Chilled and Frozen Meat Market Size, Share & Industry Analysis, By Type (Beef, Chicken, Pork and Lamb), By Form (Chilled and Frozen), and Regional Forecast, 2024-2032

The global chilled and frozen meat market size was valued at USD 710.42 billion in 2023. The market is projected to grow from USD 750.75 billion in 2024 to USD 1,259.84 billion by 2032, exhibiting at a CAGR of 6.68% during the forecast period. 

Chilled meat is one of the meat products that is packaged under controlled atmospheric pressure and temperature to preserve them against any microbial deterioration and spoilage. This helps to protect the meat against any food-borne pathogens and ensure that the products are safer to consume. The slaughtered animals are cooled to 0-4 °C within 24 hours, and then they are processed, circulated, and sold in the markets. Frozen products refer to meat products that are slaughtered, pre-cooled, and acid drained and stored at a temperature below -18°C, whereas deep meat products are below -6°C. Some of the prominent manufacturers of chilled and frozen meat products include Cargill Incorporated, JBS S.A., and others.

MARKET DYNAMICS

MARKET GROWTH/DRIVERS

Expansion of Quick Service Restaurants (QSRs) to Fuel the Demand for Chilled and Frozen Meat

The rapid growth of fast-food restaurants and coffee shops, particularly in developing countries, is creating a substantial demand for chilled and frozen meat products. For instance, in May 2024, McDonald’s, an American fast-food chain, reached the 400-store milestone in India. As purchasing power rises in these regions, QSRs are increasingly incorporating frozen meals into their menus, which include items, such as frozen chicken, pizzas, and other ready-to-eat options. The expansion of QSRs in regions, such as Asia Pacific and Latin America is particularly noteworthy. In these areas, the growth of the food service sector is expected to create new opportunities for the global frozen meat market as more consumers dine out and seek convenient meal solutions.

Increasing Technological Advancements in Freezing Techniques to Boost Market Growth

Modern freezing technologies are increasingly designed to be energy-efficient, significantly reducing the carbon footprint associated with frozen meat production. According to Cryometrix, a company that specializes in providing state-of-the-art freezing and chilling technologies using proprietary cryogenic cooling solutions, innovations, such as advanced heat recovery systems and the use of environmentally friendly refrigerants, have been developed, enabling systems to consume up to 90% less energy compared to traditional mechanical freezers. Innovations, such as Individually Quick Freezing (IQF) and Cryogenic Freezing, have revolutionized how frozen meat is processed. These methods allow for rapid freezing, which prevents the formation of large ice crystals that can damage meat cells. As a result, the texture, flavor, and nutritional value of the meat are preserved more effectively, leading to higher consumer satisfaction and trust in frozen products.

MARKET RESTRAINTS

Escalating Inclination of Consumers Toward Plant-based Protein May Hinder the Demand for Chilled and Frozen Meat

The shift toward plant-based diets is not merely a trend; it represents a broader change in consumer behavior. The rise of veganism, vegetarianism, and flexitarian lifestyles indicates a growing segment of the population reducing meat consumption. Consumers are increasingly looking for products that offer similar taste and texture to meat, driving demand for plant-based meat alternatives. According to the Good Food Institute, in 2023, plant-based meat and seafood sales accounted for USD 215 million in the U.S. The rise in awareness regarding animal welfare has led many consumers to reconsider their dietary habits and use plant based products for meal preparation. Concerns about factory farming practices, animal confinement, and inhumane treatment have prompted a significant number of people to seek alternatives that align with their ethical values. This has contributed to a growing interest in plant-based diets, further hampering the chilled and frozen meat market growth.

