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Frozen Meat Market by Product Type (Beef, Pork, Chicken), by Distribution Channel (Convenience Stores, Supermarket & Hypermarket, Online), by North America (United States, Canada, Mexico), by Middle East & Africa (UAE, South Africa, Saudi Arabia, Rest of Middle East Africa), by Asia Pacific (China, Japan, India, South Korea, Taiwan, South East Asia, Australia, Rest of Asia-Pacific), by Europe (Germany, France, Italy, United Kingdom, Spain, Nordics, Benelux, Rest of Europe), by Latin America (Brazil, Argentina, Rest of South America) Forecast 2024-2032
The Frozen Meat Market size was valued at USD 1.96 billion in 2023 and is projected to reach USD 3.54 billion by 2032, exhibiting a CAGR of 8.8 % during the forecast period. Frozen meat means meat that has been exposed to a low temperature to preserve it and enhance its quality. This method ceases the growth of microbes and other chemical reactions resulting in spoilage of food. The main species involved are beef, pork, poultry, and lamb, these can be in different further processed forms like whole, steaks or minced/chopped. Freezing means of conservation predicated by prolonged life span, easier storage and handling as well as decreased rates of spoilage of the frozen meat. It’s used in home as well as industrial kitchens both for cooking food, serving food as well as in meat processing. Frozen meat guarantees the availability of quality products concerning consumers’ requirements and helps to control food storage.
The market is concentrated in the hands of a few major players, such as Company Profilesstrong, Kerry Group Plc, Margrif Group, and BRF SA. These companies have a strong presence in multiple regions and offer a wide range of frozen meat products. The market is highly fragmented, with a large number of small and medium-sized players.
Beef: Beef is the most popular type of frozen meat, accounting for over 50% of the market share. It is widely used in various dishes, including burgers, steaks, and roasts.
Pork: Pork is the second most popular type of frozen meat, accounting for about 25% of the market share. It is commonly used in dishes such as sausages, bacon, and ham.
Chicken: Chicken is the third most popular type of frozen meat, accounting for about 15% of the market share. It is a versatile meat that can be used in a wide variety of dishes.
The market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America is the largest regional market, followed by Europe. Asia-Pacific is expected to witness the highest growth rate during the forecast period.
The market is witnessing several trends, including:
The market can be segmented by product type, distribution channel, and end-user.
The leading players in the frozen meat market include:
The frozen meat sector has witnessed several significant developments in recent years, including:
The Frozen Meat Market Report provides comprehensive coverage of the market, including key insights, market concentration, product insights, regional insights, trends, driving forces, challenges, and restraints. It also includes a detailed analysis of market segmentation, leading players, and significant developments.
Product Type:
Distribution Channel:
End-User:
Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 8.8% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 8.8% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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