Australia & New Zealand Dried Fruits MARKET By Application
| Label | USD Million |
|---|---|
| 2018 | 323.73731415945775 USD Million |
| 2019 | 328.36962836535747 USD Million |
| 2020 | 348.46179477566665 USD Million |
| 2021 | 372.925253431794 USD Million |
| 2022 | 399.33312716367215 USD Million |
| 2023 | 419.7284185686026 USD Million |
| 2024 | 441.4277496891106 USD Million |
| 2025 | 464.86115889470113 USD Million |
| 2026 | 489.5201967097344 USD Million |
| 2027 | 515.4677412145967 USD Million |
| 2028 | 542.7698132154427 USD Million |
| 2029 | 571.4957275781304 USD Million |
| 2030 | 601.7182514419427 USD Million |
| 2031 | 633.5137695958579 USD Million |
| 2032 | 666.9624573093854 USD Million |
Data Source: Wantstats Repository
Market Dynamics
Germany is the biggest market for frozen beef in Europe. While demand for other meats and poultry in the country is declining, the demand for frozen beef has been steadily increasing over the past few years. Positively, the frozen beef market is expected to continue growing in the coming years. In recent years, there have been several changes in the frozen beef industry in Germany, that have had a positive effect on the demand. Firstly, technological advancement has allowed for rapid freezing of beef that is imported to Germany. This has simplified the process of frozen beef transport and storage, making it more available and cost effective. Secondly, there has been a noticeable shift in consumers' food preferences towards convenience foods, and an increase in the demand for processed frozen foods. The growing availability of such food options, with their convenience-driven nature, has allowed for an increase in the consumption of frozen products like beef. One major driver for the frozen beef market is the increasing demand for convenience foods within Germany. The busy lifestyles of German citizens have caused them to prioritize convenience, thus spurring the growth of the ready-made meals industry.
This in turn, has caused an increase in the demand for frozen beef, considering the importance of frozen ground beef in the making of a range of different meals. Furthermore, the health consciousness of the German population has encouraged an increased demand for low-fat and organic beef, helping the frozen beef market to grow. Due to the aforementioned drivers and trends, the outlook for the frozen beef market in Germany in the next few years is expected to remain positive. Furthermore, the revenue of the frozen beef market is expected to continue its growth in the near future. This is encouraging news for Germany and its frozen beef industry, and it is expected that the German frozen beef market will continue to thrive for the next decade.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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