Frozen Meat Market Analysis Report By Product Type, By Distribution Channel And Segment Forecasts From 2019 To 2025

Industry Insights

The global frozen meat market accounted for USD 73.3 billion, in 2018 and is projected to grow at a CAGR of 4.4%, from 2019 to 2025. The market growth is majorly attributed to changing lifestyles, a rise in food preferences, and a surge in fast food. Advancement in technology is also expected to rise the shelf lifespan of frozen product types and improvement in efforts for providing the best and high-quality food in meat product types. These factors are proliferating the growth of the market.

Manufacturers in the frozen meat market are focusing on fulfilling the seasonality demand as certain meat product types are available in a specific season. Changing lifestyles along with the growing demand for fast foods are some of the key factors proliferating the demand of the global market. Increasing the youth population, increasing disposable income especially in developing countries. Furthermore, the growing demand for frozen meat product types is expected to bolster the growth of the market in the forecast period.

Owing to time-saving and ready-to-consume benefits regarding frozen meat product types are growing in popularity among younger professionals. This trend is anticipated to increase in the forecast period by offering growth opportunities to the market. In the last few years, steady economic growth coupled with increasing employment opportunities has improved the average income of consumers. These attributes are expected to have a positive impact on market growth.

Moreover, growing penetration online sector along with e-commerce with a focus on food delivery services led by a busy and fast lifestyle. Factors such as packaging, enhanced shelf-life are encouraging consumers across the globe to purchase from online channels. Owing to these factors the market is anticipated to grow in the forecast period.

Product Type Insights

The frozen meat is bifurcated by product type into chicken, beef, pork, and others. In 2018, frozen beef held a market share of more than 30.0% because of the high consumption rate in Asian countries along with large frozen beef imports.

The beef segment is expected to grow at the fastest rate from, 2019 to 2025, followed by chicken and pork. Meat product types are enriched with high protein elements thus are increasing the demand for beef than other meat types. The demand for pork is increasing due to the rising number of imports & exports of frozen meat. 

Distribution Channel Insights

The distribution channels are bifurcated into convenience supermarkets and hypermarkets, stores, and online. The supermarket and hypermarket channels are projected to ascend at the fastest CAGR during the forecast period. The major retail stores in this market are Walmart, Real Canadian superstore, and Costco. These stores contribute to 15.0% share of the global market share.

Besides online channels, consumers prefer correct scanning of meat product type, and authenticity before purchasing any meat product type. However, because of the growing penetration of internet networks, and smartphones along with ease provided by online platforms, online channels are gaining traction between consumers. For example, online grocery shops such as ExpatShop and eButler offer meat product types, along with some other grocery items for attracting consumers. Owing to doorstep delivery options, wide access to several brands is also rising the demand of the market. 

Regional Insights

In 2018, Asia Pacific accounted for the largest share of 30.0% in the global market. Asian countries like Japan and China are the highest importer of meat product types and this trend is expected to increase demand of the market in coming years. Owing to the high consumption rate, Asia Pacific is also projected to grow at the highest CAGR from, 2019 to 2025. A growing number of eateries and restaurants, increasing penetration of the internet, and seasonal requirements of food in the region are anticipated to bolster the regional growth of the market.

Among different meat product types, China largely imports pork which includes frozen pork, and frozen hams. Rising spending on types of meat product such as frozen meat which is projected to surge the demand of the market during the forecast period. In China, the growing popularity of meat is expected to increase demand for different types of frozen meat from 2019 to 2025. Adults, especially in the age group between 20 to 35 years, consume healthy meat product types once a week. In the urban regions, Dumpling is the highest consumed product type. For instance, in 2017, 64% of the Chinese population was in the 16-59 years age group which represents a growing prospect for the online segment.

Frozen Meat Market Share Insights

Leading players in the market include Kerry Group Plc.; Associated British Foods Plc.; Marfrig Group.; Verde Farms, LLC; BRF S.A.; Pilgrim’s Pride Corporation, Inc.; Tyson Foods; and Arcadian Organic & Natural Meat Co. Top players in the market focus on competitive strategies such as advancement in technology are undertaken to reduce the prices and innovation in preservatives for preserving the quality of meat and increasing the shelf life for a longer time. 

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2015 to 2025. For this study, Million Insights has segmented the global Frozen Meat Market report based on product type, constituent, distribution channel, and region:

• Product Type Outlook (Revenue, USD Billion, 2015 - 2025)
    • Beef
    • Pork
    • Chicken
    • Others

• Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025)
    • Convenience Stores
    • Hypermarket & Supermarket
    • Online

• Regional Outlook (Revenue, USD Billion, 2015 -2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
        • France
    • the Asia Pacific
        • China
        • India
        • Japan
    • Central & South America
    • Middle East & Africa (MEA)