Global frozen meat market was estimated to be valued at US$ 23.2 Billion in 2021, according to Frozen Meat Market Report, by Meat Type (Poultry, Beef, Pork, Seafood, Lamb, and Others), by Distribution Channel (Supermarket, Hypermarkets, Online, Convenience stores, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa), published by Coherent Market Insights.
Global frozen meat market was valued at US$ 23.2 Billion in 2021. Frozen meat market is expected to register a CAGR of 4.9% over the forecast period (2022–2030). The North America is expected to dominate market over the forecast period and is projected to be the largest and fastest-growing region.
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https://www.coherentmarketinsights.com/market-insight/frozen-meat-market-2576
Browse 50 market data tables* and 40 figures* on "Global Frozen Meat Market” - Forecast to 2030.
Key Trends and Analysis of the Global Frozen Meat Market:
- Among meat type, poultry segment accounted for the largest market share in 2021 in the global frozen meat market. Frozen poultry meat has an extensive shelf life compared to conventional raw meat. According to US Department of Agriculture Food Safety and Inspection Service, frozen poultry meat is safe to refreeze, once the meat is thawed in the refrigerator. The shelf life is 1 to 2 days for uncooked poultry and 3 to 4 days for cooked poultry.
Key Takeaways of the Global Frozen Meat Market:
- Among distribution channel, supermarkets segment was the fastest growing in the frozen meat market in 2021. Increasing urbanization in emerging economies of Asia Pacific and Latin America has led to increased consumption of packaged products. According to West Bengal Livestock Development Corporation Limited report in April 2021, frozen food demand from the retail stores, supermarkets and proper refrigerator facilities in India was valued the end of 2019 valued at US$ 1.07 billion and is likely to touch US$ 2.24 billion by 2024, Which in turn is expected to drive growth of the segment in the frozen meat market.
- Asia Pacific held the second largest market share in the year 2021, accounting for a share of more than 22.45% owing to high consumption of meat in this region. Countries such as China and Japan were the highest importers of frozen meat products. Increase in the number of food joints and restaurants, rising e-commerce, and seasonality in this region are expected to boost the regional market growth.
- North America provides the frozen meat market with ample growth opportunities. North America accounted for the largest market share of 34.6% in 2021in the global frozen meat market. Advancement in technologies are expected to boost growth of the frozen meat market in the region during the forecast period. Air-blast freezers are the most commonly used, and continuous freezers and batch freezers are also used for freezing meat.
- New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities are key strategies adopted by players in the global frozen meat market