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Frozen Meat Market

Frozen Meat Market

Frozen Meat Market Analysis, By Product Type (Beef, Pork, Poultry Meat, Sheep Meat), By Nature (Organic Frozen Meat, Conventional Frozen Meat), By End Use Application (Food Processing, Food Service, Retail) - Global Market Insights 2021 to 2031

Frozen Meat Market
  • Nov-2021
  • List of Tables : 136
  • List of Figures : 105
  • 170 Pages
  • Food & Beverage

Market Snapshot

The global frozen meat market analysed by Fact.MR estimates that the market enjoyed year-on-year (YoY) growth of 5.5% in 2021 to total 8,284,722 MT.

Fact.MR, a market research and competitive intelligence provider, reveals that frozen meat products hold 32.5% share in the global frozen food market, and are expected to witness a prominent CAGR of 6.5% to reach a valuation of US$ 61.5 Bn by 2031.

Frozen Meat Market Size in 2021 US$ 32.8 Bn
Market Forecasted Value for 2031 US$ 61.5 Bn
Global Market Growth Rate (2021 to 2031) 6.5% CAGR
Market Share of India in South Asia Region 59%

Frozen Meat Consumption Analysis (2016-2020) Vs Market Projections (2021-2031) 

Consumers are turning towards ready-to-cook meals to fill the gap between hectic work schedules and nutritional intake of protein, iron, and other nutrients in their day-to-day diets, creating opportunities for frozen meat products used in semi-cooked food products, such as frozen beef, frozen chicken, frozen pork, and so on.

To fulfil this rising demand, growing number of frozen meat product manufacturers are joining the market, with newcomers spreading to new markets. As a result, most countries' food trading in the frozen meat industry is becoming increasingly international. Due to this, supply chains are becoming larger and more complicated, leading to a rise in the need for meat to stay fresh for extended periods, thereby driving frozen meat sales.

Food retailers and supermarkets want products to maintain the desired visual appearance, scent, and other quality features of processed meat products for longer periods of time while on supermarket shelves to keep up sales, which is pushing up frozen meat demand globally.

Frozen food has gained popularity in developing and developed nations as a result of strategic and technological advancements. For example, free frozen freezing technology has a number of advantages that allow manufacturers to recoup the cost of the freezing equipment in less time, as such, promoting the production of frozen meat products.  

Most meat processing enterprises are now using this technology as a standard, such as the EU Poultry Group, allowing them to enhance production levels and grow geographically by shipping products to different areas and nations.

Frozen meat market by product type from Fact.MR

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Country-wise Analysis

Will Rising Demand for Convenience Food in China Boost Frozen Meat Consumption?

According to Fact.MR, the frozen meat industry in China is expected to expand at a CAGR of 4.2% through 2031. One of the major factors positively influencing frozen meat sales in China is rising demand for convenience foods along with excellent development of the retail sector - rising number of large retail chains, including hypermarkets and supermarkets, which is promoting demand for frozen meat in the country. 

Will Strong Distribution Channels Benefit the Indian Market for Frozen Meat?

The frozen meat industry in India is surging due to significant coverage of distribution channels in the country. The evolution of modern retail outlets such as D-Mart, Food Bazaar, Spencers, and online grocery stores such as Big Basket and Groffer’s in the frozen meat industry in India led to positive growth of 6.9% at present (2021), and is expected to increase the market value to US$ 5.5 Bn by 2031.

How is High Demand for Shelf-Stable Meat in Germany Affecting Frozen Meat Sales?

The frozen meat sector in Germany is experiencing a rise at a CAGR of 3.8%. This is attributed to the augmented need for longer frozen meat shelf life by both, manufacturers and retailers. It will give more time to transport and sell meat products and also lead to inventory shrinkage due to reduced spoilage, thereby driving frozen meat consumption in the country.  

Category-wise Insights

Health Consciousness to Propel Frozen Organic Meat Demand

The global frozen organic meat market is expected to increase to US$ 6.75 Bn at a CAGR of 7.7% through 2031.

The market for organic meat products is expected to grow in response to customers' growing preference for frozen organic products. This can be linked to growing health concerns and increased understanding of the health benefits related to organic meat products.

According to The Organic Trade Association, sales of organic food items in the United States hit US$ 50.1 Bn in 2019, up 4.6% from the previous year. Organic meat has been more popular in recent years, and rising demand for organic foods is expected to fuel demand for frozen organic meat products over the projection period.

Will Increased Availability of Beef Boost the Frozen Beef Market Valuation?

