Frozen Meat Market Research Report by Revenue, Value, Share, Size, Business Developments, Key Players, Future Growth Strategies 2023

Dec 3, 2018

Frozen Meat Market Worldwide Research Report by Product Type (Frozen Processed Meat), End User (Food service, Retail customers), Distribution Channel (Store Based) and Region (North America, Europe, Asia Pacific and Rest of the world) - Forecast to 2023

pune, India - December 3, 2018 /MarketersMedia/ —

Market Analysis:
Frozen Food involves basic food chemistry under which food is conserved by a freezing process and kept in a freezer before cooking. Frozen meat offers better stock control, overcome the problem of seasonality and offers longer shelf life which allows advanced purchase and longer-term storage. Manufacturers invest in research and technical development and investigative activities to improve existing products and procedures to develop new products. Numerous research studies and analysis have been done in this field which was conducted by various regulatory bodies or authorities such as USDA. USDA has conducted comprehensive scientific and technological study of all the practices of the frozen meat industry with an objective to determine the safety of frozen meat and define certain standards for maintenance of the high quality of commercially packed frozen meats under the conditions of temperature and time to improve the efficiency of supply chain and food distribution.

Frozen Meat Market is estimated to grow at the CAGR of 4.36%. Frozen meat market has witnessed substantial innovation in terms of new product launches along with research & development and collaboration. Also, the overall disposable income of the consumer is increasing over the past few years which in turn leads to surge in sales of frozen meat during the forecast period.

With strong economic growth, emergence of a large and prosperous middle class, increasing consumers’ cautiousness to spend along with high rates of migration from rural to urban areas has led to the influx of international retailers to the developing regions and has encouraged the construction of large volume of new retail real estate. In Asia-Pacific region, China is one of the most dynamic retail markets in the world, whereas India, Kazakhstan, Indonesia, Malaysia and Turkey are also ranked higher in terms of retail development. Retail customers are more inclined towards buying cooked, semi-cooked ready-to-eat food, meat, and soups amongst the categories of available frozen products in the market. Also, increasing promotional activity by the retailers across the region has led to the rising consumer demand

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Major Leading Key Players:
This report includes a study of strategies used in the market, mergers and acquisitions in frozen meat, multiple product launch by frozen meat market players. It further includes product portfolios and developments of leading major players which includes

The leading market players in the Global Frozen Meat Market primarily are Associated British Foods Plc. (U.K.), Marfrig Group. (Brazil), Kerry Group Plc. (Ireland), BRF S.A. (Brazil), Pilgrim’s Pride Corporation (U.S.), Tyson Foods, Inc. (U.S.), Cargill Incorporated (U.S.).

The market players have increased their level of investment in research to identify right formulation and to improve product functionality to capture lion’s share and create brand recognition in frozen meat market. Manufacturers indulge in maintaining transparency and allow food traceability in order to manage and mitigate risk and lowering the impact of recalls and lowering liability costs. The global frozen meat market is segmented based on product type, end user, distribution channel and regions of frozen meat.

Regional Analysis:
Frozen Meat Market is segmented into North America, Europe, Asia Pacific and Rest of the world. Among these, Europe is projected to retain its dominance throughout the forecast period. Europe is estimated to reach to USD 31.47 Bn by the end of 2023. North America is estimated to witness slow growth as compare to the other region. Asia Pacific region is projected to observe a massive growth during the review period of 2017-2023. Robust economic growth, rising urbanization, explosion of in the middle class population are the significant factors of the growth of frozen meat in Asia Pacific region. China is projected to register a healthy CAGR of 5.01% during the forecast period. The growth is contributed by the increasing per capita disposable income and the substantial growth of organized retail sector.

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Key Findings:
• Europe is estimated to retain its dominance throughout the forecast period and to grow at a substantial CAGR of 4.18%. Increasing per capita disposable income coupled with the busy life schedules of the consumer is anticipated to stimulate the sales of the frozen meat in Europe during the review period of 2017-2023.
• Frozen meat manufactures find a massive opportunity in the China, India and Middle East countries. Key players are emphasizing to augment the distribution channel in the untapped market to upsurge the customer base.

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MLB proposes shortening regular season to 154 games in 2029, expanding Division Series to best-of-7

NEW YORK— Major League Baseball proposed to shorten the regular season to 154 games from 162 starting in 2029 and to expand the Division Series to best-of-seven in a plan given to players during collective bargaining Thursday. Owners also proposed adding nine additional days off to the current postseason format, extending it to a maximum 42 days in a move that would give top starting pitchers potential to appear more often. MLB would allow higher-seeded teams in the first two rounds of the postseason to pick their opponents beginning next year and would make most regular-season Mondays a day off for the vast majority of teams starting in 2029 except for those in up to two nationally broadcast games. Cutting regular-season games would reduce the opportunity for players to set season and career records. "Returning to a 154-game schedule would allow us to introduce a weekly off day, which is good for player health, while also creating a new national broadcast window to showcase our most exciting teams and players," MLB spokesman Glen Caplin said in a statement. The players' association said it will review the plan and will respond at the bargaining table. Baseball's five-year labor contract expires Dec. 1, and management is expected to lock out players in a confrontation that could delay or wipe out the 2027 season. MLB proposed a salary cap, which the union has vowed to never accept, along with limits on contract values and length. "Unfortunately, the league once again made clear that all of its proposals are contingent on players' agreement to a salary cap, a system that guts player rights and compensation, as well as its other anti-player proposals," the union said in a statement. MLB's regular season currently schedules 162 games over 187 days, and the new format would play the 154 games over 180 in most years. MLB would keep the Wild Card Series at best-of-three at the ballpark of the higher-seeded team, add an extra day off between Games 1 and 2 and stagger series starts. There would be only two games scheduled on each of the first three days rather than the current format of up to four games per day. No. 3 seeds could select after the regular season whether to host No. 5 or No. 6 in the Wild Card Series, and the No. 1 seeds could pick which wild-card winner to play in the Division Series. Each best-of-seven series would be played over 11 days instead of nine, adding off days before Games 5 and 7 in addition to the travel days before Games 3 and 6. MLB would stop scheduling early round postseason games in afternoons after some teams have struggled to fill stadiums in those slots. Management made a "pick your opponent" proposal in 2022 bargaining as part of a 14-team playoff plan players didn't agree to. "A shorter regular season unlocks making October even better for our fans — with fewer weekday afternoon games, a longer Division Series and more opportunities to see the game's best pitchers on the biggest stage," Caplin said. "And allowing the top seeds to select their opponents in the first two rounds would create compelling storylines, intensify existing rivalries and create new ones." As part of the proposal, each team would be scheduled for four day-night doubleheaders, one against each division rival. Minor league schedules have included days off on Mondays since 2021. Big league clubs would be scheduled for Monday games on national holidays, when many typically draw large crowds. Teams that play Mondays would be scheduled to have Thursday off. MLB said player salaries would not be adjusted to reflect fewer games and bonus provision thresholds — like those that pay players for games played — would be adjusted to reflect the shortened schedule. The National and American Leagues adopted 154-game schedules in 1904 that had every team in each eight-team circuit playing all opponents 22 times. The AL switched to a 162-game schedule when it expanded to 10 teams for 1961 and the National League followed suit the next year. The LCS started in 1969 and were best-of-five through 1984, then expanded to best-of-seven. Division Series have been best-of-five since their inception for annual use in 1995. Wild card games started with the expansion of the playoffs from eight to 10 teams in 2012 and became best-of-three Wild Card Series when the postseason increased to 12 clubs in 2022.