- Frozen Processed Meat
- Frozen Whole Cut
Frozen Meat Products Market size was valued at USD 74.6 billion in 2021, growing at a CAGR of 4.6% from 2022 to 2028. The global market provides a detailed overview of the global frozen meat products market, and that can be segmented by form, by type of meat, and by distribution channel. By form, the global frozen meat products market has been segmented into Frozen Processed Meat and Frozen Whole Cut. The Frozen Processed Meat segment is likely to be the largest and fastest-growing segment in terms of form in 2021 and is expected to maintain the growth in the upcoming years due to high demand for frozen processed meat. Based on type of meat, the global frozen meat products market is segmented into Chicken, Beef, Pork, Lamb, and Other. Among these, the Beef segment is expected to have the fastest-growing market during the forecast period 2022-2028 according to precision business insights. It is attributed to the high consumption and import of frozen beef by Asian countries and on the global level. Based on distribution channel, the global frozen meat products market is segmented into Food Chain Services, Online Stores, Departmental Stores, and Other. The Food Chain Services segment accounts for the largest share in 2021. The high consumption of meat across the world are creating lucrative opportunity in the market. There are various types of meat such as cows (quarters of hamburger), pigs (sides of pork), calves, sheep, etc. Freezing to a great extent smothers the movement of microorganisms and compounds, so guaranteeing longer conservation than for chilled meat. Meat is rapidly frozen in a freezing tunnel in which the meat is presented to an impact of cool air and in some cases totally solidified in under 24 hours. Key Development: In Oct 2022, Frozen foods brand, ITC Master Chef introduced the â€˜Ab Koi Bhi Chefâ€™ campaign with the launch of ITC Master Chef frozen snacks range. In Oct 2022, Beyond Meat appeared to be testing several new products, including its highly publicized plant-based steak, in limited launches at Jewel Osco stores in the US Midwest.
Fastest Growing Market
While an augmenting number of individuals are settling on the vegan lovers and even vegetarian sustenance over the world, meat products keeps on being the most unmistakable element of day by day eating regimen of extensive masses. With innovative progressions, it is currently conceivable to safeguard meat items for expanded timeframes by the methods for solidifying and the market for solidified meat has been thriving on the back of developing dependence of urban populaces on simple to cook sustenance items and ready to-eat products. Aside from a vast pool of populaces who are meat-eaters, the request in the worldwide solidified meat advertise is picking up footing from the innovative headways in the techniques for solidifying that has empowered the makers to keep up the nutritious estimations of their items for longer timeframes. Changing dietary patterns of urban populace on the back of fretful way of life and developing pattern of online sustenance requesting that has mushroomed nourishment conveyance administrations players are a portion of alternate elements increasing the request in the frozen meat market.
The fastest-growing segment of the global frozen meat products market is Beef segment due to its high demand and increasing consumption rate across the globe.
The food joints and restaurants across the world depend on the frozen meat products to cater to the demand for meat dishes.
The readily consumable and time saving aspect of the product can create lucrative opportunity in the global market.
The lack of cold chain infrastructure in developing economies may hinder the global market growth