The frozen beef market is expected to rise at a CAGR of 6% due to increased quantities of slaughter-ready cattle and rising carcass weights due to high incidence of male slaughter, according to the US Department of Agriculture.

Meanwhile, increased cow supply and improved slaughterhouse margins are likely to boost beef production in Brazil (USDA). Carabeef production in India will resume its recovery in 2021, following a steep reduction in output in 2020 due to severe supply chain interruptions.

An Adaptive Approach to Modern-day Research Needs

Competition Landscape

Frozen meat suppliers are taking strategic steps towards broadening their distribution networks to reach new markets.

  • For example, BRF S.A. has a well-established distribution network that can deliver frozen food products to practically any part of Brazil. In addition, BRF exports its products to over 140 countries and has its own distribution networks, through which, it distributes directly to local food processors and wholesalers.

Similarly, recent developments related to companies supplying frozen meat have been tracked by the team at Fact.MR, which are available in the full report.

Frozen Meat Industry Report Scope

Attribute Details
Forecast Period 2021-2031
Historical Data Available for 2016-2020
Market Analysis US$ Mn for Value & MT for Volume
Key Regions Covered
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa
Key Countries Covered
  • U.S.
  • Canada
  • Brazil
  • Mexico
  • Argentina
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Nordic
  • Poland
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • South Africa
  • GCC Countries
  • Turkey
  • Northern Africa
  • South Africa
Key Segments Covered
  • Product Type
  • Nature
  • End-use Application
Key Companies Profiled
  • Kerry Group Plc.
  • Associated British Foods Plc
  • BRF S.A.
  • Marfrig Group.
  • Tyson Foods, Inc.
  • Arcadian Organic and Natural Meat Co.
  • Pilgrim`s Pride Corporation
  • Verde Farms
  • Cargill Beef
  • Others
Pricing Available upon Request

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Main Segments Covered in Frozen Meat Industry Research

  • By Product Type

    • Beef
    • Pork
    • Poultry Meat
    • Sheep Meat
  • By Nature

    • Organic Frozen Meat
    • Conventional Frozen Meat
  • By End Use Application

    • Food Processing Industry
    • Food Service Industry
    • Retail
      • Hypermarkets/Supermarkets
      • Traditional Grocery Stores
      • Convenience Stores
      • Discount Stores
      • Online Retail Stores
      • Others

Frozen meat Market: Report Scope

A recent study by Fact.MR on the frozen meat market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates recent market developments, strategic market growth analysis, market size, category market growths, product approvals, product launches, geographical expansions, and technological innovations associated with frozen meat market.

The study also provides the dynamics responsible for influencing the future status of the frozen meat market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies manufacturing frozen meat, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of frozen meat across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of frozen meat during the forecast period. Price point comparison by region with global average price is also considered in the study.

Key Questions Answered in Report

  • Which are the most lucrative markets for frozen meat?
  • Which factors will impact the growth of the market?
  • How will changing trends impact the strategies of market players?
  • How can market players capture the low-hanging opportunities across regions?
  • Which companies are leading the frozen meat industry?
  • What are the winning strategies of stakeholders in the market?

Analysis on Market Size Evaluation

The market has been analyzed for each segment in terms of volume (MT) and value (US$ Mn).

Market estimates at global and regional levels for frozen meat is available in terms of “US$ Mn” for value and in “MT” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global frozen meat market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the frozen meat market during the forecast period.

Country-specific valuation on demand for frozen meat has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value and volume for emerging countries has also been included in the report.

Competition Analysis

The report sheds light on leading manufacturers of frozen meat, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering frozen meat have been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the frozen meat market.

- FAQs -

Currently, the global frozen meat market is worth around US$ 32.8 Bn.

Frozen meat consumption is expected to increase at a CAGR of around 6.5% over the period of 2021-2031.

In terms of revenue, frozen meat sales increased at a CAGR of around 4.9% during 2016-2020.

Global frozen meat sales are forecasted to surpass US$ 61.5 Bn by the end of 2031.

Kerry Group Plc., Marfrig Group, BRF, Associated British Foods Plc., and Pilgrim's Pride Corporation are the top 5 players driving market growth.

The U.S., Australia, India, and China, are majorly driving demand for frozen meat.

Europe holds around 32.8% of global frozen meat revenue share.

The U.S. market is projected to surge at a CAGR of around 5.5% over the next ten years.

The report presents detailed cost analysis of frozen meat based on product type, i.e., beef, pork, poultry meat, and sheep meat.

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.