Frozen Meat and Fish Market Research Report By Product Type (Frozen Meat, Frozen Seafood, Frozen Poultry, Frozen Fish), By Distribution Channel (Supermarkets and Hypermarkets, Online Grocery Stores, Convenience Stores, Wholesalers and Distributors, Foodservice Establishments), By Application (Residential Consumption, Commercial Catering, Industrial Processing) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032

Global Frozen Meat And Fish Market Overview

As per MRFR analysis, the Frozen Meat And Fish Market Size was estimated at 93.34 (USD Billion) in 2022. 

The Frozen Meat And Fish Market Industry is expected to grow from 98.1(USD Billion) in 2023 to 153.4 (USD Billion) by 2032. The Frozen Meat And Fish Market CAGR (growth rate) is expected to be around 5.1% during the forecast period (2024 - 2032).

Key Frozen Meat And Fish Market Trends Highlighted

The Frozen Meat and Fish Market is witnessing significant growth, driven by rising demand for convenience foods, increasing population, and expanding urbanization. Consumers are opting for frozen meat and fish products due to their extended shelf life, affordability, and ease of preparation. The market is also benefiting from advancements in freezing and storage technologies, which help preserve the quality and freshness of frozen products.

Key opportunities lie in the development of plant-based meat and fish alternatives, as well as the expansion into emerging markets where demand for frozen food products is growing rapidly. Additionally, the increasing focus on sustainability and environmental concerns is expected to drive demand for frozen products that are ethically sourced and environmentally friendly.

In recent times, the market has witnessed several notable trends. The demand for frozen seafood, particularly salmon, shrimp, and tuna, is surging driven by growing health consciousness and the convenience of frozen seafood products. E-commerce channels are also gaining prominence in the frozen meat and fish market, providing consumers with wider access to a variety of products and home delivery options. Furthermore, the growing popularity of meal kits and subscription boxes is boosting the demand for frozen products as they offer pre-portioned and ready-to-cook options, catering to the busy lifestyles of consumers.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Frozen Meat And Fish Market Drivers

Rising Demand for Convenient and Ready-to-Cook Options

The fast-paced lifestyles of consumers in both developed and developing nations have led to a surge in the demand for convenient and ready-to-cook food options. Frozen meat and fish products offer a convenient solution, as they can be easily stored and prepared, saving time and effort for consumers. The growing popularity of ready-to-cook meals, snacks, and appetizers is further driving the demand for frozen meat and fish products. Additionally, the increasing availability of frozen meat and fish products in various flavors, cuisines, and packaging options is catering to the diverse preferences of consumers, making them a preferred choice for quick and convenient meals.

Growth of E-commerce and Online Grocery Shopping

E-commerce and online grocery shopping have grown rapidly, and have a major effect on the Frozen Meat and Fish Market Industry. People are attracted to the fact that buyers can purchase frozen items online, with many types and offers available on the e-commerce platform. Also, good infrastructural developments in the cold chain logistics and shipment have helped the e-commerce companies to deliver the frozen fish and meat at the consumers’ doorsteps.

Increasing Health Consciousness and Focus on Protein Intake

Consumers are becoming increasingly health-conscious and are seeking protein-rich food options to maintain a healthy lifestyle. Frozen meat and fish products offer a convenient and nutritious source of protein, contributing to the growing demand for these products. The availability of frozen meat and fish products in various cuts, flavors, and marinades allows consumers to incorporate these products into their meals easily. Additionally, the rising popularity of fitness and bodybuilding has led to a surge in demand for frozen meat and fish products, as they are considered an excellent source of protein for muscle building and recovery.

Frozen Meat And Fish Market Segment Insights

Frozen Meat And Fish Market Product Type Insights  

The Frozen Meat and Fish Market is segmented by product type into frozen meat, frozen seafood, frozen poultry, and frozen fish. The growth of the frozen meat segment is attributed to the increasing demand for convenient and affordable protein sources. Frozen seafood is the second largest segment, and is expected to grow at a CAGR of 4.8% over the forecast period. The growth of the frozen seafood segment is driven by the rising popularity of seafood as a healthy and sustainable food option. Frozen poultry is the third largest segment, and is projected to grow at a CAGR of 4.6% through 2032.The growth of the frozen poultry segment is supported by the increasing demand for poultry products due to their high protein content and affordability. Frozen fish is the smallest segment, and is expected to grow at a CAGR of 4.2% over the forecast period. The growth of the market is attributed to the increasing demand for convenient and affordable protein sources, as well as the rising popularity of seafood as a healthy and sustainable food option.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Frozen Meat And Fish Market Distribution Channel Insights  

The distribution channel segment plays a crucial role in the Frozen Meat and Fish Market, with various channels contributing to the overall market growth. Supermarkets and hypermarkets hold a significant market share, driven by their extensive product offerings, convenience, and accessibility. Online grocery stores are rapidly gaining traction due to the growing popularity of e-commerce and home delivery services. Convenience stores cater to the needs of consumers seeking quick and easy access to frozen meat and fish products. Wholesalers and distributors serve as intermediaries between producers and retailers, ensuring efficient product distribution across the supply chain.Foodservice establishments, including restaurants, hotels, and catering services, utilize frozen meat and fish products as key ingredients in their menu offerings. The Frozen Meat and Fish Market segmentation provides valuable insights into the market dynamics, enabling stakeholders to identify growth opportunities and optimize their strategies accordingly.

