Frozen Meat Market Strategic Insights and Updates by 2031
The Frozen Meat Market is expected to register a CAGR of 3.4% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The Frozen Meat Market report covers analysis By Type (Beef, Pork, Chicken, Others. On the basis of sales channel, the market is categorized as Retailers and wholesalers, E-commerce companies), and Geography (North America, Europe, Asia Pacific, and South and Central America). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Frozen Meat Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Frozen Meat Market Segmentation
Type- Beef
- Pork
- Chicken
- Others
- Retailers and wholesalers
- E-commerce companies
Strategic Insights
Frozen Meat Market Growth Drivers- Growing Convenience Food:
Busy lifestyles, together with the increasing number of working professionals, have led to higher demand for convenient and ready-to-cook food products. The benefit of frozen meat products includes a longer shelf life and convenience that would enable consumers to store meat over longer periods without worrying about spoilage. The growing preference for ready-to-cook or pre-marinated frozen meats, which require minimal preparation, drives the growth of the market.
- Rising Global Meat Consumption:Global meat consumption is still on the rise as a result of factors like population increase, urbanization, and income improvement, especially in developing countries. As incomes grow, customers can afford to purchase more diversified offerings of meat products, including frozen. An expanding middle class in China, India, and Brazil is helping to raise demand for frozen meat further.
- Advances in Freezer and Packaging Technology:
These freezed and packaged meat products nowadays find takers more easily. Latest freezing techniques, such as flash freezing, preserve its quality better from freezing. Packaging innovations- which are vacuum-sealed as well as airtight packaging-distinguish frozen meat products and elongate its storage capacity before decomposing as its longer usability to it is also an attractive offering for consumers.
- E-commerce and Online Meat Delivery: The rise of online grocery shopping and food delivery services has significantly impacted the frozen meat market. Consumers now prefer the convenience of ordering frozen meat online and having it delivered directly to their doorsteps. E-commerce platforms, including specialized meat delivery services, allow consumers to access a wider variety of frozen meat options and brands, further boosting the market.
- Premium and Gourmet Frozen Meat Products: The trend toward premiumization in the food industry is also affecting the frozen meat market. Consumers are willing to pay more for high-quality, specialty meat products such as grass-fed, free-range, or organic frozen meats. The demand for gourmet meat products, such as aged beef, artisanal sausages, or exotic meats (e.g., venison, kangaroo), is growing as consumers seek unique, higher-end options for their meals.
- Sustainability and Ethical Sourcing: There is an increasing focus on sustainability and ethical sourcing within the frozen meat market. Consumers are becoming more aware of the environmental and ethical concerns related to meat production, such as the carbon footprint and animal welfare. As a result, brands that promote sustainable and ethical sourcing practices, such as free-range, grass-fed, or humanely raised meat, are attracting environmentally conscious consumers.
- Growth of Plant-Based and Alternative Meat Products:
With the increasing demand for plant-based and alternative protein sources, there is an opportunity for frozen meat producers to diversify their offerings by introducing plant-based meat substitutes. Products such as plant-based burgers, sausages, or meatballs are gaining popularity, particularly among health-conscious and environmentally aware consumers. These alternative products can cater to the growing demand for vegan and vegetarian options in the frozen food category.
- Technological Advancements in Freezing and Storage:
Ongoing technological advancements in freezing and cold storage systems provide opportunities for improving the efficiency of frozen meat production, storage, and distribution. Innovations in cryogenic freezing and energy-efficient refrigeration technologies can help reduce costs, increase shelf life, and preserve product quality. Additionally, the development of smart packaging solutions that indicate the freshness and temperature of frozen meat products can enhance consumer confidence.
- Premiumization and Organic Products: As consumers increasingly seek premium and organic food options, there is an opportunity to cater to this demand by offering higher-end frozen meat products. Organic, grass-fed, and free-range meat options are increasingly being sought by consumers who are willing to pay a premium for these healthier, ethically produced products. Developing specialized frozen meat products that align with these trends can help brands stand out in the competitive market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Frozen Meat Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Frozen Meat Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Frozen Meat Market is estimated to witness a CAGR of 3.4% from 2023 to 2031.
The major factors driving the market are: Demand for convenient meal solutions, Improved freezing technology, Growth of the food service industry
Key future trends in this market are -
Key companies of this market are: Marfrig Group, Kerry Group Plc., BRF S.A., Verde Farms, LLC, Arcadian Organic & Natural Meat Co, Associated British Foods Plc., Pilgrim's Pride Corporation, Tyson Foods, Inc., Cargill Incorporated,
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Frozen Meat Market - By Type
1.3.2 Frozen Meat Market - By Sales Channel
1.3.3 Frozen Meat Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FROZEN MEAT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.3. EXPERT OPINIONS
5. FROZEN MEAT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. FROZEN MEAT MARKET - GLOBAL MARKET ANALYSIS
6.1. FROZEN MEAT - GLOBAL MARKET OVERVIEW
6.2. FROZEN MEAT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FROZEN MEAT MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. BEEF
7.3.1. Overview
7.3.2. Beef Market Forecast and Analysis
7.4. PORK
7.4.1. Overview
7.4.2. Pork Market Forecast and Analysis
7.5. CHICKEN
7.5.1. Overview
7.5.2. Chicken Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. FROZEN MEAT MARKET - REVENUE AND FORECASTS TO 2028 - SALES CHANNEL
8.1. OVERVIEW
8.2. SALES CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. RETAIL CUSTOMERS
8.3.1. Overview
8.3.2. Retail customers Market Forecast and Analysis
8.4. FOOD SERVICE
8.4.1. Overview
8.4.2. Food service Market Forecast and Analysis
9. FROZEN MEAT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL FROZEN MEAT MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. FROZEN MEAT MARKET, KEY COMPANY PROFILES
12.1. MARFRIG GROUP
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. KERRY GROUP PLC.
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. BRF S.A.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. VERDE FARMS, LLC
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. ARCADIAN ORGANIC AND NATURAL MEAT CO
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. ASSOCIATED BRITISH FOODS PLC.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. PILGRIM'S PRIDE CORPORATION
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. TYSON FOODS, INC.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. CARGILL INCORPORATED
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
1. Marfrig Group
2. Kerry Group Plc.
3. BRF S.A.
4. Verde Farms, LLC
5. Arcadian Organic & Natural Meat Co
6. Associated British Foods Plc.
7. Pilgrim's Pride Corporation
8. Tyson Foods, Inc.
9. Cargill Incorporated
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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