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Global Frozen Meat Market to Rake in US$ 30 Bn Worth of Revenues by 2026

Press release Description

Albany, New York, March 30, 2018: A new research study titled “Frozen Meat Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026” has recently been added to the repository of Market Research Reports Search Engine (MRRSE). The report projects the global frozen meat market to witness a sluggish expansion at 3.4% CAGR and rake in nearly US$ 30 Bn worth of revenues by the end of the forecast period.

The report offers a comprehensive overview on the global frozen meat market, highlighting the various factors that are shaping this landscape. According to the report, demand for frozen meat has witnessed steady growth over the years, owing to a host of factors. Urbanization and hectic lifestyles, combined with supply demand challenges in terms of raw meat have led to greater demand for frozen meat among consumers. Manufacturers are facing challenges in terms of sourcing meat and maintaining the equipment for producing frozen meat.

The report segments the global frozen meat market into end user, product type and region. The end user segment is categorized into online stores, departmental stores, modern trade, food chain services and others. The product type segment is further sub-segmented into pork, lamb, chicken, beef and others. Geographically, the market is divided into key regions globally which are North America, Latin America, Europe, Asia Pacific Excluding Japan, Middle East & Africa and Japan.

According to the report, demand for frozen beef is likely to remain the highest among end-users. The revenue share of frozen beef is nearly 30%, and it is highly likely that the status quo will remain unchanged during the assessment period. In addition to frozen beef, demand for frozen chicken is also likely to grow at 3.5% CAGR during the assessment period.

Food chain services remain the largest distribution channels for frozen meat products. However, owing to wide range of product availability and doorstep delivery, sales through online channels are witnessing a spike. Demand for frozen meat products through online channels is likely to grow at 5.1% CAGR through 2026.

The report profiles some of the leading players operating in the market. Some of these players are Arcadian Organic & Natural Meat Co, Tyson Foods, Inc., Verde Farms, LLC, Pilgrim’s Pride Corporation, BRF S.A., Associated British Foods Plc., Kerry Group Plc. and Marfrig Group. These players are focusing on investing in equipment and seamless procurement of raw materials.

Browse Full Global Frozen Meat Market Report with TOC :

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