Frozen Processed Meat Market Research Report -Forecast till 2030

Frozen Processed Meat Market Research Report: Information by Type (Pork, Beef, Chicken, and Others), Process (Cured and Cured), Distribution Channel [Store-Based (Supermarkets & Hypermarkets, Convenience Stores, and Others) and Non-Store-Based], and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2030

ID: MRFR/F-B & N/2543-HCR | February 2023 | Region: Global | 110 Pages         

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Frozen Processed Meat Market

Frozen processed meat market register 6.8% CAGR from 2022 to 2030 and reach USD 61.9 Billion by the end of 2030.

Segmentation
By Type Pork Beef Chicken Others
By Process Cured Uncured
By Distribution Channel Store-Based Non-Store-Based
By Region North America Europe Asia-Pacific Rest Of The World
Key Players
Companies Profiled   Marfrig Group (Brazil)    Kerry Group Plc. (Ireland)    BRF S.A. (Brazil)    Associated British Foods Plc (UK)    Pilgrim’s Pride Corporation (US)    Cargill Incorporated (US)    Tyson Foods Inc. (US)    JBS S.A. (Brazil)    BRF S.A. (Brazil)    Hormel Foods Corporation (US)    NH Foods Ltd. (Japan)    Smithfield Foods (US)    Flanders Provision (US)
Drivers
Market Driving Forces   Increasing per capita disposable income coupled with changing lifestyles    Growing food service industry    Rising acceptance for processed food
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Frozen Processed Meat Market Scenario:


The global frozen processed meat market is expected to register 6.8% CAGR from 2022 to 2030 and reach USD 61.9 billion by the end of 2030. Frozen processed meat constitutes meat products, which are processed and stored at lower temperatures to inhibit the growth of micro-organisms.


The increasing per capita disposable income coupled with changing lifestyles is driving the growth of the global frozen processed meat market. The rapidly growing food service industry is expected to boost the growth of the market. Rising acceptance for processed food is predicted to foster the growth of the global market. Additionally, owing to the increasing health awareness consumers are now shifting from canned food towards frozen foods, which is anticipated to fuel the growth of the frozen processed meat market.


Segmentation:


The global frozen processed meat market has been segmented based on type, process, distribution channels, and region.


The global frozen processed meat market has been classified, based on type, into pork, beef, chicken, and others. The market has been bifurcated, based on process, into cured and uncured. The market has been segmented, based on distribution channel, into store-based and non-store-base. The store-based segment is further classified into supermarket and hypermarkets, convenience stores, and others.


The global frozen processed meat market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American market has further been segmented into the US, Canada, and Mexico. The European market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe.  The market in Asia-Pacific has been segmented into China, India, Japan, Australia & New Zealand, and the rest of Asia-Pacific. The frozen processed meat market, in the rest of the world, has been segmented into South America, the Middle East, and Africa.


Regional Market Summary:


The market in North America is expected to dominate the global frozen processed meat market due to the increasing consumption of meat products and the well-established foodservice industry. Moreover, the high per capita disposable income of the population in the region is expected to fuel the growth of the global market.


Asia-Pacific is projected to grow at the highest CAGR in the global frozen processed meat market, due to the increasing demand for food as a result of the rapidly increasing population. Moreover, the changing lifestyle and food habits of the consumers in the region is anticipated to foster the growth of the global market.  The global frozen processed market in the rest of the world is expected to grow at a steady rate due to the increasing consumption of meat in many parts of the world.


Key Players:


Marfrig Group (Brazil), Kerry Group Plc. (Ireland), BRF S.A. (Brazil), Associated British Foods Plc (UK), Pilgrim’s Pride Corporation (US), Cargill Incorporated (US), Tyson Foods, Inc. (US), JBS S.A. (Brazil), BRF S.A. (Brazil), Hormel Foods Corporation (US), NH Foods Ltd. (Japan), Smithfield Foods (US), Flanders Provision (US), Conagra Foods (US), and Keystone Foods (US) are some of the key players in the global market.


Market, by Type



  • Pork

  • Beef

  • Chicken

  • Others


Market, by Process



  • Cured

  • Uncured


Market, by Distribution Channels



  • Store-Based


    • Supermarkets & Hypermarkets

    • Convenience Stores

    • Others


  • Non-Store-Based


Market, by region



  • North America


    • US

    • Canada

    • Mexico




  • Europe


    • Germany

    • France

    • Italy

    • Spain

    • UK

    • Rest of Europe




  • Asia-Pacific


    • Japan

    • China

    • India

    • Australia & New Zealand

    • Rest of Asia-Pacific




  • Rest of the World (RoW)


    • South America

    • Middle East

    • Africa



Intended Audience



  • Processors of frozen processed meat

  • Traders and distributors of frozen processed meat

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratories


 



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 61.9 Billion
  CAGR   6.8%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, Process, Distribution Channel, and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Marfrig Group (Brazil), Kerry Group Plc. (Ireland), BRF S.A. (Brazil), Associated British Foods Plc (UK), Pilgrim’s Pride Corporation (US), Cargill Incorporated (US), Tyson Foods, Inc. (US), JBS S.A. (Brazil), BRF S.A. (Brazil), Hormel Foods Corporation (US), NH Foods Ltd. (Japan), Smithfield Foods (US), Flanders Provision (US), Conagra Foods (US), and Keystone Foods (US)
  Key Market Opportunities   Increasing health awareness consumers are now shifting from canned food towards frozen foods
  Key Market Drivers   Increasing per capita disposable income coupled with changing lifestyles, Growing food service industry, Rising acceptance for processed food


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Frequently Asked Questions (FAQ) :

Frozen processed meat market valuation would be USD 61.9 billion by 2030.

Frozen processed meat market CAGR would be 6.8% during the forecast period (2022-2030).

Frozen processed meat market participants mentioned in the report are Kerry Group Plc. (Ireland), BRF S.A. (Brazil), Marfrig Group (Brazil), Pilgrim’s Pride Corporation (US), Associated British Foods Plc (UK), Tyson Foods, Inc. (US), JBS S.A. (Brazil), Cargill Incorporated (US), Hormel Foods Corporation (US), Conagra Foods (US), BRF S.A. (Brazil), Smithfield Foods (US), Flanders Provision (US), NH Foods Ltd. (Japan), and Keystone Foods (US).

North America would dominate the frozen processed meat market.

The Asia Pacific region would be the fastest-growing frozen processed meat market.