Expanded Frozen Meat Market Expected to Reach USD 59.1 Billion by 2034
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The global frozen meat market is on an upward trajectory, with significant growth projected over the next decade. In 2024, the market was valued at USD 36.3 billion and is expected to reach USD 59.1 billion by 2034, growing at a 5.0% Compound Annual Growth Rate (CAGR) from 2025 to 2034.
Conventional meat holds an 82.1% share of the market, but this landscape is changing as key players invest in innovation and expansion. BRF, a Brazilian meat giant, has expanded its frozen brands into new Asian markets and invested in AI-driven cold chain logistics. Similarly, Associated British Foods plc (ABF) has ventured into Asia, investing in sustainable frozen meat production and launching new frozen beef lines under its Primark Meats brand in Europe.
The Asia-Pacific region leads the market, worth USD 13.0 billion in 2024. Notably, Cargill has increased frozen poultry and beef production in the U.S. and Thailand, while Allana, a major player in India's frozen meat industry, has expanded its export operations to the Middle East and Africa.
The growth of the frozen meat market significantly impacts the global economy. It creates jobs and boosts trade, with supermarkets and hypermarkets leading distribution with a 54.2% share. The market's expansion also contributes to the growth of related logistics and cold chain infrastructure industries.
Consumer preferences are driving this growth. There is an increasing demand for convenience foods with longer shelf life, and innovations in freezing and packaging technologies that preserve quality and freshness are meeting this demand. Moreover, consumers are becoming more aware of health and sustainability aspects, and the market is responding with offerings that cater to these concerns.
The frozen meat market is also benefiting from the rapid growth of internet retailing. E-commerce strengthens digital economies but also faces challenges such as environmental concerns and competition from plant-based alternatives.
The processed beef and frozen chicken segments are particularly notable in this growth. These segments are driven by evolving dietary habits, urbanization, and consumers favoring natural, organic, and traceable products. For instance, BRF has introduced pre-marinated frozen chicken for convenience in new markets.
Innovations fostering sustainability and quality in frozen meat may encourage shifts toward organic and natural product segments, influencing agricultural practices. The frozen meat market's growth aligns with trends in consumer lifestyle changes, supporting a wider transition toward convenient, ready-to-eat food options that can boost overall food industry efficiency and profitability.
Cargill has enhanced traceability in its supply chain using digital tracking for quality assurance. AL-Shah Enterprises, a Pakistani frozen meat exporter, has strengthened its supply chain to meet rising Gulf demand. Enhanced cold chain infrastructure investments also improve supply chain efficiency.
In conclusion, the frozen meat market's growth is supported by technological advancements, changing consumer preferences for convenient, high-quality, and sustainable food products, and expanding market access through retail and online channels. This growth is projected to facilitate significant economic contributions worldwide, influencing sectors from agriculture to retail and logistics on a global scale.
[1] Market Reports World - Global Frozen Meat Market Report 2022 [2] Grand View Research - Global Frozen Meat Market Size, Share & Trends Analysis Report By Product (Beef, Pork, Poultry, Seafood), By Distribution Channel, By Region, And Segment Forecasts, 2022 - 2030 [4] Frozen Food Business - The Impact of Frozen Foods on the Global Economy
- The growth of the frozen meat market, particularly in sectors like processed beef and frozen chicken, is not only influencing the agricultural sector but also contributing to the expansion of related businesses such as online retail and logistics industries, improving overall food industry efficiency and profitability.
- As consumers become more conscious about health and sustainability, businesses in the food-and-drink industry, including those involved in the production and distribution of frozen meat, are responding by offering products that cater to these preferences, which in turn aligns with trends in lifestyle changes and finance.
