According to experts from Transparency Market Research, the global frozen meat market is expected to fetch revenue worth US$30.0 bn by the end of 2026. This growth is projected to occur at a steady CAGR of 3.4% during the forecast period from 2017 to 2026.
Widespread advancements associated with freezing techniques to lengthen the lifespan of meat products and improve their quality are primarily driving growth in the global frozen meat market. Eating habits are rapidly changing all over the globe, and many now prefer ready-to-eat meat products and foods. A fast-paced living standard, surge in online food orders, and availability of less time to cook using freshly bought meet, are three lifestyle changes, which are making the global frozen foods market grow extensively.
With food delivery services becoming more efficiency and cheaper, the frozen meat market is expected to witness an augmented growth in the near future. Sometimes, restaurants and foodservice chains might face a shortage of fresh meat, and this could hamper their sales greatly. However, this situation can be reversed by storing frozen meat and utilizing as per requirement. Thus, as utilizing frozen meat proves extremely beneficial for restaurants and other food joints, the global frozen meat market is expected to witness a handsome growth.