Product Code: CMI2576
The frozen meat market is estimated to be valued at USD 24.85 Bn in 2024 and is expected to reach USD 31.65 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 24.85 Bn |
Historical Data for: |
2019 to 2023 |
Forecast Period: |
2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: |
3.50% |
2031 Value Projection: |
US$ 31.65 Bn |
Figure. Frozen Meat Market Share (%), By Region 2024
The global frozen meat market has witnessed significant growth over the past few years owing to changing lifestyles and growing demand for convenience food products. Frozen meat products can be stored for longer durations than fresh meat and provide flexibility in terms of consumption. Rapid urbanization coupled with increasing number of working women joining the workforce have boosted the popularity of frozen meat that saves time for cooking. Moreover, frozen meat is often processed and packaged hygienically with proper handling during freezing and transportation, which increases its shelf life without spoiling the taste and nutrients. Various meat products in frozen form such as beef, pork, chicken, and lamb are readily available across supermarkets, hypermarkets, online retail channels as well as restaurants.
Market Dynamics:
The frozen meat market is driven by growing health consciousness among consumers regarding the risk of foodborne illness from fresh meat products. The longer shelf life of frozen meat allows easier transportation and distribution to remote locations, thereby enhancing availability. Significant expansion of the retail landscape including online grocery platforms in recent years has augmented the sales of frozen meat. However, higher prices of frozen meat compared to fresh meat acts as a restraint. Moreover, preference for fresh produce by a section of consumers inhibits the market growth. New product launches with innovative packaging solutions and rising popularity of private label brands present lucrative opportunities. Intensifying competition among distributors and retailers is prompting them to offer frozen meat products at competitive rates.
Key Features of the Study:
- This report provides in-depth analysis of the global frozen meat market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global frozen meat market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include Kerry Group Plc, BRF S.A., Verde Farms LLC, JBS S.A., Marfrig Global Foods S.A., Cargill Inc., Tyson Foods Inc., Pilgrim's Pride Corporation, V H Group., Arcadian Organic and Natural Meat Co., Verde Farms, Xiamen Yinxiang Group Co. Ltd, Allana , AL-Shah Enterprises, Al Aali Exports Pvt. Ltd., and International Agro Foods.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global frozen meat market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Detailed Segmentation-
- By Meat Type:
- Poultry
- Beef
- Pork
- Seafood
- Others
- By Distribution Channel:
- Supermarkets/Hypermarkets
- Online
- Convenience Stores
- Others
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- Kerry Group Plc
- BRF S.A.
- Verde Farms LLC
- JBS S.A.
- Marfrig Global Foods S.A.
- Cargill Inc.
- Tyson Foods Inc.
- Pilgrim's Pride Corporation
- V H Group.
- Arcadian Organic and Natural Meat Co.
- Verde Farms
- Xiamen Yinxiang Group Co. Ltd
- Allana
- AL-Shah Enterprises
- Al Aali Exports Pvt. Ltd.
- International Agro Foods
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Meat Type
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions
4. Global Frozen Meat Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting the Global Frozen Meat Market
- Impact Analysis
5. Global Frozen Meat Market, By Meat Type, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Poultry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Beef
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Pork
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Seafood
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
6. Global Frozen Meat Market, By Distribution Channel, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Supermarkets/Hypermarkets
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Online
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Convenience Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
7. Global Frozen Meat Market, By Region, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019-2031
- North America
- Introduction
- Market Size and Forecast, By Meat Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- Latin America
- Introduction
- Market Size and Forecast, By Meat Type, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Meat Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Meat Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Introduction
- Market Size and Forecast, By Meat Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- GCC Countries
- Israel
- Rest of Middle East & Africa
8. Competitive Landscape
- Market Share Analysis
- Company Profiles
- Kerry Group Plc
- Company Overview
- Meat Type Portfolio
- Recent Developments/Updates
- BRF S.A.
- Company Overview
- Meat Type Portfolio
- Recent Developments/Updates
- Verde Farms LLC
- Company Overview
- Meat Type Portfolio
- Recent Developments/Updates
- JBS S.A.
- Company Overview
- Meat Type Portfolio
- Recent Developments/Updates
- Marfrig Global Foods S.A.
- Company Overview
- Meat Type Portfolio
- Recent Developments/Updates
- Cargill Inc.
- Company Overview
- Meat Type Portfolio
- Recent Developments/Updates
- Tyson Foods Inc.
- Company Overview
- Meat Type Portfolio
- Recent Developments/Updates
- Pilgrim's Pride Corporation
- Company Overview
- Meat Type Portfolio
- Recent Developments/Updates
- V H Group.
- Company Overview
- Meat Type Portfolio
- Recent Developments/Updates
- Arcadian Organic and Natural Meat Co.
- Company Overview
- Meat Type Portfolio
- Recent Developments/Updates
- Verde Farms
- Company Overview
- Meat Type Portfolio
- Recent Developments/Updates
- Xiamen Yinxiang Group Co. Ltd
- Company Overview
- Meat Type Portfolio
- Recent Developments/Updates
- Allana
- Company Overview
- Meat Type Portfolio
- Recent Developments/Updates
- AL-Shah Enterprises
- Company Overview
- Meat Type Portfolio
- Recent Developments/Updates
- Al Aali Exports Pvt. Ltd.
- Company Overview
- Meat Type Portfolio
- Recent Developments/Updates
- International Agro Foods
- Company Overview
- Meat Type Portfolio
- Recent Developments/Updates
9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. Section
- References
- Research Methodology
- About Us and Sales Contact
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