Chilled meat and meat Market Analysis and Size
Chilled food is a concept in which food is kept chilled to prevent it from spoiling. Restaurants now keep a large amount of chilled meat on hand to avoid a meat shortage. This aids in preserving the quality and texture of meat and meat products.
Data Bridge Market Research analyses that the chilled meat market was growing at a value of USD 88.54 billion in 2021 and is expected to reach a value of USD 146.53 billion in 2029 and registering a CAGR of 6.50% from 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Chilled meat and meat Market Scope and Segmentation
| REPORT METRIC | DETAILS |
| Forecast Period | 2022 to 2029 |
| Base Year | 2021 |
| Historic Years | 2020 (Customizable to 2014 – 2019) |
| Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
| Segments Covered | Product Type (Frozen Processes Type, Frozen Whole Cut), End-User (Retail Customers, Food Service), Process (Water Chilling, Air Chilling), Distribution Channel (Supermarket/Hypermarket, Grocery Stores, Specialty Retailers, Online Channels, Others) |
| Countries Covered | U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
| Market Players Covered | JBS S.A. (U.S.), The Kraft Heinz Company (U.S.), BRF Global (Brazil), Astral Foods (South Africa), Hormel Foods Corporation (U.S.), 2 Sisters Food Group (UK.), Waitrose Partners (UK.), Wm. Morrison Supermarkets Limited (U.K.), Samworth Brothers (U.K.), General Mills Inc (U.S.), Conagra Brands, Inc (U.S.), Nestlé SA (U.S.), Unilever (U.K.), Kellogg Co (U.S.), McCain Foods Ltd. (U.S.), Associated British Foods plc (U.K.), Ajinomoto Foods (Japan), LantmännenUnibake (Germany) |
| Opportunities | New entrants are providing market expansionsFood trading in the chilled meat industry is becoming increasingly internationalSupply chains are becoming larger and more complicated |
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Market Definition
Chilled meat is a common method of conservation. This reduces after-death enzyme activity, inhibits microbial expansion, and increases market shelf-life. The chilled meat wrapped in a package and stored at 0°Frequency temperature is safe to eat. As a result, chilled meat is frequently transported overseas or internationally. Certain foods and meats are seasonal and only available in a specific area, so the adoption of freezer technology allows food storage throughout the year and supply across the globe.
- Global Chilled meat and meat Market Dynamics
Drivers
- growing consumption of ready to eat meals
The market is expected to grow due to rising demand for ready-to-eat meat products with high nutritional value, such as high protein content and low cholesterol and calorific values, without sacrificing the product’s flavour and taste profile. This is expected to spark a wave of ready-to-eat meat innovation in the coming years, boosting industry growth. Furthermore, the convenience of ready-to-eat meat in terms of time savings and minimal work required for meal preparation is driving the industry forward.
- High penetration of e-commerce channels
Due to the product’s ease of use and time savings, the market is gaining popularity among consumers, particularly young professionals. By introducing new product varieties, this scenario is expected to provide potential opportunities for the global market. Over the last few years, stable economic growth associated with the developing food and beverage industry has increased job opportunities, thereby increasing the average income of consumers.
Furthermore, due to the growing penetration of e-commerce and online delivery services driven by an accelerated lifestyle, eateries and restaurants worldwide are relying on chilled meat products to meet the demand for meat dishes. This scenario anticipates global market growth in the coming years.
Opportunity
An increasing number of chilled meat product manufacturers are entering the market to meet this rising demand, with new entrants expanding into new markets. As a result, food trading in the chilled meat industry is becoming increasingly international in most countries. As a result, supply chains are becoming larger and more complicated, resulting in a greater need for meat to remain fresh for extended periods of time driving chilled meat sales.
Restraints
However, high costs associated with the acquisition of freezing equipment and the majority of frozen foods containing various types of preservatives that may affect the human body are among the major factors acting as restraints. They will further challenge the chilled meat market during the forecast period.
This chilled meat market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the chilled meat market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
- COVID-19 Impact on Chilled Meat Market
The COVID-19 pandemic led to a massive burden on food and beverage supply chains worldwide. Consumer consumption habits have shifted due to their perception of the risk associated with COVID-19. Fear of possible food and beverage shortages has fuelled the hoarding trend. Due to the hoarding, demand for chilled meat food products increased, and the companies could not meet the market demand. The vaccination campaign and lockdown practises to limit the virus’s Global spread are likely to aid in the growth of the chilled food market in regaining its position in the food and beverage sector.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In 2019, Suguna Meat Farm Ltd announced opening a cold storage facility in Tiruchi. It has a capacity of 25 tonnes of meat. This will give you ready-to-eat chicken as well as chicken portions.
