Frozen Meat Market expands with the need for extended shelf life of foods

1. Frozen Meat Market expands with the need for extended shelf life of foods Market overview: The global Frozen Meat Market was valued at USD 73.3 billion in 2019, and it is estimated that it will reach USD 99.2 billion by 2025 at a CAGR of 4.4% during the conjecture period. Frozen meat offers a number of benefits, such as long shelf life and food security, and is expected to drive growth in the global frozen meat market during the forecast period. Also, frozen meat products reduce food waste and are easy to cook. The freezing action inhibits the growth of potentially harmful bacteria that cause food poisoning. Recent developments: Kerry Group Plc. launched a variety of American frozen dishes under the 'The Shack' brand, including meat burrito, chicken fajitas, macaroni and cheese. Market Drivers and Restrains: The growing demand for ready-to-eat and lifestyle changes in developed and developing countries is one of the main drivers of the global frozen meat market. Market growth is driven by changes in lifestyle and food preferences, seasonality, and increased adoption of ready-to-eat foods. Quick freezing preserves the texture, flavor and freshness of food. When there is little water, it turns into ice crystals, fixing freshness and nutritional value. Increasing levels of per capita income in developing countries, and especially the growing demand for frozen food in the workforce, are other key factors that are expected to drive the growth of the frozen meat market worldwide during the forecast period. These factors are expected to increase demand for frozen meat during the forecast period. Rapid urbanization due to population growth and the need to meet the growing demand for non-vegetarian consumers are just some of the factors that are expected to drive market growth in the coming years. Technological advances to increase the shelf life of frozen products and continued efforts to provide high- quality products, especially meat products, are accelerating the growth of this market.

2. The high costs associated with purchasing refrigeration equipment are an important factor in inhibiting the growth of the global frozen meat market. Additionally, frozen foods contain various types of preservatives that can affect the body, which is another major factor that is expected to hinder the growth of the global frozen meat market during the outlook period. To know more read: https://www.marketdataforecast.com/market-reports/frozen-meat-market Report is segmented as: The market is classified by type of product into beef, chicken, pork, etc. In 2018, frozen meat accounted for the largest market share of over 30.0% due to the high consumption and import of frozen meat from Asian countries and around the world. Distribution channels are classified into convenience stores, supermarkets and hypermarkets, online. The supermarket and hypermarket sectors are expected to expand with the fastest CAGR during the outlook period. Geographical Segmentation: The North American market has the largest share of income in the global frozen meat market due to high consumption of frozen food and increased disposable income in the region. The Asia Pacific market is expected to witness the fastest growth in terms of income as adoption of frozen foods increases. The European market has the second most elevated income share in the worldwide frozen meat showcase because of expanded utilization of frozen meat and way of life changes, trailed by the business sectors of Asia Pacific, Latin America and the Middle East and Africa, individually. Impact of COVID 19 on Frozen Meat Market The COVID-19 pandemic has had a significant impact on companies in many industries in a very short time, including frozen food and the food supply chain. Sales of frozen meat, especially frozen prepared meals, have increased because consumers are stocking up on food. Along these lines, the offer of frozen meat is emphatically influenced by the presence of COVID-19. Key market players:

3. The main companies operating in the global frozen meat market are Associated British Foods Plc., Pilgrim's Pride Corporation, Kerry Group Plc., BRF SA, JBS SA, Verde Farms LLC, Marfrig Global Foods SA, Tyson Foods, Inc., Cargill Inc and VH Group. View sample and decide: https://www.marketdataforecast.com/market-reports/frozen-meat- market/request-sample Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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