MARKET OPPORTUNITIES

Growing Emphasis on Sustainability, Prompting Opportunities for Developing Eco-friendly Packaging Solutions

Growing environmental concerns among consumers are prompting a shift toward sustainable packaging. According to the North American and Food Industry Association Meat Institute’s 2023 “Power of Meat” study, around 52% of meat eaters surveyed depend on environmental factors such as recycling and sustainability when making meat product choices at the grocery store. As awareness of the ecological impact of packaging materials rises, consumers are actively seeking products that utilize recyclable, biodegradable, and environmentally friendly packaging options. Thus, manufacturers can launch products in environment friendly packaging solutions which in turn can attract climate friendly consumers and contribute to the overall global chilled and frozen meat market growth.

CHILLED AND FROZEN MEAT MARKET TRENDS

Increasing Focus on Enhancing Cold Chain Logistics to Fuel Market Growth

Innovations in cold chain logistics are enhancing the distribution and storage of frozen meat, ensuring that products maintain their quality from production to consumption. Improved refrigeration technology allows QSRs to store and use frozen products effectively, further driving the market.

As consumer demand shifts toward more sustainable practices, freezing technologies are evolving to address these concerns. Manufacturers are increasingly adopting methods that reduce food waste and improve the sustainability of their operations, which is becoming a critical factor in the competitive landscape of the frozen food industry, including meat.

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Impact of COVID-19

The meat supply chain was significantly impacted during the COVID-19 pandemic. The supply and demand for meat products varied significantly during the period. As the COVID-19 pandemic prompted the government to close down restaurants and public spaces to prevent the spread of the disease, the demand for meat products declined in the food service sector. With the food service sector, specifically the dine-in restaurants, being significantly impacted, the home consumption of food products, including meat, increased. Thus, manufacturers had to shift their business from B2B to B2C and expand their presence in online delivery platforms to sell their products to consumers directly.

SEGMENTATION ANALYSIS

By Type Analysis

Beef to Account for Largest Market Share Owing to Growing Demand in the Emerging Markets

Based on type, the market is segmented into beef, chicken, pork, and lamb.

The beef segment is expected to hold the major share in the global market. In the chilled meat sector, beef is particularly prominent due to its integral role in various cuisines, especially in Western countries. The rising consumption of chilled beef is fueled by the growing demand for fresh meat products that are free from preservatives among consumers in emerging economies, such as Brazil and Argentina, and Asian countries, such as Japan, China, and others. Consumers are increasingly seeking meat that retains its nutritional value and flavor, which chilled meat provides by being stored at temperatures between 0 to 4 degrees Celsius. This method helps preserve the meat's texture and taste while preventing spoilage and microbial contamination.

The pork segment is projected to have moderate growth in the global chilled and frozen meat industry. Pork is recognized for its high nutritional value, offering essential vitamins and minerals, which makes it a popular choice among health-conscious consumers. The demand for lean and protein-rich options is driving the consumption of pork, particularly among fitness enthusiasts and those following high-protein diets. The expansion of quick-service restaurants and the food service sector is significantly increasing the demand for frozen pork. Pork is widely used in various fast-food items, making it a staple in the food service industry and hence, the market during the forecast period is expected to have a decent growth.

Chicken is expected to be the fastest-growing segment over the forecast period. Its affordability compared to other meats makes it a staple in many diets globally and enables it to grow at a CAGR higher than other meat products. As disposable incomes rise, especially in developing regions, chicken consumption is expected to increase significantly.

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By Form Analysis

Chilled Meat to Account for Highest Market Share as It Is Perceived to Be Nutritious and Fresh Than Frozen Meat Products

Based on form, the market is segmented into frozen and chilled.

The chilled form of meat segment is expected to hold a major share of the global market. Chilled meat typically retains more moisture compared to frozen meat, which can lose juiciness during the freezing and thawing process. As freezing causes the formation of ice crystals that damage the muscle structure, leading to a drier texture when cooked. The flavor profile of chilled meat tends to remain intact, while freezing can alter the taste due to changes in the meat's composition during the freezing process. Many consumers find that chilled meat offers a fresher taste compared to its frozen counterpart.

