Meat products derived from freshly slaughtered animals, aquaculture, or poultry are collectively referred to as frozen meat. The meat is preserved by putting it in the freezer at a temperature higher than -180°C and adding a lot of seasonings, acidifiers, salt, and flavorings. Beef, chicken, pork, shellfish, and other typical meats are among the commodities that are often frozen. Compared to freshly cut meat, these products have a longer shelf life, are easier to store, are available all year round, and have less microbial development. Agrika International Inc., Ajc International, Inc., Ben E. Keith Company, Brecon Foods Inc., Conagra Brands, Inc., El Monterey Inc., Foster Farms Inc., Jbs Pilgrims, Koch Foods Incorporated, Sanderson Farms, Inc., Stouffer’s (Nestlé S.A.), Tyson Foods Inc.
United States Frozen Meat Market Driving Factors and Challenges
Drivers: The market for frozen meat is expanding in the United States due to consumers' busy lifestyles and demanding work schedules, which is driving up demand for ready-to-eat foods. Moreover, the market is expanding due to consumers' growing preference for processed meat items such hot dogs, bacon, sausages, canned meat, etc. The country's demand for the commodity is also being further boosted by the abundance of quick-service restaurants, food trucks, cafes, and other establishments that rely heavily on processed and ready-to-cook meat varieties to provide quick and easy client service. In addition, the ongoing modernization of cold chain logistics facilities and the rising import of seafood, especially from Asia-Pacific nations, are supporting the expansion of the US market. Furthermore, Throughout the projection period, the market will be further driven by customers' increasing reliance, particularly among millennials, on ready-to-cook items due to time limitations. In April 2021, the U.S. Department of Agriculture reported that because of their hectic schedules, 72.0% of Americans buy ready-to-eat food from full-service restaurants.
Challenges: The United States frozen meat market faces several challenges that impact its growth and stability. One significant issue is the increasing competition from both domestic and international suppliers, which puts pressure on prices and profit margins. Additionally, shifting consumer preferences towards fresh, organic, and plant-based alternatives are leading to a decline in demand for frozen meats. The market also grapples with stringent regulatory requirements regarding food safety and labeling, necessitating costly compliance measures for producers. Supply chain disruptions, often exacerbated by factors like extreme weather events and global crises, can hinder the availability of products. Lastly, evolving technological advancements in food preservation and storage create a need for continuous investment, posing a challenge for smaller players in the market to keep up with larger competitors.
Impact of COVID-19 on United States Frozen Meat Market
The COVID-19 pandemic caused major disruptions at several supply chain stages, which had a substantial effect on the frozen beef market in the United States. Lockdown tactics first caused temporary plant closures and a labor shortage, which in turn caused a decrease in production capacity and a scarcity of inventory. With more people cooking at home, there was a spike in demand for frozen items, which led to stockouts at many stores as customers started buying in bulk. Furthermore, the pandemic revealed weaknesses in the supply chain, which led numerous businesses to reconsider their sourcing and logistical plans. Additionally, due to health concerns, food safety procedures came under more scrutiny, which compelled manufacturers to follow more stringent cleanliness guidelines.
United States Frozen Meat Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players are; Ajc International, Inc., Agrika International Inc., Ben E. Keith Company, Brecon Foods Inc., Conagra Brands, Inc., El Monterey Inc., Foster Farms Inc., Jbs Pilgrims, Koch Foods Incorporated, Sanderson Farms, Inc., Stouffer’s (Nestlé S.A.), Tyson Foods Inc.
United States Frozen Meat Market Segmentation:
By Product Type: Based on the Vehicle Type, United States Frozen Meat Market is segmented as; Poultry, Beef, Pork, Seafood, Others.
By Distribution Channel: Based on the Distribution Channel, United States Frozen Meat Market is segmented as; Supermarkets and Hypermarkets, Convenience Stores, Online, Others.
By End Use: Based on the End Use, United States Frozen Meat Market is segmented as; Retail, Institutional.
By Region: This research also includes data for Eastern, Western, Southern and Northern Region.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.