Frozen Meat Market Growing Worldwide Till 2026 | Top Players Kerry Group Plc., Associated British Foods Plc., BRF S.A., Verde Farms LLC, JBS S.A., Marfrig Global Foods S.A., Cargill Inc., Tyson Foods, Inc., Pilgrim’s Pride Corporation, and V H Group.

Frozen Meat Market report provides key enumeration on the Market status of the Frozen Meat manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. The research was conducted using an objective combination of primary and secondary information including inputs from key participants in the Frozen Meat industry. It delivers important information to identify and analyse the market need, market Growth and competition.

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Major players operating in the global frozen meat market include Kerry Group Plc., Associated British Foods Plc., BRF S.A., Verde Farms LLC, JBS S.A., Marfrig Global Foods S.A., Cargill Inc., Tyson Foods, Inc., Pilgrim’s Pride Corporation, and V H Group.

Market Dynamics

Among distribution channel, online segment is expected to witness significant growth in the market over the forecast period. Increasing internet penetration in emerging economies such as India and China, ease of comparison of prices, review of products, and ease of delivery at home through e-commerce sites are the major factors driving growth of the segment in the market. For instance, according to Associated Chambers of Commerce and Industry in India (ASSOCHAM), the online retail market in India was valued at US$ 38.5 billion in 2017 and is expected to reach US$ 50 billion by 2025.

Asia Pacific is expected to be the fastest growing region in the market over the forecast period. Increasing meat consumption due to significant demand for protein rich food is driving growth of the frozen meat products market in this region. Key players are introducing new products to cater to increasing demand for frozen meat products. For instance, in February 2018, Chevon Agrotech, a frozen food company, launched goat meat based ready-to-eat products brand KUZO.

North America is the fastest growing region and accounted for the largest market share of around 34.6% in 2018, owing to increasing demand for protein rich food and advancement of technology in the food industry. Hectic lifestyle and changing consumer dietary patterns are also driving the market growth.

Furthermore, companies are focusing on product development in order to expand their product portfolio. For instance, in 2016, Kerry Group Plc. launched a range of American frozen dishes under the brand name ‘The Shack’ in the U.K. The products include beef burrito, chicken fajita, and macaroni and cheese. The products will be sold exclusively through U.K. frozen food retailer Iceland.

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Among meat type, poultry segment held significant market share of 33.4% in the global frozen meat market in 2018. Frozen poultry meat has an extensive shelf life compared to conventional raw meat, which in turn is expected to bolster the demand for frozen meat in the near future.

Players operating in the global frozen meat market are adopting various growth strategies such as mergers & acquisitions and business expansions to cater to increasing demand for frozen meat. For instance, in 2016, Cargill, Inc. acquired Five Star Custom Foods, Ltd., which produces cooked meat crumbles, soups, and sauces for both restaurants and food producers in the U.S. Five Star Custom Foods, Ltd. also produces individually quick frozen (IQF) meat crumbles to retain their taste, texture and appearance.

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