Description
The Global frozen meat market has witnessed continued demand during the last few years and is projected to reach USD 86.58 billion at a CAGR of 4.36% by 2023 in terms of value. Frozen meat market has witnessed substantial innovation in terms of new product launches along with research & development and collaboration. Also, the overall disposable income of the consumer is increasing over the past few years which in turn leads to surge in sales of frozen meat during the forecast period of 2017-2023.
Increasing demand of convenience food coupled with strong performance of retail sector is one of the significant factor which is positively influencing the sales of frozen meat in the upcoming decade. The upcoming trend of food traceability and rising demand of convenience food products especially in developing markets across the Asian countries such as India and China. Also, the strong performance of retail sector along with rapid increase in number of large retail chains including hypermarkets and supermarkets has boosted the demand of frozen food in the developing Asian countries. Emerging countries such as India, China, Brazil, Argentina, and Malaysia among others are the potential markets for frozen meat products, as consumers in these markets are demanding for readily available and new varieties of food products.
Due to technology upgradation over the decades, efficiency in production in terms of cost & longer shelf life, along with developed food service sector, frozen food has gained traction in the developing economies. Huge investments in R&D, new product development by market players, lower trade barriers, and cold chain sectors invest in developing countries has created lucrative opportunities for the growth of frozen food market across the globe. The frozen meat manufacturing companies can penetrate their business into the developing economies like India, China, ASEAN countries, Brazil and other developing economies which provide lucrative opportunity for key international players. Global frozen meat Market is undergoing a massive technological advancement over the past few years.
Key Players
The leading market players in the global frozen meat market primarily are Marfrig Group. (Brazil), Kerry Group Plc. (Ireland), BRF S.A. (Brazil), Associated British Foods Plc. (U.K.), Pilgrim’s Pride Corporation (U.S.), Tyson Foods, Inc. (U.S.), Cargill Incorporated (U.S.).
Study Objectives of frozen meat Market Forecast to 2023
• Detailed analysis for individual micro and macro markets for frozen meat
• To estimate market size by Product Type, End user, Distribution Channel and Region
• To understand the supply and demand dynamics of frozen meat
• Company profiling of major players & competitive positioning for the frozen meat market
• Value chain analysis and supply chain analysis of frozen meat
• Analysis of historical market trends, and technologies, and current government regulatory requirements related to frozen meat market
Target Audience
• Frozen meat manufacturers
• Food Service industries
• Retailers and wholesalers
• Traders, importers and exporters
Key Findings
• The Global frozen meat market is projected to reach USD 86.58 billion by the end of 2023
• Frozen processed meat product type is estimated to retain its dominance throughout the forecast period and expected to reach USD 46.74 billion with registering a CAGR of 4.44%
• Food service end user is estimated to witness a massive growth of 4.70% during the review period of 2017-2023.
• Store- based distribution channel will dominate the frozen meat market holding a lion’s market proportion 61% in the year of 2017 and growing at a rate of 4.46%
Regional and Country Analysis of frozen meat market development and demand Forecast to 2023 Market
As per the MRFR analysis, the global market for frozen meat has witnessed continued demand during the last few years and is projected to reach USD 86.58 billion by 2023, at a CAGR of 4.36% during the forecasted period. Europe is estimated to dominate the global frozen meat market holding a lion’s share of more than 35% and projected to reach USD 31.47 billion by the end of 2023. Asia Pacific will witness the highest growth rate of 4.87% in the global frozen meat market whereas North America will witness moderate growth rate.
The reports also cover country level analysis:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o U.K.
