio with a variety of healthy and organic alternatives.
Regional Outlook:
Asia-Pacific to Dominate the Global Frozen Meat Market
The Asia-Pacific region is predicted to have the highest share of the frozen meat market over the forecast period, owing to factors such as a huge population base, rising disposable incomes, and shifting eating trends. China and India are expected to be the region's main growth markets because to their large consumer base and rising acceptance of Western-style diets.
Recent market developments in the Asia-Pacific region include Cargill expanding its frozen meat manufacturing capacity in China and Nestle launching a line of frozen meat products geared towards Asian consumer tastes. Local players are likewise diversifying their frozen meat ranges to compete with multinational brands.
Competitive Intelligence:
The global frozen meat market is moderately consolidated, with a few large multinational businesses controlling sizable market share. Tyson Foods, Inc., Hormel Foods Corporation, JBS S.A., Cargill, Incorporated, and BRF S.A. are among the market's top participants.
To preserve their market leadership, these corporations are pursuing methods such as new product development, mergers and acquisitions, and global expansion. Tyson Foods, for example, acquired a European frozen meat company in 2022 to boost its regional footprint. Similarly, JBS S.A. has been increasing its production capacity in major areas like the United States and Brazil.
The frozen meat market's competitive landscape is being shaped by intense competition among significant firms, shifting customer preferences, and severe food safety and quality requirements. Companies who can provide creative, convenient, and high-quality frozen meat products at competitive pricing are likely to increase their market share in the future years.
Analyst Opinion:
The frozen meat market is expected to rise steadily in the next years, owing to reasons such as rising demand for convenience foods, increased meat consumption in developing nations, and developments in freezing technology. Consumer worries about the nutritional value of frozen meats, as well as the growing popularity of plant-based diets in some regions, may curb market growth marginally.
The Asia-Pacific region, driven by China and India, is predicted to dominate market growth because to its vast population, rising disposable incomes, and shifting dietary habits. Poultry is expected to be the most popular segment, thanks to its low cost, claimed health benefits, and cultural preferences.
To thrive in this competitive industry, frozen meat manufacturers must focus on providing creative, high-quality products that meet changing consumer expectations for convenience, variety, and health. Strategic collaborations, regional expansions, and investments in new freezing technologies will all be critical to gaining a competitive advantage.
With the proper strategies in place, the frozen meat market presents tremendous development prospects for both established players and new entrants during the forecast period.
Major Players:
-
Tyson Foods, Inc.
-
Hormel Foods Corporation
-
JBS S.A.
-
Cargill, Incorporated
-
BRF S.A.
-
Marfrig Global Foods S.A.
-
Pilgrim's Pride Corporation
-
Nomad Foods Limited
-
Perdue Farms Inc.
-
Smithfield Foods, Inc.
Key Developments:
-
Tyson Foods introduced a new line of ready-to-cook frozen chicken products in global flavours in January 2024.
-
JBS S.A. announced plans to acquire a top European frozen meat producer in March 2024, expanding its foothold in the region.
