Hyderabad, India -- (SBWire) -- 02/08/2018 --The report " Frozen Meat Market By Product Type (Processed Meat, Whole Cut), By End-User (Food Service, Retail Customers), By Distribution Channel (Store Based, Non-Store Based) And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)", Increasingly hurried lifestyles of working people worldwide and the ready availability of frozen foods are the key promoters of the market growth.
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By products and services, the consumables segment accounted for the largest share of the market in 2017
Under classification by product, the global market is divided into Frozen Processed Meat and Frozen Whole Cut. In this segmentation, the Processed Meat segment occupied the position of the top market share holder in 2016. It is also projected to continue growing at a very high CAGR owing to the high demand for products such as bacon, hot-dogs, jerky, ham, canned beef and sausages across the globe. Demand for Whole cut meat is also growing due to the pocket-friendly wholesale nature of it over the Processed meat.
By end user, Food service segment is globally divided into two variants
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On the basis of end users, the global market is categorized into Food service and Retail customers.
In 2016, the Food service segment portrayed the maximum contribution to the global market revenue. It is reasoned with the expansion of several multinational food service chains globally, into countries that hitherto remained untapped. This trend is expected to continue in the near future as well, promoting the growth of the Frozen Meat market.
By distribution process, the Store based accounted for the largest share in 2017
Based on distribution channel, the market is segmented into Store Based and Non-Store Based. The increase in the market share of the Store Based segment of the market is positively affected by the expanding food chains and the establishment of native food chains in many of the nations. With the onset of online merchandising, many frozen meat markets have expanded into the Non-store based distribution of their goods. This is foreseen to have a positive effect on the global market growth.
North America dominated the market in 2017
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Geographically, the global Frozen Meat market is segregated into North America, Europe, Asia-Pacific, Latin America and Middle East Asia regions. Of these, the North America region is calculated to defend its position as the top market share contributor globally, owing to the ever increasing demand for processed meat in the reason, both commercially and domestically. Asia Pacific region is predicted to compete with North America region due to its high growth rate in the forecast period.
The leaders in the global Frozen Meat market are E.I. du Pont de Nemours and Company (DuPont), Kerry Group plc, Associated British Foods plc, Archer Daniels Midland Company, LASENOR EMUL SL., Puratos Group, Lonza Group Ltd, Novozymes A/S, PALSGAARD A/S, ROYAL DSM N.V, RIKEN VITAMIN CO. LTD and Cargill Incorporated.
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