The goal of the Global "Frozen Meat Market" (2021-2027) study is to assist users understandthe market in terms of its definition, segmentation, market potential,significant trends, and obstacles, as well as 10 major regions and 30 maincountries. The Frozen Meat Market study was created after extensive researchand analysis. This research will assist readers in gaining a thoroughunderstanding of the market. The research team forecasts that the Frozen Meat market will grow at a CAGRof 5% in the coming year. The market is expected to grow from 2021 to 2027.
The frozen food industry is expected to be worth around USD244.3 billion in 2020 and USD 312.3 billion by 2025, with a CAGR of 5.0percent. The industry is being driven by changes in the retail landscape,increased demand for convenience foods, and technological developments in thecold chain sector. The growing desire for fresh and natural food products, onthe other hand, is a stumbling block for the frozen food business.
The data and statistics for the Frozen Meat market were gathered from reputable sources such aswebsites, annual reports of companies, journals, and other publications, andwere double-checked and validated by industry professionals. Diagrams, graphs,pie charts, and other graphic representations are used to represent the factsand data in the report. This improves the visual depiction and also aids in abetter grasp of the information.
In 2018, the worldwide frozenmeat market was worth USD 73.3 billion, and it is expected to grow at a CAGRof 4.4 percent from 2019 to 2025. Changes in lifestyle and dietary tastes,seasonality, and the acceptance of ready-to-eat food are all factorscontributing to the market's rise. The market is growing because totechnological developments that extend the shelf life of frozen products andongoing attempts to supply the highest quality products, particularly meatproducts.
Certain meat products are only accessible during certaintimes of the year. Manufacturers are concentrating on introducing various typesof frozen foods in this area to meet demand for meat products and solveseasonality issues. The market is being driven by a shift in people'slifestyles around the world and a rise in demand for ready-to-eat meals. Overthe projected period, the market is expected to rise at a faster rate due to agrowing working population, rising per capita income in developing nations, andincreased demand for frozen food products.
Beef, chicken, pork, and other products are segmented in themarket. Due to increased consumption and import of frozen beef by Asiancountries and on a global scale, frozen beef had the greatest market share ofmore than 30.0 percent in 2018.
Over the projected period, the beef segment is expected toincrease at the fastest rate, followed by pork and chicken. Beef demand ispredicted to rise as a result of its high protein content when compared toother meat types. Pork demand is driving the market, which is being driven byfrozen meat imports and exports between countries.
Consumers demand proper scanning of the product, legitimacy,contents, and variety before purchase, therefore the offline channel has beendriving the industry. The online distribution channel, however, is gainingtraction among customers, thanks to increased smartphone and internet access,as well as the convenience afforded by e-commerce platforms. For example,online grocery companies such as eButler and ExpatShop provide frozen food andother supermarket items to South African customers. Because of the convenienceof doorstep delivery and access to a large selection of brands and products,online shopping is becoming more popular among internet users.
