Global Frozen Meat Market - 2023-2030

Global Frozen Meat Market - 2023-2030

The Global Frozen Meat Market size reached US$ 80 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 165 billion by 2030. The market is growing at a CAGR of 4.9% during the forecast period 2023-2030.

The frozen meat market is driven by including the growing demand for convenient and easy-to-prepare meals, the increasing popularity of fast food and changing dietary habits. The frozen meat market is also influenced by changing consumer preferences, with many consumers seeking out meat products that are free from hormones, antibiotics and other additives. The frozen meat market is expected to continue to grow, as companies innovate and adapt to changing consumer demands and market conditions.

Market Dynamics

Changing Dietary Habits and the Popularity of Meat-Based Diets Drives the Market

Changing dietary habits and the popularity of meat-based diets are significant drivers of the global frozen meat market. As more consumers adopt meat-based diets, the demand for frozen meat products market continues to grow. The convenience and long shelf life of frozen meat products make them an attractive option for busy consumers who want to incorporate meat into their diets.

Additionally, the increasing popularity of fast food and quick-service restaurants has also contributed to the growth of the frozen meat market. Frozen meat products are a key ingredient in many fast food items and are therefore in high demand by the fast food industry.

Technological Advancements in Freezing and Storage Techniques Drive the Market Growth

Technological advancements in freezing and storage techniques have been major drivers of the global frozen meat market. The development of more efficient and effective freezing technologies has allowed manufacturers to produce higher-quality frozen meat products at lower costs. These advancements have also resulted in improved storage techniques that can maintain the quality of frozen meat products for longer periods.

Additionally, innovations in packaging materials and designs have helped to improve the quality of frozen meat products during transportation and storage. The use of advanced technologies such as blast freezing, cryogenic freezing and vacuum packaging has also helped to enhance the texture, taste and nutritional value of frozen meat products.

COVID-19 Impact Analysis

The COVID-19 pandemic had a mixed impact on the global frozen meat market. While the closure of food service establishments led to a decline in demand, the surge in demand from retail stores helped to offset the losses. The disruption in the global supply chain affected the availability of raw materials and ingredients, while the shift in consumer preference towards plant-based meat alternatives restrained the growth of the market. However, the implementation of safety measures helped to restore consumer confidence and stabilize the market.

Artificial Intelligence Impact Analysis

The global frozen meat market is experiencing a significant impact from Artificial Intelligence (AI) adoption. AI-powered systems are being used to enhance production efficiency, optimize packaging and distribution and monitor product quality. The use of AI is helping manufacturers to improve efficiency and meet the increasing demand for high-quality frozen meat products.

Segment Analysis

The global frozen meat market is segmented based on meat type, distribution channel, end user and region.

Increased Demand for Ready-To-Eat and Convenience Foods

The beef segment has held the largest share of the frozen meat market due to the high demand for beef products in various countries. The popularity of beef products can be attributed to the rich flavor, high protein content and versatility of beef in various cuisines. The availability of different cuts of beef, such as ground beef, steaks and beef patties, has also contributed to the growth of this segment.

Additionally, the increasing demand for ready-to-eat and convenience foods has boosted the demand for frozen beef products. Furthermore, the demand for premium and organic beef products has also driven the growth of the beef segment in the global frozen meat market.

Geographical Analysis

Increased Demand for Frozen Meat From the Growing Food Service Industry in Asia Pacific

The Asia-Pacific region has dominated the global frozen meat market in 2022. The region has a large population with increasing disposable income and changing dietary habits, leading to a surge in demand for frozen meat products.

Furthermore, the growing food service industry in countries such as China, Japan and India has also driven the growth of the frozen meat market in the region. The presence of key manufacturers in the Asia-Pacific region has also contributed to the growth of the market.

Competitive Landscape

The major global frozen meat market players include Tyson Foods, Inc., Al-Hamd Agro Food Products Pvt. Ltd., Tendercut Meats, Northgate Foods, Advancepierre Foods Inc., Foster Farms, JBS, Sanderson Farms, Incorporated, Marfrig and Meat Masters.

Why Purchase the Report?
• To visualize the global frozen meat market segmentation based on meat type, distribution channel, end user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of frozen meat market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The Global Frozen Meat Market Report Would Provide Approximately 61 Tables, 53 Figures and 114 Pages.

Target Audience 2023
• Manufacturers / Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies