South Korean Frozen Meat Market Overview, Applications, Demand, Growth Analysis, Opportunity Forecast to 2032

0
97

Frozen Meat Market-Overview:

Seasonality, rising awareness and preferences, and expanded use of ready meals are all variables that influence frozen meat consumption. Technological advancements to extend the shelf life of frozen products, as well as ongoing attempts to provide high-quality products, particularly meats, are propelling the market's development. As per MRFR, the market will likely grow with a 4.78% CAGR by 2032.

The South Korean Frozen Meat Market is a dynamic and rapidly growing segment of the country's food industry, driven by changing consumer lifestyles, increasing urbanization, and a growing preference for convenience foods. Frozen meat products offer consumers an easy and convenient solution for meal preparation, catering to busy schedules and modern lifestyles. In South Korea, the demand for frozen meat is fueled by factors such as rising disposable incomes, changing dietary habits, and the influence of Western cuisines. Market players in South Korea focus on product innovation, marketing strategies, and distribution channels to meet consumer needs and preferences effectively. Moreover, technological advancements in freezing and packaging technologies enhance product quality, extend shelf life, and improve distribution efficiencies, driving further growth and innovation in the South Korean frozen meat industry. Additionally, the COVID-19 pandemic has accelerated the adoption of frozen meat products as consumers prioritize food safety and stockpile essential items, leading to increased sales and market expansion in South Korea.

Frozen Meat Market Size was valued at USD 55.8 Billion in 2022. The Frozen Meat market industry is projected to grow from USD 58.5 Billion in 2023 to USD 85.0 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.78% during the forecast period (2023 - 2032).

Manufacturers are focusing on introducing various types of frozen foods in this segment to meet the requirement for meat products and overcome seasonality. Furthermore, due to the overwhelming prevalence of e-commerce and online delivery services, which is being pushed by an accelerated lifestyle, cafes and restaurants worldwide are relying on frozen meat products to meet the demand for meat dishes.

Competitive Landscape:

The market's development is projected to be hindered shortly due to a shortage of critical resources. The function of mergers and applications is expected to become critical in maintaining development speed in the coming era. Governments worldwide are committing their support for market-friendly changes. The improving trade relations are projected to increase the international market in the coming years. The industry is anticipated to boost as new products are introduced that focus on satisfying the evolving requirements of their respective client bases. The use of the internet for sales and marketing is expected to expand the market's prospects during the forecast period. The global contagion has provided businesses with a new mandate about the purchasing process and a rapid acceleration of digital transformation. Fresh business models and perceptions are present in current core operations and support functions in the forecast term. It is projected that implementing comprehensive research techniques to examine the market's future development will aid in market development.

The Frozen Meat Market Companies are Marfrig Group, BRF SA, and Pilgrim's Pride Corporation.

Detailed Regional Analysis:

The regional summary of the frozen meat market consists of North America, Asia-Pacific, Europe, and other major regions. Due to the region's high consumption, Asia-Pacific is the region's biggest market. Japan and China are the primary exporters of dried meat. China primarily imports pork, including frozen pig slices, frozen hams, and frozen shoulder and slices. Additional spending on meat products, specifically frozen meat, is estimated to boost the frozen meat market in the coming years. Demand for frozen meat is likely higher as healthy meat products acquire appeal among Chinese consumers. Due to the high demand and availability of frozen food products in this region, the European region is projected to project dominance over the worldwide frozen meat market during the forecast period. Latin American countries present numerous options for prominent competitors to expand. The Middle East is projected to be a lucrative location for expanding the frozen processed meat market.

Segmentations:

The segmentation of the frozen meat industry is conducted based on product type, region, distribution channel, and end user. The frozen meat market consists of frozen whole cut and frozen processed meat by product type. The frozen meat market consists of North America, Asia Pacific, Europe, and other major regions by region. By distribution channel, the frozen meat market consists of store-based and non-store-based. By end user, the frozen meat market consists of retail customers and food service.

Industry Updates:

Feb 2022 JBS SA agreed to pay USD 52.5 million to resolve a lawsuit alleging meat-packing businesses conspired to limit supply in the USD 63 billion-a-year US beef market to raise prices and increase profits. The preliminary settlement reached by the Brazilian corporation and its US subsidiaries with so-called direct purchasers is the first in a nationwide antitrust case involving beef price rigging. JBS stated that while it did not acknowledge liability, the settlement was in its best interests. It also stated that it would defend itself against other plaintiffs' claims of beef price manipulation.

Related Reports:

Superfoods Market Research Report Information By Product Type (Superfruits, Superseeds and Supergrains, Edible Seaweed and others), By Distribution Channel (Store-Based, And Non-Store Based), By Application (Beverages, Snacks, Bakery & Confectionery, And Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030.

Globaler Forschungsbericht für Hefe- und Hefeextrakte nach Typ (Bäckerhefe, Bierhefe, Weinhefe, Futterhefe und andere), Anwendung (Lebensmittel und Getränke (Bäckerei und Süßwaren, Getränke und andere), Tierfutter und andere)) und Region (Nordamerika, Europa, Asien-Pazifik und der Rest der Welt) ) - Prognose bis 2030

ファーストフード市場調査レポート:タイプ別の情報(バーガー/サンドイッチ、ピザ/パスタ、チキン&アンプ; シーフード、アジア/ラテンアメリカ料理、その他)、サービスタイプ(イートイン、テイクアウト、ドライブスルー、宅配、その他)および地域-2027年までの予測

About Market Research Future:

Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.

Contact Us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street, 5Th Floor,

New York, New York 10013

United States of America

+1 628 258 0071

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com/

Cerca
Categorie
Leggi tutto
Health
12 Reasons to Be Addicted to Remday Skin Tag Remover!
Why Choose Remedy Skin Tag Remover Over Other Options?  Treatment Skin Tag Remover is better...
By Charissebobrien Charissebobrien 2023-05-13 10:12:00 0 534
Altre informazioni
Call Girls in Islamabad +923011114937
Finding the best Escorts in Islamabad can be difficult as there are so many of them....
By MASHUM FAREEN 2024-01-16 05:11:05 0 264
Home
How to choose the right pillow for sleeping
Pouffe bench or sofa – which is better for your home? There are many different types of...
By Buy Weed Online 2023-04-07 13:10:27 0 595
Altre informazioni
Pulp & Paper Chemicals Market 2022: Comprehensive Study By Leading Key Players Ingrowth
Market Analysis The global pulp & paper chemicals market is predicted to grow at a...
By Santosh Autade 2023-01-23 11:02:26 0 523
Health
Legal Marijuana Market Size, Trends, Opportunities and Forecast By 2029
"Recent study report released by Data Bridge Market research titled “Global Legal Marijuana...
By Fatima Khurani 2023-06-23 06:58:08 0 450