The frozen segment is projected to witness significant growth in the global market. Frozen meat can be stored for extended periods without spoiling, significantly reducing food waste. While chilled meat typically has a shelf life of 1-2 weeks, frozen meat can last for a year or more when stored properly, maintaining its quality and safety from bacterial growth. The freezing process effectively eliminates harmful bacteria, making frozen meat a safer option compared to chilled meat, which can spoil quickly if not handled correctly. The growth of the frozen meat market is also attributed to the reason that it allows consumers to have a variety of options available year-round, regardless of seasonal fluctuations. This means that consumers can enjoy their preferred cuts of meat at any time without worrying about availability.

CHILLED AND FROZEN MEAT MARKET REGIONAL OUTLOOK

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The market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Asia Pacific

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The Asia Pacific market size was valued at USD 320.75 billion in 2023 and accounted for the highest market share in 2023 globally. The Asia Pacific region is experiencing significant urbanization and population growth, particularly in countries, such as China and India. According to the National Institute of Urban Affairs, the urban population in India experienced a six-fold increase since 1951, to 377.1 million in 2011, and it is estimated to grow to 590 million by 2030. Higher income levels enable consumers to spend more on quality food products, including premium chilled meat options. This economic uplift is driving manufacturers to innovate and diversify their product offerings to cater to evolving consumer tastes.

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North America

North America is experiencing significant growth due to a combination of changing consumer preferences, advancements in technology, and growing frozen food consumption. The pandemic heightened the demand for frozen foods as consumers prioritized food safety and convenience. Frozen meat manufacturers are continuously innovating and introducing new products which are sold through various distribution channels. They are also focusing on packaging, which helps improve the quality and safety of frozen meat products, addressing consumer concerns about freshness and health.

• For instance, in January 2020, Silver Fern Farms Limited, a New Zealand multinational meat company, launched a range of grass-fed beef, lamb, and venison products in vacuum-sealed packaging in the U.S. market.

The strong cold chain infrastructure in the U.S. is a critical factor fueling the demand for chilled and frozen meat. It plays a vital role in supporting the frozen meat market by ensuring product quality, extending shelf life, enhancing supply chain resilience, and facilitating market growth through technological advancements and consumer convenience.

• For instance, in July 2024, MEDLOG, the logistics division of MSC, opened a new 291,000-square-foot, state-of-the-art cold storage facility in Savannah, Georgia. The new facility introduced 20,000 freezer/cooler pallet positions to the local market and is designed to process up to three million pounds of blast freezing per day. The new facility marked a significant addition to the export potential of poultry, pork, and meat producers in the U.S. Southeast and Midwest.

Europe

In Europe, there is a noticeable shift toward premium products in the chilled meat sector. Consumers are willing to pay more for higher-quality meats that are free from additives and preservatives, reflecting a broader trend of valuing quality over quantity. This premiumization is also supported by an increase in disposable income across Europe.

• According to the European Commission, Europe’s median disposable income increased by 20 % in real terms in 2022 compared to 2010.

South America

The growing tourism industry in South America is having a positive impact on the demand for chilled meat products in the region. The rise in tourism is leading to growth in the food service industry, including restaurants, hotels, and catering services.

• According to the World Bank Group, in 2019, 6,353,000 tourists arrived in Brazil. Chilled meats have a longer shelf life compared to fresh meat, making them ideal for the food service industry that caters to tourists.

Middle East & Africa

The Middle East's predominantly Muslim population drives the demand for halal-certified meat products. Halal certification ensures that meat is catered in accordance with Islamic dietary laws, making it a prerequisite for consumption among Muslims. As the population grows, so does the need for halal meat, including chilled and frozen options that are convenient and safe for storage.

