Frozen Pork Belly Market Forecast and CAGR
Over the projected period, global demand for frozen pork belly is expected to rise steadily. Due to its widespread use in restaurants and use in the fast-growing bacon sector, the product's demand continues to rise.
Due to the tendency of bringing something fresh to the table in the food chain sector, pig belly is becoming increasingly popular in a variety of other cuisines, therefore pushing the frozen pork belly market by 2031.
Growing Bacon Market to Propel Demand of Frozen Pork Belly
Bacon's reign as pig-part prince continues to grow. Foodservice outlets have expanded their menu options by selling a variety of bacon-containing products, resulting in frozen pork belly market growth.
Technological improvements to extend the shelf life of frozen pork belly are propelling the market's expansion, such as the use of the proper packing gas, the detection of insufficient cooling using an intelligent packaging concept such as Time-Temperature Indicators, and so on.
Food influencers are also introducing their fans to the use of pork belly in a variety of dishes like burritos, pizza, tacos on breakfast sandwiches, etc. Food blogs, YouTube videos, articles, and other forms of social sharing have helped the product gain traction in various parts of the world.
The frozen pork belly market is also expanding due to the demand by fast-food selling trucks, to-go shops, and drive-thru windows.
“Chefs from prominent restaurant chains and manufacturers are out eating and starting to work out what's next, and they discovered pork belly,” said Stephen Gerike, the National Pork Board's head of food-service marketing and innovation.
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E-commerce to Boost the Sales of Frozen Pork Belly
E-commerce and online food delivery services are becoming more popular. Food outlets and restaurants all over the world rely on frozen pork belly goods to meet the demand for pig meals, owing to the fast-paced lifestyle. Supermarkets and hypermarkets still account for the majority of frozen pork belly sales.
Custom frozen pork belly packs, such as slabs cut into pre-portioned slices and caramelized to bring out the colour, slices packed in small packs that are convenient for stores to use, etc, are also increasing sales.
The US and Canada Frozen Pork Belly Market
The US Frozen pork belly market is to notice a prominent growth rate during the assessment period 2021-2031.
Pork belly products account for a considerable portion of consumer food spending in the United States. The pandemic thrust consumption, manufacturing, and availability of the product into the national spotlight, making it a high-profile part of the US food supply chain. This increased interest underscores the fact that frozen pork belly is an important part of most Americans' diets, bolstering the frozen pork market.
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Europe Demand Outlook for Frozen Pork Belly Market
Northern Europeans have a tradition of eating pork bellies. Pork is one of the most popular types of red meat in the area. Bacon, a pork belly product, is also frequently consumed and is predicted to be in high demand in the region over the forecast period.
Tariff reductions from recently adopted free trade agreements significantly boost demand for EU pork, resulting in increased production, therefore, leading to a rise in the frozen pork belly market by 2031.
Frozen Pork Belly Market: Key Players
Some key manufacturers functioning in business in Frozen pork belly market includes
- JBS S.A.
- Vall Companys Grupo
- Tyson Foods Inc.
- Cooperl Arc
- The Maschoffs
- Nonghyup Agribusiness
- Seaboard Corp.
- CP Group
- LDC, SYSCO Corp.
- Smithfield Foods Inc.
- Triumph Foods
- WH Group
- Butterball LLC
- Wen's Food Group
- JBS USA
- Holdings Inc.
- Hormel Foods Corp
- Yurun Group
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
An Adaptive Approach to Modern-day Research Needs
Frozen Pork Belly Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Frozen Pork Belly Market: Market Segmentation
Based on distribution channel, the global frozen pork belly market can be segmented as:
- Convenience Stores
- Specialty Stores
- Online Retail Stores
Based on form, the global frozen pork belly market can be segmented as:
Based on application, the global frozen pork belly market can be segmented as:
Based on the region, the global frozen pork belly market can be segmented as:
- North America
- U.S. and Canada
- Latin America
- Mexico, Brazil, Peru, Chile, and others
- Western Europe
- Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg
- Eastern Europe
- Poland and Russia
- Asia Pacific
- China, India, Japan, ASEAN, Australia, and New Zealand
- The Middle East and Africa
- GCC, Southern Africa, and North Africa
- North America
NOTE: Although care has been taken to maintain the highest levels of accuracy in reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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