Increasing consumer demand for convenient food options, burgeoning preference for lamb meat, expansion of retail channels and distribution networks are the factors driving market growth.
WILMINGTON, Del., April 10, 2024 (Globe Newswire) — Allied Market Research has published a report titled: ”frozen lamb market By Type (Lamb Head, Lamb Rack, Lamb Leg, etc.) and Distribution Channel (Supermarket/Hypermarket, Department Store, B2B, and Online Sales Channel): Global Opportunity Analysis and Industry Forecast, 2023-2032.”. According to the report, the 'Frozen Lamb Market' was valued at $5.9 billion in 2022 and is estimated to reach $10.7 billion by 2032, growing at a CAGR of 6.3% from 2023 to 2032.
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Key determinants of growth
The growth of the frozen lamb meat market is influenced by several key determinants that shape its trajectory in the global food industry. Changes in consumer lifestyle and preferences play a vital role. As consumers increasingly seek convenience without compromising quality, frozen lamb products offer a solution by offering longer shelf life, easy storage and quick meal preparation. Additionally, the increasing demand for protein-rich meals and the versatility of lamb meat in various cuisines are further propelling the market growth.
Additionally, advances in refrigeration technology and supply chain management are contributing significantly to market expansion. Improvements in freezing technology preserve the taste, texture and nutritional value of lamb, making it more appealing to consumers. Additionally, efficient cold chain logistics allows frozen lamb products to be distributed seamlessly geographically, opening up diverse consumer markets and improving accessibility and availability. Additionally, innovations in packaging solutions such as vacuum sealing and controlled atmosphere packaging extend the shelf life of frozen lamb products, improve food safety, address consumer concerns, and drive market growth. Overall, the convergence of evolving consumer preferences, technological innovations, and streamlined supply chain processes serve as the key determinants driving the growth of the frozen lamb meat market.
Report scope and details:
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Report scope |
detail |
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Forecast period |
2023-2032 |
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base year |
2022 |
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Market size in 2022 |
$5.9 billion |
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Market size in 2032 |
$10.7 billion |
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CAGR |
6.3% |
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Number of pages in the report |
345 |
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Target segment |
Type, distribution channel, region |
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driver |
Increased consumer demand for convenient food options. |
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Due to its taste and nutritional benefits, lamb meat is rapidly gaining popularity. |
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Expansion of retail channels and distribution networks. |
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opportunity |
Introducing innovative product variations and flavor profiles. |
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Strategic partnerships and collaborations along the supply chain. |
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Focus on sustainable and ethical sourcing practices to appeal to conscious consumers. |
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restraints |
Concerns about the environmental impact of frozen food production. |
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Regulatory challenges and compliance requirements. |
Ram head segment will hold major market share in 2022
By type, the ram head segment is estimated to hold the highest market share in 2022, accounting for nearly one-third of the global frozen ram market revenue and maintain its leadership position during the forecast period. However, the Other segment is projected to witness a significant CAGR of 7.6% from 2023 to 2032.
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The supermarket/hypermarket sector will remain a leader in 2032
By distribution channel, the supermarket/hypermarket sector maintained its top position. highest market share It is estimated to account for more than one-third of the global frozen lamb market revenue in 2022 and maintain its leadership position during the forecast period. Furthermore, the online sales channel segment is projected to exhibit the highest CAGR of 9.6% from 2023 to 2032.
Europe will maintain its dominance by 2032
By region, Europe has the highest market share in terms of revenue in 2022, accounting for more than one-third of the global frozen lamb market revenue. Moreover, Asia Pacific is expected to have the fastest CAGR of 8.5% from 2023 to 2032.
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Key market players: –
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El Moreno
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Kuehne+Heights
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Selina Wamchee
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CS Foods
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damako group
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San Salvadorarimentos
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DC International LLC
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Dubmet
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delta group
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Allied Market Research (AMR) is the full-service market research and business consulting division of Allied Analytics LLP, based in Wilmington, Delaware. Allied Market Research provides unparalleled quality of Market Research Reports and Business Intelligence Solutions to global corporations and small and medium-sized businesses. AMR has a focused perspective in providing business insights and consulting to help clients make strategic business decisions and achieve sustainable growth in their respective market areas. Masu.
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