COMPETITIVE LANDSCAPE

Key Industry Players

Key Industry Players Launching Base Expansion Strategies to Expand Their Market Share

Major Players in the Market

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The global market share exhibits a moderately fragmented structure with a mix of large established players and smaller regional companies. The market includes major players, such as JBS S.A., Tyson Foods, Marfrig Group, Cargill Inc., and Danish Crown, which dominate due to their extensive resources, established distribution networks, and significant investments in technology and product innovation. These companies account for around 45% of the total global chilled and frozen meat market share. Manufacturers, such as Pride Corporation, a brand of JBS, Tyson Foods, Verde Farms LLC, Associated British Foods plc and others, are investing in capacity expansion initiatives, expanding their e-commerce platform presence and helping companies expand and broaden their meat production and meet the growing demand in domestic and international markets. Collaboration with research organizations is also helping the company assess the animal feed requirement and help ranchers associated with these companies adopt best-in-class conservation practices within the industry.

LIST OF KEY COMPANIES PROFILED:

• Cargill, Incorporated (U.S.)


• JBS S.A. (Brazil)


• Koch Foods (U.S.)


• Marfrig S.A. (Brazil)


• Minerva Foods (Brazil)


• Nippon Best Meat Co., Ltd. (Japan)


• Perdue Farmss (U.S.)


• Tyson Foods, Inc. (U.S.)


• Danish Crown (Denmark)


• Vion Group (Netherlands)


• Itoham Yonekyu Holdings Inc. (Japan)


• NH Foods Ltd. (Japan)

KEY INDUSTRY DEVELOPMENTS:

• October 2023: National Beef Packing Company, LLC launched a new beef processing plant in Iowa. The launch of a new production facility helped the company easily access the high-quality corn-fed cattle available in the region.


• September 2023: Minerva (BEEF3) acquired Uruguay-based Breeders and Packers Uruguay S.A. (BPU Meat), a subsidiary of NH Foods, for USD 40 million. This modern beef slaughterhouse has a slaughtering capacity of 1200 heads per day. This acquisition helped the company increase its presence in Japan, South Korea, China, and the U.S.


• August 2023: The Organic Meat Company Limited, one of the leading halal meat exporters in Pakistan, acquired Mohammad Saeed Mohammad Hussain Limited (MSMH), a leading producer and exporter of animal offals.


• May 2023: Finnish FSD specialist Donier Gastronomie (Donier) was acquired by Johan i Hallen & Bergfalk (JHB). Donier had a strong presence in Finland, and the acquisition helped JHB expand its presence in the country.


• January 2023: Niman Ranch, the branch of Perdue Farms, which specializes in manufacturing beef, poultry, and lamb, entered into a strategic partnership with U.S.-based company Fortune Fish & Gourmet. This partnership helps the company expand its geographical presence in other states such as Detroit, Indianapolis, Chicago, and Omaha, major beef consumers.

INVESTMENT ANALYSIS AND OPPORTUNITIES:

Meat manufacturers are increasingly enhancing their cold chain logistics to ensure the quality and safety of their products. For instance, in April 2023, Koch Foods constructed a new cold storage facility in Fairfield, Ohio. The proposed plan valued the cold storage construction project at USD 100 million. Investments in energy-efficient technologies can help reduce operational costs and improve the overall sustainability of cold chain operations. Several key players have identified that the demand for animal protein is increasing in the South American and Asian markets, and through capacity expansion initiatives, manufacturers aim to meet the growing meat demand in these regions. Additionally, implementing sustainable practices, such as reducing waste, using renewable energy, and promoting animal welfare, can help companies differentiate themselves in the market and appeal to environmentally conscious consumers.

REPORT COVERAGE

The global market report includes quantitative and qualitative insights into the market using different research methodologies. This global market growth forecast also offers a detailed regional analysis, market analysis, market trends, market dynamics, regional market forecast, global chilled and frozen meat market forecast, and market rate for all possible market segments. This market analysis report provides various key insights on the market, an overview of related markets, the competitive landscape, the forecast period, recent industry developments, such as mergers & acquisitions, the regulatory scenario in critical countries, and key industry trends.

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Report Scope & Segmentation