o France
o Italy
o Spain
o Rest of Europe
• Asia – Pacific
o China
o India
o Japan
o Australia & New Zealand
o Indonesia
o Others
• RoW
o Latin America
o Middle East
o Africa
o Others
1 Executive Summary
2 Introduction
2.1 Definition
2.1.1 Frozen Meat
2.2 Scope of the Study
2.2.1 Research Methodology
2.3 Assumptions
2.4 Limitations
2.4.1 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Forecast Model
4 Premium Insights
4.1 Global Frozen Meat Market: Market Mapping & Research Methodology
4.2 Market Overview: Global Frozen Meat Market
4.3 Industry Trends and Market Environment: Global Frozen Meat Market
5 Market Dynamics
5.1 Introduction
5.2 Drivers
5.2.1 Increasing demand for convenience food
5.2.2 Increasing Disposable Incomes
5.2.2.1 Growing Working Women Population
5.2.2.2 Strong Performance Of Retail Sector
5.2.3 Strong performance of foodservice industry
5.3 Restraints
5.3.1 Consumer Acceptance
5.3.2 Regulatory Framework
5.4 Opportunities
5.4.1 Cold chain sectors plans heavy investment in developing countries
5.4.2 Advancement of technology
5.4.3 Improved opportunities for outsourced logistics
5.4.4 Huge investments in R&D and new product developments
5.5 Challanges
5.5.1 Branding issues
5.5.2 Environmental impact
5.6 Innovation in application and process
5.7 Global Frozen Meat Market- Technology Roadmap
5.8 Global Frozen Meat Market- Storage and distribution technologies
5.9 Pestle Analysis – Global Frozen Meat Market
6 Market Factor Analysis
6.1 Introduction
6.2 Value Chain Analysis
6.3 Value Chain Analysis
6.4 Porter’s Five Forces
6.4.1 Porter’s 5 Forces Analysis: Frozen Meat
6.4.2 Threat of New Entrants
6.4.3 Threat of Substitutes
6.4.4 Bargaining Power of Buyers
6.4.5 Bargaining Power of Suppliers
6.4.6 Intensity of Rivalry
7 Global Frozen Meat Market, By Product Type
7.1 Introduction
7.2 Global Frozen Meat Market Segmentation, By Product Type
8 Global Frozen Meat Market, By End User
8.1 Introduction
8.2 Global Frozen Meat Market, By End User
9 Global Frozen Meat Market, By Distribution Channel
9.1 Introduction
9.2 Global Frozen Meat Market- By Distributional Channel Segmentation
10 Global Frozen Meat Market, By Region
10.1 Global Frozen Meat Market, By Region
11 North America Frozen Meat Market Analysis
11.1 North America Frozen Meat Market, By Country
11.2 North America Frozen Meat Market, By Product Type
11.3 North America Frozen Meat Market, By End User
11.4 North America Frozen Meat Market, By Distribution Channel Type
11.5 U.S.
11.6 Canada
11.7 Mexico
12 Europe Frozen Meat Market Analysis
12.1 Europe Frozen Meat Market, By Country
12.2 Europe Frozen Meat Market, By Product Type
12.3 Europe Frozen Meat Market, By End User
12.4 Europe Frozen Meat Market, By Distribution Channel Type
12.5 U.K.
12.6 Germany
12.7 France
12.8 Italy
12.9 Spain
12.1 Rest of Europe
13 Asia Pacific Frozen Meat Market Analysis
13.1 Asia Pacific Frozen Meat Market, By Country
13.2 Asia Pacific Frozen Meat Market, By Product Type
13.3 Asia Pacific Frozen Meat Market, By End User
13.4 Asia Pacific Frozen Meat Market, By Distribution Channel Type
13.5 China
13.6 India
13.7 Japan
13.8 Australia & New Zealand
13.9 Indonesia
13.1 Rest of Asia Pacific
14 Rest of the World Frozen Meat Market Analysis
14.1 Rest of the World Frozen Meat Market, By Country
14.2 Rest of the World Frozen Meat Market, By Product Type
14.3 Rest of the World Frozen Meat Market, By End User
14.4 Rest of the World Frozen Meat Market, By Distribution Channel Type
14.5 Latin America
14.6 Middle East
14.7 Others
15 Competitive Landscape
15.1 Introduction
16 Company Profile
16.1 Marfrig Group
16.1.1 Overview
16.1.2 Company Snapshot
16.1.3 Business Strategies
16.1.4 Key Developments
16.2 Kerry Group Plc
16.2.1 Overview
16.2.2 Company Snapshot
16.2.3 Business Strategies
16.2.4 Key Developments
16.2.5 SWOT Analysis
16.3 BRF S.A.
16.3.1 Overview
16.3.2 Company Snapshot
16.3.3 Business Strategies
16.3.4 Key Developments
16.3.5 SWOT Analysis
16.4 Associated British Foods Plc
16.4.1 Overview
16.4.2 Company Snapshot
16.4.3 Business Strategies
16.4.4 Key Developments
16.4.5 SWOT Analysis
16.5 Pilgrim’s Pride Corporation
16.5.1 Overview
16.5.2 Company Snapshot
16.5.3 Business Strategies
16.5.4 Key Developments
16.6 Tyson Foods, Inc.
16.6.1 Overview
16.6.2 Company Snapshot
16.6.3 Business Strategies
16.6.4 Key Developments
16.7 Cargill Incorporated
16.7.1 Overview
16.7.2 Company Snapshot
16.7.3 Business Strategies
16.7.4 Key Developments
17.6.1 Overview
17.6.2 Company Snapshot
17.6.3 Product Portfolio
17.6.4 Business Strategies
17.6.5 Key Developments
17.7 Tofutti Brands Inc.
17.7.1 Overview
17.7.2 Company Snapshot
17.7.3 Business Strategies
17.7.4 Key Developments
