Global Frozen Poultry and Meat Market Segmentation, By Product Type (Frozen Meat, Frozen Poultry), Distribution Channel (Supermarkets and Hypermarkets, Traditional Grocery Stores, Convenience Stores), End- User (Retail Customers, Food Service, Business Customers) – Industry Trends and Forecast to 2031.
Global Frozen Poultry and Meat Market Size
Global frozen poultry and meat market size was valued at USD 81.91 billion in 2023 and is projected to reach USD 121.02 billion by 2031, with a CAGR of 5.00% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
|
Attributes
|
Frozen Poultry and Meat Key Market Insights
|
|
Segmentation
|
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America
|
|
Key Market Players
|
JBS S.A. (U.S), The Kraft Heinz Company (U.S), BRF (Brazil), Astral Foods (South Africa), Hormel Foods Corporation (U.S), 2 Sisters Food Group (UK), Waitrose & Partners (UK),Wm. Morrison Supermarkets Limited (U.K), Samworth Brothers (U.K), General Mills Inc (U.S), Conagra Brands, Inc (U.S), Nestlé SA (U.S), Unilever (UK), Kellogg Co (U.S), McCain Foods Ltd. (U.S), Associated British Foods plc (U.K), Ajinomoto Foods (Japan), LantmännenUnibake (Germany)
|
Global Frozen Poultry and Meat Market Definition
Frozen meat storage is a standard method of conservation. This reduces after-death enzyme activity, inhibits microbial expansion, and increases market shelf-life. The frozen meat that has been wrapped in a package and stored at 0°C temperature is safe to eat. As a result, frozen meat is frequently transported overseas or internationally. Certain foods and meats are seasonal and only available in a specific area, so the adoption of freezer technology allows for food storage throughout the year and supply across the globe.
Frozen food is a concept in which food is kept frozen to prevent it from spoiling. Restaurants now own a large amount of frozen meat on hand to avoid a meat shortage— this-aids in preserving the quality and texture of meat and poultry products.
Frozen Poultry and Meat Market Dynamics
Drivers
- Rising preference for experiencing different food commodities
Customers' increasing preferences for frozen things and their interest in expanding information and eagerness to experience multiple nutritional values are the primary key learning propelling the business.
- Wide use of e-commerce portals
Due to the product's ease of use and time savings, the market is growing in popularity among consumers, particularly young professionals. This scenario is expected to provide potential opportunities for the global market by introducing new product varieties. Over the last few years, stable economic growth associated with the developing mining industry has increased the number of job opportunities, thereby increasing the average income of consumers.
Furthermore, due to the growing penetration of e-commerce and online delivery services driven by an accelerated lifestyle, eateries and restaurants worldwide are relying on frozen meat products to meet the demand for meat dishes. This scenario anticipates global market growth in the coming years.
Opportunity
To meet this rising demand, many frozen meat product manufacturers are entering the market, with new entrants expanding into new markets. As a result, food trading in the frozen meat industry is becoming increasingly international. As a result, supply chains are becoming larger and more complicated, resulting in a greater need for meat to remain fresh for extended periods, driving frozen meat sales.
Restraints
High costs associated with the acquisition of freezing equipment may pose a significant threat to the growth of the global frozen meat market. Furthermore, frozen foods contain various types of preservatives that will affect the human body, which is another major factor expected to impede the growth of the global frozen meat market during the forecast period.
This frozen poultry and meat market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the frozen poultry and meat market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Frozen Poultry and Meat Market Scope
The frozen poultry and meat market is segmented on the basis of product, end-use and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Frozen meat
- Frozen poultry
- Others
Distribution channel
- Supermarkets and hypermarkets
- Traditional grocery stores
- Convenience store
- online
End users
- Retail Customers
- Food Service
- Business Customers
Frozen Poultry and Meat Market Regional Analysis
The frozen poultry and meat market is analyzed and market size insights and trends are provided by country, product, end-use and application as referenced above.
The countries covered in the frozen poultry and meat market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Currently, the market in North America accounts for the majority of market share and is expected to drive growth over the forecast period. This is primarily due to people's high disposable income combined with a hectic lifestyle, changing eating habits, and a preference for ready-to-eat products in this region's countries. The Asia Pacific market is expected to grow the fastest soon due to changing eating habits, and increasing working-class population, the strong influence of Western food habits, rising disposable incomes, busy lifestyles, and a thriving modern retail industry few factors.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Frozen Poultry and Meat Market Share
The frozen poultry and meat market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to frozen poultry and meat market.
Frozen Poultry and Meat Market Leaders Operating in the Market Are:
- JBS S.A. (U.S)
- The Kraft Heinz Company (U.S)
- BRF (Brazil)
- Astral Foods (South Africa)
- Hormel Foods Corporation (U.S)
- 2 Sisters Food Group (UK)
- Waitrose & Partners (UK)
- Wm. Morrison Supermarkets Limited (U.K)
- Samworth Brothers (U.K)
- General Mills Inc (U.S)
- Conagra Brands, Inc (U.S)
- Nestlé SA (U.S)
- Unilever (UK)
- Kellogg Co (U.S)
- McCain Foods Ltd. (U.S)
- Associated British Foods plc (U.K)
- Ajinomoto Foods (Japan)
- LantmännenUnibake (Germany)
Latest Development in Frozen Poultry and Meat Market
- Suguna Poultry Farm Ltd announced the opening of a cold storage facility in Tiruchi in October 2018. It has a capacity of 25 tonnes of meat. This will give you ready-to-eat chicken as well as chicken portions
- Russia and China signed a trade agreement in November 2018, under which Russia will begin exporting frozen poultry and dairy products to China. This will assist both countries in developing a mutually beneficial relationship. To meet Russia's and China's veterinary and sanitary requirements, products such as chicken kidney, heart, heads, skin, and so on that can be frozen are exported
SKU-