Frozen Meat Products Market size was valued at USD 74.6 billion in 2021, growing at a CAGR of 4.6% from 2022 to 2028. The global market provides a detailed overview of the global frozen meat products market, and that can be segmented by form, by type of meat, and by distribution channel. By form, the global frozen meat products market has been segmented into Frozen Processed Meat and Frozen Whole Cut. The Frozen Processed Meat segment is likely to be the largest and fastest-growing segment in terms of form in 2021 and is expected to maintain the growth in the upcoming years due to high demand for frozen processed meat. Based on type of meat, the global frozen meat products market is segmented into Chicken, Beef, Pork, Lamb, and Other. Among these, the Beef segment is expected to have the fastest-growing market during the forecast period 2022-2028 according to precision business insights. It is attributed to the high consumption and import of frozen beef by Asian countries and on the global level. Based on distribution channel, the global frozen meat products market is segmented into Food Chain Services, Online Stores, Departmental Stores, and Other. The Food Chain Services segment accounts for the largest share in 2021. The high consumption of meat across the world are creating lucrative opportunity in the market. There are various types of meat such as cows (quarters of hamburger), pigs (sides of pork), calves, sheep, etc. Freezing to a great extent smothers the movement of microorganisms and compounds, so guaranteeing longer conservation than for chilled meat. Meat is rapidly frozen in a freezing tunnel in which the meat is presented to an impact of cool air and in some cases totally solidified in under 24 hours.
In Oct 2022, Frozen foods brand, ITC Master Chef introduced the ‘Ab Koi Bhi Chef’ campaign with the launch of ITC Master Chef frozen snacks range.
In Oct 2022, Beyond Meat appeared to be testing several new products, including its highly publicized plant-based steak, in limited launches at Jewel Osco stores in the US Midwest.