Frozen Meat And Fish Market Application Insights  

The Frozen Meat and Fish Market segmentation by application includes Residential Consumption, Commercial Catering, and Industrial Processing. Among these, the Residential Consumption segment held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period. The increasing demand for convenience foods and the growing popularity of home cooking are major factors driving the growth of this segment. The Commercial Catering segment is also expected to witness significant growth due to the rising number of restaurants and hotels.The Industrial Processing segment is expected to grow steadily due to the increasing demand for frozen meat and fish in the food processing industry.

Frozen Meat And Fish Market Regional Insights  

The regional segmentation of the Frozen Meat and Fish Market offers valuable insights into the market dynamics across different geographic regions. North America holds a significant share of the market, driven by the high demand for frozen meat and fish products in countries like the United States and Canada. Europe is another major region with a well-established frozen food industry and a large consumer base. The Asia-Pacific region is expected to witness substantial growth in the coming years, owing to the increasing disposable income and changing dietary habits in countries like China and India.South America and the Middle East and Africa (MEA) regions are also projected to contribute to the overall market growth, albeit at a slower pace compared to the aforementioned regions. These regional insights are crucial for businesses operating in the Frozen Meat and Fish Market, as they can tailor their strategies to cater to the specific needs and preferences of each region.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Frozen Meat And Fish Market Key Players And Competitive Insights

Major players in Frozen Meat And Fish Market industry are continuously developing new products and expanding their presence in emerging markets. This is leading to increased competition in the market. Leading Frozen Meat And Fish Market players are investing heavily in research and development to create innovative products that meet the changing needs of consumers. Frozen Meat And Fish Market development is being driven by the increasing demand for convenient and healthy food options, as well as the growth of the foodservice industry. The Frozen Meat And Fish Market Competitive Landscape is fragmented, with a number of small and large players competing for market share.Tyson Foods, Inc. is a leading global provider of meat and poultry products. The company offers a wide variety of frozen meat and fish products, including beef, pork, chicken, and seafood. Tyson Foods has a strong global presence, with operations in over 100 countries. The company is committed to providing high-quality products and services to its customers.Nestlé S.A. is a leading global food and beverage company. The company offers a wide variety of frozen meat and fish products, including frozen meals, pizzas, and snacks. Nestlé has a strong global presence, with operations in over 180 countries. The company is committed to providing nutritious and affordable food products to its customers.

Key Companies in the Frozen Meat And Fish Market Include

• Grupo Bimbo SAB de CV


• Bunge Limited


• Unilever


• JBS SA


• Kerry Group


• George Weston Limited


• Archer Daniels Midland Company


• Tyson Foods


• NH Foods


• Mondelez International


• Smithfield Foods


• Hormel Foods


• Cargill


• Nestlé


• Associated British Foods

Frozen Meat And Fish Market Industry Developments

The Frozen Meat and Fish Market is projected to reach USD 153.4 billion by 2032, exhibiting a CAGR of 5.1% during the forecast period (2024-2032). The growing demand for convenient and shelf-stable protein sources, coupled with the increasing popularity of online grocery shopping, is driving market growth.Recent developments include the launch of innovative frozen meat and fish products, such as plant-based alternatives and sustainably sourced options. Major players are also investing in expanding their production capacities and distribution networks to meet the rising demand. However, fluctuating raw material prices and concerns over food safety remain challenges for the industry.

Frozen Meat And Fish Market Segmentation Insights

• Frozen Meat And Fish Market Product Type Outlook
  
  
  
  • Frozen Meat
  
  
  • Frozen Seafood
  
  
  • Frozen Poultry
  
  
  • Frozen Fish
  
  
  
  

• Frozen Meat And Fish Market Distribution Channel Outlook
  
  
  
  • Supermarkets and Hypermarkets
  
  
  • Online Grocery Stores
  
  
  • Convenience Stores
  
  
  • Wholesalers and Distributors
  
  
  • Foodservice Establishments
  
  
  
  

• Frozen Meat And Fish Market Application Outlook
  
  
  
  • Residential Consumption
  
  
  • Commercial Catering
  
  
  • Industrial Processing
  
  
  
  

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  Frozen Meat And Fish Market Regional Outlook

  
  
  
  
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    North America

    
    
  
  
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    Europe

    
    
  
  
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    South America

    
    
  
  
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    Asia Pacific

    
    
  
  
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    Middle East and Africa