Study: Changing lifestyles fueling progress in global frozen meat market
A key trend in current times involves producing “craft meat” products.
The global frozen meat market is expected to fetch revenue worth $30 billion by the end of 2026, according to a report published by Transparency Market Research, Albany, N.Y. This growth is projected to occur at a steady CAGR of 3.4% during the forecast period from 2017-2026.
According to historical evidences, the frozen meat products market has existed on a large-scale basis since the 1930s, and ever since, the demand for meat products has increased tremendously. This has mainly occurred due to extensive benefits associated with frozen meat products.
Increase in food chain services stokes growth
Today, almost every fast food brand has franchised itself by providing quality meat and food products to a global audience. This has been possible through the use of frozen meat products, which portray ease of use in fast food franchised outlets managed through frozen meat suppliers.
New trends shape the frozen meat market’s future
A key trend in current times involves producing “craft meat” products, which involves introducing selective tastes to the products. Recent trends also suggest that “lab-grown frozen meat” would soon be a key part of the frozen meat market. This survey recorded favorable results from at least one-third of participating consumers.