Global Processed Meat Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
The Processed Meat Market is segmented on the basis of type, package type, and region.
Global Processed Meat Market: Overview
“The Processed Meat Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Processed meat helps in the extraction of preservation and toxins. It provides advantages such as the low risk of contamination, extended shelf life, enhanced taste, flavor, and outer appearance, and also helps to reduce the time and efforts spent in performing culinary procedures before consumption.
Global Processed Meat Market: Dynamics
Growing demand for ready-to-eat, packaged, and convenience food coupled with the adoption of new lifestyle trends and food habits are the major factors expected to drive the growth of the global processed meat market.
According to the document published by World Health Organization, processed meat has been transformed artificially through various processes such as salting, fermentation, smoking, or curing. Most processed meat contains poultry meat, pork, beef, and sheep meat.
Hot dogs, sausages, corned beef, and biltong are some popular examples of processed meat. In addition, increasing demand for processed meat due to its high-energy and nutrient content along with helping to reduce risks of meat-borne diseases are some factors estimated to drive the growth of the target market.
Moreover, demand for frozen food products across the globe along with growth in the food sector are some factors expected to propel the growth of the target market over the next 10 years.
However, government regulations, the process of treating meat, and rising health concerns among consumers are some of the major factors that may hamper the growth of the global market to a certain extent.
As per American Institute for Cancer Research and World Cancer Research Fund, consumption of meat products increases the risk of colorectal and stomach cancer.
Global Processed Meat Market: Segment Analysis
Among the type segments, the poultry segment is expected to account for a significant revenue share in the global market.
Among the package type segments, the retail packaging segment is estimated to account for a major revenue share and is estimated to maintain its dominance over the forecast period.
Global Processed Meat Market: Regional Analysis
The market in North America is estimated to account for a major share of the global market in terms of revenue in 2018. This is attributed to the growing demand for high-value protein food and the increasing consumption of red meat in this region.
The Asia Pacific is estimated to register the fastest growth in terms of revenue as compared to other regions, owing to increasing inclination toward products with longer shelf life in the countries in this region. Rapid urbanization, economic growth, and rising disposable income are some factors estimated to drive the growth of the market.
Moreover, the markets in Europe, Latin America, and Middle East & Africa are expected to register significantly higher growth rates over the forecast period. The availability of products along with changes in meat preservation techniques are some factors expected to boost the growth of the target market.
Global Processed Meat Market Segmentation:
Segmentation by Type:
Segmentation by Package Type:
- Retail packaging
- Bulk Packaging
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Tyson Foods, Inc.
- Conagra Brands, Inc.
- Advance Food Company, Inc.
- Cargill, Incorporated
- Pilgrim’s Pride Corporation
- Hormel Foods Corporation
- Keystone Foods
- Sysco Corporation
- JBS S.A.
- NH Foods Ltd.
- Cherkizovo Group
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