Meat that is frozen by use of chilled air or other freezing agents, is primarily referred to as frozen meat. Frozen meat is the best process to overcome the problem of seasonality which offers longer shelf life and allows for long term storage.
Growing demand for frozen meat as consumers in developing economies are looking out for more convenient food options that require minimum time for preparation is a major factor boosting growth of the global frozen meat market. But, preservatives used in frozen meats can cause health issues, which is a major factor hampering growth of the global market.
On the basis of product type the global frozen meat market is segmented into frozen processes type and frozen whole cut. The frozen processes segment is anticipated to witness significant growth over the forecast period, and is expected to register a CAGR of X.X%. Also, frozen whole cut segment is projected to witness moderate growth over the forecast period.
The global frozen meat market report has been segmented on the basis of product type, end user, and region. On the basis of region, the global frozen meat market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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The market in North America accounted for highest share in terms of revenue in the global market, and is projected to maintain its dominance over the forecast period. This can be attributed to increasing consumption of frozen meat and heavy reliance on ready-to-eat and frozen food products in the region. Revenue from the market in Europe accounted for second-highest share and is closely followed by the markets in Asia Pacific, Latin America, and Middle East & Africa respectively. This is attributed to increasing consumption of frozen meat and changing lifestyle wherein minimum time for preparation of food is encouraged. Furthermore, the market in Asia Pacific is projected to witness significant growth over the forecast period, and is expected to register a CAGR of X.X%. This can be attributed to rising demand for frozen food products in emerging economies in the region. Also, the markets in Latin America and Middle East & Africa are projected to witness moderate growth over the forecast period.
Prominent players in the global frozen meat market include Marfrig Group., Kerry Group Plc., BRF S.A., Associated British Foods Plc., Pilgrim’s Pride Corporation, Tyson Foods, Inc., Cargill Incorporated, Arcadian Organic & Natural Meat Co., Verde Farms, LLC.