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Frozen Meat Market, Size, Share, Opportunities and Forecast, 202

Market Overview

Widespread advancements associated with various techniques to increase the shelf life of food items especially meat products without compromising the product quality has led to the development of freezing techniques. According to the study report published by Market Research Future (MRFR), the global frozen meat market is anticipated to expand steadily at a CAGR of 4.36% during the forecast period of 2021-2027.

Augmentation in online food delivery services coupled with fast-paced living standard is positively impacting on the expansion of the global frozen meat market during the forecast period. Worldwide proliferation in food joints and restaurants that majorly rely on frozen meat products is primarily fueling the growth of the global frozen meat market.

On the flip side, the processing cost of frozen meat is high, which further increases the price of frozen meat products. High cost and lack of storage facilities in less developed regions are likely to create hindrance in the growth of the global frozen meat market during the forecast period. The outbreak of various diseases that are spreading through meat consumption has led to the recall of frozen meat stock in many regions such as in August 2018, batch of frozen crab meat has been urgently recalled due to listeria outbreak in Ireland. Such incidences are impacting negatively on the growth of the global frozen meat market.

Competitive Landscape

Various players in the global frozen meat market are concentrating on product quality to ensure the freshness and nutrition level of frozen meat. Increasing involvement of industry players in the global market is strengthening the competition in the global frozen meat market.

The major players profiled by MRFR in the report on the global frozen meat market are Marfrig Group. (Brazil), Kerry Group Plc. (Ireland), BRF S.A. (Brazil), Associated British Foods Plc. (the U.K.), Pilgrim’s Pride Corporation (the U.S.), Tyson Foods, Inc. (the U.S.) and Cargill Incorporated (the U.S.).

Market Segmentation

The global frozen meat market has been segmented on the basis of product type, distribution channel and end-users. Based on product type, the frozen meat market is segmented into frozen processed meat and frozen whole cut. The frozen processed meat segment is anticipated to account for the major share of the global frozen meat market by the end of the forecast period.

Based on distribution channel, the frozen meat market is segmented into store-based and non-store based. The store-based segment is registered to expand at a significant rate in the global market during the forecast period. Based on end-users, the frozen meat market is segmented into retail customers and service.

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Regional Analysis

Geographically, the global frozen meat market is segmented into North America, Asia Pacific, Europe and the rest of the world. The Europe region is anticipated to project dominance over the global frozen meat market during the forecast period owing to the high demand and supply of frozen food products in this region. 

The Asia Pacific region is registered to expand at a maximum rate in the global frozen meat market owing to the increasing consumer preference towards meat products with higher shelf life in this region.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact

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Magarpatta Road, Hadapsar,

Pune – 411028

Maharashtra, India

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