Frozen Meat Market Size
The Global Frozen Meat Market size reached US$ 80 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 165 billion by 2031. The market is growing at a CAGR of 4.9% during the forecast period 2024-2031.The global frozen meat market is a significant segment of the overall food industry. The market includes a wide range of frozen meat products, including beef , chicken, pork and lamb, among others.
The primary driver of the frozen meat market is the increasing demand for convenience foods, which are easy to prepare and require less time in the kitchen.
As busy lifestyles become more common, consumers are increasingly looking for quick and easy meal solutions. To remain competitive, companies in the frozen meat market are focusing on product innovation and expanding their distribution networks to reach new customers.
Market Summary
| Metrics | Details |
| CAGR | 4.9% |
| Size Available for Years | 2022-2031 |
| Forecast Period | 2024-2031 |
| Data Availability | Value (US$) |
| Segments Covered | Meat Type, Distribution Channel, End User, and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
| Fastest Growing Region | Asia-Pacific |
| Largest Region | North America |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
Increasing Demand for Convenience Foods Drives the Market Growth
The frozen meat market for frozen meat products is seeing strong growth in urban areas, where consumers have limited time and space for cooking and storing fresh meat. The increasing demand for convenience foods is a significant driver of the global frozen meat market and is expected to continue to support its growth in the coming years.
Companies in the frozen meat market are responding to this trend by offering a wide range of convenient frozen meat products, including pre-cooked and pre-seasoned options, as well as products that can be cooked directly from frozen.
For instance, in February 2021, according to the American Frozen Food Institute (AFFI), the sales of frozen meals, including seafood and chicken, rose by 21.0% compared to 2019. This indicates a significant increase in the demand for frozen/chilled meals across various segments.
The Growing Fast-Food Industry Drives the Market Growth
The fast-food industry is experiencing rapid growth, particularly in emerging markets, where changing lifestyles and increasing disposable incomes are driving demand for fast and convenient food options. As a result, the market for frozen meat products is expected to see continued growth as food service providers expand their menus and offerings to meet consumer demand.
According to the United Nations Food and Agriculture Organization, the global consumption of meat witnessed a 1% increase in 2021. Companies in the frozen meat market are responding to this trend by developing products that meet the specific needs of the fast-food industry, such as pre-formed patties and pre-cooked chicken.
Market Segment Analysis
The global frozen meat market is segmented based on meat type, distribution channel, end-user, and region.
Increased Consumption of Frozen Meat Products
The pork segment has held the largest share of the frozen meat market, accounting for a significant proportion of overall sales. This can be attributed to the popularity of pork products, such as bacon, sausage and ham, which are commonly consumed in many parts of the world.
Additionally, frozen pork products are often more affordable and convenient than fresh pork products, making them an attractive option for many consumers. The demand for frozen pork products is also driven by the increasing popularity of processed Meat products, such as sausages and hot dogs, which are often made from pork.
For instance, in 2021, a Statista Global Consumer Survey conducted in 39 countries revealed that 86 percent of the respondents follow a meat-based diet. Additionally, China is one of the largest consumers of pork, with a per capita consumption of 30 kg, closely behind the entire European Union.
Source: DataM Intelligence Analysis (2023)
Market Geographical Share
Increased Consumer Preference Toward Convenience Foods in Asia Pacific
The Asia-Pacific region has emerged as the dominant market for frozen meat products worldwide, owing to the increasing demand for frozen meat and poultry products among consumers in the region. To meet consumer demand manufacturers are launching new products, which has driven the regional market.
For instance, in April 2022, Prasuma, an Indian brand specializing in chilled meat and frozen food products, announced the expansion of its product portfolio to include a new frozen food segment. The company will be launching a range of frozen products, including chicken nuggets, veg and chicken spring rolls, veg and chicken mini samosas, mutton and chicken shammi kababs, mutton and chicken seekh kababs and bacon.
Source: DataM Intelligence Analysis (2023)
Frozen Meat Companies
The major global frozen meat market players include Tyson Foods, Inc., Al-Hamd Agro Food Products Pvt. Ltd., Tendercut Meats, Northgate Foods, Advancepierre Foods Inc., Foster Farms, JBS, Sanderson Farms, Incorporated, Marfrig and Meat Masters.
COVID-19 Impact on Market
The COVID-19 pandemic had a significant impact on the global frozen meat market. The pandemic resulted in the closure of many food service establishments, which led to a decline in demand for frozen meat products.
However, the market for frozen meat products witnessed a surge in demand from retail stores, as consumers started stockpiling essential food items due to uncertainties surrounding the pandemic.
Artificial Intelligence Impact Analysis
Artificial Intelligence (AI) is increasingly being used in the global frozen meat market to enhance production efficiency and improve product quality. AI-powered systems are used to monitor the temperature and humidity levels during the production and storage of frozen meat products, which helps to maintain optimal conditions and prevent spoilage. AI is also used to predict consumer demand for different frozen meat products, which helps manufacturers to optimize production and reduce waste.
Key Developments
- In February 2022, Seara Foods, a leading Brazilian food processing company specializing in meat products, announced the launch of its latest product, the Seara Shawata frozen marinated whole chicken.
The new product is specifically designed to cater to the Middle Eastern and Latin American markets, which have shown a high demand for poultry products.
- In November 2021, Préval AG, a global agri-food company based in Quebec, made a strategic move by acquiring the assets of J&G Foods, a specialty meat provider located in Sutton, Massachusetts.
J&G Foods has a reputation for providing custom and specialty meat products, including portioned organic and grass-fed beef, organic and natural chicken, natural pork and beef and a range of marinated and value-added meats.
- On September 27, 2021, Pilgrim's Pride, a multinational food company based in Colorado, USA, announced its acquisition of the meat and meal business of United Kingdom-based Kerry Group in a successful deal worth around $932 million, funded through senior notes offering. This acquisition will help Pilgrim's Pride to enhance its position as a value-added food company.
Why Purchase the Report?
- To visualize the global frozen meat market segmentation based on meat type, distribution channel, end-user and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of frozen meat market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as Excel consisting of key products of all the major players.
The Global Frozen Meat Market Report Would Provide Approximately 61 Tables, 53 Figures and 114 Pages.
Target Audience 2024
- Manufacturers / Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
