Frozen Processed Meat Market Overview
Frozen Processed Meat Market is expected to register 6.8% CAGR from 2022 to 2032 and reach USD 61.9 billion by the end of 2032.
In order to extend the shelf life, convenience, and flavour of various meat products, the frozen processed meat market is a dynamic sector of the global food business. The frozen processed meat market is primarily driven by shifting consumer lifestyles, urbanisation, and a rise in the desire for quick-to-prepare foods. The market offers a wide variety of goods, including meatballs, chicken nuggets, sausages, and hamburgers, to both domestic and business customers.
Frozen processed meats are valued by consumers for their longer shelf lives, simplicity of preparation, and range of flavours and tastes. In addition, the industry is seeing a surge in demand for gourmet and premium frozen meat products, as well as halal alternatives in some areas. Supermarkets, convenience stores, online retailers, and restaurants are all examples of distribution channels.
Key players are.
Marfrig Group (Brazil), Kerry Group Plc. (Ireland), BRF S.A. (Brazil), Associated British Foods Plc (UK), Pilgrim’s Pride Corporation (US), Cargill Incorporated (US), Tyson Foods, Inc. (US), JBS S.A. (Brazil), BRF S.A. (Brazil), Hormel Foods Corporation (US), NH Foods Ltd. (Japan), Smithfield Foods (US), Flanders Provision (US), Conagra Foods (US), and Keystone Foods (US) are some of the global frozen processed meat market companies.
Segmentations
Product Type: There are several different product categories that make up the frozen processed meat market, such as sausages, burgers, chicken nuggets, meatballs, and more. By area and culture, consumers' preferences for particular meat items change.
Distribution Channel: Frozen processed meat products are sold through a variety of channels, including convenience stores, supermarkets/hypermarkets, internet shopping, and the foodservice industry. The consumer's convenience and regional market dynamics frequently influence the selection of the distribution channel.
End-Users: In addition to individuals, restaurants, fast-food chains, and catering services are among the end-users of frozen processed meat. The frozen processed meat market serves both residential and business customers.
Processing Method: Meats that have been cooked, smoked, or otherwise processed are included in this segmentation. The final product's flavour and texture are influenced by the processing technique.
Regional Analysis
North America: The United States and Canada are the region's two largest for frozen processed meat industry. The demand for quick meal options and the hectic lifestyles prevalent in the area have increased the consumption of frozen beef products. Additionally, frozen meat snacks and appetisers are becoming more and more popular.
Europe: With nations like Germany, France, and the United Kingdom considerably contributing to consumption, Europe is another key market for frozen processed beef. Convenience and a rising taste for high-end and gourmet options are driving up demand for high-quality, ready-to-eat beef products.
Asia-Pacific: The frozen processed meat market is increasing rapidly in this region, mostly as a result of changing dietary preferences, urbanisation, and an escalating middle-class population. As customers look for convenient and hygienic protein sources, the demand for frozen beef products is increasing in emerging economies like China and India.
Latin America: Due to rising consumer knowledge of the convenience and extended shelf life that these goods offer, Latin America is an emerging frozen processed meat market. The region's two major players, Brazil and Mexico, are seeing an increase in demand for frozen meat-based snacks and prepared meals.
Middle East and Africa: The market for frozen processed meat is expanding throughout the Middle East and Africa, with an emphasis on halal and premium meat products. The market has grown in this area as a result of urbanisation and a burgeoning expatriate population.
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