Frozen Processed Meat Market Research Report -Forecast till 2027

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 2027

ID: MRFR/F-B & N/2543-HCR | February 2021 | Region: Global | 110 pages         

Frozen Processed Meat Market

frozen processed meat market register 6.8% CAGR from 2020 to 2030 and reach USD 61.9 Billion by the end of 2030.

Segmentation

By Type Pork Beef Chicken
By Process Cured Cured
By Distribution Channel Store-Based Non-Store-Based

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)

Drivers

  • Demand for organic product
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Frozen Processed Meat Market Scenario:


The global frozen processed meat market is expected to register 6.27% CAGR from 2019 to 2024 and reach USD 3.45 billion by the end of 2024. 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


 



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Frequently Asked Questions (FAQ) :

Frozen processors meat market valuation would be USD 3.45 billion by 2024.

Frozen processors meat market CAGR would be 6.27% during the forecast period.

Frozen processors meat market players 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 processors meat market.

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