USA Frozen Meat Market Growth and Size, Rising Trends, Revenue, Demand, CAGR Status, Challenges, Future Opportunities and Forecast Analysis till 2033: SPER Market Research
The term “frozen meat” describes meat products that have been frozen at low temperatures, usually below 0°F (-18°C), to preserve them. This process prolongs the meat’s shelf life and preserves its quality by efficiently preventing the growth of germs and other microbes.
Products include beef, hog, chicken, and lamb as well as processed foods like sausages and patties can all be classified as frozen meat. Flavour and nutrients are preserved during the freezing process, giving consumers a convenient choice.
According to SPER market research, ‘United States Frozen Meat Market Size- By Product Type, By Distribution Channel, By End User – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the United States Frozen Meat Market is predicted to reach USD 84.27 Billion by 2033 with a CAGR of 3.27%.
Drivers:
Due to Americans’ hectic lives and demanding work schedules, the market for frozen meat is growing in the country, increasing demand for ready-to-eat items. Additionally, the industry is developing as a result of customers’ increasing inclination toward processed meat products like sausages, hot dogs, bacon, canned meat, etc. The proliferation of quick-service restaurants, food trucks, cafes, and other businesses that primarily rely on processed and ready-to-cook meat kinds to provide quick and simple customer service is also contributing to the nation’s need for the commodity. Furthermore, the US market is growing due to the increasing import of seafood, particularly from countries in the Asia-Pacific region, and the continuous modernization of cold chain logistics facilities.
Challenges:
Numerous factors influence the growth and stability of the frozen meat industry in the United States. The pressure rising domestic and international suppliers are putting on prices and profit margins is one of the main issues. Furthermore, as customers move toward fresh, organic, and plant-based options, the market for frozen meats is shrinking. Companies also have to pay a high price to adhere to the market’s stringent rules around food safety and labeling. Supply chain disruptions can lead to a decrease in product availability and are sometimes exacerbated by extraneous occurrences like extreme weather and global crises.
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The United States’ frozen beef market was greatly hit by the COVID-19 epidemic, which severely interrupted the supply chain at several levels. Lockdown techniques first resulted in temporary plant closures and a labor shortage, which subsequently led to a reduction in production capacity and an inventory shortfall. As more people started cooking at home, there was an increase in demand for frozen goods. As a result, several businesses had stockouts when customers started to buy in bulk. A number of businesses also had to review their sourcing and logistics strategies as a result of the epidemic’s revelation of supply chain weaknesses. In addition, health concerns heightened inspection of food safety procedures and compelled businesses to follow more stringent cleaning guidelines.
Additionally, some of the market key players are; 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 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.
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United States Frozen Meat Market Trends
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