Sumeru Expanded Its Presence In The Frozen Meat Market With The Launch Of Disruptive Snacks
Increasing consumption of meat around the globe is a major factor driving the growth of the frozen meat market. According to the TheWorldCounts, the production of meat has doubled in the 30 years from 1988 to 2018 and increased four-fold since the mid-1960s. And production is expected to continue to grow. By 2050, global meat consumption is projected to reach between 460 million and a staggering 570 million tons. Expanding the distribution channel of frozen meat which includes hypermarkets, supermarkets, online, and convenience stores are also uplifting the growth of the market. Rapid urbanization is another major factor fostering the growth of the frozen meat market . According to the United Nation, in 2018, 55% of the world's population lives in urban areas, a proportion that is expected to increase to 68% by 2050. Major players operating in the global frozen meat market include Kerry Group Plc., Associated British Foods Plc., BRF S.A., Verde Farms LLC, JBS S.A., Marfrig Global ...