Frozen Meat Market Research Report includes various topics like total Market Size, Industry Share, Growth Opportunities, Key Market Drivers, Challenges, Growth, Demand, Outlook etc. Furthermore, it covers key market updates, the impact of regulations and technological updates in. The report addresses the need to stay updated in this competitive market conditions and this provides and comprehensive data for making strategies and decision to stimulate the market growth and profitability.
Market Insight:
Frozen Meat Market is prognosticated to grow steadily at a notable 4.36% CAGR over the forecast period (2017-2023). Frozen food means foods that are conserved through a freezing process. It is stored in the freezer before cooking. Freezing one’s favorite meat will make meal planning simpler, store healthy food at home for longer and help in huge cost savings as a large amount can be stocked when frozen meat goes on sale. It will provide better stock control, provide longer shelf life and overcome the issue of seasonality thereby allowing longer-term storage and advanced purchase. Frozen meat in comparison to fresh meat has maximum minerals and vitamins as freezing will help in preserving it for long sans preservatives and also prevent microbial growth which results in food spoilage. Today frozen meat is available in different varieties such as lamb, mutton, chicken and poultry, pork, beef and others to cater to people’s variegated needs.
There are many factors that is fueling the growth of the frozen meat market. The different market trends and factors in this market according to an analysis performed by Market Research Future (MRFR) include widespread advancements related to freezing techniques that helps to improve the lifespan and quality of the meat products, rapidly changing eating habits, shift to ready-to-eat meat foods and products, surge in ordering food online, fast-paced living standards, new product development, big investments in research and development, cold chain sectors investing in developing countries, low trade barriers, increasing number of nuclear families especially in developed countries, explosion in middle class population, rising urbanization and robust economic growth. On the flip side, high expenditure needed to process frozen meat and shortage of frozen meat especially in less developed countries may act as an obstacle to the growth of the frozen meat market.
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Key Players:
Global Frozen Meat Market is highly competitive and fragmented. Various market players are concentrating on the quality of the product to ensure both the nutrition level and freshness of the frozen meat. The industry players are increasingly getting involved in the frozen meat market to strengthen the competition.
Leading players profiled in the frozen meat market include
- Cargill Incorporated (the U.S.),
- Associated British Foods Plc. (the U.K.),
- BRF S.A. (Brazil),
- Tyson Foods, Inc. (the U.S.),
- Pilgrim’s Pride Corporation (the U.S.),
- Kerry Group Plc. (Ireland) and
- Marfrig Group. (Brazil).
Industry News:
Nov 2018- Vion Food Group, leading meat producer is all set to introduce its range of deep-frozen beef- Cool Cuts in the European market with an aim to simplify food preparation in the professional kitchen. This line-up will comprise of fillet, t-bones and other cuts from cattle breeds namely Holstein Friesian Simmental. The Cool Cuts from slaughter are matured for about three weeks prior to getting packed and deep-frozen. This beef range will be available across retail, hotels and restaurants. It will be packed individually and labeled as “ready-to-cook”.
Market Segmentation:
In the Market Research Future (MRFR) report, the frozen meat market has been segmented on the basis of product type, distribution channel and end-users.
Based on product type, it is segmented into frozen whole cut and frozen processed meat. Of these, the frozen processed meat is likely to have a major market share during the forecast period.
Based on distribution channel, the frozen meat market is segmented into non-store based and store-based. Of these, the store-based is projected to grow at a favorable rate during the forecast period.
Based on end-users, it is segmented into retail customers and service.
Regional Analysis:
Based on region, the Frozen Meat Market covers growth opportunities and latest trends across North America, Asia Pacific, Europe and Rest of the World. Of these, Europe is projected to rule the market due to increasing demand and supply of frozen food products here. The frozen meat market in the APAC region is expected to grow at the highest rate during the forecast period due to rising preference of consumers for meat products having higher shelf life.
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