The industry for frozen meat is anticipated to develop over the forecast period due to the several benefits it offers, including a longer shelf life, food safety, and others. Furthermore, frozen beef products are simple to prepare and contribute to reducing food waste. Food poisoning is brought on by potentially hazardous bacteria, which are prevented from growing by the freezing action. Food items retain their freshness, texture, and flavour thanks to quick freezing. A meat's ability to freeze into ice crystals, which locks in freshness and nutritional content, depends on how much water is contained in the meat. Over the projection period, these elements should lead to an increase in demand for frozen beef.
Global Frozen Meat Market was valued at US$ 23.2 Billion in 2021 in terms of revenue, exhibiting a CAGR of 4.9% during the forecast period (2022 to 2030).
Leading Companies in the Frozen Meat Industry:
1. Kerry Group Plc.
Kerry is a world leading provider of taste and nutrition solutions for the food, beverage and pharmaceutical markets. Kerry Group plc was founded in 1972 and is headquartered in Tralee, Ireland. Manufacturing locations in 36 countries around the globe. In December, 2022 KerryNutri Guide has been launched in response to the need to promote healthier diets globally amid a changing regulatory environment.
2. Associated British Foods Plc.
Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. The company was incorporated in 1934.It is headquartered in London, the United Kingdom and is operational in more than 53 countries.
3. BRF S.A.
BRF S.A. focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, and other products. BRF S.A. was founded in 1934 and is headquartered in Itajaí, Brazil.
4. JBS S.A.
JBS S.A., a food company, processes and trades in animal protein worldwide. JBS S.A. was founded in 1953 and is headquartered in São Paulo, Brazil. In May, 2022 JBS Biodiesel is expanding its operations with a new biodiesel plant at Mafra, the State of Santa Catarina.
5. Marfrig Global Foods S.A.
Marfrig Global Foods S.A., through its subsidiaries, operates in the food and food service industries. Marfrig Global Foods S.A. was founded in 1986 and is headquartered in São Paulo, Brazil.
6. Cargill Inc.
Cargill provides food, agriculture, financial and industrial products and services to the world. The company was founded in 1965. It has headquarters situated in Minnesota, USA and is operational in more than 70 countries / regions. In January, 2023 Cargill announced it has completed the acquisition of Owensboro Grain Company.
7. Tyson Foods, Inc.
Tyson Foods, Inc., together with its subsidiaries, operates as a food company worldwide. The company was founded in 1935 and is headquartered in Springdale, Arkansas. On December, 2022 Tyson Foods announced it will open a state-of-the-art childcare center in 2023 for Northwest Arkansas team members near its world headquarters campus in Springdale.
8. Pilgrim’s Pride Corporation
Pilgrim's Pride Corporation engages in the production, processing, marketing and distribution of fresh, frozen and value-added chicken, and pork products to retailers, distributors, and foodservice operators The company was founded in 1946 and is headquartered in Greeley, Colorado.
*Definition- As a conventional practise for meat preservation and conservation, frozen meat storage is used. The meat's market shelf-life is extended and microbial growth is inhibited, as well as after-death enzyme activity is decreased.
