Frozen Meat and Fish Market Size (2024 - 2029)

Frozen Meat and Fish Market Analysis

The frozen Meat and Fish Market is projected to register a CAGR of 5.78% during the forecast period (2022-2027).

During the COVID-19 pandemic, the majority of nations experienced varied degrees of lockdown or self-quarantine, which had an influence on frozen meat and fish-eating habits. Meat delivery was forbidden in locations where the pandemic was more severe and widespread, such as parts of Italy. To go grocery shopping in countries such as Greece, France, and Italy, people had to apply for permits. Fresh meat, frozen meat, and canned meat all saw large increases throughout that time period, with frozen meat being one of the most popular since it is not as perishable as fresh meat.

Over the medium term, it is expected that the frozen meat and fish market will grow significantly. Companies have recognized the importance of e-commerce, and several players are now partnering with third-party retailers to deliver products to customers' homes. Transparency is another factor that is expected to influence the market. There have been reports of improperly labelled and counterfeit items being sold in the market. For example, Conagra Brands, Inc. recalled frozen beef goods in March 2022 owing to misbranding and undisclosed allergies.

People are willing to spend a greater price for superior quality. Consumers always favour brands that focus on producing frozen meat items that contain no preservatives or have less of them. Thus, consumer's preference for healthy eating will drive the demand for frozen meat and fish items branded "organically" and free of preservatives. Individuals's attitudes about frozen food are also expected to drive the industry and people increasingly buy frozen meat products without hesitation because of the benefits they offer over fresh meat, such as shelf life.

All these factors such as perpection of people towards frozen meat, rise in sale of organic frozen meat and fish, prematuriztion and other factors will propel the market in the forecast period.

Frozen Meat and Fish Industry Segmentation

Frozen meat is meat that has been significantly chilled after slaughter to significantly lower temperatures. Before cooking or additional processing, frozen meat must normally be thawed. Partial thawing (known as tempering) is sometimes used because tempered meat is harder than totally thawed meat and may be sliced or flaked more readily. The Frozen Meat and Fish Market is segmented by product type into white meat (chicken and turkey), red meat(Beef, pork, lamb, and others), and fish (tuna, salmon, and others). By distribution, the channel market is segmented into supermarkets/hypermarkets, convenience/ grocery Stores, online retail stores, and other distribution channels. The market study also covers the analysis of major regions such as North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. For each segment, the market sizing and forecasts are carried out on the basis of value (in USD millions).