Frozen Processed Meat Market 2018 | Future Growth, Business Prospects, Global Leading Players, Industry Review and Professional Survey by Forecast to 2023

Market Overview:

Frozen Processed Meat involves basic food chemistry under which the meat is conserved by a freezing process and kept in a freezer before cooking.  Frozen Processed Meat are of various types such as beef, pork, chicken & poultry, mutton, lamb and others. The food industry is observing a substantial growth over the last decade. Frozen food is in high demand among the consumer and frozen processed meat is one of the important part of that. The significant factor driving the growth of the frozen processed meat market is the increasing demand of high protein food among the consumer. Consumers are inclined to adopt meat to fulfil their health nutrients. Furthermore, the development of the food technology is providing the extra space for the frozen food manufacturers.

Apart from that, the hectic lifestyles of the people coupled with the changing dietary patterns of the consumer is further propelling the demand of frozen processed meat market in the upcoming decade. Rising number of nuclear families in developed countries coupled with the mounting migration of people from rural areas to metropolitan cities is anticipated to drive the demand for frozen processed meat in the upcoming decade. In addition, mounting growth of organized retail industry is also anticipated to be one of the important factor for increasing growth of frozen processed meat market during the forecast period.

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Consumers are interested to buy the products from the super markets & hyper markets instead of the normal grocery shop. Food service industry is witnessing a healthy growth over the couple of years both in developed and developing economies which in turn offers a lucrative opportunity in the frozen processed meat market over the forecast period. Generally, food service companies purchase the product in a bulk quantity which is positively influencing the demand of frozen processed meat.  

Latest Industry Updates:

Feb 2018 Bista Solutions, a world-class software development company and global leader in ERP implementation, announced the release of OptoMeat, an ERP software for the meat processing industry.

Jan 2018 Meat producer, Hilton Food Group has claimed it is well placed for further expansions after its trading update revealed its annual reports. Moreover, Hilton has agreed to supply Tesco’s central European stores with pre-packed meat in a five year supply deal.

Nov 2017 The University of Nebraska-Lincoln Dairy Store, located on UNL’s East Campus, has expanded its line of products to include frozen meats from the university’s animal science department.

Oct 2017 Hormel Foods Corp. bought Columbus Manufacturing Inc., a premium deli meat and Salami company, for $850 million, the largest acquisition in Hormel's history.

Competitive Analysis:

With the entry of industry players in the frozen processed meat segment, a trend of solid, volume-driven growth has been observed in the market with the development of different varieties of product types. With companies aiming to capture a considerable share of the market segment as early as possible, they are competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.

The key players profiled in frozen processed meat market report are as Marfrig Group (Brazil), Kerry Group plc. (Ireland), BRF S.A. (Brazil), Associated British Foods Plc (U.K), Pilgrim’s Pride Corporation (U.S.), Cargill Incorporated (U.S.), and Tyson Foods, Inc. (U.S.) among many others.

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Market Segments:

The global frozen processed meat market has been divided into type, process, distribution channel, and region.

On The Basis of Type: Beef, Pork, Chicken, Mutton, and Others

On The Basis of Process: Cured, Uncured, and Others

On The Basis of Distribution Channel: Store Based, and Non-Store Based

On The Basis of Region: North America, Europe, Asia Pacific, and ROW.

Regional Analysis:

The global frozen processed meat market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Europe is anticipated to be dominating the frozen processed meat market followed by North America. Presence of key players in the U.S. followed by rising inclination towards portable convenience foods is a driving factor for growth of frozen processed meat market in North America.

Asia Pacific is projected to be the fastest growing region for frozen processed meat market in which China and Japan are the major contributors followed by India. Moreover, Latin American countries, offer ample opportunities for expansion to major players. Middle East region is projected to be one of the lucrative place to enhance the business of frozen processed meat.