1. INTRODUCTION
1.1. Market Definitions & Study Assumptions
1.2. Market Research Scope & Segment
1.3. Research Methodology
2. EXECUTIVE SUMMARY
2.1. Market Overview & Insights
2.2. Segment Outlook
2.3. Region Outlook
3. COMPETITIVE INTELLIGENCE
3.1. Companies Financial Position
3.2. Company Benchmarking -- Key Players
3.3. Market Share Analysis -- Key Companies
3.4. Recent Companies Key Activities
3.5. Pricing Analysis
3.6. SWOT Analysis
4. COMPANY PROFILES (Key Companies list by Country) (Premium)*
5. COMPANY PROFILES
5.1. Tyson Foods, Inc.
5.2. Hormel Foods Corporation
5.3. JBS S.A.
5.4. Cargill, Incorporated
5.5. BRF S.A.
5.6. Marfrig Global Foods S.A.
5.7. Pilgrim's Pride Corporation
5.8. Nomad Foods Limited
5.9. Perdue Farms Inc.
5.10. Smithfield Foods, Inc. (*LIST NOT EXHAUSTIVE)
6. MARKET DYNAMICS
6.1. Market Trends
6.1.1. Rising Demand for Convenience Foods
6.1.2. Preference for Ready-to-Cook Frozen Meats
6.1.3. Growing Popularity of Global & Ethnic Flavors
6.2. Market Drivers
6.2.1. Growing Meat Consumption in Developing Countries
6.2.2. Advancements in Freezing Technologies
6.2.3. Expanding Organized Retail Sector
6.3. Market Restraints
6.3.1. Concerns over Nutritional Content
6.3.2. Rising Adoption of Plant-Based Diets
6.4. Market Opportunities
6.5. Porter's Five Forces Analysis
6.5.1. Threat of New Entrants
6.5.2. Bargaining Power of Buyers/Consumers
6.5.3. Bargaining Power of Suppliers
6.5.4. Threat of Substitute Products
6.5.5. Intensity of Competitive Rivalry
6.6. Supply Chain Analysis
6.7. Value Chain Analysis
6.8. Trade Analysis
6.9. Pricing Analysis
6.10. Regulatory Analysis
6.11. Patent Analysis
6.12. SWOT Analysis
6.13. PESTLE Analysis
7. BY PRODUCT TYPE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
7.1. Beef
7.2. Pork
7.3. Poultry
7.3.1. Chicken
7.3.2. Turkey
7.3.3. Duck
8. BY END-USER (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
8.1. Retail Customers
8.1.1. Households
8.1.2. Institutions
8.2. Food Service Industry
8.2.1. Hotels
8.2.2. Restaurants
8.2.3. Catering Services
9. BY DISTRIBUTION CHANNEL (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
9.1. Supermarkets/Hypermarkets
9.2. Convenience Stores
9.3. Online Retail
10. BY REGION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)*
10.1. North America
10.1.1. US
10.1.2. Canada
10.2. Europe
10.2.1. Germany
10.2.2. France
10.2.3. UK
10.2.4. Italy
10.2.5. Spain
10.3. Asia-Pacific
10.3.1. China
10.3.2. India
10.3.3. Japan
10.3.4. Australia
10.3.5. South Korea
10.4. Latin America
10.4.1. Brazil
10.4.2. Mexico
10.4.3. Argentina
10.5. Middle East & Africa
10.5.1. UAE
10.5.2. South Africa
10.5.3. Saudi Arabia
*NOTE: All the regions mentioned in the scope will be provided with (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
Frozen Meat Market Segmentation:
By Product Type:
-
Beef
-
Pork
-
Poultry
-
Chicken
-
Turkey
-
Duck
-
By End-User:
-
Retail Customers
-
Households
-
Institutions
-
-
Food Service Industry
-
Hotels
-
Restaurants
-
Catering Services
-
By Distribution Channel:
-
Supermarkets/Hypermarkets
-
Convenience Stores
-
Online Retail
By Region:
-
North Americ
-
Europe
-
Asia-Pacifi
-
Latin Americ
-
Middle East & Africa
Frequently Asked Questions
We at Aurorawave Intellects Market Report gives total market analysis that suit our customer business need and permit decision maker to run organizations without any problem. We have accomplished greatness in giving start to finish market research arrangements. Our detachment of industry specialists accumulate key data and get ready substance that lines up with our customer's business/specialty.
We at aurorawaveintellects.com offer mainly 3 types of licenses:
• Single User: Research Report copy can be distributed to a single user only
• Multi User: Research Report distribution is restricted up to 5 users.
• Corporate License :Research Report can be distributed across the company.
Based on the nature of the topic or research, the formats vary. The different formats of the report are as following:
• Word Document
• PPT
Following modes are available for making the payment:
• Online Payment (Visa Card, Master Card, Stripe)
• Razorpay
• Net Banking
• Bank Wire Transfer
Our customer service and research specialist team are available by phone and by email. Customer service hours are 24X7 Indian Standard Time (IST). You may reach us at:
• Email: info@aurorawaveintellects.com
• United Kingdom: ++91 7382742511