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The global frozen poultry market has been expanding owing to the increasing popularity of prepared, packed, and convenient meals among youths. In the current busy lifestyle, individuals are gradually seeking ready-to-cook and ready-to-eat food products. Furthermore, millennials and Gen-Z consumers are emphasizing their fitness and overall well-being.
Protein-rich food products will assist in achieving their fitness goal and improve physical endurance. Poultry products, especially frozen poultry meats, are becoming more popular options among individuals. Additionally, increasing urbanization, changing standard of living, and rising number of working women are several macroeconomic factors positively driving the global frozen poultry meat market in the near future.
Increasing Technological Advancement to Drive the Market Growth in the Near Future
Investing in freezing technology is vital for the food industry as it contributes to improved product quality and efficiency. The food processing sector is dynamic, with evolving consumer preferences, and advanced technology plays a pivotal role in catering to these new demands. For instance, in May 2023, Newburgh Foods, a U.K.-based wholesaler and retailer of poultry products, enhanced its poultry’s freezing production capacity by 60% with the help of an automated spiral freezer. Increasing key players' focus on technological advancement and expanding their production capacity will drive market growth.
Emerging Fresh Poultry Meat Demand May Hamper the Market Growth
The rising preference for fresh products is posing a constraining effect on the demand for frozen poultry meat products. In this modern era, consumers are highly inclined toward their health and wellness and prefer products that are perceived to be less processed and more nutritious & wholesome. This shift in preferences can limit the demand for frozen poultry meat, leading to poor sales of products globally. Additionally, the surging trend of farm-to-table products further contributes to the popularity of fresh produce as the majority of consumers seek authenticity, which can limit their exposure to the demand for frozen poultry meat products.
Increasing Number of Foodservice and HoReCa Industry to Drive Market Growth
The food service and hotel, restaurant, and cafe sector (HoReCa) is recognized as a significant consumer of frozen poultry meat products. Food service establishments and fast food chains require a regular supply of poultry meat products. It is difficult to frequently supply raw materials such as quality fresh poultry meat to industry players. Therefore, the food service industry players are seeking frozen poultry meat to maintain the quality of their products. According to the U.S. Department of Agriculture, the food service facilities contributed nearly USD 1.5 trillion in 2023 in the U.S. The increasing food service industry growth across the world is significantly contributing the frozen poultry meat product sales over the upcoming years.
| By Poultry Type | By Product Type | By End-Use | By Region |
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Based on poultry type, the market is segmented into chicken, turkey, duck, and others.
The chicken segment holds the largest market share. Chicken meat is widely consumed across the world due to its familiar taste, accessibility, and affordability. Additionally, chicken is more popular among health-conscious consumers due to its high protein content. Thus, the popularity of frozen chicken meat is growing rapidly across the world.
The turkey frozen meat segment is anticipated to grow at the fastest CAGR rate during the forecast period. Increasing consumers' demand to experience a new taste and demand for turkey meat across the food service sector is likely to drive product demand. Additionally, increasing turkey production worldwide is driving the segment growth. According to USDA, the value of turkey production in the U.S. has increased from USD 4.13 billion in 2019 to USD 6.57 billion in 2023.
Based on product type, the market is segmented into processed and raw.
The raw segment holds the largest market share. Increasing raw frozen poultry meat demand from the food processing and food service industry is positively driving the product demand. Additionally, emerging consumer demand for minimally processed food products and rising natural food product popularity are significantly influencing the segment growth. Therefore, the raw frozen poultry meat product is anticipated to grow at a promising growth rate in the near future.
The processed frozen poultry meat segment is anticipated to depict the highest growth trajectory over the forecast period. Increasing consumer demand for ready-to-cook, ready-to-eat, and prepacked food products among millennials and Gen-Z consumers is popularly driving the segment expansion. Increasing new product development and new product launches is significantly driving the segment growth. Therefore, the segment is likely to grow at the fastest CAGR during the forecast period.
Based on the end-use, the market is segmented into household, food processing, and food service.
The food processing segment holds the largest market share. Food processing companies are utilizing frozen poultry meat as an ingredient in their product as it is safe, has an extended shelf-life, and is of good quality. Additionally, food processing companies, especially prepared food and ready-to-eat meal kit manufacturers, utilize processed poultry meat products to produce new products. It is likely to drive the segment growth in the near future.
The household segment is anticipated to grow at the highest rate over the forecast period. The increasing cook-at-home trend among individuals is likely to drive the demand for processed and raw frozen meat. Additionally, consumer demand for premium-quality, safe, and clean-label food products is likely to drive the demand for frozen poultry meat from the household segment.
Based on region, the market has been studied across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
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Europe holds the largest market share. The increasing popularity of frozen food products and frozen ready-to-eat meal demand are primarily driving the regional product demand. Additionally, the growing hectic lifestyles and rising demand for wholesome food that is tasty, easy to cook, and affordable are driving the product demand in the region. The growing importance of higher-shelf life products is further encouraging the consumption of frozen poultry meat in the region.
Asia Pacific is anticipated to expand at the highest growth rate during the forecast period. The increasing consumption of packed meat products and prepared meals is likely to drive the industry growth in the region. Additionally, expanding urbanization, a growing number of working women, and the adoption of the Western lifestyle across Asian countries, including China, India, and Indonesia, are contributing to the market growth during the forecast period.
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